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.

Green Courte Acquires Land Lease Community in Arizona

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

MHProNews.com has been informed that private equity real estate investment firm Green Courte Partners, LLC has acquired Mountain View Estates, a 170-homesite age-restricted manufactured housing community (MHC) in Mesa, Arizona. Green Courte’s William Glascott says, “With this acquisition, our portfolio of age-restricted land-lease communities within the greater Phoenix market includes […]

Green Courte Acquires Land Lease Community in Arizona Read More

New Ordinance Allows Placement of Pre-HUD Code Homes

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

A new ordinance unanimously passed by the Hamlet (North Carolina) City Council allows any factory-built home to be sited within the city limits providing it is set on a concrete foundation and “the tongue, axles, transporting, lights and removable towing apparatus shall be removed subsequent to final placement.” The previous

New Ordinance Allows Placement of Pre-HUD Code Homes Read More

School funded by Clayton Homes Celebrates First Year

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

As the Clayton-Bradley Academy celebrated its first year, faculty, staff, students and their parents gathered on the last day of school for a picnic and games, and donated items for a time capsule placed in a hallway wall, set to be opened when the school has its 25th anniversary in

School funded by Clayton Homes Celebrates First Year Read More

Developer to Build Modular Units in New Zealand

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

Real estate developer Ian Cassels of New Zealand intends to build 2,000 two-bedroom modular apartment units for Wellington measuring about 225 square feet each. As director of The Wellington Company, Cassels has already signed a contract to develop land owned by the Port Nicholson Block Settlement Trust, where a prototype

Developer to Build Modular Units in New Zealand Read More

Skyline Rises, UMH Slips; Dow, Nasdaq and S&P Move Little

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

Investors on Wall Street stepped back for some breathing room after a week of setting new records, leaving the three major indexes to move little either way. CNNMoney tells MHProNews the Dow Jones Industrial Average gained all of +2.82 points, +0.02 percent to end the day at 16,945.42. Meanwhile, the

Skyline Rises, UMH Slips; Dow, Nasdaq and S&P Move Little Read More

Foreclosures Fall Nationally 26 Percent Year-over-Year

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

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 109,824 U. S. properties in May 2014, a five percent decrease from the previous month, and a 26 percent drop from one year ago to the lowest monthly level since Dec., 2006, according to RealtyTrac’s latest

Foreclosures Fall Nationally 26 Percent Year-over-Year Read More

Patrick Acquires Painting Firm

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

Elkhart, Indiana-based Patrick Industries, Inc. (PATK) has acquired Precision Painting Group which offers interior and exterior painting for recreational vehicles (RVs), and includes TDM Transport, Inc., which services in-house customers. Although no purchase price was published, Precision expects annual revenues this year of $28 million, according to rvbusiness.com. Patrick is

Patrick Acquires Painting Firm Read More

School District Juggles Kids, Continues Using Modular Classrooms

By / / Advocacy, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Waterloo (Iowa) Community Schools officials succeeded in convincing Waterloo’s Planning, Programming and Zoning Commission to allow two modular classroom buildings to remain at Kingsley Elementary school while district officials deal with balancing the burgeoning student population. Sited in Sept., 2010, each building contains two classrooms, both of which had been

School District Juggles Kids, Continues Using Modular Classrooms Read More

Modular Classrooms to be Considered for Calif. School

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

While the most recent news from Lake County, California that MHProNews has published dealt with rent control in manufactured housing communities Feb. 5, 2014, record-bee.com reports the Middletown Unified School District (MUSD) Board of Trustees will consider a contract with American Modular Systems to install modular classrooms at Minnie Cannon

Modular Classrooms to be Considered for Calif. School Read More

Florida MHC Runs through Hurricane Drill

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

Sandhill Shores manufactured home community (MHC) in Fort Pierce, Florida is holding a mock hurricane drill June 26 to inform residents what to expect in case of a real event. Managed by Newby Management, the 55+ community of homes and recreational vehicles (RV) will experience the drill as if a

Florida MHC Runs through Hurricane Drill Read More

Patrick, LPX Advance; Dow, S&P hit New Highs Again

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

All three major indexes moved up modestly, but sufficient to hit new highs for the Dow Jones Industrial Average and the S&P 500 on news of pharmaceutical and food company acquisitions. The Dow moved up +18.82 points, +0.11 percent, to end closer to 17k at 16,943.10. The Nasdaq gained 14.84

Patrick, LPX Advance; Dow, S&P hit New Highs Again Read More

Green Construction Growing in Housing Market

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

McGraw Hill’s Construction Forecast Report anticipates 45 percent of all construction begun in the U. S. in 2014 will be single and multifamily housing projects. A survey of builder and remodeler members of the National Association of Home Builders (NAHB) reveals 62 percent of single-family home builders report they are

Green Construction Growing in Housing Market Read More

Manufactured Home Owner Upset with Florida Insurer

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

As an addendum to a story MHProNews published April 26, 2013 regarding Florida’s state-run insurance company reducing its coverage (but not its premiums) on older manufactured homes (MH), a resident says his Citizens renewal notice indicates the value on his home dropped from $71,000 to $29,000 in 12 months. In

Manufactured Home Owner Upset with Florida Insurer Read More

Ordinance may Block Siting of Manufactured Homes

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

A city code in Lewes, Delaware that bans residents of Abbott Park manufactured housing co-op from renovating or replacing their factory-built homes may be altered to allow only modular and stick-built homes in their stead, according to capegazete.villagesoup.com. Since manufactured homes (MH) are not allowed in Lewes, existing ones are

Ordinance may Block Siting of Manufactured Homes Read More

Modular Development Garners Design Award for Nigerian Immigrant

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

Nigerian immigrant Emeka Onwugbenu (pronounced “eh-Meh-ka on-woo-Bay-nu”) arrived in Pittsburgh in 2002, and after graduating from Penn State with a degree in engineering and Carnegie Mellon University with an MBA, has become one of the most innovative developers in town in just four years. The American Institute of Architects (AIA)

Modular Development Garners Design Award for Nigerian Immigrant Read More

Affordable Housing Plan calls for 22 New Modular Homes

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

Following a story MHProNews posted May 21, 2014 regarding the city of Bluffton, South Carolina’s plan to replace aging pre-HUD Code homes with new modulars, the affordable housing committee intends to offer a final draft to the Bluffton Town Council next month. MHProNews has learned the 22 Small Home Series

Affordable Housing Plan calls for 22 New Modular Homes Read More

City Council Defies Planning Commission, Approves Zoning for 200 Site MHC

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

Following a story MHProNews published June 4, 2014 regarding the Lincoln (North Dakota) Planning Commission’s denial of a request to develop a 200 site manufactured housing community (MHC), the city council voted 2-0 to to approve rezoning for the project. Dave Patience, a civil engineer who presented the plan on

City Council Defies Planning Commission, Approves Zoning for 200 Site MHC Read More

Nobility Homes Spikes; Dow, Nasdaq, S&P Advance

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

All three major indexes got a boost of around one-half percent upon a better-than-expected jobs report from the U. S. Department of Labor this morning. The Dow Jones Industrial Average moved up +88.17 points, +0.52 percent, to end the week just below 17k at 16,924.28. The Nasdaq gained 25.17 points,

Nobility Homes Spikes; Dow, Nasdaq, S&P Advance Read More

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