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 dakotafinancialnews that Drew Industries, Inc. (NYSE:DW) Chairman Emeritus Leigh J. Abrams sold 5,400 shares of Drew stock for $60.10 per share for a net transaction of $324,540.00. Disclosed in a transaction with the SEC, Abrams now owns 71,311 shares valued at $4,285,791.10. The company’s earnings for […]
Chairman Emeritus Abrams Sells Drew Stock Read More
National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
Allan Wallis, writing in Wheel Estates, says: “The mobile home may well be the single most significant and unique housing innovation in twentieth-century America. No other innovation addressing the spectrum of housing activities- from construction, tenure, and community structure to design- has been more widely adopted nor, simultaneously, more widely
Vertical Manufactured Home Community Built, then Scrapped Read More
Following a story MHProNews published Dec. 18, 2015 regarding a proposed addition to Carrington Pointe MHC in Fort Wayne, Indiana, the Fort Wayne Board of Zoning Appeals postponed a decision on the project to allow the applicant, Sun Secured Financing LLC, more time to review staff concerns over a retention
Flying Fowl Foul Fort Wayne Formula for Expanding Manufactured Home Community Read More
Missouri Auditor Nicole Galloway’s office tells MHProNews reports the Missouri Public Service Commission (PSC) has been lax in its oversight of manufactured homes MH), stating the agency did not follow up on problems discovered during inspections of manufactured and modular homes. The audit, as stltoday reports, found problems with 11
MO Commission Insufficient in its Oversight of New Manufactured Homes Read More
In the news from CNNMoney: Illinois and Pennsylvania are 170 days overdue on budgets. Olive Garden is making a comeback. UN urges freezing supply of ISIS money and guns. Star Wars has record $57 million opening night. Billionaire casino mogul Sheldon Adelson confirmed that his family has purchased the Las
Nobility Homes spikes 6.61%, as Dow Drops over Two Percent Read More
From midsouthnewz, MHProNews has learned Terra Nova Asset Management has increased its holdings in Real Estate Investment Trust (REIT) Sun Communities (NYSE:SUI) by 4.8 percent in Q3 2015, according to an SEC Form 13F filing. The institutional investor added 410 shares during the quarter and now owns 8,900 shares of
Terra Nova Acquires $603,000 of Sun Shares Read More
Following the continuing saga of modular homes being built in Ballymun in Dublin, Ireland to house the growing homeless population, the Dublin City Council said, “the contractor’s security staff was threatened by persons unknown wearing balaclavas (ski masks). They were told to go back to the north or their machinery
Threats Shut Down Modular Home Site Read More
MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
Under a new manufactured housing ordinance being drawn up by the city of Washington, Indiana, as washtimesherald tells MHProNews, incoming Building Commissioner Bryan Sergesketter states there are three types of manufactured housing, as Lindsay Owens writes: “Type I, which is set on a permanent foundation; Type II, which is brought
New Ordinance Classifies Manufactured Homes into Three Types Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15
Sun Communities ordered to Remove Tree or be Fined Read More
In the news from CNNMoney: Gold tumbles to six-year low. Tim Cook shakes up Apple’s management. New moms at PayPal get 16 weeks paid leave, dads get eight weeks “bonding leave.” Argentina’s currency is crashing by 30%. Next year rents are expected to rise 3-5 percent. Smart socks pause Netflix
MHCV Falls nearly two percent; Dow Drops just under 1.5 Percent Read More
Residential building permits rose 11 percent over October, 2015, and 19.5 percent higher than Nov. 2014, according to what realtor reports from the statistics issued by the Census Bureau and the Dept. of Housing and Urban Development (HUD). Multifamily building permits rose 30.8 percent month-over-month and 38.9 percent year-over-year. The
Building Permits, Groundbreakings Up for the Month and Year Read More
Following a pattern since Nov. 2014, as MHProNews has reported numerous times, Jeffrey L. Gendell is shedding more Patrick Industries, Inc. (NASDAQ:PATK) stock, this time 6,835 shares for $40.12 per share for a net of $274,220.20. Major shareholders that own ten percent or more of a stock are required to
Gendell Continues Off-loading Patrick Stock Read More
MHProNews has learned from newswire.ca that SpruceLand Properties, Inc. of Edmonton, Alberta, Canada has agreed to sell its portfolio of manufactured home communities (MHC) and commercial properties to two independent buyers for $101.6 million. The sale agreement for the two MHCs carries a price of $40.6 million, to be satisfied
Spruceland of Canada selling both Manufactured Home Communities Read More
Word has arrived from New South Wales (NSW), Australia that manufactured home community (MHC) owner Ingenia Communities has acquired South West Rocks Tourist Park in NSW for $8.5 million ($6.03M USD), but only the business and not the land, reports abc.net.au. As MHProNews posted Oct. 21, 2015, Ingenia acquired Lakeside
Ingenia Buys Tourist Park, Adding 54 Manufactured Homes Read More
In the news from CNNMoney: Facebook and Uber launch new partnership. Federal Reserve finally raises interest rates, minimally. Men’s Warehouse founder rents tuxedos on line. Americans saved $540 on gas this year. Stores not happy with warm December. Disney spent $4 billion on Lucasfilm and new Star Wars. 134 American
Dow, several MH-related Stocks Advance on news of Interest Rate Hike Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Federal Housing Finance Agency (FHFA) has issued a new “duty to serve (DTS) underserved markets” provision of the Housing and Economic Recovery Act of 2008 (HERA). However, the DTS credit will not be available under the proposal for
MHARR Underscores Need for MH Chattel Loans to be Included in new Duty To Serve Proposal Read More
Homebuilder sentiment fell one point, from 62 down to 61 in December, according to the National Association of Home Builders (NAHB), missing the consensus forecast of 63. “Overall, builders are optimistic about the housing market, although they are reporting concerns with the high price of lots and labor,” said NAHB
Housing Market Index Slips Read More
