A new report from the National Association of Realtors (NAR), shows that home sales numbers are projected to grow this year, but at the expense of affordability. According to the M Report, existing home sales could expand 1.7 percent in 2017, even though homebuyers at many income levels could see …
At a recent Ronda, North Carolina Board of Commissioners meeting, guest speakers had a lot to say, dominating the entire first half hour. According to the Elkin Tribune, the issues were around Ronda’s Mobile Home Resolution and Shady Hill Mobile Home Park. David Yelverton and Shannon Neal, potential purchasers of …
All U. S. stock markets are closed today in observance of President’s Day, which is celebrated the third Monday of February each year, paying tribute to our first president, George Washington. Abraham Lincoln was born in February, and thus the holiday honors him as well. Among the top ten quotes …
A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. Manufactured, modular and prefabricated home …
In Utah, the relationship between manufactured home community owners and residents has been a long-standing, and well known battle. But recently, what some on both sides are calling “a miracle” has taken place. According to the Salt Lake Tribune, those who support resident and community owner rights have joined forces …
In Vancouver, the city has unveiled its latest tool in the effort to end homelessness and increase affordable housing options: modular housing. According to The Tyee, Vancouver Mayor Gregor Robertson, federal minister Jean-Yves Duclos, and Vancouver Affordable Housing Association’s interim CEO Luke Harrison officially opened 220 Terminal Avenue this week, …
Almost one month into the Donald Trump administration, things continue to look up. According to the National Federal of Independent Business (NFIB) survey, small business confidence, which saw the largest month-over-month increase in the survey’s history in December, has now reached its highest point in more than a decade. …
Killam Apartment REIT (TSX: KMP.UN) has reported its financial results for the fourth quarter and year ended December 31, 2016. Killam generated funds from of operations (FFO) per unit of $0.21 in Q4 2016, a 5.0 percent increase over Q4 2015. Similar to the results for the year, growth was …
In Midway City, California, American Family Housing and GrowthPoint Structures have come to the rescue to help house the area’s homeless veterans. Potter’s Lane, which consists of 16 studio-apartment units refurbished from cargo containers, is said to be the first example in the nation of a multi-unit permanent housing complex …
Senator Ted Cruz (R-TX) and Rep. John Ratcliffe (R-TX) put forth legislation on Tuesday to abolish the Consumer Financial Protection Bureau (CFPB). “This legislation would give Congress the opportunity to free consumers and small businesses from the CFPB’s regulatory blockades and financial activism, which stunt economic growth,” said Cruz. The …
Vesta Modular and Housing Solutions Inc., a portfolio company of Birmingham-based Simon Group Holdings, has purchased Salt Lake City-based M Space Holdings LLC out of bankruptcy for $15.3 million. In a story the Daily Business News originally covered last year, M Space filed for bankruptcy in May 2016, blaming the …
After a strange four-year saga, a very unique prefab is finally getting a “home”. According to Curbed, Aluminaire House, the 1931 modernist home designed by Albert Frey and A. Lawrence Kocher, was the subject of a heated fight between Queens, New York preservationists and two architects several years ago. During that …
Landmarkers send Aluminaire House Packing from NY to CA Read More
First State Manufactured Housing Association (FSMHA) tells MHProNews that applications for its four scholarship awards of up to $1,000 are due by 4:30 pm, Monday, March 6th. To qualify, candidates must be legal residents of Delaware and residents of a manufactured home for at least one year prior to the …
In a story that we first covered last week, San Antonio Federal Credit Union (SACU)/CU Factory Built Lending (CUFBL)/Mountainside Financial tells MHProNews that they have changed their name to Credit Human Federal Credit Union. The change of name better reflects the credit union’s commitment to improving the lives of those …
A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. Manufactured, modular and prefabricated home …
In a story that MHProNews covered first in manufactured housing, Jim Clayton, Founder and Chairman of Clayton Bank and Clayton Homes, confirmed the “merger” of Clayton Bank and Trust and American City Bank (collectively “Clayton Banks”) and FB Financial Corporation (NYSE: FBK), in a deal valued at $284.2 million. This …
Jim Clayton Exclusive on Clayton Bank/FirstBank Merger to MHProNews Read More
In a release to MHProNews, Security Mortgage Group’s Managing Director, Gerard D. DiMarco, Jr. informs the manufactured housing industry’s Daily Business News that the firm has secured 30 million dollars in lending for new and existing clients. As regular readers of the Daily Business News know, Security Mortgage Group is a four-time …
January Manufactured Home Community Loans, 30 Million Dollars by Security Mortgage Group Read More
Washington, D.C., February 9, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, at a Federal Housing Finance Agency (FHFA) “listening session” in Washington, D.C. on February 8, 2017, President and CEO Mark Weiss reiterated and underscored previous remarks by MHARR representatives. Weiss asserted that the …
MHARR to FHFA: Duty to Serve Requires Material and Expedited Support for MH Chattel Loans Read More
MHProNews has been told by an informed source that an announcement for a change is coming with a manufactured housing industry connected lender. That announcement, our source says off-the-record, will be coming as soon as Monday. This comes on the heels of another announcement, that Clayton Bank could be acquired …
LCI Industries (NYSE: LCII), formerly Drew Industries, reported earnings for Q4 2016 and year-end today. Consolidated net sales in the fourth quarter of 2016 were $403 million, 21 percent higher than Q4 2015 net sales of $334 million. Net income was $26.3 million, or $1.05 per diluted share, for the …
