Manufactured and Modular Housing News

Sun Community Shareholders Buy and Sell Shares Read More

Sun Community Shareholders Buy and Sell Shares

By Matthew Silver / March 4, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from thevistavoice that Russell Frank Co. has diminished its stake in Sun Communities, Inc. (NYSE:SUI) by 8.1 percent in Q4 of 2015 as reported to the Securities and Exchange Commission. After selling 47,319 shares of stock, the company owns 537,417 shares, now owning 0.99 percent of the

Patrick Industries Acquires Electronics Distributor Read More

Patrick Industries Acquires Electronics Distributor

By Matthew Silver / March 4, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from prnewswire that Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) has acquired The Progressive Group, a distributor and manufacturer’s representative for major name brand electronics serving 16 states that are primarily in the Midwest and Intermountain regions. The company’s customer base includes small to large retailers, other distributors

Rent Control termed a Form of Price Fixing Read More

Rent Control termed a Form of Price Fixing

By Matthew Silver / March 4, 2016 / Advocacy, Communities, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

As part of the city’s overall affordable housing strategy, the Arcata (Calif.) City Council has approved a mid-year appropriation of $35,000 to develop a plan to balance the needs of manufactured home community (MHC) residents against those of the MHC owners, and avoid rent control/rent stabilization measures for the city.

Northstar Added to Stock Lineup; Dow Crosses back across 17k Mark Read More

Northstar Added to Stock Lineup; Dow Crosses back across 17k Mark

By Matthew Silver / March 4, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Oil ends week above $36/bbl. Dow and S&P500 gain 2.2 percent for the week. BP lost $5.2 billion but CEO’s bonus increased 40 percent. World is running low on single malt scotch. 242,000 jobs added in February, although wages slipped -0.10 percent. Single women get

On Site Completion of Construction of Manufactured Homes Frequently asked Questions Read More

On Site Completion of Construction of Manufactured Homes Frequently asked Questions

By Matthew Silver / March 4, 2016 / Business, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

This HUD issued document deals with all the aspects the title implies: the monitoring contractor who oversees the PIAs on site work, identification of DAPIAs (Design Approval Primary Inspection Agency), site construction and alternate construction, is there a preferable format for a DAPIA’s approval or rejection, the level of detail

Rent Increase at Calif. MHC has Residents Worried Read More

Rent Increase at Calif. MHC has Residents Worried

By Matthew Silver / March 4, 2016 / Business, Communities, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Residents of La Linda Mobile Homes in Corona, California received a notice from the owners of this 132 home site manufactured home community that rents will rise from $650 a month to $779 a month because of property taxes, leading many of the homeowners to ask the city for help.

Minorities, Millennials Still Believe in American Dream Read More

Minorities, Millennials Still Believe in American Dream

By Matthew Silver / March 3, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, People, Trends

The semi-annual Housing Confidence Index poll survey conducted by Zillow reveals that 65 percent of Millennials (18-34) and almost 70 percent of Hispanics agree with the connection between homeownership and the American Dream. Millennials in Los Angeles-Long Beach-Anaheim agreed the most, 86.9 percent, while that same demographic in Philadelphia agreed

Dublin City Council Sets Timetable for Siting of Modular Homes for Homeless Read More

Dublin City Council Sets Timetable for Siting of Modular Homes for Homeless

By Matthew Silver / March 3, 2016 / Business, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Updating a story MHProNews has been following since June 17, 2015 regarding the siting of 500 modular homes for the homeless in Dublin, Ireland, the first 22 homes slated for Ballymun that were set for completion by Christmas last, are now set to be ready for occupancy the end of

MHCV Gains 3.14 Percent; AMG Advances 3.32 Percent Read More

MHCV Gains 3.14 Percent; AMG Advances 3.32 Percent

By Matthew Silver / March 3, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Self-cleaning airplane bathroom may be on your next flight: three seconds of ultraviolet light will kill 99.99% of surface germs, clear odors. As Chipotle has lost steam to an E.coli outbreak, the fortunes of Panera have risen in the casual dining sector. Bond king Bill

