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 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 […]
MHCV Slips Fourth Straight Trading Day Read More
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
The Midland Planning and Zoning Commission in Midland, Texas approved plans for a new manufactured home community (MHC) featuring a central park, a hiking and biking trail and up to 320 homes. One resident complained that two of the nearby roads had not been repaired in 35 years and that
New Manufactured Home Community Approved Read More
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
Modular Apartment Complex from Expo 67 Read More
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,
RV/MH Hall of Fame Class of 2015 Announced Read More
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.
Sunday Morning Recap May 4-May 9, 2015 Read More
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
Rising Rents could Forestall Homeownership Read More
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
Upscale Modular Home is Top Prize in Lottery Read More
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,
UMH Posts Gains in Q1 2015 Read More
