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.
Inhabitat tells MHProNews that Taco Bell has rolled out a modular Taco Bell stand at the SXSW movie and music festival in Austin, Texas. Constructed of three shipping containers, the iconic restaurant is testing the concept to determine consumer reaction as it seeks to expand across the nation. Assembled in […]
jAy, Caramba!! Taco Bell tests Prototype Modular Food Stand Read More
The Indiana Manufactured Housing Association/Recreation Vehicle Indiana Council (IMHA/RVIC) informs MHProNews that not only has Senator Joe Donnelly (D-IN) sponsored Preserving Access to Manufactured Housing in the Senate, but also three IN House members have signed on to HR 650. Rep. Marlin Stutzman (R-IN), who represents the third congressional district
Indiana has Three House Members Supporting Manufactured Housing Bill Read More
Virginia Bufkin’s request to the Aransas Pass City Council in south Texas to rezone a single family district to a manufactured home district so she could build a recreational vehicle (RV) community brought a mix of yeas and nays to the meeting. Bufkin’s daughter explained that although it would be
Petitioner asks Land be Rezoned to Manufactured Home District Read More
Yesterday’s run-up of 227 points was due to the Federal Reserve’s assertion that the road to higher interest rates will be slow and steady, while today the markets settled back. However, in a see-saw week somewhat similar to last, CNNMoney informs MHProNews the Dow Jones Industrial Average dropped 117.16 points,
MHCV Slips, Tracked Manufactured Housing Stocks Mixed, Dow Drops Read More
Noting that the manufactured housing reform law of 2000 directs the Department of Housing and Urban Development (HUD) to “facilitate the availability of affordable manufactured homes” and “increase homeownership for all Americans,“ the Manufactured Housing Association for Regulatory Reform (MHARR) says HUD inserts regulations that are needlessly restrictive. HUD standards
HUD Manufactured Home Regulation Defining “Family” Disputed by MHARR Read More
According to hulldailymail.uk, the East Yorkshire company Premier Interlink, which provided modular housing for the London 2012 Olympics, will deliver five of the first 22 affordable modular homes to the Great Thornton Estate later this month. The five energy-efficient homes feature communal rainwater harvesting tanks, triple-glazed windows and photovoltaic panels.
British Modular Firm Expanding into Energy Efficient, Affordable Housing Read More
A group of community members and elected officials have organized a summit to discuss crime, lease violations and illegal rentals at Lakewood manufactured home community in Riverhead, New York on Long Island. Promoted as a 55-and-over community, residents have complained to management as well as local officials of drug sales,
Long Island Manufactured Home Community gets Low Marks from Residents Read More
CNNMoney said “Thank You, Janet Yellen“ after the Federal Reserve’s president announced interest rates will not rise following the Fed’s two day meeting, causing the three major indexes to surge. The Dow Jones Industrial Average shot up +227.11, +1.27 percent to end over 18k at 18,076.19. The NASDAQ gained 45.39
Dow Surges, most Tracked Stocks Gain, MHCV Slips Read More
MHProNews has learned from insurancejournal that Citizens Property Insurance Corp. in Florida is now accepting alternative valuation methods from owners of manufactured homes to ensure they are properly covered. Manufactured home owners are encouraged to speak with their insurance agents to discuss possible improvements and upgrades to their homes as
Insurer Offers Alternative Valuation on Manufactured Homes Read More
Edward DeMarco, former Federal Housing Finance Agency (FHFA) chief, says Congress’ failure to pass government-sponsored enterprise (GSE) reform and the current mortgage finance system promotes housing debt instead of home ownership. As nationalmortgagenews tells MHProNews, DeMarco says the Obama administration is trying to boost credit availability, a move that echoes
Former FHFA Head DeMarco Slams Congress and Obama Administration Read More
The Crawford County Commission in Girard, Kansas voted down for a second time the attempt by Liberty Baptist Church to bring in a factory-built structure to be used as a church. The proposal has passed the Planning and Zoning Commission two times, but nearby landowners have convinced the commission to
County Commissioners Deny request for Modular Church Read More
The citizen-times tells MHProNews elected officials are considering lifting the ban on manufactured homes throughout Buncombe County, North Carolina, which includes Asheville. They are allowed in outlying areas where the topography does not always lend itself to siting them. Resident pushback over fears of poor aesthetics and inferior quality have
North Carolina County may Relax Ban on Manufactured Homes in Urban Areas Read More
The Commerce Department reports housing starts fell 17 percent in Feb. to their lowest level since Jan., 2014, to a seasonally adjusted annual rate (SAAR) of 897,000, although the future bodes well as permits for housing construction increased by three percent in Feb. “A weak first quarter is now a
Harsh Weather in February Hampers Housing Starts Read More
The Manufactured Housing Composite Value (MHCV) slipped -0.30 percent following gains yesterday to close at 616.8 in today’s trading. Stocks we cover related to the manufactured housing industry closed mixed or even with mostly minor changes, although Cavco fell the most, -3.48 percent. Patrick Industries moved up the most, +1.85
MHCV Slips, Tracked Stocks move Little; Dow Falls 128 points Read More
This graph received by MHProNews from Rob Ripperda of the Texas Manufactured Housing Association (TMHA) depicts sales of new and used manufactured homes in Texas for 2013 thru 2014. Numbers may change slightly for December as we are just past the 75-day time reporting deadline. Texas leads all other states
Texas Leads the Way in Manufactured Home Sales Read More
MHProNews has learned from multihousingnews that Largo Group of Cos. has arranged a $33 million financing package for six manufactured home communities (MHC). Four of the communities account for $16.65 million of the total, and are comprised of 565 homesites. They are: An eighty-acre development in Raleigh, North Carolina comprised
Largo Secures Financing for Manufactured Home Communities Read More
Developers of a modular laminated wood and cork home tell MHProNews it can be set right on the beach and withstand hurricane winds up to 180 MPH. Mario Espeneira and Owen Healy of the Dutch company, Cubicco, say the house costs $116,000 and meets Miami-Dade County standards for high velocity
Modular Home will withstand 180 MPH Beachfront Winds Read More
MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015. Drew is a supplier of components
Drew Board Authorizes Special Dividend for Shareholders Read More
For its first quarter ending Jan. 31, 2015, Nobility Homes reports sales increased 35 percent to $5,576,800 over $4,137,438 for the same quarter of 2014. Gross profit was $1,172,769 for Q1 2015 versus $745,530 for the same period 2014. First quarter income from operations for 2015 equaled $424,820 as compared
Sales, Income Increase Marks Nobility Homes First Quarter 2015 Read More
The Manufactured Housing Composite Value (MHCV) moved up nicely in today’s trading, advancing +1.10 percent to end at 618.7, comparable to the Big Board’s day. While Wall Street waits for word from the Federal Reserve’s meeting Tuesday and Wednesday to see if interest rates will start to rise again, according
MHVC Advances; Most tracked Manufactured Housing Stocks Fall Read More
