Business

Dow Falls -163 Points, Most Tracked Manufactured Housing Stocks also Drop

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: New home sales fall. Dunkin’ Donuts CEO says $15 minimum wage is outrageous. Anthem Healthcare to acquire Cigna following Aetna’s acquisition of Humana, covering a total of 86 million members. Gates Foundation’s $200 million resulting in malaria vaccine. Meanwhile, the Yahoo Manufactured Housing Composite Value […]

Dow Falls -163 Points, Most Tracked Manufactured Housing Stocks also Drop Read More

Modular Workforce Housing Planned for Southwest Louisiana

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

A variance request by Ridge Park LLC to allow for the placement of 28 modified shipping containers for worker housing was passed by the Calcasieu Parish Planning and Zoning Board in Louisiana. The property had been re-re-zoned in 2013 from Agricultural and Mixed Residential to R-MHP — Manufactured Home Park,

Modular Workforce Housing Planned for Southwest Louisiana Read More

UMH Properties Set to Release Q2 Financials Aug. 7

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

Real estate investment trust (REIT) and manufactured home community (MHC) owner UMH Properties, Inc. will host its Q2 2015 financial results webcast and conference call on Friday, August 7, at 10:00 AM EST. Senior management will be on hand to discuss the results as well as current market conditions and

UMH Properties Set to Release Q2 Financials Aug. 7 Read More

Capital One Arranges $14 Million Fannie Mae Loan

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

MHProNews has learned from Capital One that the company has arranged a $14 million Fannie Mae fixed-rate loan to refinance Rincon Country Mobile Home Park in Tucson, Arizona. Damon Reed, Senior Vice President and Capital One’s Director of MHC (manufactured housing community) Finance arranged the transaction to retire existing higher-rate

Capital One Arranges $14 Million Fannie Mae Loan Read More

Drew Industries to Release Second Quarter Financials

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from marketwatch that Elkhart, Indiana-based Drew Industries, Inc., (NYSE:DW) will release its Q2 2015 financials before the market opens on Tuesday, Aug. 4, 2015, to be followed by a conference call later that same morning at 11 AM EST to discuss the results and other business matters.

Drew Industries to Release Second Quarter Financials Read More

Deer Valley Corp. Jumped +10.25 percent while Most All Tracked Stocks Fell

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Harley Davidson recalling 185,000 motorcycles. Gold has fallen to its lowest point in five years, down more than 40% since 2011. Donald Trump earned $600,000 from the storied Central Park Carousel in NYC’s Central Park. In latest J. D. Power survey Chevrolet Corvette beats Porsche

Deer Valley Corp. Jumped +10.25 percent while Most All Tracked Stocks Fell Read More

Home Sales Rise to Best Rate in Eight Years

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Existing home sales increased 3.2% to a seasonally adjusted annual rate of 5.49 million in June, according to usatoday, selling at the fastest rate in eight years. Chief Economist for the National Association of Realtors (NAR), Lawrence Yun says “Buyers have come back in force, leading to the strongest past

Home Sales Rise to Best Rate in Eight Years Read More

Capital One Arranges Purchase of CA Manufactured Home Community

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

According to abladvisor, Capital One has provided a $4.6 million fixed-rate loan for a repeat client to acquire Ocean West, a 127-unit, age-restricted manufactured home community (MHC) in McKinleyville, California. Built in 1979 and renovated in 1986, the property is located less than a mile from the Pacific Ocean, and

Capital One Arranges Purchase of CA Manufactured Home Community Read More

Orders for Keiser’s Modular Homes will be Built at a Sister Plant

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

Following a story MHProNews last posted July 20, 2015 regarding the fire that has temporarily halted production at Keiser Homes in Oxford, Maine, sunjournal reports unfinished orders will be completed at one of the parent companies plants in Pennsylvania. While employees at the plant continued to ship homes to customers,

Orders for Keiser’s Modular Homes will be Built at a Sister Plant Read More

Gendell Unloads More Patrick Stock for $1.48 Million

By / / Business, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

In a pattern that MHPronews has reported at least five times going back to Nov. 7, 2014, dakotafinancialnews reports Patrick Industries (NASDAQ:PATK) major stockholder Jeffrey Gendell has unloaded another mass of stock, this time 37,901 shares in a transaction dated Friday, July 17, 2015. According to the Securities and Exchange

