At a public hearing Tuesday morning, April 7, the Jasper (Ala.) City Council delayed a request for a zoning change that would have allowed a multi-section manufactured home (MH) to be sited after a neighbor opposed the change to R-3, affordable housing. Sharon Harris, who lives adjacent to the property …
City Council Tables Voting on Manufactured Home Siting Read More
Berkshire Hathaway, parent company of manufactured homes giant Clayton Homes, is purchasing a $560 million stake in Axalta Coating Systems, a subsidiary of private equity giant The Carlyle Group, which also has an interest in manufactured homes. According to Forbes, Axalta, which provides coatings for automobiles, SUVs and commercial vehicles, …
Two Financial Titans Have Fingers in the Pie of Manufactured Housing Read More
MHProNews has learned from PRNewswire that M. Scott Welch has been appointed to the Board of Directors of Patrick Industries, Inc. (NASDAQ:PATK), an Elkhart, Indiana-based major component supplier to the manufactured housing and recreational vehicle industries. Welch is the President and CEO of Welch Packaging Group, one of the largest …
In Mountain View, California Rod Fox and Emily Gwynn left their $2,540/month, 800 square-foot apartment and moved to a 1,370 square foot manufactured home (MH) in Adobe Wells Mobile Home Park in Sunnyvale, CA. In the Bay Area, where median home prices hit $782,000, they are paying about the same …
HUD Code production continues rising, China going modular, Cavco Acquisition, Affordable housing lags, New MHC in Arizona, Inmates Building Modular Homes, Champion Partners with Winnebago, MHCC Suggests Multifamily HUD Code Homes and more. Mon., March 30 Rising Land Values Force Older Manufactured Home Communities Out China Choosing Modular for Hotels, …
A ten percent hike in site rents at Wild Meadows manufactured home community (MHC) in Dover, Delaware was ruled unjustified by an arbitrator appointed by the Delaware Manufactured Home Relocation Authority. The December Corporation, manager of the MHC, sought to raise site tents from $437.15 to $482.89 on 185 member …
Site Rent Increase Denied at Manufactured Home Community Read More
Drew Industries, Inc. Chief of Financial Operations (CFO) Joseph S. Giordano III sold 19,500 shares of Drew stock on the market March 24, according to a filing with the Securities and Exchange Commission (SEC). According to what dakotafinancialnews tells MHProNews, the stock was sold at $64.75 per share, totaling $1,262,625.00. …
According to what housingwire tells MHProNews, Motley Fool got opinions from three of their analysts abut the effect of rising interest rates, which the Federal Reserve will very likely raise in either the second or third quarter. Matt Frankel says marginally higher interest rates will not impact the real estate …
Will Higher Interest Rates Affect the Housing Market? Read More
In response to the Kevin Clayton Debt Elimination Campaign challenge established last September to help the RV/MH Heritage Foundation become debt free in five years, donors to the manufactured housing sector have raised $522,573, following Clayton’s kickstart pledge of $200,000. With a goal of $1 million, Clayton has issued a …
RV/MH Foundation Issues Challenge for Debt Elimination Campaign Read More
In his opening statement to the full House Financial Services Committee considering 11 bipartisan bills “designed to promote a healthier economy, preserve consumer choice and help our fellow Americans achieve the American dream of financial independence,” Committee Chairman Jeb Hensarling (R-TX) acknowledged they all passed the House and/or the Committee, …
Rep. Hensarling Notes Bipartisan Support for American Dream, Fighting Terrorism Read More
LaDonna Sue Smith, wife of Stephen Smith of Oklahoma City, Oklahoma passed away suddenly March 20, 2015. An innovative hairdresser, LaDonna was a Bible study leader, involved in prison ministry, and sang in a band called AudioSilver. Her husband, Stephen, is vice-president of Durham Supply, a leader in the manufactured …
In a measure to preserve housing affordability while shielding taxpayers from another bailout, nationalmortgageprofessional tells MHProNews three Democratic representatives on the House Financial Services Committee have reintroduced housing finance reform legislation. Reps. John Carney (D-DE), John K. Delaney (D-MD) and Jim Himes (D-CT) first introduced the Partnership to Strengthen Homeownership …
Housing Finance Reform Bill Balances Public vs Private Read More
Virginia Bufkin’s request to the Aransas Pass City Council in south Texas to rezone a single family district to a manufactured home district so she could build a recreational vehicle (RV) community brought a mix of yeas and nays to the meeting. Bufkin’s daughter explained that although it would be …
Petitioner asks Land be Rezoned to Manufactured Home District Read More
A group of community members and elected officials have organized a summit to discuss crime, lease violations and illegal rentals at Lakewood manufactured home community in Riverhead, New York on Long Island. Promoted as a 55-and-over community, residents have complained to management as well as local officials of drug sales, …
Long Island Manufactured Home Community gets Low Marks from Residents Read More
Edward DeMarco, former Federal Housing Finance Agency (FHFA) chief, says Congress’ failure to pass government-sponsored enterprise (GSE) reform and the current mortgage finance system promotes housing debt instead of home ownership. As nationalmortgagenews tells MHProNews, DeMarco says the Obama administration is trying to boost credit availability, a move that echoes …
Former FHFA Head DeMarco Slams Congress and Obama Administration Read More
The Crawford County Commission in Girard, Kansas voted down for a second time the attempt by Liberty Baptist Church to bring in a factory-built structure to be used as a church. The proposal has passed the Planning and Zoning Commission two times, but nearby landowners have convinced the commission to …
County Commissioners Deny request for Modular Church Read More
Developers of a modular laminated wood and cork home tell MHProNews it can be set right on the beach and withstand hurricane winds up to 180 MPH. Mario Espeneira and Owen Healy of the Dutch company, Cubicco, say the house costs $116,000 and meets Miami-Dade County standards for high velocity …
Modular Home will withstand 180 MPH Beachfront Winds Read More
MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015. Drew is a supplier of components …
Drew Board Authorizes Special Dividend for Shareholders Read More
In another of a series about the quality of life and inexpensive living in a manufactured home in Florida, Scott Burns of dallasnews tells MHProNews that among the Tuscan-style villas along the Gulf Coast are resident-owned manufactured home communities. He notes a 5 acre community, Cortez Park, with 79 homes, …
Budget-Conscious Couple Live part-time in Manufactured Home Community Read More
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers MHARR Objects to DOE Energy Standards for Manufactured Housing Dow Slides Again, MHCV Slips, Skyline Advances RVIA Honors RVIC/IMHA Director Mark Bowersox UMH Properties Reports Sustained Growth for Q4 2014 Modular Hotel for Brooklyn being Built in Poland Indicators of New …
