Capital One’s Manufactured Housing Finance has engineered a $5.9 million Fannie Mae fixed-rate loan to refinance Rio Plaza Mobile Home Estates (MHC) in King City, California. MHProNews has learned from multihousingnews the community is located in Monterey County 50 miles southeast of Salinas. The 110 homesite all age manufactured home […]
Rio Plaza Obtains Refi Package of $5.9M Read More
Through a series of interviews with manufactured housing industry professionals, politicians and consumers and a bevy of statistics and graphs, MHLivingNews and MHProNews publisher L. A “Tony” Kovach documents the pitfalls and stumbling blocks that prevent manufactured housing from becoming a major player in meeting the growing need for affordable,
The Path to the Rebirth of the Manufactured Housing Industry Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that, based on statistics released by the Department of Housing and Urban Development (HUD), HUD Code production for April, 2015 hit 6,085 homes, a 7.6 percent increase above the 5,653 produced in April, 2014. Total production for the year is
HUD Code Production of Manufactured Homes Continues Climbing Read More
Following a story MHProNews posted May 5, 2015 regarding Cavco Industries, Inc.’s (NASDAQ:CVCO) acquisition of Fairmont Homes, the Nappanee (Indiana) City Council took the first step towards a tax abatement for Cavco’s proposed economic development and expansion of Fairmont, which would bring added growth to the area. Noting that the
Cavco Seeks Tax Abatement to Upgrade Fairmont Homes Read More
On the heels of the Seattle Times/Center for Public Integrity’s stinging criticism alleging predatory lending practices by the manufactured housing industry in general, and Warren Buffett/Clayton Homes in particular, MHProNews reached out to Sen. Joe Donnelly (D-IN), who introduced the bipartisan bill S 682, Preserving Access to Manufactured Housing in
Back in the early 1980s when interest rates were running around 15 percent, veteran North Carolina builder Homer Wright constructed Northridge Mobile Home Park in Eden, North Carolina so those of modest means could find an avenue to affordable homeownership. The manufactured home community has 130 home sites, and at
Manufactured Home Sites Transitioning to Stick Built Read More
The U. S. news this week was dominated by the flooding that ravaged Texas, leading to the loss of some 30 lives, 4,000 damaged homes and millions of dollars in damages. In manufactured housing news, residents at an MHC threaten to move because of high utilities, UMH acquires another MHC,
Sunday Morning Recap–May 24, 2015 to May 30, 2015 Read More
Brisbane’s Queensland (Australia) University of Technology researchers Karen Manley and Dale Steinhardt report 84 percent of Sweden’s homes contain some prefabricated wood elements, far beyond the under five percent for the UK, Australia and the United States. In between are the Netherlands with 20 percent of all new housing using
Factory-built Homes more Prevalent in Scandinavia and Japan Read More
The North Carolina Department of Environment and Natural Resources has awarded Alamance County $24,000 to demolish and recycle 17 abandoned manufactured homes. Eligibility requirements state that the home must be privately owned and vacant, and owners voluntarily agree that the homes need to be demolished, according to thetimesnews. A pilot
County Receives Funding to Demolish Abandoned Manufactured Homes Read More
According to marlindemocrat, a request to site a manufactured home (MH) near the Marlin Men’s Civic Association building led to some confusion at the Marlin (Texas) City Council meeting recently. While city attorney Mike Dixon remembered drafting an ordinance regarding the placement of MH, City Secretary Sandra Herring said no
City Undecided about Manufactured Home Ordinance Read More
In an attempt to help house the homeless and low-income residents of Bithlo, Florida, outside Orlando, Tim McKinney, CEO of United Global Outreach (UGO) has designed a 456 square-foot tiny home that can be assembled with a screwdriver and wrench, meets current hurricane standards, and has a 40-year warranty on
Old Manufactured Homes and Tiny Homes address the Florida Homeless Read More
Cavco Industries, Inc. reports net revenue for the fiscal fourth quarter of 2015 was $141.2 million, an increase of 7.7 percent over the $131.2 million for the same period of 2014. For the fiscal year ending March 28, 2015, net revenue was $566.7 million, an increase of 6.2 percent over
Cavco Financials show Distinguished Gain Read More
Noting the worldwide emphasis on sustainability and energy efficiency, Global Industry Analysts, Inc. tells MHProNews prefabrication is gaining renewed interest in modern construction, and projects worldwide shipments of off-site homes will reach 1.1 million units by 2020. The report states: “Today, manufactured homes are one of the most sought after
Interest Growing Worldwide for Manufactured, Modular Housing Read More
The Manufactured Housing Institute (MHI) informs MHProNews that the Senate Banking Committee passed regulatory relief legislation that had been drafted by Committee Chairman Richard Shelby (R-AL). The 12-10 vote along party lines represents the most significant change to Dodd-Frank since it was enacted. Section 108 of the bill includes provisions
Senate Banking Committee Passes Manufactured Housing Finance Reform Read More
Cavco Industries, Inc. (Nasdaq:CVCO) will release its earnings for the fourth quarter of fiscal year 2015 on Thursday, May 21 after the close of the market, according to nasdaq. The results will be discussed the following day, Friday, May 22 2015 in a live webcast at 1 PM eastern daylight
Cavco to Release Q4 Fiscal Year Financials Read More
Steve Larson and his wife in Brownsboro, Texas asked the city council May 14 for an exemption that would allow them to site two manufactured homes (MH) on property they own within the city. Mayor Terry Mills replied that before he took office an ordinance was adopted prohibiting MH in
Brownsboro Refuses to Allow Manufactured Homes a Home Read More
According to au.news.yahoo, the Fleetwood Corporation will produce manufactured homes for Gateway Lifestyle to populate its 36 manufactured home communities in Queensland, New South Wales and Victoria, in Australia. The announcement of the two-year contract, with a possible two-year extension, moved the share price up 7.87 percent. MHProNews has learned
Fleetwood Snags Two Year Australian Deal Read More
The city commissioners in Polk City, Florida are proposing to amend the city’s land development code to protect manufactured homes as well other residences in case they are damaged or destroyed in the future. Since the area is zoned C-2, general commercial, the current code would not necessarily allow homes
Although in Commercial Zone, Manufactured Homes would be Replaced Read More
When David Sims received his property tax statement recently from the city of Raymond, Alberta, Canada, he was outraged that his yearly payment had increased from $411 to $1,111. Living on a fixed government pension in a manufactured home community (MHC) of 32 homes, his MH was assessed at three
Property Tax Rolled Back in Manufactured Home Community Read More
Bud and Tiffni Graham’s plans to install manufactured homes received approval from the Planning and Zoning Commission in Bandera, Texas, just northwest of San Antonio, as bccourier tells MHProNews. Although sited in the floodway of the Medina River, the homes were to be placed on pilings to remain above a
Manufactured Home Siting Approved, but Owners Yield to Residents’ Suggestions Read More
