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.
Updating a story MHProNews last posted Jan. 30, 2014 regarding a 16-year attempt by the residents of Naples Estates (Fla.) manufactured home community (MHC) to purchase their community, Collier County Circuit Judge Hugh Hayes had ruled in favor of the Naples Estates Homeowners Association (NEHA) to seek financing to buy […]
Settlement of Sixteen Year Legal Wrangling between Owner and Community Pending Read More
The city of San Diego has offered to pay the residents of De Anza Cove manufactured housing community (MHC) $22 million in relocation expenses plus attorney fees to settle a lawsuit, following eleven years of legal wrangling. The homeowners’ attorney released a statement saying the city’s offer is a good
San Diego Offers $22 Million to MHC Residents Read More
Although MHProNews has posted several stories relating to the effect of student debt on home sales, a new study by John Burns Real Estate Consulting, according to The Wall Street Journal, says higher levels of student debt will reduce U. S. home sales by eight percent this year. Studying purchase
Student Debt will Cut Home Sales Eight Percent Read More
The Franklin County (Missouri) Planning and Zoning Commission rejected a conditional use permit (CUP) plan to replace a series of duplexes, senior apartment and Korean-syle huts with single and multi-section manufactured homes for a 110-acre retreat complex for the National Association of Intercultural Family, Inc. (NAICFM). Initially approved in 2007,
Planning Commission Rejects Manufactured Home Proposal Read More
A request by the owner of residential property in Pierce City, Missouri to re-zone the land as a manufactured home community (MHC) was denied by the city’s aldermen, which is keeping the owner from filling two vacant home sites. A local ordinance requires an empty slot to have a replacement
Attempt to Replace Vacated Manufactured Home Sites Denied Read More
The homeownership rate among young adults ages 18-34 has fallen to a new low, 13.2 percent, as Millennials continue to live in their parents’ basements. In 2014, according to Census Bureau data compiled by trulia.com, 31.1 percent of this age group lived with their parents, a slight decline from 31.2
Millennials Continue Living with Mom & Dad Read More
The huge splash made by Alibaba’s IPO evidently drowned out most everything else, although the Dow Jones Industrial Average managed enough gain, +0.08 percent, +13.75 points, to set another new high, ending the week at 17,279.74. The Nasdaq slipped -.30 percent, -13.64 points, to end the day at 4,579.79, while
Skyline Rises again as Dow Reaches New High Read More
Employees of manufactured housing component supplier Lippert Components, Inc. of Elkhart, Indiana participated in the annual JDRF (Juvenile Diabetes Research Foundation) Walk to Cure Diabetes, raising over $15,000 for research into a cure for Type 1 diabetes. According to rvbusiness.com., around 200 employees and their families took part in the
Lippert Contributes to RVs, MHs and Community Charities Read More
Updating a story MHProNews last posted Sept. 5, 2014 about the dispute between Ratner and Skanska in New York City that has brought to halt the construction of the largest modular tower in the world, concern is growing that if the project fails, financing for future modular projects may be
Ratner-Skanska Dispute Eating at the Big Apple Read More
MHProNews has learned that John Paul Builders of Brick Township, New Jersey, is building five modular homes in New York and New Jersey using Eco Building Products’ treated wood product that is protected from mold/mycotoxins, fire, water, fungus, rot and wood-ingesting insects. Calling them “defensive building materials, ECO says its
Defensive Building Materials used for Modular Homes Read More
Four members of the manufactured housing industry were honored at the recent Manufactured Housing Institute (MHI) annual meeting Sept. 14-16 for their outstanding contributions to the industry. Dick Ernst, president of Financial Marketing Associates, received the MHI Chairman’s Award from MHI Chairman Nathan Smith. A longtime member of the MHI
Four MH Industry Members Honored at MHI Annual Meeting Read More
William Matchneer, formerly senior counsel with the Consumer Financial Protection Bureau’s (CFPB) division of research, markets and regulations, has joined the law firm of Bradley Arant Boult Cummings in their litigation and compliance practice group. In addition to serving as team lead for implementation of the Dodd-Frank Act at the
William Matchneer leaves CFPB for Bradley Arant Boult Cummings Read More
The next round of the Obama Administration’s Promise Zone applications will be discussed Friday, Sept. 19 at 11 AM eastern time by U. S. Housing and Urban Development Secretary Julian Castro, Department of Agriculture Secretary Tom Vilsack, Department of Transportation Secretary Anthony Foxx, Senator Bob Casey of Pennsylvania and Rep.
Promise Zones Set to Expand to other Struggling Communities Read More
The U. S. is reveling in one of the most lucrative stock market runs in it history, but the recipients of this largesse are primarily white, college-educated individuals who are already well off, leading to discussions of income inequality, especially by those who did not gain. Meanwhile, the Dow Jones
Drew Advances Modestly; Dow and S&P reach new Historical Highs Read More
The U. S. Department of Housing and Urban Development (HUD) and the Census Bureau inform MHProNews housing starts fell in all four regions of the country in August by 14.4 percent to a seasonally-adjusted annual rate (SAAR) of 956,000 units. Multifamily production led the downward trend, falling 31.7 percent, while
August Housing Starts Decline 14.4 Percent Read More
Scottish company ECHO makes modular pods of local lumber under one hundred square feet each that can be stitched together to make the home any size desired, according to fastcoexist.com. Insulated with sheep wool, the homes are built on stilts to allow placement in any terrain. Says founder Sam Booth,
Scottish Modular Homes use Sheep Wool for Insulation Read More
In the largest increase since November of 2013, the 30-year fixed mortgage rate rose 14 basis points from one week ago to 4.19 percent, although it peaked on Sunday at 4.30 percent and then fell, according to worldpropertychannel.com. Erin Lantz of Zillow says the rates hit a five-month high last
Mortgage Rate Increase highest in Ten Months Read More
The Modular Building Institute (MBI) has chosen the Ruth Lake Lodge north of Fort McMurray in Alberta, Canada as its Building of the Month for Sept. 2014, according to realestaterama.com. Providing housing for employees of the Athabasca Oil Sands industries and visitors to the area, the complex has over 600
Ruth Lake Lodge honored as Modular Building Institute Building of the Month Read More
In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is
Sun Communities to Sell Six Million Shares to Fund Acquisition Read More
In an attempt to turn around its eighth consecutive year of multimillion dollar losses, manufactured housing producer Skyline Corp. is rolling out a new line of recreational vehicle (RV) models at this week’s Elkhart County RV Open House. Based in Elkhart, Indiana, the company has focused more on its MH
Skyline Revamping its Recreational Vehicle Models Read More
