MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites […]
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15
Sun Communities ordered to Remove Tree or be Fined Read More
In the news from CNNMoney: Gold tumbles to six-year low. Tim Cook shakes up Apple’s management. New moms at PayPal get 16 weeks paid leave, dads get eight weeks “bonding leave.” Argentina’s currency is crashing by 30%. Next year rents are expected to rise 3-5 percent. Smart socks pause Netflix
MHCV Falls nearly two percent; Dow Drops just under 1.5 Percent Read More
Residential building permits rose 11 percent over October, 2015, and 19.5 percent higher than Nov. 2014, according to what realtor reports from the statistics issued by the Census Bureau and the Dept. of Housing and Urban Development (HUD). Multifamily building permits rose 30.8 percent month-over-month and 38.9 percent year-over-year. The
Building Permits, Groundbreakings Up for the Month and Year Read More
Following a pattern since Nov. 2014, as MHProNews has reported numerous times, Jeffrey L. Gendell is shedding more Patrick Industries, Inc. (NASDAQ:PATK) stock, this time 6,835 shares for $40.12 per share for a net of $274,220.20. Major shareholders that own ten percent or more of a stock are required to
Gendell Continues Off-loading Patrick Stock Read More
MHProNews has learned from newswire.ca that SpruceLand Properties, Inc. of Edmonton, Alberta, Canada has agreed to sell its portfolio of manufactured home communities (MHC) and commercial properties to two independent buyers for $101.6 million. The sale agreement for the two MHCs carries a price of $40.6 million, to be satisfied
Spruceland of Canada selling both Manufactured Home Communities Read More
Word has arrived from New South Wales (NSW), Australia that manufactured home community (MHC) owner Ingenia Communities has acquired South West Rocks Tourist Park in NSW for $8.5 million ($6.03M USD), but only the business and not the land, reports abc.net.au. As MHProNews posted Oct. 21, 2015, Ingenia acquired Lakeside
Ingenia Buys Tourist Park, Adding 54 Manufactured Homes Read More
In the news from CNNMoney: Facebook and Uber launch new partnership. Federal Reserve finally raises interest rates, minimally. Men’s Warehouse founder rents tuxedos on line. Americans saved $540 on gas this year. Stores not happy with warm December. Disney spent $4 billion on Lucasfilm and new Star Wars. 134 American
Dow, several MH-related Stocks Advance on news of Interest Rate Hike Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Federal Housing Finance Agency (FHFA) has issued a new “duty to serve (DTS) underserved markets” provision of the Housing and Economic Recovery Act of 2008 (HERA). However, the DTS credit will not be available under the proposal for
MHARR Underscores Need for MH Chattel Loans to be Included in new Duty To Serve Proposal Read More
Homebuilder sentiment fell one point, from 62 down to 61 in December, according to the National Association of Home Builders (NAHB), missing the consensus forecast of 63. “Overall, builders are optimistic about the housing market, although they are reporting concerns with the high price of lots and labor,” said NAHB
Housing Market Index Slips Read More
The Manufactured Housing Institute (MHI) informs MHProNews that congressional leaders have announced a $1.1 trillion omnibus appropriations spending bill to keep the government funded through fiscal 2016, but none of the Dodd-Frank Act reforms were included. Rep. Stephen Fincher (R-TN), the sponsor of the Preserving Access to Manufactured Housing Act
Dodd-Frank Reform not Included in Omnibus Appropriations Bill Read More
The Federal Housing Finance Agency (FHFA) released a plan today, Dec. 15, 2015, that gives owners of manufactured home communities (MHCs) the opportunity to access financing by Fannie Mae and Freddie Mac (the GSEs), according to what nationalmortgagenews tells MHProNews. It also would provide incentives for states to convert manufactured
FHFA Proposal could Reform Sale of Manufactured Homes Read More
According to wareham-ma.village soup, Wareham, Massachusetts Selectmen Peter Teitlebaum reported to other members of the Wareham Board of Selectmen that he testified at a legislative hearing in Boston in support of Wareham’s home rule petition. It would allow the town to count manufactured homes as affordable housing in order to
Massachusetts Town wants to Classify Manufactured Homes as Affordable Housing Read More
A public hearing by the Cold Spring (New York) Zoning Board of Appeals may determine if a three-bedroom modular house and accompanying garage may be sited at 230 Main St. across from Philipstown’s 1867 Town Hall, according to phillipstown.info. Prepared by Westchester Modular Homes for Sarah DeFranco, plans for the
Modular Home Proposed for Long Vacant Historic Property Read More
In the news from CNNMoney: Lower fuel costs send airline profits skyrocketing. It has been nine-and-a-half years since the Federal Reserve last raised interest rates.—June 29, 2006. One source estimates there are 71,000 people in the West—North America, Europe and Australia—who may be “prone to radicalize.” Some analysts say the
Fed expected to raise Interest Rates at their Meeting Wednesday Read More
As MHProNews reported April 25, 2014, Stonecliff Properties was replacing the infrastructure at its Port Edward manufactured home community (MHC) in the far northwest of British Columbia, Canada in Port Edward, just south of Alaska. Stonecliff restricted access to the community to work vehicles and equipment only, from April 28
Residents Removed from Land Lease Community in north British Columbia Read More
A bipartisan House supermajority has turned back the Consumer Financial Protection Bureau’s (CFPB) auto loan rules after discovering the agency was guessing the racial identity of auto borrowers and filing suit against the auto dealers for discrimination in lending, based on who they thought was a minority and who they
CFPB based Car Loan Lawsuits on Information it Knew was Bogus Read More
In Brooklyn for nearly 20 years, modular builder Capsys will close their manufacturing plant in Brooklyn’s Atlantic Navy yards, laying off 54 union employees, according to what Crain’s New York tells biztimes, as the company looks for a more affordable location. As MHProNews published March 12, 2014, Tom O’Hara, the
Modular Builder Capsys closing Brooklyn Navy Yards Facility Read More
In the news from CNNMoney: Natural gas prices half of last winter’s. Seattle voting on bill to allow Uber drivers to unionize. Oil prices fall below $35 as the industry braces for Iranian oil hitting the market. South Africa’s economy is in a mess. Smartphone’s battery can last up to
AMG Drops nearly 13 percent in Two Days; Dow Regains 103 Points Read More
Following a story MHProNews initially posted Nov. 13, 2015, regarding a new ordinance in Mohave County, Arizona that requires manufactured homes (MH) moved within the unincorporated areas of the county to be no older than seven years, MH owners protested at the County Commission meeting, leading commissioners to postpone voting,
Commissioners Step Back from Restrictive Seven-year Ordinance Read More
