A Capital Needs study by the U.S. Department of Housing and Urban Development (HUD) says nearly $26 billion is needed for large scale repairs for the nation’s 1.2 million public housing units. The homes need to be updated in terms of accessibility for disabled residents, plumbing and electrical efficiency, roof …
From Florida, Treasure Coast Palm reports that the Joint Center for Housing Studies at Harvard University says that as the burden of taking care of older and larger homes with large lawns weighs on seniors and aging boomers, they will be seeking single-level homes with better access to shopping, transportation …
The Edmonton Sun reports from Alberta, Canada that modular homes are beginning to replace the 374 homes that were destroyed by a wildfire May 15 in Slave Lake, Alberta, displacing over 7,000 people. Mayor Karina Pillay-Kinnee says she anticipates the town that was 30 percent destroyed will eventually have 400 …
The Louisville Courier-Journal says a Wall Street Journal analysis of mortgage banking in Kentucky shows people had more trouble getting financing in 2010 than in other states. Adam Hall, president of the Mortgage Bankers Association of Kentucky says part of the reason in the rural areas is the existence of …
Study Shows Tighter Lending Restrictions in Kentucky Read More
The Bethlehem Patch reports from Bethlehem, Pennsylvania, that an 11.8 acre lot may soon be home to 59 manufactured homes, 132 parking spaces and a basketball court called Applebutter Village. The developer was granted an extension to July 14 by the Bethlehem Planning Commission to address concerns relating to visitor …
Following up on a story we published here June 21 concerning a federal sprinkler standard in manufactured housing, the Manufactured Housing Authority for Regulatory Reform (MHARR) reports the issue has been tabled. The Manufactured Housing Institute (MHI) amended their “where required” sprinkler system proposal to “not required” June 17. During …
The Dow began the week on an up note, as technology stocks pushed the Dow up 108.98 points to close at 12,043.56. The Manufactured Housing Composite also closed up, gaining .82 percent to close at 1098.60, but housing stocks closed mixed. MSCI gained 1.90 percent, Skyline Corporation moved up 1.70 …
Estelle Victoria Rand, 83, mother of Richard (Rick) Rand of Great Value Homes, Inc., of Milwaukee, Wisconsin, passed away after an extended struggle on June 25. Rick Rand’s Great Value Homes is a well known manufactured home community operator and has been selling factory-built homes since 1984. MHMSM extends its sincerest …
The Fay Observer in Fayetteville, North Carolina, says Fayetteville Area Operation Inasmuch wants to site a modular home to house five homeless people on a lot owned by the city. Using a $3,500 Community Development Block Grant (CDBG), the city demolished a dilapidated house and acquired the lot. Operation Inasmuch, …
Metro News reports from Kenova, West Virginia, in the far western part of the state, that dozens of residents attended a meeting to discuss the relocation of the Kenova Elementary School. Sinkholes created sufficient structural damage to force the school to close. A new modular building will be erected on …
Modular Building Will Replace Structurally Damaged School Read More
Delaware Online reports the Delaware State Senate has voted down a rent control ordinance. The bill would have required land lease community (LLC) owners to obtain approval for rent increases beyond the consumer price index increase the previous year. The approval would come from the Governor’s Advisory Council on Manufactured …
MHMSM.com extends a hearty welcome to the baby daughter and first child of Drew Peters of Manufactured Home Source and his wife, Christine. Kaia Peters was born Wednesday, June 22, in Reno, Nevada. Drew has been President of Manufactured Housing Source (MHS) of Incline Village, Nevada, for seven years. MHS …
MHMSM.com has learned that HME Solar Solutions of the Netherlands has developed a factory-built home with a solar panel roof that will not only function as the sole energy source for the small vacation home, but can combine with other HME homes to generate energy for a community. The entire …
The Dow lost 115.42 points on disappointing news about technology stocks to end the week at 11,934.58, while housing stocks closed mixed. The Manufactured Housing Composite gained 1.61 percent to close at 1089.70. Cavco Industries was up 2.05 percent, Nobility Homes gained 1.25 percent, Skyline Corporation was up 1.23 percent …
Dow Stumbles on Tech Stocks, while Housing Stocks Close Mixed Read More
The Fresno Bee in California reports that residents of two adjacent land lease communities in Clovis, California, will have to pay for road and drainage improvements to their communities. A hearing officer said the community owners of Campus Corral and Arabian Village have complied with the rent control ordinance and …
Residents of MH Communities to Pay for Improvements Read More
Following up on a series of stories we have done about rent control in Oceanside, California, LLCs, the last one being June 14, North County Times reports residents have nearly twice the signatures needed for repeal, or to have a referendum. City Council members who voted successfully to repeal the …
The Palm Beach Post News reports from West Palm Beach that Florida Power & Light Company (FPL) employees, city workers, and volunteers installed energy-saving equipment in 50 Coleman Park modular neighborhood homes. The FPL Makeover Teams visited the first 50 who responded to the mailed solicitation, providing free duct work, …
Fifty Low Income Residents Get Free Energy Upgrades Read More
The Daily Profit Blog reports that two of the top five small cap stocks for June 23 were manufactured housing stocks. Skyline Corporation (NYSE:SKY) gained 7.8 percent, and Cavco Industries (NASDAQ:CVCO) was up 4.8 percent, turning in the third and fourth best performances, respectively, for the day. The report says …
Concurrent to the news from the Census Bureau, LinkedIn reports from Realtor Magazine the median sale price of new homes rose 2.6 percent in May over April, to $222,600. This marked the first time in six months that number has risen. The normal markup of new homes over existing homes …
Origination News says the Census Bureau reports new home sales fell in May to a seasonally-adjusted rate of 319,000, down from 326,000 in April. Sales fell two percent below April, and 13.5 percent below May 2010. IHS Global Insight economist Patrick Newport says new home sales are “stuck at the …
