The Joliet City Council obtained ownership of Evergreen Terrace in a transfer of title that took place last week. Officially the title will go to Riverwalk Homes, a public-private partnership created by Holsten, a Chicago-based real estate development company, the HeraldNews reports. Nevertheless the city maintains controlling interests and will …
Gateway Lifestyle, an Australian-based holder of factory-built retirement home communities, is exploring partnering with U.S.-based Hometown America in a venture that could reshape Australia’s emerging manufactured housing market. The two firms may join forces for the pursuit of National Lifestyle Villages (NLV), Western Australia’s largest operator of ‘mobile home parks.’ …
Will Hometown America and Gateway ally to Increase Manufactured Home Community Holdings? Read More
MHProNews has learned that Chris Nortley, Managing Partner of MHRE Inc. that the Matrix portfolio that consisted of 7,253 sites closed on August 4, 2016. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home …
Chris Nortley, Enrico Scarda announce MHRE’s Close of Matrix MHC Portfolio Read More
MHProNews has learned from telegraph.co.uk that modular construction of homes in the United Kingdom (UK) may be key to hit their government’s target of constructing 200,000 homes per year to alleviate the severe housing shortage, and attain the one million mark by 2020. Last year only 142,890 homes were built …
From Factory Floor to Finished Flat: Modular Homes Seen as Key Housing Shortage Read More
The Dow and the S&P 500 end lower as oil’s recent winning streak come to a close. Nasdaq closes up, while Treasury yields drift lower. MarketWatch also reports that CFPB fines Wells Fargo $4 million for deceptive student loans. Daily Business News Market Tracker: The Dow Jones Industrial Average dropped …
Broader Markets Tumble as MHCV Inches Up, Led by UFPI Read More
Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells Fargo, the seven-year, fixed-rate loan could free Carlyle to further expand its efforts in the MH Community sector. Grace and colleague Matt Krasinski …
What’s New in public focused Manufactured HomeLivingNews.com Tiny Houses Owners face Big Legal Trouble? What’s New in Manufactured Housing Industry Professional News Financial Services Committee says Dodd-Frank is damaging. YES! Communities redistributes assets. Private enterprise ready to supply modular buildings to flooded LA. MHI, MHARR spar with DOE, as MHI …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 14-Aug. 21, 2016 Read More
In response to the July 17 proposed rule on “Energy Conservation Standards for Manufactured Housing” from the Department of Energy (DOE), the Manufactured Housing Institute (MHI) sent a letter expressing concerns that the new rule would raise the price of manufactured homes. MHI also suggested the DOE “establish a clear …
MHI, MHARR, Leaked documents and DOE proposal, plus MHI on New Section 8 Vouchers Read More
A new and used modular building supplier has low-cost private mobile shelter buildings ready for immediate delivery to Baton Rouge to help start the recovery process for those who have been displaced by the overwhelming flooding. Many of HSTL Modular buildings have been used as schools and administrative facilities and …
Private Enterprise Responds to Assisting Louisiana Flood Victims Read More
MHProNews has learned from constuctiondive that the median size of new U. S. single-family homes fell nearly three percent from Q1 2016 to Q2 2016, slipping from 2,465 sq ft to 2,392 sq ft. On a one-year moving average, however, median home size has actually risen 16 percent, according to …
Inventory of Entry-level Homes may finally be Rising Read More
The National Low Income Housing Coalition (NLIHC) issued its 2016 annual report, and the picture painted mirrors that of other studies that indicate a growing affordable housing crisis in the United States. According to the report, of the nearly 43.2 million renter households in the U.S. in 2014; 10.4 million …
NLIHC’s Affordable Housing GAP Analysis 2016, Manufactured/Modular Housing Read More
The Sicamous District Council in southeastern British Columbia, Canada, has voted to allow manufactured homes (MH) in a single-family residential zoned area, as eaglevalleynews informs MHProNews. Concerns of neighbors that their property would be devalued by these MH that do not require a foundation or crawl space failed to convince …
Canadian City Allows Manufactured Homes in Area Zoned Single-family Residential Read More
While June home sales in California hit nearly a four-year high, they dropped sharply in July from June, according to housingwire, due to low inventories and decreasing affordability reports the California Association of Realtors (CAR). Sales of existing single-family detached homes in June hit a seasonally adjusted annual rate (SAAR) …
The San Jose (Calif.) City Council is considering siting 102 tiny modular homes for the homeless in an area designated for affordable housing, much to the consternation of businesses and neighbors who fear a rise in criminal activity and blight in an already struggling neighborhood. However, city housing officials expect …
San Jose CA set to Vote on Modular Homes for the Homeless Read More
REITs beat the S&P 500 and could return up to 13% in the next year, MarketWatch informed MHProNews. Housing starts rise to second-highest rate since recession. Meanwhile the Fed’s Dudley says September rate hike ‘is possible’ as the CPI remained unchanged in July. Daily results place stocks at a lower …
REITs beat S&P 500 with Promising Forecast for the Year Read More
California-based Investment Property Group Inc. (IPG) has presented new leases to residents of Meadow View Estates manufactured home community (MHC) in Medford, Oregon, according to mailtribune, as well as to residents in other MHCs it owns. Some of the residents are elderly and living on Social Security, and are concerned …
Residents of Oregon Manufactured Home Community Consider Long-term Leases Read More
Those trendy and cute tiny houses are a potential source for real headaches, says a report by the Toledo Blade. Blade’s Janet Stengle tells MHLivingNews that, “Jamie and Kelly Rye and their children, Jonah, 6, and Jane, 3, moved into their tiny home in Spencer Township last month. Complete with …
What for years people have been calling “mobile homes,” have since June 15, 1976 been in fact manufactured homes (MH), made to stringent Department of Housing and Urban Development guidelines, and constructed with amenities often found in more upscale homes: whirlpool tubs, modern kitchens with corian countertops, vaulted ceilings, walk-in closets …
Manufactured Homes can be as Modern as Traditional Houses, says Realtor on FoxNews Read More
Decatur Pilot, a nonprofit subsidiary of the Decatur (Illinois) Housing Authority, is developing eight modular homes at a cost of $2 million near the Oakwood business district which will revitalize that neighborhood. It will also provide low income housing for families who qualify, those earning $35,000 to $75,000 annually, according …
Eight Modular Homes for Low-income Families Rising in Illinois Read More
The Dow Jones Industrials and the Nasdaq logged record closes. Various stocks closed at record heights, which MarketWatch tells the Daily Business News was triggered by a rise in oil prices. The extended gains of U.S. stocks also saw parallels in the rise in Treasury yields, and many MH stocks …
Skyline Up, Manufactured Housing CompValue (MHCV) Mirrors Dow Read More
