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 news: Netflix gains 4.5 percent, American icon Avon declining, activist investor Carl Icahn investing $100 million in ride-sharing company Lyft, and Honda recalls five million cars because of air bag problem. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.38 percent, to close at 666.1. Manufactured housing …
MHProNews has learned from azbigmedia that the Last Chance Mobile Home Park in Phoenix Arizona was sold April 27, 2015 for $855,000 to a local private investment firm. John Sheedy with Park Brokerage, Inc. represented the buyer and seller for this 40 homesite all-age manufactured home community in north Phoenix. …
Bud and Tiffni Graham’s plans to install manufactured homes received approval from the Planning and Zoning Commission in Bandera, Texas, just northwest of San Antonio, as bccourier tells MHProNews. Although sited in the floodway of the Medina River, the homes were to be placed on pilings to remain above a …
Manufactured Home Siting Approved, but Owners Yield to Residents’ Suggestions Read More
With 15,000 on the house waiting lists in Aberdeenshire and 5,000 on the list in Aberdeen, the Aberdeen City Council in Scotland is considering installing modular homes, called ‘pop-ups’ because of the speed with which they can be erected, to draw key workers to the North East. Aberdeenshire Council leader …
Scotland Considering Modular Homes for Health Workers Read More
Both of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, operate under a $30 billion cap for purchases of multifamily loans, according to costar. Since they each hit $10 billion in the first quarter, they would max out by the third quarter, leaving no available funds to finance deals …
FHFA Stretches Multifamily Affordable Housing Lending Categories Read More
MHProNews has learned Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation before the Senate Finance Committee. Of particular concern in the state budget bill (HB 64) is the requirement that, if a water system is …
Manufactured Housing Industry Objects to Ohio Legislation Read More
Commercial real estate lender Hunt Mortgage Group has provided a $4.5 million Fannie Mae loan facility to refinance Terra Vista Manufactured Housing Community in Tucson, Arizona, as digitaljournal tells MHProNews. Founded in 1970, the age-restricted (55+) community is comprised of 129 homesites set on 14.5 acres with no permanent structures …
Manufactured Home Community Refinanced by Fannie Mae Read More
CNNMoney says: Verizon buys AOL for $4.4 billion, Germans are buying gold at a frantic pace (people typically invest in gold when they fear for their economic future), and Whole Foods is preparing to offer a lower cost line of goods. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained …
Most Tracked Manufactured Housing Stocks Rise, including the MHCV Read More
MHProNews has learned from rapidcityjournal in South Dakota of a Pine Ridge service geared to bringing financial independence to members of the Oglala Sioux Tribe. Mazaska Owecaso Otipi Financial, which translates from Lakota to “Lending Money for Housing,” was founded in 2004 and just qualified its first client, Dawn Holquin, …
Tribal Member Qualifies for Mortgage on Modular Home Read More
Following a story MHProNews last posted April 11, 2015, regarding a program to site modular homes in Bluffton, South Carolina, as a means of expanding affordable housing, the Town Council voted to add six more homes to the initiative, at under $160,000 each, bringing the total to 30 available homes, …
A reality show set to premiere on the DIY (do-it-yourself) network this fall will document the production of a modular home by Commodore Homes in Goshen, Indiana, and follow its route down highways and through La Porte, Indiana to its siting in a neighborhood. “Not everyday (do) you see a …
TV Show will Document Production and Siting of Modular Home Read More
In a new report the Mortgage Bankers Association (MBA) said, according to its Mortgage Credit Availability Index (MCAI), availability of mortgage credit rose 0.5 percent in April to 122.0 following an increase in March of 2.3 percent to 121.4. MHProNews has learned from housingwire the index was benchmarked at 100 …
Mortgage Credit Rises, but Remains Well Below the 2006 Peak Read More
Steven Hill of Septen Financial proposed to the Rossland City Council of British Columbia, Canada that the city provide land for 14 to 18 modular homes that would be built for seniors in Kelowna, BC, and be sited in Rossland. He suggested a team of builders and finance officers would …
Affordable Modular Housing for Seniors Possible in British Columbia Read More
In today’s news: retail sales were unchanged last month, Macy’s may roll out a lower line of goods as the middle class shrinks, and U. S. crude oil output fell 25,000 barrels a day to 12.6 million barrels in April. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped for …
According to theaustralian, the initial public offering (IPO) of 117.3 million new shares at $2 per share for manufactured home community (MHC) owner Gateway Lifestyle will bring in $234.7 million gross. The total will comprise 255.2 million shares, including existing shares, equating an overall value of $510 million. Gateway’s price …
Australian Manufactured Home Community Owner Issues IPO Read More
Nadeen Green, a For Rent Media Solutions’™ (FRMS) legal counsel, is a Fair Housing attorney who has taught Fair Housing Law to the multifamily housing industry since the Fair Housing Amendments Act went into effect in 1989. She is also education director for a small non-profit called International Fund for …
Fair Housing Attorney Honored for Children’s Housing Accessibility Book Read More
Northern Ocean Habitat for Humanity will be hosting a modular home building project at the Jersey Shore Festival in Seaside Heights, New Jersey and is urging visitors to help build the home. The 1,000 square foot house, being built with support from Coastal Modular Group, Woodhaven Lumber, Motor Media USA …
Habitat for Humanity Building Modular in New Jersey Read More
U. S. Senate Banking Committee Chairman Richard Shelby (R-Ala.) has included in The Financial Regulatory Improvement Act provisions to improve access to affordable financing for manufactured home buyers. Identical to S. 682 the Preserving Access to Manufactured Housing introduced in the Senate, as well as HR 650, which was passed …
Senator Richard Shelby Offers Bill to Improve Access to Financing Manufactured Homes Read More
Headlines on CNNMoney: Volvo will bring 4,000 jobs to South Carolina, Harriet Tubman may be on the next $20 bill, rich men drink more than anyone else, second quake rocks Nepal, and millennials are filling up the workforce. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -0.41 percent, to …
MHCV, Most Tracked Manufactured Housing Stocks Decline Read More
MHProNews has learned from newsobserver that the Orange County Commissioners in North Carolina have approved a five-year plan that will be submitted to the federal government to provide affordable housing and repairs for residents in the Chapel Hill, NC area. The Department of Housing and Urban Development (HUD) requires recipients …
CDBG Funding Disallows Manufactured Home Repair; Local Initiative Needed Read More
