Following MHProNews‘ story yesterday (Sept. 9. 2015) about the sale of $6.38 million worth of Patrick Industries, Inc. (NASDAQ:PATK) stock on Sept. 4, 2015 by Tontine Capital Partners LP, the company continues to hold 12.78 percent of Patrick’s market cap, equivalent to two million shares. The significance of this unloading …
MHProNews has learned Michigan-based MHRE, which specializes in the marketing of manufactured home and recreational vehicle communities across the country, has orchestrated the sale of a three property, all age manufactured home community portfolio comprised of 921 home sites, all in Michigan. The sale includes community owned manufactured homes and …
MHRE Arranges Sale of Three Manufactured Home Community Package Read More
The Ford County Commission in Dodge City, Kansas denied Rosario N. Acosta-Aponte’s request to rezone residential land on Highway 50 to commercial for selling manufactured homes. He wanted to display five homes built in 2000 or later and would not take trade-ins, as dodgeglobe tells MHProNews. Zoning Administrator Mark Shriwise …
Rezoning Request Denied for Manufactured Home Retailer Read More
Updating a story MHProNews posted Sept. 3, 2015 regarding the sale of Patrick Industries, Inc. (NASDAQ:PATK) stock by two major shareholders, one of them, Tontine Capital Partners LP, unloaded another 143,950 shares of Patrick on Sept. 4, 2015. In a filing with the Securities and Exchange Commission, according to dakotafinancialnews, …
Major Shareholder Unloads $6.3 million of Patrick Industries Stock Read More
MHProNews has learned from ktuu-tv that the housing market in Anchorage, Alaska is very tight, with 40 percent of all renters in the Mat Su Valley earning $40,000 a year or less. In response, Weidner Property Management has sited over 200 new manufactured homes in a rental complex. The Alaska …
Alaska Program offers Subsidized Manufactured Homes to Low-Income Renters Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that statistics released by the U. S. Department of Housing and Urban Development (HUD) reveal that HUD Code production in July rose to 6,085 homes, 7.2 percent over the 5,675 HUD Code homes manufactured in July, 2014. Total HUD Code …
HUD Code Home Production Continues its Upward Trajectory Read More
MHProNews has learned from marketwatch that real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI), owner and operator of manufactured home and recreational vehicle communities, has declared a quarterly distribution of $0.65 per share of common stock for Q3 2015, payable Oct. 16, 2015 to shareholders of record as of …
Sun Communities Declares Stockholder Dividends for Third Quarter Read More
If Bill Stetson and other residents at Green Meadows Mobile Home Park in Concord, New Hampshire so choose, they may become the 114th co-operative owners of their own manufactured home community (MHC) in the state. A resident of Green Meadows for 31 years, he said, “This is an opportunity that …
Residents of Land Lease Community may Seek Co-operative Ownership Read More
Following a story MHProNews last published June 4, 2015 regarding the impending closing and planned relocation of residents of Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona, the city’s Human Services Department will help residents, many of whom are elderly and/or disabled, in their transition. While MHP …
Manufactured Home Community Residents Get Help from City, Fellow Citizens Read More
Twin Town Homes was incorporated in Maine 60 years ago and Bob Huatori has been there for 50 of those years, starting as a lot boy when he was 20, becoming president 25 years ago, and inheriting the business in 2006 when the son of the founder, Hayward Luck, passed …
A public-private collaboration between the Maryville-Alcoa-Blount County Parks and Recreation Commission and Clayton Homes has resulted in a first class 18-hole disc golf course being developed on the 240-acre campus of the nation’s largest builder of manufactured and modular homes. The facility, called The Claytons, covers 120 acres, and has …
Clayton Homes Opens Campus to Public Disc Golf Course Read More
Of the forty-three manufactured homes in the Foothills and Riverbend Mobile Home Parks that were devastated in Lyons, Colorado by eight days of torrential rain and subsequent flooding, none have been replaced, dailycamera tells MHProNews. In fact, there is nothing to indicate that the disaster did not happen last week …
Manufactured Home Communities Wiped Out Forever by Raging River Read More
Following a story MHProNews posted Aug. 27, 2015 regarding a judge’s ruling that the city of Pearl, Mississippi was illegally trying to eradicate manufactured home communities (MHCs) through attrition, three owners of Pearl MHCs have filed a Federal lawsuit charging the city with “purposeful discrimination” against low-and-middle-income housing, according to …
Federal Housing Discrimination Suit Filed against Pearl, Mississippi Read More
Capital One informs MHProNews that it arranged a $4.9 million fixed-rate Fannie Mae loan for the acquisition of a manufactured home community (MHC) in Canyonville, Oregon, 185 miles south of Portland. Completed in 2009, Knoll Terrace is a 134-homesite age-restricted community in a forested area, and the homes have two-car …
Fannie Mae Loan Arranged for sale of Manufactured Home Community in Oregon Read More
The Wildwood Home Owner’s Association in Sandwich, Illinois is sponsoring its third annual House Walk, Sept. 12, to acquaint visitors with the positive features of manufactured homes (MH) and living in a manufactured home community. As kendallcountynow informs MHProNews, six residents are opening their homes to help attendees understand the …
Wildwood Manufactured Home Community Sponsors House Walk Read More
MHProNews has learned from ktvz that Oregon offers first-time homebuyers the opportunity to purchase a home at below-market interest rates, according to Oregon Housing and Community Services (OHCS), including manufactured homes (MH). Using the proceeds from tax exempt revenue bonds, the Oregon Bond Loan program has two options: the first …
Oregon Assists First-time Homebuyers with Low Rates Read More
In a research report issued on Tuesday, C. L. King upgraded Patrick Industries (NASDAQ:PATK) from a “buy” rating to a “strong buy” rating, according to dakotafinancialnews. A manufacturer of component products and distributor of building products and materials to the manufactured housing (MH) and recreational vehicle (RV) industries, company stock …
Patrick Industries’ Stock Rises following Acquisition Read More
Following a Supreme Court’s ruling in June regarding disparate impact, and the subsequent requirement that cities receiving HUD funding must be wary of siting affordable housing away from amenities and the opportunities of urban living, two Chicago activists highlight the problem of transportation inequality, according to nextcity. Brendan Sanders of …
Transit Oriented Development in Relation to Affordable Housing Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that both houses of the legislature voted to allow modular buildings and housing to be built four stories high, or 60 feet. Several of TMHA’s members expressed an interest in building modular hotels, multi-family and assisted living facilities in order to compete …
Modular Building Raising the Roof One Floor; MH Related Bills that were Checked Read More
According to ncconsumer, a bill in the North Carolina House Judiciary IV Committee would no longer require manufactured home dealers to return all payments made on a purchase if the dealer changes the terms of a signed contract. As MHProNews understands, the dealer would only be liable for the initial …
Bill in North Carolina Legislature would Alter Manufactured Home Sale Terms Read More
