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 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
Registrations for the 2015 RV/MH Hall of Fame Induction Dinner set for Monday, Aug. 3 are running 13 percent ahead of last year’s record-breaking attendance of 447, according to Darryl Searer, president of the RV/MH Hall of Fame (Hall). There are less than 30 days to register for the event
Record Attendance Expected at the RV/MH Induction Ceremony Read More
In the news from CNNMoney: Oil prices fall below $53 per barrel, banks remain closed in Greece, volatile Chinese economy more threatening than anything in Greece, and Warren Buffett donates $2.8 billion to charity. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -0.64 percent to end the day at
Chinese Government Tries to Control Stock Market; U. S. Markets Flat Read More
While the startribune informs MHProNews that manufactured homes (MH) were the original affordable housing in rural and suburban Minnesota, in the twin cities area of Minneapolis-St. Paul the number of occupied MH has fallen 12 percent since 2001 to 13,660 homes. Nationally, the number of manufactured homes shipped dropped drastically
Demand Continues for Manufactured Homes in the Twin Cities Read More
A study by the Institution of Mechanical Engineers (IME) in Great Britain reiterates the need for 250,000 new homes each year for the next decade, as MHProNews reported July 2, 2015 instead of the 120,000 new units currently being produced, according to telegraph.co.uk. IME suggests modular homes would ease the
Study Enforces UK Need for Modular Homes Read More
Our goal in presenting news and views from the manufactured and modular home industry is to help you, our readers, make the best possible decision in your business. To that end, we continue to upgrade our presentation to better inform you. In this week’s news you will read of developments
Manufactured Housing’s Sunday Morning Weekly News Recap June 28 to July 5, 2015 Read More
The appeal to people who cannot afford traditional built homes is leading the city of Medicine Hat, Alberta, Canada to alter its land use rules for manufactured and modular homes so that any singe-detached home can be classified as a dwelling and sited anywhere in town. Planning Commission Chairman Brian
Restrictions Lifted on Manufactured Homes Siting Read More
MHProNews wishes everyone a joyous 4th. For those manufactured housing professionals and enthusiasts who are looking for meaty news, thoughful MH reading or MH viewing, the new featured articles for the month of July are live on the home page. Or you can read the full line up of new
Celebrating Independence Day, Happy 4th of July Read More
Following up on stories from June 8 and June 19, 2015 regarding the sale of shares of Patrick Industries, Inc. (NYSE:PATK) by Jeffrey L. Et Al Gendell, wkrb13 informs MHProNews that Gendell sold another 2,700 shares of the company’s stock at $39.05 per share for a net value of $105,435.00.
Gendell Sheds another Chunk of Patrick Stock Read More
The Miami Everglades RV Resort in southwest Miami has been sold for $9.84 million by Miami Everglades Campground of Friendswood, Texas to MHC Miami Everglades, which is part of Equity LifeStyle Properties, Inc. (NYSE:ELS) of Chicago. Developed in 1970, the property includes cabins, a main store and a swimming pool.
Equity LifeStyle Acquires Recreational Vehicle Resort in Florida Read More
Happy Birthday America!! (Photo credit: wikipedia commons) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
Stock Market closed in Honor of Independence Day Read More
While many housing numbers are showing sometimes staggered but overall general improvement, employment in the residential construction industry dropped by 6,100 jobs last month, the weakest numbers in five years. Residential specialty contractor jobs increased by 3,700 jobs, resulting in a net loss of 2,400 slots. The three-month moving average
Labor Shortage to Hinder Housing Growth? Read More
“People have been laying bricks for about 6,000 years, and ever since the industrial revolution, they have tried to automate the bricklaying process.” So says inventor Mark Pivac to PerthNow DigitalTrends tells the MH Industry’s Daily Business News that a brick-laying robot has demonstrated how it can build a house in two days. FastBrick
Robot Builds Brick House in Two Days – Will it Impact Manufactured Housing? Read More
With buyers experiencing difficulties finding financing to buy manufactured homes (MH), UMH Properties, Inc. (NYSE:UMH) President and CEO Sam Landy says the company is doing well with rentals and expects occupancy rates to reach “high 90 percent,” according to reit. Noting that the company intends to add 500 rental units
Rentals Increasing for UMH; Date Set for Releasing Q2 2015 Results Read More
Chinese stocks fell again today in a highly volatile session. The Shanghai stock market closed down -3.5 percent, making losses since mid-June hitting 20 percent. Puerto Rico staved off deeper financial problems for the moment by paying off $1.9 billion in debt on Wed. Meanwhile, the Yahoo Manufactured Housing Composite
Skyline Outshines Dow and other Manufactured Housing Stocks Read More
