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.

$33,000 in Scholarships Awarded by First State Manufactured Housing Association

By / June 18, 2013 / Awards, Communities, Manufactured and Modular Housing News, Manufactured Homes, People

As follow-up to a story we published June 17 concerning First State Manufactured Housing Association scholarships, MHProNews has learned First State of Delaware has awarded $33,000 in scholarships to 30 recipients since 1999. Eligible candidates are judged on their scholastic record, financial need, an essay and personal/professional recommendations. They are …

$33,000 in Scholarships Awarded by First State Manufactured Housing Association Read More

Canadian Development may Include Manufactured Housing

By / June 18, 2013 / Business, Canada, Company News, Manufactured and Modular Housing News, Manufactured Homes

A fifteen acre parcel of land in Kings County, Nova Scotia, Canada has been approved for retail and residential development, as the Kings County Council voted unanimously to give the second and final reading to the rezoning proposal for the property in Kentville. The redevelopment by Kent Building Supplies Limited …

Canadian Development may Include Manufactured Housing Read More

New Home Starts Continue their Climb

By / June 18, 2013 / Business, Economy, home buyers, Manufactured and Modular Housing News

Housing starts increased 6.8 percent in May to a seasonally-adjusted annual rate of 914,000 units due to a jump in multifamily construction. Single-family production remained steady at 599,000 homes, but multifamily activity grew 21.6 percent to 315,000 units. Regionally, the South posted a gain of 17.8 percent in combined starts …

New Home Starts Continue their Climb Read More

Most Tracked Housing Stocks Advance, as do the Three Major Indexes

By / June 18, 2013 / Business, Manufactured and Modular Housing News, Stocks

All three indexes advanced, with the Dow moving up over 120 points, as inflation remains low and housing starts increase, despite concerns of what the Federal Reserve may reveal Wed., June 19, about possibly tapering the quantitative easing. CNNMoney reports the Dow Jones Industrial Average gained +0.91 percent, +138.38 points, …

Most Tracked Housing Stocks Advance, as do the Three Major Indexes Read More

Improving Manufactured Housing’s Image to Increase Sales

By / June 19, 2013 / Manufactured and Modular Housing News

With image being a key component to selling more manufactured homes to cash and credit worthy buyers, that may explain the growing daily commentary in favor of the start of the ManufacturedHomeLivingNews.com image campaign. Nancy Geer, Executive Director of the New York Housing Association said: “Manufactured Home Living Website is …

Improving Manufactured Housing’s Image to Increase Sales Read More

Portfolio of Manufactured Housing Communities Obtains Refinancing

By / June 19, 2013 / Business, Communities, Manufactured and Modular Housing News, Manufactured Homes

Birmingham, Mich. based Q10 l Lutz Financial Services has arranged $108 million for the refinancing of a portfolio including 47 manufactured housing properties and three apartments. Lutz, a commercial real estate financial services firm, says the unnamed, Midwest-based private investor realized $99 million for the manufactured housing communities and $9 …

Portfolio of Manufactured Housing Communities Obtains Refinancing Read More

Sales and Use Tax Rises in Virginia

By / June 18, 2013 / Business, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

The transportation package that was passed by the Virginia General Assembly and signed into law by Governor Bob McDonnell includes tax increases that go into effect July 1, 2013. The titling tax for manufactured homes remains at $10, but the retail sales and use tax, which covers modular homes, will …

Sales and Use Tax Rises in Virginia Read More

Emergency Modular Housing May Go to Oklahoma

By / June 18, 2013 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

MODS International Marketing of Appleton, WI is set to deliver shipping containers converted into modular housing for the tornado victims in OK. MODS (Modular On Demand Structures) specializes in providing emergency housing for long and short term. The units arrive fully furnished, as MHProNews has learned from newson6.com. Costing $40,000 …

Emergency Modular Housing May Go to Oklahoma Read More

New Executive Director for Alabama Manufactured Housing Association Announced

By / June 17, 2013 / Advocacy, Manufactured and Modular Housing News, People

The Alabama Manufactured Housing Association (AMHA) has announced the decision of their board of directors to promote Doris Hydrick to the position of Executive Director as of July 1, 2013. Ms. Hydrick served as assistant director for 16 years, with responsibility for planning meetings, education seminars, and regulatory matters, and …

