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.
The manufactured homes in Marina Park manufactured housing community (MHC) in Newport Beach, California were bought by the city for $35,000 each in 2007 as the result of a settlement agreement after the MHC closed. Set to become a public park, the city had awarded a $405,000 contract to a […]
Repairable Manufactured Homes Saved for the Wrecking Ball Read More
According to dailyfinance.com, CEO of Berkshire Hathaway Warren Buffett is as good a CEO as he is a savvy investor. He bought Clayton Homes, the largest producer of manufactured homes (MH) in North America, in 2003 because Clayton incentivizes its dealers, rewarding them by splitting the profit 50/50 with the
Wise Warren Buffett Bought Motivating Clayton Homes Read More
While New York City and other crowded urban areas attracting young professionals are turning to micro modular apartments of 200 to 400 square feet–as MHProNews posted here May 27, 2013–mental health professional are citing psychological problems that may result from such tight quarters. “Sure, these micro-apartments may be fantastic for
Micro Modular Apartments: Sanity versus Salary? Read More
At 60,000 square feet, Chateau des Fleurs (chateau of the flowers) is one of the largest homes in the tony Bel Air section of Los Angeles. With a ballroom, three elevators, a pool, a paddle tennis court pavilion, a guardhouse, a guesthouse, as well as husband and wife wings, the
Land Lease Community Owner Builds Gargantuan Home Read More
Tamara Holland of Altavista, Virginia spent five years making the interior of her manufactured home into a gingerbread wonderland. Her daughter moved her into her own home and secretly had her mother’s home painted a gingerbread color, and bedecked the outside and the yard with gingerbread decorations. Ms. Holland was
Manufactured Home Decorated with Gingerbread Read More
The second half of a modular home en route to its destination in Fairfield, Connecticut smashed into the North Benson railroad bridge after the driver received incorrect information about the Interstate exit. Escorted by a company car and a state police cruiser, the police tried to alert the driver the
Excel Modular Home Section Rams Bridge Read More
Stocks returned to gains to end the week on a higher note following the government’s announcement that third quarter economic activity was actually higher than previously thought, as the three major indexes posted positive results. CNNMoney reports the Dow Jones Industrial Average gained 42.06 points, +0.26 percent, to close at
Cavco, Skyline Lead the Gains Among Tracked Housing Stocks Read More
According to kdhnews.com, Joseph and Chris Dillow’s Christmas display earned first place and the People’s Choice award in the manufactured home category for the 14th Annual Heights Lights on Parade Outdoor Lighting and Decorating Contest in Harker Heights, Texas. Their decoration has several moving parts choreographed to music, MHProNews has
Couple Wins Top Prize for Christmas Decorated Manufactured Home Read More
The dailytimes.com reports from Franklinton, Louisiana the Parish Council Infrastructure Committee is considering preventing manufactured homes from being moved into the parish if they were constructed over 25 years ago, but existing homes can be moved from site to site within the parish regardless of age. The goal is to
Committee Considers Restrictions on Manufactured Homes in the Parish Read More
A report from CBRE, the world’s largest commercial real estate services firm, states that multifamily rents will increase 2.5 percent a year for the next three years, with the pace of construction leveling off at 216,000 units each year through 2018. It has been 3.9 percent growth a year since
Multifamily Housing will Remain Strong Read More
Following a story MHProNews last published Dec. 16, 2013, concerning the possibility of a tax on owners of manufactured homes imposed by the Australian Taxation Office (ATO), the proposal has been withdrawn by the ATO after an uproar from manufactured homeowners and politicians. The goods and services tax (GST) would
Australia Drops Proposed Tax on Manufactured Homes Read More
Marking the third consecutive month of falling sales, the National Association of Realtors (NAR) reports sales of previously-owned homes edged down 1.2 percent to a seasonally-adjusted annual rate of 4.9 million homes sold. The combination of rising mortgage rates, low inventory of available homes and tight credit have contributed to
Sales of Existing Homes Fall Read More
City officials in Port Lavaca, Texas have imposed a six month ban on the development of new manufactured housing communities (MHCs) to allow the creation of new regulations. In the wake of the oil boom in the area, according to victoriaadvocate.com, two developers had applied for permission to build MHCs,
Moratorium Imposed on Manufactured Homes Read More
Investors stepped back from the market following yesterday’s run-up after the Federal Reserve announced it would begin tapering its stimulus in the coming months. CNNMoney reports the Dow Jones Industrial Average gained a mere +11.11 points, +0.07 percent, to close at 16,179.08. The Nasdaq dropped -0.29 percent, -11.92 points, to
Patrick Industries Gains, Nobility Homes Falls, Dow Nudges Up Read More
Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while
Sun Communities Declares Quarterly Dividend Read More
Announcing financial results for its fiscal year ending Nov. 2, 2013, Nobility Homes, Inc. reports sales increased 17 percent to $18,525,950 as compared to $15,834,971 for the same period last year. Net income after taxes for the year rose to $747,106 from $49,759 FY 2012. Diluted earnings for the year
Nobility Homes’ Revenue and Income Rises in 2013 Versus 2012 Read More
After going through a nasty foreclosure, architect Macy Miller of Boise, Idaho did not want to deal with a mortgage or banks, and built her own 196 square foot modular home on a flatbed truck for $11,400. Doing most of the work herself, the home has a king-size bed, an
Architect Builds Own Modular Home Read More
Architect Stuart Emmons of Portland, Oregon has designed a 265-square-foot, modular, mini-studio for homeless people called I’mHome. After seeing shipping containers converted into living quarters in China, Emmons, realizing a container could not comply with the Americans with Disabilities Act (ADA), took a different approach, designing the modular nine-unit Kah
Portland Architect Designs Modular Studio Unit for the Homeless Read More
Drew Industries, Inc. subsidiary Lippert Components, Inc. has acquired Fortress Technologies LLC of Middlebury, Indiana for $3.3 million. Fortress is a specialized manufacturer of recreational vehicle (RV) chassis with an estimated annual sales revenue of $3 million, according to RVBusiness.com. “The people and assets we’ve added from Fortress Technologies will
Lippert Acquires Chassis Manufacturer Read More
Investors responded positively to the Federal Reserve’s decision to begin tapering its $80 billion monthly stimulus to keep interest rates down, sending the Dow skyward 300 points. CNNMoney reports the Dow Jones Industrial Average spiked 292.31 points, +1.84 percent, to close at 16,167.97. The Nasdaq gained 1.15 percent, +46.38 points,
Most Tracked Housing Stocks, Three Major Indexes All Rise Read More
