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 15 manufactured housing communities (MHC) in Callaway, Florida near Panama City range from modern developments with newer homes and paved streets to older flat-roofed factory-built homes sited on rough roads with no paved parking. A 1998 ordinance regulates new MH developments, but now a city commissioner wants pre-ordinance communities […]
City Hopes to Upgrade Older Manufactured Home Communities Read More
The town of Springerville, Arizona has adopted a new amendment to their factory-built home ordinance. Any manufactured home built after 1976 must comply with the IBC (International Building Code) and the UBC (Universal Building Code) and inspected by the town’s building inspector. In addition, all manufactured homes (MH) being moved
Ordinance Specific to Older Manufactured Homes Read More
HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is
HFF Secures Loan for Kingsley Management Read More
The uncertainty of a possible government shutdown and possible tapering of the Federal Reserve’s Quantitative Easing drew down all three major indexes, especially the Dow, which fell just under 200 points. CNNMoney reports the Dow dropped -185.46 points, -1.19 percent, to close at 15,451.09. Meanwhile, the Nasdaq fell -0.39 percent,
Skyline Rises while Major Indexes Fall Read More
In response to the South Carolina beauty contestant at the Miss America pageant who made fun of her home state’s bounty of manufactured homes, as MHProNews covered Sept. 16, 2013, Brian Hicks with The Post and Courier says the line— “I’m from the state where 20 percent of our homes
Beauty Queen’s Sarcastic Remarks Spark Interest in MH Read More
The Aiken County Planning Commission in west central South Carolina has approved plans for a 33 home site manufactured housing community (MHC) situated on nine acres on Wire Road in Aiken, SC. The aikenstandard.com says five manufactured homes on a lot that is at least five acres or more constitutes
New Manufactured Housing Community Approved Read More
Southfield, Michigan-based Sun Communities, Inc. (SUI) has declared a $0.63 dividend per share of common stock for the third quarter of 2013, payable Oct. 18, 2013 to shareholders of record Sept. 30, 2013. The board of directors of this real estate investment trust (REIT) also declared a dividend per share
Sun Declares Two Stock Dividend Read More
An innovative collaboration between affordable-housing and energy-efficiency advocates has resulted from the destruction wrought by Tropical Storm Irene that destroyed or damaged 560 manufactured homes in Vermont. Many manufactured housing communities (MHCs) are located in low lying areas, making them more susceptible to flood water damage. Since many residents of
Vermont Promotes Energy Efficient Manufactured Homes Read More
Updating a story regarding Garden Homes Management Corp. attempts to develop a manufactured home community in Oxford, Connecticut since 2006, a post MHProNews last covered July 3, 2013, a public hearing on the proposal was held Sept. 9 by the Conservation Commission, Inlands Wetland Agency to determine if the development
Garden Homes Continues to Push for MH Development OK Read More
A USA Today survey of Census Bureau data reveals the Millennial Generation, those between 25 and 34, buoyed the renters’ ranks by some one million from 2006 to 2011, while homeownership dropped nearly 1.4 million. For some of that generation renting is a result of liftstyle and finances—they may take
Millennials not Quick to Buy Home Read More
Investors moved back from the dance floor, absorbing and pondering the recent run-up to new highs for the Dow and the S&P. CNNMoney reports the Dow nudged down 40.39 points, -0.26 percent, to close at 15,636.55. Meanwhile, the Nasdaq nudged up +0.15 percent, +5.74 points to end today’s trading at
Stocks Close Mixed across the Board after Hitting New Highs Read More
Oracle of Ohama Warren Buffett says Obamacare should be eliminated because the average citizen will suffer the most without changes to the plan. He adds health care costs need to be controlled before providing health insurance to everyone, otherwise continuing as we are will lead to less competition. As newsbusters.org
Warren Warns, Obamacare Must Go Read More
The Manufactured Housing Association for Regulatory Reform (MHARR), commenting on the proposed new ground anchor testing criteria and standards, says it has no objections as long as the new rule is consistent with recommendations made by the Manufactured Housing Consensus Committee (MHCC). However, MHARR calls for HUD to allow existing
MHARR Comments on Manufactured Housing Anchor Standards Read More
MHProNews has learned Lippert components, Inc. (LCI) has purchased a 56-acre plot of land outside the Goshen, Indiana city corporate limit, but adjacent to the city corporate lines, for future company use. LCI is a component supplier to the the manufactured housing and RV industries, according to rvbusiness.com, as well
Lippert Acquires 56 Acres for Future Expansion Read More
Equity LifeStyle Properties, Inc. (NYSE:ELS) has acquired Fiesta Key RV Resort, a 324-site resort and marina in the Florida Keys. Located in the Florida Keys on the Gulf of Mexico, ELS paid $24.6 million, according to 4-traders.com, funded with cash. As MHProNews knows, ELS is the largest owner of manufactured
RV Community and Marina purchased by Equity LifeStyle Properties Read More
The Front Royal, Virginia Board of Supervisors approved a conditional-use permit by Front Royal Christian School for modular classrooms to be sited on the south side of the existing building. As nvdaily.com tells MHProNews, the buildings must have an earth tone color and appearance to blend with existing buildings. (Photo
School has Permission to Site Modular Classrooms Read More
A “future-of-housing” forum sponsored by the National Association of Home Builders (NAHB) in Washington, D. C., with housing industry experts and Senators Bob Corker (R-TN), Jon Tester (D-MT) and Johnny Isakson (R-GA) indicated most participants agree the private sector should play a greater role in mortgage financing, but with some
Support for Governmental Backstop for Mortgage Financing Remains Read More
Stocks surged in today’s trading after the two-day Federal Reserve meeting revealed tapering of Quantitative Easing program will not begin yet, just the tune investors wanted to hear. CNNMoney reports the Dow shot up 147.21 points, +0.95 percent, to close at 15,676.94. Meanwhile, the Nasdaq gained +1.01 percent, +37.94 points
Tracked Housing Stocks all Gain as Dow, S&P hit New Highs Read More
An affordable housing complex in Regina, Saskatchewan, Canada is set to include modular homes as part of a project to finance 1,000 new entry-level homes over five years. Builders are eligible for loans of 90 percent of construction costs of the homes, including the land, at four percent interest. With
Affordable Modular Homes part of Canadian Plan Read More
Manufactured home owners in Australia will have the opportunity to share their views regarding legislation that covers their residences on the Queensland Government’s ‘Get Involved’ website. Public Works Minister Tim Mander says the survey is part of a review of the Manufactured Homes Act 2003 to ensure it maintains a
Australia Conducts Survey of Manufactured Home Owners Read More
