New Mexico’s Mortgage Finance Authority (MFA) has set up a new program, Next HOME, which expands down payment and closing cost assistance, inclusive of buyers who already own a home, according to lcsun-news. Teri Baca, with MFA, says, “Next HOME allows move-up buyers with annual incomes up to $75,000 to …
Manufactured Homes Included in New Mexico Home Buyer Assistance Program Read More
As houstonchronicle tells MHProNews, roughly 85 manufactured home communities (MHCs) have closed in the greater Houston, Texas metropolitan area in the last ten years as property values in the large urban area have risen. Timbercrest Village, a 390 home site MHC set on 150 acres, all but hidden from view …
What’s New in public focused Manufactured HomeLivingNews.com Weathering the Storms: How Manufactured Homes Can Do It Better A Surprising Solution to America’s Quality Affordable Housing Crisis Whispering Pines Manufactured Home Community – Somerset PA, Inside MH Video What’s New in Manufactured Housing Industry Professional News FHFA to roll out MH …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015 Read More
MHProNews has learned from prnewswire that manufactured community owner UMH Properties, Inc. will present to the Philadelphia Securities Association on Tuesday, Oct. 6, 2015 at the Union League of Philadelphia. Samuel A. Landy, President and CEO of UMH will provide an overview of the company with a question and answer …
According to lulegacy, Zacks has upgraded shares of Encore Wire (NASDAQ:WIRE) from a sell rating to a hold rating, and DA Davidson reduced their price target from $41.00 to $37.00 and issued a neutral rating on the stock. Meanwhile, director Gregory J. Fisher bought 1,500 shares of company stock at …
MHProNews has learned from marketwatch that UMH Properties, Inc. (NYSE:UMH) has financed four manufactured home communities (MHCs) through Wells Fargo Bank, NA for a total of $30 million. These Federal Home Loan Mortgage Corporation (Freddie Mac) mortgage loans mature in 10 years with principal repayments based on 30-year amortization schedules. …
In the news from CNNMoney: Scottrade hacked, customer data stolen. 142,000 jobs added in September, perhaps forestalling interest rate hike this year. Sweden flirts with six hour work day. Hackers steal T-Mobile USA data from Experian. Bitcoin comprises 40% of all criminal-to-criminal payments online—Bitcoin is hard to trace. Meanwhile, the …
Dow Gains 200 Points despite Weak Jobs Report for September Read More
According to nationalmortgagenews, the Federal Housing Finance Market (FHFA) will issue a final rule within the next 12 months requiring Fannie Mae and Freddie Mac to better serve the manufactured housing market and rural markets, and increase the preservation of affordable housing under the “duty-to-serve” mandate. The rule will therefore …
Secondary Market for Manufactured Home Loans Coming from FHFA Read More
MHProNews has learned from businessnews.au that an English company from Bath, UK, ApplyInnovation, will partner with a Perth, Australia contract management group to create the first manufacturing firm dedicated to modular building focusing on residential, student housing, aged care and offices. The joint venture, ApplyModularAustralia, is set to begin production …
UK Firm Collaborating with Western Australian Company to Produce Modular Homes Read More
A large, upscale modular apartment complex may be in the offing just outside Albany, New York, according to what bizjournals tells MHProNews. Planned by Prime Cos., the modules for the 165-unit Hudson Square apartments will be made in Canada instead of in the U. S because of the value of …
High End Modular Apartments Planned for Upstate New York Read More
MHProNews has learned from prnewswire that the board of directors of UMH Properties, Inc. (NYSE:UMH) has announced its quarterly cash dividend of $0.18 per share on the company’s common stock will be payable Dec. 15, 2015 to shareholders of record as of Nov. 16, 2015. The annual dividend is $0.72. …
Sun Communities, Inc. of Southfield, Michigan will release its third quarter earnings report on Tuesday, Oct. 27, 2015 before the market opens followed by a conference call to discuss the results at 11:00 AM eastern time later that same morning, according to nasdaq. Callers can participate at 888 427-9411. Sun …
In the news from CNNMoney: Dunkin Donuts to close 100 stores. Foreigners own 43 percent of U. S. government bonds and 35% of the U.S. corporate debt market. ConAgra Foods is terminating 1,500 employees and moving from Omaha to Chicago. Eleven states spend more on prisons than on education. U. …
Realizing that a ten-year restriction on manufactured homes (MH) brought into Ruidoso Downs in New Mexico was not realistic because, as Planning and Zoning Director Steve Dunigan said, “You could have a two-year old home that is a disaster versus a 27-year old home that has been kept up,” the …
MHProNews has learned from the Wisconsin Housing Alliance that the Department of Housing and Urban Development’s (HUD) Final Rule that allows manufacturers to complete the construction of manufactured homes on site instead of in the factory with gaining permission. The rule will eliminate the need for time-consuming approval under the …
HUD Finalizes Rule Regarding Onsite Completion of Manufactured Homes Read More
With September’s year-over-year growth of 6.8 percent for multifamily rentals, multifamily rents reached a new record high of $1,167 in September, while also increasing to the highest year-over-year growth of the post-recession cycle, according to the most recent edition of Matrix Monthly by Yardi. The report says rents have risen …
MHProNews has learned from 24dash in the United Kingdom that low-income housing group Incommunities, in collaboration with construction specialists in the Netherlands, are wrapping up plans to build six modular homes in Manningham, to be sited on part of the Green Lane development property. Six modules will be needed to …
Affordable Modular Units Planned for Old Apartment Building Site Read More
In the news from CNNMoney: Saudi Arabia in cash crunch. Parisians work 35 hours a week, have 29 days paid vacations. Workers in Hong Kong put in over 50 hours a week. Prices fall again in Europe. Hurricane Joaquin causing storm preparation stocks to surge. Meanwhile, the Yahoo Manufactured Housing …
Most Manufactured Home-related Stocks Gain; MHCV Edges Up Read More
Made from cross-laminated lumber, Belgian firm Skilpod is producing small, modular inexpensive homes specifically designed for those, young and old, who want smaller homes. Designed in partnership with UAU Collective, the homes can be zero energy or energy positive with the use of solar panels, and may be useful for …
Belgium Mini Modular Suitable for Singles or the Elderly Read More
The House Financial Services Committee (HFSC) tells MHProNews the committee’s chairman, Rep. Jeb Hensarling (R-TX), delivered an opening statement in advance of the hearing on the semi-annual report of the Consumer Financial Protection Bureau (CFPB) with CFPB Director Richard Cordray. Noting a recent series of hearings before the HFSC revealed …
Rep. Jeb Hensarling Opens the Semi-annual CFPB Hearing Read More
