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.

Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up

By / / Business, Manufactured and Modular Housing News, Stocks

The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.21 percent after rising yesterday nearly ten percent, to close at 692.1. Tracked manufactured housing stocks closed mixed or even. Equity Lifestyle Properties moved up the most of tracked stocks, adding +2.31 percent, while Patrick Industries slipped more than other stocks, -1.54 […]

Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up Read More

Drew Industries to Release Q1 Financials

By / / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Drew Industries Inc., parent company of Lippert Components Inc., will release its first quarter financial results before the market opens Tue., May 5, 2015, followed by a conference call later that same day at 11 AM EDT to discuss the results and other business affairs, according to rvbusiness. The question-and-answer

Drew Industries to Release Q1 Financials Read More

Two Initial Modular Residences Going up with Federal Funds

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

With funding from the National Foreclosure Settlement and the Neighborhood Stabilization programs, the city of Sterling, Illinois will build two new modular homes, one a single-family home, the other a duplex. The single-family home is 1,536 square feet, and the two-story duplex is 2,032 square feet. Trotter General Contracting in

Two Initial Modular Residences Going up with Federal Funds Read More

Meeting the Demand of a Rising Singles Population

By / / Economy, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

Since 1940, the number of people living alone in the U. S. has grown from seven percent to over 25 percent, as washingtonpost informs MHProNews. But our housing stock is built for families: Two bedroom starter homes with one bath, three-bedroom family homes with two bathrooms, and apartments designed for

Meeting the Demand of a Rising Singles Population Read More

Fannie Mae’s Manufactured Housing Community Loans Exempt from Caps

By / / Business, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

As the Housing Group at Ballard Spahr informs MHProNews, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are nearing their respective 2015 volume caps. Regulated by the Federal Housing Finance Agency (FHFA), their volume to date may mean their allocation could be exhausted by late summer, 2015. While Fannie

Fannie Mae’s Manufactured Housing Community Loans Exempt from Caps Read More

Portion of Manufactured Home Community may see Commercial Development

By / / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Zoning

Developer Jack Morris bought the Laurelton Mobile Home Park in Brick, New Jersey on Route 88 in 2005 for $3.85 million, and the following year announced plans for redeveloping 21,600 square feet of frontage into retail space. At one point residents withheld rent payments because they felt the management company,

Portion of Manufactured Home Community may see Commercial Development Read More

Manufactured Housing Composite Value Shoots Up While Dow Slips

By / / Business, Manufactured and Modular Housing News, Stocks

The Yahoo Manufactured Housing Composite Value (MHCV) rose +9.34 percent to hit 700.6—a more- than-usual advance, and some time since it has been that high. Tracked manufactured housing stocks closed mixed or even. Sun Communities moved up the most of tracked stocks, adding +1.55 percent, while Skyline slipped more than

Manufactured Housing Composite Value Shoots Up While Dow Slips Read More

Modular Builder Going West

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

Houston-based Aries Building Systems, which produces modular buildings for workforce housing, commercial applications, government, educational, healthcare and industrial sites is expanding westward to open the Pacific Northwest Major Projects Group in Bellevue Washington. Although temporary buildings comprise 20 percent of the Pacific Northwest’s business, it will focus on permanent structures

Modular Builder Going West Read More

City Denies Request to Site Manufactured Homes

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

Aldermen in Pierce City, Missouri have denied Ken Madison’s attempts to replace manufactured homes (MH) on his property because the sites have been vacant over 60 days, and he intends to sue for $25,000 loss of income. Madison originally purchased the manufactured home community and has used it as such

City Denies Request to Site Manufactured Homes Read More

New Affordable Modular Housing Units Proposed for Vermont

By / / Manufactured and Modular Housing News

The Addison County Community Trust has applied to the Waltham Development Trust in Waltham, Vermont for a conditional use permit to allow the trust to install seven modular duplexes on 2.3 acres that once housed the Gervy Trailer Park, as addisonindependent tells MHProNews. A public hearing will be held May 13 to

New Affordable Modular Housing Units Proposed for Vermont Read More

Which is Better Investment: Manufactured Home or Site-built Home

By / / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Responding to a question in coumbusdispatch from a couple regarding the long term investment value of a manufactured home, Ilyce Glink and lawyer Samuel Tamkin, who co-author a column on real estate, reply the most important concern is that the home complies with all federal HUD Code standards, post 1976,

