Manufactured and Modular Housing News

Manufactured Housing Titling Legislation Signed by Governor McAuliffe Read More

Manufactured Housing Titling Legislation Signed by Governor McAuliffe

By Matthew Silver / April 10, 2014 / Advocacy, Factory-Built Homes, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation

Following a story MHProNews.com last posted Feb. 18, 2014 regarding legislation to streamline the titling of manufactured homes, the Virginia Manufactured and Modular Housing Association (VAMMHA) reports Gov. Terry McAuliffe has signed Senate Bill 356, which will also allow for the titling of homes severed from real property. The measure

Modular Homes at Aussie Home Show Read More

Modular Homes at Aussie Home Show

By Matthew Silver / April 10, 2014 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, Trade Shows

The Esperance Chamber of Commerce and Industry in Australia is sponsoring its inaugural home and lifestyle expo in hopes of keeping local shoppers shopping locally, according to abc.net.au. The show is replete with vendors offering building and renovation supplies, as well as modular homes. The show is on Friday and

Deer Valley Plummets 35 Percent; Dow, Nasdaq, S&P all Fall Sharply Read More

Deer Valley Plummets 35 Percent; Dow, Nasdaq, S&P all Fall Sharply

By Matthew Silver / April 10, 2014 / Business, Manufactured and Modular Housing News, Stocks

A huge sell-off by investors sent the Big Board spiraling downward, as the Nasdaq fell -3.10 percent, -129.79 points, to drop to 4,054.11, and the Dow Jones Industrial Average lost -1.62 percent, -266.96 points, to end the day at 16,170.22. The S&P fell -2.09 percent, -39.1 points, to end its

LendSmart Open to Manufactured Home Loans in Southwest Read More

LendSmart Open to Manufactured Home Loans in Southwest

By Matthew Silver / April 10, 2014 / Business, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Expanding into the Southwest, LendSmart Mortgage has opened a branch in Scottsdale, Arizona to service the Colorado, California and Texas markets, as nationalmortgageprofessional.com informs MHProNews.com. The new lending center will offer conventional and specialty mortgages, including manufactured housing, and expects to write $25 million in loans by the end of

Rumors Quelled about Manufactured Housing Community Read More

Rumors Quelled about Manufactured Housing Community

By Matthew Silver / April 10, 2014 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

The Anderson, Indiana City Council will consider a voluntary request for annexation from PAC Development LLC, which has agreed to extend water and sewer lines to the 66-acre parcel at its own expense. According to heraldbulletin.com, five acres of the land have been sold with an option to buy additional

Rural Housing Service Automating Loans Read More

Rural Housing Service Automating Loans

By Matthew Silver / April 9, 2014 / Business, Finance, home buyers, Legal, Manufactured and Modular Housing News

In an attempt to streamline services of the U. S. Rural Housing Service (RHS), administrator Tony Hernandez says the agency is automating the loan approval process and lenders are willing to pay $50 for each loan to cover the cost, reducing the RHS need to seek financial support from Congress.

Killam to Release Q1 Financials Read More

Killam to Release Q1 Financials

By Matthew Silver / April 9, 2014 / Business, Canada, Company News, Manufactured and Modular Housing News, Manufactured Homes

Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financials for the first quarter ending March 31, 2014 on Tuesday, May 6, 2014 after the market closes. A conference call to discuss the results will be held on Wednesday, May 7, at 9 AM EST. A live

Deer Valley Spikes, Patrick Jumps Up, Major Indexes Rise Solidly Read More

Deer Valley Spikes, Patrick Jumps Up, Major Indexes Rise Solidly

By Matthew Silver / April 9, 2014 / Business, Manufactured and Modular Housing News

The release of minutes from March’s Federal Reserve meeting revealed most all of the members agreed getting rid of the 6.5 percent benchmark as an indicator for timing interest rate increases was a wise move. Investors interpreted that to mean interest rates will continue to remain low, which boosted all

New England Modular Builder Takes Five Firsts Read More

New England Modular Builder Takes Five Firsts

By Matthew Silver / April 9, 2014 / Awards, Business, Company News, Factory-Built Homes, Green, Manufactured and Modular Housing News, Modular

Triumph Modular of Littleton, Massachusetts received five Awards of Distinction from the Modular Building Institute at the World of Modular in San Antonio, Texas. Offering competition in over 30 categories for MBI members, the contest is the industry’s premier awards program. Triumph’s winners in the Permanent Modular Education category are

