According to cnnmoney, UMH Properties, Inc. (NYSE:UMH) reports the board of directors has declared a quarterly dividend on the company’s common stock of $0.18 per share payable March 15, 2016 to shareholders of record as of Feb. 16, 2016. In addition, the board declared a quarterly dividend of $0.515625 per […]
UMH Declares Dividends on Preferred and Common Stocks Read More
In the news from CNNMoney: Mexican peso drops to lowest value ever versus the dollar. Barclays employs 51 % women, 49 % men. AmEx stock down 20% this year, nearly 25% last year. Oil spikes 23% in two days to $32/bbl, spurring the stock market, while oil company defaults are
Carlyle Posts Largest Advance; Dow Moves back above 16k Read More
For the second time in two years, owners of the Bon Ayre manufactured home community (MHC) in Smyrna, Delaware have violated the state’s Rent Justification Act by raising rents beyond the federal consumer price index, without giving a valid reason for the above average increase. Kent County Superior Court Judge
Manufactured Home Community Owner Challenges Rent Control Read More
The National Association of Home Builders (NAHB) reports housing starts fell 2.5 percent in Dec., 2015 to a seasonally-adjusted annual rate (SAAR) of 1.15 million homes, following an upswing in Nov. of 10.1 percent, according to charlotteobserver. Over the year, housing starts had their best showing since 2007, advancing 10.8
Dec. Housing Starts, Permits Fall, but Up for 2015 Read More
In the news from CNNMoney: Walmart fired striking workers unlawfully. Generator stock skyrockets on news of coming blizzard. Saudi Arabia says it can handle low oil prices. Lower oil prices cost the U. S. 150,000 jobs in 2015, as well as 81 oil and oilfield bankruptcies, with many more expected.
Carlyle Posts Largest Advance, Skyline the Largest Loss Read More
Columbia Wanger Asset Management LLC reduced its holdings in factory-built home producer Cavco Industries, Inc. by -27.41 percent, or 702,685 shares, reports fdanewsalert. According to the most recent Security and Exchange Commission filing, 84 investors own Cavco, accounting for 9,213,425 shares. Ten investors opened new Cavco stakes while 29 existing
Investor reduces Position in Cavco Read More
According to The Wall Street Journal, the National Association of Home Builders (NAHB) reports the gauge of home builder sentiment in the U. S. remained at 60 from December, where any number above 50 indicates builders are positive about the single-family home market. Economists who were surveyed by wsj anticipated
Home Builder Sentiment Remains Steady at 60 Read More
Show Ways Unlimited, show management for the Midwest Manufactured Housing Federation (MMHF) that puts on the Louisville Manufactured Housing Trade Show has informed MHProNews that Friday has been canceled due to inclement weather. As much as a foot of snow is forecast for Friday, and neighboring parts of the nation
Thursday will be last day for 2016 Louisville Manufactured Housing Trade Show Read More
MHProNews has learned from equitiesfocus that Sun Communities, Inc. distributed a dividend of $0.65 per share to its shareholders of record as of Dec. 31, 2015. The payout date was Jan. 15, 2016, and was the same amount as the dividend last year. Earnings per share (EPS) one year ago
Sun Communities Distributes Dividend Read More
In the news from CNNMoney: ISIS cuts its fighters pay in half. China records slowest economic growth in 25 years. Seinfeld selling Porsche 550, same as James Dean died in for $5-6M. Tiffany’s cutting work force following disappointing sales, reflecting a story MHProNews posted Jan.18, documenting a slippery economy. Over
MHCV, Dow, Carlyle Inch Up Read More
While terms of the acquisition were not disclosed, Zeman Homes, Inc. has informed MHProNews it has acquired four manufactured home communities (MHC) in the greater Detroit metropolitan area. All age communities Wagon Wheel, Wagon Wheel South, Carleton and Oak Haven have added 749 home sites to Zeman’s portfolio of MHCs,
Zeman adds four Manufactured Home Communities to Portfolio Read More
Retail sales on the year fell to their lowest pace since 2009, climbing only 2.1 percent for the year, the smallest gain since the Great Recession ended, raising concerns about consumer spending going into 2016. As bloomberg informs MHProNews the 0.1 percent drop in Dec., 2015 followed a gain of
What does collapsing Walmart, other retail sales mean for Manufactured Housing? Read More
Continuing to follow the saga of the Dublin, Ireland, City Council’s attempts to site 500 modular homes to house homeless families in several different areas of the city, as MHProNews last reported Jan. 11, 2016, residents of Belcamp, Coolock are opposing plans to site 38 of the units in their
Another Irish Neighborhood Leery of Modular Homes for the Homeless Read More
The agenda for the Buncombe County Board of Commissioner’s (North Carolina) retreat scheduled for Tue., Jan 19 includes planning this year’s goals and reviewing progress made on goals from last year reports mountainx. Held in the county building in Asheville, increasing affordable housing was on the agenda last year and
Allowing Manufactured Homes in all parts of County being Considered Read More
Following a story MHProNews posted Sat., Jan 16 regarding the investment in the manufactured home community (MHC) Pacific Skies Estates in Pacifica, Calif., by the Carlyle Group and subsequent upgrading, smdailyjournal reports the owners and the California Coastal Commission are at odds over whether the work requires a Coastal Development
Coastal Commission, City of Pacifica Disagree about Permit Read More
Following a story MHProNews wrote about developer Urban Splash building 43 modular homes at New Islington, Manchester, in the UK, on Jan. 5, 2016, the Salford City Council, a borough of Greater Manchester, is expected to approve the construction of 71 modular terraced homes. In addition, the project calls for
Urban Splash Building More Modular Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Bad and Good – Two Sides – Manufactured Home Living and News Reporting What’s New in Manufactured Housing Industry Professional News Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter
Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016 Read More
MHProNews published a story Sept. 22, 2015 regarding private equity firm The Carlyle Group’s collaboration with Pacific Skies Estates, a 93 site manufactured home community (MHC) on the Pacific, and investing $42 million to upgrade the community with new, high-end MH that will be rented. The plan includes building a
Carlyle Group is one Resident Away from Updating Coastal MHC in CA Read More
For over a year Madison Township officials have wanted to put Hidden River South manufactured home community (MHC) in Adrian, Michigan on one master water/sewer meter, but because the management has not been responsive, township officials are considering a condemnation order to install the meter. When the community was built
Township Set to Impose Master Meter System on Manufactured Home Community Read More
Eight investor-owned utilities in Southern California participating in a program to upgrade old and defective gas pipelines and electric power lines in manufactured homes will pass on the costs to their ratepayers to cover the program. Many of the systems have not been upgraded in decades. Part of the impetus
Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers Read More
