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.
The aphorism that to own your own home was the American Dream, and that with a little more initiative you could have your very own Dream Home, has proven to be more elusive. As builderonline says, “The fact that easy and crazy lending made ownership possible does not mean that […]
Market Conditions are Ripe for Manufactured Housing to Fill A Void Read More
Residents at Riverbend Mobile Resort in Reedsport, Oregon are concerned because the ground under their homes is shifting, and in some cases damaging the homes in the community. Riverbend Residents Committee Chair Randy Osborn says, “Homes continue to sink. As they sink, people can’t afford to have them jacked up.
Ground under Manufactured Home Community Shifting Read More
MHProNews has learned Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has agreed to acquire six manufactured home communities (MHCs) in Indiana, Ohio and Michigan for $68.6 million. The all-age communities contain a total of 2,200 developed sites, according to prnewswire. Barring any problems, the transaction is set to be finalized
UMH Negotiating for Six more Manufactured Home Communities, Presenting at NAREIT REIT Week Read More
In the CNN News: China’s Da Lian Zeus Entertainment won lunch with Warren Buffett for $2.3 million, a ticket to the NBA finals sold for $36,843, a first generation Apple 1 sold for $200,000, and sales at Kmart have fallen from $37 billion in 2000 to $12.1 billion last year.
MHCV Edges Up, while Dow, Nasdaq, and S&P 500 all Slip Read More
MHProNews reported May 25, 2015 that Jeffrey L. Et Al Gendell sold 18,783 shares of Patrick Industries, Inc. (NASDAQ:PATK) stock at an average price of $40.92 for $1,144,260.36. According to lulegacy, Gendell, a major shareholder of Patrick, sold an additional 48,500 shares on June 3, 2015 for $40.03 per share
Gendell Unloads more Patrick Industries, Inc. Stock Read More
Following a story MHProNews last reported on Oct. 24, 2014 regarding rent reduction, drainage and road repair problems at the Easton Mobile Home Park that have been an issue for residents for the last ten years, Selectmen, serving as the Mobile Home Park Rent Control Board, have agreed to consider
Rents may Roll Back at Manufactured Home Community in Long Need of Repairs Read More
Noting that his HAS Income Opportunity Fund 1 has delivered upwards of 15 percent return through the end of 2014, Stephen Wheeler, HAS Capital’s Chairman says, “Returns from MH (manufactured housing) related investments are outpacing investments in other real estate sub-sectors. Consistent high return opportunities are available to MH investors,
Manufactured Housing Investments Yield High Returns Read More
Knoxville, TN – – Clayton Bank and Trust has been named the #1 Community Bank in the Nation by the ICBA Independent Banker, the award winning magazine of the Independent Bankers Association. The list published annually covers banks in the $1 Billion assets and Sub S category annually as the
Clayton Bank named #1 Community Bank in the Nation by ICBA’s Independent Banker Read More
In manufactured housing news, L. A. “Tony” Kovach defines path to revitalize the MH industry, while one MH supplier picks new head, another MH producer closes, HUD Code production continues rising, MHC reverting to stick-built homes, Cavco seeks tax abatement, AZ MHC closing, Sen. Donnelly and MHI’s Jennison defend H.R.
Sunday Recap May 31, 2015-June 6, 2015 Read More
MHProNews has learned from kota tv that Magnolia Homes in Gering, Nebraska has closed its doors, and area development officials are looking for a new tenant. Citing large job losses and difficult finance problems in North Dakota due to the drop in oil prices, owner Harry Karsten sent a letter
Magnolia Manufactured Homes Closing Read More
In his fourth installment on General Manufactured Housing Industry Topics, MHProNews and MHLivingNews publisher L. A. “Tony” Kovach says getting Realtors ® involved in the sale of manufactured homes can be a mutually profitable proposition. “We believe there is obvious value in having real estate agents who already know manufactured
Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship Read More
In the CNN News: U. S. gains 280,000 jobs in May, now totaling over one million jobs on the year; OPEC refuses to cut oil production, and consumers expanded their borrowing last month by $20.5 billion. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.08 percent, to end
Skyline Regains Yesterday’s Loss while Drew Drops Read More
Champion Home Builders, Inc. of Troy, Michigan announced today that Keith Anderson, interim CEO since Jan. 2015, has been named President and CEO of the producer of manufactured and modular homes and commercial buildings. Having joined the company’s Board of Managers in 2013, he served as president and CEO of
Keith Anderson Appointed New CEO at Champion Read More
Falling to the lowest level since Q1 2012, the average down-payment for single-family homes, condos and townhouses purchased in the first quarter dropped to 14.8 percent of the purchase price, a slight decrease from 15.2 percent the previous quarter and 15.5 percent a year ago, according to what RealtyTrac tells
Drop in Down Payment Signals Uptick in First-time Home Buyers Read More
Manufactured Home (MH) and Recreational Vehicle (RV) community owner Sun Communities, Inc. (NYSE:SUI) of Southfield, Michigan has declared a quarterly distribution of $0.65 per share of common stock for Q2 2015, payable July 17, 2015 to shareholders of record as of June 30, 2015. The company’s board of directors also
Sun Declares Dividends on Common and Preferred Stocks Read More
The Manufactured and Modular Home Association of Minnesota informs MHProNews its 2015 Spring Conference kicks off the evening of June 8 in Plymouth, MN with an outdoor reception. Workshops during the Conference include: 2015 Session Update and Special Session Manufactured Home Sales, Required Forms, Laws, Installation Standards, and Licensing Reqirements
MMHA Sets Spring Conference Read More
MHLivingNews and MHProNews publisher L.A. “Tony” Kovach follows the time line formation of renter households versus homeowner households, from the New Deal’s attempts to increase homeownership in 1933 to present day attempts, correlating Fannie Mae and Freddie Mac expansion with economic programs, artificially induced interest rates and subsidies to stimulate
Turning Renters to Manufactured Home Buyers Read More
The phone at the Home Center rings or a customer walks in and asks for information about “trailer houses” or “mobile homes,” phrases which smack of thin walls and floors, cheap paneling, fire traps, unsafe, low rent occupants, etc., imagery that goes back nearly 40 years. Returning to that era,
Technology has Revolutionized Manufactured Homes Read More
In the CNN News: Greece fails to meet its IMF financial obligations, legal marijuana business is boosting Denver housing market, China is hoarding cheap oil in a fleet of supertankers, and IMF says Fed should not raise interest rates until next year. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV)
Dow Drops One Percent; Most Manufactured Housing Stocks Fall Read More
MHProNews has learned from logandaily the 2015 manufactured home (MH) tax statements for Hocking County, Ohio have been mailed. Diane Sargent, Hocking County Treasurer, says closing date for MH is Fri., July 31, 2015. Payments postmarked after the due date may be subject to penalty. The treasurer’s office is now
Manufactured Home Tax Statements have been Mailed Read More
