Manufactured and Modular Housing News

Unsafe manufactured homes eligible for larger loan Read More

Unsafe manufactured homes eligible for larger loan

By Sandra Lane / March 6, 2015 / Manufactured and Modular Housing News

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

Dow Tumbles as Investors Fear Rate Hike; MHCV Values Also Fall Read More

Dow Tumbles as Investors Fear Rate Hike; MHCV Values Also Fall

By Sandra Lane / March 6, 2015 / Manufactured and Modular Housing News

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

Sunshine Homes Announces 4.5% Interest Rates on Five-Year Term Read More

Sunshine Homes Announces 4.5% Interest Rates on Five-Year Term

By Sandra Lane / March 6, 2015 / Manufactured and Modular Housing News

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

New type of manufactured home installed in Shelburne, Vermont Read More

New type of manufactured home installed in Shelburne, Vermont

By Sandra Lane / March 6, 2015 / Manufactured and Modular Housing News

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.

Alaska’s Hidden Billionaire Read More

Alaska’s Hidden Billionaire

By Sandra Lane / March 6, 2015 / Manufactured and Modular Housing News

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

Best Places for Millennials to Buy a Home Read More

Best Places for Millennials to Buy a Home

By Sandra Lane / March 6, 2015 / Manufactured and Modular Housing News

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

Volunteers Repair Manufactured Homes Read More

Volunteers Repair Manufactured Homes

By Sandra Lane / March 5, 2015 / Manufactured and Modular Housing News

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

Wall St closes up slightly ahead of jobs report; MHCV Values Rise Read More

Wall St closes up slightly ahead of jobs report; MHCV Values Rise

By Sandra Lane / March 5, 2015 / Manufactured and Modular Housing News

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

As the Price of Site-Built Homes Rise, So Will Manufactured Home Sales Read More

As the Price of Site-Built Homes Rise, So Will Manufactured Home Sales

By Sandra Lane / March 5, 2015 / Manufactured and Modular Housing News

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

Republicans Accuse CFPB of Not Representing the Best Interests of Hardworking Taxpayers Read More

Republicans Accuse CFPB of Not Representing the Best Interests of Hardworking Taxpayers

By Sandra Lane / March 5, 2015 / Manufactured and Modular Housing News

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

Buyers Bidding Outrageous Prices for Toronto Homes Read More

Buyers Bidding Outrageous Prices for Toronto Homes

By Sandra Lane / March 5, 2015 / Manufactured and Modular Housing News

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

House Committee Chair Wants Faster Response from CFPB Read More

House Committee Chair Wants Faster Response from CFPB

By Sandra Lane / March 5, 2015 / Manufactured and Modular Housing News

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

MH Rebuilding Funds still Available in NJ for Sandy Victims Read More

MH Rebuilding Funds still Available in NJ for Sandy Victims

By Matthew Silver / March 4, 2015 / Legal, Manufactured and Modular Housing News, Manufactured Homes

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

City of Petaluma Blocks Rent Increase at California MH Community Read More

City of Petaluma Blocks Rent Increase at California MH Community

By Sandra Lane / March 4, 2015 / Manufactured and Modular Housing News

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

MHVC Slips; MH Stocks Split Pluses and Minuses; Dow Drops 100+ Points Read More

MHVC Slips; MH Stocks Split Pluses and Minuses; Dow Drops 100+ Points

By Matthew Silver / March 4, 2015 / Business, Manufactured and Modular Housing News, Stocks

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