The Obama administration estimates American households will each save $750 this year because of lower gasoline prices, but they are not spending that money anywhere else, as consumer spending was flat in February, and retail sales actually declined. Since wages are basically flat, Americans may be reluctant to spend. The …
MHCV Outperforms Dow; Consumers Saving their Gasoline Savings Read More
MHProNews has learned from NASDAQ that Sun Communities, Inc. has closed on the $256.2 million deal for seven manufactured home communities comprised of 3,130 homesites, and 60 percent of which are age-restricted communities. Ninety-six percent of the sites are occupied, and there are 380 additional sites that could be developed. …
Sun Closes on Orlando area Manufactured Home Communities Read More
A proposed manufactured home (MH) development for 70 MH in the town of Oneonta, New York has run into stiff opposition from 100 people who have signed petitions opposing Hemlock Village. The 29 acres would need a zoning change from residential-agricultural, which requires one home per acre, to Planned Development …
Residents have Garnered Signatures Opposing Manufactured Home Community Read More
The first section of a solid wood, eight-story modular apartment building has been completed in Puukuokka, Finland, offering affordable eco-friendly housing with some extruded balconies and some recessed, and windows stretching from floor to ceiling, giving a sense of openness and light to the units. Made of larch wood, the …
A ten percent hike in site rents at Wild Meadows manufactured home community (MHC) in Dover, Delaware was ruled unjustified by an arbitrator appointed by the Delaware Manufactured Home Relocation Authority. The December Corporation, manager of the MHC, sought to raise site tents from $437.15 to $482.89 on 185 member …
Site Rent Increase Denied at Manufactured Home Community Read More
Manufactured and modular home (MH) and Park Model recreational vehicle (RV) producer Champion Home Builders, Inc. has entered into a licensing agreement with RV maker Winnebago Industries, Inc. (NYSE:WGO) to manufacture a line of Park Model RVs. Champion will introduce the first Park Model RV at Winnebago’s Dealer Days in …
Champion to Partner with Winnebago for RV Park Models Read More
The Dow Jones Industrial Average slipped -0.44 percent in today’s trading, -77.94 points to close at 17,698.18. Meanwhile, the Nasdaq dropped -0.42 percent, -20.66 points to close at 4,880.23, while the S&P 500 similarly lost, -0.40 percent, -8.20 points to finish at 2,059.69. The Yahoo! Finance Manufactured Housing Composite Value …
The RV/MH Hall of Fame is seeking nominations for the Class of 2016. The Selection Committee will receive nominations from all recreational vehicle (RV) and manufactured housing (MH) sectors, including dealers, campgrounds, manufacturers, retailers, trade media, associations, user groups. As rvbusiness informs MHProNews, to be eligible the nominee must be, …
According to what newsobserver reports from North Carolina regarding deadly tornadoes, “While the perception might be that tornadoes target trailers, the reality is that manufactured housing is the least safe place to be in severe weather, second only to an automobile. It’s just that simple.” In fact, it is not …
Article on Manufactured Homes and High Winds Gets it Wrong Read More
While investopedia sets the record straight in noting “mobile homes” were built before HUD Code standards were established n 1976, it nevertheless uses the term in the article’s title: “Are Mortgages Available for Mobile Homes?“ It does use the correct phrase in the article. It says 32 percent of manufactured …
Twisting Terminology about Manufactured Home Financing Read More
In addressing a critical housing shortage in McCook, Nebraska, the city council approved a plan for non-profit Prairie Gold Homes to train Department of Correction inmates in constructing modular homes as infill throughout the town. The McCook Work Ethic Camp (WEC) attracted the attention of Lincoln, NE-based Prairie Gold which …
A proposal to develop twenty acres of vacant land at the Kotzin Ranch just outside Tusayan, Arizona is set for affordable housing and will likely include manufactured housing. According to what grandcanyonnews tells MHProNews, the acreage is located at the southern tip of the Grand Canyon National Park, and the …
The Dow Jones Industrial Average fell 3.7 percent in January, advanced 5.6 percent in February and dropped two percent this month. Today it returned to see-saw much like two weeks ago, dropping 200.19 points in today’s trading after gaining 263 points, 1.5 percent yesterday, according to what CNNMoney tells MHProNews. …
Nobility Homes Surges; MHCV, most Tracked Stocks Drop Read More
The National Association of Realtors (NAR) tells MHProNews their Pending Home Sales Index, based on contract signings, rose 3.1 percent in Feb. to 106.9 from a revised Jan. index of 103.7, 12 percent above last Feb.’s mark of 95.4. (An index of 100 represents an average level of contract activity.) …
Pending Home Sales, First-time Homebuyers Rise in Feb. Read More
MHProNews has learned from nationalmortgagenews a recent report by Zillow states that population growth has outpaced the growth of housing in many areas across the country, especially affordable housing. The cities that are in step have either experienced low population growth or have maintained a steady growth of new housing. …
Drew Industries, Inc. Chief of Financial Operations (CFO) Joseph S. Giordano III sold 19,500 shares of Drew stock on the market March 24, according to a filing with the Securities and Exchange Commission (SEC). According to what dakotafinancialnews tells MHProNews, the stock was sold at $64.75 per share, totaling $1,262,625.00. …
MHProNews has learned from mtsandard the Butte-Silver Bow Planning Board in Montana voted 5-0 that no more pre-HUD Code homes (MH) be allowed to site in the county, although those already existing would be grandfathered in and allowed to stay. MH built between 1976, when the federal government mandated construction …
Montana County Tightens Restriction on Manufactured Homes Read More
According to rvbusiness, Phoenix-based Cavco Industries, Inc. has acquired Chariot Eagle, Inc. of Ocala, Florida, a manufacturer of Park Model recreational vehicles (RVs) and manufactured homes. This will add to Cavco’s current line of park model RVs, and extend the company’s each into the southeastern U. S. Cavco’s CEO and …
Cavco Industries Acquires RV and Manufactured Home Producer Chariot Eagle Read More
The Dow Jones Industrial Average surged 263 points in today’s trading for three reasons, according to what CNNMoney tells MHProNews. The first is the high investors are riding based on Federal Reserve’s Chairwoman Janet Yellen saying the economy is not strong enough for interest rates to be raised. Secondly, the …
Deer Valley Skyrockets +116.67 percent; MHCV up, Dow Surges Read More
MHProNews has learned from townhall.finance that based on the U. S. government’s data, from 1984 to 2013, Americans have increased their household share of annual expenditures on housing, life insurance, pensions, education, health care and charitable contributions. Meanwhile, the per household share spent on transportation, apparel, food and alcoholic beverages, …
