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.
Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site …
Two California Land Lease Communities Obtain Financing Read More
The Magnolia, Ark. Planning and Zoning Commission has proposed restricting manufactured homes (MH) to R-3 zoning, thereby keeping it out of R-2 and R-1 zoning. The new measure would require amending zoning laws for most of this whole city, located in southwestern Arkansas, as MHProNews has learned, affecting hundreds of …
City Planners Restricting Manufactured Housing Sites Read More
A new development that will feature affordable, manufactured housing is set to rise on Horseshoe Bay South near Spiceland, Texas, just west of Austin. Owner of Austin Star Roofing Taurino Diego bought 163 undeveloped lots that he will build out for manufactured homes, along with realtor partner Dana Martin of …
Affordable Manufactured Housing Community for Texas Read More
Updating a story MHProNews last published May 27, 2013 regarding the plagued Sunset Village manufactured housing community in Glenview, Ill., new owners have purchased the property out of a three-year foreclosure. Former owner Richard Klarchek was sued by Cook County and the state for failing to adequately address water quality …
Real estate bargain-hunter mogul John Bushman of Odessa, Tex. started a used car business in Midland, in 1968 with $1,500. A year later opened he A-1 Homes, selling factory-built homes that grew to 23 locations and later included a factory making manufactured homes. The automobile business also did well, and …
Texas Investor Continues his Manufactured Housing Roots Read More
Following the recommendation made by the Sapulpa Metro Area Planning Commission, the Creek County Commissioners in Sapulpa, Okla. granted a zoning request for manufactured homes to be sited in an area once zoned A-1 agriculture. According to what sapulpaheraldonline tells MHProNews, the change to the RMH-1 status is the most …
U. S. stocks managed tepid gains in today’s trading, as weak retail sales held down investors recent zeal. CNNMoney reports the Dow Jones Industrial Average gained 19.96 points, +0.13 percent, to close at 15,484.26. The Nasdaq rose +0.21 percent, +7.41 points, to end the day at 3,607.49, while the S&P …
Three Major Indexes, Most Tracked Housing Stocks make Modest Gains Read More
A Marine who lost both his legs and his right arm when an improvised explosive device exploded during his tour of duty in Afghanistan will likely be receiving a modular smart home that allows severely wounded veterans to live independently. John Hodge, director of operations with the Stephen Siller Tunnel …
Killam Properties Inc. (TSX: KMP) will release its financial results for the second quarter ending June 30, 2013 on Wednesday, August 7, 2013, after the close of the market. A conference call to discuss the financials will be held on Thursday, August 8, 2013, at 12:00 PM EST. In Toronto …
Lippert Components, Inc., (LCI), a subsidiary of Drew Industries, Inc., has acquired certain assets and the engineering team of Midstates Tool and Die and Engineering, Inc. in Elkhart, Ind. Now renamed Lippert Automation, Tool and Die, the company builds automated equipment, production tooling, and progressive and one-hit stamping dies, and …
Updating a story we last posted Jan 29, 2013 regarding Forest City Ratner’s 32-story modular housing project in Brooklyn’s Atlantic Yards, two trade unions have sued to block the project. The Mechanical Contractors Association and the Plumbing Foundation allege Buildings Department Commissioner Robert LiMandri sidestepped a promise to use only …
In a 2011 survey conducted by the U. S. Census Bureau and the Dept. of Housing and Urban Development (HUD), covering approximately 132.4 million housing units, 90 million are single-family homes, 9.07 million are manufactured homes, and 10.7 million are sited in two to four family buildings. 10.3 million of …
The Dow and the Nasdaq climbed to new record highs to end the week, and the S&P finished higher than it has in over ten years. All three indexes finished up for the week, marking one of the best weekly performances of the year. CNNMoney reports the Dow Jones Industrial …
Dow, Nasdaq Set New Highs, Tracked Housing Stocks Close Mixed Read More
Norwich University in Northfield, Ver. is one of 20 collegiate teams chosen by the U. S. Dept. of Energy to build a cost effective, energy efficient, attractive modular home for entry in the 2013 Solar Decathlon and Expo competition that will take place in Irvine, Calif. Oct. 3-13. Designed as …
Solar-Powered Modular Home on Display at Norwich University Read More
Near the tip of Manhattan Island in New York City is rising the Big Apple’s first modular residential structure, a seven-story apartment building of concrete and steel. The Stack, as builder Gluck+ Architects calls it, is being assembled at the rate of four modules a day. All 56 of the …
The Hightstown Borough Council in central New Jersey is considering purchasing a used modular classroom for office space to be sited behind the Public Works building. Another option would be to rent a temporary facility, but James LeTellier, police director and interim borough administrator, said it is better to invest …
Modular Classroom will Transform into Office Space Read More
Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate …
New Company Operates Senior Manufactured Home Communities Read More
Champion Homebuilders of Troy, Mich. has been selected to provide 36 modular homes as part of phase two of Detroit’s Penrose neighborhood rebuild. The initial 36 homes in the effort, orchestrated by developer Star Development Corp. of Ann Arbor, Mich., were also Champion products, as is Penrose Art Center, an …
Investors grew worried in May when Chairman of the Federal Reserve Ben Bernanke mentioned ending the $85 monthly billion bond buying program to boost the economy. He has stepped back a bit, saying not until the economy shows sustained improvement, which helped spur the Dow and S&P to new record …
All Tracked Housing Stocks Gain, or Remain even; Dow and S&P Hit New Highs Read More
A switch by the Federal Emergency Management Agency (FEMA) from Park Model homes to manufactured homes for disaster housing has some FEMA field staff members, among others, shaking their heads. According to the Homeland Security Dept. Office of the Inspector General (OIG), the larger manufactured homes often require siting in …
FEMA Disaster Housing: Manufactured Homes instead of Park Models Read More
