Manufactured and Modular Housing News

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.

NAR Forecasts Strong Existing Home Sales in 2016, Calls for more Starter Homes

By / / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Despite continuing inventory, affordability and student loan hindrances to homeownership, the National Association of Realtors (NAR) predicts 2016 will be the strongest year for existing home sales since 2006. Lawrence Yun, the NAR’s chief economist, speaking at the association’s Legislative Meeting,predicts pre-owned home sales will hit 5.4 million this year, […]

NAR Forecasts Strong Existing Home Sales in 2016, Calls for more Starter Homes Read More

Patrick Industries Outperforms other MH-Related Stocks

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: McDonald’s testing fresh beef hamburgers at select outlets in Texas. Alcohol sales fall for first time in 20 years. Subaru tells drivers of recalled autos: stop driving now. Just ahead of the Olympics: Can a new president save Brazil’s crippled economy. Nissan to spend $2.2

Patrick Industries Outperforms other MH-Related Stocks Read More

NorthStar Selling Manufactured Home Community Portfolio for $2.04B

By / / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

Following a story MHProNews posted May 11, 2016 regarding manufactured home community (MHC) owner NorthStar Realty Finance Corp., costar reports NorthStar is selling its portfolio of 135 manufactured home communities to a fund managed by Brookfield Asset Management Inc. for $2.04 billion, 33,010 home sites, the equivalent of $61,800 per

NorthStar Selling Manufactured Home Community Portfolio for $2.04B Read More

Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC

By / / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

A United States District Court jury awarded the owner of Colony Cove manufactured home community (MHC) $3.3 million in damages against the city of Carson, California for violating his constitutional rights by repeatedly rejecting his proposed rent increases going back to 2006. According to dailybreeze, owner James Goldstein, the largest

Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC Read More

Vancouver Chooses Sites for Modular Homes for Homeless

By / / Business, Canada, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

Following a story MHProNews last reported Feb. 25, 2016, Vancouver, British Columbia, Canada will soon be witnessing the arrival of modular housing units, each 250 square feet, for homeless singles and families. The city has pinpointed two sites for the homes. One site will accommodate 40-80 micro units, each with

Vancouver Chooses Sites for Modular Homes for Homeless Read More

Modular Homes being Promoted in UK by Builders and the Government

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

MHProNews has learned that one of the United Kingdom’s largest construction companies will build a factory next to its existing manufacturing facility, Explore Industrial Park in Steetley, Worksop, Engalnd for the construction of modular homes. Laing O’Rourke’s current state-of-the-art site produces components used in homes it builds across London and

Modular Homes being Promoted in UK by Builders and the Government Read More

Owner of MHCs Carlyle Group Outshines other Stocks, Gains Nearly Four percent

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Is Facebook protected under the First Amendment? Trump is a ‘rain doctor’ during a drought. Google is worth more than Apple. Political fear is paralyzing investors. Defense stocks near all time high. Europe’s banks too scared to deal with Iran. Obamacare insurance premiums may rise

Owner of MHCs Carlyle Group Outshines other Stocks, Gains Nearly Four percent Read More

Officials in Alberta’s Fire-whipped Fort McMurray Considering Modular Homes

By / / Canada, Events, Manufactured and Modular Housing News, Modular

Following a story MHProNews last posted May 5, 2016 regarding the wildfires that have engulfed Fort McMurray in Alberta, Canada, forcing the evacuation of 90,000 residents and destroying ten percent of the city, Mayor Melissa Blake said the first priority is to get temporary housing so the shuttered oil companies

Officials in Alberta’s Fire-whipped Fort McMurray Considering Modular Homes Read More

U. S. Housing and Economic Progress is Making Haste Slowly

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

San Jose, California led 119 of the 340 metro housing markets nationwide in returning to or exceeding their last normal levels of economic and housing activity in Q1 2016. The markets are gauged by measuring the averages of housing permits, price and employment levels for the past 12 months, and

U. S. Housing and Economic Progress is Making Haste Slowly Read More

Clayton Homes Inaugurates Birmingham Home Show

By / / Announcements, Business, Company News, Events, Manufactured and Modular Housing News, Manufactured Homes, Trade Shows

