Author name: MHProNews

Realtors urged to educate Consumers about Online Valuation models

By / / Manufactured and Modular Housing News

Realtors ® are being urged to educate buyers about online valuation methods. DigitalJournal  says panelists at the 2014 Realtors ® Conference & Expo discussed the challenges of helping buyers and sellers understand the difference between actual appraisals and automated valuation models (AVMs), found on popular Zillow or elsewhere. John Anderson with Twin […]

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Veteran Day’s 2014 – Honoring Vets & Offering Manufactured Homes-VA loans to Veterans

By / / Manufactured and Modular Housing News

Wikipedia says that “Veterans Day is an official United States holiday that honors people who have served in the U.S. Armed Forces, also known as veterans. It is a federal holiday that is observed on November 11. It coincides with other holidays such as Armistice Day and Remembrance Day, which

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AMG’s Sean M Healey to speak to Bank of America/Merrill Lynch conference

By / / Manufactured and Modular Housing News

Sean M. Healey, Chairman and Chief Executive Officer of Affiliated Managers Group, Inc. (NYSE:AMG), is expected to speak at the Bank of America Merrill Lynch 2014 Banking and Financial Services Conference in New York on Wednesday, November 12, 2014 at 4:50 p.m. Eastern time. StreetNewsWire  says Mr. Healey will be

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ObamaCare Architect Jonathan Gruber – Lack of Transparency needed to pass ACA

By / / Manufactured and Modular Housing News

Just days after the mid-term elections that swept Republicans to record levels in the House and gave them control of the U.S. Senate, a video has surfaced featuring Affordable Care Act (aka ObamaCare) “architect,” Jonathan Gruber. In the video, Gruber candidly tells those in the room he was speaking in

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NASDAQ says SearchCore’s Wisdom Homes providing alternative for Boomers

By / / Manufactured and Modular Housing News

SearchCore subsidiary Wisdom Homes announced an expansion in marketing to better engage the baby boomers. Jim Pakulis, CEO Of Wisdom Homes Of America, said, “High retiree numbers create a higher demand for alternative housing in areas such as Texas. Cash-rich boomers are purchasing more second homes and empty-nesters-those whose children

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Eugene W. Landy Acquires 5000 more shares of UMH stock

By / / Manufactured and Modular Housing News

Real Estate Investment Trust, UMH Properties (NYSE:UMH) Chairman Eugene W. Landy acquired 5,000 shares of UMH Properties stock in a transaction that occurred on Friday, November 7th. WKRB13  tells MHProNews  that Landy purchased the stock at an average cost of $9.89 per share, for a total transaction of $49,450.00. The

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New Market Highs, Commodities slide, Manufactured Housing Composite Rise

By / / Manufactured and Modular Housing News

U.S. stocks finished a thinly-traded day with POTUS Obama angering some, pleasing others with a call for net neutrality. Marketwatch tells MHProNews that commodities – gold and oil dropped – while modest gains set record levels for the fourth straight session. Randy Frederick, Managing Director of Trading and Derivatives at the

New Market Highs, Commodities slide, Manufactured Housing Composite Rise Read More

JDSupra spotlights the 6th Circuit ruling in Bennett v CMH Homes – are manufactured homes a consumer product?

By / / Manufactured and Modular Housing News

JDSupra  reports that in Bennett v. CMH Homes, Inc., No, 13-5423, — F.3d — (6th Cir. Oct. 30, 2014), the Sixth Circuit ruled that a manufactured home is not a “consumer product” under the federal Magnusen-Moss Warranty Act. In a ruling covered as featured article in the November issue of MHProNews,

JDSupra spotlights the 6th Circuit ruling in Bennett v CMH Homes – are manufactured homes a consumer product? Read More

Willmar gives Preliminary nod for tax abatement for Manufactured Home Community in Exchange for Improvements

By / / Manufactured and Modular Housing News

Willmar, Minnesota’s City Council, following a preliminary okay for tax abatement for the owner of Regency East Mobile Home Park. The hearing is set for December 1. Passage would mean $2500 a year in abatement for the next 10 years, as an offset for negative cash flow during the planned

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Report claims 50% of workers could be replaced by technology – how will housing and public policy evolve?

