Investment firm Alceon has acquired the Oaklands Village Manufactured Home Estate in Wollongong, New South Wales, on the southeast coast of Australia, for $13.4 million. Sold by the Oaklands Village Trust, the community has 258 home sites and is located just south of Sydney, Australia, according to theaustralian.com. As MHProNews …
Australian Manufactured Home Community Changes Hands Read More
In 2012 Iowa retailers ordered 271 HUD Code manufactured homes, well below the years from 1964 to 1982 and 1988 to 2002 when orders ran over 1000 annually, but 28 percent higher than the 212 ordered in 2011, according to Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association. …
Following a story MHProNews posted yesterday, June 25, concerning the former Hilltop manufactured housing community in State College, Penn. that a builder wants to develop into student housing, the College Township Council rejected the request. Despite a modified proposal from the developer, Ind.-based Trinitas Ventures, which offered a plan that …
Rezoning Request for Former Manufactured Housing Community Denied Read More
Chicago-based real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (NYSE:ELS) announces its board of directors has declared a two-for-one split of the company’s common stock. The stock dividend will be payable July 15, 2013 to shareholders of record as of July 5, 2013. According to wsj.com, the number of …
Sam Zell’s Equity LifeStyle Properties Declares Stock Split Read More
A Shannon, North Carolina man has been charged with defrauding 45 people of $437,702 by not delivering manufactured homes they had purchased, and is in jail under a $800,000 secured bond. Bradley Malcolm McMillian, 38, is facing two counts of obtaining more than $100,000 worth of property by false pretense, …
Fraud Charges Levied against Manufactured Home Seller Read More
A four-acre site occupied by a manufacturing plant that closed in 1990 and now owned by the Carthage Industrial Development Corp. (CIDC) in Carthage, New York is set for six homes to be built by Thousand Islands Area Habitat for Humanity. In collaboration with the village of Carthage and the …
The measure of consumer confidence rose to its highest level since 2008, and a positive report on durable goods as well as from the housing market spurred U. S. stocks upward, as the Dow regained 100 points following losses in recent days. CNNMoney reports the Dow Jones Industrial Average gained …
Major Three Indexes Gain, Housing Stocks Close Mixed Read More
MHProNews last posted a story May 23, 2013 concerning the closing of a land lease community in State College, Penn. in which the owners were sued for not reimbursing homeowners according to state law, and were ordered to pay. The land has now been sold to Trinitas Ventures, which intends …
Student Housing Planned to Replace Manufactured Housing Community Read More
New home sales rose 2.1 percent in May over April, according to Commerce Dept. figures, the highest rate since 2008. The S&P Case Shiller home price index (HPI) of existing homes rose 12.1 per cent from last year, the best rate in seven years, according to what David Blitzer of …
The Midland Independent School District (MISD) in Midland, Tex. is a step closer to deciding where to site the manufactured homes it will be acquiring to house staff. At a special meeting tonight, June 25, board members may decide whether to site the homes on the grounds of an unused …
Midland School District may Vote on Manufactured Homes Tonight Read More
Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, …
A new modular transportable cabin has been developed in a range of five designs in Australia. Measuring 29 feet X 12.5 feet, the steel-framed Affordable Portable (AP for short) costs $61,000 and is comprised of two modules. The dwelling includes a fold-down and a loft bed, is fully wired and …
A shortage of skilled trades workers combined with tight credit and lack of available finished lots may slow the housing market rebound, according to Fitch Ratings, although the only likely downside is a longer construction timeline. Prior to the Great Recession, over eight million construction workers were employed, but according …
Shortage of Skilled Tradespeople may Slow Recovery Read More
U. S. stocks plunged on news of a large drop in the Chinese stock market as well as lingering concerns about the tapering of the stimulus by the Federal Reserve, regaining some lost ground in the afternoon but still ending one percent down. CNNMoney reports the Dow Jones Industrial Average …
Plunging Indexes Draw Tracked Housing Stocks Down also Read More
A humanitarian solutions company for refugees of the Syrian conflict has built 1,000 modular homes, in addition to modular schools, hospitals and mosques on the border with Turkey. Modular and Mobile Solutions of Ras Al Khaimah, an emirate that is part of the United Arab Emirates (UAE) located on the …
Shortages of building materials may be significant in holding holding back a more robust return of the housing market, says the National Association of Home Builders (NAHB) Chief Economist David Crowe. According to a builders survey, 22 percent reported short supplies of oriented strand board (OSB), 20 percent said wall …
Real estate activity is ramping up in Eugene, Ore. as low inventory is producing multiple offers, and in some case bidding wars, driving prices up, especially on homes under $250,000. Carol John bought a three-bedroom home in 2010 for $283,000. As her investments soured during the recession and she wanted …
Former Site-built Homeowner moves to Manufactured Home Read More
Former beauty queen and one time manufactured home dealer JoLeigh Ares, doing business as Park Girl Sales LLC in the Rio Grande Valley area of Tex., has racked up an alleged 89 claims against her now bankrupt business totaling $2.9 million. The brownsvilleherald reports $1.5 million of the total is …
Manufactured Home Retailer, Facing Multiple Fraud Charges, Opens New Business Read More
The Veterans Administration (VA) Home Loan allows qualified veterans the opportunity to purchase a home, including a manufactured home, with or without a site, or to buy and improve a site, with no down payment. Although the veteran is required to live in the house, the borrower’s spouse also satisfies …
Veterans Administration Offers Manufactured Home Loans Read More
Honoring the centennial of America’s first paved transcontinental road, the Lincoln Highway, convoys representing a variety and age of motorized vehicles will set out both from Times Square in NYC and San Francisco to meet at the Great Platte River Arch Museum in Kearney, Nebraska. Joining the trek will be …
