Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc., which supplies components to the manufactured housing and recreational vehicle industries, has acquired Spectal Industries., Inc. of Granby, Quebec, Canada. With production facilities in Canada as well as Tennessee and South Carolina, Spectal manufactures doors and windows for commercial and …
A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan …
New South Wales Review may Ease Restrictions on Manufactured Home Communities Read More
Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields …
Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the …
Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More
MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500 …
From marketwatch MHProNews has learned that Sun Communities, Inc. (NYSE:SUI), for Q1 2015 reports net income attributable to stockholders of $6.9 million, or $0.13 per diluted share as compared to $7.8 million net income for the same period of 2014 with $0.21 per diluted share. Same site net operating income …
Sun Communities reports Financials for Quarter ending March 31, 2015 Read More
When Joe Strocchia moved his multi-section manufactured home (MH) from the dealer in Indiana to a homesite in Dandridge, Tennessee in April, 2011, he had no idea a knock at the door would bring a host of complex problems that a court will now try to sort out, as wate-tv …
Manufactured Home Buyer Sues Set-Up Company, Home Seller Read More
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …
Return on Investment for Manufactured Home Communities Grows Read More
In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the …
State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More
Drew Industries Inc., parent company of Lippert Components Inc., will release its first quarter financial results before the market opens Tue., May 5, 2015, followed by a conference call later that same day at 11 AM EDT to discuss the results and other business affairs, according to rvbusiness. The question-and-answer …
As the Housing Group at Ballard Spahr informs MHProNews, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are nearing their respective 2015 volume caps. Regulated by the Federal Housing Finance Agency (FHFA), their volume to date may mean their allocation could be exhausted by late summer, 2015. While Fannie …
Fannie Mae’s Manufactured Housing Community Loans Exempt from Caps Read More
Developer Jack Morris bought the Laurelton Mobile Home Park in Brick, New Jersey on Route 88 in 2005 for $3.85 million, and the following year announced plans for redeveloping 21,600 square feet of frontage into retail space. At one point residents withheld rent payments because they felt the management company, …
Portion of Manufactured Home Community may see Commercial Development Read More
Aldermen in Pierce City, Missouri have denied Ken Madison’s attempts to replace manufactured homes (MH) on his property because the sites have been vacant over 60 days, and he intends to sue for $25,000 loss of income. Madison originally purchased the manufactured home community and has used it as such …
Responding to a question in coumbusdispatch from a couple regarding the long term investment value of a manufactured home, Ilyce Glink and lawyer Samuel Tamkin, who co-author a column on real estate, reply the most important concern is that the home complies with all federal HUD Code standards, post 1976, …
Which is Better Investment: Manufactured Home or Site-built Home Read More
MHProNews has learned from marketwatch that manufactured housing component supplier Patrick Industries, Inc. will release its first quarter 2015 financial results before the market opens on April 30, 2015. The company will conduct a conference call later that same day at 10:00 AM to discuss the Q1 results and other …
MHProNews has learned from prnewswire that Nobility Homes, a Florida-based producer of manufactured and modular homes for more than 47 years, has qualified to trade on the OTCQX® Best Marketplace under the symbol NOBH. R. Cromwell Coulson, President and CEO of OTC Markets Group, said, “We are proud to welcome …
Nobility Homes now Trading on Over-the Counter Market Read More
Sunday Morning Recap April 13-April 18, 2015 The big news of the week is that H. R. 650, The Preserving Access to Manufactured Housing Act, a major effort by the MH industry, finally passed the House. Deer Valley stock plummets one day, skyrockets two days later. In other news, a …
Mary McBrady, the Executive Director of the Massachusetts Manufactured Housing Association (MMHA) informs MHProNews that newly-elected 6th District Congressman Seth Moulton of MA broke ranks with Democrats to vote in favor of H. R. 650 Preserving Access to Manufactured Housing in its 263 yeas to 162 nays victorious passage in …
Rep. Seth Moulton Breaks Ranks with Dems on H. R. 650 Read More
Collating data on rising home prices, affordability, strong housing demand, and excellent economic demographics, housingwire tells MHProNews Auction.com has chosen the five top single-family housing markets. Auction.com Executive Vice President Rick Sharga says, “As the U.S. housing market has continued to recover from the Great Recession, we’ve seen significant regional …
Two of the Top Five Single-family Housing Markets Live in Texas Read More
Noting that 15 percent of the population of Michigan is 65 and older, Bryon Stroud, board member of the Michigan Manufactured Housing Association (MMHA), says manufactured homes can be built to accommodate people at all ages and stages of health. Known as universal design, features can include wider interior and …
Many Manufactured Homes Needing Assistive Devices for Elderly and Handicapped Read More
