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.
Retail sales on the year fell to their lowest pace since 2009, climbing only 2.1 percent for the year, the smallest gain since the Great Recession ended, raising concerns about consumer spending going into 2016. As bloomberg informs MHProNews the 0.1 percent drop in Dec., 2015 followed a gain of […]
What does collapsing Walmart, other retail sales mean for Manufactured Housing? Read More
Continuing to follow the saga of the Dublin, Ireland, City Council’s attempts to site 500 modular homes to house homeless families in several different areas of the city, as MHProNews last reported Jan. 11, 2016, residents of Belcamp, Coolock are opposing plans to site 38 of the units in their
Another Irish Neighborhood Leery of Modular Homes for the Homeless Read More
The agenda for the Buncombe County Board of Commissioner’s (North Carolina) retreat scheduled for Tue., Jan 19 includes planning this year’s goals and reviewing progress made on goals from last year reports mountainx. Held in the county building in Asheville, increasing affordable housing was on the agenda last year and
Allowing Manufactured Homes in all parts of County being Considered Read More
Stock Markets are closed today in honor of Dr. Martin Luther King, Jr.’s birthday. ## (Photo credit: wikipedia–New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
U. S. Stock Markets Closed Today Read More
Following a story MHProNews posted Sat., Jan 16 regarding the investment in the manufactured home community (MHC) Pacific Skies Estates in Pacifica, Calif., by the Carlyle Group and subsequent upgrading, smdailyjournal reports the owners and the California Coastal Commission are at odds over whether the work requires a Coastal Development
Coastal Commission, City of Pacifica Disagree about Permit Read More
Following a story MHProNews wrote about developer Urban Splash building 43 modular homes at New Islington, Manchester, in the UK, on Jan. 5, 2016, the Salford City Council, a borough of Greater Manchester, is expected to approve the construction of 71 modular terraced homes. In addition, the project calls for
Urban Splash Building More Modular Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Bad and Good – Two Sides – Manufactured Home Living and News Reporting What’s New in Manufactured Housing Industry Professional News Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter
Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016 Read More
MHProNews published a story Sept. 22, 2015 regarding private equity firm The Carlyle Group’s collaboration with Pacific Skies Estates, a 93 site manufactured home community (MHC) on the Pacific, and investing $42 million to upgrade the community with new, high-end MH that will be rented. The plan includes building a
Carlyle Group is one Resident Away from Updating Coastal MHC in CA Read More
For over a year Madison Township officials have wanted to put Hidden River South manufactured home community (MHC) in Adrian, Michigan on one master water/sewer meter, but because the management has not been responsive, township officials are considering a condemnation order to install the meter. When the community was built
Township Set to Impose Master Meter System on Manufactured Home Community Read More
Eight investor-owned utilities in Southern California participating in a program to upgrade old and defective gas pipelines and electric power lines in manufactured homes will pass on the costs to their ratepayers to cover the program. Many of the systems have not been upgraded in decades. Part of the impetus
Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers Read More
In the news from CNNMoney: China’s Haier acquires GE’s appliance unit for $5.4 billion. Oregon governor wants minimum wage hikes. ATM and overdraft fees top $6 billion. Walmart will close 269 stores, about two percent of its total. Couple from Munford, Tennessee one of three winners of history-making Powerball. Robots
Dow Plunges Nearly 400 Points; MHCV Drops Two Percent Read More
Amid the pressing need for affordable housing in this country, as rents rise and incomes remain static, a federal tax law enacted last month may lead to the increased production of affordable rental housing, although the rise may be minimal, according to what housing experts tell nationalmortgagenews. A part of
New Tax Law will only Increase Affordable Housing Units Tepidly Read More
MHProNews has learned from zolmax that in its most recent quarterly financials, Skyline Corp. reports it earned +0.20 earning per share (EPS), well above the -0.41 it reported for the comparable quarter last year. No other quarterly reporting financial information was immediately available. Skyline has a 52-week low of $2.17
Skyline Reports Earnings Per Share Increase Read More
After receiving what he said were threats following a CBS7 report that his son was allegedly taking advantage of customers in his manufactured home business, Odessa, TX businessman Angel Nabarette said of his son’s business, “If anything needs to be reported, it’s that Five Star Manufactured Homes is ripping people
Manufactured Home Retailer Allegedly Absconds with Customers’ Funds Read More
GSEs Fannie Mae and Freddie Mac both increased their multifamily loans and credit enhancements business in 2015, totaling $89.6 billion on the year. Freddie edged out Fannie in volume, with Freddie writing $47.3 billion, a 67 percent increase from 2014’s $28.3 billion, while Fannie reported $42.3 billion, a 46% increase
Government Sponsored Enterprises Grew Multifamily Loans in 2015 Read More
In the news from CNNMoney: Oil is not expected to rebound anytime soon, but will the U.S. have to bail out the domestic oil industry? Oil has fallen from $108/bbl to $30/bbl in just 18 months, and $380 billion in projects related to the industry have been put on hold.
Skyline Gained Sharply, while the Dow reclaimed +227.64 points Read More
MHProNews has learned from builderonline that the sale of existing homes in Nov. 2015 fell 10.5 percent month-over-month and dropped 3.8 percent year-over-year, according to the National Association of Realtors (NAR). This decline marked the first year-over-year drop since Sept. 2014, despite a strong job market. National Association of Home
Existing Home Sales Fall, perhaps due to New Disclosure Rules Read More
Opening with an analysis about the dynamics behind mainstream media coverage, MHLivingNews publisher L. A. ‘Tony’ Kovach used that to focus attention on the recent PBS NewsHour report that featured Carla Burr, titled Bad and Good – Two Sides – Manufactured Home Living and News Reporting. Kovach reminds us of the rule of
Mortgage lenders are reluctant to finance unusual residences because they are difficult to appraise, and if they should fall into foreclosure, they are tough to sell, according to themoretgagereports. The article includes a manufactured home with a couple of barns on ten acres as an unusual asset to evaluate, and
Unique Homes may be Tough to Finance Read More
According to the bemidjipioneer, a public hearing will be held Tue., Jan 19 to consider the closure of the western half of the Westwood Acres Mobile Home Park in Bemidji, Minnesota. Although no reason was given for the closing, the hearing is to discuss the impact of the closing of
Portion of Manufactured Home Community to Close Read More
