Manufactured and Modular Housing News

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.

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Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending

By / / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in manufactured housing. However, financing costs are being driven up by the Consumer Financial Protection Bureau (CFPB) implementation of the Dodd-Frank law. Additionally, […]

Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending Read More

Manufactured Housing is Moving in New Mexico

By / / Business, Company News, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, Trends

Mark Duran, executive director of the New Mexico Manufactured Housing Association, stated the resurgence in appeal of the manufactured home (MH) stems from the desire of home ownership, built-in amenities and lower cost, and today’s buyers range from the starter home set to the well-being who have often cashed out

Manufactured Housing is Moving in New Mexico Read More

Minority-owned Builder Plans Modular Homes as Infill in Minneapolis

By / / Announcements, Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

In an attempt to revitalize Minneapolis’ North Side which is plagued with crime, high unemployment and boarded-up housing, the largest black-owned business in Minnesota is moving its headquarters to the area. It intends to establish a new company that will sell and site modular homes as infill for some of

Minority-owned Builder Plans Modular Homes as Infill in Minneapolis Read More

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016

By / / Advocacy, Announcements, Awards, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com NeighborWorks, Clayton Homes Partner with Next Step Homes in Waco, Texas How a Professional Couple saved $100,000 on a New Home in Tennessee What’s New in Manufactured Housing Industry Professional News MH Communities closing in Minnesota, New York. Cavco stock closes above $100.

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016 Read More

North Carolina Grant will help MH Residents Repair Homes

By / / Awards, Manufactured and Modular Housing News, Manufactured Homes

The Pitt County (North Carolina) Planning Department has received a $100,000 from the North Carolina Housing Finance Agency’s Urgent Repairs program to assist families who own manufactured homes (MH) that need repair but do not own the land. Most MH repair grants require the homeowner to own the land as

North Carolina Grant will help MH Residents Repair Homes Read More

Former MH Community Property will Host Modular Homes for Homeless

By / / Announcements, Communities, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

The one-time site of a manufactured home community in Caversham, United Kingdom will soon see 28 modular homes for homeless families, as MHProNews has learned from getreading.co.uk. The goal of the Reading Borough Council is to address the chronic lack of temporary housing in the borough and reduce the use

Former MH Community Property will Host Modular Homes for Homeless Read More

Minnesota MH Community Closing, Consultant Helping with Relocation

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

Shady Oaks Mobile Home Park in St. Cloud, Minnesota will close in August, 2016, and Le Sauk Township will enlist the assistance of Wilson Development Services to help with relocation efforts for the residents, according to sctimes. The state requires communities that are closing to give residents a nine-month notice,

Minnesota MH Community Closing, Consultant Helping with Relocation Read More

Cavco’s Stock Gains 4.76%, closes at $100.23

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

In the news from CNNMoney: Verizon reaches deal with 36,000 striking workers. Fed Chair Janet Yellen says rate hike will be appropriate soon. Twenty-three percent of U. S. homes have two refrigerators. French gasoline shortages fueling interest in electric cars. Trump’s Energy Plan: Regulate less, drill more. U. S. economic

Cavco’s Stock Gains 4.76%, closes at $100.23 Read More

Drew Declares Quarterly Dividend

By / / Announcements, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

According to streetinsider, Drew Industries, Inc. (NYSE:DW) has declared a quarterly dividend of $0.30 per share, or $1.20 annually. To stockholders of record on June 6, 2016 the dividend will be payable June 17, 2016. The ex-dividend is set for June 2, 2012. Annual yield on the dividend is 1.6

Drew Declares Quarterly Dividend Read More

New Home Sales Spike; Pending and Existing Home Sales also Rise

By / / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

Pending home sales rose for the third consecutive month in April, this time hitting the highest level since Feb. 2006, as 12newsnow reports to MHProNews. The National Association of Realtors (NAR) said its seasonally adjusted pending home sales index billowed 5.1 percent in April to 116.3, just shy of the

