As the name implies, we’re launching a new MHProNews feature that will make it easier for the Sunday morning coffee drinker to pick up their tablet, smartphone or laptop and catch up on news as it relates to the manufactured housing industry. What that means is we cover manufactured, modular […]
Sunday Morning Manufactured Housing Daily Business News Weekly Recap – 11.9-15.2014 Read More
Rob Chrisman writing in Mortgage Daily News thought the $10.5 million dollar Freddie Mac financing deal in MH was so important, he devoted part of his pre-mid term election headline to the news. Chrisman points out in part that the gap between new conventional housing and resales has hit a
Manufactured Housing and the Freddie Mac deal, revisited Read More
Worchester Magazine’s correspondent Walter Bird Jr. tells MHProNews that “Worcester Housing Authority (WHA) Executive Director Ray Mariano recently announced a mandatory program that would, in part, require at least one household member to work, go to school or face eviction after three years – the program was an extension of
The other side of Public Housing and Public Policy on Manufactured Housing Read More
Reuters tells MHProNews that “The Republican-led U.S. House of Representatives approved the Keystone XL pipeline on Friday, but a similar measure struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto…” Since investors like predictability, is it any wonder a modest slip
Showdown over Keystone? Dow dips, but Manufactured Housing Composite Value Rises Read More
WSPD reports that Toledo, Ohio’s Bel-Air Mobile Home Park has had U.S. Mail delivery restored after nearly two weeks of suspended service. A postal spokesperson said that the route’s mail carrier was repeatedly threatened by an unrestrained dog. The postal service alleged that the owner of the animal was uncooperative
In the aftermath of a largely favorable report on Manufactured Housing (MH) by the Government Accounting Office (GAO), and a more problematic one in its wake from the Consumer Financial Protection Bureau (CFPB) on MH lending, MHARR’s current president released a memo outlining 7 ares of concern regarding the HUD
Memo asserts HUD Code Manufactured Housing Program “Seriously Off Track” Read More
Writing in the SentinelNews, Michael London spotlights a private property rights issue in the town of Howell, Utah where citizens who happen to own mobile or manufactured homes are claiming their 4th Amendment rights under the U.S. Constitution are being violated by the Howell Town Board. London writes, “The town
Howell Utah Violating 4th Amendment Rights of Mobile and Manufactured Home Owners? Read More
Florida has enacted smart policies, says Pete Sepp – President of the National Taxpayers Union – which shifted risk from a state-backed insurer to a wider pool of global private investors. Writing in the Orlando Sentinel, Sepp asserts that “In 2005, when hurricanes Wilma, Katrina and Rita battered the Gulf
Marketwatch shared the following bullets with MHProNews that investors watched, which net moved them back into the upswing, after the post election rally snapped yesterday. • Fed’s Dudley: Still too soon to lift interest rates • U.S. budget deficit widens in October • Sell gold, brace for tanking oil —
Deer Valley Spikes, Manufactured Housing Composite Slides Read More
Japanese variety store Muji is rolling out its pre-fabricated home, to be sold via its retail outlets. Unlike past Muji prefabs, there doesn’t appear to be a notable Japanese architect attached to Vertical House — perhaps it was designed in-house. Svelte and sleek, the three-story split-level residence is completely free of
No-frills Muji prefab designed for Tiny Urban lots Read More
Affordable housing is vanishing in Chicago, write’s Andrew Geer, vice president and Chicago market leader of Enterprise Community Partners inCrain’s Chicago Business. Half of Chicago renters pay more than 30 percent of their income in rent. Thirty percent face housing insecurity, paying more than 50 percent of their income for housing.
Vanishing affordability for housing in Chicago and beyond? Read More
Andrew Dodson’s report for MLive says that Bay City, Michigan’s decline in real estate sales year-over-year is a reflection of national trends. October home sales in Bay County were down 6.5 percent, the second consecutive month of declines. 1,041 homes have sold in 2014, down from 1,052 a year ago
Wounded Sargent First Class Bacary Sambou will get a free home, thanks to the joint effort of Hannibal Square Community Land Trust Inc., Palm Harbor Homes and Fairways for Warriors. The house will be located on a lot at 663 Symonds Ave., donated by the city of Winter Park, FL
Wounded Vet to get free Palm Harbor Home Read More
Where do federal tax dollars go? CNN Money provides some insights, in their 6 minutes video, “We the Economy.” As you’ll see in their report, three big items dominate 70% of all federal spending. So the balance of the federal budget makes up 30% of the spending. What this specific
There are signals, says MarketWatch, that indicate that some profit taking may be in order. Investors watched as the big board closed with a slight dip, breaking the 6 days of record setting highs. Most tracked manufactured housing related stocks were up at the closing bell. Dow 17,612.14 -2.76 -0.02%. Nasdaq 4,675.14
Take Profits, says MarketWatch, most Manufactured Housing stocks rise Read More
Effective today, George “Chip” Asch, Vice President of Credit Administration for U.S. Bank Manufactured Housing Finance has said that the firm will exit the Indirect MH lending business. U.S. Bank will continue to offer loans for manufactured housing consumers through U.S. Bank Home Mortgage and their branch network. Beginning November
US Bank Exits from Indirect Manufactured Housing Lending Read More
The fight goes on to protect thousands of manufactured homes owners and some related businesses in Bulloch County, GA. WTOC tells MHProNews that “Hundreds of mobile home owners demanded changes at a meeting last night in Bulloch County, where commissioners will adopt restrictions they passed last month. Under the rules,
Former New York City Mayor Michael Bloomberg said harsh regulation on financial institutions are hurting Main Street. Speaking at a conference, Bloomberg lashed out at laws that are arguably helping his own firm, which provides servcies to the financial industry. “It’s good for the terminal business,” he said. “Some of
Michael Bloomberg says Dodd-Frank “Stupid,” slamming it and ObamaCare Read More
American Land Lease, Inc. announced that it’s Company’s Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Shares. Dividends on the Company’s Series A Preferred Shares are payable on December 1, 2014 to shareholders of record as of the close of business on November 20,
American Land Lease announces Dividend Read More
Carefree Communities, Inc. announced Monday that it has acquired family-owned Vedder Communities 18 manufactured home land lease communities, with 4,530 sites in California. The Vedder acquisition, Carefree says, makes them the 5th largest owner/operator of manufactured home and RV communities in the nation, boasting some 101 properties and more than
Carefree Communities closes on 18, says now #5 in MHC holdings Read More
