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.
Insurance policy administrator Insurity, Inc. has been selected by American Modern Insurance Group to administer physical damage coverage for manufactured home (MH) dealers. According to Bill Gottsacker, American Modern’s VP, says, “Insurity has a strong reputation in the insurance industry, especially when it comes to the complexity of specialty lines […]
Insurity Chosen to Insure Manufactured Homes Read More
The original geodesic Dome Home of architect Buckminster Fuller in Carbondale, Illinois, listed in 2006 on the National Register of Historic Places, will be restored and preserved beginning with a ground-breaking ceremony April 19 to initiate the project. Made of 60 wood triangle panels by the Pease Manufacturing Company of
Buckminster Fuller’s Original Modular Home being Restored Read More
Stocks took a tumble following Janet Yellen’s first meeting of the Federal Reserve after she said the Fed’s stimulus program would likely end by the fall, and a hike in interest rates may arrive next year. The Dow Jones Industrial Average slumped, falling -114.02 points, -0.70 percent, to end the
Deer Valley Spikes, Equity LifeStyle Slips, Dow Drops Read More
Santa Ana, California’s Hart King law firm will present their annual briefing on operating manufactured housing communities (MHCs) Thurs., March 27, 2014 at the DoubleTree Club by Hilton in Santa Ana beginning at 9 AM. The panel of attorneys versed in MHC affairs will discuss the American Disabilities Act (ADA)
Manufactured Home Community Legalities on Tap at Briefing Read More
Following a story MHProNews.com first posted March 3, 2014 regarding the condemning and shuttering of Life O’Riley Mobile Home Park in Lansing, Michigan by the Ingham County Health Department, State Rep. Andy Schor (D-Lansing) plans to introduce legislation to give local authorities more control over manufactured home communities (MHCs). Currently,
Legislation will Give Cities more Control to Manufactured Home Communities Read More
A request for special permission to site a recreational vehicle (RV) on private property in San Angelo, Texas for one year was approved by the town’s city council. Jesus Tellez says he wants to live in the RV while he builds a house on the same property, according to sanangelolive.com.
RV must meet same Standards as Manufactured Home Read More
The Reseda Mobile Estates in California has been acquired by Anaheim, CA-based Reseda mhp Associates LP for $13.1 million. According to Briana Barbier of Marcus & Millichap, who represented the seller, the 108-site manufactured home community “is a stable, well-maintained community that provides affordable housing in the expensive, high-demand San
Land Lease Community Changes Hands Read More
The Calaveras County Community Corrections Partnership (CCP) in California is a collaboration of the county sheriff’s office, the district attorney and the probation department in an attempt to ease overcrowding in the state prison system and send qualified offenders back to their home counties for supervision. Many who return become
Modular Transitional Housing for Offenders Suggested Read More
U. S. stocks were significantly higher for the second straight day as tensions in the Ukraine faded slightly from the concern of investors, sending the Dow Jones Industrial Average up 88.97 points, +0.55 percent, to end the day at 16,336.19, according to CNNMoney. The Nasdaq moved up +53.36 points, +1.25
Drew Industries Leads Tracked Stocks Edging Up Read More
The National Association of Home Builders (NAHB)/Wells Fargo index of builder confidence rose to 47 in March from a reading of 46 in February. The gauge measures builders estimates of how the housing market is performing as it reflects the rising demand for new homes. Even as the traditional spring
New Home Builder Confidence Struggles Read More
Referring back to a story MHProNews.com published March 17, 2014 regarding the new housing reform finance bill being discussed in the Senate Banking Committee, Credit Suisse AG says it will only cover losses after private capital bears the first ten percent, which will lead to more expensive mortgages. The proposal
Housing Finance Reform Addendum; Lender Adds Manufactured Housing as Eligible Read More
On Sunday, March 16 at 4:47 PM ET, a news release was received from the Manufactured Housing Institute (MHI) on the topic of the highly-charged issue of a Government Sponsored Enterprise (GSE, “Fannie and Freddie”) reform plan. Some 3 Hours and 43 minutes later, at 8:30 PM on the same
MHProNews.com has learned that Canada’s Killam Properties, Inc. has chosen Ms. Karine MacIndoe to serve as a director of the corporation. Chosen for her experience in finance, capital markets and real estate, she is currently an independent consultant but previously worked for BMO Capital Markets, NM Rothschild & Son and
Killam Announces a Board Appointment Read More
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition is now complete. Acquired through its wholly-owned subsidiary, Lippert Components, Inc., the $12.3 million purchase was made from the company’s $75 million
Drew Completes Acquisition of Star Design Read More
Investors were unfazed by the mounting tension between the U. S. and Russia over Ukraine, as the Dow Jones Industrial Average jumped 180.65 points, +1.12 percent to end the day at 16,247.22, according to CNNMoney. The Nasdaq moved up +34.55 points, +0.81 percent, to finish at 4,279.95, while the S&P
Nobility Gains, as does Dow, Nasdaq and S&P Read More
For the first quarter ending Feb. 1, 2014, Nobility Homes, Inc. (NOBH) reports sales increased 23 percent to $4,191,429 over the $3,401,667 for the comparable period in 2013. Net income based on those sales after taxes increased to $103,402, well above the $4,845 for the same period of 2013. Working
Nobility Homes Improves in 2014 Q1 Read More
A distributor of over 10,000 products to a customer base of 11,500, including components for the manufactured housing industry, BlueLinx Holdings, Inc. (BXC) has entered into an amendment for its U. S. revolving credit agreement for an additional $20 million line of credit, according to marketwatch.com. Led by Wells Fargo
Manufactured Home Component Supplier Expands Credit Read More
Fort Collins, Colorado has seen five manufactured home communities (MHCs) close in the last 20 years, displacing 461 families, and of the 14 remaining communities that represent 1,336 homesites, eight are set for redevelopment. MHProNews.com has learned 73 percent are owner-occupied. A study from 2012 to determine the place in
Colorado City: Net Loss of Manufactured Housing Homesites Read More
MHProNews.com has learned residents at Hickory Hill manufactured housing community (MHC) in Klecknersville, Pennsylvania, just north of Allentown, are forming a homeowners association and considering taking the owner to court for allegedly overcharging them on their utilities. They also claim the owner, Albert Jinks, requires them to buy upgrades—decks, garages
Manufactured Home Residents Forming Association Read More
Crestview Estates, a manufactured housing community in Norton Shores, Michigan has a new owner after the community’s water bills and other utilities went unpaid for several consecutive months by owner Adam Schwerin. While a group of Catholic churches paid the water bill previously, the new owners, ALT Property Management and
Manufactured Housing Community has New Owner Read More
