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.
A jury in Santa Clara County, California entered a verdict against real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (ELS) for $15.3 million in favor of current or former residents of the California Hawaiian manufactured home community (MHC) located in San Jose, California. Plaintiffs alleged ELS did not maintain […]
ELS Loses in California Court Case Read More
Southfield, Michigan-based Sun Communities, Inc. reports it will release its Q1 2014 financials April 30, prior to the opening of the market, followed by a conference call later that same morning at 11:00 AM eastern standard time to discuss the results, according to marketwatch.com. To participate call toll free 800
Sun to Release Q1 Financials Read More
MHProNews.com has learned the sales rate at LeeCorp’s Country Lakes manufactured home subdivision in Florida has hit 78 percent, as 25 of the 32 homesites have been sold. Country Lakes is a 55 and older community with lots averaging 77 by 162 feet, and priced from $27,900 to $37,900 per
Manufactured Home Lots Selling in Fort Myers, Florida Read More
Adding to a story MHProNews posted April 4, 2014 regarding the 5.9 percent increase of shipment of HUD Code homes in Feb., 2014 over Feb. 2013, the Manufactured Housing Institute (MHI) reports shipments of single-section homes remained flat while multi-section home shipments increased 11.8 percent. Total floors shipped in Feb.
Manufactured Housing Shipments Rise from same Number of Plants Read More
A strong rally pushed the Dow Jones Industrial Average up, but it fell around 3 PM, regaining some strength to end the first day of the week up +146.49 points, +0.91 percent, closing at 16,173.24. The Nasdaq gained 22.96 points, +0.57 percent to end the session at 4,022.69 while the
Skyline Advances 3.24%; Dow nears 150 point Gain Read More
The Silver City (New Mexico) City Council approved #SD 14-01 request to plat a new manufactured housing community in town, according to grantcountybeat.com. The developer and his wife are longtime residents of Silver City and are investing their life savings in the project to provide safe, affordable housing for working
New Mexico City Approves new Manufactured Housing Community Read More
Manufactured housing component supplier Drew Industries, Inc. through it wholly-owned subsidiary Lippert Components, Inc. has entered into a six-year aluminum extrusion agreement with Atrium Windows & Doors of Dallas. Drew’s president, Scott Mereness, says the deal means Drew will be able to acquire its extruded aluminum products at a competitive
Drew Contracts with Aluminum Extruder Read More
According to mideasttime.com, analysts at Wunderlich assumed coverage on real estate investment trust (REIT) UMH Properties, Inc., issuing a “hold rating” and a $10.00 price target on the stock. That target would indicate an increase of 1.21 percent over the previous close. The stock opened at $9.87 on Thurs., April
UMH Earns a “Hold” Rating Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews Gov. Terry McAuliffe of Virginia has appointed two new people as citizen members of the Virginia Manufactured Housing Board. Deputy Building Official for Martinsville, VA David C. Bridges, and Shawna J. Cheney, attorney at Blue Ridge Legal Services, will replace
Two New Members of Manufactured Housing Board Read More
While modular housing is picking up steam on Long Island, especially in the wake of Hurricane Sandy as people realize construction time savings, it is causing more steam among the building trades as modules arrive with electric, heating and plumbing systems already built in. Plumbers see their jobs limited to
Consternation arising from Modular Homes on Long Island Read More
According to nashobapublishing.com, the Wayside Community Association, Inc. has purchased its own community, Wayside Estates in Shirley, Massachusetts facilitated by Cooperative Development Institute (CDI), a part of Resident Owned Communities (ROC) USA, based in New Hampshire. Wayside has set up committees to oversee the upkeep of the 64-homesite community and
Massachusetts Community becomes Resident-owned Co-op Read More
Investors headed for the door in today’s trading following a big sell-off yesterday, April 10. The Dow Jones Industrial Average dropped -143.47 points, -0.89 percent, to end the week at 16,026.75, according to CNNMoney. The Nasdaq fell -1.34 percent, -54.38 points, to drop to 3,999.73, while the S&P lost -0.95
Skyline Corp. Slides; Nasdaq Loses over One Percent Read More
In honor of the 64th Anniversary of the New York Housing Association (NYHA), New York Governor Andrew M. Cuomo has proclaimed May 4-10, 2014 as New York Housing Association’s Factory-Built Home Days. The importance of factory-built housing can be seen in the thousands who continue to buy it, and in
Factory-Built Home Days Proclaimed in New York Read More
Under the Manufactured Home Construction and Safety Standards Act Reporting, the U. S. Department of Housing and Urban Development (HUD) seeks approval from the Office of Management and Budget (OMB) to place labels and notices on manufactured homes (MH) that the states and private entities must keep track of. As
HUD Seeks Approval from OMB Read More
Insurance claims adjusters need to understand that handling manufactured home claims are different than claims for other structures, something that novice claims adjusters do not always understand. According to claimsjournal.com, hands-on training is very effective as a teaching tool, leading adjusters to make better-informed decisions. Training includes flooding a manufactured
Hands-On Training for Manufactured Home Claims Adjusters Read More
Following a story MHProNews.com last posted Feb. 18, 2014 regarding legislation to streamline the titling of manufactured homes, the Virginia Manufactured and Modular Housing Association (VAMMHA) reports Gov. Terry McAuliffe has signed Senate Bill 356, which will also allow for the titling of homes severed from real property. The measure
Manufactured Housing Titling Legislation Signed by Governor McAuliffe Read More
The Esperance Chamber of Commerce and Industry in Australia is sponsoring its inaugural home and lifestyle expo in hopes of keeping local shoppers shopping locally, according to abc.net.au. The show is replete with vendors offering building and renovation supplies, as well as modular homes. The show is on Friday and
Modular Homes at Aussie Home Show Read More
A huge sell-off by investors sent the Big Board spiraling downward, as the Nasdaq fell -3.10 percent, -129.79 points, to drop to 4,054.11, and the Dow Jones Industrial Average lost -1.62 percent, -266.96 points, to end the day at 16,170.22. The S&P fell -2.09 percent, -39.1 points, to end its
Deer Valley Plummets 35 Percent; Dow, Nasdaq, S&P all Fall Sharply Read More
Expanding into the Southwest, LendSmart Mortgage has opened a branch in Scottsdale, Arizona to service the Colorado, California and Texas markets, as nationalmortgageprofessional.com informs MHProNews.com. The new lending center will offer conventional and specialty mortgages, including manufactured housing, and expects to write $25 million in loans by the end of
LendSmart Open to Manufactured Home Loans in Southwest Read More
The Anderson, Indiana City Council will consider a voluntary request for annexation from PAC Development LLC, which has agreed to extend water and sewer lines to the 66-acre parcel at its own expense. According to heraldbulletin.com, five acres of the land have been sold with an option to buy additional
Rumors Quelled about Manufactured Housing Community Read More
