The Lamar County Board of Supervisors in Mississippi accepted a “Petition for Action” from residents asking that an unzoned area be designated a residential estate district for single family detached dwellings and only one dwelling per lot, according to hattiesburgamerican.com. Placement of a manufactured or modular home on the property …
Manufactured Homes to Require Conditional Use Permits in Mississippi Read More
While investors await word about the Federal Reserve’s policy on interest rates, after gaining 209 points Friday following the positive jobs report, the Dow Jones Industrial Average slipped -0.10 percent, -17.78 points, to land at 16,991.91, while the Nasdaq fell -0.47 percent, -20.82 points to close at 4,454.80. The S&P …
Skyline Nudges up, Cavco Drops, MH Composite Slips Read More
Michigan H. B. 5513 would require a written explanation of the responsibilities of local jurisdictions over manufactured homes (MH) and manufactured housing communities (MHCs), seasonal and year round. The Department of Manufactured Housing needs to notify the local government of a technical bulletin if an MHC is open, or seeking …
State races and federal ruling highlight latest Manufactured Housing Grass Roots Report Read More
Tinker Elementary school on MacDill Air Force Base in Tampa, Florida has 537 students, each of whom has at least one parent in the military, sometimes in a war zone, resulting in special challenges for the children who may be anxious about a parent. Add that children may be uprooted …
Tampa Elementary adding three Class Years, Modular Classrooms Read More
Partnering with a modular building manufacturer, high school students in Vermillion, South Dakota are constructing a housing unit they say could be useful from the cold of the Arctic Circle to the heat of the Gulf Coast. A state grant, according to ksltv.com, will cover the building costs for the …
High School Developing Modular Unit in South Dakota Read More
Modular units originally intended for a large student apartment complex in Waco, Texas will now comprise the first phase of the West Campus Lofts project near Baylor University, according to Warren Hayes of Hayes Modular Group, who has built modular commercial buildings, hotels and barracks around the nation. Built by …
New Modular Apartment Complex will Blend with Historic Architecture Read More
Following a story MHProNews last covered April 7, 2014 regarding a three-unit modular housing development in Ridgefield, Conn., the state department of housing has granted Ridgefield, Connecticut a four year moratorium on applications under the state’s affordable housing plan, 8-30g. This program allows investors to ignore zoning requirements providing 30 …
Connecticut City gets Moratorium on Affordable Housing Construction Read More
While analysts expected the jobs report to indicate 215,000 new jobs had been created in Sept., following the tepid 142,000 in August, the government says 248,000 new jobs were realized in September, more in line with the previous six months (before August) of job growth above 200,000. In addition, according …
New Job Growth, Falling Unemployment: Sufficient to Spur Homeownership Growth? Read More
The economy created 248,000 jobs in September and the unemployment rate fell to 5.9 percent, propelling all three major indexes to gain over one percent. The Dow Jones Industrial Average gained +1.24 percent, +208.64 points, to land at 17,009.69, while the Nasdaq advanced +1.03 percent, +45.42 points to close at …
Liberty Homes Dips Sharply; Dow, Nasdaq and S&P all Gain over One Percent Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews statistics supplied by the Department of Housing and Urban Development (HUD) indicate production of HUD Code manufactured homes reached 5,955 in Aug., a 1.2 percent increase over the 5,886 manufactured n Aug. 2013. Cumulative totals for the year reveal production …
Following up on a story MHProNews posted Sept. 20, 2013 regarding damage to 560 manufactured homes (MH) in Vermont by Tropical Storm Irene in 2011, the Vermont Housing and Conservation Board (VHCB) is funding ten MH by the Vermont Energy Investment Corporation as part of the Manufactured Housing Innovation Project. …
Energy Efficient Manufactured Homes Replace Storm Irene Damage Read More
Following a story MHProNews first posted Sept. 5, 2014 regarding a plan to site 166 modular homes on both sides of the South Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal initially called for four times the density currently allowed by law, but the …
Canadian Modular Housing Development may need Lower Population Density Read More
According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon, …
The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source …
California Home Prices Rising above Affordability for Hispanics Read More
Worried investors are returning to the shelter of gold as the three major indexes remained flat in today’s trading. The Dow Jones Industrial Average slipped -0.02 percent, -3.66 points, to land at 16,801.05, while the Nasdaq nudged up +8.01 points, +0.18 percent to close at 4,430.20. The S&P 500 gained …
MH Composite Advances more than Dow, Nasdaq and S&P 500 Combined Read More
The Mortgage Bankers Association (MBA) reports for the week ending Sept. 26, mortgage applications slipped 0.2 percent on a seasonally adjusted basis from the previous week, while on an unadjusted basis the Market Composite Index (MCI) decreased 0.4 percent. The Refinance Index fell 0.3 percent from the week prior, while …
Mortgage Applications Dip for week Ending Sept. 26 Read More
The Lloydminster City Council in west central Saskatchewan, Canada, just over the line from Alberta, voted for a 97 percent increase for daily manufactured home (MH) licensing fees over the next two years, according to wireservice.ca. The province’s Greens leader, Victor Lau, noting this is sending the wrong message to …
Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down …
Following a story MHProNews has posted recently regarding Cavco Industries, Inc.’s attempt to acquire competitor Elkhart, Indiana-based Skyline Corporation, Indiana’s Control Shares Acquisition Statute makes a hostile takeover difficult. However, if the raider can persuade a majority of non-interested shareholders (meaning everyone besides management, and the raider) to give it …
Control Shares Statute may Protect Skyline from Cavco Read More
While Skyline Corp. of Elkhart, Indiana is determining what suitor, if any, will acquire all or part of the company, founder Art Decio has agreed to donate $20,000 for high definition movie equipment for the Roosevelt Center gymnasium in Elkhart, where he and Mayor Dick Moore played basketball some 60 …
Skyline Founder Art Decio Donates Movie Equipment to Boyhood Gym Read More
