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.
Wholly owned SearchCore Inc. subsidiary Wisdom Homes announced sales of $351,500 generated by the sale of manufactured homes in Q3 2014. “This was a milestone quarter for the Company because it was our first quarter having our Tyler, Texas retail center fully operational. Inventory arrived in early August allowing us […]
SearchCore’s Wisdom Homes of America announces Q3 2014 sales Read More
Congressmen Marlin Stutzman (R-3 IN) and Jackie Walorski (R-2nd IN) announced Thursday October 9th legislation they’ve introduced legislation aimed preventing recreational vehicles from being regulated as manufactured housing. Brian Francisco at the Fort Wayne Journal Gazette tells MHProNews that the RV industry is seeking to avoid “restrictive taxing, zoning and
Florida Manufactured Housing Association (FMHA) President Cyndi King introduced the federal Housing and Urban Development (HUD) Manufactured Housing Program director – Pam Beck Danner, JD – to the FMHA’s packed 2014 annual meeting in Orlando on 10.8.2014. Danner described the busy 6 months she’s had at HUD, which included no
HUD’s Pam Danner draws robust welcome during address at FMHA annual event Read More
Parkbridge Capital Group, LLC manager Lee Meekcoms, whose name is already well established in the real estate industry, led the closing of a $12,000,000 transaction between a private investor from Florida and Paradise Park in the McAllen-Pharr area of the Rio Grande Valley of Texas. Clearwater FL based Parkbridge specializes
12 Million MH Community deal in Rio Grande Valley Read More
Global News tells MHProNews how her tiny house has changed Lydia Holden’s way of life. With just a little over 100 square feet to live in, the 24 year-old has found an affordable way to become a home-owner. Lydia paid “only” $30,000 for her 136 square foot home. The tiny
Canadians Mini-Dwellings – Video Report – on north-of-the-border Tiny House Movement Read More
Hazmat suit stocks are rising fast on Ebola fears, but the Dow took its biggest dive of 2014, CNN Money tells MHProNews. China and Vietnam are reportedly more optimistic than the U.S., as economic and political concerns mingled with frets over the Fed reportedly moved investors into the nose dive.
Hazmat stocks Spike on Ebola fears as Dow Plunges 335 Read More
In a move that should be monitored by Manufactured Housing (MH) Industry professionals; the Consumer Financial Protection Bureau (CFPB) has published in the Federal Register a proposed rule that could go into effect before the end of 2014, Jim Henry at Automotive News (AN) tells MHProNews. “The cost of compliance
CFPB Plans Regulations of Auto Lenders, Leasing Contracts too Read More
Jon Talton at the Seattle Times shares his take on the housing affordability challenge with MHProNews that could be summed up with this quote: “In other words, housing is less affordable because most American workers are making less.” Talton notes that some areas on the West Coast have “crazy high
Times’ Talton tells housing affordability woes with two tables Read More
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
Cavco Presses Skyline for a Response Read More
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
Sun to Release Third Quarter Financials Read More
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
New Zealand still Struggling with Modular Homes Read More
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
LA Modular is Building of the Month Read More
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
MH Industry Pros Respond to CFPB Report Read More
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
