Before jumping into the week that was, first a programing note for the work week starting Monday morning, around 4:30 AM ET. There will be an exclusive news item of interest for manufactured housing professionals. Looking back at the week of 11-30-2014 to 12.6.2014, big acquisitions and finance news were […]
Sunday Morning Weekly Recap – Factory Built – Housing News – for 11-30 to 12-6, 2014 Read More
According to Business Wire, the Kroll Bond Rating Agency (KBRA) announced the assignment of preliminary ratings to the Carefree Portfolio Trust 2014-CARE transaction (see ratings list below). MHProNews has learned that the Carefree Portfolio Trust 2014-CARE is a Commercial Mortgage Backed Securities (CMBS) single borrower transaction. It is collateralized by a
Kroll Bond Rating Agency Rates Carefree in the Manufactured Home Communities sector Read More
Sun Communities rose today on the news of their 7 MHC buy near Orlando. An apparently positive jobs report, and millennials poised to increase their presence in the home buying market are among the factors MarketWatch shared with MHProNews that could have spurred investors back up for Friday’s close.
Sun Shines on Acquisition announcement, MHCV rises along with Dow, NADAQ and S&P Read More
Institute for Building Technology and Safety (IBTS) has issued its manufactured housing shipment and production report for Sept. 2014. The IBTS report covers September figures in the U.S. for HUD Code manufactured housing. Totals for the period: UniSectionals © – Multi-Sectionals – Total Homes – Total Floors
IBTS Report shows Increased gains in Manufactured Home Shipments and Production Read More
While many in factory-built housing naturally tout the clear benefits of modular home building, recent housing reports reflecting gains in production of on-site home sales show those results dwarfs modular production. The National Association of Home Builders (NAHB) Chief Economist David Crowe sees good signs in housing overall. Crowe
Overall Housing Growth, but its a Mixed Bag with Modular Homes sales results Read More
The Street Insider tells MHProNews that Sun Communities, Inc. announced it’s entering an agreement to acquire 7 manufactured home communities (MHCs) including associated manufactured homes and other intangible assets. The MHCs are located in the Orlando, Florida area. The 7 MHCs are some 3,150 manufactured home sites. Approximately 60%
Sun Communities (SUI) Buying Orlando Manufactured Housing Portfolio in $258M Deal Read More
In today’s market home buyers want more for their money. MarketWatch tells MHProNews the top ten items desired by housing shoppers. While MH was not mentioned, those 10 hot buttons could be a road map for more manufactured home sales. Jeremy Burbank, Vice President of the Demand Institute said:
What are the Top 10 Items Home Buyers Want? Read More
“Customers come first. Starting with a resort-style level of maintenance, to adding amenities that meet the ever changing resident profile,” says Steve Adler, President and CEO of Murex Properties. Adler is the new Chairman of the National Communities Council (NCC). He is currently the most read article on MHProNew, in
Murex Properties CEO Steve Adler Rocks the House Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured home production growth continued during October 2014. Just-released statistics indicate that HUD Code manufacturers produced 6,505 homes in October 2014,
October production increase in new Manufactured Home shipments Read More
Wall Street Scope included UMH Properties, Inc (UMH) in their December 3, 2014 dividend report. UMH is in part the Real Estate Investment Trust (REIT) sector, and are a leader in manufactured home land lease communities. The firm is currently a high dividend stock with a dividend yield of 7.62% today and
The Scope says UMH Properties Inc. a High Dividend Stock Read More
Marketwatch spotlights a debate for MHProNews about which economy is bigger, the U.S. or China. They also question the argument that low gas prices are good for the economy. Whatever the case, the markets retreated from record highs today. MH Communities, builders and suppliers were mixed. For your ticker-tape pleasure,
Is US or China #1 Economy? Markets retreat, including MHCV Read More
In a recent Question and Answer column in Maine’s Tri-Town Weekly, a commentary by news writer John McDonald was published under the headline, DOWN THE ROAD A PIECE: On the move. McDonald’s column was in reply to an email received from “Frank,” who wrote: “We moved here from a southern
Negative views about Manufactured Housing in the media – do we just expect and accept it? Read More
It’s been about a year since the flooding in Lyons Colorado, and prior residents of the Riverbend Mobile Home Park are having a difficult time finding housing they can afford. Residents are coping with the reality that they’ve lost everything. Some are having a more difficult time adjusting than they
Advocates and Manufactured Housing experts working for Flood Victims Read More
Sun Communities Inc. (SUI) – part of the Real Estate Investment Trust (REIT) sector – closed at 58.41 +0.44 (0.76%) on Wednesday, Google Finance reported. Wall Street Scope says the return on investment is 5.00%, as of Tuesday, and Sun performed above average with a weekly performance of 1.85%, moving
Street Scopes out SUN Communities Inc. Read More
Marketwatch says that T. Boone Pickens predicts a return to $100 a barrel, but in the short term the slide of oil caused by OPEC is having an impact on Russia and their rubble. MH community connected stocks, producers and suppliers closed mix. Today’s results by-the-numbers… Dow 17,912.62 +33.07 +0.18%.
Liberty’s big Rise, Oil and Ruble slide, MHCV and DOW on upward glide Read More
The nation’s faced many up and downs with the financial and economic crisis. Seniors are facing their own. Higher costs of living on a modest Social Security payment has forced many to plan sooner and add more to their retirement. Seniors are being forced to retire later compared to ten
Seniors facing crisis, states the Economist and Senior Housing…but what about MH? Read More
The Pelham, AL City Council members decided to close the Belle Vista manufactured home community. Council members hope their decision will lead the way for a residential recreational community that includes a park and a walking trail. Residents are not happy with such a move. Marco Huerta, a Belle Vista
City and Residents locked in emotional tussle over MH Community closure Read More
Gentrification has become a hot topic in many parts of the U.S.. MHProNews took a look at the issue as it’s playing out for residents in a manufactured home community (MHC) in San Antonio. New residents coming to downtown are a welcome sight to local businesses. So a planned
Gentrification and Community Closure playing out Read More
Marketwatch points to the the opinion by some that America can win and ‘oil war’ with OPEC, which for now is leaving more money in the hands of U.S. and other consumers. Liberty Homes took the biggest dive in today’s factory-built housing connected stocks tracked by the Daily Business News,
Skyline and Sun Rise, Ditto MHCV, Dow, Nasdaq and S&P Read More
Mitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets said: “We are proud to announce our first ever K-Deal that includes a loan backed by a manufactured housing community asset.” MHProNews has learned from Marketwired that the non-recourse loans use Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities. The
Freddie Mac securitized financing for Manufactured Home Communities Read More
