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.
The skyline in Natick, Mass. just west of Boston is being altered by a three-story, 12-unit modular apartment building that will have a stucco siding. The 27 modules were manufactured in an Excel Homes facility in Pennsylvania, and will be assembled in three days, according to metrowestdailynews. The units have …
Lake Forest, Ill.-based private equity real estate investment firm Green Courte Partners, LLC announces the acquisition of two all-age land lease communities in southern Maine. Incorporating 483 home sites, MHProNews has learned Town & Country Village in Lisbon and Maplewood Manor/Merry Meeting in New Brunswick will be managed by American …
Green Courte Adds Two Communities to its Portfolio Read More
Updating a story MHProNews published July 3, 2013 regarding the anticipated closing of the Dallas West Mobile Home/RV community set for Aug. 31, current owner Cienda Partners has extended the final date to Jan. 31. Hispanic rights activist Carlos Quintanilla, representing the residents, had asked for $8,500 relocation allowance for …
Residents Offered Relocation Costs as Community Sets to Close Read More
Updating a story MHProNews last published Feb. 15, 2013 regarding a freeze on rents residents of Easton Mobile Home Park won in Easton, Mass. in 2005, and then lost in 2011 when the freeze expired, community residents may see a rent control bill passed in the Mass. legislature that they …
The Housing and Redevelopment Authority (HRA) in Northfield, Minn. intends to purchase and demolish five pre-HUD Code homes in Florella’s Park that have been abandoned for many years, and will also begin the same process for six additional homes. The HRA had to appear in court with the manager of …
While the S&P/Case-Shiller national home price index of the 20 largest markets remains 24.4 percent below the peak of June 2006, it rose 12.2 percent in May above May 2012, the largest year-over-year increase since March 2006. April 2013 rose 12.1 percent over April 2012. A year ago homes that …
Investors continue to cautiously wait for the Federal Reserve’s report tomorrow (July 31) following their two-day policy meeting. Even though housing prices continue to rise, the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average edged down -1.38 points, -0.01 percent, to close at 15,520.59. The Nasdaq …
Three Major Indexes Barely Move; Most Tracked Housing Stocks Fall Read More
As part of housing finance reform, the House Financial Service Committee passed a measure that will eventually eliminate Fannie Mae and Freddie Mac and pass the job of bundling most mortgages into marketable securities to private investors. Under the Protecting American Taxpayers and Homeowners (PATH) Act, the government would supervise …
Florida-based manufactured home producer Nobility Homes (NOBH) may become a good turnaround stock buy as baby boomers age and look for inexpensive housing in Central Fla. Currently saddled with a large inventory of new and pre-owned homes, Nobility has been run by CEO Terry Trexler since 1967, and with his …
Portable home generators are often used during prolonged power outages, especially due to extreme weather occurrences. A study simulating carbon monoxide (C0) levels in detached and manufactured housing commissioned by the U. S. Consumer Product Safety Commission (CPSC) reveals that a generator that operates for 18 hours in a house …
Manufactured Housing Residents May be at Risk using Generators Read More
Sales of factory-built housing are increasing in Manitoba, Canada as first-time buyers and those reaching retirement seek affordable housing. The Modular Housing Association reports annual sales of modulars nearly doubled from 260 units in 2007 to 492 homes in 2012 for the entire province. Sales of manufactured housing through the …
The Portland (Maine) Housing Authority is planning a 42-unit modular apartment building to provide housing for individuals and families who earn between $18,000 and $45,000 a year. With rents ranging from $535 to $1,000 a month, the $7 million project, Bayside Anchor, will be financed with federal tax credits. Projects …
City to Build Modular Multifamily Affordable Housing Read More
An electrical explosion and resulting fire at a Palm Harbor Homes facility in Fort Worth, Tex. sent a worker to the burn unit at Parkland Memorial Hospital in Dallas, Monday, July 29. He was conscious and alert when he was transported by helicopter ambulance after the electrical panel exploded and …
While the Census Bureau says home ownership is at its lowest point in 15 years, Harvard University’s Joint Center for Housing Studies reports “After across-the-board declines in 2011, all major house price indexes registered significant increases in 2012.” As documentation, the Center says the March 2013 median house price was …
Center for Housing Studies says Housing Recovery is Real Read More
Investors stepped back from the dance floor today anticipating the Federal Reserve may announce it will begin to pare its bond buying in September, causing the three indexes to slide slightly. CNNMoney reports the Dow Jones Industrial Average edged up +3.22 points, +0.02 percent, to close at 15,558.83. The Nasdaq …
Major Indexes Slide, most Tracked Housing Stocks Drop, but Nobility Rises Read More
The reality TV show “Duck Dynasty” about the backwoods family who started a lucrative duck call business and has now hooked up with Clayton Homes perpetuates the stereotype of people who live in manufactured homes (MH) as “rednecks,” an image the industry is trying to dispel. Kirk Walker of The …
A proposed law in the Massachusetts Legislature, MA H1116, would provide out of court dispute resolution and require water, septic and sewer inspections at each home, something the residents say is needed, but owners say it could sink them. Costing $300-$500 per septic tank, and nearly as much for the …
City councilors in Campbell River, British Columbia, Canada are encouraging the creation of manufactured housing communities and have set up a study to identify properties that might be developed as a viable and affordable housing option. Prompted by petitioners who are being forced out of communities where owners are seeking …
Council Calls for more Manufactured Housing Communities Read More
The Department of Housing and Urban Development (HUD) has published a proposed ground anchor testing and installation rule for manufactured housing in the July 26, 2013 edition of the Federal Register. The proposal would adopt recommendations made by the Manufactured Housing Consensus Committee to determine ground anchor performance. Since there …
HUD Issues Ground Anchor Proposal for Manufactured Homes Read More
The CEO and owner of Harold’s Easy Livin’ Homes in Abingdon, Vir., William Harold Stapleton, 83, passed away at his home July 24, 2013. Called a “Living Legend of the factory-built home industry,” Mr. Stapleton earned numerous awards as the number one dealer of the companies he represented, and always …
