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.

FICO: Update Broadens Credit Access. VantageScore: Been There, Done That.

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

With the introduction of FICO Score 9, medical collections will have less prominence in affecting the FICO score as credit worthiness for potential homebuyers, expected to increase by 25 points consumers’ median FICO scores, according to what housingwire.com tells MHProNews. Applauded by the National Association of Realtors (NAR) because it […]

FICO: Update Broadens Credit Access. VantageScore: Been There, Done That. Read More

Manufactured Home Resident wins Energy Efficiency Makeover

By / / Awards, Company News, Green, Manufactured and Modular Housing News, Manufactured Homes, People

Connie Jefferies of Damascus, Arkansas has won the seventh annual energy efficiency manufactured home (MH) makeover contest sponsored by the Electric Cooperatives of AR, according to thv11.com. Bret Curry, manager of residential energy marketing for the cooperative, says 15 percent of the state’s housing stock is manufactured homes, and some

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Metro Areas Show Modest Economic Gains

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

The First American Leading Markets Index (LMI) of the National Association of Home Builders (NAHB) indicates 56 of the approximately 350 metro areas in the U. S. have exceeded or returned to normal levels of economic and housing activity, seven more than one year ago. According to the LMI, the

Metro Areas Show Modest Economic Gains Read More

Statute Eases Removal of Abandoned Manufactured Homes

By / / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

The Village of Shiloh (southwestern Illinois) Board of Trustees has approved an agreement to authorize Village Administrator John Marquart to carry out the statutory requirements of the Abandoned Mobile Home Act, and assist the Valley View Estates manufactured home community in disposing of abandoned pre HUD Code homes, according to

Statute Eases Removal of Abandoned Manufactured Homes Read More

Cavco Rises above other Tracked Stocks; Dow, Nasdaq and S&P 500 End Week Up

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

Despite global turmoil, the Dow Jones Industrial Average and the S&P 500 regained some lost ground as each gained over one percent to mark the end of a volatile week on the Big Board. The Dow Jones Industrial Average gained +185.66 points, +1.13 percent, to end the week at 16,4553.03,

Cavco Rises above other Tracked Stocks; Dow, Nasdaq and S&P 500 End Week Up Read More

UMH Income Rises in Second Quarter

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

Freehold, New Jersey-based UMH Properties, Inc. reports income for the second quarter of 2014 was $18,149,000 as opposed to $16,098,000 for the comparable period in 2013, according to marketwatch.com. Total expenses rose from $14,197,000 in Q2 2013 to $16,490,000, in Q2 2014, and income from community operations rose from $6,836,000

UMH Income Rises in Second Quarter Read More

Industry Members Urged to Contact U. S. Representatives

By / / Advocacy, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

Nathan Smith, Chairman of the Manufactured Housing Institute (MHI), is imploring industry members to contact their U. S. representative urging support for H. R. 1779, the Preserving Access to Manufactured Housing Act, when they return to Washington after Labor Day. The Dodd-Frank reform legislation has been successfully moved out of

Industry Members Urged to Contact U. S. Representatives Read More

Killam Posts Earnings for Q2 2014

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

Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSX:KMP) reports for the second quarter, ending June 30, 2014 its funds from operations (FFO) per diluted share increased 5.9 percent from $0.18 to $0.19 over the same period 2013. Same store net operating income (NOI) grew by 1.3 percent, and same store

Killam Posts Earnings for Q2 2014 Read More

Builder Confidence Rises for 55+ Market

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

The National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI) indicates builder confidence in the 55+ single-family housing market rose three points to 56, the highest second-quarter reading since the beginning of the index in 2008. Builder sentiment is measured by current sales, prospective buyer traffic and anticipated

Builder Confidence Rises for 55+ Market Read More

Three Manufactured Home Communities Become Co-ops

By / / Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

According to realestaterama.com, three manufactured housing communities in Moses Lake, Washington all become resident-owned communities, each governed by its own democratically-elected representatives. The 113 homesites comprising Lakeview Terrace, Ponderosa and Cascade Village were part of a portfolio owned by Cascade Communities, Ltd., with $3.3 million financing for the co-ops provided

