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.
MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR) that statistics obtained from the U. S. Department of Housing and Urban Development (HUD) reveal manufactured housing production grew to 5,733 HUD Code homes in May, a two percent increase over the 5,622 produced in May of 2013. […]
HUD Code Production Continues to Grow Monthly Read More
BMO Capital Markets’ Senior Analyst Paul Adornato says the housing bubble has made mortgages tougher to get, leading people to manufactured housing (MH), and since manufactured home community owner Sun Communities, Inc. is poised to take advantage of the situation, their stock has been bumped up to an outperform rating,
Housing Bubble Drawing People back to Manufactured Housing Read More
Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to sddt.com. The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National
Marcus & Millichap Engineer MHC Sale Read More
The third largest island in the world, situated southeast of the Malay Peninsula, Borneo is part of Malaysia and Indonesia, and hungry for modular housing to ease the shortage of affordable homes. Chinese-built modular homes have been exported to 80 countries, but transportation would make the prices too high to
Chinese may Build Modular Homes in Borneo Read More
According to payroll processing firm ADP, private sector firms added 281,000 jobs in June, the strongest month for hiring since November, 2012. Small companies with under 50 employees added 117,000 jobs, mid-sized businesses added 115,000 employees and large firms with over 500 workers added 49,000 jobs, as reported to MHProNews
Job Growth Strong in June Read More
The Easton, Mass. Board of Selectmen, acting as the town’s manufactured housing rent control board concerning residents of Easton Mobile Park request for reduced rents, heard more information from owner Morgan Management’s controller as well as from Justin DaMore of Meyers Environmental describing an inadequate sewer system for the community.
Sewer Problems Inherited from Previous MHC Owner Read More
After a day of jagged ups and downs, the Dow Jones Industrial Average continues to flirt with the 17,000 mark, as it moved up +20.17 points in today’s trading, +0.12 percent, to end at 16,976.24. As CNNMoney informs MHProNews, the Nasdaq slipped -0.92 points, -0.02 percent, to close at 4,457.73,
Skyline Rises, UFPI falls; Dow Closing in on 17,000 Read More
Updating a story MHProNews last posted June 12, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer as much as $10,000 in assistance to help ten qualified residents purchase modular homes, the proposal now goes before the town council. If approved, the homes would
Affordable Modular Homes Proposal Moving Forward in Bluffton Read More
The board of directors of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, has declared a quarterly cash dividend on the company’s common stock of $0.18 per share payable Sept. 15, 2014 to shareholders of record as of Aug. 15, 2014. In addition, the board declared a quarterly dividend of
UMH Properties Declares Common and Preferred Stock Dividends Read More
According to a report on NPR.org, the city of Chicago owns nearly 5,000 empty lots in the greater Englewood area on the South Side due to the foreclosure crisis that resulted in the demolition of many homes. Having limited success with affordable housing and urban garden efforts, the city is
Vacant Lots in Chicago Selling for One Dollar Each Read More
In an attempt to strengthen the state’s housing market, Virginia has passed a measure that allows first-time home buyers to invest up to $50,000 in any financial institution, free of state taxes on any earnings, provided the money is used to buy a home in the state. Called the First-time
Manufactured Homes Included in Homebuyer Savings Plan Read More
Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), informs MHProNews only 43 manufactured homes were ordered by retailers in Iowa during Q1, 2014—just six in the month of January—a drop of 15 homes, 26 percent, compared to the same period in 2013. For the last three
Orders for Manufactured, Modular Homes Drop in Iowa Read More
John Williams, president of the Federal Reserve Bank of San Francisco, while expressing optimism the economy is well on its way to recovery, says the Fed will need to keep interest rates near zero until the middle of next year. Speaking to members of the Utah and Montana Bankers Association,
Regional Fed Head Says Interest Rate Will Remain Low Read More
New money from mutual funds and other big investors are entering the stock market to kick off the second half of the year, driving the Dow Jones Industrial Average and the S&P 500 to new record highs. As CNNMoney informs MHProNews, the Dow rose +129.47 points, +0.77 percent, to 16,956.07,
UFPI Gains over 3 Percent; Dow, S&P Hit new Record Highs Read More
Yorkshire, England entrepreneur Andrew Foreman has entered a 50/50 joint partnership worth $8 million with Marcol Group, a property investment company, to grow three modular building companies near Beverley on the Catfoss Industrial Estate. Catfoss Eco Modular Living Ltd manufactures modular buildings for homes and business. Catfoss Modular and Portable
Three UK Modular Businesses Combined for Sustained Growth Read More
As the Michigan home market continues to improve, lenders say they are seeing more millennials, those in their 20s to 30s, now buying homes, comprising 31 percent of home buyers. The uptick is reaching the manufactured housing (MH) market as well. As digitaljournal.com reports, Sharon Crowe of Parkhurst Homes in
Millennials Buying Manufactured Homes in Michigan Read More
RV/MH Hall of Fame President Darryl Searer, in delivering a eulogy at the funeral of Jay Hesse, his friend, a customer and competitor for almost 25 years, said: “Standing in life a full 6-foot, 5-inches, Jay was a giant of a man, not only in physical stature, but also as
Jay Hesse Eulogy delivered by RV/MH Museum Head Darryl Searer Read More
In the name of transparency, beginning in May, Louisiana House Bill 909 requires companies that provide homeowners insurance, including manufactured homes, to publish information on premiums, incurred losses and how the insurance company arrived at its rate. MHProNews has learned from dailycomet.com the information, which will be available on the
Homeowners Insurance Transparency Includes Manufactured Homes Read More
According to worldpropertychannel.com, the National Association of Realtors’ (NAR) Pending Home Sales Index increased from 97.9 in April to 103.9 in May, the largest rise since April 2010 (9.6 percent) when first-time homebuyers beat the deadline to take advantage of the popular tax credit then available, as the government was
Pending Home Sales Rise in May, but Lagging Behind Last Year Read More
After being voted the best place to buy manufactured and modular housing in the Best of Maury County (Tennessee) reader’s poll, Keith Baker Homes is closing its doors after 38 years in business. “We were voted the best in Maury for many years for which I want to express our
Tennessee HUD and Mod Dealer Closing after nearly Four Decades Read More
