Manufactured and Modular Housing News

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.

Factory Expo Home Centers Celebrate Opening of New Sales Center in Pennsylvania

By / / Manufactured and Modular Housing News

On Saturday, February 14, Factory Expo Home Centers, the nation’s largest factory located manufactured home retailer, will hold the grand opening of their newest home Sales Center at 77 Horseshoe Rd. in Leola, Pennsylvania. Offering a wide selection of custom-built mobile homes, manufactured homes, and park model homes, home buyers visiting the […]

Factory Expo Home Centers Celebrate Opening of New Sales Center in Pennsylvania Read More

Wisconsin Resident’s Manufactured Home Destroyed by Semi-Truck Crash

By / / Manufactured and Modular Housing News

A Black River Falls, Wisconsin, man had just awakened from a nap and stepped into his bathroom when a big semi-trailer-tractor truck crashed through the bedroom wall of his manufactured home. WEAU-TV, Eau Claire, Wisconsin,tells MHProNews that Black River Falls Fire Chief Steve Schreiber, said the semi driver was driving east

Wisconsin Resident’s Manufactured Home Destroyed by Semi-Truck Crash Read More

Fisherman’s Biggest Catch is Property He Purchased in 1956

By / / Manufactured and Modular Housing News

This story is proof of the old adage that the three most important things to remember about purchasing real estate is location, location and location. The New York Post tells MHProNews that Richard Lester purchased a one-third acre lot in the Hamptons on New York’s Long Island for just $300 in

Fisherman’s Biggest Catch is Property He Purchased in 1956 Read More

Bradenton Manufactured Home Community Sells for $6.3M

By / / Manufactured and Modular Housing News

One of the most historic waterfront manufactured home communities in Manatee County, Florida, recently sold to a Scottsdale, Arizona, investor. On January 23, Charles Ellis bought Two Rivers Mobile Home Park through his company Paradise Communities for $6.3 million. The previous owner, Two Rivers, Inc., of Sarasota, bought the community for

Bradenton Manufactured Home Community Sells for $6.3M Read More

Improvements for Manufactured Homes Included in Minnesota Aid Program

By / / Manufactured and Modular Housing News

A city program designed to help residential and commercial property owners update older homes and storefronts in Waseca, Minnesota, has been revamped to provide an even greater level of funding. The Waseca County News tells MHProNews that the Small Cities Development Program, which looks to increase property values in each

Improvements for Manufactured Homes Included in Minnesota Aid Program Read More

U.S. Stocks Approach New Record; MHCV Values Go Up

By / / Manufactured and Modular Housing News

MHCV values went up 3.40%. Most of the manufactured housing stocks we track went up. Leaders were:  NOBH 4.71%, CVCO 3.64%, and ELS 2.41%. CBS Moneywatch tells MHProNews that U.S. stocks climbed up close to record levels on Thursday as technology, materials and energy companies all realized big gains. The

U.S. Stocks Approach New Record; MHCV Values Go Up Read More

Who Will Be the Democratic Candidate for President in 2016?

By / / Manufactured and Modular Housing News

A lot of the stories in today’s news concerns all the various people who might be running for U.S. President next year.  Among those is one candidate who says she is definitely not running.  Nevertheless, the Washington Examiner tells MHProNews that recent election polls from Iowa and New Hampshire show that

Who Will Be the Democratic Candidate for President in 2016? Read More

HUD Secretary Julian Castro Speaks to Congress About Recent FHA Actions

By / / Manufactured and Modular Housing News

On Wednesday, February 11, HUD Secretary Julian Castro testified before the House Committee on Financial Services concerning FHA’s effort to expand access to credit to credit-worthy families. He began his presentation with some positive statements concerning the economy, saying that “2014 was the best year for job growth since the

HUD Secretary Julian Castro Speaks to Congress About Recent FHA Actions Read More

Brian Walker Joins Universal Forest Products Board

By / / Manufactured and Modular Housing News

Universal Forest Products announced this week that Brian Walker, CEO of Herman Miller, Inc., is joining the UFPI Board of Directors. Walker will occupy a tenth seat on the board of the publicly-traded Grand Rapids, Michigan, holding company. UFPI, which had annual sales of $2.5 billion in fiscal 2013, provides

Brian Walker Joins Universal Forest Products Board Read More

CFPB Director Cordray Explains Changes to QM Rules and How He Obtained a Black Eye

