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.
Just south of the Elmendorf-Richardson military base in Anchorage, Alaska, there’s a seven-block manufactured home community named Four Seasons, where rentals start at $1,300 a month. Its one of at least 40 multifamily properties in the area, or about 12 percent of the city’s entire rental market, owned by Weidner […]
Alaska’s Hidden Billionaire Read More
Marketwatch tells MHProNews that typically, first-time buyers account for approximately 40% of all home sales. Today they account for 28%, according to Lawrence Yun, chief economist for the National Association of Realtors. The reason – slow job growth is making it harder for young would-be buyers to find good
Best Places for Millennials to Buy a Home Read More
Shelby Hines had just finished replacing the front door on Natia Patterson’s manufactured home when he asked to wash his hands. Patterson agreed, but she told him the only running water was in her bathtub. When Hines walked inside, he found a kitchen with leaky pipes in warped cabinets and
Volunteers Repair Manufactured Homes Read More
MHCV values went up 2.67% today. In the stocks we track, there were only minor gains. Highest increase: AMG 1.44% and CG 1.01% Reuters tells MHProNews that U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday’s jobs report. This
Wall St closes up slightly ahead of jobs report; MHCV Values Rise Read More
Realtors are rejoicing because home prices are up. Prices rose 5.7% from January 2014 to January 2015, according to a new study. This may also be good news for the manufactured housing industry. As the price of site-built homes escalates, potential homebuyers may begin to realize they will get more
As the Price of Site-Built Homes Rise, So Will Manufactured Home Sales Read More
Housing Wire tells MHProNews that on Tuesday, March 3, Consumer Financial Protection Bureau Director Richard Cordray appeared before the House Financial Services Committee. At this time, Committee Chairman Jeb Hensarling (R-TX) continued his ongoing criticism of the CFPB as unaccountable. “The CFPB undoubtedly remains the single most powerful and least
Republicans Accuse CFPB of Not Representing the Best Interests of Hardworking Taxpayers Read More
Numbers reported by the Canadian Real Estate Association this week show that confidence is faltering in several real estate markets across Canada. Sales in Calgary, Edmonton and Saskatoon declined more than 20 per cent in January compared with January of 2014. Activity is slow in Ottawa, Montreal and the rest
Buyers Bidding Outrageous Prices for Toronto Homes Read More
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
Funding Provides Repairs for Manufactured Homes Read More
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
Delaware AG Focuses on Manufactured Homes Read More
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
HUD Code Production Continues to Climb Read More
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
Michigan MH Community Sells for $15 Million Read More
