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.
Following a story MHProNews covered Sept. 29, 2014 regarding Cavco Industries’ attempt to acquire Skyline Corp. by offering to buy all of Skyline’s outstanding shares at a premium, Cavco has reaffirmed its requests to open a dialogue with the special committee the target company set up to improve the bottom …
In England, The Hyde Group is calling on lenders to support the growing move towards modular construction techniques and grant mortgages on the same level as is done with traditionally built homes. Hyde hosted a think tank to discuss ways to speed up housing construction in London and south east …
Think Tank Builders Call for Modular Methods to Address Housing Shortage Read More
Southfield, Michigan-based Sun Communities, Inc. (SUI) will release its Q3 2014 financial results on Thursday, Oct. 30, 2014 prior to the opening of the market followed by a conference call set for later that same morning, at 11:00 AM EDT, according to marketwatch.com. The conference call will be available live …
In the best day of the year, the Dow Jones Industrial Average regained almost to the number the amount it lost in yesterday’s trading, advancing +274.83 points, +1.64 percent (yesterday’s loss was -1.60%), to close at 16,994.22, while the Nasdaq gained more than it lost yesterday, moving up +83.39 percent, …
Dow Gains 274 points; Liberty Homes Plunges 33 Percent Read More
Manufactured housing builder Clayton Homes of Maryville, Tennessee has developed an interactive tool that outlines the construction process of their homes, providing informative photos of the construction methods from top to bottom, including all the steps and the variety of materials and band name products that go into each home. …
Clayton Homes Rolls Out Video of Construction Process Read More
The cost of land planning and consent fees is driving up the expense for building affordable housing in New Zealand, which is restricting growth, according to Finance Minister Bill English. Chris Aitken, CEO of Hobsonville Land Company, says developers often face fees into the hundreds of thousands, and even millions …
The Modular Building Institute has awarded Star Apartments in Los Angeles, California as the Building of the Month. The 51 modules by Guerdon Enterprises LLC of Boise, Idaho for the Skid Row Housing Trust provides 102 apartments, each about 350 square feet, created with a community-minded open design with rooftop …
While the Consumer Financial Protection Bureau’s recent report on financing the purchase of manufactured homes (MH) notes buyers of MH are often poor, elderly, rural and vulnerable to high-cost “chattel” (“home only,” personal property) loans, the bureau wants to ensure consumers have access to “responsible credit.” Their report, comments and …
As an addendum to a post MHProNews published Oct. 3, 2014 regarding the rise in shipment of HUD Code homes for August, 2014, over the same month last year, of the 5,937 homes shipped, single-section homes rose by 6.8 percent and multi-section slipped 2.7 percent. A total of 9,100 floors …
Shipped Floors Number Rises; Number of Plants, Corporations hold Steady Read More
Following up on a story MHProNews last covered Sept. 22, 2014 regarding a 16-year battle between residents of Naples Estates MHC and the owner, Norton Karno, over residents’ attempt to buy the community in Florida, a settlement, if approved, would leave the community in Karno’s hands but he would add …
Residents Reject Community Owner’s Offer, Go Back to Court Read More
Noting October has been more trick than treat, as the Dow, Nasdaq and S&P 500 have lost two percent so far, the three indexes moved farther south in today’s trading as the Dow Jones Industrial Average plunged -272.52 points, -1.60 percent, to end the day at 16,719.39, while the Nasdaq …
MH Composite Plummets -5.15 Percent; Dow, Nasdaq, S&P Drop over 1.50 Percent Read More
The Del Mar City Council in San Diego County is considering a zoning code amendment that would establish a definition for a manufactured home (MH) and specify that an MH is subject to the same regulatory standards and review processes as other single-family residences. The city council of Rancho Palos …
Affordable Housing News from Local California Jurisdictions Read More
Co-founder and operator of Modern Manor and Lake Ridge manufactured housing communities in Iowa City, Iowa, Erma Jane Wolf passed away Sept. 24, 2014 at age 76. She and her husband, Bob, also owned Wolf Construction Company. He passed away Aug. 18, 2014. She leaves a daughter, Brandy Egli, and …
Noting that manufactured housing can provide affordable housing to many low and moderate income families, especially in non-metro areas, several nonprofits are working to reverse the negative image of factory-made homes and their occupants by establishing programs to replace the dilapidated homes with new, high efficiency models. According to Matthew …
Energy Efficient Manufactured Homes to Replace Dilapidated Units Read More
Manufactured housing community (MHC) owner UMH Properties, Inc. (UMH) will present to the Philadelphia Securities Association on Oct. 15, 2014 at the Union League of Philadelphia, according to marketwatch.com. UMH president and CEO Samuel A. Landy will deliver an overview of the company followed by a question and answer session. …
Built decades ago by the Navy, Treasure Island Fire Station #48 in San Francisco was closed in March due to an infestation of black mold. Since then the eleven member crew, male and female, has worked out of a cinder block training center and are sleeping in a classroom, according …
Modular Buildings will Temporarily house Fire Station Read More
Following a story MHProNews last posted Sept. 4, 2014 regarding the acquisition of Deer Valley Corporation (DVLY) by software developer Peerless Systems Corp. (NASDAQ:PRLS), streetinsider.com reports Peerless has consummated its agreement to purchase 80 percent of Deer Valley common stock for $3.7 million. Through its manufacturing plant in Guin, Alabama, …
Peerless Homes Finalizes 80 Percent Acquisition of Deer Valley Homes Read More
The Lamar County Board of Supervisors in Mississippi accepted a “Petition for Action” from residents asking that an unzoned area be designated a residential estate district for single family detached dwellings and only one dwelling per lot, according to hattiesburgamerican.com. Placement of a manufactured or modular home on the property …
Manufactured Homes to Require Conditional Use Permits in Mississippi Read More
While investors await word about the Federal Reserve’s policy on interest rates, after gaining 209 points Friday following the positive jobs report, the Dow Jones Industrial Average slipped -0.10 percent, -17.78 points, to land at 16,991.91, while the Nasdaq fell -0.47 percent, -20.82 points to close at 4,454.80. The S&P …
Skyline Nudges up, Cavco Drops, MH Composite Slips Read More
Michigan H. B. 5513 would require a written explanation of the responsibilities of local jurisdictions over manufactured homes (MH) and manufactured housing communities (MHCs), seasonal and year round. The Department of Manufactured Housing needs to notify the local government of a technical bulletin if an MHC is open, or seeking …
State races and federal ruling highlight latest Manufactured Housing Grass Roots Report Read More
