Manufactured Homes

At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble

By / May 5, 2016 / Business, Company News, Events, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Thousands of enthusiastic followers descended on Lincloln, Nebraska to hear Warren Buffett, Chairman of Berkshire Hathaway, the parent of Clayton Homes, expound at the company”s annual meeting, as housingwire tells MHProNews. According to Fortune, Buffett said the housing market is on stable footing, noting, “I don’t see a nationwide bubble …

At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble Read More

Drew Wastes no Time Moving on Europe

By / May 4, 2016 / Announcements, Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Following a story MHProNews posted April 29, 2016 regarding Drew Industries increasing its line of credit from $100 million to $200 million, with up to $50 million earmarked for approved foreign currencies, the component supplier to the manufactured home (MH) and recreational vehicle (RV) industries, has acquired Project 2000 S.r.l., …

Drew Wastes no Time Moving on Europe Read More

MH Lender Cascade Financial Services Acquired by Centerbridge

By / May 4, 2016 / Announcements, Business, Company News, Factory-Built Homes, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016, …

MH Lender Cascade Financial Services Acquired by Centerbridge Read More

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MHRE Expanding its National Footprint

By / May 11, 2016 / Announcements, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has been informed MHRE Inc., Manufactured Housing Group, the real estate brokerage and advisory company predicated exclusively in the manufactured housing and recreational vehicle asset class, announces it is expanding from its Detroit home office to open locations in Orlando, Fla. and San Diego, Calif. to better serve its …

MHRE Expanding its National Footprint Read More

MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota

By / May 4, 2016 / Advocacy, Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Following a post MHProNews published April 30, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in St. Anthony, a suburb of Minneapolis, tcdailyplanet reports residents of the community have gathered to discuss their options in trying to maintain Lowry as their home. They would have to …

MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota Read More

New Manufactured Home Community Considered for Alberta, Canada

By / May 4, 2016 / Announcements, Business, Canada, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from mygrandeprairienow that a new manufactured home community (MHC) may be in the works for Grande Prairie, Alberta, Canada. Developers are considering property currently being used for agriculture production as the site. The city will take under advisement amending a bylaw to rezone the property, changing it …

New Manufactured Home Community Considered for Alberta, Canada Read More

Manufactured Housing Production Spikes 26.9% in March

By / May 3, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes

The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes (MH) increased 26.9 percent in March 2016 over March 2015, 7,110 homes in 2016 over 5,602 homes last year. …

Manufactured Housing Production Spikes 26.9% in March Read More

Results of Comparable Energy Efficiency in Manufactured Homes Revealed

By / May 3, 2016 / Green, home buyers, Manufactured and Modular Housing News, Manufactured Homes

The Manufactured Housing Institute (MHI) tells MHPronews a three year project undertaken by the Department of Energy (DOE) compared the energy-saving attributes of three lab houses of varying designs tested side-by-side under controlled conditions in Russellville, Ala. The homes were built by Southern Energy Homes, part of the Clayton Homes …

Results of Comparable Energy Efficiency in Manufactured Homes Revealed Read More

Calif. Resident-owned MHC Obtains Freddie Mac Financing

By / May 2, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from Daniel Din, who manages the MHC (manufactured home community) Lending Program for Freddie Mac, of Grandbridge Real Estate Capital’s $3,600,000 permanent fixed-rate loan arranged for the Apache Mobile Home Park in Yucca Valley, California in San Bernardino County. Built in 1963, the 136-home site resident-owned community …

Calif. Resident-owned MHC Obtains Freddie Mac Financing Read More

Michigan’s Meritus Acquires Lake Villa MHC, Plans Upgrades

By / May 1, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Based in Bloomfield Hills, Michigan, Meritus Communities recently finalized its acquisition of Lake Villa Manufactured Home Community in Oxford Township, and said it will spend $1 million to upgrade the community beginning within 120 days, according to oxfordleader. New Manager Edith Belen, a 25-year veteran of managing manufactured home communities …

