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.

Beech St. Capital Refinances Manufactured Home Communities

By / December 6, 2013 / Business, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from cpexecutive.com Bethesda, Maryland-based Beech Street Capital has refinanced eight manufactured housing communities for $158 million through Fannie Mae. Chad Thomas Hagwood of Beech St. says, “The refinance has enabled Beech Street to provide affordable housing in relatively high-cost markets.” The seven-year, fixed-rate loans have a 10-year …

Beech St. Capital Refinances Manufactured Home Communities Read More

Aussie Proposal would Hit Manufactured Home Communities Hard

By / December 6, 2013 / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

A proposal by the Austalian Tax Service to apply the ten percent Goods and Services Tax (GST) to manufactured home communities (MHCs) has residents of the communities up in arms, MHProNews has been informed. A ten percent increase at Sunstrip MHC in Blacksmiths would result in a $1000 a year …

Aussie Proposal would Hit Manufactured Home Communities Hard Read More

Modular Home Shipments up a Fraction

By / December 6, 2013 / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

The National Modular Housing Council (NMHC) reports 3,840 new modular homes were shipped in the third quarter of 2013, an increase of 0.8 percent from the same quarter in 2012. Compared to Q3 2012, 16 states showed increases in shipments for Q3 2013, 17 experienced decreases and one state had …

Modular Home Shipments up a Fraction Read More

Award-winning ENERGY STAR Program Includes Clayton Homes

By / December 5, 2013 / Awards, Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

Clayton Homes participated in the Tennessee Valley Authority’s (TVA’s) ENERGY STAR Manufactured Homes pilot program, conceived to encourage more production of energy efficient homes by the manufactured housing industry and to motivate consumers to upgrade to ENERGY STAR qualification. The pilot program was awarded honorable mention by the American Council …

Award-winning ENERGY STAR Program Includes Clayton Homes Read More

Housing Markets Slowly Improving

By / December 5, 2013 / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), which recently replace NAHB’s improving market index (IMI), indicates markets in 54 of the 350 major metro markets returned to or exceeded their last normal levels of economic activity. Based on current permits, prices and employment data, LMI …

Housing Markets Slowly Improving Read More

Job Growth Spurs Mortgage Rates

By / December 5, 2013 / Business, Economy, home buyers, Manufactured and Modular Housing News

On the heels of ADP’s report that private companies added 215,000 jobs in November, the 30-year, fixed-rate loan, the most popular product for homebuyers, rose to 4.46% from 4.29% last week, according to CNNMoney. The average for a 15-year fixed-rate mortgage (FRM), often used for refinancing higher interest mortgages, rose …

Job Growth Spurs Mortgage Rates Read More

Tracked Housing Stocks Close Mixed; Three Major Indexes Slide

By / December 5, 2013 / Business, Manufactured and Modular Housing News, Stocks

The stock market fell for the fifth consecutive day as investors express concerns about the Federal Reserve paring down its bond-buying program despite good economic news. CNNMoney reports the Dow Jones Industrial Average lost 68.26 points, -0.43 percent, to close at 15,821.51. The Nasdaq fell -0.12 percent, -4.83 points, to …

Tracked Housing Stocks Close Mixed; Three Major Indexes Slide Read More

New Final Rule Exempts Manufactured Homes

By / December 5, 2013 / Advocacy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

The Consumer Financial Protection Bureau’s (CFPB) new consumer disclosure forms, called “Know Before You Owe,” that will take effect Aug. 1, 2015, is designed to give the borrower more control over the mortgage loan process as well as add transparency to the transaction. Paul Trepeta of the National Association of …

New Final Rule Exempts Manufactured Homes Read More

Quick Assembly Modular from Australia

By / December 5, 2013 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

The SMART2 (Superfast Modular Affordable Robust Transportable) buildings by JAYZ Building Solutions of Melbourne, Australia were created to support affordable housing development, either as a permanent home, an addition to an existing structure or for workforce development sites requiring temporary housing. The Butterfly model can be folded out and installed …

Quick Assembly Modular from Australia Read More

Rent Control Initiative on Calif. Ballot

By / December 5, 2013 / Advocacy, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

A manufactured housing community (MHC) senior rent control initiative may become law when it goes on the ballot for voters to decide in Lakeport, California on the June 2014 referendum. The Board of Supervisors voted unanimously to put the measure to the people after the group, “Save our Seniors,” collected …

