Willmar, Minnesota’s City Council, following a preliminary okay for tax abatement for the owner of Regency East Mobile Home Park. The hearing is set for December 1. Passage would mean $2500 a year in abatement for the next 10 years, as an offset for negative cash flow during the planned […]
“Real estate has traditionally been slow to change but interviewees hope and expect significant innovation in the industry – particularly related to putting value on service as much as the physical product.” So says part of a new study released by CBRE and China-based Genesis, a property developer entitled
Syndicated columnist George Will – as published in the Chicago Tribune – outlined a 6 point agenda recommended to Republicans who will control both the House and the U.S. Senate in 2015 as a result of the midterm elections. First up, says Will? One that would be popular with many
Marketwatch tells MHProNews of word that elements of ObamaCare (ACA) heading back to the U.S. Supreme Court sent health care stocks into a slide; but the markets overall rose and the Dow closed with a new high. Berkshire Hathaway is one to watch, with a move into the auto market
ACA heading back to the Supremes, keeps markets more muted at closing bell Read More
A Patrick Industries (NASDAQ:PATK) major shareholder, Jeffrey L. Et Al Gendell, sold 5,869 shares on Wednesday, November 5th. The sales was reported in a legal filing with the Securities & Exchange Commission, as found on this link, and was for an average price of $43.99, for a total transaction of
Insider Trading of MH stock reported, profit taking from current bull run or…? Read More
With prefab homes gaining popularity in Europe, a pair of German university researchers came to the U.S. to study manufactured housing. Christopher Hellmann and Maximilian Offizier, who are production researchers at Technische Universitat Munchen (Technical University of Munich), toured the Clayton Appalachia Home Building Facility in Andersonville, Tenn., PR Web
German University pre-fab housing researchers tour U.S. manufactured home facility Read More
In Volume vs. Quality, as Affordable Housing Plan Evolves, posted under “admin” for Chelsea Now (CN) looks at Mayor Bill de Blasio’s “Housing New York: A Five-Borough, Ten-Year Plan” to build or preserve 200,000 affordable apartments in New York City. The article brings into focus a number of fascinating points
Let’s Talk discussion around New York’s Affordable Housing Read More
The owner of the Syringa Mobile Home Park in Moscow, Idaho is intending to close the property, following a nearly yearlong legal battle over the park’s water systems, Lewiston Morning Tribune tells MHProNews. Latah County 2nd District Judge John R. Stegner told Moscow attorney Gregory Rauch Wednesday that if his
Moscow’s MH Park heading for closure? Read More
Effective immediately, manufactured homes will be eligible for CalHFA FHA first mortgages, including CalPLUS FHA first mortgages, California Manufactured Housing Institute (CMHI) tells MHProNews. Eligible manufactured homes must meet all FHA and US Bank guidelines, including requirements for a permanent foundation. The borrower’s minimum credit score must be 660 or
CalHFA FHA First Mortgages will accept Manufactured Homes Read More
Marketwatch tells MHProNews that investor sentiment is ‘unusually high.’ Indeed, the post election bounce to the market continued today, with all three of the tracked indexes rising. Most manufactured home community stocks slid today, as did the MHCV. Dow 17,554.47 +69.94 +0.40%. Nasdaq 4,638.47 +17.75 +0.38%. S&P 500 2,031.21 +7.64
Dow continues rise, MH Composite Value slides… Read More
The American Banker’s Association (ABA) has released their analysis of the 2014 mid-term elections. MHProNews has obtained their statement. Quoting, “After countless television and radio spots, endless debates and campaign expenditures of nearly $3.7 billion, the control of the U.S. Senate is now in the hands of Republicans and, as
American Banker’s Association analysis of the 2014 MidTerm Elections Read More
The British Mace Group is entering into a deal with China Building Technique Group, Construction News tells MHProNews. Their agreement is said to be time to ahead of the £1bn Royal Docks bid. The Chinese firm’s website says, “China Building Technique Group Co., Ltd. (CBTGC), established in 1987, is wholly-owned
Chinese building giant enters deal with Mace Read More
The manufactured housing industry is already planning to introduce legislation in the House and Senate to loosen the definition of points and fees under the Qualified Mortgage Rule, an industry source tells MHProNews. The move could bode well for manufactured housing industry lenders, retailers, communities and their consumers. The report
Flash Report – Manufactured Housing Industry plans to act on the Republican Sweep Read More
The Better Business Bureau (BBB) has issued a warning about modular home firm, Better Built Homes, based in St. Augustine, Florida. The BBB asserts that there have been 6 complaints since March 2014. The BBB says consumers are “alleging that they have signed a contract with the company and paid a
Lawsuit and BBB warning about modular home retailer Read More
Governor Nathan Deal announced Monday that Live Oak Homes, a factory home builder, will expand to Broxton GA, creating 200 jobs and investing $1.4 million into the project over the next two years. “Forward-looking companies such as Live Oak Homes are excellent additions to our solid manufacturing network,” WTOC quoted Deal
Manufactured home builder expanding, creating 200 new jobs Read More
CNN Money suggests to MHProNews that investors like the resolution that comes from the close of an election. “After midterms, you often get deals that investors view favorably. Ultimately, you end up with higher stock prices,” said Dan Greenhaus, chief global strategist at BTIG. But other sources suggest that the
The Dow rises 100 points on post mid-term election results Read More
The Hill tells MHProNews that the Tuesday November 4th edition of the Federal Register contains “new rules for computer power cords, airplanes flying in icy conditions, mobile home construction standards, and credit unions.” The Federal Register’s document is styled: Billing Code 4210-67, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, [Docket No. FR- 5803-N-01],
Lane Anderson at theDeseret News is one of the writers and various media outlets that picked up on The Atlantic’s recent article, The Case for Trailer Parks. Lane writes, “According to 2013 data from the Harvard Joint Center for Housing Studies, 50 percent of renters in the U.S. spent more than 30
Deseret News runs “Trailer Park” solution “report” Read More
The Virginia Manufactured and Modular Homes Association (VAMMA) announced the passing away of William Henry Moody, 73, of Covington. Moody died Saturday, November 1, 2014, in Carilion Roanoke Memorial Hospital. Mr. Moody was born April 12, 1941, a son of the late H.F. and Sallie Carter Moody. In addition to
Industry Veteran William Moody, dies Read More
At 3:09 AM ET, Republican red was projected to carry a net pickup of at least 7 U.S. Senate seats, possibly as many as 9 once the dust settles in Alaska and Louisiana. One of the lesser touted stories was the surge for Republicans in gubernatorial races, where tight
Rivers of Red – Elephant in the Room Read More