Employing 2,142 team members from 10 supply operations and seven home building facilities in Alabama, as well as having built 5,734 homes in the state, manufactured home builder Clayton Homes will host its very first Birmingham Home Show May 17-19, 2016, at the Birmingham-Jefferson Convention Complex. Showcasing 27 homes, Keith

Clayton Homes Inaugurates Birmingham Home Show Read More

Innovative Building Systems Closing; Champion may Pick up the Pieces

By / / Manufactured and Modular Housing News

Following a story MHProNews last posted May 7, 2016 regarding the purported bankruptcy of Innovative Building Systems (IBS) and the subsequent closing of subsidiary Keiser Homes in Oxford, Maine, richmond reports from Rocky Mount, Virginia that IBS-owned Mod-U-Kraf and Excel Homes has also closed here, idling up to 219 workers,

Innovative Building Systems Closing; Champion may Pick up the Pieces Read More

CFPB may Investigate Seller-financed Home Sales

By / / Business, Finance, home buyers, Legal, Manufactured and Modular Housing News, regulation

With a focus on people who cannot qualify for a mortgage, especially low-income families who have been denied bank lending, a revival in seller-financed home sales has attracted the attention of the Consumer Financial Protection Bureau (CFPB) because of concern some of the dealings may violate federal truth-in-lending laws. One

CFPB may Investigate Seller-financed Home Sales Read More

NorthStar Spinning off Manufactured Home Community Portfolio

By / / Business, Communities, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned that Colony Capital Inc., a Los Angeles-based international investment and asset management firm, is negotiating to acquire NorthStar Asset Management Group, Inc. which split off from NorthStar Realty nearly two years ago, resulting in the decline of both stocks. NorthStar Realty is a real estate investment trust

NorthStar Spinning off Manufactured Home Community Portfolio Read More

UMH Properties to Add Rental Homes

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

In the wake of UMH Properties, Inc. solid first quarter, the company plans to add 700-800 rental homes in fiscal year 2016, saying, “Our strong Q1 results represent an excellent start to 2016 that we intend to build upon going forward,” according to thefly. As MHProNews reported May 9, 2016,

UMH Properties to Add Rental Homes Read More

Manufactured Housing Issues Remain from Hurricane Sandy

By / / Announcements, Events, Manufactured and Modular Housing News, Manufactured Homes, People

Three-and-a-half years after Hurricane Sandy ripped up the east coast of the U. S. in Oct. 2012, leaving 7.9 million businesses and households without power, causing 147 deaths in the U. S., Canada and the Caribbean, families are still facing obstacles in resolving housing issues. An information session will be

Manufactured Housing Issues Remain from Hurricane Sandy Read More

Affiliated Managers Group Gains 3.48%; Dow Advances 222.44 Points

By / / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Anheuser-Busch renames Budweiser “America” May 23 through the presidential election. Fear of terrorism is hurting European airlines. Saudi Arabia’s state-owned oil company, the largest in the world, is preparing an IPO to raise funds in the face of falling oil prices. U. S. has record

Affiliated Managers Group Gains 3.48%; Dow Advances 222.44 Points Read More

Hedge Funds Change Stake in Sun Communities

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

MHProNews has learned from fidaily that Anchor Capital Advisors LLC has decreased its stake in Sun Communities, Inc. (SUI) by 9.2 percent in the previous quarter, selling 104,377 shares valued at $3,967,000, leaving its current stock in Sun valued at $74,078,000. Advantus Capital Management increased its position in Sun by

Hedge Funds Change Stake in Sun Communities Read More

Regulatory Costs for New Home Construction Keep Climbing

By / / Business, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, regulation

According to a report courtesy of HousingEconomics.com, the National Association of Home Builders (NAHB) states that 24.3 percent of the average cost of a new single-family home is the result of government regulations at all levels. Three-fifths, or 14.6%, of the eventual house price comes from regulations imposed during the

Regulatory Costs for New Home Construction Keep Climbing Read More

New Housing Trust Fund has $174M to Acquire Affordable Housing

By / / Announcements, Legal, Manufactured and Modular Housing News, Manufactured Homes

The U. S. Department of Housing and Urban Development (HUD) reports to MHProNews for the first time ever it has allocated $174 million through the new Housing Trust Fund, an affordable housing production program to complement existing governmental efforts—local, state and national—intended to increase and preserve affordable housing for extremely

New Housing Trust Fund has $174M to Acquire Affordable Housing Read More

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