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.
Saw star Betsy Russell recently listed her lavish, custom manufactured home overlooking the Pacific Ocean in ritzy Malibu for just a buck under a cool 2 million. TMZ and other media outlets both raved and ranted. “On top of the nearly $2 million price tag, the HOA fees will run […]
Stunning 2 Million dollar manufactured home, but TMZ and media struggle to ‘get it’ Read More
In an editorial, MH aficionado Crystal Adkins said that in her opinion, journalists are a significant part of the image problem manufactured home owners and professionals face daily. “There are so many great benefits and advantages of manufactured homes.” Adkins said. She writes that manufactured home owners ought to be
Adkins Blasts Media for Anti-Manufactured Home Bias Read More
VPR tells MHProNews that most of the money from recovery efforts post tropical storm Irene went to rebuilding state and town roads and bridges. But signifcant sums were also used for relief of those, including in manufactured home communities like this one in Berlin, VT, to help storm victims with
Irene, Two Years Later Read More
Bob Pritt’s 208 square foot home is only 208 square feet, cost him about $20,000 to build, but Anderson County can’t say yes, because his home is not a HUD Code certified manufactured home, so it can’t be placed in a manufactured home land lease community. Pritt’s had his home
Tiny House, not ok’d for Manufactured Home Community Read More
California Governor Edmund Brown signed legislation – AB 379 – authored by Assemblymember Cheryl R. Brown (D-San Bernardino). The bill’s objective is to preserve access to manufactured housing by allowing it to be converted from “chattel” – personal property – into real property. Inland Valley News tells MHProNews a key
Brown signs Brown’s Manufactured Homes Finance bill Read More
CNN Money tells MHProNews that the U.S. economy grew at 2.5% in the 2nd quarter of 2013, helping boost the markets. Some U.S. employers are playing a ‘blame game’ regarding Obamacare (ACA), while some say almost ¾ of all job creation right now is part time caused by the 30
Dow rises on positive economic report, tracked housing stocks mixed Read More
Mirroring the July drop in new home activity, the National Association or Realtors (NAR) reported that pending home sales dropped by 1.3% in July. The NAR said that even with the drop, July was up 6.7% from the same month in 2012. Marketwatch tells MHProNews that “By region, pending home
NAR – Pending Home Sales Down in July, but up over 2012 Read More
Panoramic Interests CEO Patrick Kennedy says that for San Francisco developers, this is the best and worst of times. Epoch tells MHProNews that for those building in currently under-supplied market, it’s a good time. But costs are high, which are ultimately passed onto consumers. So Panoramic used modular construction for
Panoramic’s Kennedy says, best and worst of times Read More
The American Bankers Association (ABA) blasted the Consumer Financial Protection Bureau for a system they say lacks transparency in data collected from consumers. Law360 tells MHProNews that the CFPB also fails to sate how it plans to use the data to shape their policies. This comes on the heals of
ABA Blasts CFPB for blanket requests for sensitive information Read More
Trulia’s Chief Economist Joe Kolko revealed the latest findings from their Housing Barometer. Kolko’s findings are that the recovery has entered a new phase as mortgage rates rise and inventory expands. While prices and existing-home sales are nearing normal, new construction and sales are far from their pre-bust peak. Forbes
Housing Recovery in Phase 3, Market 64% Back To Normal Read More
A bankrupt Wheeler Rental and Mobile Home Sales have about a dozen customers hopping mad, with some demanding criminal charges. Oklahoma City’s KFOR told MHProNews that Jerry and Lisa White signed a check to Wheeler to purchase a bigger home for the three grandchildren they adopted. “We want to make
Criminal charges demanded against bankrupt MH Dealer Read More
CNN Money tells MHProNews that volatility is back in the market for the foreseeable future. Potential good news abounds, such as the revelation that Chinese made Google Moto X smartphone could be made in the U.S., not for $50 or $100 more per phone, but for a mere $ 3.50
Volatility Returns, Dow Crawls Back Read More
The National Modular Housing Council (NMHC) reports that actual shipments of 3,838 new modular homes occurred in the second quarter of 2013, up 10.6 percent from the same quarter in 2012. Relative to Q2 2012, state shipment results for the second quarter of 2013 showed increases for 22 states and
Modular Shipments continue to Rise Read More
Chino Valley, Arizona launched a home repair program for low-income residents. The town joined other nearby locations in AZ, said planner Ruth Mayday, who oversaw a similar program for the town of Prescott Valley. “We have to serve the population that the state of Arizona tells us in terms of
House and Manufactured Home Repair Program for Low Income Underway Read More
Norwich University and Middlebury College will co-host a send-off event for their student-teams competing in October in the international U.S. Department of Energy Solar Decathlon in Irvine, California. Governor Peter Shumlin will be the keynote speaker at the Statehouse event in Montpelier on Tuesday, Sept. 10. Norwich University President Richard
Governor to grace Solar Decathlon team send off Read More
Lenddo, Kabbage and Kreditech are among the companies that use Facebook, PayPal, eBay or Amazon to determine if people without traditional FICO scores may be credit worthy. CNN Money tells MHProNews that some of these start ups are finding that while traditional lenders steer clear of no/low credit score customers, that social
Can Social Networks Impact Credit Scores? Read More
Ingenia (ASX:INA) purchased two immediately earnings-accretive Manufactured Home communities in Mudgee, New South Wales, for $11.2 million. The Mudgee Valley MHC will be acquired for $4 million, which has an 8.8% trailing yield, and unlevered internal rate of return (IRR) exceeding 20%. The second purchase is the Mudgee Tourist and Van
Ingenia announces buy of two ‘down under’ MHCs Read More
Gold and oil rose, as stocks slid for the last two days and for 8 out of the last 10 sessions. CNN Money tells MHProNews that issues such as a possible U.S. attack on Syria, ObamaCare’s increasingly obvious impact on business, the looming federal debt ceiling/CR and jitters over the
Syria, ObamaCare, CR and FED jitters continue to fuel Dow’s slide Read More
One of the eight 2013 Research and Design award selections by Architect Magazine in the ecoMOD Project was from the University of Virginia (UVa). The home was chosen as an example for “low-impact, energy-efficient housing units.” The ecoMOD Project aims at sustainable residential design for low- to moderate-levels, using prefab
Architect dubs UVa ecoMOD project selection a winner Read More
Sounding off in the respected Huffington-Post, Wake Forest Law School Professor Tanya Marsh writes that: “First, the mega banks are just fine.”…”Second, community banks are definitely not fine.” and “Third, consumers are the big losers.” Marsh states that “In the second quarter of 2013, Bank of America saw a 63% increase in
