Manufactured and Modular Housing News

Harsh Weather in February Hampers Housing Starts Read More

Harsh Weather in February Hampers Housing Starts

By Matthew Silver / March 17, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

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

MHCV Slips, Tracked Stocks move Little; Dow Falls 128 points Read More

MHCV Slips, Tracked Stocks move Little; Dow Falls 128 points

By Matthew Silver / March 17, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

Texas Leads the Way in Manufactured Home Sales Read More

Texas Leads the Way in Manufactured Home Sales

By Matthew Silver / March 17, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

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

Largo Secures Financing for Manufactured Home Communities Read More

Largo Secures Financing for Manufactured Home Communities

By Matthew Silver / March 17, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News

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

Modular Home will withstand 180 MPH Beachfront Winds Read More

Modular Home will withstand 180 MPH Beachfront Winds

By Matthew Silver / March 17, 2015 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

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

Drew Board Authorizes Special Dividend for Shareholders Read More

Drew Board Authorizes Special Dividend for Shareholders

By Matthew Silver / March 17, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People, RV

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

Sales, Income Increase Marks Nobility Homes First Quarter 2015 Read More

Sales, Income Increase Marks Nobility Homes First Quarter 2015

By Matthew Silver / March 16, 2015 / Company News, Manufactured and Modular Housing News, Manufactured Homes

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

MHVC Advances; Most tracked Manufactured Housing Stocks Fall Read More

MHVC Advances; Most tracked Manufactured Housing Stocks Fall

By Matthew Silver / March 16, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

Builders of Stick-Built Homes Indicate Slight Confidence Drop Read More

Builders of Stick-Built Homes Indicate Slight Confidence Drop

By Matthew Silver / March 16, 2015 / Business, Economy, Manufactured and Modular Housing News, Trends

The National Association of Home Builders (NAHB) informs MHProNews that builder confidence for for newly-built, single-family homes dropped two points in March on the NAHB/Wells Fargo Housing Market Index (MHI), hitting the lowest point in eight months. NAHB Chief Economist David Crowe and Chairman Tom Woods, noting the index remains

Budget-Conscious Couple Live part-time in Manufactured Home Community Read More

Budget-Conscious Couple Live part-time in Manufactured Home Community

By Matthew Silver / March 16, 2015 / Communities, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

In another of a series about the quality of life and inexpensive living in a manufactured home in Florida, Scott Burns of dallasnews tells MHProNews that among the Tuscan-style villas along the Gulf Coast are resident-owned manufactured home communities. He notes a 5 acre community, Cortez Park, with 79 homes,

Tightening Belt Saved Modular Homebuilder from Closing Read More

Tightening Belt Saved Modular Homebuilder from Closing

By Matthew Silver / March 16, 2015 / Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

Modular homebuilder Shorten Homes was on the front lines of the housing market when it imploded, selling nearly 200 homes in 2007, dropping to just over 20 homes the following year. When many other businesses went belly up, thetimes-tribune tells MHProNews, Shorten turned loose of 75 percent of its sales

Mar 15 2015

Sunday Morning Recap–March 9 to March 13

By Matthew Silver / March 15, 2015 / Business, Communities, Company News, Factory-Built Homes, Finance, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV

Manufactured Home Sliding off Foundation; State Inspector Notes Dangers MHARR Objects to DOE Energy Standards for Manufactured Housing Dow Slides Again, MHCV Slips, Skyline Advances RVIA Honors RVIC/IMHA Director Mark Bowersox UMH Properties Reports Sustained Growth for Q4 2014 Modular Hotel for Brooklyn being Built in Poland Indicators of New

Sunday Morning Recap–March 9 to March 13 Read More

Mar 14 2015

Manufactured Home Sliding off Foundation; State Inspector Notes Dangers

By Matthew Silver / March 14, 2015 / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

After the manufactured home of Mary and Dick Deweese was sited on a homesite at the Worthington Arms Manufactured Home Community in Lewis Center, Ohio, it began sliding towards a creek that ran beside it, according to what 10tv tells MHProNews. Dick Deweese said he has to put tape around

Manufactured Home Sliding off Foundation; State Inspector Notes Dangers Read More

MHARR Objects to DOE Energy Standards for Manufactured Housing Read More

MHARR Objects to DOE Energy Standards for Manufactured Housing

By Matthew Silver / March 13, 2015 / Advocacy, Business, Legal, Legislation, Manufactured and Modular Housing News, regulation

The Department of Energy (DOE) Request for Information (RFI) dealing with the DOE’s development of manufactured housing energy standards and subsequent Solar Heat Gain Coefficient for MH has elicited a strong response from the Manufactured Housing Association for Regulatory Reform (MHARR). MHProNews has learned MHARR has objected to the DOE

Dow Slides Again, MHCV Slips, Skyline Advances Read More

Dow Slides Again, MHCV Slips, Skyline Advances

By Matthew Silver / March 13, 2015 / Business, Manufactured and Modular Housing News, Stocks

Oil fell to $45 a barrel, according to what CNNMoney tells MHProNews, sending the Big Board on a see-saw trajectory of highs and lows for the week, as the Dow Jones Industrial Average fell 145.91 points, -0.82 percent, to 17,749.31. The NASDAQ dropped 21.53 points, -0.44 percent to end the

RVIA Honors RVIC/IMHA Director Mark Bowersox Read More

RVIA Honors RVIC/IMHA Director Mark Bowersox

By Matthew Silver / March 13, 2015 / Awards, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from rvbusiness that Mark Bowersox, executive director of the Recreational Vehicle Indiana Council and the Indiana Manufactured Housing Association (RVIC/IMHA), has been honored by the Recreation Vehicle Industry Association (RVIA) with the National Legislative Award. Bowersox was recognized for his leadership in addressing the Department of Housing