Rent Control Initiative on Calif. Ballot Read More

55+ Modular Complex Rising in New York

By / December 4, 2013 / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

A modular senor-living community is being built in western New York state overlooking Keuka Lake, according to chronicle-expess.com. The 15 single-family, single level residences, comprised of three quadplexes and one triplex, will each include two bedrooms, two baths, a fireplace, kitchen and laundry appliances, front porch, single attached garage and …

55+ Modular Complex Rising in New York Read More

Community Owners must Correct Violations

By / December 4, 2013 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Zoning

Two manufactured housing communities (MHCs) in Pleasant Prairie, Wisconsin in the southeast corner of the state may lose their licenses to operate Dec. 31, 2013 unless they correct zoning and building violations. Westwood Estates Manufactured Housing Community must remove a pile of dirt and repair a stockade fence as conditions …

Community Owners must Correct Violations Read More

Housing Stocks we Track Moved Under One Percent Up and Down

By / December 4, 2013 / Business, Manufactured and Modular Housing News, Stocks

Stocks were up and down during the trading day as investors tried to sort through positive economic reports and determine the direction the Federal Reserve will take, leaving the three major indexes mixed. CNNMoney reports the Dow Jones Industrial Average lost 24.85 points, -0.16 percent, to close at 15,889.77. The …

Housing Stocks we Track Moved Under One Percent Up and Down Read More

New Single-family Homes Spike in October

By / December 4, 2013 / Business, Economy, home buyers, Manufactured and Modular Housing News

The National Association of Home Builders (NAHB) reports data from the the Department of Housing and Urban Development and the Census Bureau indicate sales of newly-built single-family homes rose 25.4 percent in October, following a drop in sales in Sept. of 6.6 percent. Both government reports were delayed by the …

New Single-family Homes Spike in October Read More

Algeco, Modular Workforce Provider, Acquires Chard

By / December 4, 2013 / Business, Canada, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Algeco Scotsman announces the acquisition of Chard Camp Catering Service Ltd., a provider of remote modular workforce housing and catering services, by its subsidiary, Target Logistics. With significant space for future expansion to accommodate steam-assisted gravity drainage operations, Chard owns and operates a 278-bed workforce camp just south of Fort …

Algeco, Modular Workforce Provider, Acquires Chard Read More

Manufactured Housing Community becomes Resident-Owned

By / December 4, 2013 / Advocacy, Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

The Northwest Cooperative Development Center (NWCDC) assisted the residents at the 59-homesite manufactured home community Thunderbird in buying their community for $1.57 million, now named Whispering Pines Homeowners Co-op in Oak Harbor, Washington. Households each buy one low-cost share to become members of the co-op which gives them one vote …

Manufactured Housing Community becomes Resident-Owned Read More

Manufactured Home Serves as Medical Unit

By / December 4, 2013 / Legal, Manufactured and Modular Housing News, Manufactured Homes

The muscatinejournal.com reports Louisa County officials in Muscatine, Iowa will review regulations governing the siting of manufactured homes (MH) on rural property for people, often relatives, requiring advanced medical monitoring. The current ordinance states the MH needs to be moved after it is no longer needed. One property owner built …

Manufactured Home Serves as Medical Unit Read More

Home Prices will Moderate in Nov. and Dec.

By / December 3, 2013 / Business, Economy, home buyers, Manufactured and Modular Housing News, People

Marking the 20th consecutive month of yearly increases, home prices in the U. S. increased 12.5 percent in October, compared to last year, according to CoreLogic. The worldpropertychannel reports CoreLogic’s Home Price Index, when including distressed sales, rose just 0.2 percent in October, 2013. Anand Nallathambi, president and CEO of …

Home Prices will Moderate in Nov. and Dec. Read More

Modular Housing Producer Sued for Lost Block Grant Funds

By / December 3, 2013 / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular, People

When John Samples received $750,000 funneled through the Osage City City Council and the Kansas Department of Commerce in 2006 for his Kan Build modular housing business via a Community Development Block Grant (CDBG), it was considered a safe gamble. Samples was a successful businessman who had received accolades including …

Modular Housing Producer Sued for Lost Block Grant Funds Read More

Tracked Housing Stocks Close Mixed; Three Major Indexes Nudge Down

By / December 3, 2013 / Business, Manufactured and Modular Housing News, Stocks

Although the S&P index has gained 24 out of the last 30 Decembers, CNNMoney suggests investors may want to take a break since the index is up 26 percent this year. All three major indexes slipped in today’s trading as the Dow Jones Industrial Average lost 94.15 points, -0.59 percent, …

Tracked Housing Stocks Close Mixed; Three Major Indexes Nudge Down Read More

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