News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Changes to Edmonton, Alberta, Canada’s by-laws have led to a mini-boom in modular container homes, called laneway housing locally, small homes added to property that may already contain a regular size family home. Honomobo co-founder Daniel Engelman, who has teamed up with Devon Siebenga, president of BigSteelBox Structures in Kelowna, […]
Modular Container Homes Rising in Edmonton, Alberta Read More
Updating a story MHProNews last posted July 5, 2016 regarding attempts by residents of the Lowry Grove manufactured home community (MHC) in north Minneapolis to forestall the sale of their community because the owner did not offer them first right of refusal before selling it to a developer, the Minnesota
Minn. Attorney General Files Brief to Halt Sale of Community to Developer Read More
In a gala ceremony before 300 friends, family and colleagues, the Class of 2016 was inducted into the RV/MH Hall of Fame (Hall) Aug. 1, at the Hall in Elkhart, Indiana. Prior to the induction ceremonies, Hall President Darryl Searer said after four years, with support from individuals and companies,
Class of 2016 Inducted into RV/MH Hall of Fame Read More
In the news from CNNMoney: Seniors are getting locked out of Social Security. Subway has a new ‘fresh’ logo. American Airlines agrees to double-digit pay raises. Nazi leader Nermann Göring’s gold plated Walther PPK handgun up for auction. U. S. economy hired 255,000 new workers in July, it’s second straight
Dow Comes Back Strong; MHCV Outgained the Dow, +1.79 percent Read More
Following up on the recent Senate passage of a bill that passed in the House in February – The Housing Opportunity through Modernization Act (HOTMA), posted on MHLivingNews and picked up hundreds of mainstream media outlets and advocacy sites – President Obama signed that bill it into law, as expected. The bill willl allow
Bill to Use Section 8 Vouchers to Buy Manufactured Home Signed by President Obama Read More
The Hendersonville (North Carolina) City Council approved a special use permit and four variances to redevelop the Whiteside’s Green Acre Mobile Home Park into the Claystone Manufactured Home Park, an age-restricted 55 and older community with 31 home sites, front porches and carports. Whiteside currently has 31 sites but only
Redevelopment of MH Community in North Carolina Approved Read More
MHProNews has learned from rebusinessonline that Farmington Hills, Mich-based RHP Properties has acquired two manufactured home communities (MHC) in East Hartford, Conn. Both the 263-home site Rivermead Manufactured Home Community and the 199-home site Colonial Manufactured Home Community are all age communities but with a focus on seniors. RHP now
RHP Acquires two MHCs in Connecticut Read More
Elkhart, Indiana-based Drew Industries, Inc. reported consolidated net sales for the second quarter of 2016 increased to $441 million, 22 percent higher than the same period in 2015. “Our operating profit in the second quarter of 2016 improved to more than $59 million, compared to nearly $34 million in the
Drew Reports Net Sales 22% Above Last Year’s Comparable Quarter Read More
A modular apartment building with 11 single bedroom apartments for Ute Mountain Indian tribal members will result from an $871,000 grant to Colorado’s Department of Local Affairs (DOLA) Division of Housing, as cortezjournal informs MHProNews. The apartment units in Towaoc will specifically target homeless, those at risk of becoming homeless
Modular, Manufactured Homes Coming to Ute Mountain Indians Read More
In the news from CNNMoney: Cheap oil has eradicated almost 200,000 jobs. GE CEO says all new hires will learn to code. Wendy’s credit card hack hit 1,000 restaurants. Pokemon Go leads teen to dead body. Nigeria is pumping millions into space program. Virtual reality wedding preserves it forever. SeaWorld
Skyline Advances +5.02%; Drew Industries Close behind at +4.88% Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in June 2016 rose 20.4 percent over June of 2015, 6,062 last year compared to 7,299 for June 2016. According to official statistics released by the Dept. of Housing and Urban Development (HUD),
Production of HUD Code Homes up 20 Percent Read More
California modular home builder U. S. Modular, Inc. has been custom-home-building busy on the beach just south of San Diego at Ocean Beach. The latest, with a foundation currently being laid, is expected to be ready for occupancy next month, as sdnews informs MHProNews at this time. Vice president of
Modular Homes Rising above the Ocean outside San Diego Read More
Ritz-Craft Custom Homes will be opening its third plant in Mifflinburg, Pennsylvania due to a strong demand from builders doing work in residential developments, aided likely by the recent closing of the Excel Homes plant some 40 miles away in Liverpool, as MHProNews posted May 16, 2016. Ritz-Craft sells directly
Modular Home Builder Opening Third Plant in Mifflinburg Read More
Henderson County Commissioners in Texas have agreed to consider a request for a tax abatement from Clayton home building group, as themonitor informs MHProNews, and will hold public hearings on the matter. Clayton home building group has purchased a property formerly owned by Champion Homes, and plans to hire 250
Clayton Moving in where Champion Homes Moved Out Read More
Real estate investment trust (REIT) and manufactured home community (MHC) owner Sun Communities, Inc. released its quarterly financials, reporting $0.85 earnings per share (EPS), beating analysts’ consensus by $0.03, as thecerbatgem informs MHProNews. Although revenue was $140 million, well below the consensus estimate of $165.78 million, revenue was up 15
Sun Communities Beats Analysts EPS Estimate by $0.03 Read More
In the news from CNNMoney: Dow ends seven-day losing streak. Over 100 people laid off at Time Inc. Chinese elevated bus glides over traffic, reducing gridlock. Trump vows to outspend Clinton on roads, bridges. Atlantic City’s Trump Taj Mahal to close during strike. Private company gets OK for a moon
Dow Reverses Seven-Day Drop; Northstar Realty Finance Tops MH-related Gainers Read More
A new study by by the Research Institute for Housing America (RIHA) reveals that three of the major housing affordability indices studied do not tell a definitive story, but offer tendencies, as mpamag tells MHProNews. Donald Haurin, economics professor at Ohio State University, noting the many ways to measure housing
Housing Affordability Data Suggestive rather than Definitive Read More
MHProNews has learned from baseballnewssource that Phoenix-based Cavco Industries, Inc. (NASDAQ:CVCO) will release its quarterly earnings report on Wed., Aug. 3, 2016 after the close of the market. Analysts anticipate earnings per share will come in at $0.60. At the last quarterly report on May 26, the company reported earnings
Cavco Industries Set to Release Quarterly Financials Read More
Updating a story MHProNews posted July 28, 2016 regarding a lawsuit brought against a manufactured home community (MHC) owner in Pennsylvania for closing his community and neglecting to notify the residents of his responsibility to pay relocation costs, MHC owner Bill Chen is now suing a former resident for failure
MH Community Owner Slapped with Lawsuit, Slaps back at Former Resident Read More
Home prices rose in June 5.7 percent year-over-year, a slight drop from the 5.9 percent rise in prices in May, as CoreLogic tells nationalmortgagenews. The increase over May was 1.1 percent, MHProNews has learned. Prices for July will increase 5.3 percent year-over-year, and 0.6 percent on a month-over-month basis, CoreLogic
Home Prices in Northwest Nearly Double National Average Read More
