Despite the 3.3 percent drop in new home sales in February, consumer confidence rose to its highest level in six years, and took the three major indexes with it. The Dow Jones Industrial Average rose 91.19 points, +0.56 percent, to close at 16,367.88, while the Nasdaq advanced +7.88 points, +0.19 …
Patrick Advances, Skyline Slips, Dow Gains nearly 100 Points Read More
According to The Wall Street Journal, private research group Conference Board reported its index of consumer confidence, which measures how consumers feel abut the future of the economy, rose to 82.3 percent in March from 78.3 percent in February, bettering the 78.6 percent economists expected for this month. Although the …
Writing in gazette.com, Bill Radford traces the recent history of manufactured housing as a run up to buying a manufactured home (MH) in a rural area east of Colorado Springs for him and his wife. Noting the industry has come a long way since the Department of Housing and Urban …
Writer Content with Manufactured Home in Rural Colorado Read More
Toronto-based Tricon Capital Group, Inc. (TCN), which bought 3,500 rental units in the U. S. following the housing meltdown, is now seeking to invest up to $670 million (US) in manufactured home communities (MHCs) in Florida, California and Arizona, reports businessweek.com. Chief Operating Officer (COO) Gary Berman says, “If you …
Canadian Firm Seeking Manufactured Home Communities Read More
Capitola, California city officials propose to apply for $500,000 in community block grant funds from the state for first-time homebuyer assistance and housing rehabilitation, enough for three years of loans, staff time and the cost of administering the program by the Housing Authority of Santa Cruz County. As santacruzsentinel.com reports, …
Updating a story MHProNews.com last published March 19, 2014, regarding a Michigan state legislator’s bill that would give cities more oversight of manufactured housing communities (MHCs), Rep. Andy Schor has been communicating with community owners, residents and local officials, and intends to introduce the legislation in mid-April. Referencing the Life …
More Oversight Sought for Manufactured Home Communities Read More
A bill by Senate Banking Committee leaders to overhaul the housing finance system may reduce access to the mortgage market for minorities and those with lesser means, according to a handful of housing advocacy groups. In a joint press release, the organizations allege the new legislation would make mortgages more …
Reform Legislation may Limit Access to Mortgage Market Read More
Internet stocks weighed down the market today, as the Nasdaq fell over two percent but managed to recover some of the lost ground to finally close at -1.18 percent, -50.40 points, ending at 4,226.39. The Dow Jones Industrial Average ended the day down -26.08 points, -0.16 percent, to close at …
Third Avenue Value Fund only Tracked Stock to Gain Read More
Updating a story from March 20, 2014 regarding the shortage of housing in Estevan, Saskatchewan, Canada due to the Bakken oil field drilling just south of the border in North Dakota, the 15-unit CanStay Motel complex is made of 40′ shipping containers converted into modular bachelor units. According to cbc.ca/news, …
MHProNews.com has learned from brandonsun.com, the Canada Mortgage and Housing Corporation has awarded the contract to build seven new modular houses for the Sioux Valley Dakota Nation to Home Hardware in Virden, Manitoba, Canada. Instead of nails and wood, the homes will be structural thermal energy efficient panels (STEEP), materials …
A five-foot patch of soil sank from the weight of a crane lifting half of a modular home into place in Marathon, Florida on the Florida Keys. According to keysnet.com, one section of the three-bedroom, two-bath home crushed a boat on adjacent property as it tipped half way over. No …
A section of a report issued by the Wappingers Central School District in Wappinger Falls, New York recommends the closing of several schools and facilities, as well as reconfiguring the student makeup of others, reports the poughkeepsiejournal.com, requiring the movement of students and resources. Several parents are questioning the abruptness …
Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As marketwatch.com reports, senior management will discuss the results, current market conditions and the future. UMH is a …
The North Dakota Housing Finance Agency (NDHFA) presented Champion Home Builders the Champions of Affordable Housing Award for its modular townhome development, Wolf Run Village, in Watford City, ND, as MHProNews.com has learned. The award was presented at the 23rd annual Statewide Housing Conference on February 27, 2014 to the …
Doug Gorman, President of Home-Mart, Inc. in Tulsa, Oklahoma and Lois Starkey, Manufactured Housing Institute (MHI) Vice President of Regulatory Affairs, attended the March 11th White House Green Mortgage Roundtable. Focusing on renewable energy underwriting issues, especially related to the FHA (Federal Housing Administration) Energy Efficient Mortgage and other FHA …
MH Industry Execs attend Mortgage Roundtable at White House Read More
The Dow Jones Industrial Average went on a bumpy ride downhill after rising above 16,450 in late morning, falling steadily throughout the afternoon to end the week at 16,302.70, losing -28.35 points, nudging down -0.17 percent, according to CNNMoney. The Nasdaq dropped -42.50 points, -0.98 percent, to finish at 4,276.79, …
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market …
Aiming to adopt an new ordinance governing manufactured homes (MH), the Washington Parish Planning Commission in Bogalusa, Louisiana were given a history lesson of the industry by Lenny Kopowski, director of government affairs for the Louisiana Manufactured Housing Commission (LMHC), including required stickers, labels and registrations. The 1994 wind zone …
Parish Planning Commission hears from Manufactured Housing Commission Read More
MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in …
The National Association of Realtors (NAR) reports total existing home sales—single-family, townhomes, condos and co-ops–fell 0.4 percent in Feb. to a seasonally annual adjusted rate (SAAR) of 4.60 million, down from 4.62 million in January. Lawrence Yun, NAR Chief Economist, suggests the severe winter weather likely contributed to the drop. …
NAR Survey: Home Sales Down, Home Prices Up, Student Debt a Hindrance Read More
