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Sunday Morning Recap-Manufactured Housing Industry News Nov. 8-Nov. 15, 2015

What’s New in Manufactured Housing Industry Professional News $25k can apply to MH in Ala. and Long Island. Insider trading: Cavco, UMH, Sun, Drew. MH securitizer beats Zacks consensus. Ordinance allows newer homes only. Log cabin builder honored. Former Ginnie Mae head says mortgage reform unlikely. One Fed Head says …

Sunday Morning Recap-Manufactured Housing Industry News Nov. 8-Nov. 15, 2015 Read More

UMH Chairman Adds to His Company Stock

According to americantradejournal, on Nov. 5, 2015 Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,000 shares of UMH stock at $9.92 per share for a total of $49,652.62. As MHProNews reported Aug.18, 2015, Landy purchased 5,479 shares of UMH at $9.12 per share for …

UMH Chairman Adds to His Company Stock Read More

Sun Community Principal Sells 5,000 Shares of Stock

According to voicechronicle, Sun Communities (NYSE:SUI) chief operating officer (COO) John Bandini McLaren sold 5,000 shares of Sun Communities stock Thursday, Nov. 12 for $62.00 per share for net proceeds totaling $310,000. McLaren now owns 112,616 shares valued at $6,982,192. Sun last reported its earnings for Q3 2015 on Oct. …

Sun Community Principal Sells 5,000 Shares of Stock Read More

$25k Grant Available for First Time Home Buyers on Long Island

The U. S. Department of Housing and Urban Development (HUD) will provide $500,000 through the Federal HOME Investment Partnerships Program to assist first-time homebuyers in Nassau County, New York purchase a home, including manufactured homes. Eligible applicants can receive up to $25,000 for down payment/closing costs of a new or …

$25k Grant Available for First Time Home Buyers on Long Island Read More

Rotary Club Partners with School to Build Modular Homes, Do Rehab

For 20 years the Biddeford-Saco Rotary Club in Biddefore, Maine has enjoyed a successful relationship with the Biddeford Regional Center of Technology (COT) in the construction of energy-efficient modular homes. As mainelymediallc informs MHProNews,upon completion the homes are sold by the club and the revenues are returned to the school …

Rotary Club Partners with School to Build Modular Homes, Do Rehab Read More

Chicago Fed Head Seeks to Put Brakes on Rate Hike

Chicago Federal Reserve President Charles Evans, noting “the outlook for inflation remains too low,” said inflation does not currently have enough upward momentum to justify raising interest rates before some time next year. He added rate increases should be very gradual after the initial increase, as reuters informs MHProNews. Speaking …

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Insider Trading at Cavco following Stock Spike

MHProNews has learned from insidertradingreport that the president of Fleetwood Homes division of Cavco Industries, Inc. (CVCO), Charles E. Lott, sold 1,516 shares of Cavco stock on Nov 6, 2015, as reported to the Securities and Exchange Commission. The shares were sold at $95.25 for a total value of $144,399.00. …

Insider Trading at Cavco following Stock Spike Read More

City Council Seeking MHC Closure Ordinance

The Yucaipa (California) City Council, after visiting several deteriorating manufactured home communities, is considering passing an ordinance to make it easier for community owners to convert their property to a different use. If the community owner wants to develop their property, the ordinance would give pre-approval zoning and a “mobile …

City Council Seeking MHC Closure Ordinance Read More

Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015

What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing, …

Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More

Site Set for 40 Manufactured Homes in Wildfire Area

Following the continuing saga of survivors of the Butte and Valley wildfires in Northern California as MHProNews last posted Oct. 23, 2015, record-bee reports the Federal Emergency Management Agency (FEMA) has identified the Clearlake Resort and Campground near Lakeport as a site that will accommodate 40 manufactured homes. Another location …

Site Set for 40 Manufactured Homes in Wildfire Area Read More

Nathan Smith Tapped to serve on Airport Board

Kentucky Gov. Steve Beshear has chosen SSK Communities owner and co-founder Nathan Smith to serve on the reorganized 13-member Cincinnati/Northern Kentucky International Airport (CVG) board of directors. He is the only board member selected directly by the KY governor. The other members are nominated from the KY counties adjoining the …

Nathan Smith Tapped to serve on Airport Board Read More

Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015

What’s New in public focused Manufactured HomeLivingNews.com Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home Robert Gann, Chet Murphree, Deer Valley Homebuilders, Guin AL – Inside MH Video Tours What’s New in Manufactured Housing Industry Professional News Quarter financials spike Cavco’s stock. MHARR, MHI respond …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015 Read More

Co-op Residents get Assist from Software to Operate Communities

Manufactured home communities (MHC) play an important role in meeting the need for affordable housing across the U. S., reports usda.gov. If they become a cooperative, the residents have a major responsibility to govern and manage their ownership rights, reports John McNamara, a Cooperative Development Specialist with the Northwest Cooperative …

Co-op Residents get Assist from Software to Operate Communities Read More

MH Industry Perturbed by NY State Administrative Agency Position

Prior to the opening of the NY Housing Association’s 65th annual meeting, manufactured housing industry circles took a bit of umbrage at the remarks of George Moorehouse, a NY Code Enforcement Official who allegedly said “In ten years there will be no more new manufactured housing placed in the state …

MH Industry Perturbed by NY State Administrative Agency Position Read More

Sunday Morning Recap-Manufactured Housing Industry News Oct. 18-Oct. 25, 2015

What’s New in public focused Manufactured HomeLivingNews.com Retired Realtor ® and Conventional Housing Pro on Why they Bought a Manufactured Home Comparing Quality to Quality – Conventional On-Site Building vs. Manufactured Homes What’s New in Manufactured Housing Industry Professional News “Duty to Serve” Rule Planned by FHFA, as cost of …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 18-Oct. 25, 2015 Read More

Manufactured Homes Arrive for Wildfire Survivors

MHProNews has learned from the Federal Emergency Management Agency (FEMA) that one of the first seven manufactured homes to house survivors of the Butte and Valley wildfires will be available for media members to tour on Friday, Oct. 23 at McClellan Park in McClellan, California. Being installed by the state’s …

Manufactured Homes Arrive for Wildfire Survivors Read More

Passages: Dick Lance

A 40-year veteran of the manufactured home industry, serving most recently before his retirement as general manager of Friendship Homes of Montevideo, Minnesota, Dick Lance passed away at age 82 in Fergus Falls, MN Oct. 20. An inductee into the Hall of Fame of the Manufactured and Modular Home Association …

Passages: Dick Lance Read More

Residents React to New rules for Manufactured Home Community

Intense sparring erupted at a meeting between residents of The Grove Manufactured Home Community and the MHC owner, Todd Green, of Hillsboro Properties, over new rules for the community, located in Modesto, California. to take effect May, 2016. Several residents said some of the rules are vague and open the …

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Ohio MHA Succeeds in Removing Objectionable Legislative Language

On May 14, 2015 MHProNews reported Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation that would require a manufactured home community owner to escrow 15 percent of the cost to update a water system if …

Ohio MHA Succeeds in Removing Objectionable Legislative Language Read More

Modular Homes Challenged in Cape Coral, Florida

A group opposing modular homes in Cape Coral, Florida, intends to state its opposition at the city council meeting, according to what fort-myers-beach-observer tells MHProNews, alleging that the lower cost and energy efficient homes will reduce the value of neighboring homes. Council member Richard Leon wants the state to allow …

Modular Homes Challenged in Cape Coral, Florida Read More

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