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 new rules are the reason I drink,” said Joe Parsons, a senior loan officer at mortgage lender PFS Funding in Dublin, California, referring to the federal home disclosure rules created to give borrowers more time to review documents. He says because the new rules are extending closing times beyond […]
Existing Home Sales Fall, TILA-RESPA Rule Blamed Read More
Continuing a pattern set in motion Nov. 2014, one which MHProNews has reported on numerous times since, Jeffrey L. et al Gendell (a.k.a. Jeffrey Gendell) unloaded 66,753 more shares of Patrick Industries, Inc. stock, as told by dakotafinancialnews. According to a filing with the Securities and Exchange Commission, required of
Gendell Deals more Patrick Stock Read More
Tent City 3 in Seattle, Washington is a peer-run homeless encampment with ties to social welfare services and some 60 residents, according to news.ca.yahoo. A 2014 report from the National Law Center on Homelessness & Poverty (NLCHP) indicates citywide anti-camping bans have risen by 60 percent since 2011. The U.
Seattle’s Tent City Provides Structure for the Homeless Read More
In the news from CNNMoney: Spain has a $2 billion lottery: tickets cost $218 each. Toshiba predicts $4.5 billion annual loss. For Santa to visit all 675 million households worldwide, traveling 226 million miles, and if he was buying jet fuel at $1.20/gal., he would need 45 million gallons of
Dow Slowly Climbs back from Losses; MHCV loses -0.09 percent Read More
Following a story MHProNews last posted Oct. 14, 2015 regarding the arrival at the Ellsworth Air Force Base of manufactured homes to house flood victims on the Pine Ridge Indian Reservation, a private professional services firm, Dewberry, is assisting with the installation of the homes for the Oglala Sioux Tribe.
Manufactured Homes Destined for Oglala Sioux Staged at Ellsworth Air Base Read More
MHProNews has learned from dakotafinancialnews that Drew Industries, Inc. (NYSE:DW) Chairman Emeritus Leigh J. Abrams sold 5,400 shares of Drew stock for $60.10 per share for a net transaction of $324,540.00. Disclosed in a transaction with the SEC, Abrams now owns 71,311 shares valued at $4,285,791.10. The company’s earnings for
Chairman Emeritus Abrams Sells Drew Stock Read More
National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
Allan Wallis, writing in Wheel Estates, says: “The mobile home may well be the single most significant and unique housing innovation in twentieth-century America. No other innovation addressing the spectrum of housing activities- from construction, tenure, and community structure to design- has been more widely adopted nor, simultaneously, more widely
Vertical Manufactured Home Community Built, then Scrapped Read More
Following a story MHProNews published Dec. 18, 2015 regarding a proposed addition to Carrington Pointe MHC in Fort Wayne, Indiana, the Fort Wayne Board of Zoning Appeals postponed a decision on the project to allow the applicant, Sun Secured Financing LLC, more time to review staff concerns over a retention
Flying Fowl Foul Fort Wayne Formula for Expanding Manufactured Home Community Read More
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
