home buyers

Lenders Fined, Lose FHA Approval Status for Manufactured Home Lending Fraud

By / August 11, 2015 / Business, Company News, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Two Texas mortgage lenders who were “engaged in a scheme to charge bogus fees to consumers, which improperly inflated mortgages for borrowers purchasing newly constructed manufactured housing,” agreed to settlements with the Department of Housing and Urban Development’s (HUD) Mortgagee Review Board (MRB), according to themreport. For violations of the …

Lenders Fined, Lose FHA Approval Status for Manufactured Home Lending Fraud Read More

Modular Home Construction can Realize Cost Savings

By / August 11, 2015 / Factory-Built Homes, Finance, home buyers, Manufactured and Modular Housing News, Modular

According to cbsnews, there are many advantages of a modular home, especially versus a stick-built. Energy bills are lower because of the tight-fitting seams and state-of-the-art windows, which also earned them a reputation for being able to better withstand natural disasters. Because the home is made inside and delivered in …

Modular Home Construction can Realize Cost Savings Read More

Sunday Morning Recap-Manufactured Housing Industry News Aug. 2-Aug. 9, 2015

By / August 8, 2015 / Awards, Business, Communities, Company News, Factory-Built Homes, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Paul Simon, Singing Homeward Bound, Doing Good Work and MH The Hybrid Core – A Different Style Factory Home-Building Process What’s New in Manufactured Housing Industry Professional News HUD Code Production Continues Rising. RV/MH Hall of Fame Inducts Class of 2015. Positive End …

Sunday Morning Recap-Manufactured Housing Industry News Aug. 2-Aug. 9, 2015 Read More

Monitors Measure Energy Use in Energy Efficient Modular Home

By / August 7, 2015 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

A company focused on energy efficiency, Ibacos, allied with developer Elliot Fabri Jr.’s EcoCraft Homes, a modular home buildern to erect an infill home on Pittsburgh’s north side. Thirty built-in monitors measure the levels of heat, humidity and CO2 levels, according to triblive. The home uses small, high efficiency heating …

Monitors Measure Energy Use in Energy Efficient Modular Home Read More

UMH Releases Q2 2015 Financials

By / August 7, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Manufactured home community (MHC) operator UMH Properties, Inc. (NYSE:UMH), in posting its 2nd quarter financial results for 2015, reported $0.12 earnings per share, missing analysts consensus estimate of $0.16 by $0.04, according to prnewswire. Net operating income from community rose 18 percent to $8.8 million for Q2 2015 as compared …

UMH Releases Q2 2015 Financials Read More

Aging Population with Insufficient Retirement Funds Leads to Manufactured Home Community

By / August 6, 2015 / Advocacy, Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

According to what progress tells MHProNews, there are several macro trends in the U. S. that could drive demand for manufactured home community (MHC) living. The aging population, according to the Census Bureau, consisting of 76 million baby boomers, nearly a quarter of the population, many of whom do not …

Aging Population with Insufficient Retirement Funds Leads to Manufactured Home Community Read More

Cavco Industries Reports Financials for First Fiscal Quarter of 2016

By / August 6, 2015 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

In its report of first quarter 2016 financial results, Cavco Industries, Inc. (NASDAQ:CVCO) says net income per share, based on basic and diluted weighted average shares outstanding, was $0.61 and $0.60 respectively, as compared to $0.65 and $0.64 for the same quarter 2014. According to cnnmoney, net revenue for Q1 …

Cavco Industries Reports Financials for First Fiscal Quarter of 2016 Read More

Modular Slowly Making Inroads in Australia’s Residential Projects

By / August 5, 2015 / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, Trends

As the modular industry innovates to meet housing affordability head-on, widespread acceptance of the product is being hampered by the way banks lend on residential development, according to businessnews.au in Australia. Modular techniques offer up to 40 percent time savings on construction, lower energy bills for buyers of modular homes …

Modular Slowly Making Inroads in Australia’s Residential Projects Read More

HUD Code Production Continues Rising

By / August 5, 2015 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

The Manufactured housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics released by the Department of Housing and Urban Development (HUD) indicate production of HUD Code homes for June, 2015 rose 7.8 percent above June, 2014 production to 6,062 homes over last year’s 5,624 homes. On the year, HUD …

HUD Code Production Continues Rising Read More

Manufactured Home Builder Oakwood Sells former HQ

By / August 4, 2015 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

MHProNews has learned from bizjournals the former Oakwood Homes corporate headquarters in Greensboro, North Carolina has been sold to Stanley Benefits Services for $8.1 million, which will occupy 30,000 square feet of the 130,000 square-foot building. Oakwood, a builder of manufactured and modular homes with locations around North Carolina, vacated …

