Author name: MHProNews

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Manufactured Home Community Tangled in Legal Issues, Resident AG Complaints

By / / Communities, Company News, Legal, Manufactured Homes, mobile home, People

The manufactured home community in Robinson Township, Pennsylvania remains in legal limbo between its owners and the final residents remaining on the property, which is moving towards closure. Channel 11 News shared its investigation of Twin Circle Mobile Home Park with MHProNews, where only a handful of residents remain.  Residents state that […]

Manufactured Home Community Tangled in Legal Issues, Resident AG Complaints Read More

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Cavco continues to lead as Manufactured Housing Composite Value (MHCV) best the broader markets, posting gain

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

MarketWatch informed MHProNews that the Dow industrials hit an intraday record of 18,638.14. U.S. stocks post modest weekly gains, while Nasdaq hits record. Jump in oil prices causes U.S. stocks to climb to all time highs – assisted by lower jobless claim figures.  The Dow and S&P 500 closed the

Cavco continues to lead as Manufactured Housing Composite Value (MHCV) best the broader markets, posting gain Read More

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Discrimination? Was a Limited MH Loan Approval Legal? MHProNews Investigates

By / / Business, Factory-Built Homes, Finance, Legal, regulation

A manufactured home retailer recently contacted MHProNews on condition of anonymity, with a very specific concern about the validity of a loan approval. The loan in question was made with restrictions by the lender on a manufactured home (MH) shopper. The applicant reportedly was a senior citizen, the consumer was

Discrimination? Was a Limited MH Loan Approval Legal? MHProNews Investigates Read More

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Cavco Industries biggest gainer as Manufactured Housing CV climbs

By / / Business, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Stocks

All three major stock indexes close at records for first time since 1999, as MarketWatch revealed to MHProNews. Treasury yields jump the most in a week, as stocks hit new records. HSBC advises investors to look where companies make their revenue. Reports reveals that certain REIT stocks are suffering from fear

Cavco Industries biggest gainer as Manufactured Housing CV climbs Read More

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Cavco Industries, Second Largest Producer of Manufactured and Modular Homes, Reports Quarterly Results

By / / Announcements, Business, Company News, Factory-Built Homes, Finance, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

Phoenix, Arizona based Cavco Industries, Inc. (NASDAQ:CVCO) released key figures and financial highlights for the first fiscal quarter, which ended July 2, 2016. Cavco management followed their August 09, 2016 release of SEC reported filings with a conference call to discuss the results in further detail.  Key points released by

Cavco Industries, Second Largest Producer of Manufactured and Modular Homes, Reports Quarterly Results Read More

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RV/MH Hall of Fame Releases Expansion Plans for Northern Indiana Event Center

By / / Company News, Economy, Factory-Built Homes, Manufactured Homes, RV

The Elkhart, IN based RV/MH Hall of Fame has released more details this week about their plans for their Northern Indiana Event Center, Inside Indiana Business tells MHProNews. RV/MH Hall of Fame staff projects they will triple the available space, to take advantage of the lucrative event-planning market. Darryl Searer,

RV/MH Hall of Fame Releases Expansion Plans for Northern Indiana Event Center Read More

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Nobility Homes rising, The Carlyle Group slips and Manufactured Housing CV dips

By / / Business, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Stocks ended slightly lower, MarketWatch informs MHProNews, dragged by slumping oil prices, while Treasury yields post the largest 2-day decline in a month. The 2016 Presidential Elections are being blamed for a slow down in sales. The dollar weakens, as investors bet the Fed won’t hike rates in 2016. Meanwhile

Nobility Homes rising, The Carlyle Group slips and Manufactured Housing CV dips Read More

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Drew’s Q2 – Dividends and Insider Trading

By / / Business, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

Elkhart, Indiana based Drew Industries (NYSE:DW), a leading supplier of RV and manufactured housing industries components, has announced their second quarter results. According to their August 9th, 2016 SEC filing by Chief Financial Office (CFO) David Smith, their Board of Directors approved a regular quarterly cash dividend of $0.30 per

Drew’s Q2 – Dividends and Insider Trading Read More

Management Group Increases Holdings in Equity LifeStyle Properties (ELS)

By / / Business, Communities, Manufactured Homes, Stocks

Schroder Investment Management Group acquired an additional $2,017,000 worth of Equity LifeStyle Properties (ELS) shares for the quarter ending July 30th, 2016. Finance Daily tells MHProNews that the purchase results in a 2.2% increase over its previous holdings in the REIT (NYSE: ELS) bringing total investment figures up to $15,875,000.

