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 timesleader of Martins Ferry, Ohio that Harrison County Treasurer Vicki Sefsick announced all real estate and manufactured home bills for the county for the second half of the 2015 toax season have been mailed to those who own property or manufactured homes. The county seat, Cadiz, […]
Tax Bills Mailed for Manufactured Homes in Ohio Read More
The Bloomington (IL) Planning Commission recommended City Council approve a plan for a manufactured home community (MHC) to expand on an eight-acre site that was once part of the Southgate Estates Mobile Home Park. After a foreclosure in 2011, Southgate was split into two parcels, and the larger one became
Plans for Manufactured Home Community Expansion on Hold Read More
David J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now
Equity LifeStyle Properties’ Director Sheds Stock Read More
In CNN News: Supreme Court ruling upholds Affordable Care Act subsidies, Greece has five days to avoid default, Gen-Xers don’t want to be homeowners, and Univision cancels Miss Universe pageant over Donald Trump’s comments about Mexicans. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.20 percent to end
MHCV Edges Up, Health Care Stocks Rise on Supreme Court Decision Read More
After spending a day cleaning up debris around Wimberly, Texas, in the wake of the flooding that ravaged parts of the state, Alberto Pina, general manager of Mobile Homes Direct 4 Less, is offering new manufactured homes at cost to people who lost their homes, according to PRWeb. “The pictures
Texas Dealer Offering Manufactured Homes at Cost to Flood Victims Read More
Cambodia’s two-story pilot Framework House, built of bamboo and wood, was initially aimed at families afflicted with HIV who are in poor health, but will now be targeted generally to those with low incomes. A collaboration of Atelier COLE, Habitat for Humanity Cambodia and Building Trust International, the family for
$2,500 Bamboo and Wood House Measures 861 Square Feet Read More
Lowndes County Planning Commission members in Valdosta, Georgia listened to Lowndes County Planner Jason Davenport propose changes to the Moody Air Force Base zoning regulations. The change would balance the scale between the base and property owners in the Moody Activity Zone (MAZ), according to valdostadailytimes. Noting that current amendments
Georgia Jurisdiction will allow Upgrades to Manufactured Homes Read More
MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC).
Insider Trading at Sun Communities: Randall K. Rowe Read More
Hitting the highest rate since Feb. 2008, new single-family home sales in May 2015 rose 2.2 percent, hitting a seasonally annual-adjusted rate (SAAR) of 546,000, based on data released by the Department of Housing and Urban Development (HUD) and the Census Bureau. The rate was 19.5 percent above last May’s
New Single-Family Home Sales Reach Highest Point in Seven Years Read More
In CNN News: Failure to reach deal with Greece over bailout sends Dow down a slippery slope, losing nearly one percent. Plus, Americans waste $900 a year in food, Alan Greenspan says U. S. real estate is stagnating, the Raleigh-Durham, North Carolina metro area has the most job opportunities, and
Deer Valley Skyrockets +62.50 Percent; Dow Falls 178 Points Read More
The Ohio State Senate passed the state budget June 18, 2015 less the EPA (Environmental Protection Agency) provision that would require manufactured home communities (MHCs) to escrow 15 percent of the cost of a replacement water system, though not to exceed $250,000. It would have also allowed rental income to
Objectionable EPA Provision may be Removed from Ohio Budget Read More
BLOOMINGTON — There is an emerging trend in various parts of the nation, where new manufactured home communities are being authorized by zoning officials and are being built. One of these examples is in Bloomington, IL, where the Pantagram’s Maria Nagle tells MHProNews that a site plan for a new
Another New Manufactured Home Community Plan Advances Read More
Modular units are being used to expand the women’s section of the Livingston County Jail in Howell, Michigan. A spike in heroin related offenses has increased the female inmate population from around a dozen inmates daily 12 years ago to 60, in an area designed for 31. The new design,
Michigan Jail Expansion will Include Modular Cells Read More
A Missouri Supreme Court decision from two years ago that made the sale of used manufactured homes (MH) taxable has been reversed and signed into law by Governor Jay Nixon. Introduced by Rep. Sandy Crawford as HB 111, the sale of used MH had not been taxable for the 20
Sales Tax Rescinded on used Manufactured Homes Read More
At an average price of $500,000, wealthy foreigners bought a record $104 billion of U. S. residential real estate between April 2014 and March 2015, according to cnbc, accounting for eight percent of existing home sales. The National Association of Realtors (NAR) reports Chinese were the biggest purchasers attributable for
Affluent Foreigners Purchased over $100 Billion in U. S. Real Estate Read More
MHProNews has learned Wells Fargo Commercial Real Estate has hired two industry veterans as it expands its presence in the manufactured home communities (MHC) lending sector, following the acquisition of a $9 billion portfolio of commercial real estate loans from GE Capital Real Estate that includes MHC-focused funds. Lew Grace
Wells Fargo Beefs Up Manufactured Home Community Lending Sector Read More
In CNN News: Facebook is now worth more than Walmart, peanut allergy drug due in 2018, same sex marriage is good for business, and sales spike for Confederate flag themed items. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.33 percent to end the day at 729.5. Manufactured
Deer Valley Regains some of Yesterday’s Loss; Nobility Homes Loses its Gain of Yesterday Read More
Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) rose +4.21 percent over the last week and +2.24 percent in the last four weeks, earning a consensus recommendation of “Buy” from analysts. The shares have outperformed the S&P 500 by 3.42 percent in the last week, and by 3.02 percent over the
Manufactured Home Community Owner ELS outpaces S&P 500 Read More
Following a story MHProNews posted June 2, 2015 regarding modular container units to house homeless families in Oahu, Hawaii, Honolulu Mayor Kirk Caldwell refused to sign the budget in part because the city council deleted funding for the Office of Strategic Development (OSD) staff needed to operate the program. Existing
Honolulu Modular Homeless Initiative will Seek Funding Elsewhere Read More
A financing option for start-ups, called Regulation A, will allow potential investors of more modest means the opportunity to obtain equity stakes in what could be the next Facebook or Groupon. Instead of promising companies being backed by venture capitalists and wealthy angel investors, these “mini I.P.O.s” will advertise on
Mini IPOs Offer Smaller Investors Opportunity to Invest Read More
