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.
One of the most historic waterfront manufactured home communities in Manatee County, Florida, recently sold to a Scottsdale, Arizona, investor. On January 23, Charles Ellis bought Two Rivers Mobile Home Park through his company Paradise Communities for $6.3 million. The previous owner, Two Rivers, Inc., of Sarasota, bought the community for […]
Bradenton Manufactured Home Community Sells for $6.3M Read More
MHProNews is by the standards of a typical website massive and growing daily. As we announced last year, we will be phasing in upgrades to software and to our content management systems. There are still some ‘road bumps’ to be smoothed over. Please pardon our cyber dust, as those issues
Upgrades in Process! Read More
A city program designed to help residential and commercial property owners update older homes and storefronts in Waseca, Minnesota, has been revamped to provide an even greater level of funding. The Waseca County News tells MHProNews that the Small Cities Development Program, which looks to increase property values in each
Improvements for Manufactured Homes Included in Minnesota Aid Program Read More
MHCV values went up 3.40%. Most of the manufactured housing stocks we track went up. Leaders were: NOBH 4.71%, CVCO 3.64%, and ELS 2.41%. CBS Moneywatch tells MHProNews that U.S. stocks climbed up close to record levels on Thursday as technology, materials and energy companies all realized big gains. The
U.S. Stocks Approach New Record; MHCV Values Go Up Read More
A lot of the stories in today’s news concerns all the various people who might be running for U.S. President next year. Among those is one candidate who says she is definitely not running. Nevertheless, the Washington Examiner tells MHProNews that recent election polls from Iowa and New Hampshire show that
Who Will Be the Democratic Candidate for President in 2016? Read More
On Wednesday, February 11, HUD Secretary Julian Castro testified before the House Committee on Financial Services concerning FHA’s effort to expand access to credit to credit-worthy families. He began his presentation with some positive statements concerning the economy, saying that “2014 was the best year for job growth since the
HUD Secretary Julian Castro Speaks to Congress About Recent FHA Actions Read More
Universal Forest Products announced this week that Brian Walker, CEO of Herman Miller, Inc., is joining the UFPI Board of Directors. Walker will occupy a tenth seat on the board of the publicly-traded Grand Rapids, Michigan, holding company. UFPI, which had annual sales of $2.5 billion in fiscal 2013, provides
Brian Walker Joins Universal Forest Products Board Read More
On January 29, the CFPB proposed raising the threshold for small and rural lenders. This action will allow more institutions to make qualified mortgage loans without having to meet certain requirements required of larger lenders. At a town hall meeting organized by the National Credit Union Administration on Tuesday, February 10, Consumer
CFPB Director Cordray Explains Changes to QM Rules and How He Obtained a Black Eye Read More
MHProNews has learned from the Iowa Manufactured Housing Association that SSB1170 has been introduced in the Iowa State Senate to allow the establishment of First Time Homebuyer Savings Accounts. This would allow single or married persons to open a savings account in the interest of making a down payment on
Iowa Senate Bill Seeks to Help First-time Homebuyers Read More
MHCV values went down 3.57%. There also were losses in the manufactured housing stocks we track. Exceptions: CG went up 2.14% and SKY went up 0.82%. Marketwatch tells MHProNews that U.S. stocks drifted between gains and losses Wednesday as investors kept an eye on negotiations between Greece and its international creditors.
U.S. Stocks Flat in Choppy Trade; MHCV Values Dip Again Read More
The bill styled Preserving Access to Manufactured Housing Act 2015 (HR 650) was introduced by Rep. Stephen L. Fincher, (R-TN) on February 2, 2015. Since then, support for the bill has been building. At the bill’s introduction, Congressman Fincher said: “Mr. Speaker, I rise today to discuss my bill, the
The Alabama Manufactured Housing Association has announced that Clayton Homes of Northport, Alabama, is the winner of the Association’s 2014 Best Retail Sales Center Award. The Clayton dealership in Northport was chosen from entries submitted by manufactured home sales centers throughout Alabama. This award was created to recognize retailers who display
Clayton Homes Dealership Named 2014 Best Retail Sales Center in Alabama Read More
It’s always sad to leave a home you’ve loved and put your money and efforts into. That’s the dilemma facing residents of the Burton Avenue Mobile Home Park in Barrie, Ontario, Canada. Many of the 200 residents who lived at the community were notified in July 2013 that the site
There was welcome news in Wisconsin today when it was announced that Canadian American Homes, Inc., (CanAm) has purchased the assets of Liberty Homes, Inc., and will be reopening Liberty’s plants in Clark County. This acquisition is expected to create approximately 150 new jobs during the next few years, according to
Canadian American Homes Purchases Assets of Liberty Homes Read More
In his application for a new home, a young veteran named Zahid wrote that owning his own home would mean that he would finally be able to fully provide for his family. “It’s my way of showing them my love and appreciation for everything they do to help a wounded
Rebuilding Together Donates Champion Modular Home to Veteran Read More
MHCV values went up 0.39%. In the manufactured housing stocks we track, some went down slightly and others only made a minimal increase. Leaders were KMP – 1.36% and UMH – 1.04%. Marketwatch tells MHProNews that U.S. stocks rallied towards the end of the session Tuesday, sending the benchmark S&P
U.S. Stocks Close at Highest Level This Year on Greece Hopes; MHCV Values Were Static Read More
A bill being drafted by the Arkansas Circuit Clerks Association that would require counties to record and report all mortgage assignments and mortgage releases is getting some backlash. The Log Cabin Democrat tells MHProNews that Jonathan Greer, general counsel for the Association of Arkansas Counties has been working with the
Arkansas Mortgage Recording Bill Stirs Up Criticism Read More
The New Zealand Herald tells MHProNews that New Zealand’s first prefab home factory opened this week, located in a former General Motors assembly plant. Matrix Homes expects to produce up to 500 homes each year. “Some people are building components of houses, then assembling them on the site. However, at this
New Zealand Factory Opens to Turn Out Prefab Homes Read More
There is good news for New Jersey homeowners who sustained considerable damage or lost their homes due to damage from Hurricane Sandy. The Sand Paper tells MHProNews that the New Jersey Department of Community Affairs has posted another assistance program for low- and moderate-income homeowners who lost their homes in Hurricane Sandy.
More Hurricane Sandy Assistance for New Jersey Manufactured Home Owners Read More
Scotsman Guide News tells MHProNews that two national trade groups have asked the Consumer Financial Protection Bureau (CFPB) to exempt Housing Finance Agency (HFA) loans aimed at first-time homebuyers and lower-income borrowers from a rule that prevents lenders from receiving extra compensation for originating these loans. Last week in a
Trade Groups Seek More Compensation for HFA Loans Read More
