While refinance lending in rural and small town communities fell by 23 percent in 2013 compared to 2012, purchase lending in the same areas rose 2.3 percent for the similar period, after hitting a ten-year low in 2011, according to what daily.yonder tells MHProNews. Just as rising interest rates and tighter …
Rural Home Purchase Loans Still over 50 Percent Below Pre-Recession Read More
Following a story MHProNews covered Sept. 29, 2014 regarding Cavco Industries’ attempt to acquire Skyline Corp. by offering to buy all of Skyline’s outstanding shares at a premium, Cavco has reaffirmed its requests to open a dialogue with the special committee the target company set up to improve the bottom …
Southfield, Michigan-based Sun Communities, Inc. (SUI) will release its Q3 2014 financial results on Thursday, Oct. 30, 2014 prior to the opening of the market followed by a conference call set for later that same morning, at 11:00 AM EDT, according to marketwatch.com. The conference call will be available live …
Manufactured housing builder Clayton Homes of Maryville, Tennessee has developed an interactive tool that outlines the construction process of their homes, providing informative photos of the construction methods from top to bottom, including all the steps and the variety of materials and band name products that go into each home. …
Clayton Homes Rolls Out Video of Construction Process Read More
While the Consumer Financial Protection Bureau’s recent report on financing the purchase of manufactured homes (MH) notes buyers of MH are often poor, elderly, rural and vulnerable to high-cost “chattel” (“home only,” personal property) loans, the bureau wants to ensure consumers have access to “responsible credit.” Their report, comments and …
As an addendum to a post MHProNews published Oct. 3, 2014 regarding the rise in shipment of HUD Code homes for August, 2014, over the same month last year, of the 5,937 homes shipped, single-section homes rose by 6.8 percent and multi-section slipped 2.7 percent. A total of 9,100 floors …
Shipped Floors Number Rises; Number of Plants, Corporations hold Steady Read More
Following up on a story MHProNews last covered Sept. 22, 2014 regarding a 16-year battle between residents of Naples Estates MHC and the owner, Norton Karno, over residents’ attempt to buy the community in Florida, a settlement, if approved, would leave the community in Karno’s hands but he would add …
Residents Reject Community Owner’s Offer, Go Back to Court Read More
The Del Mar City Council in San Diego County is considering a zoning code amendment that would establish a definition for a manufactured home (MH) and specify that an MH is subject to the same regulatory standards and review processes as other single-family residences. The city council of Rancho Palos …
Affordable Housing News from Local California Jurisdictions Read More
Co-founder and operator of Modern Manor and Lake Ridge manufactured housing communities in Iowa City, Iowa, Erma Jane Wolf passed away Sept. 24, 2014 at age 76. She and her husband, Bob, also owned Wolf Construction Company. He passed away Aug. 18, 2014. She leaves a daughter, Brandy Egli, and …
Noting that manufactured housing can provide affordable housing to many low and moderate income families, especially in non-metro areas, several nonprofits are working to reverse the negative image of factory-made homes and their occupants by establishing programs to replace the dilapidated homes with new, high efficiency models. According to Matthew …
Energy Efficient Manufactured Homes to Replace Dilapidated Units Read More
Manufactured housing community (MHC) owner UMH Properties, Inc. (UMH) will present to the Philadelphia Securities Association on Oct. 15, 2014 at the Union League of Philadelphia, according to marketwatch.com. UMH president and CEO Samuel A. Landy will deliver an overview of the company followed by a question and answer session. …
Built decades ago by the Navy, Treasure Island Fire Station #48 in San Francisco was closed in March due to an infestation of black mold. Since then the eleven member crew, male and female, has worked out of a cinder block training center and are sleeping in a classroom, according …
Modular Buildings will Temporarily house Fire Station Read More
Following a story MHProNews last posted Sept. 4, 2014 regarding the acquisition of Deer Valley Corporation (DVLY) by software developer Peerless Systems Corp. (NASDAQ:PRLS), streetinsider.com reports Peerless has consummated its agreement to purchase 80 percent of Deer Valley common stock for $3.7 million. Through its manufacturing plant in Guin, Alabama, …
Peerless Homes Finalizes 80 Percent Acquisition of Deer Valley Homes Read More
The Lamar County Board of Supervisors in Mississippi accepted a “Petition for Action” from residents asking that an unzoned area be designated a residential estate district for single family detached dwellings and only one dwelling per lot, according to hattiesburgamerican.com. Placement of a manufactured or modular home on the property …
Manufactured Homes to Require Conditional Use Permits in Mississippi Read More
Michigan H. B. 5513 would require a written explanation of the responsibilities of local jurisdictions over manufactured homes (MH) and manufactured housing communities (MHCs), seasonal and year round. The Department of Manufactured Housing needs to notify the local government of a technical bulletin if an MHC is open, or seeking …
State races and federal ruling highlight latest Manufactured Housing Grass Roots Report Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews statistics supplied by the Department of Housing and Urban Development (HUD) indicate production of HUD Code manufactured homes reached 5,955 in Aug., a 1.2 percent increase over the 5,886 manufactured n Aug. 2013. Cumulative totals for the year reveal production …
Following up on a story MHProNews posted Sept. 20, 2013 regarding damage to 560 manufactured homes (MH) in Vermont by Tropical Storm Irene in 2011, the Vermont Housing and Conservation Board (VHCB) is funding ten MH by the Vermont Energy Investment Corporation as part of the Manufactured Housing Innovation Project. …
Energy Efficient Manufactured Homes Replace Storm Irene Damage Read More
According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon, …
The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source …
California Home Prices Rising above Affordability for Hispanics Read More
The Lloydminster City Council in west central Saskatchewan, Canada, just over the line from Alberta, voted for a 97 percent increase for daily manufactured home (MH) licensing fees over the next two years, according to wireservice.ca. The province’s Greens leader, Victor Lau, noting this is sending the wrong message to …
