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.

Flagstar Charged with Violating Mortgage Servicing Rules

By / / Business, Company News, Finance, home buyers, Legal, Manufactured and Modular Housing News, regulation

Charged with “illegally blocking borrowers’ attempts to save their homes,” the Consumer Financial Protection Bureau (CFPB) has fined Flagstar Bancorp $37.5 million for violating the agency’s mortgage servicing rules, reports housingwire.com. Flagstar allegedly took excessive time to process borrowers’ applications for foreclosure relief, denied loan modifications to qualified borrowers, and […]

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Need for Modular Classrooms Continues

By / / Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

The Oak Grove High School (OGHS) in the Lamar County School District in southeastern Mississippi has grown by 331 students since last year, the only district to see significant growth in a two-county area. While 18 additional classrooms are under construction, a modular unit with eight classrooms that was added

Need for Modular Classrooms Continues Read More

Builders Betting on Small Modular Homes in Northern Ontario

By / / Business, Canada, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, People

Frank LaCrosse and Jib Turner are building small, modular homes in Little Current, Ontario, Canada—inexpensive to heat, maintain and afford. The 600-1,000 square foot homes have safe spray foam between the lightweight steel studs, in advance of the drywall, and the outside is an exterior insulation and finishing system, called

Builders Betting on Small Modular Homes in Northern Ontario Read More

Cavco Industries Attempting to Acquire Skyline Corp.

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV

Following on the heels of Skyline Corporation’s tentative agreement to sell its recreational vehicle (RV) division to Evergreen Recreational Vehicles LLC, as MHProNews reported Sept. 26, Cavco Industries, Inc. announced that it has attempted for the past 30 days, through various channels, to open a dialogue with the Skyline board

Cavco Industries Attempting to Acquire Skyline Corp. Read More

Latest Survey Indicates Consumer Sentiment is Rising

By / / Business, Economy, Manufactured and Modular Housing News, Trends

Consumer confidence moved to a 14-month high, according to a Thomson Reuters/University of Michigan index. While economists in a Bloomberg survey projected 84.8 for Sept., the actual number came in at 84.6, a jump from 82.5 in August. According to rvbusiness.com, employment is growing at the strongest pace in 15

Latest Survey Indicates Consumer Sentiment is Rising Read More

Skyline Skyrockets Amid Spinning off its RV Division; Dow, Nasdaq and S&P all Rise

By / / Business, Manufactured and Modular Housing News, Stocks

Following news that Skyline Corp is offloading its RV division to Evergreen, as MHProNews reported, Skyline’s stock shot up 22.81 percent, +0.65, to end the week at $3.50, while the Dow Jones Industrial Average regained part of yesterday’s 264 point nosedive, moving up +167.35 points, +0.99 percent, to close at

Skyline Skyrockets Amid Spinning off its RV Division; Dow, Nasdaq and S&P all Rise Read More

Evergreen RV to Acquire Skyline’s RV Division

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, RV

Evergreen Recreational Vehicles of Middlebury, Indiana and Skyline Corp., (SKY) producer of manufactured and modular homes and recreational vehicles, have signed a letter of interest for Evergreen to acquire all the assets of Skyline’s RV division. According to insurancenewsnet.com, Kelly L. Rose, board chairman of Evergreen, says, “I am very

Evergreen RV to Acquire Skyline’s RV Division Read More

Adequate Senior Housing Lacking in many Communities

By / / Communities, Manufactured and Modular Housing News, Manufactured Homes, People, Trends

Harvard University’s Joint Center on Housing report on senior housing notes an American Association of Retired Persons (AARP) study focuses on four areas: hunger, isolation, housing and income. Of the four, housing is a linchpin for overall well-being. Many older adults sacrifice food, health care and transportation to maintain a

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More Underwater Homes are Beginning to Float again

By / / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Trends

According to housingwire.com, the latest CoreLogic report indicates 946,000 properties regained positive equity in the second quarter of 2014, increasing borrower equity year over year by an estimated $1 trillion. The number of homes that remain in negative equity has fallen from 7.2 million, or 14.9 percent of all homes

More Underwater Homes are Beginning to Float again Read More

Modular Dwelling is Self Sufficient in Australian Outback

By / / Factory-Built Homes, Green, Manufactured and Modular Housing News, Modular

This off-the-grid modular retreat in Victoria, Australia is equipped with solar panels, a septic tank and rainwater cachement to minimize environmental impact. Commissioned by a businessman who spends much of his time away, the 1,033 square-foot dwelling by modular builder Modscape is made to withstand extended periods of vacancy, requiring

