Writing in idahostatesman, Jerry Brady, a business man and member of Compassionate Boise, having once “snobbishly dismissed” manufactured and modular homes as flimsy and unworthy, now realizes with a shortage of some 10,000 affordable homes in south and south-central Idaho, says, “I can’t do that any longer. If you dream …
Modular Housing Suggested for 10,000 Affordable Housing Shortage Read More
Stocks ended slightly lower, MarketWatch informs MHProNews, dragged by slumping oil prices, while Treasury yields post the largest 2-day decline in a month. The 2016 Presidential Elections are being blamed for a slow down in sales. The dollar weakens, as investors bet the Fed won’t hike rates in 2016. Meanwhile …
Nobility Homes rising, The Carlyle Group slips and Manufactured Housing CV dips Read More
Elkhart, Indiana based Drew Industries (NYSE:DW), a leading supplier of RV and manufactured housing industries components, has announced their second quarter results. According to their August 9th, 2016 SEC filing by Chief Financial Office (CFO) David Smith, their Board of Directors approved a regular quarterly cash dividend of $0.30 per …
Schroder Investment Management Group acquired an additional $2,017,000 worth of Equity LifeStyle Properties (ELS) shares for the quarter ending July 30th, 2016. Finance Daily tells MHProNews that the purchase results in a 2.2% increase over its previous holdings in the REIT (NYSE: ELS) bringing total investment figures up to $15,875,000. …
Management Group Increases Holdings in Equity LifeStyle Properties (ELS) Read More
Jim Weiker at the Columbus Dispatch recently told MHLivingNews about their take on the growing popularity of “Tiny Houses,” and compared them to the manufactured home (MH) market. Factory-built home industry professionals have been aware for years of the trend. Some – like Fairmont’s President Brian Cira – have wondered …
Mainstream newspaper shares the love for MH, compares favorably to trendy Tiny Houses Read More
A new modular apartment building has risen at the corner of Washington and 12th St. in Philadelphia, as philly.curbed informs MHProNews, assembled in one three-day weekend. The luxury apartment building that replaced the old heating and air conditioning store is five stories tall and will have a combination of 50 …
Modular Apartment Building Rises in Three Day Weekend Read More
For the ninth consecutive quarter, builder confidence in the single family 55+ senior housing market has remained in positive territory, reports the National Association of Home Builders (NAHB) to MHProNews. “Builders and developers for the 55+ housing sector continue to report steady demand,” said Jim Chapman, chairman of NAHB’s 55+ …
Both the Democratic and Republican campaigns this year are devoting considerable energy to housing, the cornerstone of the “American Dream,” but both have different approaches to the topic, as dispatch tells MHProNews. Platforms serve more as rallying cries than actual policy initiative, and typically, the Republicans will call for less …
Housing Platforms: Dems say Up the Ante; GOP says Shut Federal Spigot, Throttle Regulators Read More
MHProNews was privy to the August 5th conference call conducted by UMH Properties, Inc. Participants included corporate management, members from UMH’s Board, as well as analysts, advisors and investors familiar with the community and retail segments of the MH Industry. Nelli Madden, Director of Investor Relations hosted the call, as key …
Each first Friday of the month the Labor Department’s Bureau of Labor Statistics issues its jobs report for the previous month—commonly called the U-3 number–an abundance of employment-related data, each of which has a story about the employment scene. While the official unemployment rate held steady at 4.9 percent—called the …
MarketWatch informs MHProNews that the Fed’s job-market index has the first gain of year in July. Consumer spending and income expectations rise. Wal-Mart announces $3.3 billion acquisition of Jet.com. Dow tripped downward, as did the S&P 500 and the NASDAQ. The Dow Jones Industrial Average receded -0.08 percent with a loss of -14.24 …
Skyline 4Q Leaps Skyward, MH Composite Index rallies despite Dow’s slide Read More
Connecticut Property Management LLC has applied with the Belfast, Maine Planning Board to expand the Penobscot Mobile Home Park in Belfast by adding 34 home sites to the existing 21, according to waldo.villagesoup. The city ordinance requires new lots to be a minimum of 6,500 sq ft with at least …
Noting that housing is the number one issue for civic leaders and house seekers in communities around the mouth of the Columbia River, dailyastorian informs MHProNews as the real estate market is regaining strength, consideration should be given to establishing new manufactured home communities (MHC) as a means of providing …
Media in North Coastal Oregon Advocates Manufactured Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Loans – Financing – Mortgages for Manufactured, Modular and Mobile Homes What’s New in Manufactured Housing Industry Professional News Sale of Minn. MHC challenged by Attorney General. Section 8 vouchers can now but MH. Hall of Fame inducts Class of 2016. NC MH …
Sunday Morning Recap-Manufactured Housing Industry News Aug 1-Aug. 7, 2016 Read More
Updating a story MHProNews last posted July 5, 2016 regarding attempts by residents of the Lowry Grove manufactured home community (MHC) in north Minneapolis to forestall the sale of their community because the owner did not offer them first right of refusal before selling it to a developer, the Minnesota …
Minn. Attorney General Files Brief to Halt Sale of Community to Developer Read More
In the news from CNNMoney: Seniors are getting locked out of Social Security. Subway has a new ‘fresh’ logo. American Airlines agrees to double-digit pay raises. Nazi leader Nermann Göring’s gold plated Walther PPK handgun up for auction. U. S. economy hired 255,000 new workers in July, it’s second straight …
Dow Comes Back Strong; MHCV Outgained the Dow, +1.79 percent Read More
Following up on the recent Senate passage of a bill that passed in the House in February – The Housing Opportunity through Modernization Act (HOTMA), posted on MHLivingNews and picked up hundreds of mainstream media outlets and advocacy sites – President Obama signed that bill it into law, as expected. The bill willl allow …
Bill to Use Section 8 Vouchers to Buy Manufactured Home Signed by President Obama Read More
The Hendersonville (North Carolina) City Council approved a special use permit and four variances to redevelop the Whiteside’s Green Acre Mobile Home Park into the Claystone Manufactured Home Park, an age-restricted 55 and older community with 31 home sites, front porches and carports. Whiteside currently has 31 sites but only …
Redevelopment of MH Community in North Carolina Approved Read More
MHProNews has learned from rebusinessonline that Farmington Hills, Mich-based RHP Properties has acquired two manufactured home communities (MHC) in East Hartford, Conn. Both the 263-home site Rivermead Manufactured Home Community and the 199-home site Colonial Manufactured Home Community are all age communities but with a focus on seniors. RHP now …
Elkhart, Indiana-based Drew Industries, Inc. reported consolidated net sales for the second quarter of 2016 increased to $441 million, 22 percent higher than the same period in 2015. “Our operating profit in the second quarter of 2016 improved to more than $59 million, compared to nearly $34 million in the …
Drew Reports Net Sales 22% Above Last Year’s Comparable Quarter Read More
