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.

Retirement Manufactured Home Communities Gaining in Popularity

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

Touting the benefits of senior living manufactured home communities (MHCs), deseretnews.com reports manufactured homes, at $40,000-$45,000, are available to fit a retiree’s budget and offer style, function and space as well as tax-deductible interest on mortgage or lease payments, much like a site-built home. Most communities have recreational activities and […]

Retirement Manufactured Home Communities Gaining in Popularity Read More

Drawn Quarters, Manufactured Housing Then and Now

By / / Advocacy, Communities, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Trends

An article written by Allan Wallis about manufactured housing in 1984 continues to be relevant today, although the definitions in Drawn Quarters do not always resonate with governmental and regulatory agencies. He cites the four distinct periods of the industry, and their proper names: 1928-1940 travel trailer 1941-1954 house trailer

Drawn Quarters, Manufactured Housing Then and Now Read More

Sam Zell: With Home Sales Skittish, Multifamily Rental is Good Investment

By / / Advocacy, Business, Communities, Company News, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, RV, Trends

According to etfdailynews.com, Jeffrey Gundlach, CEO of DoubleLine Capital, said at the Sohn Investment Conference, “Single-family housing is overrated. Renting is more appealing across all age groups, all parts of the U.S., city, suburb, small town and rural.” Investor Bill Miller of Legg Mason disagreed, saying housing affordability and low

Sam Zell: With Home Sales Skittish, Multifamily Rental is Good Investment Read More

Dow Jones Moves Beyond 17,000; S&P Nears 2,000 Mark

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

The Dow Jones Industrial Average finally crossed the 17,000 mark, as it moved up +92.02 points in today’s short day of trading, +0.54 percent, to end at 17,068.26 in advance of the July 4 holiday. As CNNMoney informs MHProNews, the Nasdaq gained +28.2 points, +0.63 percent, to close at 4,485.93,

Dow Jones Moves Beyond 17,000; S&P Nears 2,000 Mark Read More

HUD Code Production Continues to Grow Monthly

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

MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR) that statistics obtained from the U. S. Department of Housing and Urban Development (HUD) reveal manufactured housing production grew to 5,733 HUD Code homes in May, a two percent increase over the 5,622 produced in May of 2013.

HUD Code Production Continues to Grow Monthly Read More

Housing Bubble Drawing People back to Manufactured Housing

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

BMO Capital Markets’ Senior Analyst Paul Adornato says the housing bubble has made mortgages tougher to get, leading people to manufactured housing (MH), and since manufactured home community owner Sun Communities, Inc. is poised to take advantage of the situation, their stock has been bumped up to an outperform rating,

Housing Bubble Drawing People back to Manufactured Housing Read More

Marcus & Millichap Engineer MHC Sale

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

Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to sddt.com. The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National

Marcus & Millichap Engineer MHC Sale Read More

Chinese may Build Modular Homes in Borneo

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

The third largest island in the world, situated southeast of the Malay Peninsula, Borneo is part of Malaysia and Indonesia, and hungry for modular housing to ease the shortage of affordable homes. Chinese-built modular homes have been exported to 80 countries, but transportation would make the prices too high to

Chinese may Build Modular Homes in Borneo Read More

Job Growth Strong in June

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

According to payroll processing firm ADP, private sector firms added 281,000 jobs in June, the strongest month for hiring since November, 2012. Small companies with under 50 employees added 117,000 jobs, mid-sized businesses added 115,000 employees and large firms with over 500 workers added 49,000 jobs, as reported to MHProNews

Job Growth Strong in June Read More

Sewer Problems Inherited from Previous MHC Owner

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

The Easton, Mass. Board of Selectmen, acting as the town’s manufactured housing rent control board concerning residents of Easton Mobile Park request for reduced rents, heard more information from owner Morgan Management’s controller as well as from Justin DaMore of Meyers Environmental describing an inadequate sewer system for the community.

Sewer Problems Inherited from Previous MHC Owner Read More

Skyline Rises, UFPI falls; Dow Closing in on 17,000

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

After a day of jagged ups and downs, the Dow Jones Industrial Average continues to flirt with the 17,000 mark, as it moved up +20.17 points in today’s trading, +0.12 percent, to end at 16,976.24. As CNNMoney informs MHProNews, the Nasdaq slipped -0.92 points, -0.02 percent, to close at 4,457.73,

Skyline Rises, UFPI falls; Dow Closing in on 17,000 Read More

Affordable Modular Homes Proposal Moving Forward in Bluffton

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

Updating a story MHProNews last posted June 12, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer as much as $10,000 in assistance to help ten qualified residents purchase modular homes, the proposal now goes before the town council. If approved, the homes would

Affordable Modular Homes Proposal Moving Forward in Bluffton Read More

UMH Properties Declares Common and Preferred Stock Dividends

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

The board of directors of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, has declared a quarterly cash dividend on the company’s common stock of $0.18 per share payable Sept. 15, 2014 to shareholders of record as of Aug. 15, 2014. In addition, the board declared a quarterly dividend of

UMH Properties Declares Common and Preferred Stock Dividends Read More

Vacant Lots in Chicago Selling for One Dollar Each

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

According to a report on NPR.org, the city of Chicago owns nearly 5,000 empty lots in the greater Englewood area on the South Side due to the foreclosure crisis that resulted in the demolition of many homes. Having limited success with affordable housing and urban garden efforts, the city is

Vacant Lots in Chicago Selling for One Dollar Each Read More

Manufactured Homes Included in Homebuyer Savings Plan

By / / Advocacy, Business, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

In an attempt to strengthen the state’s housing market, Virginia has passed a measure that allows first-time home buyers to invest up to $50,000 in any financial institution, free of state taxes on any earnings, provided the money is used to buy a home in the state. Called the First-time

Manufactured Homes Included in Homebuyer Savings Plan Read More

Orders for Manufactured, Modular Homes Drop in Iowa

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

Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), informs MHProNews only 43 manufactured homes were ordered by retailers in Iowa during Q1, 2014—just six in the month of January—a drop of 15 homes, 26 percent, compared to the same period in 2013. For the last three

Orders for Manufactured, Modular Homes Drop in Iowa Read More

Regional Fed Head Says Interest Rate Will Remain Low

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

John Williams, president of the Federal Reserve Bank of San Francisco, while expressing optimism the economy is well on its way to recovery, says the Fed will need to keep interest rates near zero until the middle of next year. Speaking to members of the Utah and Montana Bankers Association,

Regional Fed Head Says Interest Rate Will Remain Low Read More

UFPI Gains over 3 Percent; Dow, S&P Hit new Record Highs

By / / Business, Manufactured and Modular Housing News

New money from mutual funds and other big investors are entering the stock market to kick off the second half of the year, driving the Dow Jones Industrial Average and the S&P 500 to new record highs. As CNNMoney informs MHProNews, the Dow rose +129.47 points, +0.77 percent, to 16,956.07,

UFPI Gains over 3 Percent; Dow, S&P Hit new Record Highs Read More

Three UK Modular Businesses Combined for Sustained Growth

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

Yorkshire, England entrepreneur Andrew Foreman has entered a 50/50 joint partnership worth $8 million with Marcol Group, a property investment company, to grow three modular building companies near Beverley on the Catfoss Industrial Estate. Catfoss Eco Modular Living Ltd manufactures modular buildings for homes and business. Catfoss Modular and Portable

Three UK Modular Businesses Combined for Sustained Growth Read More

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