New Executive Director for Alabama Manufactured Housing Association Announced Read More

Housing Market Index Posts Largest Gain in over Ten Years

By / June 17, 2013 / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Modular, Trends

For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a …

Housing Market Index Posts Largest Gain in over Ten Years Read More

Affordable Modular Homes Available; Applicants’ Credit Lacking

By / June 17, 2013 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

The North East Community Action Agency (NECAC) in Hannibal, MO has joined the Next Step Network which gives them the opportunity to buy modular homes from Clayton Homes at 10-15 percent below market price. The goal is to provide low cost housing for people of modest means. Carla Potts, NECAC’s …

Affordable Modular Homes Available; Applicants’ Credit Lacking Read More

Universal Forest Products, Inc. Spikes; Three Major Indexes Gain

By / June 17, 2013 / Business, Manufactured and Modular Housing News, Stocks

Even though investors are edgy about the possibility the Federal Reserve will announce Wednesday that it will begin to wind down its quantitative easing, the markets managed to advance for the day, with the Dow picking up over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +0.73 percent, …

Universal Forest Products, Inc. Spikes; Three Major Indexes Gain Read More

Home-building Spurring Gross Domestic Product

By / June 17, 2013 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

As of April 2013, home building employment totaled 2.1 million people, up nearly 100,000 in the last year, according to the labor department. Home building contributed 20 percent to the growth of the Gross Domestic Product (GDP) in the last six quarters. Residential Fixed Investment (RFI), the home building component …

Home-building Spurring Gross Domestic Product Read More

First State Manufactured Housing Association Awards Scholarships

By / June 17, 2013 / Awards, Manufactured and Modular Housing News, Manufactured Homes, People

Delaware’s First State Manufactured Housing Association has announced the two winners of its annual $1,500 Manufactured Housing Scholarship Award for 2013. Both graduates of Sussex Technical High School, Bradley Collins graduated in 2011 and is in his third year at the University of Delaware, studying finance. As MHProNews has learned …

First State Manufactured Housing Association Awards Scholarships Read More

Barclays: Home Prices will Rise Nearly Ten percent

By / June 16, 2013 / Manufactured and Modular Housing News

MHProNews has learned from nationalmortgagenews that multinational banking and financial services company Barclays is predicting a 9.7 percent rise in U. S. home prices for 2013. According to the research report, the strong data for the first quarter, which exceeded expectations, indicates in 2014 house prices will rise another 7.2 …

Barclays: Home Prices will Rise Nearly Ten percent Read More

Affordable Housing Award goes to Minnesota State Legislator

By / June 16, 2013 / Advocacy, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

According to what hibbingmn tells MHProNews, Minnesota State Representative Jason Metsa has been recognized by the Manufactured & Modular Home Association of Minnesota (MMHA) with its 2013 Friend of Affordable Housing Award for his efforts during this year’s legislative session. MMHA President Mark Brunner said, “Rep. Metsa was particularly effective …

Affordable Housing Award goes to Minnesota State Legislator Read More

Williams, Allen and others give Thumbs Up

By / June 16, 2013 / Manufactured and Modular Housing News

Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have expressed encouragement …

Williams, Allen and others give Thumbs Up Read More

Cavco Completes Acquisition of Fleetwood

By / June 14, 2013 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming …

Cavco Completes Acquisition of Fleetwood Read More

Federal Reserve may Taper Stimulus Program this Year

By / June 14, 2013 / Business, Economy, Legal, Manufactured and Modular Housing News, People

With concerns growing over when the Federal Reserve Bank will slow its quantitative easing and the subsequent effect on the economy, of 39 economists and investment advisors surveyed, nearly two-thirds do not think it will begin before Dec. 2013, and some not till 2014. As MHProNews has learned from CNNMoney, …

Federal Reserve may Taper Stimulus Program this Year Read More

Three Major Indexes Tumble; Tracked Housing Stocks Close Mixed

By / June 14, 2013 / Business, Manufactured and Modular Housing News, Stocks

Mixed economic reports and concern over when the Fed may taper the quantitative easing that is pumping $85 billion into the economy troubled the stock market today. CNNMoney reports the Dow Jones Industrial Average fell -0.70 percent, -105.90 points, to end the week at 15,070.18. The Nasdaq dropped -0.63 percent, …

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

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