By / / Manufactured and Modular Housing News

On January 29, the CFPB proposed raising the threshold for small and rural lenders. This action will allow more institutions to make qualified mortgage loans without having to meet certain requirements required of larger lenders. At a town hall meeting organized by the National Credit Union Administration on Tuesday, February 10, Consumer

CFPB Director Cordray Explains Changes to QM Rules and How He Obtained a Black Eye Read More

Iowa Senate Bill Seeks to Help First-time Homebuyers

By / / Manufactured and Modular Housing News

MHProNews has learned from the Iowa Manufactured Housing Association that SSB1170 has been introduced in the Iowa State Senate to allow the establishment of First Time Homebuyer Savings Accounts. This would allow single or married persons to open a savings account in the interest of making a down payment on

Iowa Senate Bill Seeks to Help First-time Homebuyers Read More

U.S. Stocks Flat in Choppy Trade; MHCV Values Dip Again

By / / Manufactured and Modular Housing News

MHCV values went down 3.57%. There also were losses in the manufactured housing stocks we track. Exceptions: CG went up 2.14% and SKY went up 0.82%. Marketwatch tells MHProNews that U.S. stocks drifted between gains and losses Wednesday as investors kept an eye on negotiations between Greece and its international creditors.

U.S. Stocks Flat in Choppy Trade; MHCV Values Dip Again Read More

“Momentum!” for HR 650, the Preserving Access to Manufactured Housing Act 2015, Is Increasing

By / / Manufactured and Modular Housing News

The bill styled Preserving Access to Manufactured Housing Act 2015 (HR 650) was introduced by Rep. Stephen L. Fincher, (R-TN) on February 2, 2015. Since then, support for the bill has been building. At the bill’s introduction, Congressman Fincher said: “Mr. Speaker, I rise today to discuss my bill, the

“Momentum!” for HR 650, the Preserving Access to Manufactured Housing Act 2015, Is Increasing Read More

Clayton Homes Dealership Named 2014 Best Retail Sales Center in Alabama

By / / Manufactured and Modular Housing News

The Alabama Manufactured Housing Association has announced that Clayton Homes of Northport, Alabama, is the winner of the Association’s 2014 Best Retail Sales Center Award. The Clayton dealership in Northport was chosen from entries submitted by manufactured home sales centers throughout Alabama. This award was created to recognize retailers who display

Clayton Homes Dealership Named 2014 Best Retail Sales Center in Alabama Read More

Scarce Affordable Housing in Canadian City Is Intensified by Closing of Manufactured Home Community

By / / Manufactured and Modular Housing News

It’s always sad to leave a home you’ve loved and put your money and efforts into. That’s the dilemma facing residents of the Burton Avenue Mobile Home Park in Barrie, Ontario, Canada. Many of the 200 residents who lived at the community were notified in July 2013 that the site

Scarce Affordable Housing in Canadian City Is Intensified by Closing of Manufactured Home Community Read More

Canadian American Homes Purchases Assets of Liberty Homes

By / / Manufactured and Modular Housing News

There was welcome news in Wisconsin today when it was announced that Canadian American Homes, Inc., (CanAm) has purchased the assets of Liberty Homes, Inc., and will be reopening Liberty’s plants in Clark County. This acquisition is expected to create approximately 150 new jobs during the next few years, according to

Canadian American Homes Purchases Assets of Liberty Homes Read More

U.S. Stocks Close at Highest Level This Year on Greece Hopes; MHCV Values Were Static

By / / Manufactured and Modular Housing News

MHCV values went up 0.39%.  In the manufactured housing stocks we track, some went down slightly and others only made a minimal increase.  Leaders were KMP – 1.36% and UMH – 1.04%. Marketwatch tells MHProNews that U.S. stocks rallied towards the end of the session Tuesday, sending the benchmark S&P

U.S. Stocks Close at Highest Level This Year on Greece Hopes; MHCV Values Were Static Read More

Arkansas Mortgage Recording Bill Stirs Up Criticism

By / / Manufactured and Modular Housing News

A bill being drafted by the Arkansas Circuit Clerks Association that would require counties to record and report all mortgage assignments and mortgage releases is getting some backlash. The Log Cabin Democrat tells MHProNews that Jonathan Greer, general counsel for the Association of Arkansas Counties has been working with the

Arkansas Mortgage Recording Bill Stirs Up Criticism Read More

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