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 National Association of Realtors (NAR) reports homeownership for the under 35 year-old crowd has fallen from 43 percent in 2005 to 36 percent today, according to nationaljournal. Even with very affordable interest rates, the Millennial generation in many cases is saddled with student debt, putting a damper on their …
A growing trend for the last decade has been an influx of foreign buyers from Asia, Australia and Europe purchasing homes in the U. S., which is actually helping the real estate market price recovery. A report by the National Association of Realtors says $22 billion of the $92 billion …
International Real Estate Buyers Spur U. S. Housing Market Read More
The Housing Authority of the City of Napa (HACN) will administer a no-cost home repair loan over a 30-year term to low-income residents who need repairs and upgrades to their homes in Calistoga, California. The half-million grant will be available to those who make 80 percent or less of the …
Manufactured Housing Residents Eligible for No-cost Repair Loans Read More
According to sidneyherald, Robert Emery’s application to update his Sunrise Mobile Home Park in Richland County, Montana has been approved by the Richland County Commissioners. Recreational vehicles (RVs) will be banned from the community which will have 19 manufactured homes with 20 feet between each unit, a turnaround area for …
Sunrise Manufactured Home Community will see Upgrades without RVs Read More
The owners of Blacksburg Estates manufactured housing community (MHC) in Virginia are reformatting their plan to move 20 manufactured homes to the other side of the 33.5 acre community after residents and others protested the rezoning request to develop most of the community. Owners Frank Bruno and Don Carter wanted …
Manufactured Housing Community will Continue as Affordable Housing Site Read More
The former property manager of Mobile Manor manufactured home community in North Platte, Nebraska has been sentenced to 90 days in jail for embezzling $18,000, and has been ordered to pay restitution at the rate of $100 a month following her sentence until the debt is paid. Barbara Jo Fox …
Following four days of gains, the three major indexes all lost just under one percent after gaining over one percent in yesterday’s (Oct. 21) trading on the Big Board. Dow Jones Industrial Average 16,461.32 -153.49 (-0.92%). Nasdaq 4,382.85 -36.63 (-0.83%). S&P 500 1,927.11 -14.17 (-0.73%). The Yahoo! Finance Manufactured Housing …
A 415 square foot customized tiny home now sited in the Bruton Park manufactured home community (MHC) in York County, Virginia may have to move because it has not been approved to meet the federal HUD Code standards for a manufactured home (MH). Karen and Tom Rogers lived with their …
Moody’s Investor Services, a leading credit-rating agency, tells MHProNews that while the Canadian government has an AAA rating due to its improving finances and its strong regulatory and institutional framework, rising home prices and high consumer debt may pose a risk to the economy. Steven Hess, Moody’s senior vice-president, says, …
Canada’s Economy, Housing Strong Despite Rising Debt and Home Prices Read More
Custom home modular producer Innovative Building Systems (IBS) of Mechanicsburg, Pennsylvania is acquiring modular manufacturer Future Home Technology, Inc. of Port Jervis, New York. IBS offers custom modular homes from five facilities stretching from Maine to Iowa under brand names Excel Homes, All American Homes, Modukraf Homes and Keiser Homes. …
The New York Times ‘ recent article on the MH/CFPB issue states that manufactured homes have become a crucial source of affordable housing in the South, West and northern New England, according to the Consumer Financial Protection Bureau’s (CFPB) report last month, with prices of less than half the $94 per square …
New York Times on CFPB – Manufactured Homes Crucial to Affordable Housing Read More
According to CNBC, Chicago-based Equity LifeStyle Properties, Inc. (ELS) earned funds from operations (FFO) for Q3 2014 of $63.1 million, $0.69 per share, besting Zacks Investment Research estimate of $0.66 per share. On revenues of $200.6 million, the REIT (real estate investment trust) reported net income of $25.7 million, or …
Equity LifeStyle Properties Bests Zacks Prediction Read More
All tracked MH stocks gained or remained unchanged in today’s trading, as solid earnings reports from major firms extinguished much of the pain of October’s stock slide, with the Nasdaq moving up 2.40 percent, followed by solid rises in the Dow and S&P. Dow 16,614.81 +215.14 (+1.31%). Nasdaq 4,419.48 +103.41 …
Nasdaq Advances 2.40 percent; No Manufactured Housing Stocks Fall Read More
In September, marking the third time this year, total housing starts hit the far side of the million mark, advancing 6.3 percent to a seasonally annual adjusted rate (SAAR) of 1.017 million, according to numbers released by the Census Bureau and the U. S. Dept. of Housing and Urban Development …
Students at Green Mountain College in Vermont, guided by Professor Lucas Brown, began working on tiny homes several years ago and have now developed OTIS—Optimal Traveling Independent Space—70 square feet of modular living space, easily suitable for one, that fits on a 5′ X 8′ utility trailer and can be …
Elkhart, Indiana-based Patrick Industries, Inc. will release its third quarter 2014 financials prior to the opening of the market on Thurs., Oct. 30, followed by a conference call at 10 AM eastern time that same morning. The call will be hosted by president and CEO Todd Cleveland and CFO Andy …
Patrick Industries to Disclose Q3 Financial Report Read More
Calling mortgage loan fraud virtually a cottage industry during the housing feeding frenzy that lead to the Great Recession, that practice did not end with the sudden creation of the Consumer Financial Protection Bureau (CFPB), Pat Dalrymple tells MHProNews. Big money on the table can draw a conspiracy of mortgage …
A $10 million contract will be shared by several Florida colleges to provide training and education for the manufactured and modular housing industries, according to a report to MHProNews from sfcollege.edu. In a partnership with Santa Fe College, Polk and Seminole State Colleges, Miami Dade College Kendall Campus will serve …
Funding offered in Florida to train Potential MH Construction Workers Read More
Although the Ebola crisis is tamping down the stock market, while the Dow slipped, the Nasdaq and S&P 500 managed gains, as calm has seemingly returned to the recently volatile Big Board. Dow 16,348.91 -31.5 (-0.19%). Nasdaq 4,316.07 +57.63 (+1.35%). S&P 500 1,894.52 +7.76 (+0.41%). The Yahoo! Finance Manufactured …
Operating its manufactured home retail centers through Wisdom Homes of America, Inc., SearchCore touts that Merriman Capital, Inc. issued a research report update on their company. OTCmarkets tells MHProNews that Merriman maintained their speculative buy rating on SearchCore with a target price of $0.30 based on the company’s sales and …
