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.
UMH Properties, Inc. (NYSE: UMH) announced today that it has closed on the acquisition of Holly Acres, a manufactured home community in Erie, Pennsylvania. The purchase price was $3,800,000. PR Newswire tells MHProNews that this all-age community contains a total of 141 developed homesites located on approximately 40 acres. The average occupancy for this …
The Bradenton Herald tells MHProNews that two adult living manufactured home communities in Bradenton, Florida, sold this month within days of each other, for a combined amount of $13 million. DeSoto Mobile Estates, 1219 51st Ave., sold to Palm Cove MHC LLC, for $8 million on January 14, according …
Downsizing seems to be a growing trend these days. There are many stories written about the “tiny houses” people are building, some as small as 150 sq. ft. One couple decided to buy an older model single-wide manufactured home and remodel it. Now, they happily live in a 750 …
Older-Model Manufactured Home Leads to Debt-Free Living Read More
Depending on what source you read, there is much speculation about what the economy will be like in 2015. Some think that Europe is on the verge of another recession, and wonder if that would affect the United States. There is also some discouraging news about declining stock prices and …
In his live-streamed fireside chat held Wednesday, HUD Secretary Julian Castro predicted that more Americans will be able to buy their own homes in 2015. He based his optimism on what he called a “confluence of factors” that he believes will encourage more potential homebuyers to take action in buying …
HUD Secretary Julian Castro Believes More Americans Will Be Able to Buy Homes in 2015 Read More
MHCV tracked stocks declined slightly: -0.85%. Exceptions were: AMG 2.35%, CG 0.66%, and ELS 0.07%. USA Today tells MHProNews that stocks ended higher Wednesday as traders were encouraged by reports that the European Central Bank was poised to unveil further stimulus measures. The major indexes logged a third straight day of …
Dow Gained a Few Points on Wednesday As MHC Values Continued to Decline Read More
George, the turkey, is on the run. He has delighted some residents and frightened others at the Stoneybrook Mobile Home Park, a 55+ community in Seabrook, New Hampshire. Residents who live there don’t know what happened to George’s flock, nor do they know where he stays at night. However, from …
Residents of manufactured home communities in this country and in Canada frequently find themselves evicted from their places of residence for various reasons. Many times, it’s because the land has become too valuable and owners want to sell it for other types of development. Other reasons include cities not wanting …
Residents of Calgary MH Community Being Forced to Move, But Can They Afford It? Read More
There was a lot of protest at first about a “trailer park” being built in a neighborhood of $300,000 to $700,000 homes in Absecon, New Jersey. This is an upscale community located just west of Atlantic City. Residents bought homes there to enjoy the scenery that overlooks Absecon Bay, an …
New Upscale MH Community Joins Upscale Neighborhood in New Jersey Read More
Overall, MHCV tracked stocks went down -3.31%. Only a few had even a slight increase. These included TAVFX 1.34% (Jan.16), AMG 1.23%, DW 1.16%, and KMP 0.38%. The bad news today is that crude oil prices continued to drop. As a result, USA Today tells MHProNews that Baker Hughes (BHI) said …
The Dow Went up a Few Points on Tuesday As Manufactured Housing Composite Values Dipped Read More
In an effort to help underserved borrowers, Director Melvin L. Watt of the Federal Housing Finance Agency (FHFA) has ordered the GSEs, Fannie Mae and Freddie Mac, to increase the use of housing counseling. It is hoped that this will assist entry-level borrowers to get into the housing market by …
FHFA Director Wants to Step Up Efforts To Increase Affordable Home Ownership Read More
HUD News tells MHProNews that on Wednesday, January 21, at 9:15 a.m. EST, U.S. Housing and Urban Development Secretary Julián Castro will join Zillow’s Chief Economist Stan Humphries for a fireside chat. The event will take place at the Newseum in Washington, D.C. Secretary Castro will take questions from a …
HUD Secretary Julian Castro to Answer Housing Questions in Live-Streamed Fireside Chat Read More
EA Technologies, a manufacturer of custom steel and aluminum parts and provider of electro-deposition (e-coat) and power coating services used in the manufactured housing industry, has been acquired by Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc. Both companies are located in Elkhart, Indiana. PR Newswire tells MHProNews …
Drew Industries Announces Acquisition of MH Related Technology Company Read More
Gateway Lifestyles, an Australian company that specializes in the development and management of “residential parks” has hired two global financial services companies, UBS and Macquarie, to oversee the initial public offering of its manufactured housing parks business. Currently, Gateway owns 22 parks. The Australian Business Review tells MHProNews, that the …
Gateway Lifestyles Going Public As MH Living Becomes More Popular Down Under Read More
The weatherman has been kind to the Louisville Manufactured Housing Show. He is predicting warm to moderate weather, which means you can take in some of the sights in this area without having to wear too many layers of clothing. One of the most interesting sights to see is the …
Have Fun While Attending the 2015 Louisville Manufactured Housing Show Read More
U.S. Markets are closed today in observance of Martin Luther King Day. We will have results of selected Manufactured Housing Composite Values and other stock information after the market closes at 4 p.m. ET on Tuesday, January 20, 2014. ## Article Submitted by Sandra Lane to – Daily Business News- MHProNews. …
Stock Market Is Closed Today in Observance of Martin Luther King’s Birthday Read More
Residents of a subdivision in Thomaston, Georgia, indicated they did not want a modular building that would “temporarily” house a church congregation in their neighborhood. Others said they did not want a church in their neighborhood at all. This controversy centers around a request from a church group to put …
Church in a Modular Building? Not In Our Neighborhood! Read More
The increased investment interest in manufactured home communities is similar to that seen in recent years for multifamily properties, according Mark Weiner, chief financial officer for Storz Management, Orangeville, California. “Unlike apartments, manufactured home communities only rent space rather than the living units themselves, which are still owned by the residents,” he …
Manufactured Home Communities Becoming Emerging Investment Trend Read More
Manufactured housing has found great popularity at the Eurocamp resorts in more than 180 locations across Europe. These comfortable conventional home-like accommodations are to be found at resorts by the beach, in the mountains, at lakeside and even in capital cities. The manufactured home pictured above is a favorite, designed …
Manufactured Housing Proves To Be Popular at Numerous European Resorts Read More
Cavco Industries, Inc., (CVCO) was among the biggest gainers on the Russell 2000 for Friday, January 16, as the stock rose 5.22% to $74.93, representing a gain of $3.72 per share. Some 66,651 shares traded hands on 802 trades, compared with an average daily volume of 31,213 shares out of a …
Cavco Industries Stock Rises 5.22% According to Russell 2000 Read More
