Manufactured and Modular Housing News Archives

Aug 1 2012

Study: Energy Efficient MH would Improve Economic Stability

By Matthew Silver / August 1, 2012 August 1, 2012 / Advocacy, Economy, Manufactured and Modular Housing News, Manufactured Homes, People, Trends

mortgageorb reports a new study by the American Council for an Energy-Efficient Economy (ACEEE) estimates energy-efficient manufactured homes could save consumers $4.6 billion over the next 20 years, which would also improve residents’ economic stability. “Mobilizing Energy Efficiency in the Manufactured Housing Sector” states average household incomes in manufactured homes …

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Aug 1 2012

Garden Homes Applies Again

By Matthew Silver / August 1, 2012 August 1, 2012 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation, Zoning

Following up on a story we have been covering for over a year, and last reported on July 25, 2012, voicesnews says the Conservation Commission, Inland Wetlands Agency (CCIWA) in Oxford, Connecticut, has acknowledged receipt of Garden Homes Management’s newest application for a 124-unit manufactured housing complex despite not having …

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Aug 1 2012

Commissioners Give Sprinklers a Wet Blanket Welcome

By Matthew Silver / August 1, 2012 August 1, 2012 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation

The CumberlandTimesNews in Cumberland, Maryland says Allegany County Commissioners will consider a proposed change in the county’s sprinkler law that will delay the stricter regulations until the state adoption of the International Residential Code (IRC) takes effect in 2015. Currently, all multi-family dwellings are required to have sprinklers, but the …

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Aug 1 2012July 31, 2012

Modular Business Coming to Southern MI

By Matthew Silver / August 1, 2012 July 31, 2012 / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular, Zoning

The Daily Reporter tells us from Coldwater, Michigan, the Coldwater City Council has approved bringing 16 acres into the city from Coldwater Township for Ralph Schaefer to erect a modular home sales business. The council must also approve rezoning of the land, and the city planning commission must approve the …

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Aug 1 2012July 31, 2012

House Price Index Shows Modest Gain

By Matthew Silver / August 1, 2012 July 31, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

OriginationNews reports after a rise of 1.8% in April, the first increase in seven months, the 20-city S&P Case Shiller house price index (HPI) rose 2.2% in May, for the second consecutive month. While the HPI is down 0.7% from a year ago May, all 20 cities showed positive gains …

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Jul 31 2012

In Western North Dakota, Finding Housing is the Challenge

By Matthew Silver / July 31, 2012 July 31, 2012 / Economy, home buyers, Manufactured and Modular Housing News, Trends

Yahoo! Finance reports while most of the U.S. is still reeling from the effects of the housing downturn, the shortage of housing in western North Dakota is so great due to the Bakken Formation oil fields, the challenge is often finding a place to live. An 1,800 square foot house …

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Jul 31 2012

Many Tracked Housing Stocks Fall; Skyline Falls Hardest

By Matthew Silver / July 31, 2012 July 31, 2012 / Business, Manufactured and Modular Housing News, Stocks

Investors backed away from the market for the second consecutive day, still awaiting word from the Federal Reserve and European central banks about the possibility of a stimulus to kick start the conjoined economies, as all three indexes nudged down. CNNMoney reports the Dow Jones Industrial Average lost -64.33 points, …

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Jul 31 2012

Consumer Confidence Gains, but Slowly

By Matthew Silver / July 31, 2012 July 31, 2012 / Economy, Manufactured and Modular Housing News, Trends

The Olympian reports while the Consumer Confidence Index of The Conference Board increased for the first time in five months, from 62.7 in June to 65.9 this month, the index is well below 90, which indicates a healthy economy, a mark not seen since before the recession began in 2007. …

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Jul 31 2012

Cavco to Release Financials

By Matthew Silver / July 31, 2012 July 31, 2012 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

Yahoo!Finance says Cavco Industries, Inc. will release its earnings report for the first quarter of fiscal year (FY) 2013 on Thurs., Aug. 2, 2012 after the close of the market. Senior management will conduct a live webcast the following day, Fri. Aug 3, 2012 at 12:00 noon eastern time to …

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Jul 31 2012

Opinions Vary on Michigan MHC

By Matthew Silver / July 31, 2012 July 31, 2012 / Communities, Manufactured and Modular Housing News, Manufactured Homes, People, Small Business

The tctimes in Fenton, Michigan reports the problems allegedly emanating from the Lake Ponemah Mobile Home Park have become a bone of contention between some of the residents, the Fenton Township Board of Trustees, Genesee County Undersheriff Chris Swanson, the MHC owners, and state governing board Michigan Manufactured Housing Commission …

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Jul 31 2012July 30, 2012

Interest Rates Keep Dropping—But is it Good?

