With manufactured housing increasing production nine consecutive months, as MHProNews has noted previously, smallcapnetwork says the time might be ripe to get into the manufacturing and modular housing market. Cavco Industries (NASDAQ:CVCO) reports net sales for the entire fiscal year 2012 hit $443,066,000, an increase of 156% over last year, […]
HUD Code and MOD Stocks: Buy Now! Read More
Following the 2011 flooding of the Souris River in North Dakota, NorthDakotaRealEstateRama says the acute housing shortage due to the oil boom led to the Federal Emergency Management Agency (FEMA) bringing in over 2000 manufactured homes to house the survivors. Often after a catastrophe FEMA will locate rental housing/motels for
FEMA Homes in ND Still Occupied Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews.com Housing and Urban Development (HUD) statistics show production of HUD Code homes rose to 4,630 homes in April 2012, a 17.4 percent increase over April 2011 production of 3,944 homes, marking nine months of consecutive industry growth. The top ten
MH Shipments Rise for 9th Consecutive Month Read More
The NewHavenRegister says the Ryder Woods Mobile Home Park in Milford, Connecticut was moved in 2005 to make way for a WalMart, and the developer paid fairly and squarely to move the 200 families. Three years ago the Ryder family re-purchased the community to make sure it would never have
Nearby Housing Development Raises Concerns Read More
KelolandTV from Aberdeen, South Dakota says Centennial Homes is cashing in on the oil boom in western North Dakota. Kevin Foss of Centennial says the company has been sending as many manufactured homes and modular homes as it can to the north. He expects business this year to increase 50
Another HUD MOD Retailer Strikes Oil Read More
MarketWire states Phoenix-based Cavco Industries, Inc. (CVCO) will announce its fourth quarter fiscal 2012 earnings Tue. May 29, 2012 after the market closes. Senior officials will discuss the report in a live webcast the following day, Wed. May 30 at 12:00 noon Eastern time. Cavco is the second largest producer
Cavco to Release Financials Read More
GoUpstate tells us the Spartanburg City Council in South Carolina is considering raising the fees on MHC owners to offset the cost of inspections so taxpayers are not subsidizing the expense of the inspectors. Other changes in the ordinance amending the original land management measure deal with lighting and setback
MHC Owners’ Fees to Rise Read More
The Rapid City Journal in South Dakota reports the Box Elder Planning and Zoning Commission wants developer Bob Akers to rethink his plans to replace the 125-site Wagon Wheel Village MHC with 166 modular homes spaced ten feet apart. Located just east of Rapid City, the local government has no
Tight Squeeze for Modular Homes Read More
DoylestownPatch reports from the Pennsylvania House of Representatives, HB 1767, sponsored by Rep. Robert Freeman, D-Northampton, dictates the responsibilities of an MHC owner during the sale of an MHC under the Manufactured Home Community Rights Act. Up for second consideration this week, MHProNews.com has learned the measure also denotes the
PA House Measure Deals with MH Read More
MHProNews.com has learned from MyrtleBeachonline two South Carolina men were each sentenced to three years in federal prison for falsifying loan applications to banks to obtain mortgages on manufactured homes that were never delivered. Conway, SC MH dealer Glenn Vaught and mortgage broker Michael Fortenberry provided false documentation to obtain
MH Fraud Crime Results in Doing Time Read More
Perhaps 20,000 to 30,000 jobs and the home values of some 4 million pre-HUD Code mobile and post-HUD Code manufactured homes hangs in the balance of the passage of HR 3849. Can it get done? Experts tell MHProNews that it will require a strong grass roots effort by industry professionals
Making Manufactured Housing SAFE from Dodd-Frank Read More
As follow-up to a story we wrote April 18 regarding changes to the MHC code by the San Antonio Quality of Life Committee, which has policy oversight of manufactured homes, Texas Manufactured Housing Association (TMHA) Executive Director J.D. Pendleton led a group of residents and community owners in a meeting
Task Force to Review San Antonio’s MH Code Changes Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports a joint letter dated April 17, 2012 from the chairmen of the House Financial Services Committee and the Housing, Insurance, and Community Development Subcommittee to HUD Secretary Shaun Donovan seeks follow-up from HUD regarding its implementation of the Manufactured Housing Improvement
Congress to HUD: Where Have You Been Since 2000? Read More
TCPalm of Palm Beach, Florida, tells MHProNews.com a series of power surges that struck the Village Green MHC in Vero Beach ruined numerous electrical devices in five manufactured homes, including large-screen TVs, coffee makers, DVD players, microwaves, a chandelier, and other appliances. Although the total loss was around $2,000, not
Ants Fry Electrical Appliances Read More
The Manufactured Housing Institute (MHI) reports 4,139 new manufactured homes shipped in Feb. 2012, an increase of 45.3 percent from a year ago Feb, with single and multi-section homes both increasing, although single section accounted for 60.4 percent of the total. Jan. and Feb. 2012 MH shipments totaled 8,084 compared
Manufactured Housing: Moving Up Read More
The FayObserver tells MHProNews.com minimum housing standards are set to be tightened by the Cumberland County Commission in the south central area of North Carolina. In light of neighborhood complaints about the condition of some factory-built housing, the new measure would require all manufactured housing to have skirting around the
New Standards Will Impact Manufactured Housing Read More
In its Week in Review newsletter, the Manufactured Housing Institute (MHI) is urging its members to contact their congressional delegation to support H.R. 3849, legislation introduced by Reps. Stephen Fincher of Tennessee, Joe Donnelly of Indiana, and Gary Miller of California. The Preserving Access to Manufactured Housing Act seeks to
MHI Needs Your Support for House Bill Read More
A program offered by Puget Sound Energy (PSE) offers residents of manufactured homes in Bonney Lake and Sumner, Washington the opportunity to receive free duct work sealing and other energy- saving devices. As Bonneylake-SumnerPatch tells MHProNews.com, the service has up to a $500 value and can reduce energy usage by
Free Energy Upgrades for MH Residents Read More
From North Dakota and KXTNews comes a story about the demand for manufactured housing in the oil-boom state. Soon after new homes arrive on sales lots, they leave for site placement. The sales manager for one business told the reporter sales have tripled in the past year, most destined for
Manufactured Home Demand Continues in Western North Dakota Read More
From Arkansas and the North Little Rock Times, MHProNews.com learns that The North Little Rock City Council voted unanimously Monday to send back to the city Planning Commission a proposal to pass zoning requirements that would have limited the placement of manufactured homes. Had the requirements passed, most neighborhoods in
Arkansas Zoning Plan Rejected Read More
