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.
A sinkhole on a bridge at the Pine Haven manufactured housing community in Marietta, GA left residents who relied on the only vehicular access to the community stranded on Monday, June 17. Some residents needing to go to work relied on cabs or friends to take them; others waited for […]
Bridge Collapse Strands Community Residents Read More
The Vinton County Treasurer’s Office in McArthur, Ohio reports taxpayers can now pay real estate and manufactured home taxes online. “The online payment system offers added convenience for the taxpayer and streamlines the process of collecting taxes. I hope that in time it decreases wait time for those taxpayers who
Manufactured Home Taxes Now Payable Online Read More
As follow-up to a story we published June 17 concerning First State Manufactured Housing Association scholarships, MHProNews has learned First State of Delaware has awarded $33,000 in scholarships to 30 recipients since 1999. Eligible candidates are judged on their scholastic record, financial need, an essay and personal/professional recommendations. They are
$33,000 in Scholarships Awarded by First State Manufactured Housing Association Read More
A fifteen acre parcel of land in Kings County, Nova Scotia, Canada has been approved for retail and residential development, as the Kings County Council voted unanimously to give the second and final reading to the rezoning proposal for the property in Kentville. The redevelopment by Kent Building Supplies Limited
Canadian Development may Include Manufactured Housing Read More
Housing starts increased 6.8 percent in May to a seasonally-adjusted annual rate of 914,000 units due to a jump in multifamily construction. Single-family production remained steady at 599,000 homes, but multifamily activity grew 21.6 percent to 315,000 units. Regionally, the South posted a gain of 17.8 percent in combined starts
New Home Starts Continue their Climb Read More
All three indexes advanced, with the Dow moving up over 120 points, as inflation remains low and housing starts increase, despite concerns of what the Federal Reserve may reveal Wed., June 19, about possibly tapering the quantitative easing. CNNMoney reports the Dow Jones Industrial Average gained +0.91 percent, +138.38 points,
Most Tracked Housing Stocks Advance, as do the Three Major Indexes Read More
With image being a key component to selling more manufactured homes to cash and credit worthy buyers, that may explain the growing daily commentary in favor of the start of the ManufacturedHomeLivingNews.com image campaign. Nancy Geer, Executive Director of the New York Housing Association said: “Manufactured Home Living Website is
Improving Manufactured Housing’s Image to Increase Sales Read More
Birmingham, Mich. based Q10 l Lutz Financial Services has arranged $108 million for the refinancing of a portfolio including 47 manufactured housing properties and three apartments. Lutz, a commercial real estate financial services firm, says the unnamed, Midwest-based private investor realized $99 million for the manufactured housing communities and $9
Portfolio of Manufactured Housing Communities Obtains Refinancing Read More
The transportation package that was passed by the Virginia General Assembly and signed into law by Governor Bob McDonnell includes tax increases that go into effect July 1, 2013. The titling tax for manufactured homes remains at $10, but the retail sales and use tax, which covers modular homes, will
Sales and Use Tax Rises in Virginia Read More
MODS International Marketing of Appleton, WI is set to deliver shipping containers converted into modular housing for the tornado victims in OK. MODS (Modular On Demand Structures) specializes in providing emergency housing for long and short term. The units arrive fully furnished, as MHProNews has learned from newson6.com. Costing $40,000
Emergency Modular Housing May Go to Oklahoma Read More
The Alabama Manufactured Housing Association (AMHA) has announced the decision of their board of directors to promote Doris Hydrick to the position of Executive Director as of July 1, 2013. Ms. Hydrick served as assistant director for 16 years, with responsibility for planning meetings, education seminars, and regulatory matters, and
New Executive Director for Alabama Manufactured Housing Association Announced Read More
For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a
Housing Market Index Posts Largest Gain in over Ten Years Read More
The North East Community Action Agency (NECAC) in Hannibal, MO has joined the Next Step Network which gives them the opportunity to buy modular homes from Clayton Homes at 10-15 percent below market price. The goal is to provide low cost housing for people of modest means. Carla Potts, NECAC’s
Affordable Modular Homes Available; Applicants’ Credit Lacking Read More
Even though investors are edgy about the possibility the Federal Reserve will announce Wednesday that it will begin to wind down its quantitative easing, the markets managed to advance for the day, with the Dow picking up over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +0.73 percent,
Universal Forest Products, Inc. Spikes; Three Major Indexes Gain Read More
As of April 2013, home building employment totaled 2.1 million people, up nearly 100,000 in the last year, according to the labor department. Home building contributed 20 percent to the growth of the Gross Domestic Product (GDP) in the last six quarters. Residential Fixed Investment (RFI), the home building component
Home-building Spurring Gross Domestic Product Read More
Delaware’s First State Manufactured Housing Association has announced the two winners of its annual $1,500 Manufactured Housing Scholarship Award for 2013. Both graduates of Sussex Technical High School, Bradley Collins graduated in 2011 and is in his third year at the University of Delaware, studying finance. As MHProNews has learned
First State Manufactured Housing Association Awards Scholarships Read More
MHProNews has learned from nationalmortgagenews that multinational banking and financial services company Barclays is predicting a 9.7 percent rise in U. S. home prices for 2013. According to the research report, the strong data for the first quarter, which exceeded expectations, indicates in 2014 house prices will rise another 7.2
Barclays: Home Prices will Rise Nearly Ten percent Read More
According to what hibbingmn tells MHProNews, Minnesota State Representative Jason Metsa has been recognized by the Manufactured & Modular Home Association of Minnesota (MMHA) with its 2013 Friend of Affordable Housing Award for his efforts during this year’s legislative session. MMHA President Mark Brunner said, “Rep. Metsa was particularly effective
Affordable Housing Award goes to Minnesota State Legislator Read More
Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have expressed encouragement
Williams, Allen and others give Thumbs Up Read More
Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to nasdaq.com. Cavco will issue common stock to Third Avenue in consideration as per their original 2009 agreement in forming
Cavco Completes Acquisition of Fleetwood Read More