Manufactured Housing an Option to Increase Affordable Housing Read More

Manufactured Housing an Option to Increase Affordable Housing

By Matthew Silver / April 9, 2014 / home buyers, Manufactured and Modular Housing News, Manufactured Homes

With the goal of 15 percent of the housing in Carrboro, North Carolina to be in the affordable range by 2020, the Board of Aldermen held a roundtable discussion about a variety of possibilities. According to chapelboro.com, Alderperson Jacquelyn Gist, noting affordable doesn’t just mean just low mortgage rates, adds,

Cavco Homes to have Modular Home on TV Design Competition Read More

Cavco Homes to have Modular Home on TV Design Competition

By Matthew Silver / April 9, 2014 / Awards, Business, Company News, Factory-Built Homes, Green, Manufactured and Modular Housing News, Manufactured Homes, Modular

The one-hour reality competition series “American Dream Builders” will include Cavco Homes, Inc., (NASDAQ:CVCO) and Palm Harbor Homes in an upcoming episode to air on Sunday, April 13, on NBC. Hosted by renowned designer Nate Berkus, Cavco built modular homes they call Eco Cottages for one competition episode of the

Website Dedicated to Manufactured Home Consumers Read More

Website Dedicated to Manufactured Home Consumers

By Matthew Silver / April 9, 2014 / Advocacy, Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes

A new website dedicated to inform consumers about manufactured homes has been launched by the Manufactured Housing Association of Atlantic Canada (mhaac.ca), according to thechronicleherald.ca. The non-profit member-driven organization features answers to consumers’ questions, provides a code of conduct that members agree to abide by, and offers a directory of

City Council Approves Siting of Manufactured Home Read More

City Council Approves Siting of Manufactured Home

By Matthew Silver / April 8, 2014 / Business, Legal, Manufactured and Modular Housing News, Manufactured Homes

The McCook (Nebraska) City Council approved a request for Robert and Sharon Harvey to purchase two city-owned lots for $5,000 in order to site their manufactured home near the Red Willow County Fairgrounds, according to mccookgazette.com. McCook is in south central Nebraska very near the Kansas border, MHProNews.com has learned.

Cavco Nudges Up; Investors Slowly Return to Trading Read More

Cavco Nudges Up; Investors Slowly Return to Trading

By Matthew Silver / April 8, 2014 / Business, Manufactured and Modular Housing News, Stocks

Stocks bounced back modestly as investors moved cautiously back into the market in today’s trading. The Dow Jones Industrial Average advanced +0.06 percent, +10.27 points, to end at 16,256.14. The Nasdaq moved up +0.81 percent, 33.24 points, to close at 4,112.99, while the S&P gained +0.38 percent, +6.92 points, to

Senate Set to Mark Up Housing Finance Reform Measure Read More

Senate Set to Mark Up Housing Finance Reform Measure

By Matthew Silver / April 8, 2014 / Advocacy, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

Referring back to a post MHProNews.com published March 26, 2014, regarding the introduction by the Senate Banking Committee of the housing finance reform bill, the Manufactured Housing Institute (MHI) reports the committee will mark up its bipartisan bill April 29. As proposed, the new measure would replace Fannie Mae and

Dispute over Sale of Manufactured Home now in Court Read More

Dispute over Sale of Manufactured Home now in Court

By Matthew Silver / April 8, 2014 / Business, Communities, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

When a resident of a manufactured home community in Muskegon, Michigan (MHC) injured herself and had to be moved to a nursing home, her niece sold the home to Timberline Mobile Home Sales for $9,000, which prompted a lawsuit by Nomad Mobile Home Park management for violating the “first right

Modular Housing Development Denied Read More

Modular Housing Development Denied

By Matthew Silver / April 8, 2014 / Business, Canada, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Following a story MHProNews last posted April 4, 2014, regarding a modular housing development proposal in Medicine Hat, Alberta, Canada, the city council declined the housing recommendation from the Municipal Planning Commission for 85 modular homes. Voting 7-1 against, the council said the area is too close to an industrial

NAHB: Housing Numbers Showing Modest Rise Read More

NAHB: Housing Numbers Showing Modest Rise

By Matthew Silver / April 8, 2014 / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Statistics from the National Association of Home Builders (NAHB) indicate modest improvement this month over March, and anticipates a traditional, solid, spring home-buying season. Based on employment, permits and price data, the NAHB/First American Leading Markets Index (LMI) reports 28 percent of metro areas experienced a rise in their score