Manufactured Housing News

U.S.Department of Agriculture (USDA) Rural Development West Virginia Director Ryan Thorn announced that Rural Development is extending a pilot program for people in West Virginia seeking homeownership. The pilot program allows families and individuals to access affordable financing to locate manufactured homes in rural communities. “Everyone deserves to live in a safe and affordable home,”...

Skyline Corp’s shares have reached an unprecedented peak, touching an all-time high of $94.03. This milestone underscores a period of robust growth for the company, reflecting a significant 1-year change with an impressive 27.73%  increase. Investors have shown increased confidence in Skyline’s market position and future prospects, propelling the stock to new heights and outperforming...

HUD’s recent update to the manufacture home building code makes several critical regulatory updates, aligning with NIskanen’s recommendation to increase the cap for multi-unit manufactured homes from three to four units. This update is significant for two reasons. First, allowing more than one unit per structure expands the use for cases for efficient factory-built construction...

Source: Lexington Ky. (WKYT) – “It’s not your grandmother’s mobile home anymore,” said Logan Hanes. The Executive Director of the Kentucky Manufactured Housing Institute. Hanes was referencing a new 1700 square-foot home heading to Versailles, where the community will be welcomed to walk-through it for six weeks. The goal is that cities will change their...

Tim Scott versus the Chassis Requirement Recently, a group of Republican senators led by Sen. Tim Scott (R-S.C.) introduced the Renewing Opportunity in the American Dream (ROAD) to Housing Act. which proposes a grab bag of reforms to federal housing programs. Unlike the slew of federal YIMBY (Yes in my backyard) bills that have been...

As housing prices and mortgage rates continue to rise across the United States, manufactured housing has emerged as a key option to help alleviate the housing affordability crisis. A new study released by Construction Coverage highlights that West Virginia ranks among the top states investing in manufactured homes, with 21.2% of all new single-family homes...

Source: Concord Monitor (excerpts)  –  New Hampshire is known for many firsts: the first to declare independence from England, and its first-in-the-nation primary. New Hampshire is also the first state where residents of a manufactured home community purchased their park, forming a cooperative to retain control over by laws, like lot rent, to maintain affordability...

Source: Institute for Building Technology and Safety (May 2022) via MHI Manufactured Housing Institute. The following overview snapshot provides statistical verification confirming how manufactured homes are at the forefront in satisfying the need for quality, affordable housing, at a time when that need has never been greater. Today’s manufactured homes can deliver outstanding quality and...

Source: Legacy Corporation, Aug.08,2024 (Globe Newswire) – Legacy today announced its financial results for the second quarter ended June 30,2024.   Financial Highlights Net revenue for the second quarter of 2024 was $42.5 million, a decrease of 19.3% from the second quarter of 2023 Income from operations for the second quarter of 2024 was $16...

Source: WCAX 3 News Team – Money is on the way to replace manufactured/mobile homes and help businesses destroyed by flooding. Governor Phil Scott said Vermont’s Emergency Board approved $7 million in state money for the Business Emergency Gap Assistance Program to provide help to businesses, farms and nonprofits hit by flooding this year. Another...