Management Group Increases Holdings in Equity LifeStyle Properties (ELS) Read More

Mainstream newspaper shares the love for MH, compares favorably to trendy Tiny Houses

By / / Business, Factory-Built Homes, home buyers, Manufactured Homes, regulation, tiny house, Zoning

Jim Weiker at the Columbus Dispatch recently told MHLivingNews about their take on the growing popularity of “Tiny Houses,” and compared them to the manufactured home (MH) market. Factory-built home industry professionals have been aware for years of the trend.  Some – like Fairmont’s President Brian Cira – have wondered

Mainstream newspaper shares the love for MH, compares favorably to trendy Tiny Houses Read More

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UMH leads gainers, Skyline slips as MHCV trails the broader markets

By / / Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Manufactured and Modular Housing News, Manufactured Homes, Stocks, Trends

MarketWatch informs MHProNews that Treasury yields are drifting lower as summer trading cools. The dollar weakens as domestic productivity falls for 3rd month. Oil prices are said to be heading towards $30 a barrel. Gasoline prices may fall below $2 a gallon nationwide before year-end. Gold closes higher to end

UMH leads gainers, Skyline slips as MHCV trails the broader markets Read More

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UMH Properties Q2 Conference Call Reveals a Winning Strategy in Manufactured Home Communities sector

By / / Business, Communities, Finance, Manufactured and Modular Housing News, Manufactured Homes, People, Stocks

MHProNews was privy to the August 5th conference call conducted by UMH Properties, Inc. Participants included corporate management, members from UMH’s Board, as well as analysts, advisors and investors familiar with the community and retail segments of the MH Industry. Nelli Madden, Director of Investor Relations hosted the call, as key

UMH Properties Q2 Conference Call Reveals a Winning Strategy in Manufactured Home Communities sector Read More

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Skyline 4Q Leaps Skyward, MH Composite Index rallies despite Dow’s slide

By / / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MarketWatch  informs MHProNews  that the Fed’s job-market index has the first gain of year in July. Consumer spending and income expectations rise. Wal-Mart announces $3.3 billion acquisition of Jet.com. Dow tripped downward, as did the S&P 500 and the NASDAQ. The Dow Jones Industrial Average receded -0.08 percent with a loss of -14.24

Skyline 4Q Leaps Skyward, MH Composite Index rallies despite Dow’s slide Read More

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An American August in MHVille – New Feature Articles Alert

By / / Announcements, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular

The new featured articles for MHProNews  will begin to go live later today, on August 1. Because of the size of this issue, new articles will continue to be added to the featured articles module until completed, which is expected to be August 2, 2016. A new Cup of Coffee with…

An American August in MHVille – New Feature Articles Alert Read More

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Hedge Funds Trading in Shares of Sun Communities

By / / Business, Canada, Communities, Company News, Factory-Built Homes, Manufactured Homes, mobile home, Trends

MHProNews has learned from fidaily that GW&K Investment Management LLC purchased 15,805 shares of common stock of manufactured home community owner, Sun Communities, Inc. (NYSE:SUI) for the quarter ending June 30, 2016, increasing its stake to 2.3 percent.  According to the filing with the Securities and Exchange Commission (SEC), GW&K’s investment is now

Hedge Funds Trading in Shares of Sun Communities Read More

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Newby Management considered for Fort Meade’s MH Community

By / / Announcements, Business, Communities, Manufactured Homes, regulation

Mayor Jim Watts of Fort Meade, Florida was surprised when only one management firm responded to a request to operate the city’s manufactured home community, theLedger tells MHProNews.  Newby Management was the only respondent.    While the city has managed the 250-home site MHC over the years, city commissioners thought

Newby Management considered for Fort Meade’s MH Community Read More

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Revolution Pre-Crafted Properties launched Classy Modular Homes for Masses

By / / Manufactured and Modular Housing News

Filipino real estate developer “Robbie Antonio defines the art of living by living with art,” writes Keren Blankfeld in Forbes. Antonio launched Revolution Pre-crafted Properties with the aim of offering designer class to his nation’s middle class. “I want the homes to be perceived as art pieces,” Antonio says of

Revolution Pre-Crafted Properties launched Classy Modular Homes for Masses Read More

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Manufactured Housing Composite Value passes 1525, but Investors Keep selling

By / / Business, Company News, Economy, Finance, Manufactured and Modular Housing News

Marketwatch’s Joseph Adinolfi points out that as new highs are hit on the Dow, that investors have actually been selling for months. “Investors have pulled the equivalent of $133 billion from global equity funds so far this year, according to a weekly fund flows report from Bank of America Merrill

Manufactured Housing Composite Value passes 1525, but Investors Keep selling Read More

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