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.
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
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
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
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
School overcrowding in Washoe County, Nevada has led to the acquisition of 94 modular units, each with two classrooms, over some 30 years, and another $400,000 this year for classrooms for 13 schools in the school district that encompasses Reno. According to rgj.com, at least 15 of the district schools
Reno Schools Maintained by Modular Classrooms Read More
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
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
As we’ve hinted or stated a few times, we’re upgrading our site to handle the ever-growing traffic and content. With the approach of our 5th anniversary online, we’re also planning by year’s end to launch version 3.0 of the MH Industry-leading trade journal, MHProNews.com. Changing for the Better Between now
Approaching 5 Years and Version 3.0! Read More
Homeownership in the U. S. continues to fall, hitting 64.7 percent, a level not seen in almost 20 years, and according to housingwire.com, the trend is not expected to reverse any time soon. Home price appreciation has been driven by investors buying up homes, not owner-occupant homes. Usually, as MHProNews
U. S. Homeownership Rates Continue to Slide Read More
A record-breaking crowd of 444 witnessed the Class of 2014 being inducted into the RV/MH Hall of Fame in Elkhart, Indiana, beating the previous record of 434 attendees. The Class includes: Debbie Brunoforte, Little Dealer, Little Prices; Bob Livingston, Good Sam; Peter B Orthwein, Thor Industries; John D Roba, Roba
RV/MH Class of 2014 Inducted at Record-breaking Ceremony Read More
Renewed fears that Russia may invade Ukraine, as Russian troops mass on the Ukrainian border, sent the three major indexes down in today’s trading, dropping the Dow Jones Industrial Average -139.81 points, -0.84 percent, to end the day at 16,429.47, while the Nasdaq dropped -31.05 points, -0.71 percent, to close
LPX Falls over Six percent; Russian War Fears Drops Dow, Nasdaq and S&P Read More
Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) reports mortgage credit increased 0.5 percent from 115.8 in June to 116.4 in July, 2014, according to worldpropertychannel.com. Benchmarked at 100 in March 2012, an index increase indicates credit is loosening while a drop in the index notes tightening of credit.
MBA Reports Credit Availability Index Rises Read More
Net sales of $322 million (a quarterly record) for Drew Industries, Inc. in the second quarter of 2014 produced net income of $18.6 million, or $0.77 per diluted share, a 12 percent increase over net sales for the same period of 2013 which produced net income of $15.9 million, or
Drew Sales Rise 12% over Q2 2013 Read More
While the Joplin, Missouri City Council continues to let contracts for onging infrastructure rebuild as the result of the horrific destruction of the May 22, 2011 tornado that took 158 lives, it also voted unanimously to approve historic designation for a Lustron house in the city. The metal-paneled modular homes
Lustron House Protected by Joplin, Missouri Read More
Freddie Mac’s mid-year multifamily outlook reports vacancy rates are at a 13-year low, and that trend will continue through 2015, says Steven Guggenmos, Senior Director, Multifamily Investments and Research at the government-sponsored enterprise (GSE). He tells MHProNews the strong demand in part is due to employment gains among young adults.
Multifamily Vacancy Rates Low Read More
According to a new study by the National Association of Home Builders (NAHB), for every $1,000 increase in the cost of a new median-priced home, 206,000 more prospective buyers are forced out of the marketplace. Among the states, the number of households that would no longer qualify for a mortgage
Each $1k Rise in Home Price Equals 200k fewer Buyers Read More
Patty Hydock closed her modular home sales center in Egg Harbor City, New Jersey in 2006 on the eve of the housing bubble, but re-opened Jersey Coast Modular Homes eight years later following another disaster, Hurricane Sandy, that created a need for housing. Hydock had eleven good years of buying
Modular Home Center Re-opens after Eight Years Read More
With investors’ concern that the market was undergoing a correction last week—defined as a ten percent or more drop from a recent peak—fading, all three major indexes rebounded in today’s trading, although not totally making up for last week’s losses. The Dow Jones Industrial Average gained +75.91 points, +0.46 percent,
Drew, Skyline, UFPI Lead Advances; Dow, Nasdaq and S&P Move Up as well Read More
MHProNews has learned from the Manufactured Housing Association for Regulatory Affairs (MHARR), statistics released by the Department of Housing and Urban Development reveal production of HUD Code homes grew 5.3 percent in June 2014 over last June, 5,624 homes over 5,338. Industry production for the year now totals 30,675 homes,
HUD Code Homes Production keeps Climbing Read More
Rick Robinson, General Counsel in Governmental Affairs at the Manufactured Housing Institute (MHI), congratulates Brad Lovin, Executive Director of the North Carolina Manufactured and Modular Homebuilders Association (NCMHA), on working to reduce the sales tax on manufactured and modular housing by half in NC. The amendment is attached as a
North Carolina gets HUD Code/Mod Home Tax Relief Read More
