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.
Sweden is swarming with refugees, creating a housing crisis which the government wants to address with modular homes, which is setting off swarms of criticism from the left and the right. According to sputniknews, the opposition states the homes will have outlived their usefulness after 10-15 years and will be […]
Refugees Swelling need for Modular Housing in Sweden Read More
For Q3 of 2016, manufactured and modular home builder Skyline Corp. (NYSE:SKY) reports net sales from continuing operations rose 25 percent over same quarter 2015, $47,697,000 versus $38,109,000. The report also reveals a net loss from continuing operations of $514,000, much lower than the loss of $2,911,000 in Q3 2015.
The Sky is Becoming Sunnier at Skyline Read More
Following a story that MHProNews last reported March 31, 2016 regarding officials of Carver, Massachusetts attempting to have manufactured housing classified as affordable housing to comply with state requirements, Town Meeting voters support a petition to the state legislature asking for an exemption, but with some dissension. The state requires
Town Hopes Manufactured Homes can Qualify as Affordable Housing Read More
In the news from CNNMoney: Mexico forced to rescue oil giant Pemex. Toxic oil loans creating big trouble for big banks. Top U. S. companies holing $1.4 trillion offshore. This year 236,000 foreign workers applied for H1-B, the most common work visa, up from 172,500 in 2014. Delta no longer
Deer Valley Gains +10.90 percent; Nobility Homes Drops -3.57 percent Read More
All the rustic charm of the old English Shepherd’s Hut is captured in the tiny homes of Contemporary Shepherd Huts but with added modern touches like a skylight that runs the length of the home, kitchen and bathroom. The traditional shepherd huts were made for taking a snooze after a
Shepherd’s Hut Re-introduced as Tiny Home Read More
As housingwire tells MHProNews, in the opening rounds of the legal battle between PHH and the Consumer Financial Protection Bureau (CFPB) being heard in the U. S. Court of Appeals for the District of Columbia Circuit, one judge questioned the authority of the CFPB in general, and that of Director
CFPB Hammered over Abuse of Power Read More
MHProNews has been informed by therealdeal that Zachary Taylor RV Park in Okeechobee, Fla. was acquired by Coastal Income Properties for $3.3 million from a private seller. Capstone Manufactured Housing, based in Charlotte, North Carolina, brokered the transaction, led by Deucie Bies and Kevan Enger, the fourth manufactured home community
Manufactured Home Community Sells for $3.3 Million Read More
Even though years may have gone by since they last owned a home, losing a home to foreclosure has turned many people off to the whole process of buying a home. Dan Sullivan, a foreclosure prevention specialist in Pittsburgh, said he has seen people who have worked for five or
Foreclosure Continues to Haunt One-time Homeowners Read More
Following the continuing story of modular homes for the homeless in Dublin, Ireland, the first installment of which were originally set for last Christmas, as MHProNews posted March 3, 2016, utv.ie reports the homes will now cost approximately 1.5 times more than originally stated, around €243,000 each ($215,298 USD). The
Modular Housing Costs higher than Original Estimates Read More
Updating a story MHProNews last posted June 18, 2015 about the possible re-opening of the former Magnolia Homes in Gering, Nebraska, starherald reports former owner Doug Fillingham is set to re-open as Family Built Homes, hiring many of the same employees who lost their jobs last June when Magnolia ceased
Former Magnolia Homes Modular Facility Re-opening as Family Built Homes Read More
In the news from CNNMoney: 36,000 Verizon workers go on strike. 20 percent of big companies pay no corporate income taxes. Reporter resigns over newspaper’s support of Donald Trump—paper is owned by Trump’s son-in-law. Bernie Sanders wants to end fracking boom. Retail sales fell -0.1 percent in March. Puerto Rico
Carlyle Group, UFPI, AMG, Patrick Post Strong Gains Read More
The Athens (TX) City Council adopted a resolution in support of the Athens Economic Development Corp.’s $300,000 incentive package for jobs created by Clayton Homes bringing a manufacturing plant to the city, according to athensreview. The council agreed to a property tax rebate for Clayton over a five-year period, beginning
Clayton to Open Texas Plant, as it Celebrates 60 Years in Business Read More
MHProNews has been informed by usatoday/Associated Press that an enormous hole suddenly opened adjacent to a manufactured home community in Tarpon Spring, Florida. Measuring 35 feet deep by 60 feet wide, authorities were trying to determine if it was a natural sinkhole or a break in a water line. Residents
Massive Hole Endangers Residents of Fla. Manufactured Home Community Read More
The U. S. Department of Housing and Urban Development (HUD) has announced updates to its dispute resolution program involving the purchase and installation of manufactured homes for the 23 states that do not already have a HUD-approved resolution process. A new Office of Manufactured Housing Programs (OMHP) website is designed
Office of Manufactured Housing Programs issues New Dispute Resolution Program Read More
In the news from CNNMoney: Big oil and gas stock spikes 61 percent in two days. While Coca-Cola stock is up eight percent this year, Pepsi is up five percent—both stocks hit ready highs on Monday. Venezuela has 500 percent inflation. Oil hits new 2016 high, $42.17. The new normal:
Deer Valley Spikes; Dow Gains 164 Points Read More
The Yellowstone County Zoning Commission unanimously turned down a zone change application that would have allowed Cherry Creek Estates manufactured home community (MHC) to expand by adding as many as 80 manufactured homes, reports billingsgazette. While the Yellowstone County Board of Commissioners will have the final say when it meets
Zoning Commission Recommends against Expansion of Manufactured Home Community Read More
The Inman City Council in South Carolina has postponed a vote on preventing new “mobile homes” (sic) from being sited in a small residential district within the city limits, reports goupstate to MHProNews. Homes already sited there can stay but no new manufactured homes can come in. Fifteen people attended
City Postpones Vote on Restricting New Manufactured Homes Read More
Following a story MHProNews posted March 23, 2016 regarding modular homes built by ex-cons in Pittsburgh, Daniel Bull, president of builder Zero Six Eight (an ex-con himself), gave a presentation to the Allentown, PA Community Development Corporation (CDC) about building modular homes on Arlington Avenue. Saying he has already had
Plans for Ex-cons to Build Modular Homes Moves Forward in Allentown, PA Read More
During Q4 2015, 40 North Management sold its entire portfolio of Equity LifeStyle Properties (NYSE:ELS), unloading 108,321 shares for a transaction value of $7.8 million, reports everythinghudson. Other hedge funds, including Guggenheim Capital boosted its stake in ELS, adding 5,784 shares and now holds 83,853 shares valued at $6 million.
Positions Change in Shares of Stock of Equity LifeStyle Properties Read More
According to realtor.com, housingwire informs MHProNews while two of the hottest housing markets are in the Pacific Northwest and Florida, that is no help to first-time homebuyers. A survey focusing on Millennials revealed the top ten out of 100 metropolitan areas where first-time homebuyers can still find a good deal
Ten Cities where First-time Homebuyers can Find Deals Read More
