The $193 billion-in-assets Carlyle Group is collaborating with the owners of Pacific Skies Estates, a 93 site manufactured home community (MHC) overlooking the Pacific Ocean in California to upgrade the utilities, streets and build a 1,000-foot-long boardwalk along the edge of the bluff. The $42 million deal includes buying luxury …
Carlyle Expands Manufactured Home Community Portfolio Read More
5 years after its passage, Dodd-Frank remains one of the hotly contested legacies of the Obama Administration. Supporters of the law believe that it provides important consumer protections. Others point to facts suggesting CFPB over-reach with respect to manufactured housing chattel – or personal property, “home-only loans” – are creating …
Following an article MHProNews posted May 27, 2015 concerning a grant the North Carolina Department of Environment and Natural Resources (DENR) awarded Alamance County to demolish abandoned manufactured homes (MH), nearby Rockingham County has been awarded $26,500 to discard abandoned single-section MH. As myfox8 reports, Rockingham County Code Enforcement Officer …
Another NC County Funded to Demolish Abandoned Manufactured Homes Read More
According to moneyflowindex, shares of manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) jumped by 3.55 percent in the past week, and 0.01 in the past four weeks. The shares have bested the S&P 500 by 6.34 percent in the past week and 1.07 percent for the past four …
Cavco Industries, Sun Communities Shine on Wall St. Read More
What’s New in public focused Manufactured HomeLivingNews.com Video Previews! Home Tours – Interviews – Drones – Tips – Tech – Talk – Inside MH! Dr. David Harnish, Superintendent, Martin Public Schools – Professional’s Interview Video – Inside MH What’s New in Manufactured Housing Industry Professional News New “Inside MH” video …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 13-Sept. 20, 2015 Read More
Based on rent and occupancy trends from July 2005 to July 2015 in Colorado, benzinga informs MHProNews that Datacomp reports occupancy rates in 55+ manufactured home communities (MHCs) have risen for the third consecutive year, and now stands at 90 percent, up 1.4 percent over July 2014. The national average …
Rent, Occupancy in Colorado Manufactured Home Communities Rise Read More
The Mississippi Regional Housing Summit will be held in Vicksburg beginning Sunday, Sept. 20 through Tue., Sept. 22 to focus on providing affordable housing in the 2nd Congressional District. With 400 people registered to attend, and the first of its kind in the state, it is drawing public officials, vendors, …
In and around Boulder, Colorado are eight manufactured home communities (MHC), with a total of just under 1,600 homes, most of which were built before the federal building standards took effect in June, 1976, as dailycamera reports. Recognizing the importance of the communities as affordable housing in a city not …
Boulder Considers Ways to Protect Land Lease Communities Read More
The Alpine Park manufactured home community (MHC) in Dubuque, Iowa was ordered to pay a $5,000 civil penalty and $3,924 in actual damages to a resident stemming from the community management’s decision to prevent a visitor from entering the community because of the breed of a service dog. According to …
Judgment Upheld against Land Lease Community over Visiting Service Dog Read More
New this year at the Michigan Manufactured Housing Association’s (MMHA) 74th Annual MMHA conference in Detroit Oct. 19-20 will be a program to recognize the exceptional marketing and communications efforts of our members, according to news.sys-con. Categories include best community entrance, best model home staging, best community event or activity, …
Michigan State Association Conference to Honor Members’ Efforts Read More
MHProNews has learned from 9news Caddis Capital Investments LLC of Littleton, Colorado has acquired two manufactured home communities (MHCs) for $7.725 million. Chancellor’s is a 121-home site community in Fountain, Colorado, and Woodland has 75 home sites in Woodland, WA. Using its current investment vehicle, Trico Fund III, Caddis teamed …
Caddis Capital Acquires Two Manufactured Home Communities Read More
In a letter to the editor of Asbury Park Press in New Jersey, Joan Finn, noting the loss of housing for 55,000 Ocean County residents due to Hurricane Sandy, many of whom were low-income renters who did not receive rebuild assistance, she asks where did they go. She says over …
New Jersey Citizen suggests Manufactured Homes for Hurricane Sandy Survivors Read More
Following a series of MHProNews posts reporting the sale of Patrick Industries, Inc. (NASDAQ:PATK), especially within the last three months, and largely by Jeffrey L. Gendel,l dakotafinancenews states major stockholder Tontine Capital Partners LP unloaded another 60,000 shares of Patrick at an average price of $44.42 for a net value …
Following a story MHProNews posted Feb. 27, 2014 regarding Winchester Ranch manufactured home community (MHC) in San Jose, California, the battle over some of the most expensive land in the country that sits under MHCs in Silicon Valley continues to burn brightly, much like the fires consuming parts of northern …
Battle Rages over Repurposing of California Manufactured Home Communities Read More
Seeking to assist low-to-moderate-income residents, St. Lawrence County, New York will hold a public hearing in Canton to inform people about the $850,000 Community Development Block Grant (CDBG) for which the county is applying to rehabilitate and replace some homes, including manufactured homes. “Almost 50 percent of the households in …
CDBG Funding will Repair, Replace Manufactured Homes Read More
According to seekingalpha, manufactured home community (MHC) owner UMH Properties, Inc. has a high concentration of its communities in Ohio, New York and Pennsylvania, and 80 percent of them are within the Marcellus and Utica Shale regions where energy companies have stepped up drilling for natural gas. UMH says same …
UMH Properties has High Concentration in Energy Development Region Read More
In a continuing selloff of Patrick Industries, Inc. (NASDAQ:PATK) stock, as MHProNews has noted on numerous occasions recently (see Sept 3, 2015), Jeffrey L. Et Al Gendell sold 77,364 additional shares of company stock at an average price of $44.88 for $3,472,096.32. This adds to the 113,000 shares he has …
Major Stockholders, including CEO, Continue Selling Patrick Industries Stock Read More
An attempt to site 120 manufactured homes (MH) on a 22-ace plot of land in Taylor, British Columbia, Canada has run into opposition from the District of Taylor Council. Jennifer Hillmer, business development manager for Jandel Homes, said the MH would be on the lower end, filling the need for …
Manufactured Home Subdivision in Canada Receives Cold Reception Read More
The founder of manufactured housing and recreational vehicle component supplier Patrick Industries, Inc., Mervin D. Lund passed away at age 92. He introduced gypsum board to the manufactured housing industry as well as other materials that are still being used. A long time member of the Manufactured Housing Institute, he …
The Fannie Mae Home Purchase Sentiment Index (HPSI) in the last couple of months dropped to 80.8 from it record high set in June of 84.7, although it is up from a year ago and has stayed within a five-point range since one year ago. Fannie Mae Chief Economist Doug …
Housing Sector Continues to Chug Along, although Consumer Confidence Lags Read More
