Author name: MHProNews

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Connected Community Owner “Should be Facing Criminal Charges” for conditions at the “park”

By / / Affordable Housing, Business, Communities, Manufactured and Modular Housing News, Manufactured Homes, mobile home

Most manufactured home communities are run by owners and professionals who care about their residents, the conditions at their location(s) as well as the look and safety of their property.  But when a community operator runs their location like the proverbial “trailer park,” it’s bad for residents and impacts the […]

Connected Community Owner “Should be Facing Criminal Charges” for conditions at the “park” Read More

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AMG – Bullish or Bearish Outlook?

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

The PostNews noted in a recent analysis that shares in Affiliated Managers Group Inc.(AMG) have “slid down for the past month, and that it may cause some worries to investors. But Consumer Eagle notes that zero of the ten analysts covering AMG recently has had a negative review, and 8 of the

AMG – Bullish or Bearish Outlook? Read More

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Treehouse Riga Branching into Adaptability

By / / Affordable Housing, Business, Factory-Built Homes, Green, Modular

Treehouse Riga, an easily adaptable modular home, was designed by Appleton & Domingos. The Portuguese design firm created this particular version for modular homebuilder Jular. As factory built home industry professionals know, modular home construction has less waste, is greener, takes less time to build and typically offers significant savings

Treehouse Riga Branching into Adaptability Read More

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Tiny MODs Could be the Next Big Thing for Homeless Vets

By / / Affordable Housing, Factory-Built Homes, Manufactured and Modular Housing News, Modular, tiny house

Look beyond the argument that manufactured and modular homes benefit millions of moderate income households, and could benefit millions more. Is it also possible that the tiny house trend applied to modular units is the answer to homelessness in the U.S.? Eyewitness News Channel 7 in Los Angeles featured a

Tiny MODs Could be the Next Big Thing for Homeless Vets Read More

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Media Spotlights Manufactured Housing’s Value in Hot Markets

By / / Affordable Housing, Factory-Built Homes, Manufactured Homes, Trends

Manufactured homes are attracting positive media in markets where conventional housing has overheated or is difficult to obtain. Peace Arch News took a favorable look recently at the impressive value that manufactured housing offers in hot real estate markets, highlighting the Semiahmoo Peninsula, Washington, near the U.S. Canadian border. An

Media Spotlights Manufactured Housing’s Value in Hot Markets Read More

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Cavco leads in Manufactured Housing, Broader Markets Continue to slide

By / / Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

In today’s markets, the Dow Jones logged its lowest close in the past 3 weeks. The U.S. Dollar joined the herd of key indicators that are worried about the Fed’s Chair, Janet Yellen’s, upcoming speech. MarketWatch also reported that SEC fines 13 investment firms for advertising false performance claims, and

Cavco leads in Manufactured Housing, Broader Markets Continue to slide Read More

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New LA Recovery Plan Unveiled as Possible Storm Approaches, Industry Pros Mobilize

By / / Affordable Housing, Events, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

A recovery housing plan has been released by Louisiana Gov. John Bel Edwards, for displaced residents of the recent historic flooding in his state. It’s a three-pronged plan created by state officials to respond to the housing crisis caused by damage to southern Louisiana. The state is moving into the

New LA Recovery Plan Unveiled as Possible Storm Approaches, Industry Pros Mobilize Read More

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Over Legal Objections, City Blocks Manufactured Homes

By / / Advocacy, Affordable Housing, Legal, Manufactured Homes, regulation, Zoning

After almost no debate, a new ordinance was approved unanimously by the Lowell, Massachusetts City Council which will put new restrictions on the appearance of homes outside a historic district. The new ordinance seemed to be aimed directly at “mobile” and manufactured homes by adding regulations that would keep them

Over Legal Objections, City Blocks Manufactured Homes Read More

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Metro Council Bypasses Law, Allowing “Temporary” Manufactured Homes

By / / Events, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

East Baton Rouge Parish’s Metro Council will bypass city-parish law, that will make way for longer-term, temporary housing. The measure was instated to assist those that were affected by the recent, historic floods, allowing them to site the temporary homes in front of their damaged properties. The law normally allows

Metro Council Bypasses Law, Allowing “Temporary” Manufactured Homes Read More

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Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

The S&P 500 closed at its lowest level in two weeks. As news about struggles of insurers in ObamaCare exchanges continue and experience fallout, the health-care sector’s drag on U.S. stocks caused them to close at the lowest level since Aug.4. MarketWatch also reported that the U.S. Dollar is continuing

Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets Read More

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“Prenuptial Housing” – Modular Homes Designed for Separation and Reunion

By / / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

Dutch entrepreneur Omar Kbiri has partnered with Amsterdam-based, architecture firm, Studio OBA. The duo designed a modular home that transforms according to the dynamics of the relationships within it. The “ready-to-split” floating houses were designed with their disassembly as a starting point. The unique concept was reported on by Mother

“Prenuptial Housing” – Modular Homes Designed for Separation and Reunion Read More

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NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership

By / / Advocacy, Affordable Housing, Business, Finance, Legal, Legislation, Manufactured and Modular Housing News, regulation, Small Business

The purported road-to-home ownership cloaked as “Rent to Own” is often found to be harmful and misleading, reports The New York Times. Although housing prices have recovered from the financial collapse of 2008, borrowers with less than stellar credit reports and those seeking to finance lower priced properties are left

NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership Read More

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NIMBY strikes as council nixes manufactured housing use requested by over 100 residents

By / / Advocacy, Affordable Housing, Business, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Zoning

During their Aug. 18 meeting, the Georgetown, SC city council members denied a request to rezone the West End to permit the addition of manufactured homes on more than 200 vacant lots. A petition signed by 150 residents asked to rezone that area from R5 to R3, to allow manufactured

NIMBY strikes as council nixes manufactured housing use requested by over 100 residents Read More

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Federal Housing Funds can complicate business, creating leverage and impact MH Industry Pros

By / / Affordable Housing, Manufactured and Modular Housing News, regulation

The Joliet City Council obtained ownership of Evergreen Terrace in a transfer of title that took place last week. Officially the title will go to Riverwalk Homes, a public-private partnership created by Holsten, a Chicago-based real estate development company, the HeraldNews reports. Nevertheless the city maintains controlling interests and will

Federal Housing Funds can complicate business, creating leverage and impact MH Industry Pros Read More

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Skyline Leads, Housing Data and New Home Sales Push Stocks

By / / Business, Communities, Company News, Manufactured Homes, Stocks

The S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains. Daily Business News Market Tracker The Dow

Skyline Leads, Housing Data and New Home Sales Push Stocks Read More

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Will Hometown America and Gateway ally to Increase Manufactured Home Community Holdings?

By / / Affordable Housing, Business, Communities, Manufactured Homes, mobile home, People, Stocks

Gateway Lifestyle, an Australian-based holder of factory-built retirement home communities, is exploring partnering with U.S.-based Hometown America in a venture that could reshape Australia’s emerging manufactured housing market.  The two firms may join forces for the pursuit of National Lifestyle Villages (NLV), Western Australia’s largest operator of ‘mobile home parks.’

Will Hometown America and Gateway ally to Increase Manufactured Home Community Holdings? Read More

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Chris Nortley, Enrico Scarda announce MHRE’s Close of Matrix MHC Portfolio

By / / Affordable Housing, Announcements, Business, Communities, Company News, Manufactured and Modular Housing News

MHProNews has learned that Chris Nortley, Managing Partner of MHRE Inc. that the Matrix portfolio that consisted of 7,253 sites closed on August 4, 2016. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home

Chris Nortley, Enrico Scarda announce MHRE’s Close of Matrix MHC Portfolio Read More

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Broader Markets Tumble as MHCV Inches Up, Led by UFPI

By / / Affordable Housing, Business, Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

The Dow and the S&P 500 end lower as oil’s recent winning streak come to a close. Nasdaq closes up, while Treasury yields drift lower. MarketWatch  also reports that CFPB fines Wells Fargo $4 million for deceptive student loans. Daily Business News Market Tracker: The Dow Jones Industrial Average dropped

Broader Markets Tumble as MHCV Inches Up, Led by UFPI Read More

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Cavco Industries on Benchmark’s List

By / / Business, Company News, Factory-Built Homes, Manufactured Homes, Stocks

Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor. The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year. A 17.0%

Cavco Industries on Benchmark’s List Read More

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Carlyle Group Secures $115 Million Package

By / / Affordable Housing, Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells Fargo, the seven-year, fixed-rate loan could free Carlyle to further expand its efforts in the MH Community sector. Grace and colleague Matt Krasinski

Carlyle Group Secures $115 Million Package Read More

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