Bean Station, Tennessee-based Norris Homes, a division of manufactured and modular housing industry giant Clayton Homes, recently named Atlantis Homes LLC of Delmar, Delaware as its Independent Retailer of the Year for 2013. Based in Smyrna, DE, Atlantis is family-owned and operated since 2001, and also has model home centers …
Atlantis Homes: Factory-built Housing Dealer of the Year Read More
The stock markets are closed today in honor of Memorial Day. (Photo credit: Wikipedia.org/New York Stock Exchange)
While the Tea Party can trace its origins to anger over the Wall Street bailouts in 2008, the sharp edge for that movement of the Republican Party to the right has been dulled at the polls recently, much to the relief of the banking industry, which sees the shift as …
The Hill-Bankers Sigh-but it’s not the “Iced Tea Party” Read More
According to a filing with the U. S. Securities and Exchange Commission (SEC), at the stockholders meeting of Drew Industries, Inc. held May 22, 2014, the following were chosen as the board of directors: Edward W. Rose, lll, Leigh J. Abrams, James F. Gero, Frederick B. Hegi, Jr., David A. …
The S&P hit a new high, 1900.53, +0.42 percent, +8.04 points as stocks rose modestly to begin the Memorial Day holiday. The Dow Jones Industrial Average moved up +0.38 percent, +63.19 points, to close at 16,606.27, while the Nasdaq gained +0.76 percent, +31.47 points, to end the week at 4,185.81. …
Cavco Gains Most Two Days Running; S&P Hits New High Read More
Thomas Brown, writing on bankstocks.com, reports the Consumer Financial Protection Bureau (CFPB) has jettisoned its personnel review board because on a 1-5 scale whites outscored Latinos who outscored blacks, so it will solve the inequality by paying everyone as a five. As Brown says, “This is no way to run …
Did the CFPB Fail its Own “Disparate Impact” Test? Read More
The topic at the Camarillo (Calif.) City Council turned to rent control as requested by residents of the Lamplighter Mobile Home Park because of their grievances against the owner, Irvine-based Investment Property Group (IPG). Members of the 227 homesite community say the swimming pool area is not kept up and …
City Refuses Request to Adopt Rent Control in MHCs Read More
An ad in The Wall Street Journal advertises a modular home manufacturing company with three plants totaling 260,000 square feet capable of generating $100 million in annual revenue for sale. According to woodworkingnetwork.com, the three facilities turn out modular and panelized homes as well as “building components.” Claiming it is …
A British Columbia, Canada modular company is converting shipping containers into workforce housing for liquified natural gas (lng) workers in far northern BC near the Alaska line. The thousands of workers expected for the developing lng industry will be welcomed with flat screen TVs, computer workstations, floor-to-ceiling windows, air conditioning …
Modular Shipping Containers will House Gas Exploration Workers Read More
The Dow Jones Industrial Average rose modestly +10.02 points, +0.06 percent, to end the day at 16,543.08, while the Nasdaq gained +22.80 points, +0.55 percent to end the day at 4,154.34. CNNMoney informs MHProNews.com the S&P flirted with a new high but eventually settled with a gain of gain +4.46 …
Cavco Posts 4.10 percent Gain; S&P Flirts with New High Read More
Following up on a post MHProNews.com published Feb. 19, 2014 concerning a modular housing project aimed at singles in London, England in need of affordable accommodations, the 100 square foot modular cube costs around $50,000 to build and can be rented for $235 a week—two-thirds less than the going rate. …
Updating a story MHProNews.com posted April 7, 2014 regarding a modular eight-unit affordable housing project in St. Helena, California, the napavalleyegister.com tells us Calistoga Affordable Housing (CAH) still needs to raise $681,000. The project is too small to compete for affordable housing grants. Projected rents are $1,000 for a two-bedroom, …
Modular Housing on Hold: Funding Short, Lawsuit Outcome Unclear Read More
Updating a story MHProNews.com last posted Nov. 22, 2013 regarding Garden Homes Management’s eight-year effort to develop a 113-site affordable manufactured housing community (MHC) in Oxford, Connecticut, the Planning and Zoning Commission denied the application for a second time, according to voicesnews.com. The Inland Wetlands Commission has also turned down …
End of the Road for 8 Year Manufactured Home Community Proposal? Read More
Nicholas Retsinas, director emeritus of Harvard University’s Joint Center for Housing Studies and senior lecturer in real estate at Harvard Business School, has been elected chairman of the board of the Community Development Trust (CDT), the country’s first and largest private real estate investment trust (REIT) which provides capital for …
Community Development Trust Elects Retsinas Chairman Read More
Stocks galloped out of the paddock at the opening bell and continued their steady climb to the finish line as the Dow Jones Industrial Average rose 158.75 points, +0.97 percent, to end the day at 16,533.06, while the Nasdaq gained +34.65 points, +0.85 percent to end the day at 4,131.54. …
Deer Valley, Nobility Spike; Dow Gains Nearly One Percent Read More
The California Manufactured Housing Institute (CMHI) informs MHProNews.com 70 percent of manufactured home sales there are not starter homes but rather second homes or people downsizing to an aging in place residence. Increasingly, people are paying in cash, and, according to CMHI President Jess Maxcy, the trend towards the higher-end …
Manufactured Home Sales Rise 24 Percent in California Read More
Noting the high pace of multifamily housing starts for April, 2014, as MHProNews reported here May 16, 2014, Ted Wieseman of Morgan Stanley says tight mortgage credit will propel new household formation into the rental market and multifamily housing starts will be well above the historical average. The newsletter from …
Multifamily Starts Responds to Rental Market Demand Read More
Following a story we last posted May 16, 2014 regarding 24 affordable modular homes Bluffton, South Carolina will use to replace aging pre-HUD Code homes, the 2015 $19.64 million budget will need an added $100,000 as seed money towards that initiative, as proposed. According to thestate.com, Town Manager Anthony Barrett …
City Garnering Funds for Affordable Modular Housing Read More
Recalling a story MHProNews last posted Jan. 17, 2014 regarding the addition of kindergarten classes to Clayton-Bradley Academy on the grounds of the headquarters of Clayton Homes in Maryville, Tennessee, thedailytimes.com reports pre-school classes have been added, and applications are now being taken for the fall. Children must be four …
Clayton-Bradley Academy Growing Quicker than Expected Read More
The Manufactured and Modular Home Association of Minnesota (MMHA) reports that manufactured home lender and Green Tree Financial founder Larry Coss passed away May 18 after a two-year fight with cancer. He started Green Tree in 1975 and built it into one of the top lenders in the country, selling …
