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 threat of a government shutdown and subsequent need to raise the debt ceiling sometime around the middle of October led investors away from the Big Board as the Dow and the S&P closed down for the fourth straight day, while the Nasdaq managed to squeak away with a minor …
A 3,200 square foot home in Miami Beach, Florida has achieved the highest LEED Platinum certification known to have been given in the nation. Rated at 120/89.5, a HERS (Home Energy Rating System) Index: -8 (100 is normal for new construction), and earning the National Green Building Standard of EMERALD …
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its …
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
The all-volunteer Yarnell Hill Recovery Group was formed specifically to assist the 11 uninsured homeowners whose homes were destroyed in the Yarnell Hill Fire to rebuild in Yavapai County, Arizona. Of the eleven residences, four were manufactured homes, and they will be replaced with manufactured homes; the stick-built homes will …
Paul Bradley, president of ROC (resident-owned communities) USA LLC has been chosen the Carsey 2013 Social Innovator of the Year, which recognizes a New England business leader with a commitment to social innovation and business. ROC USA assists residents of manufactured home communities (MHCs) form co-ops to buy their own …
Paul Bradley Honored for Developing Manufactured Housing Co-ops Read More
Workforce housing provider Target Logistics has resource-efficient features at its Dunn County Lodge just north of Dickinson, North Dakota. The modular units have low-flow showers and sinks, the 60 washers and dryers used by the 450 tenants are energy efficient and housekeeping re-dyes old towels and repairs torn sheets. Workers …
Energy Efficiency is Hallmark of Modular Workforce Housing Read More
Canadian-American Structured Solutions (CASS) opened in May 2012 in Billings, Montana vowing to provide 100 jobs, as it filled modular housing orders for workers in the Bakken oil fields in western North Dakota. Updating a story MHProNews posted Jan. 26, 2013 regarding the company’s temporary layoff of 30 employees due …
The continuing battle in Congress over the possible shutdown of the government kept investors in the background, leading to a decline in the three major indexes. CNNMoney reports the Dow dropped -49.71 points, -0.32 percent, to close at 15,401.38. Meanwhile, the Nasdaq fell -0.25 percent, -9.44 points to end today’s …
Of the 30 largest metropolitan areas that the Zillow Real Estate Market report analyzes, 20 experienced annual home value increases of at least ten percent in August, the most significant of which were in California cities—Sacramento rose 34.1 percent—plus Las Vegas and Phoenix. Overall, 85 percent of the 382 markets …
In an attempt to avoid the conversion of manufactured home communities (MHC) to other uses and thereby force people to move, the Spokane Valley City Council, while conscious of private property rights, want to increase the density in existing communities. According to spokanevalleyonline, it could also hold down rents, retain …
City wants to Retain Manufactured Home Communities Read More
The 15 manufactured housing communities (MHC) in Callaway, Florida near Panama City range from modern developments with newer homes and paved streets to older flat-roofed factory-built homes sited on rough roads with no paved parking. A 1998 ordinance regulates new MH developments, but now a city commissioner wants pre-ordinance communities …
City Hopes to Upgrade Older Manufactured Home Communities Read More
The town of Springerville, Arizona has adopted a new amendment to their factory-built home ordinance. Any manufactured home built after 1976 must comply with the IBC (International Building Code) and the UBC (Universal Building Code) and inspected by the town’s building inspector. In addition, all manufactured homes (MH) being moved …
HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is …
The uncertainty of a possible government shutdown and possible tapering of the Federal Reserve’s Quantitative Easing drew down all three major indexes, especially the Dow, which fell just under 200 points. CNNMoney reports the Dow dropped -185.46 points, -1.19 percent, to close at 15,451.09. Meanwhile, the Nasdaq fell -0.39 percent, …
In response to the South Carolina beauty contestant at the Miss America pageant who made fun of her home state’s bounty of manufactured homes, as MHProNews covered Sept. 16, 2013, Brian Hicks with The Post and Courier says the line— “I’m from the state where 20 percent of our homes …
Beauty Queen’s Sarcastic Remarks Spark Interest in MH Read More
The Aiken County Planning Commission in west central South Carolina has approved plans for a 33 home site manufactured housing community (MHC) situated on nine acres on Wire Road in Aiken, SC. The aikenstandard.com says five manufactured homes on a lot that is at least five acres or more constitutes …
Southfield, Michigan-based Sun Communities, Inc. (SUI) has declared a $0.63 dividend per share of common stock for the third quarter of 2013, payable Oct. 18, 2013 to shareholders of record Sept. 30, 2013. The board of directors of this real estate investment trust (REIT) also declared a dividend per share …
An innovative collaboration between affordable-housing and energy-efficiency advocates has resulted from the destruction wrought by Tropical Storm Irene that destroyed or damaged 560 manufactured homes in Vermont. Many manufactured housing communities (MHCs) are located in low lying areas, making them more susceptible to flood water damage. Since many residents of …
Vermont Promotes Energy Efficient Manufactured Homes Read More
Updating a story regarding Garden Homes Management Corp. attempts to develop a manufactured home community in Oxford, Connecticut since 2006, a post MHProNews last covered July 3, 2013, a public hearing on the proposal was held Sept. 9 by the Conservation Commission, Inlands Wetland Agency to determine if the development …
Garden Homes Continues to Push for MH Development OK Read More
A USA Today survey of Census Bureau data reveals the Millennial Generation, those between 25 and 34, buoyed the renters’ ranks by some one million from 2006 to 2011, while homeownership dropped nearly 1.4 million. For some of that generation renting is a result of liftstyle and finances—they may take …
