Author name: MHProNews

San Fran going MOD…modular building poised to help area’s housing Read More

San Fran going MOD…modular building poised to help area’s housing

By MHProNews / December 18, 2014 / Manufactured and Modular Housing News

San Francisco, California is about to discover the benefits of modular housing. The need for new housing in that area is acute and rents are increasing rapidly due to scarcity of housing units. Fortunately, several new modular projects are in the works that will help to alleviate this situation. San

SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Record Read More

SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Record

By MHProNews / December 18, 2014 / Manufactured and Modular Housing News

Skyline Corp. out performed the broader markets today. Manufactured home communities and building generally did well too. CBS News called Yellin’s announcement yesterday a holiday gift. Well, investors jumped at that present and the Dow had its best single day in 3 years, with the best 2 days all year

Skyrocketing Rents are Creating Opportunities for Manufactured Housing Read More

Skyrocketing Rents are Creating Opportunities for Manufactured Housing

By MHProNews / December 18, 2014 / Manufactured and Modular Housing News

In most major U.S. housing markets, owning a home has become even cheaper than renting one. Trulia’s Chief Economist, Jed Kolko tells MHProNews their research has found that buying is 38 percent cheaper than renting in all of the 100 largest metropolitan areas. This study took into account all costs associated

IBTS Appointed to HUD Manufactured Housing Dispute Resolution Program Read More

IBTS Appointed to HUD Manufactured Housing Dispute Resolution Program

By MHProNews / December 18, 2014 / Manufactured and Modular Housing News

The Institute for Building Technology and Safety (IBTS) announced this week their appointment to HUD’s Manufactured Home Dispute Resolution Program. Through the program, IBTS will enable citizens to exercise their rights related to manufactured home quality issues. On October 7, 2014, IBTS, principal subcontractor to the Savan Group, LLC, participated

32 Million not enough? MHC Residents Lose Battle to Remain or Collect Read More

32 Million not enough? MHC Residents Lose Battle to Remain or Collect

By MHProNews / December 18, 2014 / Manufactured and Modular Housing News

Residents of the De Anza Cove Mobile Home Park at Mission Bay in San Diego, California, are preparing to move on. According to a report on SanDiego6, a $32 million settlement was reached for a legal dispute lasting 35 years between residents and the City of San Diego. City officials

Manufactured Home Community Operator sees value in helping Millennials become Homeowners Read More

Manufactured Home Community Operator sees value in helping Millennials become Homeowners

By MHProNews / December 17, 2014 / Manufactured and Modular Housing News

A segment of the population that’s resisted home ownership in significant numbers are the Millennials. These adults under 35 offer a potential 8.3 million new millennial households formed between now and the end of 2018, says the Demand Institute. Many millennials are renting, which manufactured home community operator Ascentia says

Nobility Leaps! Yellin’s Tellin’ – Cheap Oil, Low Rates, Keep Sellin’! Read More

Nobility Leaps! Yellin’s Tellin’ – Cheap Oil, Low Rates, Keep Sellin’!

By MHProNews / December 17, 2014 / Manufactured and Modular Housing News

Tracked manufactured housing related stocks advanced broadly in trading today. Federal Reserve Chair Janet Yellin suggests that rates will not rise rapidly and cheap oil is good for America, so the markets rose anew. Sony may be getting the next whammy from what could be a blast of cyber-economic

With Oil Prices still Falling, what’s the outlook and impact on Manufactured Housing? Read More

With Oil Prices still Falling, what’s the outlook and impact on Manufactured Housing?

By MHProNews / December 17, 2014 / Manufactured and Modular Housing News

Fracking related sales of manufactured homes and factory-built workforce housing is important in states such as TX, ND, OK, LA, OH and PA. There are mixed thoughts from sources on what the foreseeable economic impact on drilling activities may be from sliding oil prices. According to a December 16, 2014,

Judges Gavel Falls on MH Community Owner Read More

Judges Gavel Falls on MH Community Owner

By MHProNews / December 17, 2014 / Manufactured and Modular Housing News

According to the Moscow-Pullman Daily News, a manufactured home community owner was called into court once again on Monday, December 15, 2014. Magar E. Magar of Vancouver, Washington was accused of failing to prove he completed the tasks assigned to him to provide safe drinking water at the Syringa Mobile

