Matthew Silver

Following a 25-year career operating a custom hardwood furnishing business and occasional writing, Matthew Silver has been writing professionally for over a dozen years, six of those for the factory-built housing industry. Otherwise, he may be found performing folk music in the Indianapolis area.

New South Wales Review may Ease Restrictions on Manufactured Home Communities

By / April 26, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan …

New South Wales Review may Ease Restrictions on Manufactured Home Communities Read More

Sunday Morning Recap April 19-April 25 2015

By / April 25, 2015 / Business, Communities, Company News, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, regulation, Stocks, Trends

Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields …

Sunday Morning Recap April 19-April 25 2015 Read More

Manufactured Home Community Owner Yields on In-community Sale of Older Homes

By / April 24, 2015 / Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the …

Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More

Spike in Existing Home Sales Inaccurate

By / April 24, 2015 / Economy, home buyers, Manufactured and Modular Housing News, Trends

Following a story MHProNews posted earlier regarding a significant rise in existing home sales based on numbers of the National Association of Realtors, Dave Kranzler, writing for seekingalpha, says when the numbers are put into a longer range historical context, there is “more sizzle than substance.” Home sales were said …

Spike in Existing Home Sales Inaccurate Read More

Affordable Housing Competition Set for University Students

By / April 24, 2015 / Awards, Factory-Built Homes, Manufactured and Modular Housing News

The Bank of America/Merrill Lynch Low Income Housing Challenge pits eight teams from six West Coast universities against each other to develop affordable housing proposals for potential future development. Now in its 24th year, the goal is to attract undergrad and grad students to be part of the next generation …

Affordable Housing Competition Set for University Students Read More

MHCV Slips, LPX Gains, Airlines Save on Fuel but Fares Remain

By / April 24, 2015 / Business, Manufactured and Modular Housing News, Stocks

The NASDAQ and the S&P 500 hit new closing highs, Comcast stepped back from its attempt to take over Time-Warner, and airlines saved $3.4 billion on lower fuel costs, but passed on only $0.66 savings per fare. The Yahoo Manufactured Housing Composite Value (MHCV) fell -0.22 percent, to close at …

MHCV Slips, LPX Gains, Airlines Save on Fuel but Fares Remain Read More

UMH Closes on Two Manufactured Home Communities

By / April 24, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500 …

UMH Closes on Two Manufactured Home Communities Read More

‘Warren Effect’ Stymieing Financial Regulatory Relief

By / April 24, 2015 / Advocacy, Finance, Legal, Legislation, Manufactured and Modular Housing News, People, regulation

MHProNews has learned from nationalmortgagenews that Rep. Patrick McHenry (R-NC) says the House passed a measure last week that would regulate how points and fees are calculated under the Consumer Financial Protection Bureau’s (CFPB) “qualified mortgage” rule, but Sen. Elizabeth Warren (D-MA) adamantly opposes a similar measure in the Senate. …

‘Warren Effect’ Stymieing Financial Regulatory Relief Read More

Sales of Previously Owned Homes, Purchase Applications on the Rise

By / April 23, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

As the National Association of Realtors (NAR) informs MHProNews, purchases of previously owned homes rose 6.1 percent to a seasonally-adjusted annual rate of 5.19 million, the most in four years, and to the highest level since Sept. 2013. Houses sold on average after 52 days on the market, the quickest …

Sales of Previously Owned Homes, Purchase Applications on the Rise Read More

Sun Communities reports Financials for Quarter ending March 31, 2015

By / April 23, 2015 / Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, RV

From marketwatch MHProNews has learned that Sun Communities, Inc. (NYSE:SUI), for Q1 2015 reports net income attributable to stockholders of $6.9 million, or $0.13 per diluted share as compared to $7.8 million net income for the same period of 2014 with $0.21 per diluted share. Same site net operating income …

Sun Communities reports Financials for Quarter ending March 31, 2015 Read More

Enriched Mobile Homes to be Taxed as Personal Property

By / February 8, 2016 / Business, Communities, Factory-Built Homes, Legal, Manufactured and Modular Housing News, mobile home

A measure which unanimously passed a California state Senate committee would reclassify mobile homes that have added foundations along Malibu’s tony seaside community as personal property, not vehicles, since they are now luxurious homes. In some cases, residents have purchased adjacent lots, and added architectural details, plus the foundations, disguising …

Enriched Mobile Homes to be Taxed as Personal Property Read More

Most Tracked Manufactured Housing Stocks Inch Up, while MHCV Slips

By / April 23, 2015 / Business, Manufactured and Modular Housing News, Stocks

The NASDAQ broke its March 2000 record, Donald Trump criticizes the new Pacific trade deal, Exxon says oil prices will not spike for years, and a Nobel-prize winner says the American Dream is a myth. The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.81 percent, to close at 679.6. Tracked …

Most Tracked Manufactured Housing Stocks Inch Up, while MHCV Slips Read More

New Home Sales Drop in March

By / April 23, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News

According to statistics released by the U. S. Department of Housing and Urban Development and the Census Bureau, the National Association of Home Builders (NAHB) tells MHProNews sales of new single-family homes fell 11.4 percent in March to a seasonally-adjusted annual rate (SAAR) of 481,000 units. “After two robust months …

New Home Sales Drop in March Read More

Manufactured Home Buyer Sues Set-Up Company, Home Seller

By / April 23, 2015 / Business, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

When Joe Strocchia moved his multi-section manufactured home (MH) from the dealer in Indiana to a homesite in Dandridge, Tennessee in April, 2011, he had no idea a knock at the door would bring a host of complex problems that a court will now try to sort out, as wate-tv …

Manufactured Home Buyer Sues Set-Up Company, Home Seller Read More

Firefighters will Occupy Modular Housing during Renovations

By / April 22, 2015 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

MHProNews has learned from tcpalm that firefighters in Stations 1 and 7 in Indian River County, Florida, will be temporarily housed in modular fire stations while renovations are being done on the stations. The county commission has approved spending $199,706 for modular housing on Old Dixie Highway for Station 1 …

Firefighters will Occupy Modular Housing during Renovations Read More

Return on Investment for Manufactured Home Communities Grows

By / April 23, 2015 / Business, Communities, Company News, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …

Return on Investment for Manufactured Home Communities Grows Read More

State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners

By / April 23, 2015 / Advocacy, Communities, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the …

State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More

Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up

By / April 22, 2015 / Business, Manufactured and Modular Housing News, Stocks

The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.21 percent after rising yesterday nearly ten percent, to close at 692.1. Tracked manufactured housing stocks closed mixed or even. Equity Lifestyle Properties moved up the most of tracked stocks, adding +2.31 percent, while Patrick Industries slipped more than other stocks, -1.54 …

Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up Read More

Drew Industries to Release Q1 Financials

By / April 22, 2015 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Drew Industries Inc., parent company of Lippert Components Inc., will release its first quarter financial results before the market opens Tue., May 5, 2015, followed by a conference call later that same day at 11 AM EDT to discuss the results and other business affairs, according to rvbusiness. The question-and-answer …

Drew Industries to Release Q1 Financials Read More

Two Initial Modular Residences Going up with Federal Funds

By / April 22, 2015 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

With funding from the National Foreclosure Settlement and the Neighborhood Stabilization programs, the city of Sterling, Illinois will build two new modular homes, one a single-family home, the other a duplex. The single-family home is 1,536 square feet, and the two-story duplex is 2,032 square feet. Trotter General Contracting in …

Two Initial Modular Residences Going up with Federal Funds Read More

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