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 California Manufactured Housing Institute (CMHI) informs MHProNews.com 70 percent of manufactured home sales there are not starter homes but rather second homes or people downsizing to an aging in place residence. Increasingly, people are paying in cash, and, according to CMHI President Jess Maxcy, the trend towards the higher-end …
Manufactured Home Sales Rise 24 Percent in California Read More
Noting the high pace of multifamily housing starts for April, 2014, as MHProNews reported here May 16, 2014, Ted Wieseman of Morgan Stanley says tight mortgage credit will propel new household formation into the rental market and multifamily housing starts will be well above the historical average. The newsletter from …
Multifamily Starts Responds to Rental Market Demand Read More
Following a story we last posted May 16, 2014 regarding 24 affordable modular homes Bluffton, South Carolina will use to replace aging pre-HUD Code homes, the 2015 $19.64 million budget will need an added $100,000 as seed money towards that initiative, as proposed. According to thestate.com, Town Manager Anthony Barrett …
City Garnering Funds for Affordable Modular Housing Read More
Recalling a story MHProNews last posted Jan. 17, 2014 regarding the addition of kindergarten classes to Clayton-Bradley Academy on the grounds of the headquarters of Clayton Homes in Maryville, Tennessee, thedailytimes.com reports pre-school classes have been added, and applications are now being taken for the fall. Children must be four …
Clayton-Bradley Academy Growing Quicker than Expected Read More
MHProNews.com has learned from RVBusiness.com that Lippert Components of Elkhart County, Indiana reports it now has the capability through its Howe, Indiana facility to offer custom chassis for manufactured homes as well as to build any steel storage rack, carrier, frame or trailer. Chuck Bell, LCI vice president of chassis …
News that traditional retailers are suffering in the sales column drove the Dow Jones Industrial Average down -137.55, -0.83 percentage, to end the trading day at 16,374.31, while the Nasdaq fell -0.70 percent, -28.93 points, to close at 4,096.89. CNNMoney informs MHProNews.com the S&P lost -12.25 points, -0.65 percent, to …
Nobility Homes Gains, UFPI Falls, Dow Drops 137 Points Read More
For $5.9 million you can buy a manufactured home, the only man made structure on this 266-acre rural Arizona property that once had gold prospectors exiting the 25 miles of tunnels with nuggets as big as potatoes in the late 1800’s. The Octave Mine once supported the entire town of …
While tampabay.com writer Drew Harwell pounds owners of manufactured housing communities (MHCs) for taking advantage of people of limited means—”Mobile home parks charge homeowners every month to rent their square of dirt and concrete,” he says, which is not exactly complimentary of the residents either, because “they can’t afford to …
Writer Slams Manufactured Housing Communities but Residents Love Life Read More
Gloucester Township in Camden County, New Jersey will soon have three temporary modular units for homeless military veterans, according to nj.com. The Home of the Brave is a partnership between the county and Volunteers of America, which will manage the 30-bed shelter. MHProNews has learned they intend to begin housing …
Robert Calhoun bought Sunrise Mobile Home Park in Goose Creek, South Carolina in the 1970’s and expanded the home sites from 102 to 325, added a swimming pool and a gated section, and lost only three of the property’s 115 live Oak trees, as the area grew up around him. …
Factory-Built Homes Returning in Charleston, South Carolina Read More
Updating a story MHProNews.com last posted April 16, 2014 regarding the Stack, a 28-unit modular apartment building in the Inwood section of New York City, therealdeal.com reports the city’s first modular development is now leasing. Designed by Gluck+ and developed by Kimberly Frank and Jeffrey Brown, the 56 modules were …
New York City’s First Modular Apartments Ready to Lease Read More
While news of the devastating 2010 earthquake in Haiti has disappeared from the headlines, efforts continue to re-build homes for the many left homeless. A recent effort by architect Nader Khalili and Cal-Earth involves filling polypropylene bags with earth, sand, clay, water and fibrous materials like sticks and straw to …
Tech stocks rallied, not on the news of AT&T’s reported near $50 billion acquisition of DirecTV, but due more to TripAdvisor and NetFlix, which helped the Nasdaq move up +0.86 percent, +35.23 points, to close at 4,125.82. CNNMoney informs MHProNews.com the Dow Jones Industrial Average nudged up 20.55 points, +0.12 …
On the CBS Sunday Morning show segment May 18, the commentator -Mark Straussman – interviews a man standing in a manufactured housing community (MHC) in Santa Fe, New Mexico, who refutes the stigma often attached to residents, saying, “That is totally unfair, these are really good people, hard-working people you would …
The four manufactured housing stocks with the highest revenue, as MHProNews.com has learned from benzinga.com, are Cavco Industries, Inc. (NASDAQ:CVCO) that had a trailing-twelve-month revenue of $510.96 million with an operating revenue of 5.75 percent. With a gross profit for the same period of $11.46 million, Skyline (NYSE:SKY) reports a …
Benzinga: Cavco, Deer Valley, Nobility and Skyline have Highest MH Revenue Read More
Cool, cloudy and rainy weather failed to dampen the solid turnout of the public who came by the thousands to see modern manufactured and modular homes on display during the Eastern Ohio Home Show. Tim Williams, executive director for the Ohio Manufactured Homes Association, provided MHProNews with these officials totals: …
Rain and Clouds Don’t Dampen Ohio Manufactured Home Show’s Strong Public Attendance Read More
While the Bon Ayre manufactured home community in Smyrna, Delaware advertised residents were not liable to pay real estate taxes, the community sent out invoices December 2013 billing them for taxes from 2006, up to $291 each, MHProNews.com has learned. After receiving complaints from residents, the attorney general’s Consumer Protection …
Manufactured Home Community Ordered to Make Restitution Read More
According to marketwatch.com, Cavco Industries, Inc. will release its financials for Q4 of its fiscal year 2014 on Thurs., May 22 after the close of the market. Discussion of the results by senior management will take place in a live webcast the next day, Fri., May 23 at 12:00 PM …
Duck Dynasty star of the Arts & Entertainment (A&E) hit reality show, Willie Robertson, will become the voice of Clayton Homes, as MHProNews has learned. Part of the company’s “Enjoy Life” campaign, CEO Kevin Clayton says, “Our company has a tradition of hard work and homegrown values. Willie Robertson is …
Willie Robertson: Duck Call Star will be Voice of Clayton Homes Read More
Consumer sentiment fell in May, but a strong April housing start report buoyed what has been a volatile week on the stock market, putting a positive spin on the week’s end. CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 44.5 points, +0.27 percent, to end the week at …
