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.
MHProNews has learned from prnewswire that manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH) will hold its 2nd quarter 2016 financial results webcast and conference call Fri., Aug. 5, 2016 at 10:00 AM eastern time. Senior management will assess the results, current market conditions and future outlook. UMH’s second […]
UMH Properties to Release, Discuss Q2 2016 Financials Read More
According to what RealtyTrac tells MHProNews, their Home Affordability Index indicates housing markets were less affordable than their historic norms in 18 percent of counties nationwide for the 2nd quarter. In the first quarter only five percent of counties were less affordable than their historically normal levels, having risen 13
Housing Affordability Falls 13% Q1 to Q2 2016 Read More
MHProNews has learned that the Calcasieu Parish police jurors in far southwestern Louisiana voted 13-1 to approve rezoning from single-family residential to manufactured home community (MHC) for a 336-home site property on U. S. 90 East. Johnny Guillory, speaking on behalf of His Heirs LLC, called it a manufactured home
Calcasieu Parish in LA Approves Manufactured Home Community Read More
The sale of new homes fell six percent in May, 2016 to a seasonally-adjusted annual rate of 551,000 homes, according to the Department of Housing and Urban Development (HUD) and the Census Bureau, but 8.7 percent above May, 2015 sales. “New home sales are up relative to the first few
New Home Sales Fall in May but Remain above May 2015 Read More
In an attempt to preserve affordable housing, Oregon House Speaker Tina Kotek (D-Portland) convened a gathering at Portland City Hall to discuss what steps can be taken to preserve manufactured home communities (MHC), in the throes of a hot real estate market that sees them potentially jeopardized with redevelopment. Noting
Oregon Legislator Wants to Preserve Manufactured Home Communities Read More
In the news from CNNMoney: In the wake of the vote by great Britain to leave the EU, Millennials are clamoring, “You’ve stolen our future.” Other EU countries are discussing having their own referendum. EU is a large trading partner with China and the U. S. Barnes and Noble to
Dow Plummets 610 Points; Most MH-related Stocks Drop, led by AMG Read More
President Jan Mikoluszko of Poland’s modular builder Unibep said the company is pulling out of Germany and ending its presence in Russia as well because “there is no space for foreign general contractors.” The company will now turn its attention to entering the Swedish market, as wbj.pl tells MHProNews. Mikoluszko
Polish Modular Builder Unibep Eyeing Sweden Read More
In a video interview at REITWeek 2016:NAREIT’s Investor Forum, Sam Landy, President and CEO of UMH Properties, Inc. (NYSE:UMH), commenting on the 31 percent increase in core funds from operations (FFO) in Q1 2016, said: “It’s what we have been planning going back about six years when we started doing
Freddie Mac may Finance Rental-only Community for UMH Read More
In the news from CNNMoney: Dow rises as investors bet Great Britain will remain in the EU. Google’s new robot can wash dishes. NFL and Cirque du Soleil are teaming up. OPEC oil revenue falls to 10-year low. Zika vaccine makers stock is on fire. Asian millionaires ow the wealthiest
UFPI Gains 4.51 percent; MHCV Advances 2.36 Percent Read More
A new report from the Harvard University Joint Center for Housing Studies indicates home ownership rates have fallen over the last ten years to 63.7 percent, as Millennials continue living in their parents’ basements or are renting. MHProNews has leaned from washingtontimes that 36.4 percent of U.S. households opted to
Family Formation May Increase but Homeownership May Not Read More
Manufactured home producer Fleetwood Corp. in Western Australia has entered into a five-year agreement with NLV Group (National Lifestyle Villages) to supply them with manufactured homes for retirees. Fleetwood will produce the homes at its High Wycombe plant in Perth and install them in NLV communities across Western Australia. NLV
Australian MH Producer gets Five Year Deal Read More
As part of the USDA’s Rural Development Energy Efficient Manufactured Home Pilot Program, Dennis Miller is the first to purchase an energy efficient modular home, celebrating National Homeownership Day, in Putney, Vermont. Representatives of the USDA and Windham and Windsor Housing Trust (WWHT) were also in attendance. The program allows
USDA Offers Low Interest Loans for Manufactured Home Purchase Read More
With interest rates remaining low and unemployment slowly falling, U. S. existing home sales hit their highest pace in nine years last month, as sales rose nearly two percent from April to May to a seasonally-adjusted annual rate (SAAR) of 5.53 million, according to data from the National Association of
Existing Home Sales in U. S. Rise to Highest Pace in Nine Years Read More
MHProNews has learned from radionz.co.nz that the New Zealand government is contemplating building modular homes to meet the shortage of low-income housing in Auckland. Affordable Housing Minister Mrs. Paula Bennett said plans call for an initial round of 130-150 modular homes to determine if they meet the need. Housing New
New Zealand Considering Modular Homes to Meet Housing Shortage Read More
In the news from CNNMoney: When Congressmen demonstrated for gun control legislation on House floor, congressional leadership turned off C-SPAN cameras. Donald Trump says the whole economy is “rigged”. Rio gets huge Brazil bailout weeks before the Olympics. Ultrasonic dryer can dry your clothes in half the time. Eleven million
MHCV Closes up Just Under 1400; Dow, NASDAQ and S&P all Edge Down Read More
Following concerns expressed by manufactured home community (MHC) residents in Arcata, California regarding rising site rents, the Arcata City Council directed the Community Development Department to take a demographic survey of MHC residents as well as the history of rents. As times-standard tells MHProNews, Community Development Department specialist Mohamad Alnakhlawi
Arcata, CA Residents Concerned about Rents in MH Community Read More
Updating a story MHProNews last posted Aug. 28, 2015 regarding the closing of the Life O’ Riley manufactured home community (MHC) in Lansing, Michigan in 2014 after it was condemned, and subsequent forced removal of the residents because of unsanitary conditions, the MHC faced a deadline of June 18, 2016
Condemned Michigan MH Community Misses Deadline, Faces Demolition Read More
The head of the Consumer Financial Protection Bureau (CFPB) is now the target of television ads that allege Dir. Richard Cordray is going to run for governor of Ohio, and that the CFPB is seeking to limit arbitration clauses, which is seen as beneficial to plaintiff attorneys. MHProNews has learned
CFPB Director Richard Cordray Targeted in Ads Read More
Milwaukee’s most successful and oldest independent non-profit, Milwaukee Christian Center Neighborhood Improvement Project (MCC-NIP), the developer of 41 houses over the last decade that have been sold to low to moderate income homeowners, is building a modular four-bedroom, three-bath home. Funded by the Department of Housing and Urban Development (HUD),
Non-profit Building Modular Home in Milwaukee for Low-income Family Read More
In the news from CNNMoney: America’s upper middle class is thriving. Boeing deal will send 100 new jetliners to Iran. California faces summer blackout risk amid gas shortage. Voters trust Tumrp over Clinton on economy. Moody’s says Trump’s plan would cost 3.5 million jobs. Walmart buys stake in Chinese online
Skyline Gains +3.54%; Nobility Falls -3.57% Read More
