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.
Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales …
In an exclusive to MHProNews, Steve Varnum of the Community Loan Fund says Silver Fox Estates in Pembroke, New Hampshire became the state’s 105th resident-owned manufactured home community as of May 30, 2013. With funding and assistance from the New Hampshire Community Loan Fund, the Silver Fox Homeowners Cooperative, Inc., …
According to newszap, Delaware Attorney General Beau Biden issued an order requiring PFL Limited Partnership, owner of Layton’s Riviera MHC in Sussex County in southern Delaware, to better protect its residents. MHProNews has learned an investigation by the state’s Consumer Protection Unit (CPU) revealed numerous violations of the Manufactured Home …
Manufactured Home Community Owners Agree to Settlement Read More
A good jobs report from the federal government spurred all three indexes to rise above one percent as the week drew to a close. CNNMoney reports the Dow Jones Industrial Average advanced +1.38 percent, +207.50 points, to close at 15,248.12. The Nasdaq gained +1.32 percent, +45.17 points, to end the …
Three Indexes End Week up; Housing Composite Gains 4.57% Read More
The U. S. Ninth Circuit denial to rehear the Equity LifeStyle Properties (ELS) vs. City Of San Rafael ruling may lead to a battle in the U. S. Supreme Court. The court’s decision handed down in April establishing rent control in manufactured housing communities may embolden rent control advocates across …
U. S. Supreme Court may Hear Rent Control Challenge Read More
When the rent for a manufactured home (MH) in an MH Community on land owned by the Sechelt Indian Band rose from $6,500 a year to $24,000, a dispute resolution officer said the increase violated British Columbia’s Manufactured Home Park Tenancy Act (MHPTA). Although the Band subsequently staggered the increase …
Manufactured Home Community on Indian Land not Governed by Province Read More
MHProNews has learned from stpaulsreview that the St. Pauls (North Carolina) Planning Board is recommending the Board of Commissioners deny a conditional use request to site a multi-section manufactured home in town. While it is allowed, the commissioners must approve the permit. Since no one came to the meeting to …
According to knoxnews, Clayton Supply, a division of Clayton Homes, has acquired one of its suppliers, a vinyl window manufacturer in Crossville, Tenn. Purchased from Elixir Industries and renamed Clayton Windows, the facility has the production capability for 450 windows a day, but Clayton intends to ramp up output to …
Updating a post MHProNews last covered May 2, 2013, regarding the rent justification bill in the Delaware General Assembly, delaware.newszap reports the measure passed the Senate 17-2, in stark contrast to last year when it squeaked by 11-9 and then failed in the House. The bill requires MHC owners to …
According to the National Association Home Builders (NAHB)/First American Improving Markets Index (IMI), five U. S. housing markets have been added to the list of those returning to health in June. Based on housing permits, employment and house prices that have been improving for six months, “This is the fifth …
MHProNews has learned from buffalonews students at Erie 1 BOCES’ Harkness Career and Technical Center in Cheektowaga, just east of Buffalo, NY, have completed a 1,200 square foot modular home that will be auctioned off Fri., June 7. “If you see this house, you would be surprised that twenty 17-year-old …
With uncertainty still in the air over future Federal Reserve policy and the sluggish economy, investors made enough inroads in trading today to regain some of what was lost yesterday, but not much. CNNMoney reports the Dow Jones Industrial Average advanced +0.53 percent, +80.03 points, to close at 15,040.62. The …
Contrary to the common focus of too many weather reports, MHProNews has leaned that no one in a pre-HUD Code mobile home or a modern manufactured home died as the result of the May 20 and May 31st EF5 storms in Oklahoma. While thousands of conventional homes were leveled or …
Manufactured and Mobile Homes Survive Recent Oklahoma Tornadoes Read More
MHProNews has learned the City Council of Arkansas City in Kansas just north of the Oklahoma border, has voted to amend the municipal code to allow manufactured homes to be sited in residential-zoned districts. According to arkcity.net, the home must have been manufactured within the last year, including the time …
The National Modular Housing Council (NMHC) reports for the first quarter of 2013 modular home shipments hit 2,913, up 3.9 percent from the same period 2012. Compared to the same period in 2012, shipments rose in 11 states, declined in ten states, and remained virtually unchanged in 13 states. By …
MHProNews has learned from castanet in Kelowna, British Columbia, Canada residents of SunRise Village MHC are concerned that rising rents may force them out of their homes, especially seniors on fixed incomes. With annual rent increases that include two percent above inflation, rents are rising faster than incomes, and residents …
According to insidermonkey, Sun Communities, Inc. (NYSE:SUI), a real estate investment trust (REIT) that owns and operates 184 manufactured housing and recreational vehicle communities, returns a higher dividend yield (5.0% versus 2.6% for Equity Lifestyle Properties, Inc.) and is more capital efficient (ELS has a higher capex-to-sales ratio of 4.1 …
Concerns about the economy slowing down and the Federal Reserve’s quantitative easing being reduced sent stocks tumbling in today’s trading, as the Dow lost over 200 points. CNNMoney reports the Dow Jones Industrial Average dropped -1.43 percent, -216.95 points, to close at 14,960.59. The Nasdaq fell -1.27 percent, -43.78 points, …
According to dailyfinance, MH component supplier Drew Industries is quick at turning cash outflows into cash inflows, based on a formula that may be just as important as income in determining the financial health of a company. The cash conversion cycle (CCC) calculates days inventory outstanding to days sales outstanding, …
According to mortgagenewsdaily, the Consumer Financial Protection Bureau (CFPB) has issued updates regarding what examiners will be checking lenders for when the new regulations go into effect Jan. 2014. Noting these are the first of what is anticipated will be numerous updates, the examination procedures concern the Truth in Lending …
