Stock Market closed in Honor of Independence Day
Happy Birthday America!! (Photo credit: wikipedia commons) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
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Manufactured and Modular Housing News
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.
Labor Shortage to Hinder Housing Growth?
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
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Robot Builds Brick House in Two Days – Will it Impact Manufactured Housing?
“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
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Rentals Increasing for UMH; Date Set for Releasing Q2 2015 Results
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
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Skyline Outshines Dow and other Manufactured Housing Stocks
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
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Redeveloping Land Lease Community Put on Hold Again
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
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Attack on State Rep. Hastens Contract for Modular Housing
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
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Manufactured Housing on Table for UK Affordable Housing Confab
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
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The Greenback Boogie – CFPB’s Manufactured Housing Appraisal Rule hits July 18, 2015
“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
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Urban Land Institute Chooses Randall K. Rowe as Chairman
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
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Sylvia Silver, mother of Daily Business News writer Matthew Silver, dies at 101
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
MHCV Advances, Most Manufactured Housing Stocks Rise, Nobility Drops
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
Mammoth Modular Project in NYC Moving Forward, Again
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
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Low Interest Mortgages Offered to Manufactured Home Community Residents
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
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Capital One Arranges Financing for Manufactured Home Community
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
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New July 2015 issue of MHProNews Featured Articles scheduled
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
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Proposal Restricts Siting of Manufactured Homes
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
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Home Ownership for Millennials could Lead to Manufactured Homes
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
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MHCV Slips, Manufactured Home Stocks Quiet
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
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SSK Communities Plans Revamping of Manufactured Home Community
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
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