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Connecticut City gets Moratorium on Affordable Housing Construction

Following a story MHProNews last covered April 7, 2014 regarding a three-unit modular housing development in Ridgefield, Conn., the state department of housing has granted Ridgefield, Connecticut a four year moratorium on applications under the state’s affordable housing plan, 8-30g. This program allows investors to ignore zoning requirements providing 30 …

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New Job Growth, Falling Unemployment: Sufficient to Spur Homeownership Growth?

While analysts expected the jobs report to indicate 215,000 new jobs had been created in Sept., following the tepid 142,000  in August, the government says 248,000 new jobs were realized in September, more in line with the previous six months (before August) of job growth above 200,000. In addition, according …

New Job Growth, Falling Unemployment: Sufficient to Spur Homeownership Growth? Read More

Liberty Homes Dips Sharply; Dow, Nasdaq and S&P all Gain over One Percent

The economy created 248,000 jobs in September and the unemployment rate fell to 5.9 percent, propelling all three major indexes to gain over one percent. The Dow Jones Industrial Average gained +1.24 percent, +208.64 points, to land at 17,009.69, while the Nasdaq advanced +1.03 percent, +45.42 points to close at …

Liberty Homes Dips Sharply; Dow, Nasdaq and S&P all Gain over One Percent Read More

Energy Efficient Manufactured Homes Replace Storm Irene Damage

Following up on a story MHProNews posted Sept. 20, 2013 regarding damage to 560 manufactured homes (MH) in Vermont by Tropical Storm Irene in 2011, the Vermont Housing and Conservation Board (VHCB) is funding ten MH by the Vermont Energy Investment Corporation as part of the Manufactured Housing Innovation Project. …

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Killam to Release Q3 2014 Financials

According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon, …

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California Home Prices Rising above Affordability for Hispanics

The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source …

California Home Prices Rising above Affordability for Hispanics Read More

MH Composite Advances more than Dow, Nasdaq and S&P 500 Combined

Worried investors are returning to the shelter of gold as the three major indexes remained flat in today’s trading. The Dow Jones Industrial Average slipped -0.02 percent, -3.66 points, to land at 16,801.05, while the Nasdaq nudged up +8.01 points, +0.18 percent to close at 4,430.20. The S&P 500 gained …

MH Composite Advances more than Dow, Nasdaq and S&P 500 Combined Read More

Mortgage Applications Dip for week Ending Sept. 26

The Mortgage Bankers Association (MBA) reports for the week ending Sept. 26, mortgage applications slipped 0.2 percent on a seasonally adjusted basis from the previous week, while on an unadjusted basis the Market Composite Index (MCI) decreased 0.4 percent. The Refinance Index fell 0.3 percent from the week prior, while …

Mortgage Applications Dip for week Ending Sept. 26 Read More

Canadian City Seeks to Increase MH Licensing Fees

The Lloydminster City Council in west central Saskatchewan, Canada, just over the line from Alberta, voted for a 97 percent increase for daily manufactured home (MH) licensing fees over the next two years, according to wireservice.ca. The province’s Greens leader, Victor Lau, noting this is sending the wrong message to …

Canadian City Seeks to Increase MH Licensing Fees Read More

UMH Properties Declares Stock Dividend

Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down …

UMH Properties Declares Stock Dividend Read More

Control Shares Statute may Protect Skyline from Cavco

Following a story MHProNews has posted recently regarding Cavco Industries, Inc.’s attempt to acquire competitor Elkhart, Indiana-based Skyline Corporation, Indiana’s Control Shares Acquisition Statute makes a hostile takeover difficult. However, if the raider can persuade a majority of non-interested shareholders (meaning everyone besides management, and the raider) to give it …

Control Shares Statute may Protect Skyline from Cavco Read More

Dow Plunges, MH Composite Advances, Skyline Falls Back

The fear among investors may have hit a fever pitch because of ebola, ISIS, Europe’s economy, or protests in Hong Kong, as more stocks have hit 52-week lows as opposed to 52-week highs. It may be the “correction” that some analysts and pundits have bandied about recently. As CNNMoney informs …

Dow Plunges, MH Composite Advances, Skyline Falls Back Read More

Dates Set for Louisville Manufactured Housing Show

The 2015 Louisville Manufactured Housing Show will be held Wed., January 21 through Friday January 23 at the Kentucky Exposition Center near the Louisville Airport. The show has grown each year recently in attendance, number of exhibitors and number of manufactured homes on display, providing a marketplace for builders, developers, …

Dates Set for Louisville Manufactured Housing Show Read More

North Carolina’s Deltec Sites First Net-Zero Home

The Renew Collection of Deltec Homes of Asheville, North Carolina offers homes with net-zero level of efficiency, reducing energy consumption by two-thirds compared to a traditional site-built home, according to sbcmag.info. Featuring double-stud walls, solar panels, triple-paned windows, exterior insulation and fresh air ventilation, their first net-zero home was delivered …

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Japanese Modular Homes Standardized but Warrantied for 20 Years

An architect from Australia visiting modular home manufacturers in Japan notes the factories are similar to automobile assembly lines with many robots, houses moving along assembly lines and technicians doing the jobs the robots cannot. Mathew Aitchison from the University of Queensland says he visited four different companies making modular …

Japanese Modular Homes Standardized but Warrantied for 20 Years Read More

Pending Home Sales Slip a Percent

According to the National Association of Realtors (NAR), the Pending Homes Sales Index (PHSI) slipped 1.0 percent in August to 104.7 from 105.8 in July, and is now below the August 2013 reading of 107.1. Regardless of the slight decline, as the worldpropertychannel.com reports,the index remains above 100 (an average …

Pending Home Sales Slip a Percent Read More

RV/MH Hall of Fame Kicks off New Fundraiser Challenge

During the Manufactured Housing Institute’s (MHI) 78th annual meeting, Darryl Searer, chairman and president of the RV/MH Hall of Fame and Barry Cole, president of MH Insurance Services and past chairman of the Hall, urged assistance from the attendees to help retire the Hall’s debt, which has resulted from prior …

RV/MH Hall of Fame Kicks off New Fundraiser Challenge Read More

Skyline Responds to Cavco’s Letter

In response to Cavco Industries, Inc. attempt to acquire Skyline Corporation following Skyline’s announcement it will spin off its RV division to Evergreen Recreational Vehicles, LLC, as MHProNews reported Sept. 29, cnnmoney.com reports the company’s board of directors issued a statement: “Our Board has established a special committee tasked to …

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Skyline Continues Climbing, as Manufactured Housing Composite Drops

The Dow Jones Industrial Average nudged down for the second straight day, although managing to keep its head above the 17,000 mark, -28.32 points, -0.17 percent, to close at 17,042.90. Both the Nasdaq and the S&P 500 fell -0.28 percent, the Nasdaq dropping -12.46 points, to end the day at …

Skyline Continues Climbing, as Manufactured Housing Composite Drops Read More

Homeownership has Grown Steadily; Rentals are now Surging

In the 20 years from 1991 to 2011, the number of owner-occupied homes grew from 59.8 million to 76.1 million, a gain of 27 percent, while the number of renter-occupied homes rose from 33.4 million to 38.8 million, according to surveys conducted by the U. S. Department of Housing and …

Homeownership has Grown Steadily; Rentals are now Surging Read More

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