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.
Following a story MHProNews posted earlier regarding a significant rise in existing home sales based on numbers of the National Association of Realtors, Dave Kranzler, writing for seekingalpha, says when the numbers are put into a longer range historical context, there is “more sizzle than substance.” Home sales were said […]
Spike in Existing Home Sales Inaccurate Read More
The Bank of America/Merrill Lynch Low Income Housing Challenge pits eight teams from six West Coast universities against each other to develop affordable housing proposals for potential future development. Now in its 24th year, the goal is to attract undergrad and grad students to be part of the next generation
Affordable Housing Competition Set for University Students Read More
The NASDAQ and the S&P 500 hit new closing highs, Comcast stepped back from its attempt to take over Time-Warner, and airlines saved $3.4 billion on lower fuel costs, but passed on only $0.66 savings per fare. The Yahoo Manufactured Housing Composite Value (MHCV) fell -0.22 percent, to close at
MHCV Slips, LPX Gains, Airlines Save on Fuel but Fares Remain Read More
MHProNews has learned that UMH Properties, Inc. has closed on two manufactured home communities (MHC) in western Pennsylvania for $5.3 million. The all-age communities have 324 homesites situated on 141 acres with an average occupancy of 63 percent. As streetinsider reports, this acquisition UMH now owns 91 MHCs with 15,500
UMH Closes on Two Manufactured Home Communities Read More
MHProNews has learned from nationalmortgagenews that Rep. Patrick McHenry (R-NC) says the House passed a measure last week that would regulate how points and fees are calculated under the Consumer Financial Protection Bureau’s (CFPB) “qualified mortgage” rule, but Sen. Elizabeth Warren (D-MA) adamantly opposes a similar measure in the Senate.
‘Warren Effect’ Stymieing Financial Regulatory Relief Read More
As the National Association of Realtors (NAR) informs MHProNews, purchases of previously owned homes rose 6.1 percent to a seasonally-adjusted annual rate of 5.19 million, the most in four years, and to the highest level since Sept. 2013. Houses sold on average after 52 days on the market, the quickest
Sales of Previously Owned Homes, Purchase Applications on the Rise Read More
From marketwatch MHProNews has learned that Sun Communities, Inc. (NYSE:SUI), for Q1 2015 reports net income attributable to stockholders of $6.9 million, or $0.13 per diluted share as compared to $7.8 million net income for the same period of 2014 with $0.21 per diluted share. Same site net operating income
Sun Communities reports Financials for Quarter ending March 31, 2015 Read More
A measure which unanimously passed a California state Senate committee would reclassify mobile homes that have added foundations along Malibu’s tony seaside community as personal property, not vehicles, since they are now luxurious homes. In some cases, residents have purchased adjacent lots, and added architectural details, plus the foundations, disguising
Enriched Mobile Homes to be Taxed as Personal Property Read More
The NASDAQ broke its March 2000 record, Donald Trump criticizes the new Pacific trade deal, Exxon says oil prices will not spike for years, and a Nobel-prize winner says the American Dream is a myth. The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.81 percent, to close at 679.6. Tracked
Most Tracked Manufactured Housing Stocks Inch Up, while MHCV Slips Read More
According to statistics released by the U. S. Department of Housing and Urban Development and the Census Bureau, the National Association of Home Builders (NAHB) tells MHProNews sales of new single-family homes fell 11.4 percent in March to a seasonally-adjusted annual rate (SAAR) of 481,000 units. “After two robust months
New Home Sales Drop in March Read More
When Joe Strocchia moved his multi-section manufactured home (MH) from the dealer in Indiana to a homesite in Dandridge, Tennessee in April, 2011, he had no idea a knock at the door would bring a host of complex problems that a court will now try to sort out, as wate-tv
Manufactured Home Buyer Sues Set-Up Company, Home Seller Read More
MHProNews has learned from tcpalm that firefighters in Stations 1 and 7 in Indian River County, Florida, will be temporarily housed in modular fire stations while renovations are being done on the stations. The county commission has approved spending $199,706 for modular housing on Old Dixie Highway for Station 1
Firefighters will Occupy Modular Housing during Renovations Read More
As incomes stagnate, leading to higher demand for low-cost housing, manufactured home communities (MHC) are becoming a larger draw, and MHC owners are raising rents. In addition, few new MHCs are being built, so the larger companies such as Equity LifeStyle Properties, Sun Communities and UMH Properties, Inc., all three
Return on Investment for Manufactured Home Communities Grows Read More
In Oregon, a coalition of manufactured home (MH) residents, landlords, manufacturers, the Oregon Manufactured Housing Association (OMHA), nonprofits and others negotiated the 2015 Manufactured Housing Landlord/Tenant Coalition, HB 3016A, that passed the House Human Services and Housing Committee with unanimous support. There are no known opponents, according to what the
State Legislature Passes Bill to Ensure Fairness between MHC Residents and Owners Read More
The Yahoo Manufactured Housing Composite Value (MHCV) fell -1.21 percent after rising yesterday nearly ten percent, to close at 692.1. Tracked manufactured housing stocks closed mixed or even. Equity Lifestyle Properties moved up the most of tracked stocks, adding +2.31 percent, while Patrick Industries slipped more than other stocks, -1.54
Manufactured Housing Composite Value Slips; Dow, NASDAQ, S&P500 Edge Up Read More
Drew Industries Inc., parent company of Lippert Components Inc., will release its first quarter financial results before the market opens Tue., May 5, 2015, followed by a conference call later that same day at 11 AM EDT to discuss the results and other business affairs, according to rvbusiness. The question-and-answer
Drew Industries to Release Q1 Financials Read More
With funding from the National Foreclosure Settlement and the Neighborhood Stabilization programs, the city of Sterling, Illinois will build two new modular homes, one a single-family home, the other a duplex. The single-family home is 1,536 square feet, and the two-story duplex is 2,032 square feet. Trotter General Contracting in
Two Initial Modular Residences Going up with Federal Funds Read More
Since 1940, the number of people living alone in the U. S. has grown from seven percent to over 25 percent, as washingtonpost informs MHProNews. But our housing stock is built for families: Two bedroom starter homes with one bath, three-bedroom family homes with two bathrooms, and apartments designed for
Meeting the Demand of a Rising Singles Population Read More
As the Housing Group at Ballard Spahr informs MHProNews, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are nearing their respective 2015 volume caps. Regulated by the Federal Housing Finance Agency (FHFA), their volume to date may mean their allocation could be exhausted by late summer, 2015. While Fannie
Fannie Mae’s Manufactured Housing Community Loans Exempt from Caps Read More
Developer Jack Morris bought the Laurelton Mobile Home Park in Brick, New Jersey on Route 88 in 2005 for $3.85 million, and the following year announced plans for redeveloping 21,600 square feet of frontage into retail space. At one point residents withheld rent payments because they felt the management company,
Portion of Manufactured Home Community may see Commercial Development Read More