Modular Dwelling is Self Sufficient in Australian Outback Read More

Killam Properties Announces .05 Dividend

By / / Business, Canada, Communities, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Killam Properties, Inc. (TSE:KMP) has announced a dividend of $0.05 per share on Wed. Oct 15, 2014 to shareholders of record on Sept. 30, according to watchlistnews.com. This represents a dividend yield of 5.76 percent. With five analysts having issued a hold rating and two a buy rating, Killam has

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Skyline Corp. Bellows, while Nasdaq Tumbles

By / / Business, Manufactured and Modular Housing News, Stocks

Investors moved away from the Wall Street dance floor in today’s trading, leaving a trail of stocks behind, as tech stocks pulled the Nasdaq down nearly two percent, and pushed down the Dow Jones Industrial Average -264.26 points, -1.54 percent, to close at 16,945.80. The Nasdaq tumbled -88.47 points, -1.94

Skyline Corp. Bellows, while Nasdaq Tumbles Read More

Gabelli unloads Skyline Corp. Stock

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

Mario Gabelli, with over $19 million invested in stocks, has reduced his position in Skyline Corp., a producer of manufactured homes and recreational vehicles, by 3.21 percent. He now holds 406,700 shares, which represents 4.85 percent of the company, according to yahoofinance.com. Gabelli has decreased his holdings in the company

Gabelli unloads Skyline Corp. Stock Read More

Report Cites Uptick in Demand for MHCs by Investors and Baby Boomers

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Trends

Marcus & Millichap’s Manufactured Housing Research Report says rising home prices, improving job outlook and an expanding baby boomer population are adding to increased occupancy in manufactured home communities (MHCs), a trend the real estate investment services company reports will continue. Concurrently, investors looking for large, top quality communities with

Report Cites Uptick in Demand for MHCs by Investors and Baby Boomers Read More

Penn. Women Awarded $60k over Mangled Modular Home Deal

By / / Business, Company News, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

In a story MHProNews has been following since earlier this year, and last posted an article July 30, 2014, regarding Wyoming Homes owner David Valenti being charged with theft for selling modular homes and not delivering, a Freeland, Penn. women was awarded $59,060.28 in damages for a home that was

Penn. Women Awarded $60k over Mangled Modular Home Deal Read More

Affiliated Managers Group Edges Up; Dow Gains over 100 Points

By / / Business, Manufactured and Modular Housing News, Stocks

Paul LaMonica of CNNMoney says the Russell Index of small cap stocks is down four percent in Sept., wiping out the gains for the year, driving investors to put their money in blue chips like Merck, Johnson & Johnson, Apple, Wells Fargo, Microsoft and Disney, which are beating the broader

Affiliated Managers Group Edges Up; Dow Gains over 100 Points Read More

Sun Communities closes on Public Offering

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Following a story MHProNews posted Sept. 17 regarding Sun Communities, Inc.’s (SUI) announcement of a public offering to raise shares to help fund its recent $1.32 billion acquisition of 59 manufactured housing communities (MHCs) from Green Courte Partners, LLC, the offering is now closed. The 6,900,000 shares of commons stock,

Sun Communities closes on Public Offering Read More

Best Rate of New Home Sales in Six Years

By / / Business, home buyers, Manufactured and Modular Housing News, Trends

While sales of existing homes fell 1.8 percent in August, as MHProNews reported Sept. 23, sales of newly-built, single-family homes rose 18 percent in the same month, hitting a seasonally-adjusted annual rate of 504,000 units. The National Association of Home Builders (NAHB) reports this was the best pace in six

Best Rate of New Home Sales in Six Years Read More

Design Flaw or Cost Overruns: Forest City Ratner versus Skanska

By / / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Updating a post MHProNews last published Sept. 19, 2014 regarding the continuing saga in New York over the stalled 32-story modular apartment complex between developer Forest City Ratner and builder Skanska, construction is idled while counter lawsuits remain in the courts. According to nydailynews.com, Ratner cannot proceed with another contractor

Design Flaw or Cost Overruns: Forest City Ratner versus Skanska Read More

Solitaire Manufactured Homes part of Tour

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

In honor of Manufacturing Day, with over 1,500 events scheduled around the nation the first week of October, six Deming, New Mexico businesses are leading tours of their facilities, according to demingheadlight.com. Participants in this town in southwest New Mexico will board a morning bus Oct. 2, 2014, and one

Solitaire Manufactured Homes part of Tour Read More

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