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.
Coachman’s Cove manufactured home community (MHC) in Munith, Michigan was sold at auction July 24 by Friedman Integrated Real Estate Solutions, according to rejournals. Consisting of 213 single section home sites and 33 sites for multi-section, Coachman is located 30 minutes from Ann Arbor on Big Portage Lake next to […]
246 Site Manufactured Home Community Sold in Michigan Read More
MHProNews has learned from the Indiana Manufactured Housing Association-Recreation Vehicle Indiana Council (IMHA-RVIC) that Executive Director Mark Bowersox has resigned his position as of Sept. 5, 2015. With IMHA-RVIC for 12 years, he began as the association’s RV director, added the title of marketing director before being promoted to Executive
Bowersox Takes Vice President Position with Manufactured Housing Institute Read More
In the news from CNNMoney: Tyson closing beef plant in Iowa because of a cattle shortage, costing 400 jobs. U. S. tax revenues are at an all time high. Flamethrowers, which the military quit using after Vietnam, are now available to the public. U. S. Navy triples paid maternity leave
MHCV Outperforms Dow. LPX Gains 3.55% Read More
Following the April and May 2015 earthquakes that caused 9,000 deaths and injured 25,000 in Nepal, the worst earthquake to hit the country in more than 80 years, prize-winning Japanese architect Shigeru Ban has developed a modular shelter home for the survivors made in part from the rubble resulting from
Shigeru Ban develops Modular Shelter for Quake Survivors in Nepal Read More
MHProNews has learned from businessobserverfl that Southwind Mobile Home Park in Palm Harbor, Florida has been sold by Belle Vista Properties LLC for $18.2 million to Kingsley Management Corp. of Provo, Utah. The 213 home site, age-restricted manufactured home community (MHC), which previously sold for $7 million in 1999, is
Kingsley Management Corp. Acquires Florida Manufactured Home Community Read More
Updating a story MHProNews published July 10, 2015 about non-profit Interfaith Housing Services in Hutchinson, Kansas set to receive property from the Hutchinson Land Bank for two modular homes, land bank chairman Mark Eaton said, “We are very excited to transfer our first property. And we have three other properties
Modular Homes will Result from Land Bank Transfer Read More
While the “duty to serve” mandate requiring loans be made available for manufactured home purchases has been on the books since 2008 but never enforced, it may soon see the light of day. The Federal Housing Finance Agency (FHFA) is set to require Fannie Mae and Freddie Mac to purchase
Secondary Market for Manufactured Home Loans Directive Due Soon Read More
Following a story MHProNews posted Aug. 8, 2015 regarding San Jose, California’s attempt to forestall the re-purposing of the city’s 59 land lease communities, mercurynews reports the San Jose City Council directed staff to develop an ordinance within two weeks that would prevent the city from processing any paperwork to
San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities Read More
While manufactured home community (MHC) owners in Langley Township, British Columbia, Canada cannot be compelled to pay relocation costs to displaced residents when redeveloping their communities, municipalities can negotiate relocation costs with the owner when application is made for rezoning, according to langleytimes. The Seniors Advisory Committee had asked the
Council Strengthens Language Regarding Relocating Residents Read More
In the news from CNNMoney: Iran is hiding more oil at sea then we knew about. Women with MBAs are choosing Google over Goldman Sachs. Oil falls to a six-year low, hitting $41.92 a barrel, well below the $100 a barrel one year ago—Texas and North Dakota feel the pinch.
Patrick Gains the Most of MH Stocks; MHCV Slips Read More
In the second project of Dauphin County’s Land Bank Authority, four dilapidated townhouses will be demolished and replaced with five modular homes in Susquehanna Township, a suburb of Harrisburg, Pennsylvania, according to what pennlive tells MHProNews. Three health officers have been working on the four buildings over the years, citing
Land Bank Authority Funds Modular Housing Project Read More
MHProNews has learned from sboanj that Eugene Landy and his wife will serve as Grand Marshals for the Fourth Annual Open Space Pace on Saturday, September 19, 2015, an event of the Standardbred Breeders & Owners Association of New Jersey (sboanj). Festivities begin with a parade of horses from Freehold
Manufactured Home Community Founder Supports Non-profit in New Jersey Read More
Updating a story MHProNews last posted April 26, 2013 regarding Florida’s state-run insurer of manufactured homes, Citizens Property Insurance Co., and its reduction of coverage on MH, orlandosentinel reports seven private insurers have been approved to pick up half of Citizens’ remaining policies, amounting to 280,857 policies, according to the
Citizens Paring Down Policies of Manufactured Home Owners Read More
The National Association of Realtors (NAR) informs MHProNews that the median existing single-family home price increased in 93% of 176 metropolitan areas during Q2 2015, up from 85 percent of metro areas in the first quarter. Compared to the second quarter of 2014, home prices rose 8.2 percent. According to
California Takes Prize for Most Expensive Homes Read More
Fleetwood Corporation Ltd. (ASX:FWD) of Australia produces manufactured and modular homes and buildings for residential, educational and commercial applications, and has a recreational vehicle division as well, according to dailyreckoning.au. Although the report at the end of 2014 showed revenue had fallen 18 percent due to a weakness in the
Fleetwood Poised to take Advantage of Opportunities Down Under Read More
In the news from CNNMoney: Global stock markets plummet over devaluing of Chinese currency. Kraft Heinz gives pink slips to 2,500, over 5% of workforce. Businesses tell Sen. Marco Rubio to change his stance on Cuba. WI Gov. Scott Walker OKs $250 million in taxpayer dollars for sports arena. Meanwhile,
China Devaluation Leaves Stocks Flat; Deer Valley Falls Following Prior Big Gain Read More
As sltrib informs MHProNews, the influx of some 200,000 migrants into Europe this year has benefited the modular housing division of Paris-based Touax Group in Supikovice, Czech Republic, which is trying to keep up with the demand from Germany to house those fleeing war and poverty in their native lands.
European Modular Housing Builder Overwhelmed by Demand Read More
The National Association of Home Builders (NAHB) reports its 55+ Housing Market Index (HMI) slipped one point to 57 in the second quarter of 2015, but maintains the fifth consecutive quarter with a reading over 50. Any number over 50 indicates builders think conditions are good rather than poor, according
55+ Housing Market Index Remains Steady Read More
Following a story MHProNews posted July 27, 2015 regarding the possibility that the Department of Housing and Urban Development (HUD) may increase payments to State Administrative Agencies (SAAs), the Manufactured Housing Association for Regulatory Reform (MHARR) states that HUD’s proposed overall funding to the SAAs would diminish because part of
MHARR Questions HUD’s Proposed New SAA Funding Read More
Two Texas mortgage lenders who were “engaged in a scheme to charge bogus fees to consumers, which improperly inflated mortgages for borrowers purchasing newly constructed manufactured housing,” agreed to settlements with the Department of Housing and Urban Development’s (HUD) Mortgagee Review Board (MRB), according to themreport. For violations of the
Lenders Fined, Lose FHA Approval Status for Manufactured Home Lending Fraud Read More
