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.
Mermaid Manor Mobile Home Park in Bradenton, Florida has been sold for $2.1 million by Harold E. Crye to an undisclosed buyer. Crye’s company, Mermaid Manor LLC, paid $1.2 million for the manufactured home community (MHC) in March 2013 following a foreclosure involving prior owner CPM Properties LLC of Tampa, […]
MHCs Changing Hands in Florida Read More
Following a story MHProNews posted Sept. 5, 2014 regarding a proposed 166 unit modular housing complex straddling the S. Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal has become an item for debate among candidates for the Maple Ridge Council election set for Nov.
Council Votes for Modular Project; Candidates for Council Oppose it Read More
The Dow Jones Industrial Average posted its best week in nearly two years, gaining 426 points, as many of the housing stocks we track also landed in the black in today’s trading. Dow 16,805.41 +127.51 (+0.76%). Nasdaq 4,483.72 +30.93 (+0.69%). S&P 500 1,964.58 +13.76 (+0.71%). The Yahoo! Finance Manufactured Housing
Dow Jones: Best Week in Two Years Read More
One of the more common local stories that news feeds bring MHProNews are those related to “mobile home” fires. Some are tragic, others arson or human error. Many of these are obviously pre-HUD Code “mobile homes,” not manufactured homes. The home that burned in Sumter County, Florida falls into a gray
Fires, Mobile and Manufactured Housing in the News Read More
Elkhart, Ind.-based manufactured housing component supplier Lippert Components Inc., will receive a $200,000 Michigan Business Development Program grant for a $1.7 million investment creating 102 jobs in an expansion of recently acquired Innovative Design Solutions, Inc (IDS). The Michigan Economic Development Corporation announced approval for the project in Sterling Heights,
MH Component Supplier Lippert Expanding IDS in Michigan Read More
A nonprofit in New Hampshire that has been helping low-income families find housing for nearly 25 years has begun designing and selling its own version of energy-efficient manufactured and modular housing. Affordable Housing Education and Development (AHEAD), owning/operating 300 + units for seniors, families and individuals with disabilities, has created
Non-profit Housing Agency Building Own HUD Code and Modular Homes Read More
Following a story MHProNews last reported on July 2, 2014 regarding conditions and rent at the Easton Mobile Home Park in Easton, Massachusetts, the Board of Selectmen refused to roll back rents from $468 to $293. Acting as the Mobile Home Park Rent Control Board, the board members expressed fears
Easton Rents Hold, but Community Owners Must Make Repairs Read More
Strong third quarter corporate results fed investors’ appetite, spurring the three major indexes to continue regaining losses incurred earlier this month. All but one MH related stock rose or remained unchanged. UFPI gained the most of tracked stocks, moving up +3.68 percent. Dow Jones Industrial Average 16,677.90 +216.58 (+1.32%). Nasdaq
Manufactured Housing Stocks Perform Well in Today’s Trading Read More
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
Millennials Pushing Homeownership to a New Normal Read More
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
MHC Manager busted for Theft Read More
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
Most Manufactured Housing Stocks Lose Ground Read More
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
Custom Tiny Home does not Meet HUD Code Specs Read More
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.
IBS Modular Acquiring Future Home Technology Read More
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
