Since 1969, the Federal Housing Administration’s (FHA) Title 1 program has insured mortgage loans made by private lending firms to finance the purchase of new or used manufactured homes (MH), designed to increase the availability of MH financing. In a draft of the Title I section of its Single Family …
Comment Period Open Regarding Title 1 FHA Handbook Read More
MHProNews has been informed by the RV/MH Heritage Foundation that Sally Miener has been chosen as vice president of marketing and development for the non-profit, according to CEO and president of the foundation, Darryl Searer. Miener has more than 24 years experience in a variety of management positions with Continental …
Sally Miener Joins RV/MH Heritage Foundation as Vice President Marketing Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease …
Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More
According to Neal Gabler, writing an article entitled The Secret Shame of Middle-class Americans in the May issue of The Atlantic, a Federal Reserve study from a year ago reports that nearly half of Americans would be hard-pressed to come up with $400 in an emergency—and he includes himself in …
As More People Live on the Edge, Payday Lenders Provide Valuable Service Read More
Rick Cantu, of Emerald Acres Cooperative, one of 119 resident-owned manufactured home communities in New Hampshire, was honored by ROC-NH’s (resident-owned communities-New Hampshire) Co-ops Celebrating Community for his outstanding volunteer work in his community, receiving the Above and Beyond award. He was nominated by his neighbors, one of whom wrote: …
Manufactured Housing Co-operative Member Honored for Outstanding Community Service Read More
Despite continuing inventory, affordability and student loan hindrances to homeownership, the National Association of Realtors (NAR) predicts 2016 will be the strongest year for existing home sales since 2006. Lawrence Yun, the NAR’s chief economist, speaking at the association’s Legislative Meeting,predicts pre-owned home sales will hit 5.4 million this year, …
NAR Forecasts Strong Existing Home Sales in 2016, Calls for more Starter Homes Read More
In the news from CNNMoney: McDonald’s testing fresh beef hamburgers at select outlets in Texas. Alcohol sales fall for first time in 20 years. Subaru tells drivers of recalled autos: stop driving now. Just ahead of the Olympics: Can a new president save Brazil’s crippled economy. Nissan to spend $2.2 …
Patrick Industries Outperforms other MH-Related Stocks Read More
Following a story MHProNews posted May 11, 2016 regarding manufactured home community (MHC) owner NorthStar Realty Finance Corp., costar reports NorthStar is selling its portfolio of 135 manufactured home communities to a fund managed by Brookfield Asset Management Inc. for $2.04 billion, 33,010 home sites, the equivalent of $61,800 per …
NorthStar Selling Manufactured Home Community Portfolio for $2.04B Read More
A United States District Court jury awarded the owner of Colony Cove manufactured home community (MHC) $3.3 million in damages against the city of Carson, California for violating his constitutional rights by repeatedly rejecting his proposed rent increases going back to 2006. According to dailybreeze, owner James Goldstein, the largest …
Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC Read More
Following a story MHProNews last reported Feb. 25, 2016, Vancouver, British Columbia, Canada will soon be witnessing the arrival of modular housing units, each 250 square feet, for homeless singles and families. The city has pinpointed two sites for the homes. One site will accommodate 40-80 micro units, each with …
Vancouver Chooses Sites for Modular Homes for Homeless Read More
MHProNews has learned that one of the United Kingdom’s largest construction companies will build a factory next to its existing manufacturing facility, Explore Industrial Park in Steetley, Worksop, Engalnd for the construction of modular homes. Laing O’Rourke’s current state-of-the-art site produces components used in homes it builds across London and …
Modular Homes being Promoted in UK by Builders and the Government Read More
In the news from CNNMoney: Is Facebook protected under the First Amendment? Trump is a ‘rain doctor’ during a drought. Google is worth more than Apple. Political fear is paralyzing investors. Defense stocks near all time high. Europe’s banks too scared to deal with Iran. Obamacare insurance premiums may rise …
Owner of MHCs Carlyle Group Outshines other Stocks, Gains Nearly Four percent Read More
Following a story MHProNews last posted May 5, 2016 regarding the wildfires that have engulfed Fort McMurray in Alberta, Canada, forcing the evacuation of 90,000 residents and destroying ten percent of the city, Mayor Melissa Blake said the first priority is to get temporary housing so the shuttered oil companies …
Officials in Alberta’s Fire-whipped Fort McMurray Considering Modular Homes Read More
San Jose, California led 119 of the 340 metro housing markets nationwide in returning to or exceeding their last normal levels of economic and housing activity in Q1 2016. The markets are gauged by measuring the averages of housing permits, price and employment levels for the past 12 months, and …
U. S. Housing and Economic Progress is Making Haste Slowly Read More
Employing 2,142 team members from 10 supply operations and seven home building facilities in Alabama, as well as having built 5,734 homes in the state, manufactured home builder Clayton Homes will host its very first Birmingham Home Show May 17-19, 2016, at the Birmingham-Jefferson Convention Complex. Showcasing 27 homes, Keith …
Following a story MHProNews last posted May 7, 2016 regarding the purported bankruptcy of Innovative Building Systems (IBS) and the subsequent closing of subsidiary Keiser Homes in Oxford, Maine, richmond reports from Rocky Mount, Virginia that IBS-owned Mod-U-Kraf and Excel Homes has also closed here, idling up to 219 workers, …
Innovative Building Systems Closing; Champion may Pick up the Pieces Read More
In the news from CNNMoney: Walmart sues Visa over chip debit card rules. Volkswagen probe clears top executives. Oil tycoon T. Boone Pickens would prevent Muslims from coming to the U. S. until they are vetted. A fight club for giant robots is in the works. Macy’s is in serious …
With a focus on people who cannot qualify for a mortgage, especially low-income families who have been denied bank lending, a revival in seller-financed home sales has attracted the attention of the Consumer Financial Protection Bureau (CFPB) because of concern some of the dealings may violate federal truth-in-lending laws. One …
MHProNews has learned that Colony Capital Inc., a Los Angeles-based international investment and asset management firm, is negotiating to acquire NorthStar Asset Management Group, Inc. which split off from NorthStar Realty nearly two years ago, resulting in the decline of both stocks. NorthStar Realty is a real estate investment trust …
NorthStar Spinning off Manufactured Home Community Portfolio Read More
In the wake of UMH Properties, Inc. solid first quarter, the company plans to add 700-800 rental homes in fiscal year 2016, saying, “Our strong Q1 results represent an excellent start to 2016 that we intend to build upon going forward,” according to thefly. As MHProNews reported May 9, 2016, …