Three Manufactured Home Communities Become Co-ops Read More

Pennsylvania Conference Conclusion: Manufactured Housing Critical to Area

By / / Advocacy, Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

Forty-Five community leaders of varied backgrounds from eight counties in Pennsylvania gathered at the Federal Reserve Bank of Cleveland-Pittsburgh, sponsored by CFED’s (Corporation for Enterprise Development) Innovations in Manufactured Housing (I’M HOME), to discuss an initiative for improving the financial, health and environmental outcomes of residents of manufactured homes (MH).

Pennsylvania Conference Conclusion: Manufactured Housing Critical to Area Read More

Drew Draws a “Buy” Rating

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

A research note issued to investors by equities research analysts at Citigroup reiterated its “buy” rating for Drew Industries, Inc. stock, with a $51.00 target price according to intercooleronline.com. Shares of Drew traded down -0.78% on Thurs., Aug. 7, closing at $42.21. Drew has a one-year low of $40.38 and

Drew Draws a “Buy” Rating Read More

Clayton Homes Founder Funds Tennessee PAC

By / / Advocacy, Manufactured and Modular Housing News, Manufactured Homes, People

The Tennessee Republican state legislative races are pitting tea party activists against traditional conservatives in select districts, generating over $300,000 in super PAC spending, according to timesfreepress.com. “It’s a fight for the heart and soul of the Republican Party,” declared Rep. Tony Shipley, R-Kingsport, a tea party candidate who was

Clayton Homes Founder Funds Tennessee PAC Read More

Proposal would Ban Single-section Manufactured Homes from Town

By / / Manufactured and Modular Housing News

New ordinances proposed by the West Frankfort, Illinois Planning Commission would prohibit the siting of single-section manufactured homes (MH) within the city limits, as well as ban any manufactured home communities from being in the city. According to dailyamericannews.com, the codes regarding MH have not been updated since 1993, and

Proposal would Ban Single-section Manufactured Homes from Town Read More

North Carolina Allows Modular Health Care Structures

By / / Manufactured and Modular Housing News

Following a story MHProNews posted July 24, 2014, North Carolina Governor Pat McCrory signed legislation which exempts temporary health care structures from zoning ordinances, thereby allowing stand-alone modular structures with healthcare amenities to be sited on properties with single-family homes. “This bipartisan legislation will provide an alternative for families to

North Carolina Allows Modular Health Care Structures Read More

Defendant Sentenced in Fraudulent HUD Code/Mod Mortgage Scheme

By / / Manufactured and Modular Housing News

Following a story MHProNews posted June 4, 2014, U.S. District Judge Richard Voorhees imposed a 50 month prison sentence on Marina A. McCuen for her role in a mortgage-fraud conspiracy that originated $158 million in fraudulent federally-secured loans on manufactured and modular homes in North and South Carolina. She worked

Defendant Sentenced in Fraudulent HUD Code/Mod Mortgage Scheme Read More

Township Working to clean up Manufactured Home Community

By / / Manufactured and Modular Housing News

Genoa Township Supervisor Gary McCririe in Michigan says the town has provided free dumpsters for the Suburban Mobile Estates manufactured home community in the past in an attempt to help the residents clean up their neighborhood, according to whmitv.com. He says Suburban continues to need more help and encouragement in

Township Working to clean up Manufactured Home Community Read More

MHC Water Main Break Prompts Boil Water Advisory

By / / Manufactured and Modular Housing News

MHProNews has learned from springfieldnewssun.com in German Township, Ohio the Chateau Estates manufactured housing community (MHC) suffered a water main break Tuesday, and residents have been advised to boil water. While one resident claims he noticed water seeping up near the area of the break several days ago and notified

MHC Water Main Break Prompts Boil Water Advisory Read More

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