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.
According to rejournals, Capital One Multifamily Finance arranged for a $9.5 million fixed-rate loan to refinance Burkhart Ridge Mobile Estates, a 306-homesite manufactured home community in Howell, Michigan, near Detroit. The ten-year loan has one year of interest-only payments and a 30-year amortization. Damon Reed, director of MHC finance for …
Capital One Scores another Manufactured Home Community Refinance Read More
MHProNews has learned from Andy Gallagher, executive director of the West Virginia Housing Institute (WVHI), that prominent speakers will grace this year’s WVHI convention, June 22-24, to be held in Roanoke, WV at the Stonewall Resort. Pamela Beck Danner, the Department of Housing and Urban Development’s (HUD) administrator for manufactured …
Manufactured Housing Head, Pamela Beck Danner, to Speak at W.VA. Convention Read More
Updating a story about the reintroduced Preserving Access to Manufactured Housing bill in the U. S. Senate, co-sponsored by Sen. Joe Donnelly (D-IN), CEO Dick Jennison of the Manufactured Housing Institute (MHI) calls Sen. Donnelly a “champion” of the industry. Donnelly has high hopes for this measure which did not …
Sen. Donnelly Foresees Passage of Preserving Access to Manufactured Housing Read More
The Manufactured Housing Institute (MHI) informs MHProNews in its monthly economic report that the 4,942 shipments of HUD Code manufactured homes in January 2015 represents an increase of 14.7 percent over January 2014. MHI reports shipments of single-section homes rose by 28.8 percent over the same month last year, and …
HUD Code Production Rises; Number of Producers Declines Read More
The Yahoo! Finance Manufactured Housing Composite Value gained slightly, +0.62%, to end the day at 593.7, while stocks we cover related to the manufactured housing industry closed mixed or even, with Cavco Corp. gaining the most at +1.91 percent, while Skyline Corp. dropped the most, -2.78 percent. CNNMoney tellls MHProNews …
A professor of hospitality management at the University of South Carolina, Beaufort, is planning on developing 1.6 acres in Bluffton, South Carolina into ten single-family modular homes targeted to young professionals who work in the Old Town area of the city. Sean Barth intends to use three modular home plans …
MHProNews has learned from abladvisor that Capital One Multifamily Finance has arranged a $7.3 million Fannie Mae fixed-rate loan package to refinance Rodeo Mobile Estates, an age-restricted 55+ community of 204 homesites in Soquel, California. “Having operated this seniors community since 1998, the owners wanted to provide funding to maintain …
Capital One Arranges $7.3M Fannie Mae Loan for Manufactured Home Community Read More
Manufactured home communities around Midland, Texas where the oil industry has been bustling are not suffering despite the drop in international oil prices. Chase Gardaphe opened the 171-homesite Stonegate Manufactured Housing Community in Jan. 2014 and filled up in five months. He plans to open a larger community, saying a …
Oil Price Drop not Affecting Manufactured Home Communities in Texas Town Read More
The Santa Clarita, California City Council is expected to approve a second hearing on rent increases for residents of manufactured homes following a Feb. meeting that saw dozens of MH residents oppose the minimum increases. Erin Lay, housing program administrator for the city, said one change from the first hearing …
City Council sets Rent Increases for Manufactured Home Communities Read More
This 130 square-foot modular wood shelter, built as part of the Salt Siida Architectural Workshop in northern Norway, celebrates the history and culture of the indigenous peoples who have inhabited the Arctic for many centuries. The structure takes its form from the fiskehjelle, fish rack, that has been used for …
Posting the worst day in 2015, the Dow Jones Industrial Average plummeted 332.78 points in today’s trading. Falling oil prices, uncertainty about Chinese manufacturing and falling bank stocks made investors worried. In addition, the dollar is trading at a 12-year high against the Euro—great if you are traveling abroad, but …
Dow Jones Plummets, MHCV drops, most Tracked Stocks Slip Read More
A bi-partisan group of U. S. senators have reintroduced the Preserving Access to Manufactured Housing Act so fewer manufactured home loans are classified as high cost. Senators Joe Manchin (D-W.VA), Joe Donnelly (D-IN), Pat Toomey (R-PA) and Tom Cotton (R-AR) filed the bill that will alter the thresholds under the …
Preserving Access to Manufactured Housing Act Reintroduced in Senate Read More
MHProNews has learned from crainsnewyork that a current proposal would allow for more diverse architecture and taller buildings in some New York City neighborhoods, a plus for developers who build modular. Floors in modular units are thicker than on site-built construction and thus require more overall height. In this city, …
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews that association members and their employees, their children and grandchildren, are eligible for scholarships. The scholarships are to be awarded by the VAAMHA at the March board meeting. Nominees must have a minimum 3.0 grade point average and may be …
The National Modular Housing Council informs MHProNews that 3,573 new modular homes were shipped in the fourth quarter of 2014, an increase of 4.9 percent over shipments for the same period in 2013. Compared to Q4 2013, shipments increased in 17 states, dropped in 15 states, and remained the same …
The Yahoo! Finance Manufactured Housing Composite Value slipped slightly, -0.13%, to end the day at 600.3, while stocks we cover related to the manufactured housing industry closed mixed or even, with Skyline Corp. gaining the most at +1.99 percent. CNNMoney tellls MHProNews the Dow Jones Industrial Average regained about half …
MHCV slips; Dow Regains Half of Previous Trading Day’s Points Read More
The Country Lakes Co-Op Inc., a resident-owned manufactured home community in Palmetto, Florida, with 471 homesites, has homes for sale with and without a co-op share. The homes range from $12,000 to about $35,000 without a co-op share, according to Judy Smith who lives here and is licensed to sell …
Resident-Owned Manufactured Home Communities offer Savings Read More
Noting that New Jerseyans must earn $24.92 an hour to afford a two-bedroom fair market rent apartment without paying over 30 percent of their income, mycentraljersey tells MHProNews manufactured homes have emerged as a viable alternative. Robert Dolan, owner of Edison Mobile Estates in Edison, NJ says the “mobile” in …
New Jersey Community has Energy Star Manufactured Homes Read More
Financial Institutions and Consumer Credit Subcommittee Chairman Rep. Randy Neugebauer (R-TX), evaluating the five-year history of the Consumer Financial Protection Bureau (CFPB), informs MHProNews the agency does not perform in a sustainable manner, lacks transparency and accountability, and is “susceptible to political influence.” He sees value in the agency but …
Rep. Neugebauer Questions Overreach of CFPB without Oversight Read More
The Manufactured Housing Institute (MHI) reports the National Association of REALTORS ® (NAR) has endorsed H. R. 650, the Preserving Access to Manufactured Housing Act of 2015, which was introduced in the House Feb. 2, 2015 by Representatives Stephen Fincher (TN), Terri Sewell (AL), Andy Barr (KY) and Krysten Sinema …
