According to what Freddie Mac tells MHPrpNews in nationalmortgagenews, despite low wage growth this year, the housing market will reach its highest level in sales, housing starts and housing prices since 2006. It will be largely driven by interest rates that remain below four percent for a 30-year fixed rate, …
Freddie Mac Forecasts Best Year in Ten for Housing Industry Read More
In the news from CNNMoney: Gold is shining the most since 1986. U. S. economy adds 215,000 jobs in March, as unemployment rises to five percent. Anbang withdraws $14 billion offer for Starwood, leaving Marriott with the top bid to become the largest hotel chain in the world. Saudi prince …
Capital One Multifamily informs MHProNews that it arranged a $5.0 million Fannie Mae 30-year term fixed-rate loan to refinance the Napa Olympia Mobile Lodge in American Canyon, Calif. Marking their 11th Fannie Mae transaction with Capital One, the owners acquired the property in 2005 with a ground lease in place. …
Fannie Mae Funds $5M Refi of Napa Olympia MHC in Calif. Read More
Garfield Township, Michigan planning commissioners will hold a public hearing April 13 regarding Sun Communities, Inc.’s (NYSE:SUI) request to rezone two parcels of land from agricultural to manufactured home community. The 37-acre expansion south of King’s Court will provide home sites for 158 additional homes, according to what Bob Schmude …
Sun Communities Files to Expand King’s Court Manufactured Home Community Read More
As Warren Buffett’s Berkshire Hathaway approaches ten percent ownership in Wells Fargo & Co., mostly through several of Berkshire’s subsidiaries, he will have to pass a Federal Reserve review if he intends to acquire more than the 9.9 percent he currently controls, about 506 million shares valued at $24 billion, …
Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent Read More
Knoxville’s local8nowwvlt tells MHProNews that Jim Clayton, the founder of Clayton Homes donated $10,000 in a matching grant for students studying philanthropy at the University of Tennessee in Knoxville. The Haslam College of Business focuses on nonprofit leadership and social entrepreneurship to learn charitable giving. The students will distribute a …
Clayton Homes Father & Son Support Educational Efforts Read More
Following an unanimous vote by the Village Board of Trustees, Mayor Trevor Bissey of Clay City, Illinois announced the Clay City Residential Housing Incentive Program (RHIP), which will enable owners and developers wanting to build new homes or site modular homes in the Village, to utilize several property and sales …
Modular Home Development may Result from a Housing Incentive Program Read More
Tom Scott, the California Executive Director of the National Federation for Independent Business (NFIB), writing in ocregister, says President Obama’s choice for the Supreme Court, Merrick Garland, has a history of ruling against small business, siding overwhelmingly with regulators, labor unions, trial lawyers and environmental activists. Noting Judge Garland would …
Judge Garland has Ruled against Small Employers in the Past Read More
In the news from CNNMoney: Economic collapse worse than feared in Brazil. Puerto Rico might have to cut its minimum wage. Dow gains 1200 points in March. Standard & Poor says China will require more time than originally anticipated to implement economic reforms. Oil crunch has hurt defense budgets of …
Patrick Falls -6.49 Percent, while Skyline Advances +2.32 Percent Read More
MHProNews has learned from sussexpilot that Robotti Robert sold 6,025 shares of Cavco Industries, Inc. (CVCO), according to the most recent filing, and now holds 180,427 shares valued at $16.2 million. Cavco now comprises 6.77 percent of Robotti’s portfolio. Other hedge funds reported trading in Cavco stock include Parametric Portfolio …
The affordable housing state law Chapter 40B that requires ten percent of a municipality’s housing stock in Massachusetts to be considered affordable, does not now include manufactured homes (MH), even though the income eligibility of MH residents is met. Officials of Carver, MA are seeking an exemption from that rule …
Town Wants Exemption from Law that Disallows Manufactured Homes as Affordable Read More
MHProNews has learned from prnewswire that manufactured home community (MHC) owner UMH Properties, Inc. will release first quarter 2016 financial results after the market closes on Mon., May 9, 2016, followed by a conference call to discuss the results the next day, Tue., May 10 at 10:00 AM eastern standard …
In the news from CNNMoney: India would be delighted to take the extra oil being pumped by OPEC. Stocks hit highest level in 2016. Possible sabotage to oil pipelines in North Africa advancing prices. U. S. consumer spending rises, but income has fallen. Boeing is cutting 4,000 jobs. AP refutes …
Most MH-related Stocks quiet, but Patrick Gains +2.38 Percent Read More
MHProNews last posted a story Oct. 14, 2015 regarding FEMA manufactured homes (MH) arriving at Ellsworth Air Force Base in South Dakota, as a staging area to distribute them to flood victims from May 2015 storms on the Pine Ridge Indian Reservation. A major milestone has been reached with the …
100th Manufactured Home Sited on Pine Ridge Reservation Read More
Guy Lebida, owner and manager of the Bowdoin Pines Mh Park in Bowdoin, Maine, is running for the Maine Senate, District 23, representing Sagadahoc County and Dresden. A Republican, if elected he would focus on welfare reform, decreasing energy costs and lowering taxes, according to centralmaine. According to a news …
Land Lease Community Owner running for Maine Senate Read More
Several possibilities are being bandied about in an attempt to increase affordable housing in the middle Roaring Fork Valley around Basalt, Colorado, just northwest of Aspen. One project that complies with Basalt’s affordable housing requirements envisions 60 small single-family homes and 96 multi-family units in four separate buildings. Meanwhile, the …
Manufactured Home Community may Expand to Increase Affordable Housing Read More
A new Kelowna, British Columbia, Canada company intends to capitalize on the housing shortage in this city east of Vancouver by converting shipping containers into homes, as globalnews.ca tells MHProNews. Honomobo owner Devon Siebenga said his homes will range in size from 320 to 649 square feet, by combining up …
Modular Container Homes Proposed for Homeless in BC Canada Read More
Forcht Bank of London, Kentucky has joined the SmartMH KY Alliance, an initiative to provide increased access to EnergyStar manufactured homes through flexible loan plans that save MH (manufacture home) owners money, while assuring them of low utility bills in the future, saving thousands over the life of the home. …
NextStep Sponsors Lending to Buyers of EnergyStar Manufactured Homes Read More
In the news from CNNMoney: Fed Chair Janet Yellen says global risks could damage U. S. Delta pilots seeking 40 percent pay hike. U. S. has lost five million manufacturing jobs since 2000. Fracking leaves 7.9 million in jeopardy in parts of Texas and Oklahoma, exposing them to risk similar …
Skyline Corp. Shines for 3rd Consecutive Day; All Active MH Stocks Rise Read More
Vanbrugh Construction in Wolverhampton, in the West Midlands area of the United Kingdom, hopes to obtain contracts to build more steel-framed modular housing as it nears receiving Local Authority Building Control for its system. Four years into building modular housing, the company’s latest project is two three-bedroom homes in Wessex …
Three Week Construction Time for Modular Homes in UK Read More
