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.
According to the nypost, New York City has chosen a three-story, three-unit emergency modular housing prototype, complete with balconies, to be sited next to the Office of Emergency Management in Brooklyn. The upper two floors are 822 square-foot, three-bedroom units with a 480 square-foot handicap accessible apartment on the first […]
Modulars will be Equipped, Shipped and Clipped Together Read More
According to what multihousingnews tells MHProNews, Jonathan McClellan and Kyle Baskin of Marcus & Millichap Real Estate Investment Services have been named senior directors of the company’s National Manufactured Housing Group. Since joining the Cleveland, Ohio firm in 2006, McClellan has closed on 48 transactions totaling over $148.5 million, according
Marcus and Millichap Promotes Two Read More
As follow-up to a story we posted April 18, 2013 concerning property tax rates in Iowa, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews if SF 295 passes, property taxes on land lease communities will fall. The current rate is 100 percent of assessed value. With passage,
Iowa Measure will Reduce MH Property Taxes Read More
NewsChannel34 reports the city of Binghamton, New York partnered with city, state and private sources to acquire and demolish four blighted homes and replace them with three affordable, energy-efficient, single-family modular homes at a cost of $700,000. Community housing developer First Ward Action Council’s (FWAC) Executive Director Jerry Willard says,
Three New Modular Homes Coming Read More
MyMotherLode tells MHProNews Columbia Mobile Home Park in Columbia, Calif. east of San Francisco, may lose its water and sewer service June 5 unless a $17,884.35 overdue bill is paid. A notice to that effect was posted May 21 at the community which has 63 homesites, 13 of which are
Water Set to be Shut Off Read More
KnoxNews informs MHProNews Miss Kay and Phil Robertson, stars of the A&E reality TV show “Duck Dynasty” have signed an agreement, along with Phil’s brother, Si, to do a series of commercials promoting Clayton Homes. “What do I know about Clayton Homes?” Phil Robertson asked. “I know they’re built right
Clayton Hires Reality Stars for TV Spots Read More
According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further
Immigration Reform Could be Boon to Housing Industry Read More
Investors, hearing that the Federal Reserve may continue its Quantitative Easing policy, sent the Dow and the S&P to new highs during today’s trading session. CNNMoney reports the Dow Jones Industrial Average gained +0.34 percent, +52.3 points, to close the day at 15,387.58. The Nasdaq advanced +0.16 percent, +5.69 points,
Dow and S&P Hit New Highs; Tracked Housing Stocks Mixed Read More
As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet:
Cavco to Announce Quarterly Earnings Report Read More
MHProNews has learned from The Jerusalem Post the 50 families forcibly removed from the Migron outpost in the West Bank of Israel due to a ruling by the Israeli High Court of Justice have been relocated to modular homes a mile and-a-half away. The court ruled the land belonged to
Settlers Moved to Modular Homes Read More
According to gwdtoday, the Greenwood City Council in Greenwood, South Carolina unanimously approved the rezoning of property along Beadle Ave. from R7 (high-density residential) to RM7 (high-density residential manufactured housing). The owner of the property intends to place modular homes on the site. Several members of the council noted it
Zoning Changed to Allow MODs Read More
Ahead of official forecasts by the National Association of Realtors (NAR) and the Commerce Dept., nationalmortgagenews informs MHProNews a survey of economists by Bloomberg reports new and existing home sales rose to a seasonally-adjusted-annual-rate (SAAR) of 5.41 million in April. This marks the highest number since Nov. 2009 when the
Housing Economists Project Positive News Read More
Following up on a story MHProNews last posted Feb. 15, 2013, concerning a temporary moratorium on the siting of manufactured homes in Magnolia, Ark., magnoliareporter says the Magnolia Planning Commission will continue its discussion at its next meeting. While current regulations require a 65-foot minimum width for siting a manufactured
Planning Commission Still Considering MH Siting Ordinance Read More
Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900
MHC Owner Busy Selling Homes Read More
Investors backed off from the market today as they await the testimony before Congress of Federal Reserve officials, including Chairman Ben Bernanke, this Wednesday, May 22. CNNMoney reports the Dow Jones Industrial Average slid -0.12 percent, -19.12 points, to close the day at 15,335.28. The Nasdaq lost -0.07 percent, -2.54
Quiet Market Day; Tracked Housing Stocks Move Little Read More
As the postandcourier informs MHProNews, modular homes have been slow to catch on in the Charleston, South Carolina area, although there are pockets in the city that have them, most notably north Charleston-based, Hunley Waters, which is all modular homes. Supplied by Nationwide Homes in Martinsville, Vir., the dwellings are
Charleston Slowly Building Modular Homes Read More
The nationalmortgagenews reports in a survey of credit unions responding to the QM Rule issued by the Consumer Financial Protection Bureau (CFPB), 44 percent say they will no longer originate non-qualified mortgages and another 44 percent will reduce originations. In the survey conducted by the National Association of Federal Credit
Credit Unions to Reduce Lending Read More
The tri-cityherald informs MHProNews the Clover Leaf land lease community in Kennewick, Wash. was sold in February, 2013 to BW Land which is developing the 22 acres into a waterfront of shops, condos, and hotels. BW sent out eviction notices to residents, giving them 30 days to move, but retracted
Community Closed for Waterfront Development Read More
The postandcourier reports from Ladson, South Carolina, Equity Homes salesman Allen Croft recalls in 1997 the company sold 986 new homes, but changed its business model as sales declined and now sells only refurbished homes. Although the majority of the firm’s homes come from auctions, 37 percent are from individual
Dealer Switches to Refurbished Homes Read More
According to what 4-traders tells MHProNews, Sun Communities, Inc. has secured a $350 million revolving line of credit with the option for an additional $250 million. The secured loan has a four-year term but can be extended for an additional year. Interest on the loan is floating, and can range
Sun Secures Line of Credit Read More
