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.
Caterpillar reported better than expected earnings, Facebook continues to be strong, and Dunkin’ Donuts and Domino’s Pizza both reported strong earnings and reports, but health care costs worried investors as they wait for a report from the Federal Reserve which is meeting this week. The Yahoo Manufactured Housing Composite Value …
Following a story we last reported on March 25, 2015 regarding the need for additional classrooms in Licking Heights, Ohio, the school board approved $211,000, by a vote of 5-0, to purchase six used modular classrooms for Licking Heights Central Middle School for school year 2015-2016. MHProNews has learned from …
Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc., which supplies components to the manufactured housing and recreational vehicle industries, has acquired Spectal Industries., Inc. of Granby, Quebec, Canada. With production facilities in Canada as well as Tennessee and South Carolina, Spectal manufactures doors and windows for commercial and …
A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan …
New South Wales Review may Ease Restrictions on Manufactured Home Communities Read More
Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields …
Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the …
Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More
Following a story MHProNews posted earlier regarding a significant rise in existing home sales based on numbers of the National Association of Realtors, Dave Kranzler, writing for seekingalpha, says when the numbers are put into a longer range historical context, there is “more sizzle than substance.” Home sales were said …
The Bank of America/Merrill Lynch Low Income Housing Challenge pits eight teams from six West Coast universities against each other to develop affordable housing proposals for potential future development. Now in its 24th year, the goal is to attract undergrad and grad students to be part of the next generation …
Affordable Housing Competition Set for University Students Read More
The NASDAQ and the S&P 500 hit new closing highs, Comcast stepped back from its attempt to take over Time-Warner, and airlines saved $3.4 billion on lower fuel costs, but passed on only $0.66 savings per fare. The Yahoo Manufactured Housing Composite Value (MHCV) fell -0.22 percent, to close at …
MHCV Slips, LPX Gains, Airlines Save on Fuel but Fares Remain Read More
MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500 …
MHProNews has learned from nationalmortgagenews that Rep. Patrick McHenry (R-NC) says the House passed a measure last week that would regulate how points and fees are calculated under the Consumer Financial Protection Bureau’s (CFPB) “qualified mortgage” rule, but Sen. Elizabeth Warren (D-MA) adamantly opposes a similar measure in the Senate. …
‘Warren Effect’ Stymieing Financial Regulatory Relief Read More
As the National Association of Realtors (NAR) informs MHProNews, purchases of previously owned homes rose 6.1 percent to a seasonally-adjusted annual rate of 5.19 million, the most in four years, and to the highest level since Sept. 2013. Houses sold on average after 52 days on the market, the quickest …
Sales of Previously Owned Homes, Purchase Applications on the Rise Read More
From marketwatch MHProNews has learned that Sun Communities, Inc. (NYSE:SUI), for Q1 2015 reports net income attributable to stockholders of $6.9 million, or $0.13 per diluted share as compared to $7.8 million net income for the same period of 2014 with $0.21 per diluted share. Same site net operating income …
Sun Communities reports Financials for Quarter ending March 31, 2015 Read More
A measure which unanimously passed a California state Senate committee would reclassify mobile homes that have added foundations along Malibu’s tony seaside community as personal property, not vehicles, since they are now luxurious homes. In some cases, residents have purchased adjacent lots, and added architectural details, plus the foundations, disguising …
Enriched Mobile Homes to be Taxed as Personal Property Read More
The NASDAQ broke its March 2000 record, Donald Trump criticizes the new Pacific trade deal, Exxon says oil prices will not spike for years, and a Nobel-prize winner says the American Dream is a myth. The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.81 percent, to close at 679.6. Tracked …
Most Tracked Manufactured Housing Stocks Inch Up, while MHCV Slips Read More
According to statistics released by the U. S. Department of Housing and Urban Development and the Census Bureau, the National Association of Home Builders (NAHB) tells MHProNews sales of new single-family homes fell 11.4 percent in March to a seasonally-adjusted annual rate (SAAR) of 481,000 units. “After two robust months …
When Joe Strocchia moved his multi-section manufactured home (MH) from the dealer in Indiana to a homesite in Dandridge, Tennessee in April, 2011, he had no idea a knock at the door would bring a host of complex problems that a court will now try to sort out, as wate-tv …
Manufactured Home Buyer Sues Set-Up Company, Home Seller Read More
MHProNews has learned from tcpalm that firefighters in Stations 1 and 7 in Indian River County, Florida, will be temporarily housed in modular fire stations while renovations are being done on the stations. The county commission has approved spending $199,706 for modular housing on Old Dixie Highway for Station 1 …
Firefighters will Occupy Modular Housing during Renovations Read More
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three …
Return on Investment for Manufactured Home Communities Grows Read More
In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the …
State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More
