Manufactured and Modular Housing News

New Home Sales Rise Two Percent in Feb. Read More

New Home Sales Rise Two Percent in Feb.

By Matthew Silver / March 24, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Buoyed by the 38.5 percent surge in sales in the West, new home sales in the U. S. increased two percent in Feb. to a seasonally-adjusted annual rate of 512,000 units, according to statistics released by the Commerce Department, reports USAToday to MHProNews. The strong numbers from the West overshadowed

Uncertainty hurts business – no more Teddy Bears and Flowers Read More

Uncertainty hurts business – no more Teddy Bears and Flowers

By Matthew Silver / March 24, 2016 / Advocacy, Manufactured and Modular Housing News, People

As MHProNews publisher L. A. “Tony” Kovach told the Daily Business News, “Uncertainty hurts business. When people are afraid, spending slows. Anything that can harm business is noteworthy for a business or investment professional.” Writing in breitbart, Raheem Kassan tells MHProNews every time there is another Islamist terrorist attack that

Skyline Corp. Skyrockets; MHCV Gains +1.37 Percent Read More

Skyline Corp. Skyrockets; MHCV Gains +1.37 Percent

By Matthew Silver / March 24, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Fed official says rate hike could come in April. While fracking accounted for two percent of oil output n 2000, it now represents over half of U. S. oil output. Moon village envisioned by European Space Agency. U. S. corporate debt ratings near 15-year low.

Passages: Margaret Dubil Read More

Passages: Margaret Dubil

By Matthew Silver / March 24, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Word has come from Joe Kelly of the IAMHA that Margaret Dubil, owner/operator of the Glendale Mobile Home Park in Bettendorf, Iowa has passed away at the age of 99. A member of IAMHA for many decades, she was very supportive of the organization’s efforts. A world traveler and Gray

MHI’s Daily Testifies about Government Regulation on Housing Costs Read More

MHI’s Daily Testifies about Government Regulation on Housing Costs

By Matthew Silver / March 24, 2016 / Advocacy, Business, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

Following MHProNews post from this morning regarding the MHI’s Mr. F. R. Jayar Daily’s testimony before the House Subcommittee on Housing and Insurance regarding the impact of government policies on housing cost, realestaterama reports on the other witnesses who spoke, giving one scant paragraph from Mr. Daily’s statement about manufactured

MHI’s Daily tells Congress MH is Affordable Housing, Give us a Green Light Read More

MHI’s Daily tells Congress MH is Affordable Housing, Give us a Green Light

By Matthew Silver / March 24, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

MHI Board of Directors Member F. R. Jayar Daily told a congressional subcommittee on housing and insurance that “Manufactured homes are the most affordable homeownership option in the market today,” but the regulatory burdens and the lack of a secondary market for chattel loans reduce financial access for millions of

HELP Act Designed to Expand Lending Opportunities in Rural Areas Read More

HELP Act Designed to Expand Lending Opportunities in Rural Areas

By Matthew Silver / March 23, 2016 / Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News

As nationalmortgagenews tells MHProNews, the Consumer Financial Protection Bureau (CFPB) has put in motion a new rule that expands lenders’ ability to originate qualified mortgages in rural and underserved markets. The agency’s final rule, which will take effect March 31, implements the Helping Expand Lending Practices (HELP) in Rural Communities

“Phenomenal,” “Best Show in Years” 2016 Tunica Show Flash Report Read More

“Phenomenal,” “Best Show in Years” 2016 Tunica Show Flash Report

By MHProNews / March 23, 2016 / Manufactured and Modular Housing News

“Tunica has been a great show! It’s a wonderful opportunity to meet with customers old, and new. We are thrilled with the outstanding turnout.” said Darren Krolewski with MHVillage, JLT, DataComp. Krolewski’s viewpoint is not unique, others have been telling MHProNews that attendance is up, and so is business. While

