MHProNews has learned Dowling Construction Co. in Oshkosh, Wisconsin lost its entire 25-person construction staff in 2008 in the wake of the housing bubble. The company was not able to hire anyone until they brought on two employees last year; they are now up to five workers, and have branched […]
Changing Housing Market Leads Company to Modular Homes Read More
Following a story MHProNews posted May 5, 2015 regarding Cavco Industries, Inc.’s (NASDAQ:CVCO) acquisition of Fairmont Homes, the Nappanee (Indiana) City Council took the first step towards a tax abatement for Cavco’s proposed economic development and expansion of Fairmont, which would bring added growth to the area. Noting that the
Cavco Seeks Tax Abatement to Upgrade Fairmont Homes Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports that 66.5 percent of new and existing homes sold between January and March this year were affordable to families earning the median income of $65,800, the point at which half U. S. incomes are higher and half
Interest Rates, Median Home Price Falls Read More
In the News: Bidding for lunch with Warren Buffett moves above $1 million, healthcare companies looking to cash in on aging boomers while corporate America tries to get their children to buy other goods, Congress is to blame for the disparity in income inequality, and auto sales in May were
MHCV Moves Up, Nobility Homes Advances Sharply, while Dow & Friends Slip Read More
A Calgary, Alberta, Canada company that is building a modular motel in Sioux Lookout, Ontario, Canada from steel shipping containers has plans to repeat the concept in the small town of Brudenheim near Fort Saskatchewan in central Alberta. Rhys Kane, business development director for Ladacor, says, “You can modify these
Canadian Containers become Modular Motels Read More
In the News: Bidding for lunch with Warren Buffett rises above $500,000, Americans are saving and not spending, Hillary Clinton slams hedge funds, and Lindsey Graham’s hat is in the ring for the presidency. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.68 percent, to close at 660.1 for
MHCV Gains more Percent than Dow, Nasdaq, and S&P Combined Read More
In response to an article by the editorial board of The New York Times in the May 20, 2015 edition which asserts that the Preserving Access to Manufactured Housing Act (H. R. 650) would increase predatory lending to consumers of manufactured housing, and would give Clayton Homes 90 percent of
MHI CEO Richard Jennison Defends H. R. 650 Read More
Back in the early 1980s when interest rates were running around 15 percent, veteran North Carolina builder Homer Wright constructed Northridge Mobile Home Park in Eden, North Carolina so those of modest means could find an avenue to affordable homeownership. The manufactured home community has 130 home sites, and at
Manufactured Home Sites Transitioning to Stick Built Read More
The U. S. news this week was dominated by the flooding that ravaged Texas, leading to the loss of some 30 lives, 4,000 damaged homes and millions of dollars in damages. In manufactured housing news, residents at an MHC threaten to move because of high utilities, UMH acquires another MHC,
Sunday Morning Recap–May 24, 2015 to May 30, 2015 Read More
Swedish architect Jonas Wagell has designed a modular home that is delivered flat-packed and requires only two days to assemble on site. The design includes an insulating polystyrene core clad with plywood or plastic laminate. The Mini House modules consist of prefabricated walls, framing, roofing and trim-less windows. Wagell tells
Recyclable Mini House Assembles in Two Days Read More
A member of the board of directors of Drew Industries, Inc. (NYSE:DW), John B Lowe sold 10,000 shares of Drew stock on May 27, 2015, according to a filing with the Securities and Exchange commission (SEC) dated May 29, 2015. The shares were sold at $60.57 per share for a
Another Drew Principal Unloads Stock Read More
Brisbane’s Queensland (Australia) University of Technology researchers Karen Manley and Dale Steinhardt report 84 percent of Sweden’s homes contain some prefabricated wood elements, far beyond the under five percent for the UK, Australia and the United States. In between are the Netherlands with 20 percent of all new housing using
Factory-built Homes more Prevalent in Scandinavia and Japan Read More
In Today’s News: AmEx President Ed Gilligan Dies, Anheuser-Busch is canning clean drinking water for flood victims in Texas and Oklahoma, Michael Jackson’s Neverland Ranch is on the market for $100 million, and a customer left a $2,000 tip in a D. C. restaurant on a $93. tab. Meanwhile, the
MHCV Moves Up; Dow, Nasdaq, S&P 500 Move Down Read More
The 59 percent increase in water and garbage pickup rates in New Sarepta, Alberta, Canada has some residents of the New Sarepta Mobile Home Park and the city ready to leave. A group of citizens attended the Leduc County Council meeting to request changes. Rate hikes went into effect in
Manufactured Home Community Residents Balk at Utilities Increase Read More
Four much-needed modular duplex rental units have been added to the Lower Sioux Community housing stock for tribal member families in southwest Minnesota. Known as Lower Sioux Estates, construction of the three and four-bedroom, two bath units began in the fall of 2014 following the application in 2012. With funding
Modular Homes Constructed on Tribal Land Read More
According to housingwire, the Oklahoma County Property Assessor records indicate leading progressive Democrat Elizabeth Warren allegedly took advantage of a housing market transaction that many do and have done, and one she purportedly condemns—flipping houses. She purchased a home for $30,000 in Oklahoma City in he early 1990s, and five
Senator Elizabeth Warren Flipped Houses Read More
In the News: Oxford University has first female president in 800 years, San Francisco has the hottest luxury housing market followed by Bangalore, India, and Carl’s Jr. burgers (also known as Hardee’s) is offering a 1,000 calorie burger. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) moved up +0.63 percent,
MHCV Outpaces the Dow; Most Tracked Stocks Gain Read More
MHProNews has learned that UMH Properties, Inc. (NYSE:UMH) has purchased a 158 site manufactured home community (MHC) in northeastern Pennsylvania for $3,517,000. The all-age community is situated on 43 acres in the Marcellus and Utica Shale regions where the demand for housing is being driven by energy exploration workers. Current
UMH Continues Expansion Plans Read More
The National Association of Realtors (NAR) reports that pending home sales rose again in April, 3.4 percent over March, following March’s increase of 11 percent over March 2014. April’s rise was 14 percent year-over-year, the highest level since 2006, says realtor. NAR’s chief economist Lawrence Yun remarks about today’s numbers:
Pending Home Sales Continue Rising Read More
Following a story we first posted May 18, 2015 regarding a development in North Platte, Nebraska that will include modular housing for low-to-moderate income residents, nptelegraph informs MHProNews that nine developers have shown interest in building 21 units of the 43 DEVCO intends to complete with the $344,000 funding. Called
Plans for Modular Housing Moving Forward Read More
