Updating a story about the reintroduced Preserving Access to Manufactured Housing bill in the U. S. Senate, co-sponsored by Sen. Joe Donnelly (D-IN), CEO Dick Jennison of the Manufactured Housing Institute (MHI) calls Sen. Donnelly a “champion” of the industry. Donnelly has high hopes for this measure which did not …
Sen. Donnelly Foresees Passage of Preserving Access to Manufactured Housing Read More
The Manufactured Housing Institute (MHI) informs MHProNews in its monthly economic report that the 4,942 shipments of HUD Code manufactured homes in January 2015 represents an increase of 14.7 percent over January 2014. MHI reports shipments of single-section homes rose by 28.8 percent over the same month last year, and …
HUD Code Production Rises; Number of Producers Declines Read More
The Yahoo! Finance Manufactured Housing Composite Value gained slightly, +0.62%, to end the day at 593.7, while stocks we cover related to the manufactured housing industry closed mixed or even, with Cavco Corp. gaining the most at +1.91 percent, while Skyline Corp. dropped the most, -2.78 percent. CNNMoney tellls MHProNews …
A professor of hospitality management at the University of South Carolina, Beaufort, is planning on developing 1.6 acres in Bluffton, South Carolina into ten single-family modular homes targeted to young professionals who work in the Old Town area of the city. Sean Barth intends to use three modular home plans …
MHProNews has learned from abladvisor that Capital One Multifamily Finance has arranged a $7.3 million Fannie Mae fixed-rate loan package to refinance Rodeo Mobile Estates, an age-restricted 55+ community of 204 homesites in Soquel, California. “Having operated this seniors community since 1998, the owners wanted to provide funding to maintain …
Capital One Arranges $7.3M Fannie Mae Loan for Manufactured Home Community Read More
The Santa Clarita, California City Council is expected to approve a second hearing on rent increases for residents of manufactured homes following a Feb. meeting that saw dozens of MH residents oppose the minimum increases. Erin Lay, housing program administrator for the city, said one change from the first hearing …
City Council sets Rent Increases for Manufactured Home Communities Read More
Posting the worst day in 2015, the Dow Jones Industrial Average plummeted 332.78 points in today’s trading. Falling oil prices, uncertainty about Chinese manufacturing and falling bank stocks made investors worried. In addition, the dollar is trading at a 12-year high against the Euro—great if you are traveling abroad, but …
Dow Jones Plummets, MHCV drops, most Tracked Stocks Slip Read More
MHProNews has learned from crainsnewyork that a current proposal would allow for more diverse architecture and taller buildings in some New York City neighborhoods, a plus for developers who build modular. Floors in modular units are thicker than on site-built construction and thus require more overall height. In this city, …
The National Modular Housing Council informs MHProNews that 3,573 new modular homes were shipped in the fourth quarter of 2014, an increase of 4.9 percent over shipments for the same period in 2013. Compared to Q4 2013, shipments increased in 17 states, dropped in 15 states, and remained the same …
The Country Lakes Co-Op Inc., a resident-owned manufactured home community in Palmetto, Florida, with 471 homesites, has homes for sale with and without a co-op share. The homes range from $12,000 to about $35,000 without a co-op share, according to Judy Smith who lives here and is licensed to sell …
Resident-Owned Manufactured Home Communities offer Savings Read More
Financial Institutions and Consumer Credit Subcommittee Chairman Rep. Randy Neugebauer (R-TX), evaluating the five-year history of the Consumer Financial Protection Bureau (CFPB), informs MHProNews the agency does not perform in a sustainable manner, lacks transparency and accountability, and is “susceptible to political influence.” He sees value in the agency but …
Rep. Neugebauer Questions Overreach of CFPB without Oversight Read More
Yahoo!Finance informs MHProNews the Manufactured Housing Composite Value dropped -0.77 percent to 595.6, while the Carlyle Group posted the largestt gain and Skyline Corp. fell the most. The Dow Jones Industrial Average lost -106.47 points, -0.58 percent, to close at 18,096.90. The Nasdaq dropped -12.76 points, -0.26 percent to close …
MHVC Slips; MH Stocks Split Pluses and Minuses; Dow Drops 100+ Points Read More
Expanding its base from search engine to broader technological interests, MHProNews has learned from U. S. Modular that Google will use modular construction methods to add 2.5 million square feet onto it’s existing four-million-square-foot campus in Mountain View, California. The tent-shaped glass and metal structures, created by London’s Heatherwick Studio …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code homes producers manufactured 4,969 homes in January 2015, a 12.8 percent increase over the 4,405 homes produced in January 2014. Statistics compiled by the Department of Housing and Urban Development (HUD) reveals this marks the sixth year …
Sydney, Australia’s TEKTUM Ltd. has installed a HOUSE 2.0 on the side of a hill previously thought to be undevelopable because of its location. The drop from the front of the house to the rear is 25 feet. The tailor-made modular home was basically folded up and placed in a …
Financial regulators released the final Qualified Residential Mortgage rule (QRM) definition, intended to limit the risky credit lending that kicked off the housing crisis originally, and dropped the 20 percent down payment requirement that would have necessitated lenders keep five percent “skin-in-the-game.” Instead lenders have to meet the general definition …
The stock market ended the week and October, 2014 on a high—the Dow Jones Industrial Average and the S&P 500 closed at records highs, the Nasdaq hit the highest point since 2000. Dow Jones Industrial Average 17,390.52 +195.10 (+1.13%). Nasdaq 4,630.74 +64.60 (+1.41%). S&P 500 2,018.05 +23.40 (+1.17%). The Yahoo! …
Homegoods retailer Muji in Japan has entered the modular housing business, according to gizmodo.com.au, adding modular homes to its line of 7,500 housewares. Japanese homes last on average 38 years (100 years in U. S.) because people there prefer to tear down existing buildings and build to their own specs. …
Japanese Retailer Muji adds Modular Homes to Homegoods Read More
Frontier Housing, a non-profit affordable housing steward in Morehead, Kentucky that offers factory-built homes as one of its options, is celebrating its 40th anniversary of providing housing solutions in northeastern Kentucky Nov. 15 at the Morehead Conference Center. Following entertainment and dinner, three awards will be announced: the Amanda Yarber …
The 2by4 Architects design firm in the Netherlands has developed a series of three small modular houses, each a little larger than the previous one. The tiny mods have wooden walls, frame and roof. They include an electric heat pump system, as well as optional off-grid components such as a …
Dutch Mini Homes start at $95,000 for Smallest Model Read More
