FOR IMMEDIATE RELEASE       November 24, 2004
                            CONTACT:  Rosemarie Faccone
                                      Susan Jordan
                                      732-577-9997



                  UNITED MOBILE HOMES, INC.
                     CLOSES ON NEW LOAN


           FREEHOLD,  NJ, November 24, 2004.. United  Mobile
Homes,  Inc.  (AMEX:UMH) is pleased  to  announce  that  the
Company  has obtained a $15,000,000 mortgage loan with  Bank
of  America,  N.A.  This loan is secured by four  properties
and is for a five year term at an effective interest rate of
5.82%.   This  loan replaces an existing 7.5%  loan  with  a
current  balance of approximately $7.7 million due  December
1, 2005.

           Samuel  A.  Landy, President, stated, "This  loan
bolsters  our financial position and will be used  to  repay
existing  debt,  to  pursue  growth  opportunities   through
acquisitions   and  expansions,  and  for  other   corporate
purposes.   We  are  very happy to continue  our  long  term
relationship  with  Bank  of  America  and  its  predecessor
banks."

           United Mobile Homes, Inc., a publicly-owned  real
estate  investment  trust,  owns and  operates  twenty-seven
manufactured  home communities located in  New  Jersey,  New
York,  Pennsylvania, Ohio and Tennessee.  In  addition,  the
Company owns a portfolio of REIT securities.


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