Many cities face a real challenge to remain affordable in the future. They’ve become so attractive as places to live and invest in that they no longer offer basic, decent housing for normal people. Increasingly, they look like preserves of the wealthy and privileged. If trends continue, cities like San …
Tiny Modular Housing For Cities Where Most Housing Is Too Expensive Read More
Real Estate Journals tell MHProNews that Marcus & Millichap closed the sale of a 400-site all-age manufactured home community in Eastern Michigan. The $15.2 million sales price comes out to $37,865 per space. Jonathon McClellan, vice president of investments, and Kyle Baskin, associate vice president of investments, both in Marcus …
Green Courte Partners, LLC, Lake Forest, Illinois, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, on March 2 announced the appointments of several new officers to serve in the company. Two of the officers have previously served in the management of …
The Arizona Republic tells MHProNews that the number of houses in the Phoenix East Valley area under contract to sell started to surge in early February, according to a special report from Arizona State University’s W.P. Carey School of Business. The East Valley is a growing area of the Greater …
Increased Home Sales Indicate Millennials Are Awakening Read More
Joe Porter of Forkston Township, Pennsylvania, had his own preconceived ideas concerning the value of modular homes. In the summer of 2013, he wanted to build a new home at an affordable cost. However, he was skeptical that building a modular would save time and money. “I thought a modular …
MHCV values went down 0.71% today. In the stocks we track, there were a few modest gains for some and others went down. Leaders on the positive list are: NOBH 1.52%, CVCO 1.41%, UMH 1.27%, and ELS 1.08%. According to the Wall Street Journal, Nasdaq partied like it’s 2000, …
U.S. Stocks Rose Monday; MHCV Stocks Dipped Slightly Read More
The owner of a Moscow, Idaho, manufactured home community must pay damages to residents who went more than 90 days without potable drinking water. The Lewiston Tribune tells MHProNews that roughly 140 residents filed a class-action lawsuit last year against Magar E. Magar, owner of the Syringa Mobile Home Park. …
Idaho MH Community Owner Ordered to Pay Residents Who Lacked Water Read More
A few days ago, a Dallas Morning News reporter traveled to Florida to research manufactured home communities located there. He showed great wisdom in the timing of this event as ice, sleet, and snow enveloped the North Texas area probably about the same time his plane left the runway. Dallas is a long …
Residents of the Deer Ridge Mobile Home Park in Augusta, Maine, purchased their community on February 10, joining more than 160 similar cooperatives across the country. Most of the residents of Deer Ridge will tell you their 13-unit community is not in the best shape. Their road has potholes and the …
Residents Buy Deer Ridge Mobile Home Park in Maine Read More
In a recent election, 75% of the voters approved a conservation mandate that many fear will reduce the amount of funding available for affordable housing. Budget experts say the first year cut will be $112 million. It all depends on the consensus Florida lawmakers reach in the next 60 days. …
Funding for Affordable Housing in Florida Is Threatened Read More
Long-time manufactured home community owner Frank Rolfe says that it comes as no surprise that manufactured home communities are finally receiving the type of respect they deserved years ago. “Because of the ridiculous stereotype the media created for ‘trailer park’ residents, many professional investors avoided this asset class altogether,” he …
Wall Street Is Waking Up to the Value of Manufactured Home Communities Read More
Lots of news this week about manufactured home communities. Some large communities have changed hands, while residents in other communities are moving out to make way for new condos or commercial developments. It seems there is a lot of development taking place all over the country, but particularly in Texas, …
Sunday Morning Recap – February 22, 2015 to February 28, 2015 Read More
Park Street Partners, Ladera Ranch, California, recently announced the acquisition of the Broken Arrow Estates Mobile Home Park in Broken Arrow, Oklahoma, in the Tulsa metro area. This is the fifth manufactured home community acquired for this private equity investment firm. PR Web tells MHProNews that Brad Johnson, Co-Founder of …
California Investment Firm Buys Tulsa MH Community Read More
Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe, Arizona, recently sold for $23,850,000, which equates to $66,435 per space at a 6.25 percent cap with a 43.75 percent expense load or $3,232 in expenses per site. Arizona Commercial Real Estate Magazine tells MHProNews that the …
Arizona Manufactured Home Community Sells for $23.85M Read More
So, what’s a patent troll? These are individuals and / or companies that buy patents for products they didn’t invent or manufacture, and then file lawsuits against those using them in an attempt for a pay-out. They file lawsuits against small businesses that lack the resources to fight false patent …
MHCV values went down 1.28% today. In the stocks we track, most went down. There were a few minute gains as evidenced in the list below. USA Today tells MHProNews that stocks fell Friday as the Nasdaq failed to hit the 5000 mark again, but markets still managed to post …
U.S. Stocks fell Friday but have best month since Oct. 2011; MHCV Stocks Dip Slightly Read More
The increased need for affordable housing in today’s market along with concern about the present economic climate is influencing consumers to be wary of spending heavily on site-built homes. These conditions lead to increased consumer preference for houses that can be built quickly with cost efficiency, and factory-built homes can …
Latest GIA Reports Show Consumer Preference for Factory-Built Homes Read More
In various areas of the country where oil and gas development is booming, serious housing shortages can occur. Workers often have difficulty in finding affordable and acceptable housing arrangements. This has certainly been the situation in the Marcellus and Utica Shale areas of Pennsylvania where housing has become limited and …
UMH Communities Showcased, Affordable Solutions in Oil and Gas Boom Areas Read More
Equity Lifestyle Properties, Inc. (NYSE:ELS) issued an update on its first quarter earnings guidance on February 24. American Banking News tells MHProNews that ELS provided earnings per share guidance of $0.78-0.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76. ELS also updated its FY15 …
Equity Lifestyle Properties, Inc. Updates Q1 Earnings Guidance Read More
Although there has been a lot of talk in the news lately about Millennials delaying marriage, kids and home ownership, research shows that home ownership still remains a goal for the vast majority of American renters. The Sioux City Journal tells MHProNews that a recent survey by Freddie Mac revealed …
