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.
Following a story MHProNews posted June 17, 2015 regarding the Dublin, Ireland City Council’s plan to provide modular housing units for the city’s homeless, a Dublin Region Homeless Executive (DRHE) spokeswoman said the city is determining a site for examples of the units to go on display. She said the […]
Dublin will Display Modular Housing Examples Read More
The Huntsville, Texas City Council agreed with the Planning & Zoning Commission’s recommendation that prohibits manufactured homes (MH) from being sited outside MH communities, while grandfathering in existing MH, according to itemonline. Although Councilman Ronald Allen mounted a spirited opposition to the ruling, noting that people have paid taxes on
Texas City Votes to Keep Manufactured Homes only in Communities Read More
MHPronews has learned Arlington Estates manufactured home community (MHC) outside Blair, Nebraska was sold May 20 to local businessman Clifton Johnson by Kacey Witte. Licensed for 16 home sites, Arlington is zoned light industrial, which legally means no homes can be moved into the community, and those damaged more than
Land Lease Community may Continue as Non-Conforming Read More
In the news from CNNMoney: Companies in the S&P 500 are expected to report their sales and profits for Q2 will be down 4.5 percent from a year ago. Greece submits economic reform proposal well ahead of Sunday’s meeting about possible bailout. The Labor Department reported applications for unemployment benefits
MHCV Outshines the Dow; Nobility Homes Advances over 5% Read More
The Oaks of Rockford manufactured home community (MHC) in Rockford, Michigan is hosting a Grand Opening event on Friday, July 17 to welcome new manufactured home models to the 55+community. The Rockford Chamber of Commerce will participate in a ribbon cutting ceremony to celebrate the official opening. Open to the
Michigan Manufactured Home Community Celebrates Grand Opening Read More
Add Parkland Estates Cooperative, Inc. of Litchfield, New Hampshire as the state’s 114th resident-owned community, according to Steve Varnum of the New Hampshire Community Loan Fund. What had been Hillsboro II Mobile Home Park became Parkland Estates June 26, 2015 when the residents of the 33 home site community negotiated
Community Loan Fund Assists another Community into Co-Op Status Read More
A couple requested the Jasper (Alabama) City Council to rezone a 1.6 acre piece of property from R-2, single-family housing, to R-3 affordable housing, in order to site a manufactured home (MH) on the property. Neighbors who live near the property are concerned an MH would depreciate their own real
City Council Tables Request for Manufactured Home Siting Read More
Last month the Mashantucket Pequot Tribe in Connecticut broke ground on an affordable housing project of four modular units that will be ready for occupancy in September. There had been a rental housing wait list for years that produced few results. The tribe’s Housing Committee recently replaced it with selection
Indian Tribe Installing Modular Homes on Reservation Read More
An advertisement for the Forest Grove Rural Fire District in Oregon might read like this: “Seeking four roommates for free housing. Must have firefighting skills and be willing to live and work in rural setting. Affection for the sound of sirens is a plus.” The district is offering free housing
Firefighters can Live for Free in Manufactured Home Read More
In the news from CNNMoney: Trading interrupted on NYSE because of electronic glitch. Dow drops precipitously due primarily to the Chinese stock market plunge and continuing concerns about Greece, sending the Dow down nearly 1.5 percent. Greece’s problems may delay a rate hike by the Federal Reserve. Wall Street Journal
MHCV Drops, Dow Dives, Liberty Homes Spirals South Read More
Following a storm that inundated Franklin County, Missouri, residents of Sleepy Hollow land lease community said Pin Oak Creek overflowed and flooded the community because a bridge built over the creek impeded the flow of the water. Firefighters rescued about a dozen people from the flash flood. Residents told fox2now
Creek Overflows, Resident Evacuated from Land Lease Community Read More
Suggesting the delay may be beneficial to both lenders and consumers, the Consumer Financial Protection Bureau (CFPB) has delayed for a second time the launch of the integrated disclosures for residential mortgage loans under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). It is
CFPB Postpones Implementation of Know Before You Owe Read More
Manufactured home (MH) and recreational vehicle (RV) component supplier Drew Industries, Inc. (NYSE:DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) has entered into a six-year exclusive agreement with Furrion Limited, which is also headquartered in Elkhart, according to goshennews. The agreement affords Lippert the rights to distribute Furrion’s
Drew Draws up Agreement with Furrion Read More
As the boundaries between working life and leisure life begin to fade, this 290 square foot micro apartment offers a home as well as a home office, according to jetsongreen. The Zoku Loft, co-founded by Hans Meyer, offers a living area, bathroom, small kitchen, a recessed area off the hallway
Micro Apartment Combines Living, Working Space Read More
In the biggest rent hike since 1999-2000, new resident rents rose 5.2 percent during the year that ended June 30, according to data from MPF Research. “By far the biggest factor driving up the overall rent growth number is simply significantly more momentum in metros that previously had been performance
Rental Market Continues Strong among Historical First-time Homebuyers Read More
In the news from CNNMoney: Almost 25 percent of Chinese stocks have stopped trading as China fears crash. Greek banks remain closed as Europe decides whether to save Greece again. Background checks for gun sales spiked 11 percent in June. Carnival Corp. could send cruise ship to Cuba next year.
MHCV Slips; Chinese Government Tries to Prevent Market Crash Read More
The Fair Housing Act (FHA) does not allow discrimination in the buying, selling, use or renting of homes, which fall under the category of “intentional.” Under a recent ruling by the United States Supreme Court (SCOTUS), in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc., 576
Supreme Court ruling could Open the Floodgates against Manufactured Home Community Owners Read More
Already the largest presence in the U. S. mortgage market, Wells Fargo (NYSE:EFC) is expanding its ambitions in the commercial real estate market, and more specifically, in the manufactured home community (MHC) sector. The acquisition of a $9 billion commercial loan portfolio from General Electric has imbued Wells Fargo with
Wells Fargo Actively Pursing the Manufactured Home Community Loan Market Read More
MHPronews has learned from couriermail Ingenia Communities Group has acquired manufactured home community Upstream Bethania in its target market of Brisbane, Australia, and very near to Chambers Pines Lifestyle Resort, another recent purchase. The newest acquisition has 54 developed homesites, and work will begin immediately on the 74 additional approved
Australia’s Ingenia Acquires Manufactured Home Community in Brisbane Read More
According to official statistics released by the U. S. Department of Housing and Urban Development (HUD), production of HUD Code manufactured homes hit 5,798 in May, 2015, a modest increase of 1.1 percent over the 5,733 homes built in May of 2014. However, industry production on the year is 8.8
May Manufactured Home Production Shows Modest Gain Read More
