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.
Rep. Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, is frustrated by the “stonewalling” exhibited by federal agencies, and is ramping up pressure on government officials to quickly comply with requests for information. The Wall Street Journal tells MHProNews that Hensarling said he plans to provide federal agencies …
House Committee Chair Wants Faster Response from CFPB Read More
MHProNews has learned from capemaycountyherald.com that rebuilding efforts continue following the ravaging of Superstorm Sandy in October, 2012 that affected over 50 million people along the northeast coast in 24 states, killing 109, and causing damages in excess of $65 billion. The Christie Administration in New Jersey has extended the …
MH Rebuilding Funds still Available in NJ for Sandy Victims Read More
A recent ruling by Petaluma City Attorney Eric Danly has prevented a 16.7 percent monthly rent increase for residents Irene and Michael Hansen at the Sandalwood Mobile Home Estates. Owner Bill Feeney was told that the Hansens are not obligated to pay the increase without due process. “The proposed space rent …
City of Petaluma Blocks Rent Increase at California MH Community Read More
Yahoo!Finance informs MHProNews the Manufactured Housing Composite Value dropped -0.77 percent to 595.6, while the Carlyle Group posted the largestt gain and Skyline Corp. fell the most. The Dow Jones Industrial Average lost -106.47 points, -0.58 percent, to close at 18,096.90. The Nasdaq dropped -12.76 points, -0.26 percent to close …
MHVC Slips; MH Stocks Split Pluses and Minuses; Dow Drops 100+ Points Read More
MHProNews has learned from napavalleyregister.com that Calistoga, California has received $500,000 from the federal HOME Investment Partnerships Program to assist low-income homeowners with needed repairs or reconstruction, offering up to $20,000 for owner- occupied manufactured homes. The housing rehabilitation loan program does not require loan payments or interest for 30 …
Friends and supporters of a West Kelowna, B.C., Canada, couple evicted from the Jubilee Mobile Home Park have organized a yard sale to help raise money. Ross Arnott and Ed Schneider have until April 1 to move or vacate their manufactured home in the community on Westbank First Nation land …
Yard Sale Planned for Evicted MH Community Residents Read More
The Delaware Attorney General’s Office is reaching out to educate residents living in manufactured home communities throughout the state about laws and regulations specific to them. Tenants and landlords are subject to many provisions included under Title 25, Chapter 70 of Delaware law. Many manufactured home communities, like Whispering Pines …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code homes producers manufactured 4,969 homes in January 2015, a 12.8 percent increase over the 4,405 homes produced in January 2014. Statistics compiled by the Department of Housing and Urban Development (HUD) reveals this marks the sixth year …
The placement of a manufactured home and a supposed drop in property value dominated much of the discussion Monday at the Hall County Planning Commission meeting in Gainesville. Residents of an adjoining subdivision say if a manufactured home is moved to where it can be viewed from their property, this …
Georgia Planning Commission Upholds Decision to Allow Placement of Manufactured Home Read More
An elderly resident of a Tampa Bay manufactured home community returned home after a long absence only to learn that his home had been sold to someone else and all his possessions had been tossed out. Salaheldin Abuelenen, 88, said the trouble began when he wasn’t feeling well last March …
Assumed to be Dead, Elderly Man’s Manufactured Home Is Sold Read More
MHCV values went down 1.92% today. Most of the stocks we track had losses. Exceptions: Sky up 3.47% and NOBH up 1.00%. Reuters tells MHProNews that U.S. stocks fell on Tuesday with technology stocks leading the decline a day after the Nasdaq Composite hit its highest in 15 years, while …
The Dow Fell 85.19 Points; MHCV Stocks Dipped Again Read More
Many cities face a real challenge to remain affordable in the future. They’ve become so attractive as places to live and invest in that they no longer offer basic, decent housing for normal people. Increasingly, they look like preserves of the wealthy and privileged. If trends continue, cities like San …
Tiny Modular Housing For Cities Where Most Housing Is Too Expensive Read More
Real Estate Journals tell MHProNews that Marcus & Millichap closed the sale of a 400-site all-age manufactured home community in Eastern Michigan. The $15.2 million sales price comes out to $37,865 per space. Jonathon McClellan, vice president of investments, and Kyle Baskin, associate vice president of investments, both in Marcus …
Green Courte Partners, LLC, Lake Forest, Illinois, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, on March 2 announced the appointments of several new officers to serve in the company. Two of the officers have previously served in the management of …
The Arizona Republic tells MHProNews that the number of houses in the Phoenix East Valley area under contract to sell started to surge in early February, according to a special report from Arizona State University’s W.P. Carey School of Business. The East Valley is a growing area of the Greater …
Increased Home Sales Indicate Millennials Are Awakening Read More
Joe Porter of Forkston Township, Pennsylvania, had his own preconceived ideas concerning the value of modular homes. In the summer of 2013, he wanted to build a new home at an affordable cost. However, he was skeptical that building a modular would save time and money. “I thought a modular …
MHCV values went down 0.71% today. In the stocks we track, there were a few modest gains for some and others went down. Leaders on the positive list are: NOBH 1.52%, CVCO 1.41%, UMH 1.27%, and ELS 1.08%. According to the Wall Street Journal, Nasdaq partied like it’s 2000, …
U.S. Stocks Rose Monday; MHCV Stocks Dipped Slightly Read More
The owner of a Moscow, Idaho, manufactured home community must pay damages to residents who went more than 90 days without potable drinking water. The Lewiston Tribune tells MHProNews that roughly 140 residents filed a class-action lawsuit last year against Magar E. Magar, owner of the Syringa Mobile Home Park. …
Idaho MH Community Owner Ordered to Pay Residents Who Lacked Water Read More
A few days ago, a Dallas Morning News reporter traveled to Florida to research manufactured home communities located there. He showed great wisdom in the timing of this event as ice, sleet, and snow enveloped the North Texas area probably about the same time his plane left the runway. Dallas is a long …
Residents of the Deer Ridge Mobile Home Park in Augusta, Maine, purchased their community on February 10, joining more than 160 similar cooperatives across the country. Most of the residents of Deer Ridge will tell you their 13-unit community is not in the best shape. Their road has potholes and the …
Residents Buy Deer Ridge Mobile Home Park in Maine Read More
