After almost no debate, a new ordinance was approved unanimously by the Lowell, Massachusetts City Council which will put new restrictions on the appearance of homes outside a historic district. The new ordinance seemed to be aimed directly at “mobile” and manufactured homes by adding regulations that would keep them …
Over Legal Objections, City Blocks Manufactured Homes Read More
East Baton Rouge Parish’s Metro Council will bypass city-parish law, that will make way for longer-term, temporary housing. The measure was instated to assist those that were affected by the recent, historic floods, allowing them to site the temporary homes in front of their damaged properties. The law normally allows …
Metro Council Bypasses Law, Allowing “Temporary” Manufactured Homes Read More
The S&P 500 closed at its lowest level in two weeks. As news about struggles of insurers in ObamaCare exchanges continue and experience fallout, the health-care sector’s drag on U.S. stocks caused them to close at the lowest level since Aug.4. MarketWatch also reported that the U.S. Dollar is continuing …
Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets Read More
Dutch entrepreneur Omar Kbiri has partnered with Amsterdam-based, architecture firm, Studio OBA. The duo designed a modular home that transforms according to the dynamics of the relationships within it. The “ready-to-split” floating houses were designed with their disassembly as a starting point. The unique concept was reported on by Mother …
“Prenuptial Housing” – Modular Homes Designed for Separation and Reunion Read More
The purported road-to-home ownership cloaked as “Rent to Own” is often found to be harmful and misleading, reports The New York Times. Although housing prices have recovered from the financial collapse of 2008, borrowers with less than stellar credit reports and those seeking to finance lower priced properties are left …
NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership Read More
During their Aug. 18 meeting, the Georgetown, SC city council members denied a request to rezone the West End to permit the addition of manufactured homes on more than 200 vacant lots. A petition signed by 150 residents asked to rezone that area from R5 to R3, to allow manufactured …
NIMBY strikes as council nixes manufactured housing use requested by over 100 residents Read More
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 …
The S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains. Daily Business News Market Tracker The Dow …
Skyline Leads, Housing Data and New Home Sales Push Stocks Read More
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
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
Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor. The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year. A 17.0% …
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 …
The main three U.S. stocks markets closed lower as investors worry over the Fed’s approaching rate decision. The Dow and S&P register weekly losses, as Nasdaq logs 8th weekly gain in a row, per MarketWatch. Meanwhile, oil prices stampeded toward bull-market territory, as geo-political instability may be fueling a rise in …
Skyline Leads Manufactured Housing Sector Amidst MHCV and Broader Market Tumble 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
Stocks close slightly higher as the Fed rate-hike debate rages on. Patrick Industries (PATK:US) defies MHCV slip to post the biggest manufactured housing gainer. Chart watchers say the dollar is on the verge of unraveling. California fire drives 82,000 from their homes, MarketWatch informed MHProNews. Daily Business News Market Tracker: The Dow …
Patrick Industries Biggest Gainer amidst Manufactured Housing CompValue slip Read More
MarketWatch looked at key proposals on taxes set forth by the Democratic and Republican Presidential candidates. The economic outlooks and tax premises on which they are built highlight the stark contrast between the two hopefuls. Their analysis of the tax proposals, shared with the Daily Business News, sheds light on …
Clinton v Trump – Presidential Nominees and their Tax, Economic Strategies 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
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 …
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
