manufactured homes

New Executive Director for Alabama Manufactured Housing Association Announced

By / / Advocacy, Manufactured and Modular Housing News, People

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 […]

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Williams, Allen and others give Thumbs Up

By / / Manufactured and Modular Housing News

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

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Cavco Completes Acquisition of Fleetwood

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

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

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Taxes Rise on Manufactured and Modular Homes

By / / Business, Factory-Built Homes, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes

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

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Manufactured Home Sales Rise in New Mexico

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

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

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School District wants Manufactured Housing for Teachers

By / / Manufactured and Modular Housing News, Manufactured Homes

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.

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How Much for Lunch? Millions!

By / / Company News, Manufactured and Modular Housing News, Manufactured Homes, People

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

April MH Production Rises

By / / Business, Economy, Manufactured and Modular Housing News, Manufactured Homes, Trends

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

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Cavco Stock Upgraded

By / / Advocacy, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

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

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Guidelines for Buying Factory-built Homes

By / / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular

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

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Measure Supports MH as Affordable Housing

By / / Advocacy, Communities, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Zoning

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

Cavco Releases Quarterly and Annual Financials

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

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

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Measure Passes Texas Legislature

By / / Advocacy, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

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

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Cavco to Announce Quarterly Earnings Report

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

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:

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Planning Commission Still Considering MH Siting Ordinance

By / / Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

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

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MHC Owner Busy Selling Homes

By / / Business, Communities, Company News, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900

MHC Owner Busy Selling Homes Read More

Killam Releases Q1 Results

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations

Killam Releases Q1 Results Read More

Decrease the Height of Manufactured Homes?

By / / Advocacy, Communities, Manufactured and Modular Housing News, Manufactured Homes

The enterprisecommunity reports in The Horizon that as seniors age in manufactured homes and more baby boomers retire, some of whom will likely live in manufactured homes, the need for accessibility wheelchair ramps will increase. Sam Beall, the Enterprise Rose Architectural Fellow, says if you are lucky to live long

Decrease the Height of Manufactured Homes? Read More

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