For many years rural housing issues have been to the housing market what middle America has been to the east and west coasts—the flyover zone. Eighty percent of U. S. land is rural comprising just 20 percent of the population, says CoreLogic‘s Faith Schwartz, adding that rural housing is “a …
Following a post MHProNews last covered Dec. 17, 2015 regarding Spruceland Properties, Inc.’s disposition of its assets, as of June 1, 2016 it has finalized the sale of its two manufactured home communities for $40.6 million. Jubilee Landing in Sherwood Park, Alberta, and Willow Park Estates in Leduc, Alberta went …
Spruceland of Canada now Divested of its Two Manufactured Home Communities Read More
UMH Properties, Inc. (NYSE:UMH) announces it will host three-time champion World Series pitcher Dwight “Doc” Gooden on June 18, 2016 at the manufactured home community owner’s Kinnebrook Estates in Monticello, New York. Gooden will sign fans’ sports memorabilia or a free photo of the storied pitcher that attendees will receive …
UMH Community Hosting Baseball Legend “Doc” Gooden ; UMH Chair to Present at NAREIT Read More
MHProNews has been notified by financialservices.house.gov that House Financial Services Committee Chairman Jeb Hensarling (R-TX), will outline the Republican plan for replacing the Dodd-Frank Act to stimulate economic growth in a speech to the Economic Club of New York on Tuesday, June 7. The meeting will be held at the …
Rep. Hensarling’s Talk will Lay Groundwork for Replacing Dodd-Frank Read More
The June 2016 Featured Articles for MHProNews are scheduled to go live on Thursday, June 2nd. The new issue will feature interviews, special reports, videos, financing, Fair Housing, Legal business building and that compliment our industry leading array of topics and issues that impact your bottom line. Its the Industry …
June Featured Articles Scheduled to Go Live Thursday Read More
In an attempt to revitalize Minneapolis’ North Side which is plagued with crime, high unemployment and boarded-up housing, the largest black-owned business in Minnesota is moving its headquarters to the area. It intends to establish a new company that will sell and site modular homes as infill for some of …
Minority-owned Builder Plans Modular Homes as Infill in Minneapolis Read More
What’s New in public focused Manufactured HomeLivingNews.com NeighborWorks, Clayton Homes Partner with Next Step Homes in Waco, Texas How a Professional Couple saved $100,000 on a New Home in Tennessee What’s New in Manufactured Housing Industry Professional News MH Communities closing in Minnesota, New York. Cavco stock closes above $100. …
Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016 Read More
The one-time site of a manufactured home community in Caversham, United Kingdom will soon see 28 modular homes for homeless families, as MHProNews has learned from getreading.co.uk. The goal of the Reading Borough Council is to address the chronic lack of temporary housing in the borough and reduce the use …
Former MH Community Property will Host Modular Homes for Homeless Read More
According to streetinsider, Drew Industries, Inc. (NYSE:DW) has declared a quarterly dividend of $0.30 per share, or $1.20 annually. To stockholders of record on June 6, 2016 the dividend will be payable June 17, 2016. The ex-dividend is set for June 2, 2012. Annual yield on the dividend is 1.6 …
MHProNews has learned from globenewswire that manufactured and modular home producer Cavco Industries, Inc. will release its financials for the fourth quarter of fiscal year 2016 on Thurs., May 26, 2016, after the close of the market. On Fri., May 27, 2016, at 1 PM eastern daylight time, senior management …
Cavco Industries Releasing Quarterly Numbers May 26 Read More
Four Latino families have alleged that Waples Mobile Home Community and its management company, A. J. Dwoskin & Associates in Fairfax, Virginia, violated the Fair Housing Act, the Virginia Fair Housing Law and the Manufactured Home Lot Rental Agreement. They claim the community owners refused to renew the leases of …
VA MH Community Charged with Violating the Fair Housing Law Read More
Beginning in 1956, Lawrence “Larry” Lippert sold galvanized and aluminum roofing products to the manufactured housing industry, as tradeonlytoday tells MHProNews. Now celebrating its 60h birthday, Lippert is part of Drew Industries, Inc., which has grown into a billion dollar annual business today, producing and distributing component parts to the …
MHProNews has learned from streetinsider that Patrick Industries, Inc. has completed its acquisition of Cana Holdings, Inc., with its two facilities, one in Americus, Georgia and one in Elkhart, Indiana where Patrick is headquartered. Cana produces custom cabinetry, primarily supplying the manufactured housing industry as well as the residential, hospitality …
Everett and Regina Saunders, the owners of the Amberlite Mobile Home Park in Bloomingburg, New York, about 80 miles northwest of New York City, have sent a letter dated March 29 to the residents that the community will be sold July 29 for $960,000 to Amberlite LLC, and the new …
Manufactured Home Community in New York set to Close Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News MH Community adding 46 homes. Malibu manufactured home goes for $3.5 million. Oregon MHC sets new record. Oklahoma City has first modular hotel. Americans …
Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016 Read More
The Homestead Exemption Program that provides tax relief to homeowners who are either 65 and older or permanently disabled applies to both manufactured and site-built homes in Marion County, Ohio, as marionstar informs MHProNews. The home has to be the principal residence and the occupants must have an adjusted gross …
Manufactured Home Residents could Receive Property Tax Exemption. Read More
MHProNews has learned manufactured and modular housing builder Skyline Corp. will open a new factory in Elkhart, Indiana to produce affordable housing for markets in Indiana, Michigan and Illinois. “The opening of the Elkhart facility is in response to growing demand for our existing community partners,” said Skyline President and …
Skyline Corp. adding Manufacturing Plant in Elkhart, IN Read More
News continues arriving to MHProNews in the wake of modular builder Innovative Building Systems’ (IBS) sudden Chapter 7 bankruptcy, which we last covered May 16, 2016, as dailyitem reports 280 people at the Excel Homes plant in Liverpool, PA have lost their jobs, effective May 13. Begun in 1984, other …
Since 1969, the Federal Housing Administration’s (FHA) Title 1 program has insured mortgage loans made by private lending firms to finance the purchase of new or used manufactured homes (MH), designed to increase the availability of MH financing. In a draft of the Title I section of its Single Family …
Comment Period Open Regarding Title 1 FHA Handbook Read More
MHProNews has been informed by the RV/MH Heritage Foundation that Sally Miener has been chosen as vice president of marketing and development for the non-profit, according to CEO and president of the foundation, Darryl Searer. Miener has more than 24 years experience in a variety of management positions with Continental …
Sally Miener Joins RV/MH Heritage Foundation as Vice President Marketing Read More
