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.
In the news from CNNMoney: Sam Zell donating $60 million to business school at U. of Michigan. New York building one of the largest Ferris wheels ever with help from the Chinese. Nuclear deal with Iran finalized, drawing yeas and nays. Microsoft launches tool to rid internet of child porn. […]
Skyline Loses Gains from Yesterday; MHCV, Dow Slip Read More
Luxury modular homebuilder C3 Design, Inc. in Greenwood, Mississippi has purchased Franklin Homes of Russellville, Alabama which has produced modular residential and commercial buildings for 46 years. C3 Designs owner Fred Carl, Jr. tells MHProNews he will invest in infrastructure and expansion of the Franklin line, but it will continue
Modular Alabama Homebuilder Sold to C3 Design Read More
An attempt by Danny Wyant to site three new single-section manufactured homes (MH) on his mother’s property in Waynesboro, North Carolina is being met with stiff opposition from neighbors and the city council, even though Planning Director Michael Barnes said current ordinances do not prohibit the placement. Siting of manufactured
Council Set to Deny Siting Request for three New Manufactured Homes Read More
While the tiny home movement is springing up in different parts of the country with newly-built homes and modular micro apartments ranging in size from 200 to 500 square feet, Hugh Siler has restored an original 1923 four-plex in Orange County, California, each apartment with 475 square feet. When Siler
Vintage Tiny Home Living Nearly One Hundred Years Old Read More
Updating a post MHProNews published July 6, 2015 regarding the 1.1 percent rise in production of HUD Code homes in May over May 2014, the Manufactured Housing Institute (MHI) has revised the increase to 1.6 percent, 5,828 homes over the 5,798 first reported. Additionally, production of single-section homes fell 2.5
Multi-section Home Production Rose in May Read More
In the news from CNNMoney: Oil prices rose after the announcement of the nuclear deal with Iran. Retail sales have been negative or flat in the first six months of this year, falling -0.3 percent in June compared to May. Rapper 50 Cent Files Bankruptcy. Frontier Airlines has widened the
Deer Valley Corp. Plummets; Skyline Corp. Rises; Dow Regains more Lost Ground Read More
Founded in 1923, the oldest manufactured home community (MHC) in Vermont will soon become a resident-owned community, as residents of Farrington Mobile Home Park announced they completed a deal to acquire it from the Farrington family. After months of negotiations, the North End Co-op reached terms with the family, and
Vermont Land Lease Community to become Resident Owned Read More
In thehill blog, Rep. Stephen Fincher (R-TN), a member of the House Financial Services Committee reiterates his call for the Consumer Financial Protection Bureau to support his bill to restore access to financing for manufactured home buyers. He writes, “Manufactured homes are commonly more affordable than a rent payment and
Rep. Fincher: CFPB Continues to Prevent Access to Manufactured Housing for Millions Read More
The village of Somers, Wisconsin has issued 17 violations against the Alfred and Embassy Mobile Home Park for bad skirting, dangerous stairs, tall weeds, and junk in the middle of the street that could block first responders, according to kenoshanews. Trustee Joe Cardinali said the general appearance of the community
Manufactured Home Community Hit with Multiple Violations Read More
Following a story MHProNews posted July 9, 2015 regarding the Huntsville (Texas) City Council initial vote to prohibit manufactured homes from being sited inside the city limits, unless they are in a manufactured home community, opposition to the vote has surfaced. Due to be finalized at the July 21 city
Huntsville City Council to Vote on Prohibiting Manufactured Homes from City Read More
In the news from CNNMoney: Oil prices fall as deal with Iran approaches. Landscape architects cashing in on California drought. Half of Americans are saving very little. Walmart CEO states the company is a ladder of opportunity. Oregon passes legislation to offer free community college. Meanwhile, the Yahoo Manufactured Housing
Patrick Industries Advances Smartly; Dow Regains more Lost Ground; MHCV Edges up Read More
According to dailyherald, a shortage of buildable lots is the latest blow to what has become a modest housing recovery, the National Association of Home Builders (NAHB) tells MHProNews, as 62 percent of home builders say the availability of lots is low to very low in their areas. This marks
Buildable Lots Shortage Indicates continuing Tepid Housing Recovery Read More
A resident at the Misty Mobile Home Park in Rupert, Idaho claims water pressure in her manufactured home (MH) is sometimes so low she is unable to flush the toilet or take a shower, especially on weekends. She also says raw sewage sometimes seeps from pipes outside. According to magicvalley,
Manufactured Home Community Resident Complains of Water, Sewer Issues Read More
What’s new in Manufactured HomeLivingNews.com http://manufacturedhomelivingnews.com/semper-fi-video-patriotic-4th-of-july-with-marine-manufactured-home-owner-james-hodges-new-durham-estates-westville-in/ What’s new in Manufactured Housing News Production of MH continues to rise, a Supreme Court ruling may challenge rights of community owners, while Wells Fargo pursues MHC financing. Grand opening of MHC celebrated in Michigan, community converts to resident-owned in Northeast, and record attendance
According to the National Association of Real Estate Investment Trusts (REIT), in the first six months of 2015 manufactured homes were the REIT industry’s best performers, posting a 3.75 percent return. Self storage REITs came in a close second at 3.72 percent. Apartments gained +0.82 % during the first half,
Manufactured Homes Post the Top Returns Read More
The Wilkesboro (North Carolina) Town Council updated codes and ordinances that apply to new manufactured home communities (MHCs), including an amendment requiring approval by the Wilkesboro Board of Adjustments (BOA). Ordinances were last updated in the 1960s. Under the amended ordinance, there can be no more than five MH per
North Carolina City Updates Manufactured Home Community Regulations Read More
Several residents of The Woodlands manufactured home community (MHC) in Lockport, New York were told two years ago that the owner of their community would repair cracks that had begun appearing in the walls, ceilings and floors of their manufactured homes (MH). Although Equity LifeStyle Properties owns the community, but
Work has Begun to Repair Manufactured Homes in Land Lease Community Read More
In the news from CNNMoney: Iraq is pumping more oil than ever. Fed Reserve head says rate hike will come later this year. Germans want PM Merkel to say no to Greece. The number of publicly traded stocks has dropped from 7,562 in 1998 to 3,812 today. Meanwhile, the Yahoo
Nearly all Tracked Manufactured Housing Stocks Rise, as did the MHCV Read More
Chapter 40B, Massachusetts’ comprehensive permit law, which encourages the production of affordable housing, allows developers of low cost housing to override some local zoning laws if the affordable housing stock of the community does not equal ten percent of total homes. Specifically, the new housing projects do not have to
Legislation would Classify Manufactured Homes as Affordable Read More
MHProNews has learned Interfaith Housing Services in Hutchinson, Kansas has received two parcels of land from the Hutchinson Land Bank to construct two modular homes. The non-profit only had to pay closing costs, according to hutchnews. Interfaith’s director of operations, Ron Fisher, said the three-bedroom, two-bath homes will each have
Non-Profit Adding Modular Homes to Housing Stock Read More
