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.
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
Updating a story MHProNews last posted June 16, 2015 regarding the repurposing of a manufactured home community (MHC) into a senior’s health care facility, thenownewspaper reports the Surrey (British Columbia, Canada) City Council has for the second time delayed approval of the project, this time in a 5-4 vote. With
Redeveloping Land Lease Community Put on Hold Again Read More
Following a story MHProNews last reported on June 23, 2015 regarding proposed container units modified into modular housing for homeless residents of Honolulu, Mayor Kirk Caldwell had refused to sign a budget because funding for the program was not provided. As staradvertiser reports, in the aftermath of the assault on
Attack on State Rep. Hastens Contract for Modular Housing Read More
The government in the United Kingdom continues to fall short of providing affordable housing because of its reliance on the private sector, according to worldcement/europe. Noting the need for 250,000 homes annually to tackle the spiraling home prices and the critical shortage of affordable housing, MHProNews understands the benefits of
Manufactured Housing on Table for UK Affordable Housing Confab Read More
“The manufactured housing industry’s professionals are racing to contort themselves into yet another new shape to fit their federal masters.” So sayeth a company official off-the-record to MHProNews, as the new Consumer Financial Protection Bureau (CFPB) appraisal rules hits home on July 18th, 2015. State associations and the Manufactured Housing
The Greenback Boogie – CFPB’s Manufactured Housing Appraisal Rule hits July 18, 2015 Read More
Randall K. Rowe, Chairman of Green Courte Partners, LLC has been chosen to lead a global organization dedicated to creating communities that are livable, economically prosperous and environmentally sustainable. As Global Chairman of the Urban Land Institute (ULI), an education and research non-profit founded in 1936, Rowe will have three
Urban Land Institute Chooses Randall K. Rowe as Chairman Read More
Indianapolis, IN – Legacy says that Sylvia W. Silver passed away peacefully on June 27, 2015, at the Hooverwood Jewish Home, in Indianapolis, IN. She was 101. Sylvia was Born in Chicago, IL in 1913, to Austrian immigrants Herman and Rose Werner. Sylvia later married Leo Silver, and moved with
Sylvia Silver, mother of Daily Business News writer Matthew Silver, dies at 101 Read More
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
