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: Chesapeake Energy denies bankruptcy rumors. 4,279 U. S. citizens cut their official ties to U. S., up 20% over last year. Citigroup says fear the ‘oilmageddon’ recession. Gas is near $1 dollar in some markets. India ignores global slowdown, economy grows 7.3 percent. Economics professor …
Deer Valley Spikes Nearly 25% as Dow Falls over one Percent Read More
According to what thehill tells MHProNews, recreational vehicles (RV) are currently exempt from the Department of Housing and Urban Development (HUD)’s rules for manufactured homes (MH). New proposed rules say those RVs that are used as a “primary residence or permanent dwelling” should not be exempt. HUD wants to redefine …
Actress and singer Hilary Duff and ex-National Hockey Leaguer Mike Comrie, over two years since splitsville in Jan., 2013, have finalized their divorce, as tmz informs MHProNews. Duff gets to keep their Beverly Hills mansion and a manufactured home in prized Malibu–”it’s a very ritzy thing among the rich”–, but …
Hollywood Calling: Quitsville Leaves Hilary Duff with Malibu Mobile Home Read More
As MHProNews reported Dec. 21, 2015, professional services firm Dewberry assisted with the siting of manufactured homes for the Oglala Sioux tribe on the Pine Ridge Indian Reservation in South Dakota, marking the first presidential disaster declaration made directly to an Indian tribe. From directionsmag, MHProNews has learned Dewberry has …
Dewberry Still Assisting Sioux with Manufactured Homes Read More
Rents have arrived at a historic high, similar to where they were during the housing bubble of 2008, as ktep.org tells MHProNews, according to statistics from the Commerce Department. The old rule of thumb to never spend more than a third of your income on housing is out the window. …
High Rents Yield Hard Times for Low/Fixed Income Families Read More
What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More
Following a story MHProNews posted Jan. 14, 2016 regarding GSEs Fannie Mae and Freddie Mac’s multifamily loans for 2015, which totaled just under $90 billion, rebusinessonline reports CBRE was Freddie’s highest-producing multifamily mortgage seller with $6.96 billion in originations. Making the announcement at the Mortgage Bankers Association (MBA) convention in …
MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) will release its fourth quarter and year end 2015 financial results before the market opens on Thurs., Feb. 18, 2016. Later that same morning at 10:00 AM eastern time Patrick intends to host a conference call to discuss the results …
In the news from CNNMoney: U. S. exports drop for first time since Great Recession. Chinese group buying Chicago Stock Exchange. Berkshire Hathaway spends $964 million to increase share of Phillips 66 stock to 14 percent of all shares. Unemployment falls to 4.9 percent, lowest in eight years. Key Fed …
MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster Read More
While the spotlight has been on the Millennials in recent years as the housing market tries to lure them out of their parents’ basements, the National Association of Home Builders (NAHB) and American Community Survey has revealed more than 48 million households in the U. S. are headed by someone …
Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030 Read More
In its attempt to grow in Pennsylvania and New York, Clayton Homes has acquired G&I Homes of Frankfort, New York according to uticaod. Founded by Gerald and Irene Bushey in 1965, the six upstate manufactured home locations will continue to be run by members of the Bushey family, including son …
Clayton Acquires Manufactured Home Retailer G&I Homes of New York Read More
The mayor, one city council member, the city attorney, city manager and a Board of Adjustment member have all resigned their posts in Marquette, Iowa, pop. 462, according to thegazette, possibly in response to the city ‘s inaction on a zoning violation, as MHProNews has learned. On Wed., Mayor Dave …
Factory-built Home Causes Wholesale Resignations of Mayor and Staff Read More
As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing …
Effective for mortgages with settlement dates after Jan. 4, 2016, a bulletin from Freddie Mac says as part of their initiative “to responsibly expand homeownership,” it is updating mortgage insurance requirements for Home Possible Mortgages. If an H P Mortgage is secured by a manufactured home, it will be subject …
Freddie Mac Updates Manufactured Home Mortgage Insurance Read More
In the news from CNNMoney: After cutting workers and selling assets, big oil is now cutting dividends, while U S. is running out of storage facilities for oil. 12.7 million Americans sign up for Obamacare 3.0. Bull market for water stocks follows Flint crisis. U. S. job cuts hit 218% …
Affiliated Managers Group, Louisiana Pacific Post Solid Gains Read More
There were a number of conflicting reports on total attendance at the 2016 Louisville Show, and how it compared to the outcome from the 2015 event. MHProNews has obtained the following report from Show Ways Unlimted, that provide the last official word on the topic. …
Post Louisville MH Show 2016 – The Last Word – by the Numbers Read More
Following MHProNews‘ post Jan. 28, 2016 regarding the Manufactured Housing Association for Regulatory Reform’s criticism of HUD for increasing the inspection of on-site manufactured homes, which also increases the cost to the consumer, the Sept. 8, 2015 rule is set to take effect March 7, 2016. Presented during the Louisville …
MHARR Presses MH Administrator to Retract New On-site Rule Read More
Continuing to follow the ongoing saga in Dublin, Ireland where the city council is trying to begin the siting of the first 22 modular homes out of a planned 500, Environment Minister Alan Kelly insists the initial homes will be ready within weeks, offering security to “vulnerable and homeless families.” …
CMH Homes of Belfry, Kentucky, dba Oakwood Homes, is the target of a lawsuit by a West Virginia couple who claim the manufactured home they purchased and had installed on their land was defective, and/or improperly installed. Deba and Zachary Hubert purchased the home in June, 2014, according to what …
Couple suing Oakwood Homes for Alleged Defective Home Read More
The Community Action Partnership of North Alabama (CAPNA) announced local residents who have not been able to fully recover from the devastating April 27, 2011 tornadoes that wreaked havoc across a broad swath of the state may be eligible for new federal funding through the Community Development Block Grant (CDBG) …
Second Round of Assistance Available for Ongoing 2011 Tornado Damages Read More
