Following a story MHProNews last published March 18, 2015, regarding Buncombe County, North Carolina officials considering lifting a ban on manufactured homes (MH) in all residential areas of the county, over a dozen residents spoke opposing it at a Board of Commissioners meeting April 7. Although the topic was not …
County Hears from Citizens Regarding Expansion of Manufactured Housing Read More
Distributor of building and component supplies to the manufactured housing (MH) and recreational vehicle (RV) industries, Patrick Industries, Inc. (NYSE:PATK) reports for Q1 2015 net sales increased $53.5 million, 31.3 percent, to $223.4 million from $170.1 million for the same period of 2014. Sales to the MH industry rose 18 …
The former president of Better Built Homes of St. Augustine, Florida has been arrested and now faces eight counts of misappropriating construction funds between $1,000 and $100,000, and one count of larceny. According to staugustine, a release from St. John’s County informs MHProNews William Keith Leary allegedly accepted approximately $500,000 …
Owner of Modular Homes Business Faces Embezzlement Charges Read More
According to thehill, home prices increased as Standard & Poor’s/Case Shiller 20-city index notched a five percent annual gain in February, an increase over the 4.5 percent pace in January, marking 34 months of growth. “Home prices continue to rise and outpace both inflation and wage gains,” said David Blitzer, …
Pope Francis Decries the Pay Gender Gap, the Federal Reserve is not ready to Raise Interest Rates Yet (they have not been raised since 2006) and GDP grew only 0.2 percent in Q1, 2015. The Yahoo Manufactured Housing Composite Value (MHCV) fell more than any of the three major indexes, …
Rick Robinson of the Manufactured Housing Institute (MHI) informs MHProNews that Executive director Frank Bowman, of the Illinois Manufactured Housing Association (IMHA), and his staff drafted SB 1702, convincing the IL Secretary of State’s office that manufactured homes (MH) and park models, while they are vehicles, are non-motorized vehicles. This …
U. S. stocks nudge higher, Twitter tanks, Apple posts record Q2 results, NFL gives up tax exempt status, and Jane Goodall says Sea World should be closed. The Yahoo Manufactured Housing Composite Value (MHCV) gained more than any of the three major indexes, moving up +1.73 percent, to close at …
MHCV Outshines the Dow; Cavco and Patrick Add 4.73 and 2.78 Percent, Respectively Read More
Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc., which supplies components to the manufactured housing and recreational vehicle industries, has acquired Spectal Industries., Inc. of Granby, Quebec, Canada. With production facilities in Canada as well as Tennessee and South Carolina, Spectal manufactures doors and windows for commercial and …
A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan …
New South Wales Review may Ease Restrictions on Manufactured Home Communities Read More
Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields …
Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the …
Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More
The NASDAQ and the S&P 500 hit new closing highs, Comcast stepped back from its attempt to take over Time-Warner, and airlines saved $3.4 billion on lower fuel costs, but passed on only $0.66 savings per fare. The Yahoo Manufactured Housing Composite Value (MHCV) fell -0.22 percent, to close at …
MHCV Slips, LPX Gains, Airlines Save on Fuel but Fares Remain Read More
MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500 …
As the National Association of Realtors (NAR) informs MHProNews, purchases of previously owned homes rose 6.1 percent to a seasonally-adjusted annual rate of 5.19 million, the most in four years, and to the highest level since Sept. 2013. Houses sold on average after 52 days on the market, the quickest …
Sales of Previously Owned Homes, Purchase Applications on the Rise Read More
A measure which unanimously passed a California state Senate committee would reclassify mobile homes that have added foundations along Malibu’s tony seaside community as personal property, not vehicles, since they are now luxurious homes. In some cases, residents have purchased adjacent lots, and added architectural details, plus the foundations, disguising …
Enriched Mobile Homes to be Taxed as Personal Property Read More
The NASDAQ broke its March 2000 record, Donald Trump criticizes the new Pacific trade deal, Exxon says oil prices will not spike for years, and a Nobel-prize winner says the American Dream is a myth. The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.81 percent, to close at 679.6. Tracked …
Most Tracked Manufactured Housing Stocks Inch Up, while MHCV Slips Read More
According to statistics released by the U. S. Department of Housing and Urban Development and the Census Bureau, the National Association of Home Builders (NAHB) tells MHProNews sales of new single-family homes fell 11.4 percent in March to a seasonally-adjusted annual rate (SAAR) of 481,000 units. “After two robust months …
When Joe Strocchia moved his multi-section manufactured home (MH) from the dealer in Indiana to a homesite in Dandridge, Tennessee in April, 2011, he had no idea a knock at the door would bring a host of complex problems that a court will now try to sort out, as wate-tv …
Manufactured Home Buyer Sues Set-Up Company, Home Seller Read More
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …
Return on Investment for Manufactured Home Communities Grows Read More
The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.21 percent after rising yesterday nearly ten percent, to close at 692.1. Tracked manufactured housing stocks closed mixed or even. Equity Lifestyle Properties moved up the most of tracked stocks, adding +2.31 percent, while Patrick Industries slipped more than other stocks, -1.54 …
Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up Read More
