Updating a post MHProNews published April 4, 2014 regarding Aetrium Inc.’s acquisition of modular builder KBS Building Systems of Maine, the shares of Aetrium skyrocketed 42 percent the day after the acquisition was announced. The firm has been constructing machines that handle and test computer chips since 1982, according to …
A carpet cleaner in Springfield, Virginia blames Yelp.com for a rash of alleged fraudulent negative reviews that owner Joe Hadeed claims reduced his business by 30 percent. He narrowed down the anonymous complaints to seven, based on time frame, sales data and location, and sued them in July, 2012 for …
Consumer Online Reviews: Fairness Colored by Free Speech? Read More
Aetrium Incorporated has acquired all the assets of KBS Building Systems, Inc. of South Paris, Maine for $5 million cash, a $5.5 million six-month promissory note and the assumption of approximately $1.4 million debt, according to marketwatch.com. KBS manufactures and distributes modular housing units for residential and commercial applications. MHProNews …
New England Modular Builder Acquired by Aetrium Inc. Read More
A petitioner in Asheville, North Carolina requested the Buncombe County Commissioners rezone a small riverfront manufactured housing community (MHC) from R1 to R-3 to allow him to site three park model homes for vacationers, according to thetribunepapers.com. One of the commissioners, who has been in the MH industry, said the …
Updating a story MHProNews.com last covered Jan. 14, 2014 regarding a subsidiary of Santee Modular Homes in Orangeburg County, South Carolina suing the county over a debris removal contract, the public works department had sufficient manpower for cleanup in the wake of the recent ice storm. The lawsuit asked for …
None of the three major indexes moved more than one-half percentage point up or down as investors speculated what the Federal Reaerve might do in light of December’s poor jobs report. CNNMoney reports the Dow slid -7.71 points, -0.05 percent, to close at 16,437.05. The Nasdaq advanced +0.44 percent, +18.48 …
Cavco Industries Posts Largest Gain of Tracked Housing Stocks Read More
HIVEHAUS is a modular hexagonal housing unit composed of six-sided self-contained 100 square foot modules that can be arranged in many configurations to suit the homeowner’s needs. Set on adjustable legs to allow for uneven ground, the units arrive as a flatpack and require 2-3 people to assemble. The product …
The Aiken County Planning Commission in west central South Carolina has approved plans for a 33 home site manufactured housing community (MHC) situated on nine acres on Wire Road in Aiken, SC. The aikenstandard.com says five manufactured homes on a lot that is at least five acres or more constitutes …
With a wealth of manufactured housing in her background, Kathy Tompkins, of Grand Valley, Colo. has joined Heiden Homes Realty and Associates in Grand Junction. She currently owns Manufactured Home Parts, established in 2000, and specializes in manufactured home sales. A general contractor for 13 years, gjsentinel informs MHProNews Tompkins …
With $1 million in financing from ROC (resident-owned communities) USA Capital, Prairie Lake Estates land lease community became Prairie Lake Estates Homeowners Cooperative, as the residents of this 70 homesite community became a Wisconsin limited-equity housing co-op corporation. The Northcountry Cooperative Foundation (NCF) provided leadership and technical support to the …
Wisconsin Land Lease Community Converts to Co-operative Read More
The tri-parishtimes informs MHProNews that alleged overpayments to several staff members and other wrongdoing by the Morgan City Housing Authority (MCHA) in Morgan City, Louisiana may be investigated by the Dept. of Housing and Urban Development (HUD), which would likely forestall a planned modular public housing community. Federal civil service …
Alleged Funds Mismanagement may Mar Affordable Mods Read More
From the Manufactured Housing Institute (MHI)’s newsletter MHProNews learns Rep. Blaine Luetkemeyer (R-MO), a member of the House Financial Services Committee, has introduced the Community Lending Enhancement and Regulatory Relief Act (CLEAR Act). H. R. 1750 is designed to help smaller financial institutions obtain capital and provide loans to their …
The postandcourier reports from Ladson, South Carolina, Equity Homes salesman Allen Croft recalls in 1997 the company sold 986 new homes, but changed its business model as sales declined and now sells only refurbished homes. Although the majority of the firm’s homes come from auctions, 37 percent are from individual …
Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by …
Co-op Assumes Responsibility for Managing Community Read More
M & W Trailer Sales opened in Escondico, Calif. in 1959 when customers had two carpet choices—avocado green or harvest gold, and Noel Williams (the ‘W’) lived on the lot in a trailer with his wife. Now called M & W Home Sales, and located in Hemet, Calif., The Press …
Updating a story we posted Feb. 27, 2013 concerning residents of Wheel Estates MHC in North Adams, Mass. trying to buy their community, iberkshires informs MHProNews the nearly $4 million loan went through, financing managed by ROC (resident-owned communities) USA of New Hampshire. For years residents have allegedly complained the …
Under Massachusetts law, MHC residents have the opportunity to match an offer by a third party to buy their community once it is offered for sale. Wheel Estates’ owner Morgan Management has a signed purchase agreement from Real Estate Seekers LLC for $2.73 million for the North Adams, MA community …
SmartPlanet tells MHProNews two Argentinian architects have developed a foldable disaster relief modular structure that can be carried seven to a flatbed truck and unfolded and ready to use in 30 minutes. Made of insulated thermal panels, much like a grocery store’s cold storage room, the units can be connected …
MHProNews has learned the Standing Rock Housing Authority of the Standing Rock Sioux Tribe in North Dakota will be accepting bids for multifamily modular housing to be transported and set on foundations at three different locations within the Standing Rock Reservation. The specifications call for (4) four plex and one …
EnhancedOnlineNews reports Intuit, Inc., provider of business and financial management solutions for small and mid-sized businesses, says small business employment increased 0.12 percent in 2012, while small business revenue fell 1.2 percent from Jan. to Nov. Based on Intuit’s data retrieved from its Online Payroll and Online Quickbooks programs, small …