Zeman’s $9 Million Loan Acquires three MHCs in Michigan Read More

Zeman’s $9 Million Loan Acquires three MHCs in Michigan

By Matthew Silver / March 23, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Three manufactured home communities (MHC) have landed in the portfolio of Zeman Homes as the result of a $9 million Associated Bank loan in the Ann Arbor area of Michigan, according to what rebusinessonline tells MHProNews. Wagon Wheel in Canton, MI, Wagon Wheel South in Belleville and Carleton Mobile Home

Skyline, LPX Gain; MHCV Slips Read More

Skyline, LPX Gain; MHCV Slips

By Matthew Silver / March 23, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: U. S. hospitals getting hit by hackers. Tyson Foods workers win $3 million in back pay. Starbucks founder says the country needs a “vision of unity and inclusion” to combat the current divisiveness. Oil glut continues, stockpiles grow. Uber says rival booked 400,000 fake rides.

MHC Owner wants Rent Hike in order to Sell Community Read More

MHC Owner wants Rent Hike in order to Sell Community

By Matthew Silver / March 23, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

Morgan Management, the owner of the Allendale Pines manufactured home community (MHC) in Pittsfield, Mass., wants to raise rents by $70/month to pay for improvements to the community in advance of selling it to a group represented by James Baldyga of Springfield, MA. Two dozen residents of the community attended

Sun Communities Raising Funds to Pay for Carefree Acquisition Read More

Sun Communities Raising Funds to Pay for Carefree Acquisition

By Matthew Silver / March 23, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from euroinvestor that Sun Communities, Inc. (NYSE:SUI) has issued an underwritten public offering of 4,000,000 million shares of its common stock, with a 30-day option for the underwriters to purchase up to 600,000 additional shares. Sun intends to use the funds for its previously announced $1.68 billion

For Profit Hires Ex-Cons to Build Modular Homes Read More

For Profit Hires Ex-Cons to Build Modular Homes

By Matthew Silver / March 23, 2016 / Advocacy, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

An ex-offender who served time for mail fraud is now hiring other former inmates for positions in ten different start-ups, including one, Work Pittsburgh, that is building modular homes in the Pittsburgh area. Daniel Bull founded Zero Six Eight as a for-profit incubator with one distinct qualification: you have to

Insider Trading at MH-related Firms Read More

Insider Trading at MH-related Firms

By Matthew Silver / March 22, 2016 / Business, Company News, Economy, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, RV

In insider trading, Drew Industries, Inc. (NYSE:DW) insider Nick C. Fletcher sold 878 shares of Drew at an average price of $63.93 for a total value of $56,130.54. The company reported a quarterly dividend for shareholders of record April 1, 2016 of $0.30 per share to be paid on April

Sun Acquires Carefree Communities Read More

Sun Acquires Carefree Communities

By Matthew Silver / March 22, 2016 / Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Headquartered in Southfield, Michigan, Sun Communities, Inc. (NYSE:SUI) is acquiring Carefree Communities Inc. from Centerbridge Capital Partners II, LP for $1.68 billion in aggregate, which includes $1.655 billion for the communities, $16.0 million for manufactured homes and park models, and $9.0 million for a community recently acquired by Carefree. Additionally,

Sun Communities Advances 3.95 Percent Read More

Sun Communities Advances 3.95 Percent

By Matthew Silver / March 22, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: One in four working Americans have less than $1,000 set aside for retirement. Carnival Lines approved for cruises to Cuba come May. Major wireless carriers offer free calls and texts after attacks in Brussels. Wealthy New Yorkers are asking the state to raise taxes, noting

Investment Writer Touts Financial Performance of MHCs Read More

Investment Writer Touts Financial Performance of MHCs

By Matthew Silver / March 22, 2016 / Business, Communities, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Stocks, Trends

Writing in seekingalpha about investing in real estate investment trusts (REITs), Brad Thomas, noting the importance of housing to the overall economy, says following housing trends can lead to wise investing in the market. In particular, the manufactured housing market offers opportunity for REIT investors to outperform the overall market.