News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
MHProNews has learned from finance-commerce that Birmingham, Michigan-based Uniprop, a private, forty-year-old real estate and private equity firm has sold the Ardmore Village manufactured home community (MHC) in Lakeville, Minnesota for $7.6 million to an unnamed Illinois buyer. According to MHVillage, the community, built in 1972, has 339 home sites, […]
Ardmore Village in Minnesota Sells for $7.6M Read More
What’s New in public focused Manufactured HomeLivingNews.com Rancho El Mirage, new 55+ Manufactured Home Community Opening near Yuma, AZ What’s New in Manufactured Housing Industry Professional News New manufactured home community planned Down Under. Legacy Homes assumes building abandoned byRV/MH Hall home builder. Home show features MH. Ordinance to site
Sunday Morning Recap-Manufactured Housing Industry News March 6, 2016-March 13, 2016 Read More
MHProNews has learned from hilltopmhc that Chief Operating Officer (COO) of Patrick Industries, Inc. (NASDAD:PATK) Jeff Rodino sold 20,000 shares of company stock, as disclosed in a filing with the Securities and Exchange Commission (SEC). Sold at an average price of $43.94, the transaction was valued at $878,000.00. The COO
Patrick COO Rodino Sells 20k Shares of Stock Read More
The DOYALSON-Wyee RSL Club intends to develop a 139-site manufactured home community (MHC) on two lots north of the club, including the the site of the current Raw Challenge fitness course, according to what lakesmail.com.au tells MHProNews. The club has filed to rezone the land from RU6 Transition to RE2 Private
New Manufactured Home Community Planned in Australia Read More
MHProNews has learned from financialnewsnetwork that Russell Frank Co. boosted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) during Q4 2015 by 4.5 percent following its acquisition of 14,228 additional shares. According to a filing with the Securities and Exchange Commission (SEC), the firm now owns 350,055 shares of the
Russell Frank buys more Shares of Equity LifeStyle Properties Read More
Adding to the list of home shows that will feature off-site built houses, the Stark County Home and Garden Show is being held this weekend at the Stark County (Ohio) Fairgrounds, as starkcountyhomeandgardenshow tells MHProNews. Sponsored by The Repository and the Building Industry Association of Stark County, Marci Saling-Lesho, vice
Home Show to Feature Manufactured Home Read More
In the news from CNNMoney: Lane Bryant upset that networks will not air ads. Gulf of Mexico pumping oil like never before. Woman who sued Trump University six years ago wants to drop case. U. S. oil and gas rigs fall to 70-year lows. Rich mens’ wallets getting fatter while
All but One MH-related Stocks Gain Read More
Legacy Homes has taken over production of manufactured homes (MH) in a facility in Eatonton, Georgia that had been occupied by Horton Homes, according to what wmaztv tells MHProNews. Seventy employees have begun working there, and the CEO says they can handle up to 250 to 300 workers on one side,
Legacy Homes Assumes Production in Facility Abandoned by Horton Homes Read More
Created by Portuguese Architect Samuel Goncalves, his Gomos System modular home can be constructed and installed in three days. Prefabricated concrete modules up to eight feet X 20 feet are connected in a variety of shapes and sizes depending on the buyer’s preference. As us.blastingnews tells MHProNews, the base model
$55k Modular Home Installed in Three Days Read More
Updating a story MHProNews last posted Feb. 11, 2016 regarding an ordinance passed by the planning and zoning commission in Mojave County, Arizona that would allow manufactured homes built after June 15, 1976 to be sited, the Board of Supervisors voted unanimously to approve the ordinance, according to kdminer. Originally,
Supervisors Unanimously Approve Ordinance to Accept HUD Code Homes Read More
The Flamingo Mobile Home Park in Santa Barbara, Calif. has been put on the market, sparking fears among the 69 residents of this seniors only manufactured home community that they may have to move, according to what noozhawk tells MHProNews. The community, which was built in the 1950s, was inherited
Sixty year-old Manufactured Home Community on the Block Read More
In the news from CNNMoney: Electric bicycle can go up to 40 MPH. Trade pacts have cost some loss of middle class jobs, but so has technological change. FCC wants internet service providers to get permission from customers to share personal info with third party affiliates. Trump’s modeling agency broke
Most MH-related Stocks Fall, but UMH Rises Read More
Year-over-year as of Jan., 2016, the number of homes priced below $100,000 fell by 8.6 percent, as the less expensive homes got snapped up quickly, while the homes priced over $1 million grew by 15 percent, according to the National Association of Home Builders (NAHB), as mpamag informs MHProNews. The
Inventory of Starter Homes Continues Diminished Read More
MHProNews has learned from hometownlife that RHP Properties has acquired the 289 home site Wayson’s Manufactured Home Community (MHC) in Lothian, Maryland. RHP CEO Ross Partrich said, “RHP Properties is pleased to add Wayson’s Manufactured Home Community to our portfolio of high quality communities,” said Partrich. “This desirable community boasts
RHP Properties Acquires another Manufactured Home Community Read More
With the cost in San Francisco to build a new home running around $700,000 to $800,000, thereby pricing many middle-income and working class people out of the market, one company has begun building modular apartment buildings. BRIDGE is a non-profit developer, and as such can receive government funding and tax
Modular Apartment Complex will be Bay Area’s First Read More
Iowa American Water has acquired the water systems in three YES! Communities in Davenport, Iowa, adding 850 customers to its roster, as qconline tells MHProNews. Residents of Five Seasons, Lakewood Estates and Silver Creek manufactured home communities (MHC) have been receiving water from Iowa American but through a re-sale agreement.
Water Company Acquires Water Systems in Manufactured Home Communities Read More
When Darryl Searer agreed to a one-year commitment to volunteer as president of the RV/MH Heritage Foundation and the RV/MH Hall of Fame (Hall), little did he know his passion for the position would grow to four years—and counting. Little did industry leaders realize the extent to which he would
RV/MH Leaders Applaud Darryl Searer’s Fourth Year Leading the Hall Read More
In the news from CNNMoney: Cheap oil is crushing Middle Eastern countries. Donald Trump’s suits and ties are made in China. Shake Shack may be losing the burger wars. Olive oil prices rose 20 percent in 2015. Google launches travel service. UK’s Powa Technologies once worth $2.7 billion, now bankrupt.
MHCV Spikes +7.23%; Cavco Moves up the Most of Tracked Stocks Read More
According to constructiondive, developers are saying that building permit processing time has increased from four months in 2011 to seven months in 2015, reports the National Association of Home Builders and The Wall Street Journal (wsj). In more active markets, like California and Florida, the American Institute of Architects (AIA)
Longer Permit Processing Times Adding to Costs Read More
Australia’s Gateway Lifestyle Group has acquired six manufactured home communities (MHC) for $49.3 million ($36.975 USD), according to theaustralian.co.au. The communities are located in New South Wales, Queensland and Victoria, adding 1180 home sites to its portfolio—428 occupied sites and 752 sites ripe for development. The acquisition, expected to close
Expansion Underway for Australian’s MHC owner Gateway Lifestyle Read More