Manufactured Home Builder Oakwood Sells former HQ Read More

Nigeria Using Modular Methods to Construct Inexpensive Housing

By / August 4, 2015 / Business, Company News, Economy, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

MHProNews has learned from thisdaylive that Alpha Mead Development Company (AMDC) has announced its plans to lower the entry level for middle income home buyers in Nigeria, using a modular building system. AMDC is one of the Strategic Business Units of Facilities Management Company, Alpha Mead Facilities & Management Services …

Nigeria Using Modular Methods to Construct Inexpensive Housing Read More

Modular Container Home built Inexpensively

By / August 6, 2015 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

A couple in Costa Rica wanted to build a home inexpensively on their land outside San Jose, the capitol, and hired architect Benjamin Garcia Saxe, who transformed two 40-foot shipping containers into a 1,075 square-foot modular home for $40,000. Named Containers of Hope, Saxe stated, “The key factor was cost, …

Modular Container Home built Inexpensively Read More

Virginia Manufactured Home Shipments similar to 2014

By / August 3, 2015 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

MHProNews has learned from the Virginia Manufactured and Modular Housing Association (VAMMHA) the state statistics for manufactured home (MH) shipments for June 2015 were comparable for June 2014. Last year, VA had 88 MH shipments—38 single-section, 50 multi-section—for a total of 139 floors versus 88 MH shipments this June—40 single-section, …

Virginia Manufactured Home Shipments similar to 2014 Read More

Manufactured Home Numbers Remain Stable in North Carolina County

By / August 3, 2015 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

In response to a question posed by a reader of citizen-times in Asheville, North Carolina, MHProNews has learned Buncombe County, the county seat where Asheville is located, has 20,681 manufactured homes with a tax value of $476.7 million. Writer John Boyle said the number has not changed much from 2004 …

Manufactured Home Numbers Remain Stable in North Carolina County Read More

Florida Realtor expects Baby Boomers will Drive Manufactured Home Sales

By / August 3, 2015 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

Port Orange, Florida’s Triangle Realty has managed to survive nearly 30 years of the economy’s up and downs by diversification. Owner Bob Marandino deals in manufactured homes (MH), residential sales and condos and property management, according to news-journalonline. “When one area is down another is up. We’ve been successful and …

Florida Realtor expects Baby Boomers will Drive Manufactured Home Sales Read More

Sunday Morning Recap-Manufactured Housing Industry News July 26-Aug. 2, 2015

By / August 1, 2015 / Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Art Linkletter and Manufactured Housing today Maintaining Quality and Strength While Saving Homebuyers Money – Inside MH Video with Mike Stone, part 2 What’s New in Manufactured Housing Industry Professional News Texas city lifts ban on MH after show of strength by industry …

Sunday Morning Recap-Manufactured Housing Industry News July 26-Aug. 2, 2015 Read More

A Fresh Approach to Dealing with Foreclosures

By / August 1, 2015 / Business, Finance, home buyers, Manufactured and Modular Housing News

A study conducted by Hannah Thomas, a senior analyst with ABT Associates, correlated foreclosure data, criminal activity and property value loss with the role of mortgage servicers in two Boston neighborhoods, according to housingwire. Thomas interviewed real estate agents, real estate lawyers and foreclosure auctioneers, and examined foreclosure sales data …

A Fresh Approach to Dealing with Foreclosures Read More

Tampa OpEd Calling for Fairness and Respect Resonating with Manufactured Home Industry

By / July 31, 2015 / Advocacy, Business, Communities, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

An OpEd in Tampa’s tbo entitled Fairness and Respect for Florida’s Manufactured Home Owners  has put a local focus on the OpEd in thehill in which MHLivingNews and MHProNews publisher L. A. “Tony” Kovch notes the unintended consequences of the Dodd-Frank Act that make lending on manufactured homes valued at or …

Tampa OpEd Calling for Fairness and Respect Resonating with Manufactured Home Industry Read More

Pending Home Sales Fell in June

By / July 30, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI), pending home sales declined in June, for the first time in 2015, following five straight months of increases. As themreport informs MHProNews, the drop was -1.8 percent in June to 110.3, but remains 8.2 percent above the …

Pending Home Sales Fell in June Read More

Modular Homes Still Rising in Wake of Hurricane Sandy

By / July 27, 2015 / Business, Company News, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

Many people have likely forgotten Superstorm Sandy, as the third anniversary of that devastating storm that ripped up the Eastern Seaboard approaches, but in Connecticut, Westchester Modular Homes of Fairfield County has opened an office in Bethel, CT to continue dealing with the victims of that storm. As courant informs …

Modular Homes Still Rising in Wake of Hurricane Sandy Read More

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