Michigan’s Meritus Acquires Lake Villa MHC, Plans Upgrades Read More

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016

By / April 30, 2016 / Advocacy, Announcements, Awards, Business, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew …

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More

Champion Homes Expanding Operations in Kentucky

By / April 29, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Champion Home Builders will invest $6.3 million in a manufacturing plant in Benton, Kentucky, leasing a 100,000 square foot facility and create up to 150 jobs for production of manufactured homes, according to kyforward. As encouragement to the investment in the community, the Kentucky Economic Development Finance Authority has initially …

Champion Homes Expanding Operations in Kentucky Read More

Manufactured Home Community Closing in Minneapolis

By / April 30, 2016 / Announcements, Business, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

The Lowry Grove manufactured home community (MHC) in St. Anthony, Minnesota, will be closing in a year for redeveloping, as startribune informs MHProNews. The 15 acre community with 97 factory-built homes, some pre HUD Code, follows a string of MHC closings in the northern Minneapolis metropolitan area. According to Metropolitan …

Manufactured Home Community Closing in Minneapolis Read More

Clayton Acquires another Site-built Home Builder

By / April 29, 2016 / Announcements, Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from builderonline that manufactured housing giant Clayton Homes has acquired Goodall Homes of Gallatin, Tenn. as it increases its mark on the site-built home industry, having purchased site home builder Chafin Communities of Georgia last fall. Goodall has been building single-family homes, townhomes and condominiums since 1990, …

Clayton Acquires another Site-built Home Builder Read More

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MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending

By / April 29, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get their input on the FHFA’s proposed “Duty to Serve” rule, according to the Manufactured Housing Institute‘s (MHI) Housing Alert to MHProNews. Lesli …

MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending Read More

Murdoch’s Barron’s Reports Incorrect Info about Manufactured Home Industry

By / April 29, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, Stocks

Writing in barrons, Teresa Rivas says shares of manufactured and modular home builder Skyline Corp. have risen because of a case of mistaken identity: Sky TV is billionaire publisher Rupert Murdoch’s entertainment company, which announced in early March it was launching a new TV channel in the British Isles. Skyline …

Murdoch’s Barron’s Reports Incorrect Info about Manufactured Home Industry Read More

Drew Drawing a Bead on Overseas Markets?

By / April 28, 2016 / Announcements, Business, Canada, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned that Elkhart, IN-based Drew Industries, Inc. announces the refinancing of its revolving credit facility from its current $100 million that will expire in Jan. 2019, to $200 million, led by JPMorgan and Wells Fargo. The company had nothing outstanding against the $100 million at the close of …

Drew Drawing a Bead on Overseas Markets? Read More

Stop-work Order Leads to Uncertain Future of Factory-built Home

By / April 29, 2016 / Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, Zoning

Eight months after issuing a stop-work order on what was said to be a modular home due to an ordinance violation in the Ward Ridge area of Port St. Joe, Fla., the order remains in effect and the home sits unoccupied, on wheels, and falling over. Owned by Robert Mike, …

Stop-work Order Leads to Uncertain Future of Factory-built Home Read More

Patrick Ind. Reports Revenue Increase of 25 percent for Q1

By / April 28, 2016 / Announcements, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

For the first quarter of 2016, manufactured home (MH) and recreational vehicle (RV) component supplier Patrick Industries, Inc. (NASDAQ:PATK) reports sales increased $55.2 million, 25 percent, from $223.4 million to $278.6 million, largely attributable to a 25 percent increase in revenue from the RV industry. Revenue from the MH industry …

Patrick Ind. Reports Revenue Increase of 25 percent for Q1 Read More

Video Proves Manufactured Homes Tougher than Comparable Site-built Homes

By / April 28, 2016 / Advocacy, Events, Manufactured and Modular Housing News, Manufactured Homes

If you find yourself in the path of a major storm during the peak turbulent weather season, you might be better off in a manufactured home (MH) than in your bathtub or basement or stick-built home. While conventional wisdom has long held that “mobile homes” are dangerous during such storms, …

Video Proves Manufactured Homes Tougher than Comparable Site-built Homes Read More

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