According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units for March. Based on data from the U. S. Department of Housing and Urban Development (HUD) and the Census Bureau, sales dropped 21.5 …
Supplier of axles, tires and set-up materials to the manufactured housing industry, T.J.T., Inc. of Emmett, Idaho reports a net profit of $26,655 for the second fiscal quarter of 2014, $0.01 per diluted share, as compared to a net loss of $121,270 for the comparable period a year earlier. Net …
Provider to Manufactured Housing Industry ups Revenue Read More
The annual Oxford, Maine Home Show begins Friday, April 25 along Route 26 with new manufactured and modular home models on display at Schiavi Home Builders, Turn Key Homes of Maine and Twin Town Homes. Billed as the largest show of its kind in New England, Norway Savings Bank, the …
Clayton Homes, Inc. of Maryville, Tennessee has embarked on an effort to encourage owners of older manufactured homes (MH) to trade their home for a new energy efficient MH and avoid potentially costly repairs to an older model. A Clayton Home Center representative will evaluate their current home and the …
Target Logistics, a division of Algeco Scotsman, which already operates a dozen modular mancamps in North Dakota for oilfield workers, recently received an almost $30 million contract to provide accommodations for hundreds more oilfield workers in ND over the next three years. Some energy companies that have operated their own …
Target on Target for another Modular Mancamp in the Bakken Read More
On April 24, the Greater Toronto Area Habitat for Humanity will celebrate the launch of its largest home to date, an eight bedroom modular dwelling for a Portugal family who emigrated to Toronto, Canada. With 12 children, including five who have special needs, Jose and Tanya Costa have worked tirelessly …
Founding father of the New Jersey Manufactured Housing Association Verdon R. Skipper, Burlington, New Jersey, passed away suddenly April 17, age 80. Verdon founded Pine View Terrace, a 55+ manufactured housing community in Browns Mills, NJ in 1966 , and it remains in the Skipper family to this day. In …
Strong earnings coupled with mergers and acquisitions stimulated investors in today’s trading, spurring the three major indexes higher. The Dow Jones Industrial Average gained +65.12 points, +0.40 percent, to close at 16,514.37. The Nasdaq advanced +39.91 points, +0.97 percent, to end the session at 4,161.46 while the S&P 500 moved …
Cavco Nudges up to Lead Tracked Stocks; Nasdaq Gains nearly One Percent Read More
Manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) in releasing its 2014 Q1 financials today, Tuesday, April 22, report revenues of $196.59 million, up from $183.78 million last year, and well above analysts expectations of $178.97 million. First-quarter funds from operations (FFO) rose to $71.4 million, $0.78 per share, …
The Sleepy Hollow Mobile Home Park in Manteca, California, long a sore point in the community with squatters, alleged drug dealing and other nefarious activities going on, is being closed, and according to mantecabulletin.com, will reopen with new modular homes. The 21-site community was adequate and neighborly to some but …
While the Senate Banking Committee is scheduled to hold a markup of the Housing Finance Reform and Taxpayer Protection Act of 2014, which includes securitization for manufactured home loans through a new agency, there is concern over lack of support from liberal Democrats who want more affordable housing provisions. Some …
Measure Favoring Manufactured Home Lending May be Stalled Read More
Following a story MHProNews.com last covered Dec. 17, 2013 regarding Forest City Ratner’s 32-story Atlantic Yards modular housing project in Brooklyn, New York, therealdeal.com reports the completion date of the B2 Tower has now been pushed back to late 2015, instead of June 2014. Shanghai-based Greenland Holding Group, which invested …
Brooklyn’s B2 Modular Tower Delayed; City not Happy Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Department of Housing and Urban Development (HUD) has responded to a Freedom of Information Act (FOIA) request from Sept. 25, 2012 regarding HUD’s expansion of in-plant inspections. MHARR’s staff will pore over the more than one thousand pages to assess …
HUD Responds to Freedom of Information Act Request by MHARR Read More
Thursday, May 1 is “Manufactured Housing Day” at the Puyallup RV Show in Puyallup, Washington sponsored by DeTray’s Custom Housing, Lakeview Meadows, Skyline Homes and Palm Harbor Homes. Promoted through the MHRV (Manufactured Homes Recreational Vehicles) Show Association, and running through Sunday, May 4, there will be seminars on financing …
G&I Homes, Inc. recently took over the former site of Serenity Housing Sales, Inc. in Ballston Spa, New York, joining the company’s other manufactured and modular home sales centers in Utica, Vernon, Brewerton, Whitney Point and Oneonta, according to uticaod.com. As MHProNews.com has learned, G&I has been in business 49 …
Investors returned to the Big Board today, mildly interested following a long holiday weekend, pushing the three major indexes slightly higher in anticipation of hundreds of companies releasing their first quarter financials. The Dow Jones Industrial Average nudged up +40.71 points, +0.25 percent, to close at 16,449.25. The Nasdaq gained …
Louisiana Pacific Adds Three Percent; Nasdaq Edges Up 26.00 Points Read More
Nathan Smith, Chairman of the Manufactured Housing Institute (MHI), tells MHProNews the MHI Government Relations staff, Jason Boehlert and Rick Robinson, have developed a new website to facilitate contacting members of Congress about issues, as well as to learn more about the various issues that impact the manufactured home industry. …
Grand Rapids, Michigan-based modular home dealer Midway Homes is expanding back into the opening of a division selling recreational vehicles (RVs). In business since the 1950s, rvbusiness.com reports Midway did sell RVs at one time but moved into the manufactured and modular home business when RV sales declined. An open …
Real estate investment services firm Marcus & Millichap (M&M), which closed over 6,600 transactions in 2013 with a value of approximately $24 billion, has announced the launch of its new website with quicker access to over $8 billion in listings, better direct connection to 1,300 agents and more information and …
Firm that Sells Land Lease Communities Updates Website Read More
State College, Pennsylvania community members, gathering to discuss the need for affordable housing in the area, suggested modular housing as a means to meet the challenge. A woman who lives in a subsidized housing community says she spent a long time trying to find suitable lodging. “This was the only …
