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.
In the news from CNNMoney: KFC introduces ‘Finger Lickin’ Good’ nail polish. Fastpitch softball player Monica Abbott signs $1 million contract, first U. S. woman in team sports to sign a contract at that level. Cloud computing and data mining skills will get you a job. Amazon is investing in […]
Louisiana Pacific Gains almost 4.5%; MHCV Slips -1.06% Read More
Waltham, Vermont is saying goodbye to the six-year abandoned Gevry Mobile Home Park with the sounds of demolition, as it welcomes the new McKnight Lane neighborhood in its stead. Fourteen homes are being demolished and 14 new, affordable modular homes will replace them, according to Katie Forleo of the non-profit
New Modular Vermont Neighborhood will be Net Zero Read More
Following a story MHProNews posted April 29, 2016 regarding Drew Industries increasing its line of credit from $100 million to $200 million, with up to $50 million earmarked for approved foreign currencies, the component supplier to the manufactured home (MH) and recreational vehicle (RV) industries, has acquired Project 2000 S.r.l.,
Drew Wastes no Time Moving on Europe Read More
Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016,
MH Lender Cascade Financial Services Acquired by Centerbridge Read More
In the news from CNNMoney: Gun background checks are surging. Should investors fear Trump or Clinton? Johnson & Johnson lost another talcum powder cancer lawsuit. Outlook stinks for Priceline in the wake of the CEO’s inappropriate relationship with an employee. Legal marijuana sales tripled in 2015. Four U. S. governors
Sun Communities Gains the Most, Affiliated Managers Drops Read More
MHProNews has been informed MHRE Inc., Manufactured Housing Group, the real estate brokerage and advisory company predicated exclusively in the manufactured housing and recreational vehicle asset class, announces it is expanding from its Detroit home office to open locations in Orlando, Fla. and San Diego, Calif. to better serve its
MHRE Expanding its National Footprint Read More
MHProNews has learned from thegatewaypundit that anti-Trump groups spent $75.7 million on 64,000 television ads against Donald Trump’s bid for the presidency, according to ad tracking firm Kantar Media/CMAG. This figure does not include ads that appeared on cable and satellite channels as those are not part of the tracking
Trump’s Opponents Spent over $75 Million Trying to Defeat Him Read More
Following a post MHProNews published April 30, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in St. Anthony, a suburb of Minneapolis, tcdailyplanet reports residents of the community have gathered to discuss their options in trying to maintain Lowry as their home. They would have to
MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota Read More
MHProNews has learned from mygrandeprairienow that a new manufactured home community (MHC) may be in the works for Grande Prairie, Alberta, Canada. Developers are considering property currently being used for agriculture production as the site. The city will take under advisement amending a bylaw to rezone the property, changing it
New Manufactured Home Community Considered for Alberta, Canada Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes (MH) increased 26.9 percent in March 2016 over March 2015, 7,110 homes in 2016 over 5,602 homes last year.
Manufactured Housing Production Spikes 26.9% in March Read More
In the news from CNNMoney: Lowest airfares in seven years this summer. French worker sues employer because his work was too boring. Elevators will one day move sideways, at an angle, even go outside a building into the city. Trump repeats unfounded story that Cruz’ father knew Lee Harvey Oswald,
Only one MH-related Stock Gains in Trading Today Read More
U. S. house prices rose 2.1 percent between Feb. and March, including distressed sales, and 6.7 percent between March 2015 and March 2016, according to constructiondive. Wages for would-be first time homebuyers likely did not rise that much on the year, MHProNews knows, putting a home out of reach. Reporting
Home Prices Continue to Rise Faster than Wages Read More
Upgrading a post from March 28, 2016 regarding the closing of the Zeta Communities modular building plant in McClellan Park in Sacramento, Calif., MHProNews has been informed Guerdon Modular Buildings in Boise, Idaho is picking up some of Zeta’s unfilled contracts. Guerdon produced the apartments for Eviva midtown apartment building
Guerdon Modular Picks up where Zeta Communities Dropped Read More
The Manufactured Housing Institute (MHI) tells MHPronews a three year project undertaken by the Department of Energy (DOE) compared the energy-saving attributes of three lab houses of varying designs tested side-by-side under controlled conditions in Russellville, Ala. The homes were built by Southern Energy Homes, part of the Clayton Homes
Results of Comparable Energy Efficiency in Manufactured Homes Revealed Read More
Director Richard Cordray, of the Consumer Financial Protection Bureau (CFPB), responding to complaints regarding complying with the so-called Know Before You Owe rule for homebuyers —formally, the TILA-RESPA Integrated Disclosure (TRID) rule implemented Oct. 3, 2015 –wrote a letter to financial trades members stating the bureau is considering making “adjustments”
CFPB Contemplating Clarifying TRID Read More
Jacksonville, Fla.-based Black Knight Financial Services tells MHProNews rising home prices across the country are offsetting the advantage of low mortgage rates. The fall of interest rates 35 basis points since Jan. 1, 2016 would translate to a savings of approximately $44 dollars a month. “While borrowers might expect that
Rising Home Prices Partially Negate Low Mortgage Rates Read More
In the news from CNNMoney: Puerto Rico’s $422 million default is largest yet. Laid off Saudi construction workers torch buses as sinking oil prices spread belt tightening. Otis Elevator reshaped cities to be elevator friendly. Gold hits five-month high, now over $1,300. Machine defeats human in foosball. Simple phones may
Universal Forest Products Gains +8%; MHCV moves up to 1343.8. Read More
MHProNews has learned from Daniel Din, who manages the MHC (manufactured home community) Lending Program for Freddie Mac, of Grandbridge Real Estate Capital’s $3,600,000 permanent fixed-rate loan arranged for the Apache Mobile Home Park in Yucca Valley, California in San Bernardino County. Built in 1963, the 136-home site resident-owned community
Calif. Resident-owned MHC Obtains Freddie Mac Financing Read More
Based in Bloomfield Hills, Michigan, Meritus Communities recently finalized its acquisition of Lake Villa Manufactured Home Community in Oxford Township, and said it will spend $1 million to upgrade the community beginning within 120 days, according to oxfordleader. New Manager Edith Belen, a 25-year veteran of managing manufactured home communities
Michigan’s Meritus Acquires Lake Villa MHC, Plans Upgrades Read More
What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew
Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More
