Manufactured and Modular Housing News

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.

One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers

By / May 20, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

MHProNews has learned from CNNMoney the top housing markets for buyers are where the inventory is fuller and houses tend to remain on the market for a longer time, giving more opportunity for bargaining strategies. Philadelphia, Cleveland, Chicago, Miami-Fort Lauderdale, Providence, Detroit and Pittsburgh are strong buyer markets, according to …

One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers Read More

Homeownership still Less Expensive than Renting

By / May 19, 2015 / Economy, home buyers, Manufactured and Modular Housing News, Trends

According to a report by Trulia, on a national level homeownership is 35 percent cheaper that renting, up from 33 percent last year. While home prices have risen a little more than rents, lower mortgage rates provide a financial advantage to home buyers. The top five markets where buying provides …

Homeownership still Less Expensive than Renting Read More

Deer Valley Skyrockets; Colonel Sanders Squawking Again

By / May 19, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news: Walmart’s bottom line hurt by wage hike, airbag maker Takata responsible for the recall of 34 autos, KFC is resuscitating Colonel Sanders, more bankers willing to break the law to get ahead, and Lane Bryant is buying Ann Taylor’s dresses for $2.1 billion. Meanwhile, the Yahoo Manufactured …

Deer Valley Skyrockets; Colonel Sanders Squawking Again Read More

Aries Moving on Modular in North Carolina

By / May 19, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

The Texas modular construction company, Aries Building Systems, is expanding into the North Carolina market where it intends to bid on government and school projects that have traditionally gone to general contracting firms. Currently in negotiations with several private firms for projects in the Triangle region of NC, Aries will …

Aries Moving on Modular in North Carolina Read More

Fleetwood Snags Two Year Australian Deal

By / May 18, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

According to au.news.yahoo, the Fleetwood Corporation will produce manufactured homes for Gateway Lifestyle to populate its 36 manufactured home communities in Queensland, New South Wales and Victoria, in Australia. The announcement of the two-year contract, with a possible two-year extension, moved the share price up 7.87 percent. MHProNews has learned …

Fleetwood Snags Two Year Australian Deal Read More

Housing Market, including Manufactured Homes, tight in East Texas

By / May 18, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

Speaking of the housing market in Smith County’s Tyler, Texas, realtor Amy Montayne says, “It’s getting crazy now. There are just so many people moving to Tyler, migrating here from other states and big cities. It’s exciting, but we’re working ourselves to death. It’s a very, very competitive market.” According …

Housing Market, including Manufactured Homes, tight in East Texas Read More

MHCV Outpaces the Dow, Most Manufactured Housing Stocks Advance

By / May 18, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news: China is the biggest holder of U. S. debt, kids do better in school if they leave their smartphones at home, Netflix shares hit $600, and American Pharoah will likely earn much more for stud fees than for winning races. Meanwhile, the Yahoo Manufactured Housing Composite Value …

MHCV Outpaces the Dow, Most Manufactured Housing Stocks Advance Read More

Builder Confidence for New Homes Slips in May

By / May 18, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News

According to the National Association of Home Builders (NAHB) Wells Fargo Index, builder confidence for newly built single-family homes has fallen four out of the last five months, dropping to 54 this month from 56 in April. Any number above 50 indicates builders regard conditions as good. According to bloomberg, …

Builder Confidence for New Homes Slips in May Read More

Proposal would Add Modulars to Housing Stock

By / May 18, 2015 / Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

According to a proposal in North Platte and Lincoln County, Nebraska titled “Project Shot in the Arm for Housing,” to help ease a housing shortage, DEVCO (Development Corporation of North Platte) has applied for a $172,000 grant in Quality Growth Funds (QGF), which would be matched by DEVCO to incentivize …

Proposal would Add Modulars to Housing Stock Read More

Although in Commercial Zone, Manufactured Homes would be Replaced

By / May 17, 2015 / Legal, Manufactured and Modular Housing News, Manufactured Homes

The city commissioners in Polk City, Florida are proposing to amend the city’s land development code to protect manufactured homes as well other residences in case they are damaged or destroyed in the future. Since the area is zoned C-2, general commercial, the current code would not necessarily allow homes …

