According to abladvisor, Capital One has provided a $4.6 million fixed-rate loan for a repeat client to acquire Ocean West, a 127-unit, age-restricted manufactured home community (MHC) in McKinleyville, California. Built in 1979 and renovated in 1986, the property is located less than a mile from the Pacific Ocean, and …
Capital One Arranges Purchase of CA Manufactured Home Community Read More
In a pattern that MHPronews has reported at least five times going back to Nov. 7, 2014, dakotafinancialnews reports Patrick Industries (NASDAQ:PATK) major stockholder Jeffrey Gendell has unloaded another mass of stock, this time 37,901 shares in a transaction dated Friday, July 17, 2015. According to the Securities and Exchange …
Gendell Unloads More Patrick Stock for $1.48 Million Read More
Marcus & Millichap (M&M) has informed MHProNews of the sale of a 135+ home site manufactured home community (MHC) near Tarpon Springs, Florida for $6,400,000. The age-restricted community is situated on 15.37 acres, according to Richard D. Matricaria, regional manager of the firm’s Tampa office, and includes a 2,500 acre …
Manufactured Home Community in Florida Sells for $6.4 Million Read More
Park Street Partners (PSP) of Ladera Ranch, California informs MHProNews it has purchased Desert Trails Mobile Home Park in Green River, Wyoming, marking its seventh manufactured home community (MHC), but its first acquisition of the year, according to pressreleaserocket. Noting the community’s occupancy increased during the closing period, co-founder of …
PSP Seeks Manufactured Home Communities to Provide Affordable Housing Read More
A $700,000 U. S. Department of Housing & Urban Development (HUD) Indian Community Development Block Grant will provide seven new one-and two-bedroom manufactured homes for the Elko Band Colony Native Americans in Elko, Nevada, according to elkodaily, as tribal members and staff break ground for the homes. The HUD grant …
Elko Band Native Americans Break Ground for New Manufactured Homes Read More
Following up on a post MHProNews wrote July 13, 2015, regarding the Huntsville, Texas, City Council’s vote to prohibit the new siting of manufactured homes within the city limits, D. J. Pendleton, Executive Director of the Texas Manufactured Housing Association (TMHA), informs MHProNews the city council reversed its decision. The …
Texas City Reverses Decision, Votes to Allow Manufactured Housing Read More
While the Corporation for Enterprise Development’s (CFED) Doug Ryan nominally supports manufactured homes (MH) as affordable housing for low income consumers, his response to The Hill about Rep. Steve Fincher’s call to ease the regulatory burdens on prospective purchasers of MH demonstrably misses the mark. As MHProNews and MHLivingNews publisher L. …
War of Words? DC’s The Hill Congressional Blog on Manufactured Housing Finance Reform Read More
MHProNews has learned from uknewsyahoo that Equity LifeStyle Properties (ELS) reported for the second quarter 2015 it posted funds from operations (FFO) of $64.5 million or $0.70 per share, beating the average estimate of Zacks Investment Research analysts by $0.02 per share. A closely watched measure in the real estate …
Equity LifeStyle Properties Beats Analysts Expectations in Q2 Read More
As the housing recovery sputters along from the Great Recession, trying to overcome the lowest percentage of homeownership in 20 years (63%), even with the aid of artificially maintained low interest rates, people are moving away from the McMansions with their high maintenance and trophy appearance, and paying more attention …
A class action lawsuit has been filed on behalf of 22 owners of manufactured homes (MH) in Burnside, Minnesota after the city sent notices telling the homeowners they need to remove their carports because they were installed without permits, according to kstp-tv5. City Code Enforcement Coordinator Christopher Forslund said the …
Lawsuit Challenges Removal of Manufactured Home Carports Read More
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) has informed MHProNews that Daniel Hurd and Dan Mulkey of their Tampa office arranged the sale of Country Villa Mobile Home Park in Lakeland, Florida. The 45-home site senior manufactured home community (MHC), a mix of single and multi-section homes, …
Marcus & Millichap Arrange Sale of Florida Manufactured Home Community Read More
What’s New in public focused Manufactured HomeLivingNews.com Congressman Stephen Fincher is demanding Fairness for MH owners Deer Valley CFO Steve Lawler Inside MH Video and Home Tour Cancer Cures and Today’s MH What’s New in Manufactured Housing Industry Professional News The Manufactured Housing Association for Regulatory Reform’s (MHARR) Mark Weiss documents …
Sunday Morning Recap-Manufactured Housing Industry News-July 12-July 19, 2015 Read More
Shares of Encore Wire Corporation (NASDAQ:WIRE) of McKinney, Texas have been upgraded by Zacks from a hold rating to a buy rating in a research report sent to investors, according to dakotafinancialnews. The company has a current price target of $47.00 on the stock. As MHProNews knows, Encore manufactures copper …
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) will release its Q2 financials before the market opens Thursday, July 30, 2015 followed by a conference call at 10:00 AM Eastern Time that same morning for a discussion of the results and other business matters. The call will be conducted by Todd Cleveland, …
Patrick to Discuss Q2 Financials July 30; Gendell Sells More Stock Read More
The Texas Manufactured Housing Association tells MHProNews titles for both new and used manufactured homes fell in April from the previous month as well as from April 2014. For May, preliminary results indicate both shipments and processed titles have slipped for the month. However, with most of the state receiving …
Texas Manufactured Home Sales Slowed in April, and Preliminarily in May as Well Read More
For the third quarter of its fiscal year, T.J.T. Inc. announces net profits of $11,969 on net sales of $1,522,014, a turn around from its net loss of $7,114 reported April 13, 2015 for the previous quarter. As businesswire tells MHProNews sales for this quarter were comparable to Q3 of …
Supplier to Manufactured Home Market Reports Profit Read More
M. Mark Weiss, JD – President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), in an email to MHProNews and the Journal, said that the reported termination of the dispute resolution (DR) subcontract between the Savan Group LLC and HUD’s entrenched monitoring contractor, the Institute for Building …
Today’s Manufactured Homes – Amazingly Low Complaints, per Federal Report Read More
Beginning in January 2016, wset-tv informs MHProNews, Virginia customers of Appalachian Power (AEP) will be eligible to participate in five new energy-and cost-saving programs as approved by the Virginia State Corporation Commission (SCC). These four new residential programs and one targeted to commercial/industrial use are in addition to low income …
Virginia Manufactured Home Residents could see Substantial Drop in Utilities Read More
Executive Director of the Iowa Manufactured Housing Association (IMHA) Joe Kelly tells MHProNews recent court decisions have made it more important than ever for manufactured home community (MHC) operators, regardless of their size, to have their leases and other written documents vetted by an attorney who knows real estate law …
Manufactured Home Communities need Specialized Attorneys Read More
An attempt by Danny Wyant to site three new single-section manufactured homes (MH) on his mother’s property in Waynesboro, North Carolina is being met with stiff opposition from neighbors and the city council, even though Planning Director Michael Barnes said current ordinances do not prohibit the placement. Siting of manufactured …
Council Set to Deny Siting Request for three New Manufactured Homes Read More
