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.
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 […]
Wells Fargo was Freddie’s Top MHC Seller in 2015 Read More
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
Patrick to Release Financial Results Feb. 18 Read More
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.”
Modulars for Dublin Homeless Closer to Completion Read More
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
In the news from CNNMoney: Super bowl 50 on track to be the most expensive sporting event in U. S. history with tickets averaging $4,957. Venezuela now importing U S. oil. Cannabis industry sales at $1.8 billion in 2013, anticipated to have hit $5.4 billion in 2015. While the Fed
MHCV Falls -3.78%, Deer Valley Drops -19.05 Percent Read More
According to statistics from the U. S. Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews HUD Code manufacturers produced 5,657 homes in December 2015, a 20.1 percent increase over the 4,707 homes produced in the same month in 2014. HUD Code
HUD Code Production for Year Ends on a Strong Note Read More
Despite having wealth estimated at $780 million, online shoe and apparel retailer Zappos’ founder, Tony Hsieh, lives in a 240 square foot Airstream in Airstream Village in downtown Las Vegas, a community of 20 Airstreams and 10 Tumbleweed tiny homes he spent $350 million to develop. The Downtown Project (DTP)
Zappos Founder Lives in an Airstream Read More
A home in Lowell, Massachusetts that, says a neighbor who saw it delivered, is a manufactured home, is causing consternation at city hall, accoding to lowellsun. Mayor Ed Kennedy says it is a trailer and since they are not allowed by law, he wants it removed. At the Jan. 26
Massachusetts Mystery Home Read More
MHProNews has learned from sunjounal the 82 High Street housing development in Farmington, Maine received a $500,000 grant and a $540,000 loan to begin razing three apartment buildings and replace them with three modular apartment buildings. Now, the city must apply for a Community Development Block Grant (CDBG) of up
Modular Apartments will Replace Run Down Multifamily Units Read More
Terming it one way to solve the housing crisis in the UK, 24dash tells MHProNews manufactured housing could be a quick, affordable fix as opposed “to some developers who are still sitting on land and developing slower than the erosion of a cliff face.” Andrew Partridge, Rogers Stirk Harbour +
UK Architect Advocates Manufactured Homes to Solve Housing Shortage Read More
