Hitting a record high of nearly $90 billion in multifamily lending in 2015, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, are poised to hit another new lending record this year as their volume lending caps are adjusted by the government. Freddie Mac topped the two multifamily lenders …
Four-and-a-half months after the Valley Fire swept through portions of south Lake County in California, in Sept., destroying 1,280 homes and devastating over 76,000 acres, James Westrich, 82, has become the first home owner to be issued an occupancy permit, which allows him to move in, and it is for …
Manufactured Home is First Permanent Wildfire Replacement Read More
MHProNews has learned from wabi.tv the 28th Maine Manufactured Housing Show was held the weekend of Jan. 29–Jan. 31 at the Augusta Civic Center with an expected turnout of 5,000 partaking of the goods and services of over 30 vendors. Many of them assert that business is returning following several …
Maine Manufactured Home Show Held this Past Weekend Read More
Writing for nationalmortgagenews, the Manufactured Housing Institute’s (MHI) senior vice president for government affairs, Lesli M. Gooch, noting the average price of a new manufactured home is $64,000 as compared to a new site-built home price of $374,100, states manufactured housing presents the single most affordable option for lower income …
MHI’s Lesli Gooch Underscores the Need for GSE’s Purchase of Chattel Loans Read More
MHProNews has learned from thenewsstar, the Hope for the Warriors organization, a national non-profit that provides support for members of the military and their families, including families of the fallen and military caregivers, received a check for $33,600 from Clayton Homes President Keith Holdbrooks and CEO Kevin Clayton at the …
In the news from CNNMoney: American Airlines bringing back Biscoff cookies for passengers in main cabin. Al Jazeera journalists facing unemployment establish website to find work for the more than 50 employees. Goldman Sachs says oil will fall below $26. Puerto Rico wants to erase half of its debt. 93 …
According to a study commissioned by the American Modern Insurance Group (AMIG), 81 percent of millennials still view home ownership as part of the American Dream, in the survey of 1,000 respondents from the greater San Francisco area. The millennials (ages 18-34) were more interested in owning a home than …
Survey Reveals Millennials Maintain Belief in American Dream Read More
The American Action Forum (AAF) has determined there has been a 20.5 percent drop in community banks with assets under $1 billion dollar in assets since Dodd-Frank became law five + years ago, according to data supplied MHProNews by the Federal Deposit Insurance Corp (FDIC). That is a substantial increase …
Following a story MHProNews published Jan. 25, 2016 regarding the siting of a spec home in Crookston, Minnesota by Homark Homes, the Crookston City Council has, at least temporarily, pulled the plug on the proposal. As the grandforksherald reported, the Crookston Housing and Economic Development Authority had earlier approved the …
What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with Don Glisson, Jr. of Triad Financial Services. Another media attack on manufactured housing? Residents of Florida city opposes modular homes. HUD sets up more …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 Read More
The 4,000 home site Country Squire Lakes (CSL) subdivision in Jennings County, Indiana is a mix of manufactured homes, site-built homes and campsites, with a series of different owners of the properties, as MHProNews has learned from therepublic. The subdivision has been going downhill for a number of years, and …
Seattle opened its Tiny Home village for homeless people with 14 homes, each 96 square feet with heat, electricity and insulation, as globalnews.ca informs MHProNews.. Communal washrooms and showers provide running water, and the homes are sited on donated church land. Each home cost $2,200, donated funds, and residents pay …
In the news from CNNMoney: Port workers in New York and New Jersey go on strike. U. S. exporting crude oil for first time 40 years. Mortgage rates continue to fall. Stanford and Harvard each received $1 billion in donations in 2015. 56 percent of Americans think their kids will …
MHProNews has learned from analystratingreport that Cavco Industries, Inc., reported $0.89 earnings per share (EPS) for its third quarter fiscal year 2016, beating the analyst consensus by $0.09 EPS. The company’s revenue of $181.40 million for the quarter also beat analysts estimates of $174.10 million. Compared to the same quarter …
Following a storyline MHProNews has posted several times, the last being Jan. 25, 2016 regarding opposition to modular homes in Cape Coral Fla., the developer says changes are coming to make the homes fit in better with the neighborhood. Beginning in Feb., garages will be attached to homes, breezeways will …
Cape Coral Contenders Continue Criticizing Modulars at City Council Read More
Thirty-three years before Harlan Dirks and his son, Dave, bought the Arrowhead Mobile Home Park in 1992 in Toledo, a town of nearly 2,300 pop. in central Iowa, Harlan opened the Dirks Real Estate office in town. Fifty-seven years later, the Dirks Real Estate banner still flies, representing residential, business, …
The Dirks Tripled the Size of their Manufactured Home Community Read More
Moses Lake, in east central Washington state, is in the process of complying with a 2004 state law that requires cities allow manufactured homes (MH) in the same neighborhoods as stick-built homes, according to what ifiberone tells MHProNews. While the city had prevented MH from being sited in single-family residential …
Manufactured Homes can be Sited in any Single-family Residential Area Read More
In the news from CNNMoney: Morgan Stanley says there is a 20 percent chance of a recession in 2016. Warren Buffett to appear on Celebrity Apprentice. Due to the oil crunch, Azerbaijan may need an international bailout. Wages fell in 80 of the country’s largest 100 cities during the recent …
Dow Continues its Volatility, while MH Stocks Remain Relatively Quiet Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Manufactured Housing Consensus Committee (MHCC), meeting in Louisville during the Louisville Manufactured Housing Show, discussed the fact that HUD, in further non-compliance with the Manufactured Housing Improvement Act of 2000, wants to increase unnecessary and excessive regulation that …
Data released by the Census Bureau and the Department of Housing and Urban Development (HUD) reveal sales of new, single-family homes rose 14.5 percent in 2015 to 501,000 units, the highest number since 2007, according to lbmjournal. In Dec. alone sales were up 10.4 percent over Nov. 2015 to a …