New Home Sales Spike; Pending and Existing Home Sales also Rise Read More

Modular Home Dealer Ordered to Jail on 21 Theft Charges

By / / Business, Company News, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

Harking back to a post MHProNews published Feb. 23, 2016 regarding Wyoming Homes owner David Valenti pleading guilty to 19 counts of theft for not delivering modular homes for which he had been paid, he has now pleaded guilty to 21 counts of theft, alleging he stole over $240,000 from

Modular Home Dealer Ordered to Jail on 21 Theft Charges Read More

Investors Alter Stakes in Sun Communities and Patrick Industries

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

Netols Asset Management, after selling 4,064 shares of Sun Communities, Inc., reduced its stake in Sun Communities Inc., (NYSE:SUI) to 142,175 shares valued at $10.1 million, as themarketdigest informs MHProNews. Hedge fund Daiwa Securities Group added 447,536 shares of Sun to its portfolio and currently has a stake valued at

Investors Alter Stakes in Sun Communities and Patrick Industries Read More

Skyline Advances the most on Otherwise Quiet Trading Day

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

In the news from CNNMoney: Abercrombie’s stock falls 16 percent after admitting fewer shoppers are coming to its stores. McDonald’s raided by French police after tax probe. Signet Jewelers—Zales, Jared, Kay, and Piercing Pagoda—reported disappointing sales, stock fell ten percent. Pittsburgh Steelers using a robot to reduce injuries during practice.

Skyline Advances the most on Otherwise Quiet Trading Day Read More

Lawsuit Charges Eviction from MH Community is Discriminatory

By / / Advocacy, Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews posted a story May 25, 2016 regarding the Waples Mobile Home Park in Fairfax, VA being charged with violation of federal and state fair housing laws for evicting residents who do not have Social Security cards, which a legal aid group says is discriminatory because it disproportionately affects Latinos.

Lawsuit Charges Eviction from MH Community is Discriminatory Read More

Manufactured Housing Institute’s National Congress and Expo for Manufactured and Modular Housing

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

From naplesnews, MHProNews has learned Fort Myers, Fla.-based Murex Properties won the 2016 Community of the Year award, Western Region for its Dolce Vita manufactured home community (MHC) east of Phoenix. The annual honor was bestowed upon Murex at the Manufactured Housing Institute’s National Congress and Expo for Manufactured and

Manufactured Housing Institute’s National Congress and Expo for Manufactured and Modular Housing Read More

MH Community Closing, Residents trying to Stave off Displacement

By / / Business, Communities, Company News, Finance, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Following a story MHProNews last posted May 5, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in suburban Minneapolis, theuptake reports the 96-home site community residents, mostly people of color, are attempting to raise $6 million to counter the offer of Continental Property Group (CPG)—but they

MH Community Closing, Residents trying to Stave off Displacement Read More

Cavco Industries Releasing Quarterly Numbers May 26

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

MHProNews has learned from globenewswire that manufactured and modular home producer Cavco Industries, Inc. will release its financials for the fourth quarter of fiscal year 2016 on Thurs., May 26, 2016, after the close of the market. On Fri., May 27, 2016, at 1 PM eastern daylight time, senior management

Cavco Industries Releasing Quarterly Numbers May 26 Read More

U.S. Flag, Scales of Justice

VA MH Community Charged with Violating the Fair Housing Law

By / / Announcements, Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

Four Latino families have alleged that Waples Mobile Home Community and its management company, A. J. Dwoskin & Associates in Fairfax, Virginia, violated the Fair Housing Act, the Virginia Fair Housing Law and the Manufactured Home Lot Rental Agreement. They claim the community owners refused to renew the leases of

VA MH Community Charged with Violating the Fair Housing Law Read More

Northstar, Skyline Advance over Four percent

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

In the news from CNNMoney: China’s currency is at five-year low. Five scammers arrested in IRS impersonation scheme. Jury convicts man for $17 million arms deal with Colombian terrorists, despite claims of ties to CIA. Will Congress compel Donald Trump to release his taxes. The housing market is one strong

Northstar, Skyline Advance over Four percent Read More

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