Noting that it is reasonable for consumers to pause during an economic bubble, Moody’s Investor Services says as mortgage rates and home prices stabilize, home buyers will return to the market to begin satisfying long pent-up demand. Traditionally, as HousingWire reports, homebuilding depends upon new household formation. But because real …
A project to bring more affordable housing to Spencer, Iowa is in the works at the Sioux River Estates manufactured housing community, according to spencerdailyreporter.com. Dave Jacobsen of Jacobsen Homes Corp. says the plan is to replace the aging factory-built homes with either manufactured or modular homes in the spring. …
Manufactured Homes May Replace Aging Factory-builts Read More
The Juneau, Alaska Affordable Housing Commission is set to petition the Juneau City Assembly for low interest loans for down payments on manufactured homes, according to juneauempire.com. The program would allow for multiple loans up to a maximum of $100,000 loaned at any one time. MHProNews has learned if the …
A good monthly jobs report from Washington spurred all three indexes to rise above one percent each as the week drew to a close. CNNMoney reports the Dow Jones Industrial Average gained +167.8 points, +1.08 percent, to close at 15,761.78. The Nasdaq gained +1.60 percent, +61.90 points, to end the …
Liberty Homes Goes Skyward, as all Three Indexes Advance over One Percent Read More
Current sales, prospective buyer traffic and anticipated six-month sales for the 55+ housing market showed continued improvement in the third quarter of 2013 compared to the same period last year, according to the National Association of Home Builders (NAHB) Housing Market Index (HMI). The single-family index rose 14 points to …
Following up on a story MHProNews posted Oct. 31 regarding the acquisition of Spruces Mobile Home Park by the city of Williamstown, Massachusetts and returning it to a natural state because it is in a flood plain, the Board of Selectmen will discuss the drafts of three warrant articles dealing …
City Prepares to Acquire Manufactured Housing Community Read More
Unless the Columbia Mobile Home Park in Columbia, California resolves two outstanding violations within thirty days, it’s license to operate will be suspended and it cannot collect rent or other monies from the residents. According to mymotherlode.com the California Department of Housing and Community Development posted the notice at the …
UMH Properties, Inc. of Freehold, New Jersey announces it has acquired five manufactured home communities (MHCs) consisting of 519 developed home sites for $11,800,000, according to wsj.com. The all-age communities—four in Ohio and one in New York—have an average occupancy of 82 percent, and boost UMH’s portfolio to 74 communities …
A manufactured home that had been used by Innovative Hearth Products (IHP) to showcase their products has been donated by the company in Russellville, Alabama to the Franklin County Sheriff’s Office for use by the Franklin County Drug Unit. IHP will also donate sheetrock and other materials to make the …
Residents of the Hillcrest Mobile Home Park in Middleboro, Massachusetts are perfectly willing to see their site rents bumped from $192 a month to $281: It means long-neglected capital improvements will be undertaken for these residents who are purchasing the community from Morgan MHP Mass, LLC. Morgan had asked for …
While stocks surged earlier in the day sending the Dow to a new high, the three major indexes finished in the red as lackluster earnings from some companies brought down the larger market. CNNMoney reports the Dow Jones Industrial Average fell -152.90 points, -0.97 percent, to close at 15,593.98 The …
Tracked Housing Stocks Mostly Decline; Three Major Indexes Fall Read More
While many buyers of manufactured homes (MH) are more concerned with affordability and, say, the kitchen cabinetry than energy efficiency, the MH industry is offering more energy efficient features that can save the homeowner anywhere from $30 to $70 month. Ronnie Richards, vice president of marketing for American Homestar Corporation, …
Energy Report on “Not Your Grandfather’s Trailer House” Read More
Dublin, Ireland-based Research and Markets, provider of worldwide market research and data, reports the Global Green Building Material market will grow 17.9 percent 2012-2016, especially as more governments become increasingly involved in promoting energy efficiency. MHProNews has learned it is estimated buildings now account for 40 percent of global energy …
Universal Forest Products Makes List of Green Vendors Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says, “The modular business has been pretty good in Iowa. In the second quarter, which is the latest for which we have numbers, we were fourth in sales among 34 states surveyed in growth over the first half of …
MHProNews has learned during a public hearing of the Jourdanton City Council just south of San Antonio, Texas, four requests were made regarding placement of manufactured homes (MH). One was a special use permit to site a manufactured home in a neighborhood zoned for single-family residences. The second and third …
Texas City Council Approves Permits for Manufactured Homes Read More
Speaking before the Miami Association of Realtors International Congress, National Association of Realtors (NAR) Chief Economist Lawrence Yun, referring to home sales, said, “Next year will be about the same as this year in terms of sales activity,” although prices will rise six percent, as a shortage of homes for …
National Association of Realtors: Home Sales Flatline in 2014 Read More
Solid corporate earnings gave a boost to stocks as the Dow closed at a record high in today’s trading. CNNMoney reports the Dow Jones Industrial Average gained +128.66 points, +10.82 percent, to close at 15,746.63. While the Nasdaq dropped -0.20 percent, -7.91 points, to end the day at 3,931.95 while …
Dow Hits New High; Tracked Housing Stocks Close Mixed Read More
As follow-up to a story MHProNews posted Oct. 14, 2013 regarding a neighbor’s request for a green belt street-side screening of a manufactured home community in Preston, Minnesota, the Preston City Council questions its responsibility in the matter. City ordinance requires a 15 foot wide “green belt” around any manufactured …
Green Belt around Manufactured Housing Community not Buckled Read More
According to zerohedge.com, the uptick in home prices is transitory and more due to the Federal Reserve’s support of the economy than with organic growth or stability of consumers, as the homeownership rate is stuck at an 18-year low at 65.1 percent, and rents rise to an all-time high, increasing …
According to YAHOO!Finance, insurance rating firm A. M. Best Co. Inc. has affirmed the financial strength rating of Cavco Industries, Inc.’s (CVCO) subsidiary Standard Casualty Company with an A- (excellent) and issuer credit rating of “a,-” noting that both ratings are stable. Best notes the company’s adequate risk-adjusted capitalization, generally …
