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.
The 80-100 residents at Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona will have to relocate by January following the purchase of the land last year for over $3 million by MHP Scottsdale LLC, led by developer Ryan Hartman, according to azcentral. While many of the residents …
Arizona Manufactured Home Community will be Repurposed under New Ownership Read More
Capital One’s Manufactured Housing Finance has engineered a $5.9 million Fannie Mae fixed-rate loan to refinance Rio Plaza Mobile Home Estates (MHC) in King City, California. MHProNews has learned from multihousingnews the community is located in Monterey County 50 miles southeast of Salinas. The 110 homesite all age manufactured home …
Through a series of interviews with manufactured housing industry professionals, politicians and consumers and a bevy of statistics and graphs, MHLivingNews and MHProNews publisher L. A “Tony” Kovach documents the pitfalls and stumbling blocks that prevent manufactured housing from becoming a major player in meeting the growing need for affordable, …
The Path to the Rebirth of the Manufactured Housing Industry Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that, based on statistics released by the Department of Housing and Urban Development (HUD), HUD Code production for April, 2015 hit 6,085 homes, a 7.6 percent increase above the 5,653 produced in April, 2014. Total production for the year is …
HUD Code Production of Manufactured Homes Continues Climbing Read More
In the News: U. S. and world economies slowing down, OPEC barrels over U.S. oil markets, China is beating U. S. in health research, and FIFA President sepp Blatter resigns Post, and ADP says 201,000 jobs were added to the private sector last month. Meanwhile, the Yahoo Manufactured Housing Composite …
Nobility Plummets -6.94%; MHCV Again Out paces Dow Read More
Australian modular builder Ecoliv built a show home for the 2014 Sustainable Living Festival, according to treehugger. It features numerous green attributes including a vertical garden at the front entryway, a dry-tolerant garden fed with greywater and water cachement, a 2 kilowatt grid-connected solar system and solar hot water, electric …
“Hispanics are one of the fastest growing demographics, and their prospects for homeownership and what they will seek from communities in a lot of ways will reflect the outlook for the entire country,” says Louise Keely, president of the non-profit think tank The Demand Institute, a joint operation of The …
Burgeoning Hispanic Demographic presents Opportunities for Manufactured Housing Read More
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 …
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 plan to modify 25 shipping containers into modular housing units that would each be subdivided into three or four living spaces of 40 to 53 square feet to house the homeless in Oahu, Hawaii has been announced by Honolulu Mayor Kirk Caldwell. The aim is to provide temporary living …
Shipping Containers will become Modular Housing for the Homeless in Hawaii Read More
On the heels of the Seattle Times/Center for Public Integrity’s stinging criticism alleging predatory lending practices by the manufactured housing industry in general, and Warren Buffett/Clayton Homes in particular, MHProNews reached out to Sen. Joe Donnelly (D-IN), who introduced the bipartisan bill S 682, Preserving Access to Manufactured Housing in …
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 …
A four-bedroom, two-story, Cape Cod modular house built by dozens of high school students at Portland Arts and Technology High School (PATHS) over the course of four academic years was finally sold and sited on the new owners foundation in Durham, Maine. A couple moving back from out of state …
The Giles County High School Technology Center Building Trades in Pearisburg, Virginia west of Roanoke is putting the final touches on a modular home that will be trucked to a site June 26 where a father and son will move into the home in August, according to roanoke. The 1,200 …
High School Building Modular Homes for Habitat for Humanity 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 …
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, …
