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.
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 […]
This Manufactured Home could Yield Gold Read More
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
Homeless Veterans will Live in Modular Housing Read More
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
Earthbag Home Will Resist Disasters Read More
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
Skyline Climbs, Drew Slips, Nasdaq Gains Read More
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
CBS Highlights Manufactured Homes Read More
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
Cavco to Release Fourth Quarter Financials Read More
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
Sun Communities, Dow, Nasdaq and S&P all Edge up Read More
The jump in multifamily housing starts for April of 39.6 percent is the fastest pace for this housing sector since Jan. 2006, and helped propel total housing starts to 1.07 million units, a 13.2 percent increase over March, according to figures released by the Department of Housing and Urban Development
Housing Starts Post Highest Pace in 8 years Read More
Regarding Freddie Mac’s decision to begin purchasing and securitizing manufactured housing community (MHC) loans as MHProNews.com posted here May 1, 2014, costar.com reports these will be commercial loans made to the community owners. David Brickman, Freddie Mac Multifamily executive vice president, said, “Manufactured housing communities are an affordable housing option
Freddie Mac to Work with Experienced MHC Lenders Read More
Following a story MHProNews.com posted May 6, 2014 regarding a proposal to replace pre- HUD-Code homes in Bluffton, South Carolina with new affordable modular models, islandpacket.com supports the project but with reservations. Noting the city got in over its financial head with a $1.2 million previous plan that replaced dilapidated
Bluffton, SC on Track with New Modular Homes Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews.com that new and used manufactured home title changes rose +21.57 percent Feb. over Jan. this year, increased +1.19 percent over Feb. 2013, and the year-to-date percentage change from the same time last year rose +0.31 percent. For new titles the change from
Texas Manufactured Housing Title Changes Reported for January to February Read More
A veteran of the manufactured housing industry for over 40 years, Gary Abbate has passed away, according to Ken Anderson of the Arizona Housing Association (AHA). After joining the Redman Homes sales team in 1970 in Texas, he served as sales manager for Redman first in Florida from 1987-1996, and
Passages: Gary Abbate Read More
Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., today issued the following statement following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member
Chairman of National Association of Home Builders Comments on Senate Measure Read More
