Site development of the first of four modular homes is set for Monday, July 22 in Chambersburg, Penn., with two of the three-bedroom two-story homes ready for occupancy Oct. 1 of this year. The goal of city officials is to encourage affordable homeownership in the Southgate area where millions of …
The housing shortage in Minot, North Dakota has been exacerbated by the Souris River flooding in 2011 and the oil boom in western ND, and extends to Minot State University where a shortage of 75 beds for the coming fall semester exists. Beaver Lodge, modular housing installed in 2011, will …
The definition of a dwelling in the Sussex County Code in southern Delaware is, “A building or portion thereof containing cooking and housekeeping facilities, designed or used exclusively for residential occupancy…,” but it excludes hotels, motels, lodges, tourist courts as well as manufactured housing (MH). An editorial in capegazette.villagesoup asks …
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s third consecutive monthly gain and the highest reading since Jan. 2006. Based on builder perceptions of current home sales, traffic of …
Following two years of uncertainty, the U S. Senate confirmed Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB) by a 66-34 vote. While an outstanding lawsuit questions the original recess appointment of Cordray to the post by President Barack Obama, the confirmation solidifies the director’s position as …
Cordray Confirmed to Head Consumer Financial Protection Bureau Read More
On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs), which would include manufactured home loans. Imposed by the Dodd-Frank Act, mortgage loans are considered to be higher-priced if …
Exemption for certain Manufactured Housing Appraisals on Tap Read More
Mixed corporate results and anticipation of Federal Reserve Chairman’s Ben Bernanke testimony before Congress on monetary policy tomorrow, Wed., July 17 added up to minor losses for the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -32.41 points, -0.21 percent, to close at 15,451.85. The Nasdaq lost …
Indexes Edge Down; Tracked Housing Stocks Close Mixed Read More
Patrick Industries, Inc., manufacturer and distributor of component parts for the manufactured housing and recreational vehicle industries will release its Q2 2013 financials before the market opens July 25, 2013. Based in Elkhart, Ind., Patrick reported a first quarter increase in revenue of 38.4 percent which produced income of $5 …
Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site …
Two California Land Lease Communities Obtain Financing Read More
The Magnolia, Ark. Planning and Zoning Commission has proposed restricting manufactured homes (MH) to R-3 zoning, thereby keeping it out of R-2 and R-1 zoning. The new measure would require amending zoning laws for most of this whole city, located in southwestern Arkansas, as MHProNews has learned, affecting hundreds of …
City Planners Restricting Manufactured Housing Sites Read More
A new development that will feature affordable, manufactured housing is set to rise on Horseshoe Bay South near Spiceland, Texas, just west of Austin. Owner of Austin Star Roofing Taurino Diego bought 163 undeveloped lots that he will build out for manufactured homes, along with realtor partner Dana Martin of …
Affordable Manufactured Housing Community for Texas Read More
Updating a story MHProNews last published May 27, 2013 regarding the plagued Sunset Village manufactured housing community in Glenview, Ill., new owners have purchased the property out of a three-year foreclosure. Former owner Richard Klarchek was sued by Cook County and the state for failing to adequately address water quality …
Real estate bargain-hunter mogul John Bushman of Odessa, Tex. started a used car business in Midland, in 1968 with $1,500. A year later opened he A-1 Homes, selling factory-built homes that grew to 23 locations and later included a factory making manufactured homes. The automobile business also did well, and …
Texas Investor Continues his Manufactured Housing Roots Read More
Following the recommendation made by the Sapulpa Metro Area Planning Commission, the Creek County Commissioners in Sapulpa, Okla. granted a zoning request for manufactured homes to be sited in an area once zoned A-1 agriculture. According to what sapulpaheraldonline tells MHProNews, the change to the RMH-1 status is the most …
U. S. stocks managed tepid gains in today’s trading, as weak retail sales held down investors recent zeal. CNNMoney reports the Dow Jones Industrial Average gained 19.96 points, +0.13 percent, to close at 15,484.26. The Nasdaq rose +0.21 percent, +7.41 points, to end the day at 3,607.49, while the S&P …
Three Major Indexes, Most Tracked Housing Stocks make Modest Gains Read More
A Marine who lost both his legs and his right arm when an improvised explosive device exploded during his tour of duty in Afghanistan will likely be receiving a modular smart home that allows severely wounded veterans to live independently. John Hodge, director of operations with the Stephen Siller Tunnel …
Killam Properties Inc. (TSX: KMP) will release its financial results for the second quarter ending June 30, 2013 on Wednesday, August 7, 2013, after the close of the market. A conference call to discuss the financials will be held on Thursday, August 8, 2013, at 12:00 PM EST. In Toronto …
Lippert Components, Inc., (LCI), a subsidiary of Drew Industries, Inc., has acquired certain assets and the engineering team of Midstates Tool and Die and Engineering, Inc. in Elkhart, Ind. Now renamed Lippert Automation, Tool and Die, the company builds automated equipment, production tooling, and progressive and one-hit stamping dies, and …
Updating a story we last posted Jan 29, 2013 regarding Forest City Ratner’s 32-story modular housing project in Brooklyn’s Atlantic Yards, two trade unions have sued to block the project. The Mechanical Contractors Association and the Plumbing Foundation allege Buildings Department Commissioner Robert LiMandri sidestepped a promise to use only …
In a 2011 survey conducted by the U. S. Census Bureau and the Dept. of Housing and Urban Development (HUD), covering approximately 132.4 million housing units, 90 million are single-family homes, 9.07 million are manufactured homes, and 10.7 million are sited in two to four family buildings. 10.3 million of …
