News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
A recent op-ed by Mike Gonzalez, a senior fellow at the Heritage Foundation, puts a new spotlight on the coverage provided by NPR and poses serious questions about how the organization covers news. “Is National Public Radio’s description of an Obama urban directive as something that merely ‘links [government] funding […]
NPR and Fair Housing: Is “Liberal Bias” Creating Fake News? Read More
Clayton Homes, one of the nation’s largest builders of manufactured housing and a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A), is celebrating. “I’m so proud to continue the tradition my father, Jim Clayton, started – making the dream of homeownership a reality,” said CEO Kevin Clayton. “Over the past 60 years,
60th Anniversary Home, “Proud to carry on tradition of Jim Clayton” Read More
What a difference a storm can make. According to the Palm Beach Post, a tornado that ripped through the Juno Beach Condo Mobile Home Park last week put the issues surrounding manufactured home communities in Palm Beach county front and center again, as a combination of developers buying up communities
The End of MHC’s in Palm Beach County? Read More
Noteworthy headlines on CNNMoney – ACLU is participating in elite Silicon Valley accelerator. Dems boycott vote for Treasury pick Mnuchin. Exxon profit falls 40 percent. Oprah joins “60 Minutes” as a contributor. Some bullets from Fox Business – Warren Buffett: I bought $12 Billion of stock after Trump won. Trump’s
LPX, Manufactured Housing CV Up, Broader Markets Mixed Read More
Northpoint Commercial Finance has announced the addition of three Directors of Business Development. The addition of industry veterans Bob Swien, Rick Myers and Adam Stout is designed to strengthen the existing field sales team, provide enhanced regional coverage to service customers, and help further facilitate Northpoint’s robust growth across a
Northpoint Commercial Finance Expands Team Read More
Students at Norwich University in Vermont have taken affordable housing into their own hands, by developing the CASA (Creating Affordable Sustainable Architecture) 802, a 324-square-foot micro home that provides sustainable housing for people from all income levels. In a conversation with MHProNews and MHLivingNews, Norwich University Professor Tolya Stonorov shared
University Students Develop, Build Tiny Home Design Read More
Washington, D.C. – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that, at a Duty to Serve (DTS) “listening session” conducted by the Federal Housing Finance Agency (FHFA) in Chicago, Illinois on January 25th, it advised FHFA officials and representatives of the FHFA regulated Government Sponsored Enterprises (GSEs), that the
MHARR to FHFA: Duty to Serve Without Chattel is Unacceptable Read More
A vision for modular housing has made a huge impact at the recent STEM (Science, Technology, Engineering, Mathematics) Spotlight Awards in Vancouver, Canada. According to the Vancouver Sun, British Columbia Institute of Technology (BCIT) civil engineering student Stephen Cohos won the $20,000 grand prize during the inaugural edition of the
Top Prize for Residential Modular Visionary Read More
Noteworthy headlines on CNNMoney – Treasury pick Mnuchin faces committee vote. Starbucks unveils chatbot app for ordering. What is ExxonMobil doing in Iraq? Why NY’s “tuition-free” colleges will still cost $14k. Some bullets from Fox Business – Trump to add CIA Director to National Security Council. Does Verizon want to buy
AMG Soars, Manufactured Housing CV, Broader Markets Down Read More
Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) tells MHProNews that the company has closed on two Canadian acquisitions worth $26.2 million, including 153 apartment units in London, Ontario, and 66 units in Calgary, Alberta. On December 22, Killam acquired a five building portfolio in London for $13.4
Killam Properties Makes Significant Moves Read More
Affiliated Managers Group, Inc. (NYSE: AMG) reported its results for the fourth quarter and full year 2016 today. For the fourth quarter of 2016, diluted earnings per share (EPS) were $2.67, compared to $2.67 for the same period of 2015; net income was $150.2 million, compared to $147.5 million
AMG Reports Q4 Results, Update on Dividends Read More
As populations around the world continue to grow, a recurring theme is the need for housing. More directly, many nations have declared a “housing crisis” and are looking for solutions. One of the nations where the need is most pronounced is the U.K., where a report by Cast CEO Mark
Prefab and Modular Front and Center in Solving Housing Crisis Read More
As we wrap up the month of January, our featured articles are found on the MHProNews.com home page. Our theme for this month is: Jiu Jitsu January in Manufactured Homeland, USA. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click
“The manufactured homes chattel lending market poses challenges and risks for the enterprises” – FHFA statement in its request for comments on the Government Sponsored Enterprises (GSEs) Duty to Serve Manufactured Housing. “This is a great opportunity for consumers of affordable housing to have additional lending options…” – Cody
“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending Read More
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray has finally spoken in the wake of President Trump’s inauguration, per the LA Times. And he’s not pulling any punches. “The new administration really shouldn’t change the job at all,” said Cordray at a forum held by the Wall Street Journal.
Cordray Defiant, Says Trump Won’t Change Agency Read More
In Sumter County, Florida, the County Commission approved rezoning 26 acres in rural Wildwood to allow development of a 110-unit subdivision with manufactured homes or townhouses. And some of the residents were not pleased. According to Villages News, in an attempted case of NIMBY (Not-In-My-Back-Yard), a survey of nearby residents
NIMBY Rears its Head on Proposed MH Community Read More
Noteworthy headlines on CNNMoney – CEO who backs Trump: People must be realistic. Starbucks still has a problem with long lines. Wells Fargo complaint website has vanished. Apple patents a vaporizer. Some bullets from Fox Business – After sharp 4Q slowdown, are Trump’s policies the prescription America needs? Why Keystone
LCI, NorthStar Gain, Manufactured Housing CV, Broader Markets Dip Read More
UMH Properties (NYSE: UMH) celebrated its 50th anniversary at the New York Stock Exchange last week, including ringing the closing bell. At the same time, a Nashville publication that had previously offered the company praise was telling a very different story. According to the Tennessean, residents at UMH owned properties
Publication Flip-Flops on UMH, NPR Effect in Play Read More
North of Calgary, Alberta, Canada, the Town Administration of Sylvan Lake was looking for clarification from the town council on recent changes to a land use bylaw for manufactured and modular homes. And it received a very interesting answer. It appears the bylaw is designed to stop manufactured or
Does New Bylaw Discriminate Against Manufactured Homes? Read More
Patrick Kennedy, owner of Panoramic Interests, a San Francisco, California based developer specializing in prefab homes, believes he has a partial solution to the Bay Area’s chronic homelessness problem. Now he’s invited the East Bay city of Berkeley to take a look at that solution with a prototype installed next to City Hall.
Tiny Prefab Builder Takes His Show on the Road Read More