Gendell Unloads More Patrick Stock for $1.48 Million Read More

Manufactured Home Community in Florida Sells for $6.4 Million

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

Marcus & Millichap (M&M) has informed MHProNews of the sale of a 135+ home site manufactured home community (MHC) near Tarpon Springs, Florida for $6,400,000. The age-restricted community is situated on 15.37 acres, according to Richard D. Matricaria, regional manager of the firm’s Tampa office, and includes a 2,500 acre

Manufactured Home Community in Florida Sells for $6.4 Million Read More

PSP Seeks Manufactured Home Communities to Provide Affordable Housing

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

Park Street Partners (PSP) of Ladera Ranch, California informs MHProNews it has purchased Desert Trails Mobile Home Park in Green River, Wyoming, marking its seventh manufactured home community (MHC), but its first acquisition of the year, according to pressreleaserocket. Noting the community’s occupancy increased during the closing period, co-founder of

PSP Seeks Manufactured Home Communities to Provide Affordable Housing Read More

MHCV Edges Up, NASDAQ Slips, Existing Home Sales Rose 3.2 % in June

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Apple stock fell five percent in today’s trading, following an eight percent drop yesterday because it sold “only” 47.5 million iPhones last quarter. IBM investors are singing the blues. Fast food workers in the U. S. total 3,131,390, one percent of the population. Meanwhile, the

MHCV Edges Up, NASDAQ Slips, Existing Home Sales Rose 3.2 % in June Read More

Elko Band Native Americans Break Ground for New Manufactured Homes

By / / Business, Communities, home buyers, Manufactured and Modular Housing News, Manufactured Homes

A $700,000 U. S. Department of Housing & Urban Development (HUD) Indian Community Development Block Grant will provide seven new one-and two-bedroom manufactured homes for the Elko Band Colony Native Americans in Elko, Nevada, according to elkodaily, as tribal members and staff break ground for the homes. The HUD grant

Elko Band Native Americans Break Ground for New Manufactured Homes Read More

Texas City Reverses Decision, Votes to Allow Manufactured Housing

By / / Business, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Following up on a post MHProNews wrote July 13, 2015, regarding the Huntsville, Texas, City Council’s vote to prohibit the new siting of manufactured homes within the city limits, D. J. Pendleton, Executive Director of the Texas Manufactured Housing Association (TMHA), informs MHProNews the city council reversed its decision. The

Texas City Reverses Decision, Votes to Allow Manufactured Housing Read More

War of Words? DC’s The Hill Congressional Blog on Manufactured Housing Finance Reform

By / / Advocacy, Business, Finance, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

While the Corporation for Enterprise Development’s (CFED) Doug Ryan nominally supports manufactured homes (MH) as affordable housing for low income consumers, his response to The Hill  about Rep. Steve Fincher’s call to ease the regulatory burdens on prospective purchasers of MH demonstrably misses the mark. As MHProNews and MHLivingNews publisher L.

War of Words? DC’s The Hill Congressional Blog on Manufactured Housing Finance Reform Read More

Deer Valley Falls -11.11%, as Most Tracked Manufactured Housing Stocks Slip

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Move to Panama and retire, beachfront, on $25,600 a year. Falling prices of gold, oil, aluminum and copper raise concerns about global market. The NFL brought in $12 billion last year, a big jump from the $10.5 billion the previous years. Apple stock falls eight

Deer Valley Falls -11.11%, as Most Tracked Manufactured Housing Stocks Slip Read More

Equity LifeStyle Properties Beats Analysts Expectations in Q2

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

MHProNews has learned from uknewsyahoo that Equity LifeStyle Properties (ELS) reported for the second quarter 2015 it posted funds from operations (FFO) of $64.5 million or $0.70 per share, beating the average estimate of Zacks Investment Research analysts by $0.02 per share. A closely watched measure in the real estate

Equity LifeStyle Properties Beats Analysts Expectations in Q2 Read More

Factory-Built Homes—the New Cool

By / / Business, Communities, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, Trends

As the housing recovery sputters along from the Great Recession, trying to overcome the lowest percentage of homeownership in 20 years (63%), even with the aid of artificially maintained low interest rates, people are moving away from the McMansions with their high maintenance and trophy appearance, and paying more attention

Factory-Built Homes—the New Cool Read More

Keiser Homes Fire did not Damage Main Structure, Electrical or New Homes

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

Following a story MHProNews reported Friday, July17 regarding a fire at modular builder Keiser Homes in Oxford Maine, sunjournal reports the fire was contained to a lean-to where where wood was stored, destroying most of the wood and the structure, but did not affect the main building, the electrical system

Keiser Homes Fire did not Damage Main Structure, Electrical or New Homes Read More

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates