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.

MHC Owner Seeks Conversion to Modular

The CastinePatriot informs MHProNews from Castine, Maine the owner of an MHC wants the town’s selectmen to convene a work session on affordable housing because he wants to convert a portion of his community to modular homes on full foundations. The selectmen disbanded the affordable housing committee last year. While […]

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Nobility Shines, most Stocks Move Little as Month Ends

Although the first month of the year was very strong, with the Dow climbing over 500 points since the year’s beginning, investors clung to the sidelines today as initial jobless claims came in higher than economists expected. CNNMoney reports the Dow Jones Industrial Average nudged down -0.36 percent, -49.84 points,

Nobility Shines, most Stocks Move Little as Month Ends Read More

New Guidelines for Nominations to the RV/MH Hall of Fame

In order to streamline nominations to the RV/MH Hall of Fame in Elkhart, Ind., the RV/MH Heritage Foundation has developed new guidelines: The nominee(s) must have been actively involved in the MH or RV industry for at least 25 years, and have a good, honorable, respectful reputation in support of

New Guidelines for Nominations to the RV/MH Hall of Fame Read More

MH Chassis Start-up Starts in Ind.

Wolfpack Chassis of Kendallville, Ind. has received $125,000 in seed money from non-profit Elevate Ventures’ Indiana Angel Network Fund (IANF), according to what insideindianabusiness tells MHProNews. Starting this winter, Wolfpack, located in northern Ind. near other MH and RV-related firms, will manufacture chassis and chassis components for the manufactured home

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MH Distinction Solved

Following-up on a story from this morning regarding housing statistics distinction between manufactured homes and mobile homes in Morgan County Colo., apparently an MHC closed and special dispensation was given to the residents who owned pre-HUD Code homes to relocate elsewhere in the county. fortmorgantimes news editor Dan Barker tells

MH Distinction Solved Read More

USDA Loans Include HUD and MOD

TotalMortgage informs MHProNews if you live in a rural area and meet the income qualifications you may be eligible for a USDA Home Loan, with no down payment, 100% financing including closing costs, government guaranteed and competitive rates. Part of the US Dept. of Agriculture’s Rural Development Single Family Housing

USDA Loans Include HUD and MOD Read More

Freshman Congressman (and Banker) Sets Sights on Housing

According to nationalmortgagenews, newly elected Representative John Delaney (D-MD) will take his seat on the House Financial Services Committee with an eye on reforming the nation’s housing finance system and reducing government intervention. With a background including establishment of a healthcare finance company and organizer of BancAlliance, a community loan

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TMHA Converges on the Capitol

MHProNews has learned the Texas Manufactured Housing Association (TMHA) is sponsoring a Capitol Visit Day Tue., March 5 for industry members to demonstrate their strength to legislators during the state’s legislative session. Participants will receive a packet of information with talking points for specific legislators, and will visit their offices

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Underwater Borrowers Beginning to Float?

CNNMoney says the S&P CaseShiller home price index (HPI) of 20 major metropolitan markets indicates prices in Nov. were up 5.5 percent over Nov. 2011, the largest monthly increase since Aug. 2006, before the housing balloon deflated. As MHProNews understands, rising prices means fewer homeowners will be underwater on their

Underwater Borrowers Beginning to Float? Read More

Manufactured Housing for Hurricane Survivors

The Asbury Park Press reports the federal government has sent $780 million in grants and loans to New Jersey for Hurricane Sandy relief. The figure includes over $300 million in housing assistance for 52,000 people and $338 million in loans from the Small Business Administration (SBA) for individuals and businesses.

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Skyline, Nobility Gain Nicely; Dow, S&P Approach Records

A report showing home prices posted their biggest increase in six years was weighed down somewhat by an unexpected drop in consumer confidence. Meanwhile, the Dow and S&P approached new all time highs, currently 14,164 and 1,565, respectively, from Oct. 2007. CNNMoney reports the Dow Jones Industrial Average nudged up

Skyline, Nobility Gain Nicely; Dow, S&P Approach Records Read More

Cordray Out the Doorway?

The MHI says the U. S. Court of Appeals for the District of Columbia district ruled the Obama administration did not have the authority to fill three recess appointments to the National Labor Relations Board (NLRB) Jan. 4, 2012. That was the same day President Obama made a recess appointment

Cordray Out the Doorway? Read More

Drilling is Good for Factory-built

The timesunion reports 40 housing modules are on their way from the Port of Albany, in New York, to St. John’s, Newfoundland, Canada for housing offshore drilling workers. Manufactured by a Champion Homes plant in Sangerfield, NY, the modular homes are destined for Exxon/Mobil’s Hebron Project that seeks to recover

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Skyline Facility Changes Hands

According to The Press Enterprise, a Chinese maker of scaffolds for the construction industry is purchasing a former Skyline Corp. RV plant in Hemet Calif., just southeast of LA. Skyline closed the facility in April 2012, eliminating 80 jobs. As MHProNews understands, Elkhart, Ind.-based Skyline maintains a manufactured housing plant

Skyline Facility Changes Hands Read More

Cavco Releasing Financials

TradingCharts reports Cavco Industries, Inc. will release its earnings report for Q3 of fiscal year 2013 Thurs. Jan. 31 after the market closes. Senior officials will discuss the results in a live webcast Fri. Feb. 1 at 11:00 AM eastern time. Listen via Internet: http://www.cavco.com under the Investor Relations link.

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