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 Mountain View, California Rod Fox and Emily Gwynn left their $2,540/month, 800 square-foot apartment and moved to a 1,370 square foot manufactured home (MH) in Adobe Wells Mobile Home Park in Sunnyvale, CA. In the Bay Area, where median home prices hit $782,000, they are paying about the same …
On baseball season’s Opening Day, despite the disappointing jobs report Friday that the economy only added 126,000 jobs in March, the lowest number since the end of 2013, oil prices jumped six percent as Saudi Arabia raised its price to several Asian nations. The Dow Jones Industrial Average nudged up …
Karen and Tom Rogers live in a 420 square foot tiny house, built by Lil’ Lodges, in Bruton Park manufactured home community (MHC) in York County, Virginia. The county cited them for a violation because it is not a manufactured home, but following an appeal to the zoning board, they …
Tiny House in Manufactured Home Community Sparks Legal Debate Read More
In response to Boston’s Mayor Marty Walsh’s goal of adding 53,000 affordable housing units in the next 15 years, in order to keep up with a growing population, Boston Globe’s Mike Ross suggests modular construction techniques. A team of local studio architects called studioMAUD proposes Boston build its own modular …
Modular buildings will be installed to replace the cafeteria and band room that were destroyed after an arsonist with a history of setting fires was arrested for causing the million dollar blaze at South Albany High School in Albany, Oregon. Zachary Burghart admitted to throwing a lit cigarette into a …
HUD Code production continues rising, China going modular, Cavco Acquisition, Affordable housing lags, New MHC in Arizona, Inmates Building Modular Homes, Champion Partners with Winnebago, MHCC Suggests Multifamily HUD Code Homes and more. Mon., March 30 Rising Land Values Force Older Manufactured Home Communities Out China Choosing Modular for Hotels, …
From Elkhart, Indiana insurancenewsnet informs MHProNews Skyline Corp. reports net sales from continuing operations for fiscal Q3 2015 increased 26 percent to $38,109,000 from $30,169,000. The company reported net loss from continuing operations fell from $3,906,000 a year ago in Q3 to $2,911,000. The net loss from discontinued operations dropped …
MHProNews wishes you a very Happy Easter and Happy Passover. (Photo credit: wikipedia–New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News to MHProNews.
The Manufactured Housing Institute (MHI) informs MHProNews that the General Subcommittee of the Manufactured Housing Consensus Committee (MHCC) conducted a conference call to consider a proposal that would provide construction for up to three multifamily dwelling units. Responding to an October 2014 memorandum from HUD that HUD Code labeled homes …
The Manufactured Housing Association for Regulatory Reform tells MHProNews that industry production of HUD Code homes continued to grow during Feb. 2015. According to statistics from the U. S. Department of Housing and Urban Development (HUD), 4,803 homes were produced in Feb. 2015, a 10.1 percent increase over the 4,361 …
Manufactured Home Production Continues its Ascendancy Read More
Downtown Phoenix is getting an entirely new look: Shipping containers being converted into 740 square foot, one bedroom, one bath, modular homes. Designed and built by Starkjames, Containers on Grand, as the development is called, is for tenants who are looking for “something that is creative, innovative and different,” according …
Modular Container Homes Bringing People back to Downtown Phoenix Read More
A bill before the North Carolina Senate, S.577, filed March 26, 2015, clarifies retitling of a manufactured home (MH) after it has been removed from real property. According to what ncleg tells MHProNews, if a certificate of title has been canceled and the owner of a manufactured home desires to …
North Carolina Bill would Clarify Retitling of Manufactured Homes Read More
The Conference Board’s Consumer Confidence Index hit 101.3 in March, as rvbusiness has learned from CNBC, beating estimates. Economists surveyed by Reuters anticipated a reading of 96.2. February’s reading was revised from 96.4 to 98.8. Further, the proportion of consumers expecting their incomes to grow rose from 16.4 percent to …
From Freehold, New Jersey, President of UMH Properties, Inc. Samuel A. Landy tells MHProNews that Regina Beasley and Robert “Bob” VanSchuvyer have been appointed as vice presidents. According to prnewswire, Mr. Landy said, “Both Robert and Regina have added significant value to the manufactured home communities acquired by UMH and …
UMH Selects Vice Presidents, Declares Cash Dividends Read More
The Obama administration estimates American households will each save $750 this year because of lower gasoline prices, but they are not spending that money anywhere else, as consumer spending was flat in February, and retail sales actually declined. Since wages are basically flat, Americans may be reluctant to spend. The …
MHCV Outperforms Dow; Consumers Saving their Gasoline Savings Read More
MHProNews has learned from NASDAQ that Sun Communities, Inc. has closed on the $256.2 million deal for seven manufactured home communities comprised of 3,130 homesites, and 60 percent of which are age-restricted communities. Ninety-six percent of the sites are occupied, and there are 380 additional sites that could be developed. …
Sun Closes on Orlando area Manufactured Home Communities Read More
A proposed manufactured home (MH) development for 70 MH in the town of Oneonta, New York has run into stiff opposition from 100 people who have signed petitions opposing Hemlock Village. The 29 acres would need a zoning change from residential-agricultural, which requires one home per acre, to Planned Development …
Residents have Garnered Signatures Opposing Manufactured Home Community Read More
The first section of a solid wood, eight-story modular apartment building has been completed in Puukuokka, Finland, offering affordable eco-friendly housing with some extruded balconies and some recessed, and windows stretching from floor to ceiling, giving a sense of openness and light to the units. Made of larch wood, the …
A ten percent hike in site rents at Wild Meadows manufactured home community (MHC) in Dover, Delaware was ruled unjustified by an arbitrator appointed by the Delaware Manufactured Home Relocation Authority. The December Corporation, manager of the MHC, sought to raise site tents from $437.15 to $482.89 on 185 member …
Site Rent Increase Denied at Manufactured Home Community Read More
Manufactured and modular home (MH) and Park Model recreational vehicle (RV) producer Champion Home Builders, Inc. has entered into a licensing agreement with RV maker Winnebago Industries, Inc. (NYSE:WGO) to manufacture a line of Park Model RVs. Champion will introduce the first Park Model RV at Winnebago’s Dealer Days in …
Champion to Partner with Winnebago for RV Park Models Read More
