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 Dow Jones Industrial Average got spooked early in today’s trading by worries about interest rates, dropping quickly to 16,750, then managing to close almost 100 points higher at 16,846.13, although still losing -21.38 points, -0.13 percent, as CNNMoney tells MHProNews. The Nasdaq slipped -0.71 points, -0.02 percent, to end […]
Liberty Homes Stock Skyrockets; Dow, Nasdaq, S&P Slip Read More
The Harvard University’s Joint Center for Housing Studies reports half of the households in the Los Angeles metropolitan area spend 30 percent of their income on rent or mortgage payments, making it the highest rate of 381 U. S. metro areas; and 25 percent spend half of their income on
Los Angeles Housing Short on Affordability Read More
Questions have been coming in about the status of the 2015 Tunica Show, given Harrah’s closure of the site where the manufactured housing show has been held for the past 17 years. Dennis Hill at Show Ways Unlimited, the trade show’s coordinator, has told us that alternative options are in
The Tunica Manufactured Housing Show Will Go On! Read More
The aging baby boomer generation moved the median age of United States residents from 37.5 years to 37.6 years as an estimated 10,000 people each day hit 65, and the youngest of the boomers enter their 50s. Seven states, according to mdjonline.com, however, actually saw their median ago lowered, and
Factory-built Housing Rising as Age Drops in Oil Rich States Read More
As an addendum to a story MHProNews.com posted April 17, 2012 regarding students at the Upper Valley Career Center in Piqua, Ohio building a modular home for three developmentally-disabled individuals, different students at the same school recently completed a 1,992 square-foot modular home, again for the same disability service provider.
Trades Students Build another Modular Home Read More
Westville (Illinois) Village Trustees denied a request from resident John Barton to purchase a 22 year-old manufactured home within the village limits and and reposition it on a vacant lot within the village for his daughter and her family. The Westville zoning ordinance does not allow manufactured homes (MH) older
Illinois Town Denies Request to Re-Site Manufactured Home Read More
The Dow Jones Industrial Average regained nearly half of what it lost yesterday, moving up +0.29 percent, + 49.38 points, to close at 16,867.51. CNNMoney tells MHProNews the Nasdaq regained +29.40 points, +0.68 percent, to end the day at 4,379.76, while the S&P 500, which had been on a tear
Cavco Gains Most in Second Straight Day of Trading Read More
Under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) can issue a cease-and-desist order to shut down any business at any time, preventing the business from re-opening until either the government gives its approval or a court ruling is issued. Due to the usual slow movement of bureaucracies and
Consumer Financial Protection Bureau Disarming Arms Merchants Read More
Fort, Myers, Florida-based Murex Properties has acquired the 273-homesite manufactured housing community (MHC) Ventura Lakes in Punta Gorda, FL for $12 million, in conjunction with Northwest Mutual. The 84-acre community was developed in 1998 and includes an 8,000 square-foot clubhouse with a library, fitness center, billiards room, stage, dance floor
Murex Acquires Ventura Lakes MHC in Florida Read More
Noting the growing trend of retirees downsizing to homes that are more manageable and affordable, monroemonitor.com in Monroe, Washington suggests there is a growing market of used manufactured housing in 55+ retirement communities that with a little elbow grease can lead to living well, green and stylish. By replacing the
Age-restricted MHCs offer Strong Sense of Community Read More
Yale Law School’s 2014 recipient of the Simeon Baldwin award has been conferred upon Eugene Landy, founder and chairman of UMH Properties, Inc. (NYSE:UMH) and Monmouth Real Estate Investment Corp. (NYSE:MNR). The award recognizes achievement in law and business. Describing Landy as “one of the pioneers and founders of the
Eugene Landy Honored by Yale Law School Read More
Just when lenders might have thought they were protected from ability to repay (ATR) loans because originating qualified mortgages (QMs) provided safe harbor, it turns out that under the Truth in Lending law a borrower can allege the lender engaged in unfair and deceptive acts (UDAP) that led to the
The Qualified Mortgage Safe Harbor may have Washed Away Read More
Despite a rise in new home sales, home prices and consumer confidence, investors turned their backs on stocks as the three major indexes all registered losses in today’s trading, as CNNMoney tells MHProNews. The Dow Jones Industrial Average fell -119.13 points, -0.70 percent, to close at 16,818.13. The Nasdaq dropped
Cavco Edges Up, Sun Edges down; Dow drops over 100 points Read More
Sales of newly-built single-family homes rose briskly 18.6 percent in May to a seasonally-adjusted annual rate (SAAR) of 504,000 units, the highest rate since May of 2008, according to data collected by the National Association of Home Builders from the U. S. Census Bureau and the Department of Housing and
New Home Sales Spike in May Read More
A small, pop-up disaster relief shelter that can be assembled in two minutes is the brainchild of Australian entrepreneur Alastair Pryor, says nydailynews.com, and only costs $150. The foldable, lightweight emergency housing unit consists of a four-walled room with a door, made of heavy, twin-walled plastic, which gives it thermal
Modular Emergency Shelter Assembles in Two Minutes Read More
Calgary, Alberta, Canada-based Black Diamond Group has increased its credit facility from $145 million to $150 million with an accordion expansion option of up to $250 million, according to sys-con.com. Black Diamond provides remote modular lodging and workforce housing with associated services to a wide range of industries including oil
Black Diamond Betting on Continued Modular Growth Read More
Updating a post MHProNews last published May 27, 2014 concerning opposition to a 100-homesite manufactured housing community (MHC) in Mayfield, New South Wales, Australia, councilors approved the development by a 7-4 vote at a public hearing, according to newcastlestar.com.au. Councilor Brad Luke, who had chaired the meeting, said the developers
Plans Approved for 100-Site Manufactured Home Community Down Under Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) is pleased to announce the keynote speaker at their July 31-Aug. 1 convention and annual meeting will be MHI Chairman Nathan Smith. Set for the Hilton Virginia Beach Oceanfront, MHProNews has been told there will be educational, networking and recreational opportunities, as
MHI Chair Nathan Smith to Address VAMMHA Read More
Updating a post MHProNews published May 12, 2014 concerning the Department of Housing and Urban Development’s (HUD) increase of $95 to $105 for manufactured home per floor label fees in an attempt to help defray the program costs, the Manufactured Housing Institute’s (MHI) response suggested HUD develop a formula for
MHI to HUD: Label Fee Increase Needs Adjustment Read More
Following a story MHProNews posted June 18 regarding new modular homes destined for Union Beach to replace up to 16 destroyed by Hurricane Sandy, your4state.com reports six of the homes are being constructed by Foremost Industries, Inc. of Greencastle, Pennsylvania. The first two homes delivered, funded by the New Jersey
Hurricane Sandy Replacement Modular Homes Producer Revealed Read More
