Manufactured and Modular Housing News Archives

Jun 19 2013

School District may Lease Homesites in Manufactured Housing Community

By Matthew Silver / June 19, 2013 June 19, 2013 / Communities, Manufactured and Modular Housing News, Manufactured Homes, mobile home

Updating a story MHProNews posted June 12, 2013 regarding manufactured homes for teachers in housing-strapped Midland, Tex., the Midland Independent School District (MISD) trustees authorized up to $3.5 million to create a 70-unit temporary housing development. While the trustees originally thought they would have to develop infrastructure for the new …

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Jun 19 2013

Many Tracked Housing Stocks, Three Major Indexes all Tumble

By Matthew Silver / June 19, 2013 June 19, 2013 / Business, Manufactured and Modular Housing News, Stocks

Following the Federal Reserve’s hinting that it may taper its bond purchases later this year, the three major indexes all lost 1.12 percent to 1.39 percent in a slide that cost the Dow just over 200 points. CNNMoney reports the Dow Jones Industrial Average fell -206.04 points, -1.35 percent, to …

Many Tracked Housing Stocks, Three Major Indexes all Tumble Read More

Jun 19 2013

Green Courte Announces Promotion of Braden Rudolph

By Matthew Silver / June 19, 2013 June 19, 2013 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden Rudolph to Vice President, Asset Management. A 2010 MBA graduate of Northwestern University’s J L. Kellogg School of Management, Rudolph has been active in strategic initiatives at American Land Lease, Inc., an owner/operator of 50 …

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Jun 19 2013June 19, 2013

Bridge Collapse Strands Community Residents

By Matthew Silver / June 19, 2013 June 19, 2013 / Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

A sinkhole on a bridge at the Pine Haven manufactured housing community in Marietta, GA left residents who relied on the only vehicular access to the community stranded on Monday, June 17. Some residents needing to go to work relied on cabs or friends to take them; others waited for …

Bridge Collapse Strands Community Residents Read More

Jun 19 2013June 18, 2013

Manufactured Home Taxes Now Payable Online

By Matthew Silver / June 19, 2013 June 18, 2013 / Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

The Vinton County Treasurer’s Office in McArthur, Ohio reports taxpayers can now pay real estate and manufactured home taxes online. “The online payment system offers added convenience for the taxpayer and streamlines the process of collecting taxes. I hope that in time it decreases wait time for those taxpayers who …

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Jun 19 2013June 18, 2013

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

By Matthew Silver / June 19, 2013 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

Jun 18 2013

Canadian Development may Include Manufactured Housing

By Matthew Silver / June 18, 2013 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

Jun 18 2013

New Home Starts Continue their Climb

By Matthew Silver / June 18, 2013 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

Jun 18 2013

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

By Matthew Silver / June 18, 2013 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

Jun 18 2013June 19, 2013

Improving Manufactured Housing’s Image to Increase Sales

By MHProNews / June 18, 2013 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 …

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Jun 18 2013June 19, 2013

Portfolio of Manufactured Housing Communities Obtains Refinancing

By Matthew Silver / June 18, 2013 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

Jun 18 2013

Sales and Use Tax Rises in Virginia

By Matthew Silver / June 18, 2013 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

Jun 18 2013June 18, 2013

Emergency Modular Housing May Go to Oklahoma

By Matthew Silver / June 18, 2013 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

Jun 18 2013June 17, 2013

New Executive Director for Alabama Manufactured Housing Association Announced

By Matthew Silver / June 18, 2013 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 …

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Jun 17 2013

Housing Market Index Posts Largest Gain in over Ten Years

By Matthew Silver / June 17, 2013 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

Jun 17 2013

Affordable Modular Homes Available; Applicants’ Credit Lacking

By Matthew Silver / June 17, 2013 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

Jun 17 2013

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

By Matthew Silver / June 17, 2013 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

Jun 17 2013

Home-building Spurring Gross Domestic Product

By Matthew Silver / June 17, 2013 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 …

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Jun 17 2013

First State Manufactured Housing Association Awards Scholarships

By Matthew Silver / June 17, 2013 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 …

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Jun 17 2013June 16, 2013

Barclays: Home Prices will Rise Nearly Ten percent

By Matthew Silver / June 17, 2013 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 …

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