By Matthew Silver / July 31, 2012 July 30, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

MHProNews has learned from HousingWire 15 and 30-year fixed rate mortgages (FRMs) are continuing to drop to historic lows. While last year at this time a 30-year FRM was at 4.55, as of Thurs. July 26 it had dropped to 3.49% from 3.53% the previous week. While the 15-year FRM …

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Jul 31 2012July 30, 2012

For Profit and non-Profit Partner in Disaster Areas

By Matthew Silver / July 31, 2012 July 30, 2012 / Advocacy, Company News, Manufactured and Modular Housing News

CSRWire reports non-profit National Equity Fund (NEF) and financial giant Morgan Stanley are committing $25 million more in capital to support development of affordable housing and a jump start to local economies in devastated areas following catastrophic tornadoes and flooding. The current Rebuilding Local Economies Fund has reached $125 million. …

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Jul 30 2012

UMH Acquires Ohio MHC

By Matthew Silver / July 30, 2012 July 30, 2012 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

KTVN tells MHProNews UMH Properties, Inc. of Freehold, New Jersey has acquired the age-restricted Meadowood manufactured home community in New Middleton, Ohio. The 123 site community, located on 20 acres, was purchased for $3,400,000, and increases UMH’s holdings to 42 MHCs comprising 9,100 developed home sites in New Jersey, New …

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Jul 30 2012

Patrick and Drew Ind. Drop, Investors Cautious

By Matthew Silver / July 30, 2012 July 30, 2012 / Business, Manufactured and Modular Housing News, Stocks

Hoping for stimulus to come later this week from European and U.S. central banks, investors took a break from the markets as indexes nudged down. CNNMoney reports the Dow Jones Industrial Average remained above the 13,000 mark at 13,073.01, losing -2.65 points, -0.02%. The Nasdaq fell as well, dropping -0.41 …

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Jul 30 2012August 2, 2012

Anti-money Laundering: MHI’s Templates can Benefit non-bank Lenders

By Matthew Silver / July 30, 2012 August 2, 2012 / Advocacy, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

MHProNews has learned from the Manufactured Housing Institute, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which is charged with coordinating anti-money laundering rules covering over 100,000 financial institutions and businesses that may be utilized to support criminal enterprises, has instituted a new Anti-Money Laundering Program (AML) for …

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Jul 30 2012

Housing Industry Edges Up

By Matthew Silver / July 30, 2012 July 30, 2012 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to SFGate, Federal Reserve data indicates owners’ equity in household real estate fell from the end of 2005 through the last quarter of 2011 by seven trillion dollars, about half of its value. However, it increased by $400 billion in the first quarter 2012, the quickest rate of growth …

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Jul 30 2012

Down Under Modular First to Rise Up

By Matthew Silver / July 30, 2012 July 30, 2012 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Daily Mercury reports from Sydney, Australia a modular house called HOUSE2.0 unfolds out of a box and can be set up within a week ready for the furniture to be brought in. Tektum managing director Nicolas Perren says a developer in Mackay in New South Wales (NSW) has expressed interest …

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Jul 30 2012July 29, 2012

Low Inventory of For Sale Homes Raises Prices

By Matthew Silver / July 30, 2012 July 29, 2012 / Economy, home buyers, Manufactured and Modular Housing News, Trends

azstar reports home sellers are benefiting from the reduced inventory of homes for sale. The drastic drop in availability has reached 50 percent in some areas of California since last year, and has dropped 53 percent in San Diego since last summer. Los Angeles has seen a decrease of 49 …

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Jul 30 2012July 29, 2012

Skyline Corp. FY Results

By Matthew Silver / July 30, 2012 July 29, 2012 / Business, Canada, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV

Yahoo!Finance says Elkhart, Indiana-based Skyline Corporation reports for fiscal year (FY) 2012 net sales increased 13% from $162,327,000 FY 2011 to $182,846,000. Manufactured and modular housing sales comprised $109,157,000 of the 2012 total, an 11% increase over the $97,922,000 net sales for 2011. FY 2012 net loss was $19,365,000 as …

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Jul 27 2012

Used Manufactured Homes Selling in Arizona

By Matthew Silver / July 27, 2012 July 27, 2012 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Small Business

TheDailyCourier reports Beverly Granillo, who has been selling manufactured homes in Prescott Valley, Arizona since 1986, says used manufactured homes are selling well in the area because they are 30-50 percent less than new homes. She closed her dealership in 2009 because of the economy but now sells new and …

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