Manufactured and Modular Housing News

Los Angeles Singing the ‘Rising Housing Cost Blues’ Read More

Los Angeles Singing the ‘Rising Housing Cost Blues’

By Matthew Silver / September 4, 2014 / Economy, home buyers, Legal, Manufactured and Modular Housing News, regulation, Trends

Residents of Los Angeles use a larger portion of their paycheck for housing than people in San Francisco, New York or Miami. “They’re bottom earners living in a high-priced housing market,” said Dowell Myers, a policy, planning and demographics professor at the University of Southern California in Los Angeles. Lower-income

MH Composite Regains, Skyline Pains, LPX Gains Read More

MH Composite Regains, Skyline Pains, LPX Gains

By Matthew Silver / September 4, 2014 / Business, Manufactured and Modular Housing News, Stocks

The European Central Bank is providing a stimulus to the economy, similar to the Federal Reserve’s bond-buying program, that will give regional countries more financial ability to import goods. However, markets were rather flat in today’s trading on the U.S. Big Board, as the three major indexes slipped modestly. The

Tiny Homes Recommended for Princeton, New Jersey Read More

Tiny Homes Recommended for Princeton, New Jersey

By Matthew Silver / September 4, 2014 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Writing in centraljersey.com, Anne Waldron Neumann tells MHProNews the Tiny House movement is attractive because it is off the grid—solar panels, recycled building materials, composting toilets, propane tanks—and it offers an anti-consumerism while still being community/neighborhood-friendly. She even suggests they could create more population density in Princeton, New Jersey by

Affordable Housing still Wanting in the Bakken Oilfields area of North Dakota Read More

Affordable Housing still Wanting in the Bakken Oilfields area of North Dakota

By Matthew Silver / September 4, 2014 / Business, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, Trends

While the oil boom in the Bakken Formation area near Watford City, North Dakota has brought a lot of quick prosperity to many local residents, the character of the town is changing due to the growth of the 1,400 residents six years ago to 10,000 today. As The atlantic.com tells

Peerless Systems acquires Majority of Deer Valley Homebuilders Read More

Peerless Systems acquires Majority of Deer Valley Homebuilders

By Matthew Silver / September 4, 2014 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

Eighty percent of the outstanding common stock of manufactured home builder Deer Valley Corp. (DVLY) is being acquired by software developer Peerless Systems Corp. in a deal valued at $3.68 million, according to streetinsider.com. Based in Guin, Alabama, Deer Valley builds, distributes, finances and provides warranty and repair services for

Modular Classrooms may Ease Overcrowding Read More

Modular Classrooms may Ease Overcrowding

By Matthew Silver / September 4, 2014 / Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Due to over-and under-crowding in the Wake County (North Carolina) Public School System, board members discussed changing the academic calendar from a ten month calendar to a multi-track calendar, or install 21 modular classrooms to relieve overcrowding in the elementary and middle schools. Capacity in the different schools range from

MH Composite Drops again, Liberty Homes Plunges, Deer Valley Moves up Read More

MH Composite Drops again, Liberty Homes Plunges, Deer Valley Moves up

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

The five percent fall of the Euro against the dollar over the last three months, and the slide of prices for goods leaving European factories may ring an alarm bell for other Western countries because of the close ties of the world economies. In today’s trading on Wall Street the

Manufactured Homes could Provide Housing for Seasonal Workers Read More

Manufactured Homes could Provide Housing for Seasonal Workers

By Matthew Silver / September 3, 2014 / Communities, Manufactured and Modular Housing News, Manufactured Homes

Some of the vacant lots in manufactured housing communities (MHCs) could meet the needs of truck drivers for the Southern Minnesota Sugar Beet Cooperative and its members as the season’s work begins Friday, Sept. 5 in Renville County. Jill Bruns, public health director, told the Renville County Board of Commissioners