By / / Manufactured and Modular Housing News

  “Real estate has traditionally been slow to change but interviewees hope and expect significant innovation in the industry – particularly related to putting value on service as much as the physical product.”  So says part of a new study released by CBRE and China-based Genesis, a property developer entitled

Report claims 50% of workers could be replaced by technology – how will housing and public policy evolve? Read More

George Will-Chicago Tribune OpEd: 6 Things Republicans should do now – starting with the CFPB

By / / Manufactured and Modular Housing News

Syndicated columnist George Will – as published in the Chicago Tribune – outlined a 6 point agenda recommended to Republicans who will control both the House and the U.S. Senate in 2015 as a result of the midterm elections. First up, says Will? One that would be popular with many

George Will-Chicago Tribune OpEd: 6 Things Republicans should do now – starting with the CFPB Read More

ACA heading back to the Supremes, keeps markets more muted at closing bell

By / / Manufactured and Modular Housing News

Marketwatch  tells MHProNews  of word that elements of ObamaCare (ACA) heading back to the U.S. Supreme Court sent health care stocks into a slide; but the markets overall rose and the Dow closed with a new high. Berkshire Hathaway is one to watch, with a move into the auto market

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Insider Trading of MH stock reported, profit taking from current bull run or…?

By / / Manufactured and Modular Housing News

A Patrick Industries (NASDAQ:PATK) major shareholder, Jeffrey L. Et Al Gendell, sold 5,869 shares on Wednesday, November 5th. The sales was reported in a legal filing with the Securities & Exchange Commission, as found on this link, and was for an average price of $43.99, for a total transaction of

Insider Trading of MH stock reported, profit taking from current bull run or…? Read More

German University pre-fab housing researchers tour U.S. manufactured home facility

By / / Manufactured and Modular Housing News

With prefab homes gaining popularity in Europe, a pair of German university researchers came to the U.S. to study manufactured housing. Christopher Hellmann and Maximilian Offizier, who are production researchers at Technische Universitat Munchen (Technical University of Munich), toured the Clayton Appalachia Home Building Facility in Andersonville, Tenn., PR Web

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Let’s Talk discussion around New York’s Affordable Housing

By / / Manufactured and Modular Housing News

In Volume vs. Quality, as Affordable Housing Plan Evolves, posted under “admin” for Chelsea Now (CN) looks at Mayor Bill de Blasio’s “Housing New York: A Five-Borough, Ten-Year Plan” to build or preserve 200,000 affordable apartments in New York City. The article brings into focus a number of fascinating points

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CalHFA FHA First Mortgages will accept Manufactured Homes

By / / Manufactured and Modular Housing News

Effective immediately, manufactured homes will be eligible for CalHFA FHA first mortgages, including CalPLUS FHA first mortgages, California Manufactured Housing Institute (CMHI) tells MHProNews. Eligible manufactured homes must meet all FHA and US Bank guidelines, including requirements for a permanent foundation. The borrower’s minimum credit score must be 660 or

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Dow continues rise, MH Composite Value slides…

By / / Manufactured and Modular Housing News

Marketwatch tells MHProNews that investor sentiment is ‘unusually high.’ Indeed, the post election bounce to the market continued today, with all three of the tracked indexes rising. Most manufactured home community stocks slid today, as did the MHCV. Dow 17,554.47 +69.94 +0.40%. Nasdaq 4,638.47 +17.75 +0.38%. S&P 500 2,031.21 +7.64

Dow continues rise, MH Composite Value slides… Read More

American Banker’s Association analysis of the 2014 MidTerm Elections

By / / Manufactured and Modular Housing News

The American Banker’s Association (ABA) has released their analysis of the 2014 mid-term elections. MHProNews has obtained their statement. Quoting, “After countless television and radio spots, endless debates and campaign expenditures of nearly $3.7 billion, the control of the U.S. Senate is now in the hands of Republicans and, as

American Banker’s Association analysis of the 2014 MidTerm Elections Read More

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