Manufactured and Modular Housing News

Prestigious Architect has Modular Container Housing in Portfolio Read More

Prestigious Architect has Modular Container Housing in Portfolio

By Matthew Silver / March 26, 2014 / Awards, Communities, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Often considered the Nobel Prize of architecture, this year’s Pritzger Architecture Prize has been awarded to Japanese architect Shigeru Ban, known as well for designing dwellings for survivors of disasters as he is for the headquarters of Swatch and Omega in Switzerland. He made a cathedral in Christchurch, New Zealand

Flood Survivors Still Live in Manufactured Homes Read More

Flood Survivors Still Live in Manufactured Homes

By Matthew Silver / March 26, 2014 / Manufactured and Modular Housing News, Manufactured Homes

Updating a story MHProNews.com last posted Feb. 12, 2014 regarding recovery and rebuilding efforts from the disastrous flooding in Colorado in September, 2013, the Federal Emergency Management Agency (FEMA) tab has risen from $267 million to $304 million, according to kwgn2.com. These funds have included FEMA disaster grants, flood insurance

Patrick Industries Gains while UFPI Drops Read More

Patrick Industries Gains while UFPI Drops

By Matthew Silver / March 26, 2014 / Business, Manufactured and Modular Housing News, Stocks

Social media and technology stocks drew a bad hand in today’s trading as all three major indexes fell, with the Nasdaq losing almost 1.5 percent . The Dow Jones Industrial Average dropped -98.89 points, -0.60 percent, to close at 16,268.99, while the Nasdaq fell -60.69 points, -1.43 percent, to close

Nominations open for 2015 RV/MH Hall of Fame Read More

Nominations open for 2015 RV/MH Hall of Fame

By Matthew Silver / March 26, 2014 / Awards, Manufactured and Modular Housing News, Manufactured Homes, People, RV

The RV/MH Hall of Fame Selection Committee has announced nominations for the class of 2015 are now open. Nominees must have a minimum of 25 years active experience in the manufactured housing, recreational vehicle or campground industries, as the elkharttruth.com tells MHProNews.com. Nominations must be submitted by Oct. 31, 2014

Manufactured Home Community Owners Leave Trail of Neglect Read More

Manufactured Home Community Owners Leave Trail of Neglect

By Matthew Silver / March 26, 2014 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home

About six weeks ago, residents of the 20 households of the Seaview Trailer Court (STC) on the Washington coast learned why garbage sometimes piles up uncollected in their community: STC is being foreclosed on and will be auctioned off Friday, March 28 at the courthouse in South Bend, Washington. If

FHFA: Home Prices Edge Up Read More

FHFA: Home Prices Edge Up

By Matthew Silver / March 26, 2014 / Economy, home buyers, Manufactured and Modular Housing News

Looking only at sales of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency’s house price index (HPI) reports home prices rose slightly in January over December, and increased 0.05 percent last month over January. Since February 2012, this marks the 23rd rise in in the past 24 months.

MHI Applauds Senate Banking Committee for Housing Finance Legislation Read More

MHI Applauds Senate Banking Committee for Housing Finance Legislation

By Matthew Silver / March 26, 2014 / Advocacy, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

Noting the proposed bipartisan legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) that recognizes the importance of manufactured housing, Nathan Smith, Manufactured Housing Institute (MHI) chairman and partner at SSK Communities, says, “Gaining access to the secondary market for our home loans has long been a top

New Home Sales fall in February Read More

New Home Sales fall in February

By Matthew Silver / March 25, 2014 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Home Builders (NAHB) reports sales of newly-built, single-family homes fell 3.3 percent to a seasonally annual adjusted rate (SAAR) of 440,000 units in February, 2014, based on data from the Census Bureau and the Department of Housing and Urban Development (HUD). “We still expect 2014 will

Patrick Advances, Skyline Slips, Dow Gains nearly 100 Points Read More

Patrick Advances, Skyline Slips, Dow Gains nearly 100 Points

By Matthew Silver / March 25, 2014 / Business, Manufactured and Modular Housing News, Stocks

