Shares of Encore Wire Corp. (NASDAQ:WIRE), suppliers of a variety of interior electrical wire to the manufactured home industry have been on a bit of a tear: the stock has risen +11.42 percent in the last week, and +16.09 percent for the past four weeks, according to reports MHProNews has …
Following a story MHProNews posted Oct. 6, 2015 regarding Greg Yutzy’s election as treasurer of the Kansas Manufactured Housing Association (KMHA), hutchnews reports Dave VanAsselt has been elected to the KMHA Board of Directors for 2015-2016. VanAsselt has been active in the manufactured housing industry over 30 years, and currently …
What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More
From knoxnews MHProNews has learned Clayton Homes, of Maryville, TN has acquired Georgia-based Chafin Communities, a residential community developer and home builder for an undisclosed price, adding Clayton to the site-built industry. Keith Holdbrooks, president of the Clayton home building group, said, “It means that we are expanding our home …
Clayton Acquires Georgia-based Site-built Homebuilder Read More
The Western Manufactured Housing Communities Association (WMA) has notified MHProNews of a new California law that allows community owners to demolish abandoned MH as well as those acquired via a warehouse lien, a bill supported by the WMA. A warehouse lien is a charge for storage and preservation. The law …
Analysts at Sidoti and Citigroup rated Drew Industries, Inc. (NYSE:DW) a ”buy” as the stock gained +3.52 percent in trading, Thurs., Oct. 8, to close at $58.19. With a market cap of $1.42 billion and a P/E ratio of 20.919, Drew has a 1-year low of $41.63 and a 1-year …
Jeffrey Allen, 67, of Waterford, Maine passed away following a battle with cancer. He transported manufactured and modular homes for many of the New England producers, eventually starting his own company, Northern Home Transport, which he operated until he retired. He also worked for Cianbro, C. N. Brown and PK …
MHProNews has learned manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH) is seeking to acquire MH retail dealerships within two hours of one of their communities, and would retain current employees. Their communities are located in Tennessee, Indiana, New York, Ohio, Pennsylvania, Michigan and New Jersey. In business since …
Leading Community Operator Wants to Buy Manufactured Home Retail location Read More
According to nationalmortgagenews, the Federal Housing Finance Market (FHFA) will issue a final rule within the next 12 months requiring Fannie Mae and Freddie Mac to better serve the manufactured housing market and rural markets, and increase the preservation of affordable housing under the “duty-to-serve” mandate. The rule will therefore …
Secondary Market for Manufactured Home Loans Coming from FHFA Read More
MHProNews has learned from prnewswire that the board of directors of UMH Properties, Inc. (NYSE:UMH) has announced its quarterly cash dividend of $0.18 per share on the company’s common stock will be payable Dec. 15, 2015 to shareholders of record as of Nov. 16, 2015. The annual dividend is $0.72. …
Realizing that a ten-year restriction on manufactured homes (MH) brought into Ruidoso Downs in New Mexico was not realistic because, as Planning and Zoning Director Steve Dunigan said, “You could have a two-year old home that is a disaster versus a 27-year old home that has been kept up,” the …
MHProNews has learned from the Wisconsin Housing Alliance that the Department of Housing and Urban Development’s (HUD) Final Rule that allows manufacturers to complete the construction of manufactured homes on site instead of in the factory with gaining permission. The rule will eliminate the need for time-consuming approval under the …
HUD Finalizes Rule Regarding Onsite Completion of Manufactured Homes Read More
The Manufactured Housing Institute (MHI) informs MHProNews that data regarding lending at 7,000 financial institutions and covering nearly 10 million mortgage applications and six million loan originations reveals manufactured home lenders are not making HOEPA (Home Ownership and Equity Protection Act) loans because of the increased liability and burdensome rules …
Data Confirms Dodd-Frank Regulations Impede Manufactured Home Loans Read More
What’s New in public focused Manufactured HomeLivingNews.com The Kennedy – Model Home Video Tour – New Durham Estates, Westville, IN Jack and Betsy Norman, Whispering Pines 55+ Manufactured Home Community, Somerset, PA What’s New in Manufactured Housing Industry Professional News Justice Dept. settles two MHC discrimination suits. Judge clears path …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015 Read More
Montana State District Court Judge George Huss abruptly ended a jury trial early in Bozeman, and awarded a development corporation $650,000 to be paid by the Gallatin County Commission for denying a proposal to develop the Gateway Village subdivision and site factory-built homes, MHProNews has learned. The commission had denied …
Judge Orders Approval of Contested Factory-built Subdivision, Awards $650,000 Read More
The Manufactured Housing Institute (MHI) informs MHProNews that Darryl Searer, president and chairman of the RV/MH Hall of Fame in Elkhart, Indiana reports $54,000 was raised toward Kevin Clayton’s Debt Elimination Challenge at the 4th International Networking Roundtable for Land-Lease-Lifestyle Communities in San Diego, California. Champion Home Builders, Inc. donated …
$54,000 Raised Towards Eliminating RV/MH Hall Debt Read More
As soon as the manufactured home (MH) Donna Lewis purchased for $125,000 arrived, she realized there were problems, according to mynews4 in Reno, Nevada. “The home came severely damaged,” she told us. “It had an accident on the way. It looked like a bomb had gone off. Walls ripped open, …
Production Errors on Manufactured Homes Being Investigated Read More
While some have called it a 100-year flood, there’s no question about the rushing waters in June that destroyed the majority of Lusk, a small town in east central Wyoming near the Nebraska border, as starherald informs MHProNews. An auction of 100 donated items Sept. 18, 2015 raised $123,000 to …
FEMA Provides Manufactured Homes to Flood-damaged Wyoming Town Read More
Following an article MHProNews posted May 27, 2015 concerning a grant the North Carolina Department of Environment and Natural Resources (DENR) awarded Alamance County to demolish abandoned manufactured homes (MH), nearby Rockingham County has been awarded $26,500 to discard abandoned single-section MH. As myfox8 reports, Rockingham County Code Enforcement Officer …
Another NC County Funded to Demolish Abandoned Manufactured Homes Read More
In and around Boulder, Colorado are eight manufactured home communities (MHC), with a total of just under 1,600 homes, most of which were built before the federal building standards took effect in June, 1976, as dailycamera reports. Recognizing the importance of the communities as affordable housing in a city not …
Boulder Considers Ways to Protect Land Lease Communities Read More
