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.
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. […]
Former MHC Titan’s Tony Condo Yields $4.25M Read More
MHProNews has learned from Marcus & Millichap that Dan Mulkey, vice president investments in the firm’s Tampa Bay office, arranged the sale of Livingston Mobile Home Park in Lutz, Fla. The 65 home site manufactured home community (MHC), set on ten acres, sold for $1,465,000 to a Tampa-based buyer who
Marcus& Millichap Notches another MHC Sale Read More
As the Dow has the worst four day start to the year on record, losing 900 points, the devaluation of the yen is mindful of what happened in August that sent U. S. stocks, as well as markets in other countries, into turmoil. Combined with the “devaluation” of oil markets
Dow Starts the New Year down 900 points; Most MH-related Stocks Fall, Two Rise Read More
MHProNews has leaned from prnewswire that Clayton Homes has partnered with AB Electrolux to offer a complete selection of refrigerators, dishwashers, ovens, washing machines and other household appliances as options for its homes. Each of Clayton’s 36 facilities across the U. S. will be outfitted with Electrolux products. Clayton CEO
Clayton Teams with Electrolux Read More
Updating the story MHProNews last posted Dec. 12, 2015 regarding the clean-up of debris from the wildfires in northern California, Fire Recovery Coordinator Carol Hutchingson said 21 Federal Emergency Management Agency (FEMA) manufactured homes (MH) have been sited in Lake County. Most of them are at Lake Village Estates in
21 FEMA MH Near Ready for Occupants in N. Calif. Read More
According to a report Monday from the El Paso County Public Trustee’s Office in Colorado Springs, Colorado foreclosure activity dropped to a 14-year low in 2015, as 1,470 foreclosure notices went out to area property owners, the fewest since 1,165 went out in 2001. MHProNews has learned from nationalmortgagenews that
Foreclosures Waning Steadily in Colorado and Ohio Read More
Following the on-again, off-again development of modular homes to house the homeless at a variety of locations in Dublin, Ireland, as MHProNews last reported Dec. 18, 2015, the plan to have 22 modular homes ready by Christmas on Balbutcher Lane in the Ballymun district was stalled for a week by
Completion of Modular Homes in Ballymun Set for mid-January Read More
In the news from CNNMoney: Odds of winning Powerball are worse than last year. 181,000 drones registered with the FAA in two weeks. Oil falls below $34/bbl. Dow loses 252 points, closing below 17,000 for first time since mid-October. North Korea says it exploded a hydrogen bomb. Macy’s to cut
Dow Stumbles, Skyline Flies High, AMG Drops Read More
A press release from Capital One reveals it has arranged a $3.27 million Fannie Mae adjustable-rate loan for the purchase of Sierra Mobile Home Park in Santa Clarita, California. The seniors-only community has 74 home sites and features a clubhouse, pool and laundry room. Senior Vice President Chad Thomas Hagwood,
Capital One Provides Loan for Purchase of Calif. Manufactured Home Community Read More
The Town Council of China Grove, North Carolina approved an eight home site subdivision on N.C. 152, according to what salisburypost tells MHProNews. Peyton Crossing was approved by the council in 2008, just as the country was experiencing the housing downturn, but that approval was only good for two years.
Subdivision Approved for Modular Development in North Carolina Read More
With favorable mortgage rates and incomes rising as stimulus, new home sales rose nine percent November year-over-year, and four percent above October, according to statistics from the Census Bureau and the Department of Housing and Urban Development (HUD), according to themortgagereports. Nationwide mortgage rates are around four percent, and with
New Home Sales Rise Sharply from Last Year Read More
The Greater Manchester Property Value Fund (GMPVF), part of the Greater Manchester Pension Fund, has agreed to underwrite the development of 43 modular homes, in an agreement with Urban Splash, at New Islington, Manchester, in the UK. Nathan Cornish, director of Urban Splash, said: “The deal is a huge endorsement
Modular Home Development has Begun in the UK Read More
As oil drilling in North Dakota scales back due to the worldwide drop in oil prices, Morningstar Credit Ratings tells nationalmortgagenews nearly $125 million in securitized loans backed by real estate may be in jeopardy. The debt represents over a third of nearly $340 million of commercial mortgage-backed securities connected
Real Estate Losses in Western North Dakota Start to Mount Read More
In the news from CNNMoney: U. S. dollar begins year strong. Gun investors love Obama. Saudi Arabia “cradle-to-grave” perks under threat. Incomes for whites in Chicago rose +33%; for blacks, incomes have dropped -4%, 1990-2012. Europe’s gun laws becoming more stringent. GM invests $500 million in Uber’s competitor Lyft. Tech
Skyline, Sun, UMH all Rise; Patrick Falls Read More
According to a report released by the Government Accountability Office (GAO), as nationalmortgagenews tells MHProNews, the Dodd-Frank Act is expected to have a $100 million impact on the bottom lines of community banks and credit unions in the form of higher expenses and forgone revenues. Regulators continue to verify actual
Government Accountability Office Evaluates Dodd-Frank Act Effects Read More
The overall amount of fraud risk in home loan documents has been falling, according to what scotsmanguide tells First American, having dropped by 8.2 percent year-over-year Nov., and down 1.3 percent from Oct. to Nov., 2015. First American’s Loan Application Defect Index has dropped 23.5 percent since it reached its
Loan Application Defect Index Falling Read More
This graphic from the Virginia Manufactured and Modular Housing Association (VAMMHA) offers a slightly different view of the shipments of HUD Code homes, comparing 2014 to 2015, and broken down into categories. As MHProNews understands, the entire report, from the Institute for Building Technology and Safety (IBTS) is broken down
In Depth Overview of HUD Code Production for November Read More
According to themortgagereports, home values have reached new highs for the first time in eight years, since early 2007, but not adjusted for inflation. The Federal Housing Finance Agency (FHFA) publishes the Home Price Index (HPI) which reveals that property values rose +0.5 percent in October, marking the 23rd consecutive
Mortgage Application Approvals and Home Values Rise Read More
In the news from CNNMoney: Gold rises on global fear. Oregon is the number one destination state for people moving. New York state will pay up to two years of student loan bills for residents. Volkswagen may have to pay $18 billion in U. S. fines. Fears of China’s manufacturing
No Covered MH-related Stock Gains as the Dow Hits the Skids Read More
MHProNews has learned that usmodularinc reports Europeans have been eying the U. S. housing market for years with their improved technology in the area of prefabricated homes, and have begun to jump in, much like the Japanese did with small, high mileage, inexpensive cars. Eschewing converting an existing building to
U. S. Modular Home Builders need to Sharpen their Saws Read More
