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.
“We believe that the manufactured housing mortgage space is poised to make a comeback in the capital markets,” says Stephan Wheeler, managing director and chairman of HAS Capital, LLC. HAS has just appointed Scott MacFarlane to manage the company’s manufactured housing (MH) funding programs and develop their national originations platform, …
HAS Hires MacFarlane for New Manufactured Housing Position Read More
Due to an extended Inside MH Road Show, the prior week at the MHI Congress and Expo, pending special announcements and other factors, the new Featured Articles (FAs) on MHProNews are scheduled to go live by approximately 11 PM May 2nd. Until then, you’ll find recent articles on MHLivingNews.com, such …
New Featured Articles Scheduled to Go-Live by 11 PM May 2 Read More
The private research group the Conference Board reports consumers are more worried about the economy as well as the outlook for the future. As the Wall Street Journal tells rvbusiness, its index of consumer confidence dropped to 95.2 in April, from 101.4 in March. Consumers’ assessment of current economic conditions …
Carefree Communities, Inc. of Scottsdale, Arizona acquired Central Park manufactured home (MH) and recreational vehicle (RV) communities in Haines City. Florida, April 23. Located 90 miles from Tampa and Orlando, the age-restricted 55+ Central Park MH has 110 homesites, and the Central Park RV community has 368 sites. Both communities …
MHProNews has learned from riverheadnewsreview on Long Island, New York that single-family home construction has risen in Riverhead Town, nearly doubling last year over 2013, including factory-built homes. Although it is considerably less than the 381 permits let in 2002 and 271 in 2003 in the run-up to the housing …
The Euro traded as high as $1.10 in this week’s trading, returning from a 12-year low of $1.05 last week; the NFL draft is big news tonight; oil billionaire Boone Pickens says crude oil is heade back to $70 a barrel; and economist Nouriel Roubini says the riots in Baltimore …
Most Tracked Manufactured Housing Stocks Fall; Dow drops Nearly 200 Points Read More
Following a story MHProNews last published March 18, 2015, regarding Buncombe County, North Carolina officials considering lifting a ban on manufactured homes (MH) in all residential areas of the county, over a dozen residents spoke opposing it at a Board of Commissioners meeting April 7. Although the topic was not …
County Hears from Citizens Regarding Expansion of Manufactured Housing Read More
Distributor of building and component supplies to the manufactured housing (MH) and recreational vehicle (RV) industries, Patrick Industries, Inc. (NYSE:PATK) reports for Q1 2015 net sales increased $53.5 million, 31.3 percent, to $223.4 million from $170.1 million for the same period of 2014. Sales to the MH industry rose 18 …
The former president of Better Built Homes of St. Augustine, Florida has been arrested and now faces eight counts of misappropriating construction funds between $1,000 and $100,000, and one count of larceny. According to staugustine, a release from St. John’s County informs MHProNews William Keith Leary allegedly accepted approximately $500,000 …
Owner of Modular Homes Business Faces Embezzlement Charges Read More
According to thehill, home prices increased as Standard & Poor’s/Case Shiller 20-city index notched a five percent annual gain in February, an increase over the 4.5 percent pace in January, marking 34 months of growth. “Home prices continue to rise and outpace both inflation and wage gains,” said David Blitzer, …
Pope Francis Decries the Pay Gender Gap, the Federal Reserve is not ready to Raise Interest Rates Yet (they have not been raised since 2006) and GDP grew only 0.2 percent in Q1, 2015. The Yahoo Manufactured Housing Composite Value (MHCV) fell more than any of the three major indexes, …
MHProNews has learned from bloomberg pending home sales of previously-owned homes for March rose 1.1 percent following a revised 3.6 percent jump in February, which was the biggest increase since October 2010, according to figures from the National Association of Realtors (NAR). The increase was one tenth of one percent …
A man in Arizona claiming to be a contractor, licensed manufactured home mover and man of God “doing the Lord’s work” is actually convicted con artist Gerald Brenner, according to the Pima County Sheriff’s Department (PCSD)in Tucson. Alleged victim Nigel Morgan contacted him through an ad on Craigslist, and now …
Disappearing Manufactured Homes Sold by Alleged Con Man Read More
The prototype of a super energy-efficient modular home with zero carbon footprint will be completed this summer in Henderson, Nevada, and the designer, Aeron Tozier, hopes to spread his concept nationwide. Set to be “super insulated” with radiant heat barriers and rigid, spray and batt insulation, he also plans to …
If the Forge Land Company can get around neighborhood opposition, it will turn two parking lots in the Tenderloin District of San Francisco into two eight-story modular apartment buildings containing 238 studio apartments. A Planning Commission public hearing was scheduled for April 30, but postponed to June 4 because the …
Modular Mini-Apartments Proposed for San Francisco’s Tenderloin District Read More
Rick Robinson of the Manufactured Housing Institute (MHI) informs MHProNews that Executive director Frank Bowman, of the Illinois Manufactured Housing Association (IMHA), and his staff drafted SB 1702, convincing the IL Secretary of State’s office that manufactured homes (MH) and park models, while they are vehicles, are non-motorized vehicles. This …
U. S. stocks nudge higher, Twitter tanks, Apple posts record Q2 results, NFL gives up tax exempt status, and Jane Goodall says Sea World should be closed. The Yahoo Manufactured Housing Composite Value (MHCV) gained more than any of the three major indexes, moving up +1.73 percent, to close at …
MHCV Outshines the Dow; Cavco and Patrick Add 4.73 and 2.78 Percent, Respectively Read More
The timesfreepress informs MHProNews the Blythe Early Head Start Program in Cleveland, Tennessee has been using a modular building in Blythe Park since 2010, but it has become a source of contention for the city council and the neighborhood association. The building takes up 9,000 square feet of the 59,000 …
While many studies have shown that homeownership continues to be a large part of the American Dream, the Joint Center for Housing Studies at Harvard University reports in 2013 home purchases fell for the ninth consecutive year, and homeownership has dropped to 65 percent, the lowest rate in 20 years. …
Manufactured Housing may Become the New American Dream Read More
In a message to MHPronews from Nathan Smith, Chairman of the Board of Directors of the Manufactured Housing Institute, he notes the House has passed HR 650 April 14 by a bi-partisan vote of 283-162, and implores those involved in the manufactured housing industry to contact their two senators to …
IMPORTANT! Tell Your Senators to Support Manufactured Housing Read More
