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.
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 […]
New Manufactured Housing Act Needs Your Action Read More
Good Sunday Morning! In a large portion of the United States, it has been very cold this week. As you sit by the fire to thaw out and drink another cup of coffee, there are some interesting stories in this week’s list to read. There is some information about the sale
Sunday Morning Recap – March 1, 2015 to March 7, 2015 Read More
A handful of residents say it’s not so sunny at the Sunny Meadows Mobile Home Park anymore, where a wave of evictions has followed a new park manager’s first year at the West Longview, Washington, community. Longview Daily News tells MHProNews that Yohnda Ellis is among those being told to
Evictions sharply rise at Sunny Meadows Mobile Home Park Read More
The Calistoga, California, City Manager has been authorized to grant a larger home loan amount for manufactured home owners if the funding is necessary to alleviate health and safety issues. This decision was announced by the Calistoga City Council on Tuesday, March 3. The Weekly Calistogan tells MHProNews that the city
Unsafe manufactured homes eligible for larger loan Read More
MHCV values dropped 1.71% today. In the stocks we track, most lost value. One exception was CG up 1.19%. Reuters tells MHProNews that U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the
Dow Tumbles as Investors Fear Rate Hike; MHCV Values Also Fall Read More
Sunshine Homes, a company that has been delivering custom manufactured homes in Alberta, Canada, for the last eight years, has announced that it is able to provide interest rates at 4.5% on a five-year term. Marketers Media tells MHProNews that Sunshine Homes knows that savings have always been an important
Sunshine Homes Announces 4.5% Interest Rates on Five-Year Term Read More
The Shelburne News tells MHProNews that a crane recently delivered a new style of manufactured home to the Shelburnewood Mobile Home Park in Shelburne, Vermont. Built in White River Junction by Vermod High Performance Homes, the single section manufactured home in Shelburnewood is the 17th unit constructed and sited in Vermont.
New type of manufactured home installed in Shelburne, Vermont Read More
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
