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.
Four Democratic House Representatives have asked the Justice Department to look into allegations of Clayton Homes and their related lenders alleged targeting of minority borrowers, based on the advocacy journalism of the Seattle Times and BuzzzFeed’s Mike Baker and Daniel Wagner. Baker and Wagner have been described as making a career …
Recently marked by work-stopping protests, threats of physical harm, and threats of lawsuits, on a calmer note relating to the furor in Dublin, Ireland over the plan to build modular homes for the growing homeless population, a civil meeting was held involving reps from two resident associations and the Balbriggan …
Balbriggan Neighbors Okay with Modulars in Neighborhood Read More
MHProNews has learned from northernstar.au that the Lismore City Council, in Queensland, Australia has unanimously rejected a proposal for a $10 million, 578 home site manufactured home community (MHC) in Goonellabah because details of the proposal do not line up with what was initially presented to the council. Originally, developer …
A Peguis First Nation family in Manitoba, Canada, which has been forced to move 15 times since the flood of 2011, moved into a brand new modular home last year only to discover it had faulty ventilation, electrical and structural problems as well as mold issues, according to winnipeg.ctvnews.ca. During …
Problems with New Modular Homes Wreaking Havoc on First Nations Land Read More
In the news from CNNMoney: Oil falls to $30/bbl. $1 trillion erased from stocks so far this year. OPEC members have war of words, may meet next month to discuss dropping production. Pennies and nickels cost more to make than they are worth. Nonprofit group now owns Philadelphia’s newspapers. Starbucks …
Skyline, Cavco, UFPI Gain in Three Figures; Dow Moves Up Read More
Following a story out of Washington, Indiana MHProNews has been covering on which we last reported Dec. 18, 2015, regarding the classification of factory-built homes into three categories for purposes of siting, existing homes would be grandfathered in. If a manufactured home has to be replaced, the replacement home must …
Indiana City Relaxes Restrictions on Replacing Manufactured Homes Read More
The 22 manufactured home communities that comprise an estimated 1,400 households in Springfield, Oregon are considered at risk if the property should become repurposed, according to kvaltv. Mayor Christine Lundberg, in her state-of-the-city address, proposed an initiative to deal with the possible displacement of MHC residents should this occur. “That’s …
MHProNews last posted a story Aug. 18, 2014, regarding the sale of portions of Bridgeton’s (New Jersey) Municipal Port Authority to Renewable Jersey, LLC of Mercer County for the production of modular homes. The plan was to create up to 120 local jobs in the 83,000 square-foot warehouse. The state’s …
Plans for Modular Home Production did not Materialize Read More
Tedd Benson at Bensonwood in Walpole, New Hampshire approaches modular home design by considering the function and usable life of six distinct interconnected layers: site, structure, skin, space plan, systems, and stuff, as treehugger informs MHProNews.. The structure is designed to last 300 years, wrapped in an extremely-efficient thermal envelope, …
In the news from CNNMoney: Oil, trading around $31/bbl, could drop to $20/bbl. Buick developing 400 HP concept car. Following a brutal first week, China’s stocks dropped another 5.3 percent on the first day of the week. Playboy mansion on the block for $200 million. Rolls Royce sales plummet in …
Dow Changes Direction; Several MH-related Stocks Look Up Read More
Following MHProNews‘ post regarding the city of Dublin, Ireland’s embattled attempts to provide modular housing for the homeless, Sandra Devlin of the Finglas Action Group that opposes the proposed 40 housing units on St. Helena Drive said there is a breach of constitutional rights, and the issue will be taken …
Protests Mount against Modular Homes for the Homeless in Dublin Read More
The National Association of Real Estate Investment Trust’s (NAREIT) Senior Vice President for Research and Information, Brad Case, said in 2015 stock exchange-listed equity REITs outperformed most other asset classes, even though the year was not particularly strong for REITs. Noting that December was a microcosm of the 2015, Case …
What’s New in public focused Manufactured HomeLivingNews.com What PBS NewsHour Missed About Manufactured Home Living Nicole Barker compares her Modular Home with conventional construction What’s New in Manufactured Housing Industry Professional News FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 Read More
The Manufactured Housing Institute informs MHProNews the Federal Housing Finance Agency (FHFA) is seeking comments on its published notice regarding a secondary market for manufactured home loans. While the proposal does not require Fannie Mae and Freddie Mac (the government-sponsored enterprises) to purchase chattel loans, only that they “may” consider …
FHFA “May” Open the GSE Door to Purchase MH Chattel Loans Read More
The nominating committee for the inductees into the RV/MH Hall of Fame had to narrow down a field of 72 to ten people, as MHProNews understands. The Board of Directors of the Heritage Foundation hereby presents the Class of 2016: Gary Bunzer, Bunzer Consulting, 40 years as an RV training …
In the news from CNNMoney: Nevada casinos lose $662 million as gamblers pass on the deal. Black unemployment falls to lowest rate since 2007. Economy adds 292,000 jobs in Dec. 2015, 2.65 million jobs in 2015. Old Navy sales plunge. Nearly half of U. S. stocks are in a bear …
Dow Continues its Fall; Most MH-related Stocks Follow Suit Read More
MHProNews has been informed by Marcus & Millichap that the real estate investment services firm has arranged the sale of Oak Meadows Mobile Home Park in Lakeland, Fla. for $1,125,000. Dan Mulkey of M&M’s Tampa Bay office represented both buyer and seller in the transaction. The 9.8 acre manufactured home …
Marcus & Millichap Arrange sale of Fla. Manufactured Home Community Read More
Calling modular homes a “death sentence” to the housing market, realtors in Cape Coral say they hurt property values and the entire housing market, according to fox4now. One realtor, Jay Lagace, called it a travesty for the city of Cape Coral, noting it is on right on the gateway to …
Controversy Escalates over Modular Homes in Cape Coral Read More
Regarding the finalized rule recently updated by the Consumer Financial Protection Bureau (CFPB) dealing with the reporting requirements of the Home Mortgage Disclosure Act, the agency now wants public feedback “on the resubmission of mortgage lending data reported under the new regulation,” according to housingwire. MHProNews understands the goal of …
CFPB Seeks Feedback on the Home Mortgage Disclosure Act Read More
The 7,000 square foot duplex condominium penthouse once owned by Richard Klarchek, former head of Chicago-based Capital First Realty, which owned a portfolio of manufactured home communities (MHCs) around the Midwest, sold for $4.25 million last month, according to chicagobusiness. It came on the market in Feb. at $6.4 million. …
