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.

Portfolio of Manufactured Housing Communities Obtains Refinancing

By / / 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 / / 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 / / 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 / / 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 / / 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 / / 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 / / 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 / / 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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First State Manufactured Housing Association Awards Scholarships

By / / 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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Barclays: Home Prices will Rise Nearly Ten percent

By / / 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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Affordable Housing Award goes to Minnesota State Legislator

By / / 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 / / 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 / / 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

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Federal Reserve may Taper Stimulus Program this Year

By / / 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 / / 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

Home Prices in Texas Rise above 2007 Levels

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

According to nationalmortggenews a report by the Dallas Federal Reserve Bank says home prices in Texas have recovered to seven percent above the pre-recession highpoint in 2007. One of just ten states to have reached that milestone, Texas is second only to North Dakota in the amount that today’s prices

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Taxes Rise on Manufactured and Modular Homes

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

MHProNews has learned from charlotteobserver the North Carolina state senate has approved a tax reform plan on second reading with the third and final reading—and likely approval– set for Tue., June 18. The Republican-dominated senate bill includes a tax hike for factory-built homes. Under the new measure the sales tax

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Rising For Sale Inventory Balances Market

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

After housing inventory hit low levels not seen in nearly ten years, HousingWire tells MHProNews national inventories rose by 5.82 percent in May over April, much better than last year’s increase for the same two months of 1.77 percent. In addition, the median list price rose 2.10 percent April to

Rising For Sale Inventory Balances Market Read More

Cavco Storage Application Denied

By / / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular, regulation, Zoning

MHProNews has learned from the seguingazette in Seguin, TX the planning and zoning commission denied a special use request by Cavco Industries, Inc. for the temporary storage of flatbed trailers used to transport modular homes. According to Keith Alexander of Cavco the trailers were used to transport modular barracks to

Cavco Storage Application Denied Read More

Manufactured Housing Community has Drainage Woes

By / / Communities, Manufactured and Modular Housing News, Manufactured Homes

From Michigan, WXYZ.com informs MHProNews residents at Woodhaven Place manufactured home community having trouble navigating the roads in their community after a rain because of a drainage problem. While community managers say the city of Woodhaven, located just south of Detroit, are responsible, the city manager for Woodhaven visited the

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