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.
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …
Return on Investment for Manufactured Home Communities Grows Read More
In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the …
State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More
The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.21 percent after rising yesterday nearly ten percent, to close at 692.1. Tracked manufactured housing stocks closed mixed or even. Equity Lifestyle Properties moved up the most of tracked stocks, adding +2.31 percent, while Patrick Industries slipped more than other stocks, -1.54 …
Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up Read More
Drew Industries Inc., parent company of Lippert Components Inc., will release its first quarter financial results before the market opens Tue., May 5, 2015, followed by a conference call later that same day at 11 AM EDT to discuss the results and other business affairs, according to rvbusiness. The question-and-answer …
With funding from the National Foreclosure Settlement and the Neighborhood Stabilization programs, the city of Sterling, Illinois will build two new modular homes, one a single-family home, the other a duplex. The single-family home is 1,536 square feet, and the two-story duplex is 2,032 square feet. Trotter General Contracting in …
Two Initial Modular Residences Going up with Federal Funds Read More
Since 1940, the number of people living alone in the U. S. has grown from seven percent to over 25 percent, as washingtonpost informs MHProNews. But our housing stock is built for families: Two bedroom starter homes with one bath, three-bedroom family homes with two bathrooms, and apartments designed for …
As the Housing Group at Ballard Spahr informs MHProNews, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are nearing their respective 2015 volume caps. Regulated by the Federal Housing Finance Agency (FHFA), their volume to date may mean their allocation could be exhausted by late summer, 2015. While Fannie …
Fannie Mae’s Manufactured Housing Community Loans Exempt from Caps Read More
Developer Jack Morris bought the Laurelton Mobile Home Park in Brick, New Jersey on Route 88 in 2005 for $3.85 million, and the following year announced plans for redeveloping 21,600 square feet of frontage into retail space. At one point residents withheld rent payments because they felt the management company, …
Portion of Manufactured Home Community may see Commercial Development Read More
The Yahoo Manufactured Housing Composite Value (MHCV) rose +9.34 percent to hit 700.6—a more- than-usual advance, and some time since it has been that high. Tracked manufactured housing stocks closed mixed or even. Sun Communities moved up the most of tracked stocks, adding +1.55 percent, while Skyline slipped more than …
Manufactured Housing Composite Value Shoots Up While Dow Slips Read More
Houston-based Aries Building Systems, which produces modular buildings for workforce housing, commercial applications, government, educational, healthcare and industrial sites is expanding westward to open the Pacific Northwest Major Projects Group in Bellevue Washington. Although temporary buildings comprise 20 percent of the Pacific Northwest’s business, it will focus on permanent structures …
Aldermen in Pierce City, Missouri have denied Ken Madison’s attempts to replace manufactured homes (MH) on his property because the sites have been vacant over 60 days, and he intends to sue for $25,000 loss of income. Madison originally purchased the manufactured home community and has used it as such …
The Addison County Community Trust has applied to the Waltham Development Trust in Waltham, Vermont for a conditional use permit to allow the trust to install seven modular duplexes on 2.3 acres that once housed the Gervy Trailer Park, as addisonindependent tells MHProNews. A public hearing will be held May 13 to …
New Affordable Modular Housing Units Proposed for Vermont Read More
Responding to a question in coumbusdispatch from a couple regarding the long term investment value of a manufactured home, Ilyce Glink and lawyer Samuel Tamkin, who co-author a column on real estate, reply the most important concern is that the home complies with all federal HUD Code standards, post 1976, …
Which is Better Investment: Manufactured Home or Site-built Home Read More
China Stimulates Wall Street Rally, Oil Industry Bleeds More Jobs, U.S Economic Growth Needs Faster Track and Hospitals Pulling Up Stakes, Seeking Greener Pastures. On the Big Board: The Dow Jones Industrial Average advanced +1.17 percent, +208.63 points to end the day at 18,034.93. The NASDAQ gained +1.27 percent, +62.78 points, to close …
Manufactured Housing Stocks Close Mixed; MHCV Gains Read More
MHProNews has learned from marketwatch that manufactured housing component supplier Patrick Industries, Inc. will release its first quarter 2015 financial results before the market opens on April 30, 2015. The company will conduct a conference call later that same day at 10:00 AM to discuss the Q1 results and other …
MHProNews has learned from prnewswire that Nobility Homes, a Florida-based producer of manufactured and modular homes for more than 47 years, has qualified to trade on the OTCQX® Best Marketplace under the symbol NOBH. R. Cromwell Coulson, President and CEO of OTC Markets Group, said, “We are proud to welcome …
Nobility Homes now Trading on Over-the Counter Market Read More
A new vendor of modular homes has recently opened in Liberal, Kansas, as MHProNews has learned from leaderandtimes. G&G Homes intends to respond to the local need for quality, affordable housing according to owner Gavin Wright, who has been in the business since he was nine years old, working with …
Sunday Morning Recap April 13-April 18, 2015 The big news of the week is that H. R. 650, The Preserving Access to Manufactured Housing Act, a major effort by the MH industry, finally passed the House. Deer Valley stock plummets one day, skyrockets two days later. In other news, a …
The Virginia Association of Manufactured and Modular Housing (VAAMHA) tells MHPronews the Virginia Department of Housing and Community Development has announced a competition to design a safe, energy efficient, affordable and accessible home to allow people to age in place in VA. Part of the 2015 Virginia Governor’s Housing Conference …
Competition for Affordable, Energy Efficient Home Set in Virginia Read More
As housingwire informs MHProNews, a number of housing advocacy groups are asking the U. S. Department of the Treasury, the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) to investigate large financial mortgage packagers that are encouraging mortgage servicers to foreclose on borrowers instead of offering …
Neighborhood Housing Groups Laud Ocwen for Helping Troubled Borrowers Read More
