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.
MHProNews has learned Franklin Management Group of Newport News, Virginia has arranged $18.8 million in refinancing for five of the more than 20 manufactured home communities (MHCs) it owns. The long-term fixed rate non-recourse recapitalization was arranged by CBRE (Coldwell Banker Richard Ellis)-Hampton Roads. The five properties, comprising 2,600 homesites, […]
CBRE Arranges Refinancing for Manufactured Home Communities Read More
Following a story covering some 18 years legal wrangling by the residents of Naples Estates manufactured home community (MHC) in Florida to buy their community, as MHProNews last reported Oct. 8, 2014, a state appeals court upheld the ruling of a lower court affirming the homeowners right to purchase their
Residents Finally Win Right to buy Manufactured Home Community Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Department of Housing and Urban Development (HUD) has terminated the dispute resolution (DR) subcontract the Savan Group, LLC has enjoyed with the manufactured housing program contractor, the Institute for Building Technology and Safety (IBTS). MHARR pointed out in
HUD Terminates Contractual Relationship of Savan and IBTS Read More
Steve Larson and his wife in Brownsboro, Texas asked the city council May 14 for an exemption that would allow them to site two manufactured homes (MH) on property they own within the city. Mayor Terry Mills replied that before he took office an ordinance was adopted prohibiting MH in
Brownsboro Refuses to Allow Manufactured Homes a Home Read More
In the news: Egg prices have risen due to the bird flu necessitating the slaughter of millions of chickens and turkeys, while, in an ironic twist, bacon has fallen 25 percent. Los Angeles is raising minimum wage to $15/hr, and Home Depot experienced increased sales for the three months ending
Manufactured Housing Stocks Relatively Quiet Today Read More
New home construction in April hit its highest level since November 2007 as privately owned housing starts hit 1.1 million, a 20.2 percent increase over March. Building permits also increased, rising to a seasonally-adjusted annual rate of 1.1 million as well, 10.1 percent over March, the highest rate since June
Housing Starts Pass One Million in April Read More
From La Center, Washington MHProNews has learned the Country Hills Estates manufactured home community (MHC) was originally zoned as a condo complex because it was outside the city and the county refused to give it the designation afforded an MHC. As a result, when homeowners tried to sell their homes
Rezoning Helps Manufactured Home Residents Buy, Sell Property Read More
The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses. Mike Baker and Daniel Wagner – writers of the Seattle
The available amount of manufactured home sites in 50 distinct California manufactured home communities (MHCs) is 1.34 percent as presented to the El Monte City Council Feb 24, 2015 by Kenneth K. Barr, who conducted the study. The city of El Monte has 33 MHCs consisting of 1,427 homesites, and
Sunset Date Extended for El Monte, CA Read More
MHProNews has learned from CNNMoney the top housing markets for buyers are where the inventory is fuller and houses tend to remain on the market for a longer time, giving more opportunity for bargaining strategies. Philadelphia, Cleveland, Chicago, Miami-Fort Lauderdale, Providence, Detroit and Pittsburgh are strong buyer markets, according to
One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers Read More
According to a report by Trulia, on a national level homeownership is 35 percent cheaper that renting, up from 33 percent last year. While home prices have risen a little more than rents, lower mortgage rates provide a financial advantage to home buyers. The top five markets where buying provides
Homeownership still Less Expensive than Renting Read More
In the news: Walmart’s bottom line hurt by wage hike, airbag maker Takata responsible for the recall of 34 autos, KFC is resuscitating Colonel Sanders, more bankers willing to break the law to get ahead, and Lane Bryant is buying Ann Taylor’s dresses for $2.1 billion. Meanwhile, the Yahoo Manufactured
Deer Valley Skyrockets; Colonel Sanders Squawking Again Read More
The Texas modular construction company, Aries Building Systems, is expanding into the North Carolina market where it intends to bid on government and school projects that have traditionally gone to general contracting firms. Currently in negotiations with several private firms for projects in the Triangle region of NC, Aries will
Aries Moving on Modular in North Carolina Read More
According to au.news.yahoo, the Fleetwood Corporation will produce manufactured homes for Gateway Lifestyle to populate its 36 manufactured home communities in Queensland, New South Wales and Victoria, in Australia. The announcement of the two-year contract, with a possible two-year extension, moved the share price up 7.87 percent. MHProNews has learned
Fleetwood Snags Two Year Australian Deal Read More
Speaking of the housing market in Smith County’s Tyler, Texas, realtor Amy Montayne says, “It’s getting crazy now. There are just so many people moving to Tyler, migrating here from other states and big cities. It’s exciting, but we’re working ourselves to death. It’s a very, very competitive market.” According
Housing Market, including Manufactured Homes, tight in East Texas Read More
In the news: China is the biggest holder of U. S. debt, kids do better in school if they leave their smartphones at home, Netflix shares hit $600, and American Pharoah will likely earn much more for stud fees than for winning races. Meanwhile, the Yahoo Manufactured Housing Composite Value
MHCV Outpaces the Dow, Most Manufactured Housing Stocks Advance Read More
According to the National Association of Home Builders (NAHB) Wells Fargo Index, builder confidence for newly built single-family homes has fallen four out of the last five months, dropping to 54 this month from 56 in April. Any number above 50 indicates builders regard conditions as good. According to bloomberg,
Builder Confidence for New Homes Slips in May Read More
According to a proposal in North Platte and Lincoln County, Nebraska titled “Project Shot in the Arm for Housing,” to help ease a housing shortage, DEVCO (Development Corporation of North Platte) has applied for a $172,000 grant in Quality Growth Funds (QGF), which would be matched by DEVCO to incentivize
Proposal would Add Modulars to Housing Stock Read More
The city commissioners in Polk City, Florida are proposing to amend the city’s land development code to protect manufactured homes as well other residences in case they are damaged or destroyed in the future. Since the area is zoned C-2, general commercial, the current code would not necessarily allow homes
Although in Commercial Zone, Manufactured Homes would be Replaced Read More
ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie
Sunday Morning Recap May 11-May 16, 2015 Read More