HUD Code Production Rises Nearly 20 Percent in July Read More

HUD Code Production Rises Nearly 20 Percent in July

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

According to the Manufactured Housing Association for Regulatory Reform, the U. S. Department of Housing and Urban Development (HUD) statistics reveal that production of manufactured homes jumped 18.4 percent in July over July 2013, 5,675 HUD Code homes this year as compared to 4,793 produced in July 2013. On the

Modular Homes Designed for Addiction Recovery Read More

Modular Homes Designed for Addiction Recovery

By Matthew Silver / September 3, 2014 / Manufactured and Modular Housing News

A new campus comprised of three modular homes on Martha’s Vineyard in Massachusetts will provide a retreat for up to 27 residents recovering from alcohol and drug addiction, as mvgazette.com tells MHProNews. The result of a $3 million capital campaign, two homes will be for men and one for women,

Pending Home Sales Rise in July Read More

Pending Home Sales Rise in July

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

The Pending Home Sales Index (PHSI) rose 3.3 percent in July over June to 105.9, marking an increase in the National Association of Realtors (NAR) measuring stick for four of the last five months, with three of the four regions registering an increase. While still below July, 2013 (108.2), according

Prevatte Honored by NC Manufactured and Modular Housing Industry Read More

Prevatte Honored by NC Manufactured and Modular Housing Industry

By Matthew Silver / September 3, 2014 / Awards, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

A veteran of over 40 years in the manufactured and modular housing industry, and the owner of Prevatte’s Home Sales in Lumberton, North Carolina, for 25 years, Tonnie Prevatte received the Rollan Jones Member of the Year award as voted by the members of the North Carolina Manufactured and Modular

Manufactured Homes may be Included in SC Affordable Housing Plan Read More

Manufactured Homes may be Included in SC Affordable Housing Plan

By Matthew Silver / September 3, 2014 / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, Zoning

Following a story MHProNews last published July 2, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer assistance to ten qualified residents to purchase modular homes, the town is now considering expanding its Small Home Series program, since eleven people have inquired about the

North Carolina County Suggests Removing MH Age Restriction Read More

North Carolina County Suggests Removing MH Age Restriction

By Matthew Silver / September 2, 2014 / Legal, Manufactured and Modular Housing News, Manufactured Homes

The Greene County Planning Board in North Carolina, after reconsidering the county’s manufactured home (MH) ordinance which restricts homes being brought into the county to no more than 15 years old, has removed the restriction and recommended the decision to the county commissioners. A North Carolina Court of Appeals ruled

Skyline Trades Down as Nasdaq Moves up Modestly; Dow and S&P Slip Read More

Skyline Trades Down as Nasdaq Moves up Modestly; Dow and S&P Slip

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

In today’s trading on Wall Street following the Labor Day holiday, the Dow and S&P slipped modestly, while the Nasdaq made a minor advance, and tracked stocks closed mixed. However, Skyline Corp. (SKY) dropped -9.17 percent to 3.17, a decline of -0.32 points in the largest fall of stocks we

Capital Square Realty Acquires three MHCs Read More

Capital Square Realty Acquires three MHCs

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

MHProNews has been informed by virtual-strategy.com an affiliate of Capital Square Realty Advisors, LLC has acquired three manufactured housing communities consisting of 1,141 home sites in Indiana and Ohio. The largest community is Timberbrook in Bristol, Indiana with 567 homesites set on 103 acres. Woodlake-Summerdale, located in Yoder, IN is

Work Stops on Massive Modular Housing Project in Big Apple; Ratner, Skanska at Odds Read More

Work Stops on Massive Modular Housing Project in Big Apple; Ratner, Skanska at Odds

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

Following a series of stories MHProNews posted regarding the development of the 32-story, modular housing project by Forest City Ratner and construction partner Skanska intended for Brooklyn’s Barclay Center, work has come to a halt in a bitter dispute over tens of millions of dollars in cost overruns. Skanska idled