MHProNews.com has learned from RVBusiness.com that Lippert Components of Elkhart County, Indiana reports it now has the capability through its Howe, Indiana facility to offer custom chassis for manufactured homes as well as to build any steel storage rack, carrier, frame or trailer. Chuck Bell, LCI vice president of chassis …
News that traditional retailers are suffering in the sales column drove the Dow Jones Industrial Average down -137.55, -0.83 percentage, to end the trading day at 16,374.31, while the Nasdaq fell -0.70 percent, -28.93 points, to close at 4,096.89. CNNMoney informs MHProNews.com the S&P lost -12.25 points, -0.65 percent, to …
Nobility Homes Gains, UFPI Falls, Dow Drops 137 Points Read More
Writing in thehill.com blog, Doug Ryan, director of Affordable Homeownership for Corporation for Enterprise Development (CFED), says the manufactured housing industry is trying to sabotage perfectly good Consumer Financial Protection Bureau (CFPB) regulations that protect buyers of MH from high-priced loans, through promoting its Preserving Access to Manufactured Housing Act …
For $5.9 million you can buy a manufactured home, the only man made structure on this 266-acre rural Arizona property that once had gold prospectors exiting the 25 miles of tunnels with nuggets as big as potatoes in the late 1800’s. The Octave Mine once supported the entire town of …
While tampabay.com writer Drew Harwell pounds owners of manufactured housing communities (MHCs) for taking advantage of people of limited means—”Mobile home parks charge homeowners every month to rent their square of dirt and concrete,” he says, which is not exactly complimentary of the residents either, because “they can’t afford to …
Writer Slams Manufactured Housing Communities but Residents Love Life Read More
Robert Calhoun bought Sunrise Mobile Home Park in Goose Creek, South Carolina in the 1970’s and expanded the home sites from 102 to 325, added a swimming pool and a gated section, and lost only three of the property’s 115 live Oak trees, as the area grew up around him. …
Factory-Built Homes Returning in Charleston, South Carolina Read More
Updating a story MHProNews.com last posted April 16, 2014 regarding the Stack, a 28-unit modular apartment building in the Inwood section of New York City, therealdeal.com reports the city’s first modular development is now leasing. Designed by Gluck+ and developed by Kimberly Frank and Jeffrey Brown, the 56 modules were …
New York City’s First Modular Apartments Ready to Lease Read More
Tech stocks rallied, not on the news of AT&T’s reported near $50 billion acquisition of DirecTV, but due more to TripAdvisor and NetFlix, which helped the Nasdaq move up +0.86 percent, +35.23 points, to close at 4,125.82. CNNMoney informs MHProNews.com the Dow Jones Industrial Average nudged up 20.55 points, +0.12 …
On the CBS Sunday Morning show segment May 18, the commentator -Mark Straussman – interviews a man standing in a manufactured housing community (MHC) in Santa Fe, New Mexico, who refutes the stigma often attached to residents, saying, “That is totally unfair, these are really good people, hard-working people you would …
The four manufactured housing stocks with the highest revenue, as MHProNews.com has learned from benzinga.com, are Cavco Industries, Inc. (NASDAQ:CVCO) that had a trailing-twelve-month revenue of $510.96 million with an operating revenue of 5.75 percent. With a gross profit for the same period of $11.46 million, Skyline (NYSE:SKY) reports a …
Benzinga: Cavco, Deer Valley, Nobility and Skyline have Highest MH Revenue Read More
While the Bon Ayre manufactured home community in Smyrna, Delaware advertised residents were not liable to pay real estate taxes, the community sent out invoices December 2013 billing them for taxes from 2006, up to $291 each, MHProNews.com has learned. After receiving complaints from residents, the attorney general’s Consumer Protection …
Manufactured Home Community Ordered to Make Restitution Read More
According to marketwatch.com, Cavco Industries, Inc. will release its financials for Q4 of its fiscal year 2014 on Thurs., May 22 after the close of the market. Discussion of the results by senior management will take place in a live webcast the next day, Fri., May 23 at 12:00 PM …
Duck Dynasty star of the Arts & Entertainment (A&E) hit reality show, Willie Robertson, will become the voice of Clayton Homes, as MHProNews has learned. Part of the company’s “Enjoy Life” campaign, CEO Kevin Clayton says, “Our company has a tradition of hard work and homegrown values. Willie Robertson is …
Willie Robertson: Duck Call Star will be Voice of Clayton Homes Read More
Consumer sentiment fell in May, but a strong April housing start report buoyed what has been a volatile week on the stock market, putting a positive spin on the week’s end. CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 44.5 points, +0.27 percent, to end the week at …
The jump in multifamily housing starts for April of 39.6 percent is the fastest pace for this housing sector since Jan. 2006, and helped propel total housing starts to 1.07 million units, a 13.2 percent increase over March, according to figures released by the Department of Housing and Urban Development …
Regarding Freddie Mac’s decision to begin purchasing and securitizing manufactured housing community (MHC) loans as MHProNews.com posted here May 1, 2014, costar.com reports these will be commercial loans made to the community owners. David Brickman, Freddie Mac Multifamily executive vice president, said, “Manufactured housing communities are an affordable housing option …
Following a story MHProNews.com posted May 6, 2014 regarding a proposal to replace pre- HUD-Code homes in Bluffton, South Carolina with new affordable modular models, islandpacket.com supports the project but with reservations. Noting the city got in over its financial head with a $1.2 million previous plan that replaced dilapidated …
The Texas Manufactured Housing Association (TMHA) informs MHProNews.com that new and used manufactured home title changes rose +21.57 percent Feb. over Jan. this year, increased +1.19 percent over Feb. 2013, and the year-to-date percentage change from the same time last year rose +0.31 percent. For new titles the change from …
Texas Manufactured Housing Title Changes Reported for January to February Read More
Calling it “the bears coming out from hibernation,” CNNMoney tells MHProNews.com days after hitting new highs, the Dow Jones Industrial Average dropped -167.16 points, -1.01 percent, to close at 16,446.81, while tech-heavy Nasdaq lost -31.34 points, -0.76 percent, to end the day at 4,069.29. The S&P dropped -17.68 points, -0.94 …
Deer Valley Plummets, Sun Rises just above Horizon; Dow Loses a Percent Read More
Governor Deval Patrick took up a shovel to participate in a groundbreaking ceremony for a housing project in Chelsea, Massachusetts, at 44 Gerrish Ave. that will include a new modular unit along with the rehabilitation of the Standard Box building for 41 market rate apartments and five affordable rentals, already …
Modular Building part of Massachusetts Affordable Housing Program Read More