Which is Better Investment: Manufactured Home or Site-built Home Read More

Manufactured Housing Stocks Close Mixed; MHCV Gains

By / / Manufactured and Modular Housing News

 China Stimulates Wall Street Rally, Oil Industry Bleeds More Jobs, U.S Economic Growth Needs Faster Track and Hospitals Pulling Up Stakes, Seeking Greener Pastures. On the Big Board: The Dow Jones Industrial Average advanced +1.17 percent, +208.63 points to end the day at 18,034.93. The NASDAQ gained +1.27 percent, +62.78 points, to close

Manufactured Housing Stocks Close Mixed; MHCV Gains Read More

Patrick to Release Q1 Financials

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from marketwatch that manufactured housing component supplier Patrick Industries, Inc. will release its first quarter 2015 financial results before the market opens on April 30, 2015. The company will conduct a conference call later that same day at 10:00 AM to discuss the Q1 results and other

Patrick to Release Q1 Financials Read More

Nobility Homes now Trading on Over-the Counter Market

By / / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, Stocks

MHProNews has learned from prnewswire that Nobility Homes, a Florida-based producer of manufactured and modular homes for more than 47 years, has qualified to trade on the OTCQX® Best Marketplace under the symbol NOBH. R. Cromwell Coulson, President and CEO of OTC Markets Group, said, “We are proud to welcome

Nobility Homes now Trading on Over-the Counter Market Read More

New Modular Home Dealer Opens In the Heartland

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

A new vendor of modular homes has recently opened in Liberal, Kansas, as MHProNews has learned from leaderandtimes. G&G Homes intends to respond to the local need for quality, affordable housing according to owner Gavin Wright, who has been in the business since he was nine years old, working with

New Modular Home Dealer Opens In the Heartland Read More

Sunday Morning Recap April 13-April 18, 2015

By / / Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation

Sunday Morning Recap April 13-April 18, 2015 The big news of the week is that H. R. 650, The Preserving Access to Manufactured Housing Act, a major effort by the MH industry, finally passed the House. Deer Valley stock plummets one day, skyrockets two days later. In other news, a

Sunday Morning Recap April 13-April 18, 2015 Read More

Competition for Affordable, Energy Efficient Home Set in Virginia

By / / Factory-Built Homes, Manufactured and Modular Housing News, Modular

The Virginia Association of Manufactured and Modular Housing (VAAMHA) tells MHPronews the Virginia Department of Housing and Community Development has announced a competition to design a safe, energy efficient, affordable and accessible home to allow people to age in place in VA. Part of the 2015 Virginia Governor’s Housing Conference

Competition for Affordable, Energy Efficient Home Set in Virginia Read More

Neighborhood Housing Groups Laud Ocwen for Helping Troubled Borrowers

By / / Business, Company News, Finance, home buyers, Manufactured and Modular Housing News

As housingwire informs MHProNews, a number of housing advocacy groups are asking the U. S. Department of the Treasury, the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) to investigate large financial mortgage packagers that are encouraging mortgage servicers to foreclose on borrowers instead of offering

Neighborhood Housing Groups Laud Ocwen for Helping Troubled Borrowers Read More

Dow Plummets as Most Tracked Stocks Drop

By / / Business, Manufactured and Modular Housing News, Stocks

The Dow Jones Industrial Average started the day tumbling and never climbed back up, with stocks all across the world plummeting as concerns grew about margin trading in China and whether or not Greece will pay its debt. Additionally, Bloomberg trading terminals quit in London, and while they came back

Dow Plummets as Most Tracked Stocks Drop Read More

NAHB Appeals to Congress to Ease Credit for Homebuyers and Contractors

By / / Business, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, regulation

The National Association of Home Builders (NAHB) urged federal regulators and Congress to ease tight mortgage standards so that credit worthy borrowers could contribute to a stronger recovery of the housing market. NAHB Chairman Tom Woods testified before the Senate Banking Committee that was examining barriers to obtaining mortgage credit.

NAHB Appeals to Congress to Ease Credit for Homebuyers and Contractors Read More

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