Although in Commercial Zone, Manufactured Homes would be Replaced Read More

Sunday Morning Recap May 11-May 16, 2015

By / May 16, 2015 / Awards, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Zoning

ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …

Sunday Morning Recap May 11-May 16, 2015 Read More

Manufactured Home Community has Right to Re-rent Homesites

By / May 15, 2015 / Advocacy, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

The Mississippi Supreme Court upheld an appeal’s court ruling which gives the Cleveland Mobile Home Park in Richland, MS the right to re-rent vacated homesites in the manufactured home community (MHC). The city of Richland wanted to reduce density in the MHC, arguing homesite re-use was non-conforming and therefore in …

Manufactured Home Community has Right to Re-rent Homesites Read More

Property Tax Rolled Back in Manufactured Home Community

By / May 15, 2015 / Canada, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

When David Sims received his property tax statement recently from the city of Raymond, Alberta, Canada, he was outraged that his yearly payment had increased from $411 to $1,111. Living on a fixed government pension in a manufactured home community (MHC) of 32 homes, his MH was assessed at three …

Property Tax Rolled Back in Manufactured Home Community Read More

S&P 500 Sets New High; MHCV Nudges Up

By / May 15, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news: Netflix gains 4.5 percent, American icon Avon declining, activist investor Carl Icahn investing $100 million in ride-sharing company Lyft, and Honda recalls five million cars because of air bag problem. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.38 percent, to close at 666.1. Manufactured housing …

S&P 500 Sets New High; MHCV Nudges Up Read More

Arizona Manufactured Home Community Sold

By / May 15, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from azbigmedia that the Last Chance Mobile Home Park in Phoenix Arizona was sold April 27, 2015 for $855,000 to a local private investment firm. John Sheedy with Park Brokerage, Inc. represented the buyer and seller for this 40 homesite all-age manufactured home community in north Phoenix. …

Arizona Manufactured Home Community Sold Read More

Manufactured Home Siting Approved, but Owners Yield to Residents’ Suggestions

By / May 15, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Bud and Tiffni Graham’s plans to install manufactured homes received approval from the Planning and Zoning Commission in Bandera, Texas, just northwest of San Antonio, as bccourier tells MHProNews. Although sited in the floodway of the Medina River, the homes were to be placed on pilings to remain above a …

Manufactured Home Siting Approved, but Owners Yield to Residents’ Suggestions Read More

Scotland Considering Modular Homes for Health Workers

By / May 15, 2015 / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular

With 15,000 on the house waiting lists in Aberdeenshire and 5,000 on the list in Aberdeen, the Aberdeen City Council in Scotland is considering installing modular homes, called ‘pop-ups’ because of the speed with which they can be erected, to draw key workers to the North East. Aberdeenshire Council leader …

Scotland Considering Modular Homes for Health Workers Read More

FHFA Stretches Multifamily Affordable Housing Lending Categories

By / May 14, 2015 / Business, Communities, Economy, Finance, Legal, Manufactured and Modular Housing News, Manufactured Homes

Both of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, operate under a $30 billion cap for purchases of multifamily loans, according to costar. Since they each hit $10 billion in the first quarter, they would max out by the third quarter, leaving no available funds to finance deals …

FHFA Stretches Multifamily Affordable Housing Lending Categories Read More

Manufactured Housing Industry Objects to Ohio Legislation

By / October 20, 2015 / Advocacy, Communities, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation before the Senate Finance Committee. Of particular concern in the state budget bill (HB 64) is the requirement that, if a water system is …

Manufactured Housing Industry Objects to Ohio Legislation Read More

Manufactured Home Community Refinanced by Fannie Mae

By / May 14, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

Commercial real estate lender Hunt Mortgage Group has provided a $4.5 million Fannie Mae loan facility to refinance Terra Vista Manufactured Housing Community in Tucson, Arizona, as digitaljournal tells MHProNews. Founded in 1970, the age-restricted (55+) community is comprised of 129 homesites set on 14.5 acres with no permanent structures …

Manufactured Home Community Refinanced by Fannie Mae Read More

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