Manufactured and Modular Housing News

New Job Growth, Falling Unemployment: Sufficient to Spur Homeownership Growth? Read More

New Job Growth, Falling Unemployment: Sufficient to Spur Homeownership Growth?

By Matthew Silver / October 3, 2014 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

While analysts expected the jobs report to indicate 215,000 new jobs had been created in Sept., following the tepid 142,000 in August, the government says 248,000 new jobs were realized in September, more in line with the previous six months (before August) of job growth above 200,000. In addition, according

Liberty Homes Dips Sharply; Dow, Nasdaq and S&P all Gain over One Percent Read More

Liberty Homes Dips Sharply; Dow, Nasdaq and S&P all Gain over One Percent

By Matthew Silver / October 3, 2014 / Business, Manufactured and Modular Housing News, Stocks

The economy created 248,000 jobs in September and the unemployment rate fell to 5.9 percent, propelling all three major indexes to gain over one percent. The Dow Jones Industrial Average gained +1.24 percent, +208.64 points, to land at 17,009.69, while the Nasdaq advanced +1.03 percent, +45.42 points to close at

HUD Code Homes Production Continues to Grow Read More

HUD Code Homes Production Continues to Grow

By Matthew Silver / October 3, 2014 / Advocacy, Manufactured and Modular Housing News, Manufactured Homes

The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews statistics supplied by the Department of Housing and Urban Development (HUD) indicate production of HUD Code manufactured homes reached 5,955 in Aug., a 1.2 percent increase over the 5,886 manufactured n Aug. 2013. Cumulative totals for the year reveal production

Energy Efficient Manufactured Homes Replace Storm Irene Damage Read More

Energy Efficient Manufactured Homes Replace Storm Irene Damage

By Matthew Silver / October 3, 2014 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Following up on a story MHProNews posted Sept. 20, 2013 regarding damage to 560 manufactured homes (MH) in Vermont by Tropical Storm Irene in 2011, the Vermont Housing and Conservation Board (VHCB) is funding ten MH by the Vermont Energy Investment Corporation as part of the Manufactured Housing Innovation Project.

Canadian Modular Housing Development may need Lower Population Density Read More

Canadian Modular Housing Development may need Lower Population Density

By Matthew Silver / October 3, 2014 / Canada, Communities, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular, regulation

Following a story MHProNews first posted Sept. 5, 2014 regarding a plan to site 166 modular homes on both sides of the South Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal initially called for four times the density currently allowed by law, but the

Killam to Release Q3 2014 Financials Read More

Killam to Release Q3 2014 Financials

By Matthew Silver / October 2, 2014 / Business, Canada, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon,

California Home Prices Rising above Affordability for Hispanics Read More

California Home Prices Rising above Affordability for Hispanics

By Matthew Silver / October 2, 2014 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People, Trends

The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source

MH Composite Advances more than Dow, Nasdaq and S&P 500 Combined Read More

MH Composite Advances more than Dow, Nasdaq and S&P 500 Combined

By Matthew Silver / October 2, 2014 / Business, Manufactured and Modular Housing News, Stocks

Worried investors are returning to the shelter of gold as the three major indexes remained flat in today’s trading. The Dow Jones Industrial Average slipped -0.02 percent, -3.66 points, to land at 16,801.05, while the Nasdaq nudged up +8.01 points, +0.18 percent to close at 4,430.20. The S&P 500 gained

Mortgage Applications Dip for week Ending Sept. 26 Read More

Mortgage Applications Dip for week Ending Sept. 26

By Matthew Silver / October 2, 2014 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The Mortgage Bankers Association (MBA) reports for the week ending Sept. 26, mortgage applications slipped 0.2 percent on a seasonally adjusted basis from the previous week, while on an unadjusted basis the Market Composite Index (MCI) decreased 0.4 percent. The Refinance Index fell 0.3 percent from the week prior, while

Canadian City Seeks to Increase MH Licensing Fees Read More

Canadian City Seeks to Increase MH Licensing Fees

By Matthew Silver / October 2, 2014 / Business, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular

The Lloydminster City Council in west central Saskatchewan, Canada, just over the line from Alberta, voted for a 97 percent increase for daily manufactured home (MH) licensing fees over the next two years, according to wireservice.ca. The province’s Greens leader, Victor Lau, noting this is sending the wrong message to

UMH Properties Declares Stock Dividend Read More

UMH Properties Declares Stock Dividend

By Matthew Silver / October 2, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down

Control Shares Statute may Protect Skyline from Cavco Read More

Control Shares Statute may Protect Skyline from Cavco

By Matthew Silver / October 2, 2014 / Business, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV, Stocks

Following a story MHProNews has posted recently regarding Cavco Industries, Inc.’s attempt to acquire competitor Elkhart, Indiana-based Skyline Corporation, Indiana’s Control Shares Acquisition Statute makes a hostile takeover difficult. However, if the raider can persuade a majority of non-interested shareholders (meaning everyone besides management, and the raider) to give it

Skyline Founder Art Decio Donates Movie Equipment to Boyhood Gym Read More

Skyline Founder Art Decio Donates Movie Equipment to Boyhood Gym

By Matthew Silver / October 1, 2014 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV

While Skyline Corp. of Elkhart, Indiana is determining what suitor, if any, will acquire all or part of the company, founder Art Decio has agreed to donate $20,000 for high definition movie equipment for the Roosevelt Center gymnasium in Elkhart, where he and Mayor Dick Moore played basketball some 60

Dow Plunges, MH Composite Advances, Skyline Falls Back Read More

Dow Plunges, MH Composite Advances, Skyline Falls Back

By Matthew Silver / October 1, 2014 / Business, Manufactured and Modular Housing News, Stocks

The fear among investors may have hit a fever pitch because of ebola, ISIS, Europe’s economy, or protests in Hong Kong, as more stocks have hit 52-week lows as opposed to 52-week highs. It may be the “correction” that some analysts and pundits have bandied about recently. As CNNMoney informs

Dates Set for Louisville Manufactured Housing Show Read More

Dates Set for Louisville Manufactured Housing Show

By Matthew Silver / October 1, 2014 / Advocacy, Business, home buyers, Louisville Show, Manufactured and Modular Housing News, Manufactured Homes, Trade Shows

The 2015 Louisville Manufactured Housing Show will be held Wed., January 21 through Friday January 23 at the Kentucky Exposition Center near the Louisville Airport. The show has grown each year recently in attendance, number of exhibitors and number of manufactured homes on display, providing a marketplace for builders, developers,

RV/MH Hall of Fame Nominations due this Month Read More

RV/MH Hall of Fame Nominations due this Month

By Matthew Silver / October 1, 2014 / Awards, Manufactured and Modular Housing News, Manufactured Homes, People, RV

The RV/MH Hall of Fame has issued a reminder that the deadline for nominations for inductees into the Class of 2015 will end Oct. 31, with selections made in Jan. 2015. Nominees must have 25 years experience in any segment of the manufactured housing or recreational vehicle industry in order

North Carolina’s Deltec Sites First Net-Zero Home Read More

North Carolina’s Deltec Sites First Net-Zero Home

By Matthew Silver / October 1, 2014 / Business, Company News, Green, home buyers, Manufactured and Modular Housing News, Modular, People

The Renew Collection of Deltec Homes of Asheville, North Carolina offers homes with net-zero level of efficiency, reducing energy consumption by two-thirds compared to a traditional site-built home, according to sbcmag.info. Featuring double-stud walls, solar panels, triple-paned windows, exterior insulation and fresh air ventilation, their first net-zero home was delivered

Japanese Modular Homes Standardized but Warrantied for 20 Years Read More

Japanese Modular Homes Standardized but Warrantied for 20 Years

By Matthew Silver / October 1, 2014 / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

An architect from Australia visiting modular home manufacturers in Japan notes the factories are similar to automobile assembly lines with many robots, houses moving along assembly lines and technicians doing the jobs the robots cannot. Mathew Aitchison from the University of Queensland says he visited four different companies making modular