According to what bismarcktribune tells MHProNews, credit unions in North Dakota are lending at a higher rate than other financial institutions. However, in western North Dakota where affordable housing is crucial due to the rapid influx of workers in the oil fields, loans for manufactured homes (MH) are increasingly more …
Manufactured Home Loans Tough to Find in North Dakota 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
Following up on an article MHProNews published April 3, 2015 regarding the continuing rise in new HUD Code manufactured home shipments, we have learned from the Manufactured Housing Institute (MHI) shipments of single-section homes rose 13.6 percent and multi-section increased 6.1 percent Feb. 2015 over Feb. 2014. Total floors shipped …
Single and MultiSection Manufactured Home Production up in February Read More
The Louisville-based non-profit, Next Step Network, is partnering with the manufactured housing (MH) industry, lenders, retailers, utilities, other nonprofits and public stakeholders to increase access to ENERGY STAR homes with flexible financing for Kentucky residents of manufactured homes. Manufactured homes account for 13.6 percent of Kentucky’s housing stock. The goal …
Kentucky Collaboration will Provide ENERGY STAR Manufactured Homes Read More
A couple in Hermiston, Oregon who own four manufactured homes saw their property tax increase 65 percent from 2013 to 2014 on one of the homes, a 1970 Golden West model at Vista Park Mobile Home Park. Umatilla County Tax Assessor Paul Chalmers says it was an anomaly, that the …
Couple Questions Tax Increase on pre-HUD Code Home Read More
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 …
Karen and Tom Rogers live in a 420 square foot tiny house, built by Lil’ Lodges, in Bruton Park manufactured home community (MHC) in York County, Virginia. The county cited them for a violation because it is not a manufactured home, but following an appeal to the zoning board, they …
Tiny House in Manufactured Home Community Sparks Legal Debate Read More
A bill before the North Carolina Senate, S.577, filed March 26, 2015, clarifies retitling of a manufactured home (MH) after it has been removed from real property. According to what ncleg tells MHProNews, if a certificate of title has been canceled and the owner of a manufactured home desires to …
North Carolina Bill would Clarify Retitling of Manufactured Homes Read More
Manufactured and modular home (MH) and Park Model recreational vehicle (RV) producer Champion Home Builders, Inc. has entered into a licensing agreement with RV maker Winnebago Industries, Inc. (NYSE:WGO) to manufacture a line of Park Model RVs. Champion will introduce the first Park Model RV at Winnebago’s Dealer Days in …
Champion to Partner with Winnebago for RV Park Models Read More
According to what newsobserver reports from North Carolina regarding deadly tornadoes, “While the perception might be that tornadoes target trailers, the reality is that manufactured housing is the least safe place to be in severe weather, second only to an automobile. It’s just that simple.” In fact, it is not …
Article on Manufactured Homes and High Winds Gets it Wrong Read More
While investopedia sets the record straight in noting “mobile homes” were built before HUD Code standards were established n 1976, it nevertheless uses the term in the article’s title: “Are Mortgages Available for Mobile Homes?“ It does use the correct phrase in the article. It says 32 percent of manufactured …
Twisting Terminology about Manufactured Home Financing Read More
MHProNews has learned from mtsandard the Butte-Silver Bow Planning Board in Montana voted 5-0 that no more pre-HUD Code homes (MH) be allowed to site in the county, although those already existing would be grandfathered in and allowed to stay. MH built between 1976, when the federal government mandated construction …
Montana County Tightens Restriction on Manufactured Homes Read More
According to rvbusiness, Phoenix-based Cavco Industries, Inc. has acquired Chariot Eagle, Inc. of Ocala, Florida, a manufacturer of Park Model recreational vehicles (RVs) and manufactured homes. This will add to Cavco’s current line of park model RVs, and extend the company’s each into the southeastern U. S. Cavco’s CEO and …
Cavco Industries Acquires RV and Manufactured Home Producer Chariot Eagle Read More
A manufactured home community co-operative may be in the works for Wahpeton, North Dakota, according to a feasibility study read to the Wahpeton Finance Committee by Wahpeton Economic Development Director Jane Priebe. The town’s Economic Development Commission would develop the project after receiving financial support from a series of partners …
City is Developing Manufactured Home Community Co-op Read More
MHProNews has learned from Benzinga that 2015’s best performing real estate investment trusts (REITs) are manufactured home community owners. Equity LifeStyle Properties, Inc. (ELS), Sun Communities, Inc.(SUI) and UMH Properties, Inc. (UMH) averaged a 9.4 percent growth rate this year through mid-March. Sun owns and operates 242 MH and RV …
The Manufactured Housing Institute (MHI) informs MHProNews the Ohio Supreme Court struck down a zoning law as unconstitutional that was designed to eliminate manufactured housing from Lodi, Ohio. The zoning code states any property considered noncomforming that is vacant for six months is considered abandoned. In the case of manufactured …
State Court Strikes Down Law that Harms Community Owners Read More
A Senate bill before the North Carolina General Assembly, to improve the safety of roads in the state, addresses the accountability of professional housemovers, specifically applied to manufactured, modular and mobile homes over 15 feet wide. The proposal states the transporter shall be held liable for damages of any kind …
Legislature Defines Blame for Manufactured Home Delivery Damage 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
Noting that the manufactured housing reform law of 2000 directs the Department of Housing and Urban Development (HUD) to “facilitate the availability of affordable manufactured homes” and “increase homeownership for all Americans,“ the Manufactured Housing Association for Regulatory Reform (MHARR) says HUD inserts regulations that are needlessly restrictive. HUD standards …
HUD Manufactured Home Regulation Defining “Family” Disputed by MHARR 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
