Holiday for Stock Markets
All U.S. stock markets are closed Monday, Feb. 20 in observance of Presidents’ Day. The markets will observe regular hours Tuesday, Feb. 21.
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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.
Sun Adds Three More RV Communities to Stable
MHProNews.com has learned from MarketWatch that MHC owner Sun Communities, Inc., of Southfield, Michigan has purchased three RV communities in Florida for $25.0 million cash. The acquisition includes 488 permanent RV sites and 636 seasonal RV sites which are in Bushnell, Orange Lake, and Hudson Florida. When combined with the
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Home Ownership as Investment Questioned
Noting that manufactured homes of today are superior to the “single-wides” of 40 years ago, MHProNews.com has learned from MSNRealEstate that MH appeals to a variety of home buyers. Kevin Flaherty, vice president of marketing at Champion Home Builders says at the affordability level, “People are looking for a comfortable,
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MHI Chairman, TDHCA Director, to Address MH Issues
In an exclusive communication from the Texas Manufactured Housing Association (TMHA), MHProNews.com has learned Manufactured Housing Institute (MHI) Chairman Joe Stegmayer will speak at the Hyatt Regency on Lasoya in San Antonio March 6 following the TMHA Second Quarter Board Meeting. He will address issues facing the national manufactured housing
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Passages: Philip L. LaMarch
The DailyPress of Escanaba, Michigan, informs MHProNews.com of the passing of longtime manufactured and modular housing dealer Philip L. “Phil” LaMarch on Feb. 14 at age 92. He began in the automobile business, than switched to RVs and mobile homes, and developed Far View Estates, the first manufactured home community
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Dow Relatively Quiet as Patrick Ind. And Nobility Homes Sound
Investors stayed on the sidelines in advance of a key vote on the proposed bailout of Greece. The Dow Jones Industrial Average gained 45.72 points, +0.35%, to close at 12,949.87. CNNMoney tells MHProNews.com the Nasdaq lost -0.27% to 2,951.78, while the S&P rose 0.23% to end the week at 1,361.23.
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“Mom and Dad are Out Back”, said the Son
According to SeniorHousingNews, with health care costs rising and the economy still not thriving, “Granny pods” may start appearing in your neighbors’ backyards. Small modular homes, Med-Cottages, 288 square feet, outfitted as needed for the particular resident, assembled in a backyard, can give seniors a sense of independence while keeping
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Low-Impact Kit Home Easy to Ship and Assemble
MHProNews.com has learned through GizMag Bellomo Architects has designed a modular house that arrives in a ten-foot box and is assembled much like IKEA furniture. Bent steel tubes form the base structure of House Arc, which comes with an easy-to-follow graphic manual and requires no special training to assemble. When
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MH Code Enforcement in East Central Texas
After the Bryan, Texas City Council and inspectors from various departments toured the 37 LLCs in the city in 2010, 117 factory-built homes had their utilities cut for safety reasons and 14 were demolished. 32 of the communities were affected. The ordinance to regulate the communities had been on the
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Build Housing Families Can Afford
In an op-ed piece in Statesman of Austin, Texas, Ed Wendler, Jr. says the most important issue in the upcoming city council elections should be affordable family housing. As a developer in a city where rents increased 7.2 percent last year and are expected to continue rising the next three
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Last FEMA Home Departs New Orleans
The Federal Emergency Management Agency (FEMA) reports the last Katrina manufactured home has left New Orleans. “Another page has turned in New Orleans’ post-Katrina history,” New Orleans Mayor Mitch Landrieu said in a news release. “At the end of the day, FEMA trailers were never meant to be permanent housing
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Actor and 1950s Developer Inspire Modern Modular
USAToday tells MHProNews.com sustainable, energy-efficient home-building has increased in the wake of actor Brad Pitt’s founding of Make It Right, a response to the housing needs of victims of Hurricane Katrina in New Orleans. Living Homes of California has developed a modular 1,232 square foot home with three bedrooms and
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Dow Solid, UFPI Spikes, Nobility Slides
Despite fears of the European debt crisis and Greece’s continuing bailout problem, positive U.S. economic data in the employment and housing sectors helped drive the Dow Jones Industrial Average up nearly one percent, 123.06 points. to close at 12,904.01. “People know and are still fearful of the European Union crisis,
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New Hampshire’s Newest MH Community to Go Co-op
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has
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Sewer Traps at LLC May Need Replacement
Robert Ludgate, Jr., the Alsace Township engineer in Temple, Pensnsylvania says he has agreed to table a township requirement for manufactured homes at the Urban Acres Mobile Home Park to have exterior cast-iron sewer traps. MHC owners Erica and Kevin Ernst told the township supervisors of the 75 homes in
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MHI Appoints New President/CEO
In an exclusive communication from MHI, MHProNews.com has learned Richard “Dick” Jennison has been chosen to head the Manufactured Housing Institute (MHI). The former partner and Senior Vice President at Omni Solutions Group where he managed their large not-for-profit business practice, Jennison previously spent nearly eight years as president of
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Professor Specializes in Modular Housing
John Quale, professor of architecture at the University of Virginia in Charlottesville has turned his sights on developing energy efficient affordable housing. “The people who are at the lower end of the income level are the ones who need the most help in reducing their energy inefficiency, and yet they
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MH Gains, Dow Loses One Percent
The Dow and the Yahoo Finance Manufactured Housing Composite were going in opposite directions Wednesday. While the general indexes lost about one percent, the manufactured housing index gained as much and more. Gaining ground Wednesday were Cavco Industries, up .46 cents (.87 percent) to $53.18; Nobility Homes, up $1.25 (18.94
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Stocks, Decline, Rise, Close Near Where They Started
You might call it Flat Tuesday. Stocks pared losses experienced early in the trading day as optimism rose in regards to the financial situation in Greece. The Dow and Nasdaq ended the day close to where they started. The Yahoo Finance Manufactured Housing Composite Index gained just over one percent.
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Vintage MHC will Remain as Tribute to Industry’s History
As follow-up to an article we posted Dec. 26, 2011, SantMonicaDispatch tells MHProNews.com the Village Trailer Park in Santa Monica, CA has likely been saved from the wrecking ball by the LA Landmarks Commission. The owners of the 108 home site LLC (land lease community) wanted to develop the property
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