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.
In CNN News: Stocks rally despite hesitancy in Greece, Puerto Rico avoids July 1 default, Australia is selling a ranch the size of New Jersey, and homeownership among Generation X is dropping. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained 1.50 percent to end the day at 721.9. Most […]
MHCV Advances, Most Manufactured Housing Stocks Rise, Nobility Drops Read More
Following the nearly four-year-old on-again, off-again saga of Forest City Ratner’s building of what is billed as the largest modular residential structure in the world in New York City, the mega firm has created a new position to head the modular housing division. Manhattan construction firm executive Susan Hayes will
Mammoth Modular Project in NYC Moving Forward, Again Read More
Low-income Vermont homebuyers interested in purchasing a high performance modular home made by Vermod of Wilder, Vermont may be eligible for a 30-year mortgage at 3.25 percent interest if the home is sited in a manufactured home community (MHC). Under the USDA Energy Efficient Manufactured Home Pilot Program, if the
Low Interest Mortgages Offered to Manufactured Home Community Residents Read More
MHProNews has learned Capital One arranged an $11.9 million fixed-rate Freddie Mac loan to refinance Catalina Village, an all-age manufactured home community (MHC) in Phoenix, Arizona. The borrower has owned Catalina for 20 years and regular investments in capital improvements have helped maintain a high occupancy rate. Proximity to two
Capital One Arranges Financing for Manufactured Home Community Read More
The new July 2015 Featured Articles and Videos will go live in the home page of MHProNews.com under the two center Daily Business News modules the night of July 1, or by noon on July 2. Please check back for all the fireworks from the experts in their respective fields
New July 2015 issue of MHProNews Featured Articles scheduled Read More
In a legal ruling similar to one MHProNews reported June 29, 2015, regarding the siting of manufactured homes (MH) within a jurisdiction based upon age, Lake County, California is proposing to exclude homes older than ten years, but with exceptions. If the home has been owned by the applicant for
Proposal Restricts Siting of Manufactured Homes Read More
Noting that the current rate of homeownership of 63.8 percent is the lowest since 1989, A. Mechele Dickerson writes in nationalmortgagenews that the housing industry needs to be more creative in the housing it builds, and local jurisdictions need to be more flexible in the types of housing allowed in
Home Ownership for Millennials could Lead to Manufactured Homes Read More
In CNN News: Greece asks for more bailout as it heads toward default, Puerto Rico wants to declare bankruptcy in lieu of its $73 billion unpayable debt, businesses upset with President Obama’s proposed rule change to increase overtime pay, and the head of luxury watch and jewelry maker Cartier says
MHCV Slips, Manufactured Home Stocks Quiet Read More
MHPronews has learned from wfie14news that SSK Communities has acquired the 353 home site Lamp Lite Estates manufactured home community (MHC) in Owensboro, Kentucky and intends to “make significant improvements” which will include changing the name to Riverbend Pointe. Nathan Smith, SSK co-founder and Chairman of the Board of Directors
SSK Communities Plans Revamping of Manufactured Home Community Read More
Following a story MHProNews last posted June 19, 2015, regarding Cavco Industries’ purchase of Fairmont Homes and subsequent request for tax abatements from the city of Nappanee, Indiana for production upgrades, the Nappanee City Council approved a $40,000 tax phase-in for equipment purchases and employee training. Noting that Fairmont’s products
Cavco will Retain Fairmont’s Employees, Expand its Customer Base Read More
The Texas Manufactured Housing Association (TMHA) reminds MHProNews that the new appraisal disclosure rules go into effect on July 18, 2015. The rules apply to those homes that go beyond QM status limits set by the Consumer Financial Protection Bureau (CFPB) regulations. DataComp and NADA are going to be the
Appraisal Rule Implementation Looms for HUD Code Manufactured Home sales Read More
As part of the ongoing mixed signals from the factory built housing market, the Manufactured Housing Institute’s (MHI) National Modular Housing Council (NMHC) reports that 2,763 new MODs were shipped during the first quarter of 2015 in the states where they track shipments. That is a 3.9% decline over the
The markets took their biggest hit in about 2 years, as the crisis in Greece grows with the limiting of ATM withdrawals over the weekend, and bank closures today. Closer to home, Puerto Rico’s $72 billion dollar debt may also be at risk, per words spoken by their own governor.
Greek Banks Closed, PR’s Gov says can’t pay debt, Dow Plunges and MHCV sheds 3½% Read More
Jon Johnson is a senior service technician who has years of experience with a number of property management firms in the multi-family housing industry. Inspector Tim Bunch has inspected literally thousands of houses over the years, including new construction, existing resales and manufactured homes. These two distinct video interviews each
Experts Compare Manufactured Homes to Apartments and Conventional Houses Read More
Melonie Roberts of the Monett Times informs MHProNews of another incident of a troubling trend where local jurisdictions are attempting – perhaps out of ignorance – to regulate manufactured homes in a fashion apparently contrary to federal preemption. Pierce City, MO “Aldermen also approved an ordinance governing the age of
Another Attempt by Locals to regulate Manufactured Homes may violate Federal Law Read More
Every week, the ‘history’ of modern manufactured and modular housing is passing before the eyes of our readers here. We cover some mainstream housing news too, when it ought to be of keen interest to those in some aspect of factory-built housing. Our web reports tell us there are those
NASDAQ.com published the following on Friday about manufactured home community sector giant, Equity Lifestyle Properties (ELS). “In trading on Thursday, shares of Equity Lifestyle Properties Inc’s 6.75% Series C Shares (Symbol: ELS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands
Analysts Give Manufactured Home Community giant ELS Thumbs Up Read More
ELKHART, IN., June 25, 2015. Skyline Corporation (NYSE: SKY) announced their Board of Directors named Richard W. Florea as President and Chief Executive Officer and appointed him to the Board of Directors effective July 27, 2015. The company also stated that Bruce G. Page who previously was President, Chief Executive
Marketwatch’s Michael Gayed asks; are investors living in the eye of the storm? “There are some things you learn best in calm, and some in storm.” – Willa Cather. Greece, domestic and other international matters have created a volatile mix for the market, but today there was relative calm. Meanwhile,
Manufactured Housing Composite Value Rose, Tracked Stocks Closed Mixed Read More
San Jose, California – The closure of Buena Vista Mobile Home Park draws closer. Given the impact on 400 low income residents, Santa Clara County supervisors voted Tuesday to offer $6.5 million tied to a similar commitment from the city of Palo Alto, CA. “Time is of the essence,” said
High Dollar Community Closure Looms for Buena Vista Mobile Home Park Read More
