In CNN News: Stocks rally despite hesitancy in Greece, Puerto Rico avoids July 1 default, Australia is selling a ranch the size of New Jersey, and homeownership among Generation X is dropping. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained 1.50 percent to end the day at 721.9. Most …
MHCV Advances, Most Manufactured Housing Stocks Rise, Nobility Drops Read More
Following the nearly four-year-old on-again, off-again saga of Forest City Ratner’s building of what is billed as the largest modular residential structure in the world in New York City, the mega firm has created a new position to head the modular housing division. Manhattan construction firm executive Susan Hayes will …
Mammoth Modular Project in NYC Moving Forward, Again Read More
Low-income Vermont homebuyers interested in purchasing a high performance modular home made by Vermod of Wilder, Vermont may be eligible for a 30-year mortgage at 3.25 percent interest if the home is sited in a manufactured home community (MHC). Under the USDA Energy Efficient Manufactured Home Pilot Program, if the …
Low Interest Mortgages Offered to Manufactured Home Community Residents Read More
MHProNews has learned Capital One arranged an $11.9 million fixed-rate Freddie Mac loan to refinance Catalina Village, an all-age manufactured home community (MHC) in Phoenix, Arizona. The borrower has owned Catalina for 20 years and regular investments in capital improvements have helped maintain a high occupancy rate. Proximity to two …
Capital One Arranges Financing for Manufactured Home Community Read More
In a legal ruling similar to one MHProNews reported June 29, 2015, regarding the siting of manufactured homes (MH) within a jurisdiction based upon age, Lake County, California is proposing to exclude homes older than ten years, but with exceptions. If the home has been owned by the applicant for …
Noting that the current rate of homeownership of 63.8 percent is the lowest since 1989, A. Mechele Dickerson writes in nationalmortgagenews that the housing industry needs to be more creative in the housing it builds, and local jurisdictions need to be more flexible in the types of housing allowed in …
Home Ownership for Millennials could Lead to Manufactured Homes Read More
In CNN News: Greece asks for more bailout as it heads toward default, Puerto Rico wants to declare bankruptcy in lieu of its $73 billion unpayable debt, businesses upset with President Obama’s proposed rule change to increase overtime pay, and the head of luxury watch and jewelry maker Cartier says …
MHPronews has learned from wfie14news that SSK Communities has acquired the 353 home site Lamp Lite Estates manufactured home community (MHC) in Owensboro, Kentucky and intends to “make significant improvements” which will include changing the name to Riverbend Pointe. Nathan Smith, SSK co-founder and Chairman of the Board of Directors …
SSK Communities Plans Revamping of Manufactured Home Community Read More
Following a story MHProNews last posted June 19, 2015, regarding Cavco Industries’ purchase of Fairmont Homes and subsequent request for tax abatements from the city of Nappanee, Indiana for production upgrades, the Nappanee City Council approved a $40,000 tax phase-in for equipment purchases and employee training. Noting that Fairmont’s products …
Cavco will Retain Fairmont’s Employees, Expand its Customer Base Read More
MHProNews has learned from timesleader of Martins Ferry, Ohio that Harrison County Treasurer Vicki Sefsick announced all real estate and manufactured home bills for the county for the second half of the 2015 toax season have been mailed to those who own property or manufactured homes. The county seat, Cadiz, …
The Bloomington (IL) Planning Commission recommended City Council approve a plan for a manufactured home community (MHC) to expand on an eight-acre site that was once part of the Southgate Estates Mobile Home Park. After a foreclosure in 2011, Southgate was split into two parcels, and the larger one became …
Plans for Manufactured Home Community Expansion on Hold Read More
David J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now …
In CNN News: Supreme Court ruling upholds Affordable Care Act subsidies, Greece has five days to avoid default, Gen-Xers don’t want to be homeowners, and Univision cancels Miss Universe pageant over Donald Trump’s comments about Mexicans. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.20 percent to end …
MHCV Edges Up, Health Care Stocks Rise on Supreme Court Decision Read More
After spending a day cleaning up debris around Wimberly, Texas, in the wake of the flooding that ravaged parts of the state, Alberto Pina, general manager of Mobile Homes Direct 4 Less, is offering new manufactured homes at cost to people who lost their homes, according to PRWeb. “The pictures …
Texas Dealer Offering Manufactured Homes at Cost to Flood Victims Read More
Cambodia’s two-story pilot Framework House, built of bamboo and wood, was initially aimed at families afflicted with HIV who are in poor health, but will now be targeted generally to those with low incomes. A collaboration of Atelier COLE, Habitat for Humanity Cambodia and Building Trust International, the family for …
$2,500 Bamboo and Wood House Measures 861 Square Feet Read More
Lowndes County Planning Commission members in Valdosta, Georgia listened to Lowndes County Planner Jason Davenport propose changes to the Moody Air Force Base zoning regulations. The change would balance the scale between the base and property owners in the Moody Activity Zone (MAZ), according to valdostadailytimes. Noting that current amendments …
Georgia Jurisdiction will allow Upgrades to Manufactured Homes Read More
MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). …
Insider Trading at Sun Communities: Randall K. Rowe Read More
Hitting the highest rate since Feb. 2008, new single-family home sales in May 2015 rose 2.2 percent, hitting a seasonally annual-adjusted rate (SAAR) of 546,000, based on data released by the Department of Housing and Urban Development (HUD) and the Census Bureau. The rate was 19.5 percent above last May’s …
New Single-Family Home Sales Reach Highest Point in Seven Years Read More
In CNN News: Failure to reach deal with Greece over bailout sends Dow down a slippery slope, losing nearly one percent. Plus, Americans waste $900 a year in food, Alan Greenspan says U. S. real estate is stagnating, the Raleigh-Durham, North Carolina metro area has the most job opportunities, and …
Deer Valley Skyrockets +62.50 Percent; Dow Falls 178 Points Read More
The Ohio State Senate passed the state budget June 18, 2015 less the EPA (Environmental Protection Agency) provision that would require manufactured home communities (MHCs) to escrow 15 percent of the cost of a replacement water system, though not to exceed $250,000. It would have also allowed rental income to …
Objectionable EPA Provision may be Removed from Ohio Budget Read More
