Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSX:KMP) reports for the second quarter, ending June 30, 2014 its funds from operations (FFO) per diluted share increased 5.9 percent from $0.18 to $0.19 over the same period 2013. Same store net operating income (NOI) grew by 1.3 percent, and same store […]
Killam Posts Earnings for Q2 2014 Read More
MHProNews has learned from the Manufactured Housing Association for Regulatory Affairs (MHARR), statistics released by the Department of Housing and Urban Development reveal production of HUD Code homes grew 5.3 percent in June 2014 over last June, 5,624 homes over 5,338. Industry production for the year now totals 30,675 homes,
HUD Code Homes Production keeps Climbing Read More
A proposal to allow recreational vehicles to occupy manufactured home sites in land lease communities until a manufactured home is delivered passed the Coaldale, Alberta, Canada Town Council, according to sunnysouthnews.com. Town officials will include in the ordinance that only the owner of the home site can place an RV
Town Will Allow Rvs to Temporarily Site in MHCs Read More
Southern Energy Homes (Sehomes), a subsidiary of Clayton Homes, reports it has moved from its facility in Double Springs, Alabama and hired 270 people at its new 176,000 facility in Russellville, Ala. where it will average 1,500 manufactured homes per year. With plans to hire an additional 50-75 workers, the
Southern Energy Homes opens New Manufacturing Facility Read More
Cavco Industries, Inc. (Nasdaq:CVCO) will release its financial results for Q1 2015 on Thurs., July 31 after the close of the market, as MHProNews has learned from money.cnn.com, followed by a webcast the next day at 12:00 PM eastern time with discussion of the results led by senior management. Headquartered
Cavco to Release First Quarter 2015 Financials Read More
Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189
Equity LifeStyle Properties Posts Gains for Q2 Read More
Following a story MHProNews last posted June 16, 2014, the Pennsylvania attorney-general’s office is suing David Valenti, president of Wyoming Homes for alleged violations of the consumer protection laws and is seeking to permanently close the business. Twenty complaints were lodged against the business from Aug. 2011 to Dec. 2013
Pennsylvania AG Sues Wyoming Homes Owner Valenti Read More
In a letter to “Anne” of the democratandchronicle.com of Rochester, New York, the questioner describes a seasonal community on the water in New York state, which sites single-section manufactured homes (MH)and travel trailers that requires a fee of $1,000 payable to the community owner if a home is sold to
Rules Regarding Seasonal Manufactured Housing Communities may be Unexpected Read More
In an attempt to improve the control of manufactured homes (MH) in West Frankfort, Illinois, city commissioners are proposing an ordinance to define space requirements for new MH within the city limits, but extending to 1 ½ miles out. Total area for the home must be 6,000 square feet, and
W. Frankfort, Illinois Restricting New Manufactured Homes Read More
State boards at the South Carolina Department of Labor, Licensing and Regulation (LLR) have combined the cost and review of licenses issued by the Manufactured Housing Board for those who work on manufactured homes. In a report from Associated Press, theitem.com says the new regulation will allow people who sell,
South Carolina Eases Fees on Manufactured Home Workers Read More
The Massachusetts Homestead Act protects homeowners from having their homes sold off to pay unsecured debts such as credit cards and lawsuits, providing they live in the home as their principal residence, according to thevalleydispatch.com. It does not apply to mortgage payments or taxes or liens on the property, but
Manufactured Homes Protected by State Law Read More
With single-family home and condo prices rising in the San Francisco Bay area, along with rents, Marin real estate agent Laura Watts calls manufactured homes (MH) “the new condos,”according to marinij.com. For the first six months of this year compared to 2013 the median price of a manufactured home has
Manufactured Homes are the New Condos in Marin Read More
Residents of Lacombe, Louisiana, across Lake Pontchartrain from New Orleans, filled the St. Tammany Parish Council chamber protesting a zoning change that would allow manufactured housing on a 3.5 acre tract in their neighborhood. The opponents attorney argued there are already manufactured homes (MH) in the Oak Lawn East subdivision,
Parish Council Votes to Allow Siting of Manufactured Homes Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) tells MHProNews a new law that took effect July 1 alters the process for converting manufactured homes (MH) to real property, and also allows homes to be retitled once they have been severed from real property. Conversion requires surrendering the title to
Virginia has New Laws Re: Converting MH to Real Property Read More
According to digitaljournal.com, Clayton Home Center Consultant Doug “Sarge” Linebaugh assisted a fellow disabled veteran, Luis Alvarez, in purchasing a manufactured home. “Right away, I hit it off with Luis and Maria,” Linebaugh said. “We were able to connect on a personal level, since I am also a disabled veteran.”
Manufactured Home Focal Point for Disabled Veterans Read More
In an attempt to strengthen the state’s housing market, Virginia has passed a measure that allows first-time home buyers to invest up to $50,000 in any financial institution, free of state taxes on any earnings, provided the money is used to buy a home in the state. Called the First-time
Manufactured Homes Included in Homebuyer Savings Plan Read More
Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), informs MHProNews only 43 manufactured homes were ordered by retailers in Iowa during Q1, 2014—just six in the month of January—a drop of 15 homes, 26 percent, compared to the same period in 2013. For the last three
Orders for Manufactured, Modular Homes Drop in Iowa Read More
As the Michigan home market continues to improve, lenders say they are seeing more millennials, those in their 20s to 30s, now buying homes, comprising 31 percent of home buyers. The uptick is reaching the manufactured housing (MH) market as well. As digitaljournal.com reports, Sharon Crowe of Parkhurst Homes in
Millennials Buying Manufactured Homes in Michigan Read More
Manufactured housing communities (MHCs) may be an environmentally friendly solution for housing the millions of retiring Baby Boomers, and are often safe, pleasant areas that provide a sense of community, ideal for retirees, according to motherearthnews.com. Noting 20 million Americans live in MH, the Manufactured Housing Institute (MHI) estimates 23
Manufactured Homes: Solution to Need for Baby Boomer Housing Read More
In a revision to a post MHProNews published June 3, 2014 regarding HUD Code home production in April, 2014, the Manufactured Housing Institute (MHI) reports 5,718 homes were shipped that month, upwardly revised from the 5,653 homes we previously reported, a 7.5 percent increase over April, 2013. Total floors shipped
HUD Code Production Figures Revised for April Read More
