News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
In manufactured housing news, L. A. “Tony” Kovach defines path to revitalize the MH industry, while one MH supplier picks new head, another MH producer closes, HUD Code production continues rising, MHC reverting to stick-built homes, Cavco seeks tax abatement, AZ MHC closing, Sen. Donnelly and MHI’s Jennison defend H.R. …
MHProNews has learned from kota tv that Magnolia Homes in Gering, Nebraska has closed its doors, and area development officials are looking for a new tenant. Citing large job losses and difficult finance problems in North Dakota due to the drop in oil prices, owner Harry Karsten sent a letter …
In his fourth installment on General Manufactured Housing Industry Topics, MHProNews and MHLivingNews publisher L. A. “Tony” Kovach says getting Realtors ® involved in the sale of manufactured homes can be a mutually profitable proposition. “We believe there is obvious value in having real estate agents who already know manufactured …
Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship Read More
In the CNN News: U. S. gains 280,000 jobs in May, now totaling over one million jobs on the year; OPEC refuses to cut oil production, and consumers expanded their borrowing last month by $20.5 billion. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.08 percent, to end …
Champion Home Builders, Inc. of Troy, Michigan announced today that Keith Anderson, interim CEO since Jan. 2015, has been named President and CEO of the producer of manufactured and modular homes and commercial buildings. Having joined the company’s Board of Managers in 2013, he served as president and CEO of …
Falling to the lowest level since Q1 2012, the average down-payment for single-family homes, condos and townhouses purchased in the first quarter dropped to 14.8 percent of the purchase price, a slight decrease from 15.2 percent the previous quarter and 15.5 percent a year ago, according to what RealtyTrac tells …
Drop in Down Payment Signals Uptick in First-time Home Buyers Read More
Manufactured Home (MH) and Recreational Vehicle (RV) community owner Sun Communities, Inc. (NYSE:SUI) of Southfield, Michigan has declared a quarterly distribution of $0.65 per share of common stock for Q2 2015, payable July 17, 2015 to shareholders of record as of June 30, 2015. The company’s board of directors also …
Sun Declares Dividends on Common and Preferred Stocks Read More
The Manufactured and Modular Home Association of Minnesota informs MHProNews its 2015 Spring Conference kicks off the evening of June 8 in Plymouth, MN with an outdoor reception. Workshops during the Conference include: 2015 Session Update and Special Session Manufactured Home Sales, Required Forms, Laws, Installation Standards, and Licensing Reqirements …
MHLivingNews and MHProNews publisher L.A. “Tony” Kovach follows the time line formation of renter households versus homeowner households, from the New Deal’s attempts to increase homeownership in 1933 to present day attempts, correlating Fannie Mae and Freddie Mac expansion with economic programs, artificially induced interest rates and subsidies to stimulate …
The phone at the Home Center rings or a customer walks in and asks for information about “trailer houses” or “mobile homes,” phrases which smack of thin walls and floors, cheap paneling, fire traps, unsafe, low rent occupants, etc., imagery that goes back nearly 40 years. Returning to that era, …
In the CNN News: Greece fails to meet its IMF financial obligations, legal marijuana business is boosting Denver housing market, China is hoarding cheap oil in a fleet of supertankers, and IMF says Fed should not raise interest rates until next year. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …
Dow Drops One Percent; Most Manufactured Housing Stocks Fall Read More
MHProNews has learned from logandaily the 2015 manufactured home (MH) tax statements for Hocking County, Ohio have been mailed. Diane Sargent, Hocking County Treasurer, says closing date for MH is Fri., July 31, 2015. Payments postmarked after the due date may be subject to penalty. The treasurer’s office is now …
The 80-100 residents at Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona will have to relocate by January following the purchase of the land last year for over $3 million by MHP Scottsdale LLC, led by developer Ryan Hartman, according to azcentral. While many of the residents …
Arizona Manufactured Home Community will be Repurposed under New Ownership Read More
Capital One’s Manufactured Housing Finance has engineered a $5.9 million Fannie Mae fixed-rate loan to refinance Rio Plaza Mobile Home Estates (MHC) in King City, California. MHProNews has learned from multihousingnews the community is located in Monterey County 50 miles southeast of Salinas. The 110 homesite all age manufactured home …
Through a series of interviews with manufactured housing industry professionals, politicians and consumers and a bevy of statistics and graphs, MHLivingNews and MHProNews publisher L. A “Tony” Kovach documents the pitfalls and stumbling blocks that prevent manufactured housing from becoming a major player in meeting the growing need for affordable, …
The Path to the Rebirth of the Manufactured Housing Industry Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that, based on statistics released by the Department of Housing and Urban Development (HUD), HUD Code production for April, 2015 hit 6,085 homes, a 7.6 percent increase above the 5,653 produced in April, 2014. Total production for the year is …
HUD Code Production of Manufactured Homes Continues Climbing Read More
In the News: U. S. and world economies slowing down, OPEC barrels over U.S. oil markets, China is beating U. S. in health research, and FIFA President sepp Blatter resigns Post, and ADP says 201,000 jobs were added to the private sector last month. Meanwhile, the Yahoo Manufactured Housing Composite …
Nobility Plummets -6.94%; MHCV Again Out paces Dow Read More
Australian modular builder Ecoliv built a show home for the 2014 Sustainable Living Festival, according to treehugger. It features numerous green attributes including a vertical garden at the front entryway, a dry-tolerant garden fed with greywater and water cachement, a 2 kilowatt grid-connected solar system and solar hot water, electric …
“Hispanics are one of the fastest growing demographics, and their prospects for homeownership and what they will seek from communities in a lot of ways will reflect the outlook for the entire country,” says Louise Keely, president of the non-profit think tank The Demand Institute, a joint operation of The …
Burgeoning Hispanic Demographic presents Opportunities for Manufactured Housing Read More
MHProNews has learned Dowling Construction Co. in Oshkosh, Wisconsin lost its entire 25-person construction staff in 2008 in the wake of the housing bubble. The company was not able to hire anyone until they brought on two employees last year; they are now up to five workers, and have branched …
Changing Housing Market Leads Company to Modular Homes Read More
