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.
MHProNews has learned from Capital One that the company has arranged a $14 million Fannie Mae fixed-rate loan to refinance Rincon Country Mobile Home Park in Tucson, Arizona. Damon Reed, Senior Vice President and Capital One’s Director of MHC (manufactured housing community) Finance arranged the transaction to retire existing higher-rate […]
Capital One Arranges $14 Million Fannie Mae Loan Read More
MHProNews has learned from marketwatch that Elkhart, Indiana-based Drew Industries, Inc., (NYSE:DW) will release its Q2 2015 financials before the market opens on Tuesday, Aug. 4, 2015, to be followed by a conference call later that same morning at 11 AM EST to discuss the results and other business matters.
Drew Industries to Release Second Quarter Financials Read More
In the news from CNNMoney: Harley Davidson recalling 185,000 motorcycles. Gold has fallen to its lowest point in five years, down more than 40% since 2011. Donald Trump earned $600,000 from the storied Central Park Carousel in NYC’s Central Park. In latest J. D. Power survey Chevrolet Corvette beats Porsche
Deer Valley Corp. Jumped +10.25 percent while Most All Tracked Stocks Fell Read More
Existing home sales increased 3.2% to a seasonally adjusted annual rate of 5.49 million in June, according to usatoday, selling at the fastest rate in eight years. Chief Economist for the National Association of Realtors (NAR), Lawrence Yun says “Buyers have come back in force, leading to the strongest past
Home Sales Rise to Best Rate in Eight Years Read More
According to abladvisor, Capital One has provided a $4.6 million fixed-rate loan for a repeat client to acquire Ocean West, a 127-unit, age-restricted manufactured home community (MHC) in McKinleyville, California. Built in 1979 and renovated in 1986, the property is located less than a mile from the Pacific Ocean, and
Capital One Arranges Purchase of CA Manufactured Home Community Read More
Following a story MHProNews last posted July 20, 2015 regarding the fire that has temporarily halted production at Keiser Homes in Oxford, Maine, sunjournal reports unfinished orders will be completed at one of the parent companies plants in Pennsylvania. While employees at the plant continued to ship homes to customers,
Orders for Keiser’s Modular Homes will be Built at a Sister Plant Read More
In a pattern that MHPronews has reported at least five times going back to Nov. 7, 2014, dakotafinancialnews reports Patrick Industries (NASDAQ:PATK) major stockholder Jeffrey Gendell has unloaded another mass of stock, this time 37,901 shares in a transaction dated Friday, July 17, 2015. According to the Securities and Exchange
Gendell Unloads More Patrick Stock for $1.48 Million Read More
Marcus & Millichap (M&M) has informed MHProNews of the sale of a 135+ home site manufactured home community (MHC) near Tarpon Springs, Florida for $6,400,000. The age-restricted community is situated on 15.37 acres, according to Richard D. Matricaria, regional manager of the firm’s Tampa office, and includes a 2,500 acre
Manufactured Home Community in Florida Sells for $6.4 Million Read More
Park Street Partners (PSP) of Ladera Ranch, California informs MHProNews it has purchased Desert Trails Mobile Home Park in Green River, Wyoming, marking its seventh manufactured home community (MHC), but its first acquisition of the year, according to pressreleaserocket. Noting the community’s occupancy increased during the closing period, co-founder of
PSP Seeks Manufactured Home Communities to Provide Affordable Housing Read More
In the news from CNNMoney: Apple stock fell five percent in today’s trading, following an eight percent drop yesterday because it sold “only” 47.5 million iPhones last quarter. IBM investors are singing the blues. Fast food workers in the U. S. total 3,131,390, one percent of the population. Meanwhile, the
MHCV Edges Up, NASDAQ Slips, Existing Home Sales Rose 3.2 % in June Read More
A $700,000 U. S. Department of Housing & Urban Development (HUD) Indian Community Development Block Grant will provide seven new one-and two-bedroom manufactured homes for the Elko Band Colony Native Americans in Elko, Nevada, according to elkodaily, as tribal members and staff break ground for the homes. The HUD grant
Elko Band Native Americans Break Ground for New Manufactured Homes Read More
Following up on a post MHProNews wrote July 13, 2015, regarding the Huntsville, Texas, City Council’s vote to prohibit the new siting of manufactured homes within the city limits, D. J. Pendleton, Executive Director of the Texas Manufactured Housing Association (TMHA), informs MHProNews the city council reversed its decision. The
Texas City Reverses Decision, Votes to Allow Manufactured Housing Read More
While the Corporation for Enterprise Development’s (CFED) Doug Ryan nominally supports manufactured homes (MH) as affordable housing for low income consumers, his response to The Hill about Rep. Steve Fincher’s call to ease the regulatory burdens on prospective purchasers of MH demonstrably misses the mark. As MHProNews and MHLivingNews publisher L.
War of Words? DC’s The Hill Congressional Blog on Manufactured Housing Finance Reform Read More
In the news from CNNMoney: Move to Panama and retire, beachfront, on $25,600 a year. Falling prices of gold, oil, aluminum and copper raise concerns about global market. The NFL brought in $12 billion last year, a big jump from the $10.5 billion the previous years. Apple stock falls eight
Deer Valley Falls -11.11%, as Most Tracked Manufactured Housing Stocks Slip Read More
MHProNews has learned from uknewsyahoo that Equity LifeStyle Properties (ELS) reported for the second quarter 2015 it posted funds from operations (FFO) of $64.5 million or $0.70 per share, beating the average estimate of Zacks Investment Research analysts by $0.02 per share. A closely watched measure in the real estate
Equity LifeStyle Properties Beats Analysts Expectations in Q2 Read More
As the housing recovery sputters along from the Great Recession, trying to overcome the lowest percentage of homeownership in 20 years (63%), even with the aid of artificially maintained low interest rates, people are moving away from the McMansions with their high maintenance and trophy appearance, and paying more attention
Factory-Built Homes—the New Cool Read More
A class action lawsuit has been filed on behalf of 22 owners of manufactured homes (MH) in Burnside, Minnesota after the city sent notices telling the homeowners they need to remove their carports because they were installed without permits, according to kstp-tv5. City Code Enforcement Coordinator Christopher Forslund said the
Lawsuit Challenges Removal of Manufactured Home Carports Read More
Following a story MHProNews reported Friday, July17 regarding a fire at modular builder Keiser Homes in Oxford Maine, sunjournal reports the fire was contained to a lean-to where where wood was stored, destroying most of the wood and the structure, but did not affect the main building, the electrical system
Keiser Homes Fire did not Damage Main Structure, Electrical or New Homes Read More
In the news from CNNMoney: Gold prices fall to five-year low. Banks in Greece open for the first time in three weeks, but customers can only withdraw 60 euros. Huffington Post to cover Donald Trump as entertainer, not as a politician. Hillary Clinton says employees should receive more of corporate
Deer Valley Gains 10.25%; Dodd-Frank Turns Five Tomorrow Read More
In good news for the housing industry, the U. S. Department of Commerce reports housing starts spiked 26.6 percent in June and housing permits markedly rose 30 percent over a year ago, both notching eight-year highs, largely due to the strength of the multi-housing market.. The seasonally adjusted annual rate
Housing Starts, Permits Hit Eight-year High Read More