Despite the 3.3 percent drop in new home sales in February, consumer confidence rose to its highest level in six years, and took the three major indexes with it. The Dow Jones Industrial Average rose 91.19 points, +0.56 percent, to close at 16,367.88, while the Nasdaq advanced +7.88 points, +0.19

Consumer Confidence up for March Read More

Consumer Confidence up for March

By Matthew Silver / March 25, 2014 / Business, Economy, Manufactured and Modular Housing News, Trends

According to The Wall Street Journal, private research group Conference Board reported its index of consumer confidence, which measures how consumers feel abut the future of the economy, rose to 82.3 percent in March from 78.3 percent in February, bettering the 78.6 percent economists expected for this month. Although the

Writer Content with Manufactured Home in Rural Colorado Read More

Writer Content with Manufactured Home in Rural Colorado

By Matthew Silver / March 25, 2014 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

Writing in gazette.com, Bill Radford traces the recent history of manufactured housing as a run up to buying a manufactured home (MH) in a rural area east of Colorado Springs for him and his wife. Noting the industry has come a long way since the Department of Housing and Urban

Canadian Firm Seeking Manufactured Home Communities Read More

Canadian Firm Seeking Manufactured Home Communities

By Matthew Silver / March 25, 2014 / Business, Canada, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Toronto-based Tricon Capital Group, Inc. (TCN), which bought 3,500 rental units in the U. S. following the housing meltdown, is now seeking to invest up to $670 million (US) in manufactured home communities (MHCs) in Florida, California and Arizona, reports businessweek.com. Chief Operating Officer (COO) Gary Berman says, “If you

Manufactured Home Buyers could Receive Assistance Read More

Manufactured Home Buyers could Receive Assistance

By Matthew Silver / March 25, 2014 / home buyers, Manufactured and Modular Housing News, Manufactured Homes

Capitola, California city officials propose to apply for $500,000 in community block grant funds from the state for first-time homebuyer assistance and housing rehabilitation, enough for three years of loans, staff time and the cost of administering the program by the Housing Authority of Santa Cruz County. As santacruzsentinel.com reports,

More Oversight Sought for Manufactured Home Communities Read More

More Oversight Sought for Manufactured Home Communities

By Matthew Silver / March 25, 2014 / Advocacy, Communities, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

Updating a story MHProNews.com last published March 19, 2014, regarding a Michigan state legislator’s bill that would give cities more oversight of manufactured housing communities (MHCs), Rep. Andy Schor has been communicating with community owners, residents and local officials, and intends to introduce the legislation in mid-April. Referencing the Life

Reform Legislation may Limit Access to Mortgage Market Read More

Reform Legislation may Limit Access to Mortgage Market

By Matthew Silver / March 24, 2014 / Advocacy, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News

A bill by Senate Banking Committee leaders to overhaul the housing finance system may reduce access to the mortgage market for minorities and those with lesser means, according to a handful of housing advocacy groups. In a joint press release, the organizations allege the new legislation would make mortgages more

Third Avenue Value Fund only Tracked Stock to Gain Read More

Third Avenue Value Fund only Tracked Stock to Gain

By Matthew Silver / March 24, 2014 / Business, Manufactured and Modular Housing News, Stocks

Internet stocks weighed down the market today, as the Nasdaq fell over two percent but managed to recover some of the lost ground to finally close at -1.18 percent, -50.40 points, ending at 4,226.39. The Dow Jones Industrial Average ended the day down -26.08 points, -0.16 percent, to close at

Shipping Containers Converted to Modular Motel Read More

Shipping Containers Converted to Modular Motel

By Matthew Silver / March 24, 2014 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Updating a story from March 20, 2014 regarding the shortage of housing in Estevan, Saskatchewan, Canada due to the Bakken oil field drilling just south of the border in North Dakota, the 15-unit CanStay Motel complex is made of 40′ shipping containers converted into modular bachelor units. According to cbc.ca/news,