In a move designed to bring more first-time homebuyers into the housing market, President Barack Obama said Wednesday the Federal Housing Administration (FHA) will lower its annual insurance premiums from 1.35 percent to 0.85 percent. CNBC tells MHProNews that for the typical FHA applicant, the reduction in premiums means a savings …
President Obama and Julian Castro tout lower FHA premium Read More
The biggest gainer among tracked stocks for today was UFPI. MHCommunities related stocks and other sectors closed mixed. Marketwatch tells MHProNews that jitters over terrorism may have shaken investors after yesterday’s gains. At the closing bell, here is the story the numbers tell… Dow 17,737.37 -170.50 -0.95%. Nasdaq 4,704.07 …
Communities mixed, MHCV slips, Shakin’ Paris Shakes the Markets, Majors drop Read More
The Wall Street Scope tells MHProNews that it has its analytical eye on Equity Lifestyle Properties (NYSE: ELS). ELS closed yesterday at 54.94 +0.31 (0.57%). Scope’s report yesterday said that even during the prior week of sliding stocks, ELS has done well, citing the following facts: Equity LifeStyle Properties, Inc. (ELS) …
Wall Street Scopes out ELS’ strong performance this week Read More
The deadline for the closure of Mission Trails is January 15, but for the 6 households still living at the property, it looks possible one or more may miss that deadline. As previously reported here, the San Antonio City Council voted last May for a plan that would close the …
San Antonio Mission Trails MH Park Closure deadline looms Read More
Hedge fund mogul David Einhorn thinks there are similarities between poker, business and ‘gambling’ on the stock market. Although Einhorn plays poker just a few times each year, and usually for charity, he’s had success at the game. In the 2006 World Series of Poker, he placed 18th, winning $660,000. …
David Einhorn – Is American Business as big a gamble as Poker? Read More
Manufactured housing stocks made gains today. Cavco was the top MH performer today – up 3.51 percent. Marketwatch tells MHProNews that the broader U.S. stocks rebounded on Wednesday, highlighted by the S&P 500 recording its first gain in 2015 and snapping a five-day losing streak. Optimism on Wall Street followed …
MHCV rises, S&P 500 musters first gain of 2015, snaps 5-day losing streak Read More
Problems with water quality for residents at Pineview Pines Estates in Miami Township, Ohio, prompted the Ohio Environmental Protection Agency (OEPA) to issue a boil advisory, Dayton Daily News tells MHProNews. The community’s water facilities lost drinking-water pressure again on New Year’s day. The good news is that water …
Water Problems Persist at Ohio Manufactured Home Community Read More
Manufactured home assistant retail manager Victor Frost says via an Industry Voices OpEd what he thinks the other side of the recent tornado stories should be. In a calm, collected analysis, Frost points out examples of what many would objectively see as media bias and slanted reporting. Frost shares comments on …
Balanced Reporting? MS Tornadoes, Stick Built and Manufactured Homes Read More
For some who are tired of those big McMansions and equally oversized house payments, the Tiny House trend is finding appeal. Changing economic conditions have produced a desire for more simplicity, frugal living, and smaller or even “tiny houses.” These may be as small as 120 square feet and be …
The Tiny House Trend – Possible New Market for Manufactured Housing? Read More
Deer Valley Corporation (DVLY) Guin, Alabama, on January 6 announced on the retirement of Charles G. Masters, the Company’s Chief Executive Officer and President, effective December 31, 2014. Yahoo! Finance tells MHProNews the Company does not presently intend to hire a replacement for Masters. In January 2006, he led an …
Deer Valley – Manufactured and Modular Homebuilder – CEO Retires Read More
Manufactured housing stocks declined slightly today. Deer Valley announced the retirement of its President and CEO Charles G. Masters. ELS and SUI made slight gains. Marketwatch tells MHProNews that overall, U.S. stocks bounced off session lows by the last trading hour, but still ended lower Tuesday, with losses across the …
ELS, SUI with slight gains; S&P Falls Fifth Straight Session Read More
A class-action lawsuit filed by the owners of a Delaware manufactured home community may bring quite a sum of money not only to the group that filed the lawsuit, but to all manufactured home community owners in the state. The Delaware Manufactured Home Relocation Authority (DMHRA) was created by the …
MH Community Owners Class Action suit seeks damages from state agency Read More
Americans mourned the recent death of former Massachusetts Senator Edward Brooke, the first African American popularly elected to the U.S. Senate. He was 95 years old and died at his home in Coral Gables, Florida. Brooke (R-Mass.) was very influential in the passing of anti-poverty laws. Obtaining fair housing for …
Senator Edward Brooke (R-MA), Fair Housing Law Champion, Dies at 95 Read More
The outcome of an important case is due for oral argument with the United States Supreme Court beginning January 21, 2015. The case is entitled Texas Department of Housing and Community Affairs, et al, Petitioners v. The Inclusive Communities Project, Inc., Respondent. It is awaited with anxiety and trepidation in many …
Nadeen Green says Disparate Impact case could rock MH & MHC owners, managers world Read More
ELS, SUN and UMH bucked the trends in MH and the broader markets, each gaining a bit in the broader market drop. Oil prices ended at about $50 a barrel. Marketwatch says that some traders are betting on $20 oil. CNN Money tells MHProNews that “the main culprits of market …
MHCs buck the trend, as the Dow plunged 331 points today, worldwide markets drop Read More
Manufactured homes, those factory built homes constructed after June 15, 1976, according to HUD Code construction and safety standards, have proven to be safer from fire than stick and brick houses or pre-HUD Code mobile homes. Still, safety precautions need to be taken. This includes have working fire alarms positioned …
Death of Child in Factory Built House Fire Inspires Increased Education on Fire Safety Read More
Caddis Capital Investments, LLC, announced the firm has purchased two 55+ manufactured home communities (MHCs) near Phoenix, Arizona for 10.8 million. These two properties include Paradise Valley Ranch, a 168-site active adult community in Paradise Valley, Arizona. The other is Chaparral Ranch, a 100-site active adult community in Apache Junction. …
Caddis Capital Closes on $10.8 Million Purchase of two 55+ Manufactured Home Communities Read More
New year, 2015 is here! The Louisville Manufactured Home Show is 2 weeks and 3 days away! Manufactured, modular and broader news that touches your professional world is all around. From Flashy Fancy Dutch PreFabs, to how much better manufactured homes preform against fires than conventional houses or mobile homes, …
Sunday Morning Weekly Recap – Manufactured Housing News – for 12-28, 2014 to 1-3, 2015 Read More
Americans don’t have a monopoly on the design of prefab housing. Sometimes it’s interesting to take a look at what’s happening in other countries. American and international builders can – and no doubt do – pick up some ideas from each other. MHProNews checks out global pre-fab news, just …
Dutch Firm Designs Flashy Prefab Homes for Young Professionals Read More
The 2015 Louisville Manufactured Housing Show is now less than 3 weeks away. The Louisville Show has been the MH industry’s largest trade event for the last two years. Registrations are up by 49 professionals over the same period last year, and will accelerate from this point forward. Updates for …
Louisville Manufactured Housing Show Countdown Updates Read More
