While the number of employees in the manufactured housing (MH) industry in Ore. dropped from 2,000 in 2007 to around 600 by the end of last year, factory-built housing producer GreenFLEX intends to hire some of those workers at a facility in Stayton, Ore. that once made modular homes. The […]
Structural Panels Maker GreenFLEX Expanding in Oregon Read More
Updating a story MHProNews posted June 12, 2013 regarding manufactured homes for teachers in housing-strapped Midland, Tex., the Midland Independent School District (MISD) trustees authorized up to $3.5 million to create a 70-unit temporary housing development. While the trustees originally thought they would have to develop infrastructure for the new
School District may Lease Homesites in Manufactured Housing Community Read More
With image being a key component to selling more manufactured homes to cash and credit worthy buyers, that may explain the growing daily commentary in favor of the start of the ManufacturedHomeLivingNews.com image campaign. Nancy Geer, Executive Director of the New York Housing Association said: “Manufactured Home Living Website is
Improving Manufactured Housing’s Image to Increase Sales Read More
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
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
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
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
Cavco Completes Acquisition of Fleetwood Read More
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
Taxes Rise on Manufactured and Modular Homes Read More
The demingheadlight informs MHProNews sales of single-family homes surpassed those of manufactured homes (MH) in Deming, NM in the southwest corner of the state in the last year. From May 2012 to June 2013 87 single-family homes were sold, as compared to 35 MH that changed hands in the same
Manufactured Home Sales Rise in New Mexico Read More
According to mywesttexas, as housing tightens in Midland, Texas, teachers for the Midland Independent School District (MISD) are finding housing they can afford scarce. The school administration and trustees are exploring homesite possibilities for 50 manufactured homes it intends to acquire and then rent to teachers for $500 a month.
School District wants Manufactured Housing for Teachers Read More
The National Modular Housing Council (NMHC) reports for the first quarter of 2013 modular home shipments hit 2,913, up 3.9 percent from the same period 2012. Compared to the same period in 2012, shipments rose in 11 states, declined in ten states, and remained virtually unchanged in 13 states. By
Modular Shipments Rise Read More
For the 14th consecutive year Berkshire Hathaway CEO Warren Buffett is auctioning off a power lunch for eight on E-bay, his annual anti-poverty fundraiser that fuels the San Francisco charity GLIDE. The non-profit provides some 800,000 meals each year to the hungry, and has received $15 million since the auction
How Much for Lunch? Millions! Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Dept. of Housing and Urban Development (HUD) statistics reveal production of manufactured homes in April rose 14.7 percent over April 2012, 5,313 homes over 4,630. Total production for the year equals 18,173 homes, an increase of 4.2 percent over
April MH Production Rises Read More
MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading
Cavco Stock Upgraded Read More
The Napa Valley Register in Calif. offers definitions of mobile, manufactured and modular homes and the appropriate financing. Mortgage banker Chris Salese notes that fateful day of June 15, 1976 when manufactured homes came under the jurisdiction of the Department of Housing and Urban Development (HUD) and the regulated production
Guidelines for Buying Factory-built Homes Read More
Rep. Nathan Ramsey of the North Carolina House of Representatives has introduced a bill that would restrict counties from limiting the siting of manufactured homes, as natlawreview informs MHProNews, saying the measure is necessary to enlarge the inventory of affordable housing. House Bill 769 would allow MH to be located
Measure Supports MH as Affordable Housing Read More
According to globenewswire, Cavco Industries, Inc. reports net income before taxes for the fiscal fourth quarter 2013 was $3 million, up from $2.9 million from the same period last year including a $1.2 million tax benefit from the acquisition of Palm Harbor. Net revenue rose 9.4 percent for fiscal Q4
Cavco Releases Quarterly and Annual Financials Read More
Following up on a story we posted March 21, 2013 about Texas Legislature HB 3613 that would release delinquent tax liens on manufactured homes beyond the four year statute of limitations, the Texas Manufactured Housing Association (TMHA) says the bill passed the Senate and now goes to the governor, hopefully
Measure Passes Texas Legislature Read More
As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet:
Cavco to Announce Quarterly Earnings Report Read More
Following up on a story MHProNews last posted Feb. 15, 2013, concerning a temporary moratorium on the siting of manufactured homes in Magnolia, Ark., magnoliareporter says the Magnolia Planning Commission will continue its discussion at its next meeting. While current regulations require a 65-foot minimum width for siting a manufactured
Planning Commission Still Considering MH Siting Ordinance Read More
