Manufactured and Modular Housing News

Sun Communities Closes on Acquisition of Centerbridge’s Carefree Communities Read More

Sun Communities Closes on Acquisition of Centerbridge’s Carefree Communities

By Matthew Silver / June 10, 2016 / Announcements, Business, Canada, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

Updating a story MHProNews last posted March 22, 2016 regarding the acquisition of Carefree Communities, Inc. from Centerbridge Capital Partners II, LP for $1.68 billion, Sun Communities, Inc. (NYSE:SUI) announces it has closed on the transaction. Sun issued Centerbridge $225 million in shares of common stock priced at $67.57 per

Ala. City Ordinance Limits Siting of Manufactured Homes Read More

Ala. City Ordinance Limits Siting of Manufactured Homes

By Matthew Silver / June 10, 2016 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

The Courtland (Alabama) City Council’s proposed zoning ordinance limits the siting of manufactured homes (MH) to the R-1 district, and prohibits manufactured home communities from siting within the city limits, as moultonadvertiser informs MHProNews. MH are also prohibited from being sited in the Historic District. Pre-existing MH within the city

Cavco, Patrick Industries Generating Big Money interest in Stocks Read More

Cavco, Patrick Industries Generating Big Money interest in Stocks

By Matthew Silver / June 10, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

A recent filing with the Securities and Exchange Commission indicates that Martin Whitman’s Third Avenue Management owns 5.39 percent of the outstanding common stock of Cavco Industries, Inc. (NASDAQ:CVCO), 481,575 total shares, representing a decrease from the 729,734 shares owned as of March 31, 2016. As insisdermonkey tells MHProNews, Cavco

Covered MH-related Stocks all Drop Except Sun Communities

By Matthew Silver / June 10, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Despite Dow drop of 120 points today, it’s up 0.3 % on the week. The Dept. of Transportation approved six airlines to schedule trips to Cuba. Aeropostale gets a $160 million lifeline. Lunch with Buffett will cost at least $2.6 million. Moe’s Southwest Grill knocks

Plans Move Forward on New Canadian MH Community Read More

Plans Move Forward on New Canadian MH Community

By Matthew Silver / June 10, 2016 / Business, Canada, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, Zoning

From eaglevalleynews in southeast British Columbia, Canada MHProNews has learned Sicamous, BC developer Darrel Trouton is seeking municipal approval to site manufactured homes in an area targeted to affordable housing, but requiring rezoning from R1A, urban single-family home to include CSA-approved Z240, which is for manufactured homes (MH), but would

Arizona MH Community Destined to Move Forward Despite Neighbors’ Opposition Read More

Arizona MH Community Destined to Move Forward Despite Neighbors’ Opposition

By Matthew Silver / June 9, 2016 / Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

The Mohave County Board of Supervisors (Arizona) approved by a vote of four to one the development of an age-restricted manufactured home community south of Chloride near the Old Boulder Dam Highway, despite opposition from neighbors who fear low-income residents that may be involved in crime. Neighbors Judy and Norm

Most Stocks Relatively Quiet, Nobility Homes Drops -3.27% Read More

Most Stocks Relatively Quiet, Nobility Homes Drops -3.27%

By Matthew Silver / June 9, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: New Jersey retirees will not get pension increases. Now that oil prices are up, will frackers begin working again? Deepak Chopra is launching a wellness app. Disney CEO says U. S. taxes are too high. Atlantic City fights to avoid bankruptcy. Washington D. C. on

Hunt Mortgage Provides Fannie Mae Loan for Trails of Oak Hills MHC Read More

Hunt Mortgage Provides Fannie Mae Loan for Trails of Oak Hills MHC

By Matthew Silver / June 9, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Financing commercial real estate throughout the U. S., Hunt Mortgage Group, headquartered in New York City, has arranged a $5.3 million Fannie Mae loan to refinance The Trails of Oak Hills manufactured home community (MHC) in Austin, Texas, the property of Wier Hills Ltd., a Texas limited partnership backed by

Hometown Trying to Preserve Manufactured Home Community in Washington Read More

Hometown Trying to Preserve Manufactured Home Community in Washington

By Matthew Silver / June 9, 2016 / Communities, Events, Legal, Manufactured and Modular Housing News, Manufactured Homes

The Kittitas County Commissioners approved a $1.45 million purchase agreement for the Shady Brook manufactured home community in April in order to expand the fairgrounds and event center, according to dailyrecordnews, reporting from central Washington state. Although there was no entry on the agenda, several people spoke suggesting ways for

The Hill’s Angels Ride Again Read More

The Hill’s Angels Ride Again

By Matthew Silver / June 9, 2016 / Canada, Events, Manufactured and Modular Housing News, Manufactured Homes, Modular

One of Western Canada’s largest modular home retailers, Jandel Homes is once again sponsoring the Hills Angels MS Bike fundraiser for Multiple Sclerosis, as they ride from LeDuc to Camroe, Alberta, Canada, just outside Edmonton which is Jandel’s home base. MS Bike has been critical to the MS Society’s fundraising

June15-1976-ManufacturedHousing40thAnniversary-mhlivingnews-postedMHProNews-com

40th Anniversary of Manufactured Housing Approaches Read More

40th Anniversary of Manufactured Housing Approaches

By MHProNews / June 9, 2016 / Announcements, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home

MHLivingNews.com will be doing a celebration feature to commemorate the 40th Anniversary of the first factory-built homes constructed to the HUD Code for Manufactured Housing. The “big 4-0” is on June 15, 1976. MHLivingNews.com already has a new video that features a ‘walk down memory lane,’ reflecting the advances from

Clinton Clinches, Sanders Perseveres, Trump Polishes Read More

Clinton Clinches, Sanders Perseveres, Trump Polishes

By Matthew Silver / June 9, 2016 / Advocacy, Manufactured and Modular Housing News, People

Hillary Clinton, her win in the California primary officially making her the presumptive Democratic presidential contender learned from her mistakes in the 2008 election when Barack Obama’s team outmaneuvered her. This year her campaign manager, Robby Mook, and Marlon Marshall, director of state campaigns and political engagement, realized the strength

Lending to Single-family Home Builders Rises in Q1 2016 Read More

Lending to Single-family Home Builders Rises in Q1 2016

By Matthew Silver / June 8, 2016 / Business, home buyers, Manufactured and Modular Housing News, Trends

A new report by the National Association of Home Builders (NAHB) states that banks increased their lending to single-family home builders by $2.3 billion in Q1 2016, almost 18 percent higher than lending in the same period one year ago. The NAHB’s analysis of of recent Federal Deposit Insurance Corp.

Nominations Open for Texas MHA Board of Directors Read More

Nominations Open for Texas MHA Board of Directors

By Matthew Silver / June 8, 2016 / Announcements, Manufactured and Modular Housing News, Manufactured Homes

The Texas Manufactured Housing Association (TMHA) informs MHProNews that it is now accepting nominations for the TMHA Board of Directors. Nominations will be accepted until June 17, 2016. For a nomination form contact caitlin@texasmha.com ## (Image credit: Texas Manufactured Housing Association) Article submitted by Matthew J Silver to Daily Business

Dow Tops 18,000; Northstar Realty Gains +4.14 percent Read More

Dow Tops 18,000; Northstar Realty Gains +4.14 percent

By Matthew Silver / June 8, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: U. S. Executives cut hiring plans before the election. People are keeping their old iPhones longer. Human-carrying drone will begin tests in Nevada. U. S. government data reveal 13,000 jobs have been cut at clothing and clothing accessory stores in past three months. Pink is