County Takes Action to Collect Tax Revenues on Manufactured Housing Read More

County Takes Action to Collect Tax Revenues on Manufactured Housing

By MHProNews / December 17, 2014 / Manufactured and Modular Housing News

The Luna County government in Deming, New Mexico, says they’ve been losing revenue when manufactured homes are moved by owners without paying taxes on their homes. The town of 14,855, with some 25,000 residents in the entire country, is located 33 miles from the Mexican border. They estimate losing approximately

Ringing in 2015, RV/Manufactured Housing Hall of Fame Style Read More

Ringing in 2015, RV/Manufactured Housing Hall of Fame Style

By MHProNews / December 16, 2014 / Manufactured and Modular Housing News

For those who desire to ring in and celebrate New Year 2015 with other RV and Manufactured Housing enthusiasts and industry members, there may be no better place that the RV/MH Hall of Fame’s North Indiana Event Center. Their party is set to begin at 7:30 PM. The gala features

Most Manufactured Home Community Stocks Rise with MH Composite, Big Oil still dampens Dow Read More

Most Manufactured Home Community Stocks Rise with MH Composite, Big Oil still dampens Dow

By MHProNews / December 16, 2014 / Manufactured and Modular Housing News

Most MH Community stocks rose today, as did the Manufactured Housing Composite Index and most MH suppliers. Oil struggled with a rebound that fluttered and fizzled. Russia’s oil and currency woes are so under assault that Apple suspend the online sales of their products there. Today’s trade results at the

Manufactured Home Communities REIT Produces Significant Income in 2014 Read More

Manufactured Home Communities REIT Produces Significant Income in 2014

By MHProNews / December 16, 2014 / Manufactured and Modular Housing News

ChicagoBusiness reports that Chairman Sam Zell’s Equity Lifestyle Properties is the third most prosperous Real Estate Investment Trust (REIT) in Chicago. It seems that shares in the company have returned 42.5 percent this year, largely because of rising occupancies and rents and lower-than-expected expenses. The company boasts a 92 percent

Best Housing News in 10 years: Good News or Wishful Thinking? Read More

Best Housing News in 10 years: Good News or Wishful Thinking?

By MHProNews / December 16, 2014 / Manufactured and Modular Housing News

According to Chris Matthews writing in Fortune, “Homebuilders just got the best news in nearly a decade.” His claim is based on the fact that Neil Dutta, head of economics at Renaissance Macro Research, pointed out to clients in a note on Thursday that “household formations in 2014 through September

Honoring the Past – Prefabs Built to Last Read More

Honoring the Past – Prefabs Built to Last

By MHProNews / December 16, 2014 / Manufactured and Modular Housing News

After the end of World War II, there was an urgent need for housing in England due to the fact that so much had been destroyed during the conflict, particularly in London. As a result, according to information furnished by the Prefab Museum in London, 150,000 prefabricated buildings were built

Rising Manufactured Housing Composite Value Outperforms markets, Russian Ruble tumbles 12% Read More

Rising Manufactured Housing Composite Value Outperforms markets, Russian Ruble tumbles 12%

By MHProNews / December 15, 2014 / Manufactured and Modular Housing News

The good news is that manufactured housing related stocks tracked rose today, while the 3 major U.S. markets continued their downward trend. As Russia slides toward economic woes tied to their oil-and-gas-dependent economy, CNN Money says that purchases by Putin’s Russian government of military equipment is on the rise. Today’s

Tastes in Housing Reflect Changing Lifestyles, can Manufactured Housing businesses benefit? Read More

Tastes in Housing Reflect Changing Lifestyles, can Manufactured Housing businesses benefit?

By MHProNews / December 15, 2014 / Manufactured and Modular Housing News

The trend in building a “dream” house or buying a luxury home with lots of square footage has changed for some as people adapt to decreasing incomes and uncertainty about employment. Frugality is becoming a virtue, and smaller homes are being chosen for their low cost, low taxes and upkeep,

Proposed Changes to Dodd-Frank in New Federal Budget Offers Hope to Manufactured Housing Industry Read More

Proposed Changes to Dodd-Frank in New Federal Budget Offers Hope to Manufactured Housing Industry

By MHProNews / December 15, 2014 / Manufactured and Modular Housing News

For awhile, it seemed doubtful that any changes to the Dodd-Frank bill governing financing for residential or manufactured housing (MH) might pass. Now, there seems to be a ray of hope for the MH industry. The evidence is a rider attached to the 2015 federal budget passed late on the