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.
Yahoo! Finance reports The New York Times says in a poll conducted in conjunction with CBS News that nine out of ten Americans still think of home ownership as an important part of the American Dream. As for improving the housing market, 45 percent say the government should be doing […]
Americans Still Place High Value on Home Ownership Read More
PR Newswire says UMH Properties, Inc. (NYSE Amex: UMH) has added three manufactured home communities in Tennessee to its portfolio. The 693 home sites on 209 acres cost $13,300,000. UMH now owns 38 manufactured home communities comprising 8,744 home sites in Tennessee, New York, Pennsylvania, Ohio and New Jersey. This
UMH Adds Three MH Communities to its Roster Read More
Reuters reports that Sun Communities, Inc., of Southfield, Michigan, whose portfolio includes 155 communities and 53,500 sites, acquired 17 manufactured home communities and one RV community from Kentland Corporation of Grand Rapids, MI for $142.3 million. The 18 communities are in western Michigan and include 5,042 manufactured home sites and
Land Lease Community Ownership Conglomerates Again Read More
RealEstateRama says Thayer Long, CEO and president of the Manufactured Housing Institute (MHI), refuted charges by IBIS World Inc., that manufactured housing is a dying industry. While noting the pace of new manufactured homes sales has declined 57 percent in the last five years, the comparable statistic for new single-family
Thayer Long Responds to IBIS World’s Dire Predictions Read More
The Minot Daily News reports from Minot, North Dakota, that hundreds of manufactured homes were not able to be moved before the raging Souris River overflowed the levees. Wayne Aga, who moves these homes for a living, says he transported 14 in the two days before the flood, and could
Flooding Ravages North Dakota MH Communities Read More
Bloomberg reports shipment of manufactured housing in April fell to a seasonally-adjusted annual rate of 46,000 from 47,000 from March, according to the Census Bureau. The average sales price fell from $59,300 to $56,800 in April. The seasonally-adjusted dealer inventory remained steady at 22,000, while placements dropped from 43,000 to
MH Shipments Drop in April Read More
The Dow gained 72.73 points to close at 12,261.42 as bank stocks pulled the overall market up. The Manufactured Housing Composite fell .61 percent to end the day at 1122.90. Housing stocks closed mixed. ELS gained .64 percent, Cavco was up .63 percent and Sun Communities climbed .35 percent. Nobility
Dow Steadily Climbs, Housing Stocks Mixed Read More
The Charlotte Observer reports from North Carolina that Universal Forest Products, Inc., will hire 49 workers upon opening a second facility in Salisbury, NC. With $80,000 in state grant money, this manufacturer of wood and wood-alternative products for the manufactured housing, retail and construction markets will invest $2.6 million over
MH Component Producer Expanding Operations Read More
HousingWire reports the National Association of Realtors (NAR) says pending home sales rose above year-ago levels for the first time since April 2010, increasing 8.2 percent in May. April 2011 pending sales had decreased 11.6 percent over March, and were down 26.5 percent over April 2010. The NAR’s pending home
Previously Owned Home Sales Spike in May Read More
Jason Boehlert at MHI has informed MHMSM.com that the complete final SAFE Act rule is about to be published. The rule will not officially be released in the Federal Register until tomorrow. Deborah Robertson of McGlinchey-Stafford is in the process of compiling a detailed analysis and interpretation of the final
SAFE Act Final Rule Available For Download Read More
The Ironton Tribune in southern Ohio reports that a computer glitch caused owners of manufactured homes to receive a tax bill for the first half of the year for a second time instead of a bill for the final six months of 2011. The tax bills for manufactured homes are
Computer Error Sends Incorrect Tax Bill to MH Owners Read More
The Statesman Journal reports from Salem, Oregon, that Palm Harbor Homes is supplying the Oregon State Fairgrounds with 25 small modular homes to comprise the Oregon Youth Village, replacing a series of dormitories that were structurally unsound. State law requires the State Fair to house 4H and Future Farmers of
Palm Harbor Supplies State Fair with Modular Homes Read More
MHMSM.com has learned that Chicago-based private equity real estate investment firm Green Courte Partners LLC has named Keith Balowek Managing Director, Parking Acquisitions. With 30 years real estate experience in a number of private and public companies, Mr. Balowek was involved in the acquisition of more than $500 million parking
New Manager Joins LLC Owner Green Courte Partners Read More
The Dow rose 1.21 percent on news of home prices rising in April for the first time in nine months to close at 12,188.69, as some housing stocks gained nicely. The Manufactured Housing Composite rose 2.83 percent to close at 1129.70. Nobility Homes spiked up 9.83 percent, Cavco Industries gained
Dow Responds to Positive Housing News, Housing Stocks Close Mixed Read More
A Capital Needs study by the U.S. Department of Housing and Urban Development (HUD) says nearly $26 billion is needed for large scale repairs for the nation’s 1.2 million public housing units. The homes need to be updated in terms of accessibility for disabled residents, plumbing and electrical efficiency, roof
Public Housing in U. S. Needs Major Overhaul Read More
From Florida, Treasure Coast Palm reports that the Joint Center for Housing Studies at Harvard University says that as the burden of taking care of older and larger homes with large lawns weighs on seniors and aging boomers, they will be seeking single-level homes with better access to shopping, transportation
Seniors and Grandchildren Competing for Housing? Read More
The Edmonton Sun reports from Alberta, Canada that modular homes are beginning to replace the 374 homes that were destroyed by a wildfire May 15 in Slave Lake, Alberta, displacing over 7,000 people. Mayor Karina Pillay-Kinnee says she anticipates the town that was 30 percent destroyed will eventually have 400
Modular Homes to Replace Burned Out Houses Read More
The Louisville Courier-Journal says a Wall Street Journal analysis of mortgage banking in Kentucky shows people had more trouble getting financing in 2010 than in other states. Adam Hall, president of the Mortgage Bankers Association of Kentucky says part of the reason in the rural areas is the existence of
Study Shows Tighter Lending Restrictions in Kentucky Read More
The Bethlehem Patch reports from Bethlehem, Pennsylvania, that an 11.8 acre lot may soon be home to 59 manufactured homes, 132 parking spaces and a basketball court called Applebutter Village. The developer was granted an extension to July 14 by the Bethlehem Planning Commission to address concerns relating to visitor
New MH Community on Drawing Board in PA Read More
Following up on a story we published here June 21 concerning a federal sprinkler standard in manufactured housing, the Manufactured Housing Authority for Regulatory Reform (MHARR) reports the issue has been tabled. The Manufactured Housing Institute (MHI) amended their “where required” sprinkler system proposal to “not required” June 17. During
Federal Sprinkler Standard Issue Tabled Read More
