A bill that would give local governments more authority over troubled manufactured home communities died in a lame-duck session of the Michigan House on Friday. However, State Rep. Andy Schor (D-Lansing), said he plans to reintroduce the bill in the next legislative session. Schor’s bill died despite the fact that […]
Investors know that diversification is a good strategy in business. The professionals at Seeking Alpha know this too, but apparently overlooked some factors in a recent report by them on UMH Properties (NYSE: UMH). Alpha writer Reuben Gregg Brewer seems to think that “With oil prices falling rapidly, it’s possible
Alpha barking up the wrong tree? Decline of MHCs in PA and OH Doubtful Read More
The Manufactured Housing Association for Regulatory Reform (MHARR), Washington, D.C., has lodged a protest regarding the award of a contract by HUD last week. This concerns the announcement that Savan – Institute for Building Technology and Safety (IBTS) has been awarded a contract to oversee HUD’s manufactured housing dispute resolution
Protest Lodged Concerning HUD Contract for Dispute Resolution Read More
Oil slide and its impact on MH! Financing! MHCommunities! Awards! Government Actions – and failures! New Projects! New contracts awarded! These are some of the headlines for this week in review. There is no need for a ‘theme’ for a weekly headline news review focused on manufactured and modular housing.
Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-14 to 12-20, 2014 Read More
There is good news in the announcement from a veteran manufactured housing industry builder. Nobility Homes, Inc. (OTC MKTS: NOBH) of Ocala, Florida, announced that sales and earnings for its fiscal year that ended November 1, 2014, increased 14 percent to $21,152,259 as compared to $18,525,950 in 2013. Terry Trexler,
The devastating floods of 2013 in Colorado left many manufactured homes (MH) in unlivable condition, or so the owners thought. However, some of them were allegedly improperly ‘repaired’ and sold, and then began appearing in MH Communities (MHC) in other Colorado cities. After the flood, when one elderly couple returned
Allegedly Disguised Flood-Damaged Homes Elicit New Laws that may undermine MH Read More
Sun Communities hits a new high, while many other MH related stocks struggled today. The markets continued to surge ahead in what historians may someday call the Yellin Rally. The week started down, down…but finishes, up, up and away…let’s hope the balloon doesn’t burst. This is your last weekend for
SUN hits new high, Day 3 of Yellin’s Christmas Gift to Markets Read More
Chalk up another accomplishment for modular housing. An upscale housing development is being constructed in Ithaca, New York, consisting of three different styles which have exteriors reminiscent of the homes our grandparents lived in. When completed, this will be an environmentally sustainable neighborhood of 29 historically inspired homes located within
Upscale Urban MODs bring Retro exterior to NY Neighborhood Read More
Think that investing in a “senior” community means assisted living or nursing care? Think again. Many of today’s seniors are fit and healthy and living an active lifestyle. Many live in country-club-like manufactured home communities (MHCs) that feature pools, fitness facilities, game rooms, shuffle board, and assorted other amenities that
Alpha Touts Manufactured Home Communities for Healthy Boomers are Becoming Hot Investments Read More
Many people in businesses related to the U.S. housing industry feel that reform of U.S. housing finance is essential to avoiding another financial crisis. In an article published in American Banker, former FDIC counsel Michael H. Krimminger said that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, remain
FHFA’s Conservatorship of GSE brings charges of Illegalities and Strong Criticism Read More
San Francisco, California is about to discover the benefits of modular housing. The need for new housing in that area is acute and rents are increasing rapidly due to scarcity of housing units. Fortunately, several new modular projects are in the works that will help to alleviate this situation. San
San Fran going MOD…modular building poised to help area’s housing Read More
Skyline Corp. out performed the broader markets today. Manufactured home communities and building generally did well too. CBS News called Yellin’s announcement yesterday a holiday gift. Well, investors jumped at that present and the Dow had its best single day in 3 years, with the best 2 days all year
SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Record Read More
In most major U.S. housing markets, owning a home has become even cheaper than renting one. Trulia’s Chief Economist, Jed Kolko tells MHProNews their research has found that buying is 38 percent cheaper than renting in all of the 100 largest metropolitan areas. This study took into account all costs associated
Skyrocketing Rents are Creating Opportunities for Manufactured Housing Read More
The Institute for Building Technology and Safety (IBTS) announced this week their appointment to HUD’s Manufactured Home Dispute Resolution Program. Through the program, IBTS will enable citizens to exercise their rights related to manufactured home quality issues. On October 7, 2014, IBTS, principal subcontractor to the Savan Group, LLC, participated
IBTS Appointed to HUD Manufactured Housing Dispute Resolution Program Read More
Residents of the De Anza Cove Mobile Home Park at Mission Bay in San Diego, California, are preparing to move on. According to a report on SanDiego6, a $32 million settlement was reached for a legal dispute lasting 35 years between residents and the City of San Diego. City officials
32 Million not enough? MHC Residents Lose Battle to Remain or Collect Read More
A segment of the population that’s resisted home ownership in significant numbers are the Millennials. These adults under 35 offer a potential 8.3 million new millennial households formed between now and the end of 2018, says the Demand Institute. Many millennials are renting, which manufactured home community operator Ascentia says
Manufactured Home Community Operator sees value in helping Millennials become Homeowners Read More
Tracked manufactured housing related stocks advanced broadly in trading today. Federal Reserve Chair Janet Yellin suggests that rates will not rise rapidly and cheap oil is good for America, so the markets rose anew. Sony may be getting the next whammy from what could be a blast of cyber-economic
Nobility Leaps! Yellin’s Tellin’ – Cheap Oil, Low Rates, Keep Sellin’! Read More
Fracking related sales of manufactured homes and factory-built workforce housing is important in states such as TX, ND, OK, LA, OH and PA. There are mixed thoughts from sources on what the foreseeable economic impact on drilling activities may be from sliding oil prices. According to a December 16, 2014,
With Oil Prices still Falling, what’s the outlook and impact on Manufactured Housing? Read More
According to the Moscow-Pullman Daily News, a manufactured home community owner was called into court once again on Monday, December 15, 2014. Magar E. Magar of Vancouver, Washington was accused of failing to prove he completed the tasks assigned to him to provide safe drinking water at the Syringa Mobile
Judges Gavel Falls on MH Community Owner Read More
The Luna County government in Deming, New Mexico, says they’ve been losing revenue when manufactured homes are moved by owners without paying taxes on their homes. The town of 14,855, with some 25,000 residents in the entire country, is located 33 miles from the Mexican border. They estimate losing approximately
County Takes Action to Collect Tax Revenues on Manufactured Housing Read More
