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.
MHProNews has learned from multihousingnews that Largo Group of Cos. has arranged a $33 million financing package for six manufactured home communities (MHC). Four of the communities account for $16.65 million of the total, and are comprised of 565 homesites. They are: An eighty-acre development in Raleigh, North Carolina comprised […]
Largo Secures Financing for Manufactured Home Communities Read More
Developers of a modular laminated wood and cork home tell MHProNews it can be set right on the beach and withstand hurricane winds up to 180 MPH. Mario Espeneira and Owen Healy of the Dutch company, Cubicco, say the house costs $116,000 and meets Miami-Dade County standards for high velocity
Modular Home will withstand 180 MPH Beachfront Winds Read More
MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015. Drew is a supplier of components
Drew Board Authorizes Special Dividend for Shareholders Read More
For its first quarter ending Jan. 31, 2015, Nobility Homes reports sales increased 35 percent to $5,576,800 over $4,137,438 for the same quarter of 2014. Gross profit was $1,172,769 for Q1 2015 versus $745,530 for the same period 2014. First quarter income from operations for 2015 equaled $424,820 as compared
Sales, Income Increase Marks Nobility Homes First Quarter 2015 Read More
The Manufactured Housing Composite Value (MHCV) moved up nicely in today’s trading, advancing +1.10 percent to end at 618.7, comparable to the Big Board’s day. While Wall Street waits for word from the Federal Reserve’s meeting Tuesday and Wednesday to see if interest rates will start to rise again, according
MHVC Advances; Most tracked Manufactured Housing Stocks Fall Read More
The National Association of Home Builders (NAHB) informs MHProNews that builder confidence for for newly-built, single-family homes dropped two points in March on the NAHB/Wells Fargo Housing Market Index (MHI), hitting the lowest point in eight months. NAHB Chief Economist David Crowe and Chairman Tom Woods, noting the index remains
Builders of Stick-Built Homes Indicate Slight Confidence Drop Read More
In another of a series about the quality of life and inexpensive living in a manufactured home in Florida, Scott Burns of dallasnews tells MHProNews that among the Tuscan-style villas along the Gulf Coast are resident-owned manufactured home communities. He notes a 5 acre community, Cortez Park, with 79 homes,
Budget-Conscious Couple Live part-time in Manufactured Home Community Read More
Modular homebuilder Shorten Homes was on the front lines of the housing market when it imploded, selling nearly 200 homes in 2007, dropping to just over 20 homes the following year. When many other businesses went belly up, thetimes-tribune tells MHProNews, Shorten turned loose of 75 percent of its sales
Tightening Belt Saved Modular Homebuilder from Closing Read More
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers MHARR Objects to DOE Energy Standards for Manufactured Housing Dow Slides Again, MHCV Slips, Skyline Advances RVIA Honors RVIC/IMHA Director Mark Bowersox UMH Properties Reports Sustained Growth for Q4 2014 Modular Hotel for Brooklyn being Built in Poland Indicators of New
Sunday Morning Recap–March 9 to March 13 Read More
After the manufactured home of Mary and Dick Deweese was sited on a homesite at the Worthington Arms Manufactured Home Community in Lewis Center, Ohio, it began sliding towards a creek that ran beside it, according to what 10tv tells MHProNews. Dick Deweese said he has to put tape around
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers Read More
The Department of Energy (DOE) Request for Information (RFI) dealing with the DOE’s development of manufactured housing energy standards and subsequent Solar Heat Gain Coefficient for MH has elicited a strong response from the Manufactured Housing Association for Regulatory Reform (MHARR). MHProNews has learned MHARR has objected to the DOE
MHARR Objects to DOE Energy Standards for Manufactured Housing Read More
Oil fell to $45 a barrel, according to what CNNMoney tells MHProNews, sending the Big Board on a see-saw trajectory of highs and lows for the week, as the Dow Jones Industrial Average fell 145.91 points, -0.82 percent, to 17,749.31. The NASDAQ dropped 21.53 points, -0.44 percent to end the
Dow Slides Again, MHCV Slips, Skyline Advances Read More
MHProNews has learned from rvbusiness that Mark Bowersox, executive director of the Recreational Vehicle Indiana Council and the Indiana Manufactured Housing Association (RVIC/IMHA), has been honored by the Recreation Vehicle Industry Association (RVIA) with the National Legislative Award. Bowersox was recognized for his leadership in addressing the Department of Housing
RVIA Honors RVIC/IMHA Director Mark Bowersox Read More
In the company’s year end and Q4 conference call, UMH’s president and CEO Samuel Landy says the company acquired 14 manufactured home communities (MHC) comprised of 1,600 developed homesites for $42.6 million, representing an increase in home sites of 12 percent. In addition, UMH acquired an MHC in Erie, Pennsylvania
UMH Properties Reports Sustained Growth for Q4 2014 Read More
A 254-room modular pod hotel slated for the Williamsburg section of Brooklyn, New York will be built in Poland and shipped to the city later this summer, according to what rew-online tells MHProNews. Developer Charles Blaichman, working with Waterbridge Capital and Irongate Development, says he picked Polcom Modular because of
Modular Hotel for Brooklyn being Built in Poland Read More
In a sign that the home-building industry is set for a busy spring season, John Burns Real Estate Consulting Inc. reports a survey of home builders indicates Feb. 2015 sales were up 12 percent from the same month last year. Gains were strongest in the West and Northwest, he says
Indicators of New Home Sales Rise for 2015 Read More
The Clayton Homes manufacturing facility in Rutledge, Tennessee has become the first homebuilder among members of the Manufactured Housing Institute (MHI) to receive the ISO 14001 Certification. This achievement is based on reducing waste through the recycling of building materials and lowering energy consumption. According to Wikipedia, ISO 14001 sets
Clayton Homes Reaches International Standard for Reducing Waste and Energy Usage Read More
The Yahoo! Finance Manufactured Housing Composite Value climbed +3.30%, to end the day at 613.30, while stocks we cover related to the manufactured housing industry all closed up or even, with UFPI gaining the most at +3.71 percent. CNNMoney tellls MHProNews the Dow Jones Industrial Average regained some of the
MHCV Rises; Dow Recovers Lost Ground, All Tracked Stocks Gain or Remain Even Read More
According to rejournals, Capital One Multifamily Finance arranged for a $9.5 million fixed-rate loan to refinance Burkhart Ridge Mobile Estates, a 306-homesite manufactured home community in Howell, Michigan, near Detroit. The ten-year loan has one year of interest-only payments and a 30-year amortization. Damon Reed, director of MHC finance for
Capital One Scores another Manufactured Home Community Refinance Read More
MHProNews has learned from Andy Gallagher, executive director of the West Virginia Housing Institute (WVHI), that prominent speakers will grace this year’s WVHI convention, June 22-24, to be held in Roanoke, WV at the Stonewall Resort. Pamela Beck Danner, the Department of Housing and Urban Development’s (HUD) administrator for manufactured
Manufactured Housing Head, Pamela Beck Danner, to Speak at W.VA. Convention Read More
