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.
A modular home currently under construction at Botetourt Technical Education Center in Roanoke, Virginia may wind up as a Habitat for Humanity home, as Habitat representatives attempt to solidify a partnership with the school, roanoke tells MHPronews. While they have not yet located a lot for the house, this will …
Student Built Modular Home will House Habitat for Humanity Family Read More
Maine Modular Manufacturing Homes owner Scott Gove requested a special exemption building permit for a client couple who want to build a modular home on 2.7 acres of family land in Lincoln County, Maine, but the Edgecomb Planning Board denied the building permit application, according to wiscassetnewspaper. After reviewing the …
In the news from CNNMoney: Stocks for gunmakers Smith & Wesson and Sturm Ruger are up 80% and (nearly) 70% respectively. Mortgage process just got a little easier for consumers. Peace in Colombia could be lucrative for investors. World poverty rate to fall below ten percent for first time. Pacific …
MHCV Gains +3.10%; Carlyle Spikes 9.19%; Dow Shoots Up 304 Points Read More
The infrastructure at the 30 home site Frost Residents Cooperative manufactured home community in Derry, New Hampshire is in need of repair, and the Derry City Council last year authorized an application for Community Development Block Grant (CDBG) funds to pay for an engineering study of the infrastructure. According to …
Councilors to Discuss Infrastructure at New Hampshire Co-operative Read More
New Mexico’s Mortgage Finance Authority (MFA) has set up a new program, Next HOME, which expands down payment and closing cost assistance, inclusive of buyers who already own a home, according to lcsun-news. Teri Baca, with MFA, says, “Next HOME allows move-up buyers with annual incomes up to $75,000 to …
Manufactured Homes Included in New Mexico Home Buyer Assistance Program Read More
As houstonchronicle tells MHProNews, roughly 85 manufactured home communities (MHCs) have closed in the greater Houston, Texas metropolitan area in the last ten years as property values in the large urban area have risen. Timbercrest Village, a 390 home site MHC set on 150 acres, all but hidden from view …
What’s New in public focused Manufactured HomeLivingNews.com Weathering the Storms: How Manufactured Homes Can Do It Better A Surprising Solution to America’s Quality Affordable Housing Crisis Whispering Pines Manufactured Home Community – Somerset PA, Inside MH Video What’s New in Manufactured Housing Industry Professional News FHFA to roll out MH …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015 Read More
According to lulegacy, Zacks has upgraded shares of Encore Wire (NASDAQ:WIRE) from a sell rating to a hold rating, and DA Davidson reduced their price target from $41.00 to $37.00 and issued a neutral rating on the stock. Meanwhile, director Gregory J. Fisher bought 1,500 shares of company stock at …
MHProNews has learned from marketwatch that UMH Properties, Inc. (NYSE:UMH) has financed four manufactured home communities (MHCs) through Wells Fargo Bank, NA for a total of $30 million. These Federal Home Loan Mortgage Corporation (Freddie Mac) mortgage loans mature in 10 years with principal repayments based on 30-year amortization schedules. …
In the news from CNNMoney: Scottrade hacked, customer data stolen. 142,000 jobs added in September, perhaps forestalling interest rate hike this year. Sweden flirts with six hour work day. Hackers steal T-Mobile USA data from Experian. Bitcoin comprises 40% of all criminal-to-criminal payments online—Bitcoin is hard to trace. Meanwhile, the …
Dow Gains 200 Points despite Weak Jobs Report for September Read More
According to nationalmortgagenews, the Federal Housing Finance Market (FHFA) will issue a final rule within the next 12 months requiring Fannie Mae and Freddie Mac to better serve the manufactured housing market and rural markets, and increase the preservation of affordable housing under the “duty-to-serve” mandate. The rule will therefore …
Secondary Market for Manufactured Home Loans Coming from FHFA Read More
MHProNews has learned from businessnews.au that an English company from Bath, UK, ApplyInnovation, will partner with a Perth, Australia contract management group to create the first manufacturing firm dedicated to modular building focusing on residential, student housing, aged care and offices. The joint venture, ApplyModularAustralia, is set to begin production …
UK Firm Collaborating with Western Australian Company to Produce Modular Homes Read More
A large, upscale modular apartment complex may be in the offing just outside Albany, New York, according to what bizjournals tells MHProNews. Planned by Prime Cos., the modules for the 165-unit Hudson Square apartments will be made in Canada instead of in the U. S because of the value of …
High End Modular Apartments Planned for Upstate New York Read More
MHProNews has learned from prnewswire that the board of directors of UMH Properties, Inc. (NYSE:UMH) has announced its quarterly cash dividend of $0.18 per share on the company’s common stock will be payable Dec. 15, 2015 to shareholders of record as of Nov. 16, 2015. The annual dividend is $0.72. …
Sun Communities, Inc. of Southfield, Michigan will release its third quarter earnings report on Tuesday, Oct. 27, 2015 before the market opens followed by a conference call to discuss the results at 11:00 AM eastern time later that same morning, according to nasdaq. Callers can participate at 888 427-9411. Sun …
In the news from CNNMoney: Dunkin Donuts to close 100 stores. Foreigners own 43 percent of U. S. government bonds and 35% of the U.S. corporate debt market. ConAgra Foods is terminating 1,500 employees and moving from Omaha to Chicago. Eleven states spend more on prisons than on education. U. …
Realizing that a ten-year restriction on manufactured homes (MH) brought into Ruidoso Downs in New Mexico was not realistic because, as Planning and Zoning Director Steve Dunigan said, “You could have a two-year old home that is a disaster versus a 27-year old home that has been kept up,” the …
MHProNews has learned from the Wisconsin Housing Alliance that the Department of Housing and Urban Development’s (HUD) Final Rule that allows manufacturers to complete the construction of manufactured homes on site instead of in the factory with gaining permission. The rule will eliminate the need for time-consuming approval under the …
HUD Finalizes Rule Regarding Onsite Completion of Manufactured Homes Read More
MHProNews’ unique 6th Anniversary issue goes live on Saturday. It could be dubbed TCOB – Taking Care of Business – as readers of Featured Articles will soon see. To learn more about the 6th anniversary issue, plus current events and commentary not covered in the Daily Business News, click on …
With September’s year-over-year growth of 6.8 percent for multifamily rentals, multifamily rents reached a new record high of $1,167 in September, while also increasing to the highest year-over-year growth of the post-recession cycle, according to the most recent edition of Matrix Monthly by Yardi. The report says rents have risen …
