Following a story MHProNews.com last reported April 17, 2014 regarding the disposition of a modular juvenile detention center on the banks of the Mississippi River in Vacherie, Louisiana, the St. James Parish Council voted to reduce the price from $2.5 million to $1.87 million. State law requires the building must …
Updating a story MHProNews.com last posted Nov. 22, 2013 regarding Garden Homes Management’s eight-year effort to develop a 113-site affordable manufactured housing community (MHC) in Oxford, Connecticut, the Planning and Zoning Commission denied the application for a second time, according to voicesnews.com. The Inland Wetlands Commission has also turned down …
End of the Road for 8 Year Manufactured Home Community Proposal? Read More
Nicholas Retsinas, director emeritus of Harvard University’s Joint Center for Housing Studies and senior lecturer in real estate at Harvard Business School, has been elected chairman of the board of the Community Development Trust (CDT), the country’s first and largest private real estate investment trust (REIT) which provides capital for …
Community Development Trust Elects Retsinas Chairman Read More
Stocks galloped out of the paddock at the opening bell and continued their steady climb to the finish line as the Dow Jones Industrial Average rose 158.75 points, +0.97 percent, to end the day at 16,533.06, while the Nasdaq gained +34.65 points, +0.85 percent to end the day at 4,131.54. …
Deer Valley, Nobility Spike; Dow Gains Nearly One Percent Read More
The California Manufactured Housing Institute (CMHI) informs MHProNews.com 70 percent of manufactured home sales there are not starter homes but rather second homes or people downsizing to an aging in place residence. Increasingly, people are paying in cash, and, according to CMHI President Jess Maxcy, the trend towards the higher-end …
Manufactured Home Sales Rise 24 Percent in California Read More
Noting the high pace of multifamily housing starts for April, 2014, as MHProNews reported here May 16, 2014, Ted Wieseman of Morgan Stanley says tight mortgage credit will propel new household formation into the rental market and multifamily housing starts will be well above the historical average. The newsletter from …
Multifamily Starts Responds to Rental Market Demand Read More
Following a story we last posted May 16, 2014 regarding 24 affordable modular homes Bluffton, South Carolina will use to replace aging pre-HUD Code homes, the 2015 $19.64 million budget will need an added $100,000 as seed money towards that initiative, as proposed. According to thestate.com, Town Manager Anthony Barrett …
City Garnering Funds for Affordable Modular Housing Read More
Recalling a story MHProNews last posted Jan. 17, 2014 regarding the addition of kindergarten classes to Clayton-Bradley Academy on the grounds of the headquarters of Clayton Homes in Maryville, Tennessee, thedailytimes.com reports pre-school classes have been added, and applications are now being taken for the fall. Children must be four …
Clayton-Bradley Academy Growing Quicker than Expected Read More
The Manufactured and Modular Home Association of Minnesota (MMHA) reports that manufactured home lender and Green Tree Financial founder Larry Coss passed away May 18 after a two-year fight with cancer. He started Green Tree in 1975 and built it into one of the top lenders in the country, selling …
MHProNews.com has learned from RVBusiness.com that Lippert Components of Elkhart County, Indiana reports it now has the capability through its Howe, Indiana facility to offer custom chassis for manufactured homes as well as to build any steel storage rack, carrier, frame or trailer. Chuck Bell, LCI vice president of chassis …
News that traditional retailers are suffering in the sales column drove the Dow Jones Industrial Average down -137.55, -0.83 percentage, to end the trading day at 16,374.31, while the Nasdaq fell -0.70 percent, -28.93 points, to close at 4,096.89. CNNMoney informs MHProNews.com the S&P lost -12.25 points, -0.65 percent, to …
Nobility Homes Gains, UFPI Falls, Dow Drops 137 Points Read More
Writing in thehill.com blog, Doug Ryan, director of Affordable Homeownership for Corporation for Enterprise Development (CFED), says the manufactured housing industry is trying to sabotage perfectly good Consumer Financial Protection Bureau (CFPB) regulations that protect buyers of MH from high-priced loans, through promoting its Preserving Access to Manufactured Housing Act …
For $5.9 million you can buy a manufactured home, the only man made structure on this 266-acre rural Arizona property that once had gold prospectors exiting the 25 miles of tunnels with nuggets as big as potatoes in the late 1800’s. The Octave Mine once supported the entire town of …
While tampabay.com writer Drew Harwell pounds owners of manufactured housing communities (MHCs) for taking advantage of people of limited means—”Mobile home parks charge homeowners every month to rent their square of dirt and concrete,” he says, which is not exactly complimentary of the residents either, because “they can’t afford to …
Writer Slams Manufactured Housing Communities but Residents Love Life Read More
Gloucester Township in Camden County, New Jersey will soon have three temporary modular units for homeless military veterans, according to nj.com. The Home of the Brave is a partnership between the county and Volunteers of America, which will manage the 30-bed shelter. MHProNews has learned they intend to begin housing …
Robert Calhoun bought Sunrise Mobile Home Park in Goose Creek, South Carolina in the 1970’s and expanded the home sites from 102 to 325, added a swimming pool and a gated section, and lost only three of the property’s 115 live Oak trees, as the area grew up around him. …
Factory-Built Homes Returning in Charleston, South Carolina Read More
Updating a story MHProNews.com last posted April 16, 2014 regarding the Stack, a 28-unit modular apartment building in the Inwood section of New York City, therealdeal.com reports the city’s first modular development is now leasing. Designed by Gluck+ and developed by Kimberly Frank and Jeffrey Brown, the 56 modules were …
New York City’s First Modular Apartments Ready to Lease Read More
While news of the devastating 2010 earthquake in Haiti has disappeared from the headlines, efforts continue to re-build homes for the many left homeless. A recent effort by architect Nader Khalili and Cal-Earth involves filling polypropylene bags with earth, sand, clay, water and fibrous materials like sticks and straw to …
Tech stocks rallied, not on the news of AT&T’s reported near $50 billion acquisition of DirecTV, but due more to TripAdvisor and NetFlix, which helped the Nasdaq move up +0.86 percent, +35.23 points, to close at 4,125.82. CNNMoney informs MHProNews.com the Dow Jones Industrial Average nudged up 20.55 points, +0.12 …
On the CBS Sunday Morning show segment May 18, the commentator -Mark Straussman – interviews a man standing in a manufactured housing community (MHC) in Santa Fe, New Mexico, who refutes the stigma often attached to residents, saying, “That is totally unfair, these are really good people, hard-working people you would …