DNC Chair Switches Teams over Payday Lending Read More

DNC Chair Switches Teams over Payday Lending

By Matthew Silver / March 3, 2016 / Advocacy, Business, Economy, Finance, Legal, Legislation, Manufactured and Modular Housing News, People, regulation

Democratic National Committee (DNC) Chair Rep. Debbie Wasserman Schultz has teamed up with conservative lawmakers opposing Consumer Financial Protection Bureau (CFPB) regulations about predatory payday lending, feeding into a rift in the party already fractured by a bitter presidential primary. The agency is trying to disrupt the cycle of debt

TRID Rule Continues to Hamper Mortgage Lending Industry Read More

TRID Rule Continues to Hamper Mortgage Lending Industry

By Matthew Silver / March 3, 2016 / Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News, regulation

According to a survey by the American Bankers Association (ABA), the Truth-in-Lending/Real Estate Settlement Procedures Act integrated disclosures (TRID) that took effect Oct. 3, 2015, continues to leave a trail of vendor software problems, longer processing times, and closing delays that average eight days, although some have taken as long

Caddis Capital adds Two More MHCs to Portfolio Read More

Caddis Capital adds Two More MHCs to Portfolio

By Matthew Silver / March 3, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from 9news that Jefferson County, Colorado-based Caddis Capital Investments LLC has acquired two manufactured home communities (MHCs) in Arizona. The 210 home site Mesa Village in Mesa, AZ and the 169 home site El San Juan MHC in Peoria were purchased for $16.6 million. While the seller

New Durham Estates to Hold Open House Read More

New Durham Estates to Hold Open House

By Matthew Silver / March 2, 2016 / Business, Communities, home buyers, Manufactured and Modular Housing News, Manufactured Homes

The New Durham Estates manufactured home community (MHC) in Westville, Indiana will hold their annual open house and community-wide yard sale on Fri. and Sat., June 3 and June 4, from 9-5 PM, as michigancitylaporte informs MHProNews. Visitors are invited to see the pre-owned and new manufactured homes, tour the

Prospective MHC Owners Plan to Upgrade the Community with New Homes Read More

Prospective MHC Owners Plan to Upgrade the Community with New Homes

By Matthew Silver / March 2, 2016 / Business, Communities, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

A Hendersonville, North Carolina family intends to provide up to 21 new multi-section manufactured homes (MH) in a community for seniors, and will ask the Hendersonville City Council for a waiver of the city’s impact fee, as hendersonvillelightning tells MHProNews.. Cheria, Billy and Tony Duncan hope to buy Whiteside’s Green

Most MH-related Stocks Edge up

By Matthew Silver / March 2, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Whistleblower to collect $51 million after Olympus Corp. agrees to pay $646 million in fines for bribery and kickback scheme. Saudis trying to steal Iran’s biggest oil customer. Former Chesapeake Energy CEO McClendon dies in fiery crash one day after being indicted by Feds for

New Year Begins with Energetic HUD Code Production Read More

New Year Begins with Energetic HUD Code Production

By Matthew Silver / March 2, 2016 / Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the new year’s production of HUD Code homes in January got off to a roaring start, as statistics from the Department of Housing and Urban Development (HUD) reveal 5,862 homes were produced. That is an increase of 17.9 percent over

National non-profit Suggests Manufactured Housing as an Option to Renting Read More

National non-profit Suggests Manufactured Housing as an Option to Renting

By Matthew Silver / March 2, 2016 / Advocacy, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

NeighborWorks America, in acknowledging National Consumer Protection Week March 6-12, offers six tips to empower renters to protect themselves and make informed decisions. According to what marketwired tells MHProNews: You should avoid rental scams that require you to wire money or pay a security deposit before you have signed a