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.

Regulation will Require Replacing Older MH with HUD Code Homes

The carrollnews informs MHProNews the Hillsville (Ohio) Town Council has changed several town codes, including the following that applies to non-conforming manufactured homes (using non-conforming spelling): “Removal and replacement of a manufactured home which constitutes a nonconforming used on an individual lot or within a manufactured home park ore removal […]

Regulation will Require Replacing Older MH with HUD Code Homes Read More

Fundraiser for Residents Forced to Move

Updating a story MHProNews covered Sept. 5, 2012 regarding the closing of two MHCs in State College, Penn., a graduate of Penn State University and fellow church congregant with residents of the communities is sponsoring a benefit to assist those displaced by the closings. Musician Pat Elliott has organized the

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Florida Community Acquired from Bank

The heraldtribune reports MHC Mermaid’s Manor in Bradenton, Fla. has been acquired out of foreclosure by trusts in the name of Harold E. Crye and Hazel Ann Ball for $1.2 million, from BOFI Federal Bank. The 70-site Mermaid’s was previously owned by Tampa’s CPM Properties LLC, managed by Harvey Estes,

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Improving Markets Index Holding Steady

The National Association of Home Builders/First American Improving Markets Index (IMI) informs MHProNews the list of improving housing markets remains virtually unchanged from last month. Five new markets showed improvements in employment, housing permits and home prices for at least six months, while six fell from the ratings. NAHB Chief

Improving Markets Index Holding Steady Read More

Jobs Report Depresses Indexes; Nobility Homes Rises

U. S. stocks responded negatively to a report the economy only created 88,000 jobs last month, leading to a drop in the three major indexes, according to CNNMoney. The Dow Jones Industrial Average dropped -0.28, -40.86 points, to end the first week of the new quarter at 14,565.25. The Nasdaq

Jobs Report Depresses Indexes; Nobility Homes Rises Read More

Morgan Management Founder Honored

According to the brightonpittsfordpost, Robert Morgan, founder and CEO of Rochester, NY-based Morgan Management has been named recipient of the 2013 Herbert W. Vanden Brul Entrepreneurial Award by the RIT Saunders College of Business. Honored for 30+ years of successful business in Rochester, the company Morgan founded now employs 950

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YES! Adds to Portfolio

MarketWatch reports Denver-based YES! Communities has acquired a portfolio of 64 manufactured housing communities (MHCs) comprised of 14,000 home sites mostly in the Atlanta and Dallas metropolitan markets, but also including Corpus Christi and El Paso, Texas, as well as Las Cruces and Las Alamos, New Mexico. With the completion

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Conversion Statute in the Legislative Mix

Following up on an earlier post concerning legislation that a California manufactured home owners association is promoting in the state legislature, santamariatimes informs MHProNews SB 510 addresses the conversion of MHCs to resident owned communities/sites and condos. The new measure gives local jurisdictions authority to determine by survey if at

Conversion Statute in the Legislative Mix Read More

GSEs Winding Down? Says Who?

In addition to guaranteeing the majority of new residential mortgages across the country, HousingWire informs MHProNews Fannie Mae and Freddie Mac, the GSEs (government-sponsored enterprises), also guarantee half of the outstanding residential mortgage debt, with the private market picking up the other half. While the Congressional Budget Office (CBO) projects

GSEs Winding Down? Says Who? Read More

Texas Going Modular?

IMSoup reports from Austin, Texas more people are interested in modular homes this year than in 2012, as the traditionally strong home-buying season begins. Modular Homes Network reports a nearly 25 percent increase in interest in modular homes for March 2013, especially in Houston, Austin, Dallas and San Antonio. As

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Intentional Community buys Manufactured Homes

According to paloaltoonline, 15 people share three houses, a trailer, a vegetable garden and household tasks in an intentional community, called Greenwave, along a small Palo Alto (Calif.) side street. Owned by three of the members to whom the others pay rent, the three homes are manufactured housing to keep

Intentional Community buys Manufactured Homes Read More

ROC Strikes Again

Updating a story we posted Feb. 27, 2013 concerning residents of Wheel Estates MHC in North Adams, Mass. trying to buy their community, iberkshires informs MHProNews the nearly $4 million loan went through, financing managed by ROC (resident-owned communities) USA of New Hampshire. For years residents have allegedly complained the

ROC Strikes Again Read More

Supporter of MHCs Leaving Council

According to thenewstribune, Tumwater City Council member Betsy Spath will resign her position effective April 30, 2013 because she is leaving her position as a geriatric care manager for a law office and moving out of state. In addition to protecting manufactured housing communities in the city while on the

Supporter of MHCs Leaving Council Read More

Proposed Measure would Challenge Conversions

Updating a post from March 22, 2013, we reported on the legislation in the state house the Golden State Manufactured-Home Owners League (GSMOL) in California is promoting, and what has been added. As we stated, AB 1205 would provide mediation services between resident and management to resolve disputes; and AB

Proposed Measure would Challenge Conversions Read More

Modular Home will Return to Show

The providencejournal informs MHProNews the Rhode Island Builders Association Home Show will include a full size modular home for the second straight year. CRM Modular Homes of Johnston, RI will construct the home inside the Rhode Island Convention Center for the show, which is schedules to run from April 4

Modular Home will Return to Show Read More

MH Production Holds Steady

The Manufactured Housing Association for Regulatory Reform (MHARR) reports  statistics from the Dept. of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes hit 4,151 units in Feb. 2013, six more than the 4,145 in Feb. 2012. Total industry production for 2013 is 3.2 percent higher than

MH Production Holds Steady Read More

Goliath Expanding in Texas

MyWestTexas tells MHProNews housing supplier Goliath Industries, responding to the urgency one year ago for oilfield housing, quickly sited 21 leased modular housing units to accommodate 50 workers southwest of Odessa, Texas. From clearing the land to welcoming the first occupants took a mere four weeks, but now the company

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Manufactured Housing Composite Drops; Major Indexes Slide also

North Korea’s saber rattling and talk that the Federal Reserve may end its stimulus program this summer pushed investors away from the dance floor, as all three major indexes slipped. CNNMoney reports the Dow Jones Industrial Average lost -0.76 percent, -111.66 points, to close at 14,550.35. The Nasdaq dropped -1.11

Manufactured Housing Composite Drops; Major Indexes Slide also Read More

Appraisals of Manufactured Homes Often off Base

The March 27 Webinar, Real Homes, Real Value: Improving Real Property Appraisals of Manufactured Homes sponsored by the Corporation for Enterprise Development (CFED), addressed the problems of getting accurate appraisals on manufactured homes across the country. Doug Ryan, Director of Affordable Homeownership Initiatives at the CFED, says the Innovations in

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