Cavco Industries, Inc. reports net revenue for the fiscal fourth quarter of 2015 was $141.2 million, an increase of 7.7 percent over the $131.2 million for the same period of 2014. For the fiscal year ending March 28, 2015, net revenue was $566.7 million, an increase of 6.2 percent over …
Noting the worldwide emphasis on sustainability and energy efficiency, Global Industry Analysts, Inc. tells MHProNews prefabrication is gaining renewed interest in modern construction, and projects worldwide shipments of off-site homes will reach 1.1 million units by 2020. The report states: “Today, manufactured homes are one of the most sought after …
Interest Growing Worldwide for Manufactured, Modular Housing Read More
MHProNews has learned that the stockholders of Drew Industries, Inc. (NYSE:DW) have voted two new members to its board of directors. Frank Crespo and Kieran O’Sullivan will be joining James Gero, Jason Lippert, Leigh Abrams, Frank Hegi, David Reed, Jack Lowe and Brendan Deely. Crespo is Vice President and Chief …
Drew Industries, Inc. Adds Two to Board of Directors Read More
The Manufactured Housing Institute (MHI) informs MHProNews that the Senate Banking Committee passed regulatory relief legislation that had been drafted by Committee Chairman Richard Shelby (R-AL). The 12-10 vote along party lines represents the most significant change to Dodd-Frank since it was enacted. Section 108 of the bill includes provisions …
Senate Banking Committee Passes Manufactured Housing Finance Reform Read More
Zoning laws have not caught up with the Tiny House movement, as Jennifer Baxter of Mecklenburg County North Carolina has discovered. The 144 square-foot home that is scheduled for delivery May 31, is built on a 20-foot trailer. Since it is not on a foundation, it cannot lawfully be considered …
Cavco Industries, Inc. (Nasdaq:CVCO) will release its earnings for the fourth quarter of fiscal year 2015 on Thursday, May 21 after the close of the market, according to nasdaq. The results will be discussed the following day, Friday, May 22 2015 in a live webcast at 1 PM eastern daylight …
MHProNews has learned Franklin Management Group of Newport News, Virginia has arranged $18.8 million in refinancing for five of the more than 20 manufactured home communities (MHCs) it owns. The long-term fixed rate non-recourse recapitalization was arranged by CBRE (Coldwell Banker Richard Ellis)-Hampton Roads. The five properties, comprising 2,600 homesites, …
CBRE Arranges Refinancing for Manufactured Home Communities Read More
Following a story covering some 18 years legal wrangling by the residents of Naples Estates manufactured home community (MHC) in Florida to buy their community, as MHProNews last reported Oct. 8, 2014, a state appeals court upheld the ruling of a lower court affirming the homeowners right to purchase their …
Residents Finally Win Right to buy Manufactured Home Community Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Department of Housing and Urban Development (HUD) has terminated the dispute resolution (DR) subcontract the Savan Group, LLC has enjoyed with the manufactured housing program contractor, the Institute for Building Technology and Safety (IBTS). MHARR pointed out in …
HUD Terminates Contractual Relationship of Savan and IBTS Read More
Steve Larson and his wife in Brownsboro, Texas asked the city council May 14 for an exemption that would allow them to site two manufactured homes (MH) on property they own within the city. Mayor Terry Mills replied that before he took office an ordinance was adopted prohibiting MH in …
Brownsboro Refuses to Allow Manufactured Homes a Home Read More
From La Center, Washington MHProNews has learned the Country Hills Estates manufactured home community (MHC) was originally zoned as a condo complex because it was outside the city and the county refused to give it the designation afforded an MHC. As a result, when homeowners tried to sell their homes …
Rezoning Helps Manufactured Home Residents Buy, Sell Property Read More
The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses. Mike Baker and Daniel Wagner – writers of the Seattle …
The available amount of manufactured home sites in 50 distinct California manufactured home communities (MHCs) is 1.34 percent as presented to the El Monte City Council Feb 24, 2015 by Kenneth K. Barr, who conducted the study. The city of El Monte has 33 MHCs consisting of 1,427 homesites, and …
According to au.news.yahoo, the Fleetwood Corporation will produce manufactured homes for Gateway Lifestyle to populate its 36 manufactured home communities in Queensland, New South Wales and Victoria, in Australia. The announcement of the two-year contract, with a possible two-year extension, moved the share price up 7.87 percent. MHProNews has learned …
Speaking of the housing market in Smith County’s Tyler, Texas, realtor Amy Montayne says, “It’s getting crazy now. There are just so many people moving to Tyler, migrating here from other states and big cities. It’s exciting, but we’re working ourselves to death. It’s a very, very competitive market.” According …
Housing Market, including Manufactured Homes, tight in East Texas Read More
The city commissioners in Polk City, Florida are proposing to amend the city’s land development code to protect manufactured homes as well other residences in case they are damaged or destroyed in the future. Since the area is zoned C-2, general commercial, the current code would not necessarily allow homes …
Although in Commercial Zone, Manufactured Homes would be Replaced Read More
ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …
The Mississippi Supreme Court upheld an appeal’s court ruling which gives the Cleveland Mobile Home Park in Richland, MS the right to re-rent vacated homesites in the manufactured home community (MHC). The city of Richland wanted to reduce density in the MHC, arguing homesite re-use was non-conforming and therefore in …
Manufactured Home Community has Right to Re-rent Homesites Read More
When David Sims received his property tax statement recently from the city of Raymond, Alberta, Canada, he was outraged that his yearly payment had increased from $411 to $1,111. Living on a fixed government pension in a manufactured home community (MHC) of 32 homes, his MH was assessed at three …
Property Tax Rolled Back in Manufactured Home Community Read More
MHProNews has learned from azbigmedia that the Last Chance Mobile Home Park in Phoenix Arizona was sold April 27, 2015 for $855,000 to a local private investment firm. John Sheedy with Park Brokerage, Inc. represented the buyer and seller for this 40 homesite all-age manufactured home community in north Phoenix. …
