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.
Missouri Auditor Nicole Galloway’s office tells MHProNews reports the Missouri Public Service Commission (PSC) has been lax in its oversight of manufactured homes MH), stating the agency did not follow up on problems discovered during inspections of manufactured and modular homes. The audit, as stltoday reports, found problems with 11 […]
MO Commission Insufficient in its Oversight of New Manufactured Homes Read More
In the news from CNNMoney: Illinois and Pennsylvania are 170 days overdue on budgets. Olive Garden is making a comeback. UN urges freezing supply of ISIS money and guns. Star Wars has record $57 million opening night. Billionaire casino mogul Sheldon Adelson confirmed that his family has purchased the Las
Nobility Homes spikes 6.61%, as Dow Drops over Two Percent Read More
From midsouthnewz, MHProNews has learned Terra Nova Asset Management has increased its holdings in Real Estate Investment Trust (REIT) Sun Communities (NYSE:SUI) by 4.8 percent in Q3 2015, according to an SEC Form 13F filing. The institutional investor added 410 shares during the quarter and now owns 8,900 shares of
Terra Nova Acquires $603,000 of Sun Shares Read More
Following the continuing saga of modular homes being built in Ballymun in Dublin, Ireland to house the growing homeless population, the Dublin City Council said, “the contractor’s security staff was threatened by persons unknown wearing balaclavas (ski masks). They were told to go back to the north or their machinery
Threats Shut Down Modular Home Site Read More
MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
Under a new manufactured housing ordinance being drawn up by the city of Washington, Indiana, as washtimesherald tells MHProNews, incoming Building Commissioner Bryan Sergesketter states there are three types of manufactured housing, as Lindsay Owens writes: “Type I, which is set on a permanent foundation; Type II, which is brought
New Ordinance Classifies Manufactured Homes into Three Types Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15
Sun Communities ordered to Remove Tree or be Fined Read More
In the news from CNNMoney: Gold tumbles to six-year low. Tim Cook shakes up Apple’s management. New moms at PayPal get 16 weeks paid leave, dads get eight weeks “bonding leave.” Argentina’s currency is crashing by 30%. Next year rents are expected to rise 3-5 percent. Smart socks pause Netflix
MHCV Falls nearly two percent; Dow Drops just under 1.5 Percent Read More
Residential building permits rose 11 percent over October, 2015, and 19.5 percent higher than Nov. 2014, according to what realtor reports from the statistics issued by the Census Bureau and the Dept. of Housing and Urban Development (HUD). Multifamily building permits rose 30.8 percent month-over-month and 38.9 percent year-over-year. The
Building Permits, Groundbreakings Up for the Month and Year Read More
Following a pattern since Nov. 2014, as MHProNews has reported numerous times, Jeffrey L. Gendell is shedding more Patrick Industries, Inc. (NASDAQ:PATK) stock, this time 6,835 shares for $40.12 per share for a net of $274,220.20. Major shareholders that own ten percent or more of a stock are required to
Gendell Continues Off-loading Patrick Stock Read More
MHProNews has learned from newswire.ca that SpruceLand Properties, Inc. of Edmonton, Alberta, Canada has agreed to sell its portfolio of manufactured home communities (MHC) and commercial properties to two independent buyers for $101.6 million. The sale agreement for the two MHCs carries a price of $40.6 million, to be satisfied
Spruceland of Canada selling both Manufactured Home Communities Read More
Word has arrived from New South Wales (NSW), Australia that manufactured home community (MHC) owner Ingenia Communities has acquired South West Rocks Tourist Park in NSW for $8.5 million ($6.03M USD), but only the business and not the land, reports abc.net.au. As MHProNews posted Oct. 21, 2015, Ingenia acquired Lakeside
Ingenia Buys Tourist Park, Adding 54 Manufactured Homes Read More
In the news from CNNMoney: Facebook and Uber launch new partnership. Federal Reserve finally raises interest rates, minimally. Men’s Warehouse founder rents tuxedos on line. Americans saved $540 on gas this year. Stores not happy with warm December. Disney spent $4 billion on Lucasfilm and new Star Wars. 134 American
Dow, several MH-related Stocks Advance on news of Interest Rate Hike Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Federal Housing Finance Agency (FHFA) has issued a new “duty to serve (DTS) underserved markets” provision of the Housing and Economic Recovery Act of 2008 (HERA). However, the DTS credit will not be available under the proposal for
MHARR Underscores Need for MH Chattel Loans to be Included in new Duty To Serve Proposal Read More
Homebuilder sentiment fell one point, from 62 down to 61 in December, according to the National Association of Home Builders (NAHB), missing the consensus forecast of 63. “Overall, builders are optimistic about the housing market, although they are reporting concerns with the high price of lots and labor,” said NAHB
Housing Market Index Slips Read More
The Manufactured Housing Institute (MHI) informs MHProNews that congressional leaders have announced a $1.1 trillion omnibus appropriations spending bill to keep the government funded through fiscal 2016, but none of the Dodd-Frank Act reforms were included. Rep. Stephen Fincher (R-TN), the sponsor of the Preserving Access to Manufactured Housing Act
Dodd-Frank Reform not Included in Omnibus Appropriations Bill Read More
The Federal Housing Finance Agency (FHFA) released a plan today, Dec. 15, 2015, that gives owners of manufactured home communities (MHCs) the opportunity to access financing by Fannie Mae and Freddie Mac (the GSEs), according to what nationalmortgagenews tells MHProNews. It also would provide incentives for states to convert manufactured
FHFA Proposal could Reform Sale of Manufactured Homes Read More
According to wareham-ma.village soup, Wareham, Massachusetts Selectmen Peter Teitlebaum reported to other members of the Wareham Board of Selectmen that he testified at a legislative hearing in Boston in support of Wareham’s home rule petition. It would allow the town to count manufactured homes as affordable housing in order to
Massachusetts Town wants to Classify Manufactured Homes as Affordable Housing Read More
A public hearing by the Cold Spring (New York) Zoning Board of Appeals may determine if a three-bedroom modular house and accompanying garage may be sited at 230 Main St. across from Philipstown’s 1867 Town Hall, according to phillipstown.info. Prepared by Westchester Modular Homes for Sarah DeFranco, plans for the
Modular Home Proposed for Long Vacant Historic Property Read More
In the news from CNNMoney: Lower fuel costs send airline profits skyrocketing. It has been nine-and-a-half years since the Federal Reserve last raised interest rates.—June 29, 2006. One source estimates there are 71,000 people in the West—North America, Europe and Australia—who may be “prone to radicalize.” Some analysts say the
Fed expected to raise Interest Rates at their Meeting Wednesday Read More
