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.
Included in the huffingtonpost‘s How World’s Fairs have Shaped the History of Architecture is Moshe Safdie’s modular apartment complex from the 1967 Expo 67 in Montreal, Canada. The 354 identical concrete modules became 158 apartments, connected by steel cables, and stacked in a variety of combinations that delivered the maximum …
A new study of homeownership, home values and income growth from 2000 to 2013 by the National Association of Realtors (NAR) indicates 90 percent of metropolitan housing markets have seen a decline in homeownership rates. Rising home values and static incomes are widening the wealth gap which is leading to …
Rents are Rising—Manufactured Home Living more Reasonable than Ever Read More
In the news: China is beating the U. S. in health research, Uber may be worth more than FedEx, investors are asking where all the Greece bailout money has gone, T. Boone Pickens says he cannot afford a Tesla, and two of Coke’s products each lost nine percent recently. Meanwhile, …
Deer Valley Plummets 46.15 Percent; MHCV Falls 1.85 Percent Read More
The Recreational Vehicle/Manufactured Housing (RV/MH) Hall of Fame’s annual induction dinner to honor the Class of 2015 will be held at the Hall’s Northern Indiana Event Center in Elkhart, Indiana August 3, as Chairman Darryl Searer has informed MHProNews. Inductees chosen to be honored this year are: Bert V. Alanko, …
The California Mobilehome Parkowners Alliance (CMPA) will honor seven manufactured housing industry members at its symposium May 31-June 1, 2015 in Las Vegas. Barry Cole of Manufactured Housing Insurance Services will receive top honors as recipient of The Chelu Travieso-Earhart Lifetime Achievement Award. Attorney Phil Woog will receive the Freedom …
Manufactured Home Community Owners Group to Bestow Awards, Discuss Issues Read More
Dubbed the Miracle of Milan, the residents of what had been Bob’s Mobile Home Park in Milan, New Hampshire were able to convert the 18-homesite community into a cooperative in ten days. Now called Deer Estates Cooperative, Inc., the community was to be sold at a foreclosure auction April 21. …
Manufactured Home Community Becomes 113th Co-op in New Hampshire Read More
ROC Racks up Two More MHC Co-ops. Legislator Questions HUD Contract. HUD Code Production Rises. Modular Skyscraper Rises Quickly in China. Modular Future Questionable in NYC, as it Gains a Floor in Texas, adds Luxury Complex in Silicon Valley. Cavco Acquires Fairmont. MHCC Seeks MH Multifamily. Google Denied Modular Expansion. …
In a survey of 1,000 millennial renters, rent.com discovered while 57 percent rank affordability as the major consideration, 55 percent stated they would pay an extra $150 month to stay in an apartment they really liked, and 24 percent said they would pay $400 more for that same apartment. Given …
New York City is experiencing such a shortage of affordable housing that lotteries for affordable housing receive thousands of applications for a fraction of available units. According to modularhomecoach, state legislators in Albany are debating whether to renew the 421-a tax abatement, a program that promotes low cost residential development. …
Modular Building May be Forced out of New York City Read More
Karoleena, an Okanagan, British Columbia, Canada modular home builder, has been selected to build the Pacific National Exhibition (PNE) show’s prize home, according to infotel.ca. The 3,800 square-foot, $2.1 million dollar modular home took six months to build and 30 days to assemble on-site. It will be trucked to the …
The addition of 233,000 jobs to the U S. economy, and the drop of the unemployment rate to 5.4 percent, the lowest level since 2008, spurred the Dow Jones Industrial Average to surge +267.05 points. Additionally, the unemployment rate of black males has fallen below ten percent for the first …
Jobs Report Sends Dow Up; MHCV Does not share the Joy Read More
For the first quarter of 2015, UMH Properties, Inc. (NYSE:UMH) reports Core Funds from Operations (CFFO) rose from $2,425,000 or $0.11 per diluted share for the 1st quarter of 2014 to $3,159,000 or $0.13 per diluted share for the comparable quarter 2015. Normalized Funds from Operations (Normalized FFO) hit $3,226,000, …
MHProNews has learned from marketwatch that Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), owner of manufactured home communities, announces that its Board of Directors has approved a 3.4 percent increase in annualized cash distributions. Effective with the May 2015 distribution, $1.22 per unit ($0.0107 monthly) will be paid on …
The National Association of Home Builders/First American Leading Markets Index (LMI) tells MHProNews 68 of the 360 metro areas nationwide equaled or exceeded their last normal levels of economic and housing activity in Q1 of 2015. Based on current permit, price and employment information, nationwide the average is running at …
Elmwood Mobile Manor has transformed into Elmwood Homeowners Cooperative, purchasing the manufactured home community (MHC) with $2.16 million financing provided by ROC USA® Capital, the Mercy Loan Fund and the Washington State Housing Finance Commission. JP Morgan Chase’s CDFI (Community Development Financial Institution) Collaborative program supplied a $4 million grant …
ROC USA Facilitates another Manufactured Home Community to Become a Co-op Read More
“A pocket neighborhood is different from a traditional neighborhood because there’s a function: The front porch has to be big enough so you can sit on it on a Sunday morning as your neighbor walks by,” said Bob Provost of Carriage House Modular Homes LLC of South Burlington, Vermont. The …
In the news: Whole Foods to launch lower cost store, Patriots QB Tom Brady inflates his innocence, and the oil industry wonders if job cuts have ended. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained more than the Dow, +1.76 percent, to close at 672.2. while more tracked manufactured …
Drew Draws Top Gain, Cavco Advances, MHCV Outpaces Dow Read More
The Pine Haven manufactured home community (MHC) in Moss Bluff, Louisiana in the southwestern part of the state (just north of Lake Charles) has been sold and the 35 homes, some of which appear to have been built before the Department of Housing and Urban Development (HUD) established standards for …
Ozy Media’s ‘Trailer House Nation,’ Corrections Needed Read More
Updating an article MHProNews posted March 4, 2015 regarding Google’s modular expansion plans for its North Bayshore campus, the Mountain View (CA) City Council voted to give Google only about a quarter of the office space it had requested for the complex, and instead opted to give the lion’s share, …
The Modular Building Institute’s 2015 Awards of Distinction has honored Guerdon Modular Buildings as best-in-show for its Domain Apartments in San Jose, California. As multihousingnews informs MHProNews, the five-story, 444 unit luxury townhouse-style community includes nine-foot ceilings, granite countertops, stainless steel appliances, in home washers and dryers and high-quality finishes. …
