Author name: MHProNews

October production increase in new Manufactured Home shipments

By / / Manufactured and Modular Housing News

The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews  that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured home production growth continued during October 2014. Just-released statistics indicate that HUD Code manufacturers produced 6,505 homes in October 2014, […]

October production increase in new Manufactured Home shipments Read More

The Scope says UMH Properties Inc. a High Dividend Stock

By / / Manufactured and Modular Housing News

Wall Street Scope  included UMH Properties, Inc (UMH)  in their December 3, 2014 dividend report. UMH is in part the Real Estate Investment Trust (REIT) sector, and are a leader in manufactured home land lease communities. The firm is currently a high dividend stock with a dividend yield of 7.62% today and

The Scope says UMH Properties Inc. a High Dividend Stock Read More

Is US or China #1 Economy? Markets retreat, including MHCV

By / / Manufactured and Modular Housing News

Marketwatch spotlights a debate for MHProNews about which economy is bigger, the U.S. or China. They also question the argument that low gas prices are good for the economy. Whatever the case, the markets retreated from record highs today. MH Communities, builders and suppliers were mixed. For your ticker-tape pleasure,

Is US or China #1 Economy? Markets retreat, including MHCV Read More

Negative views about Manufactured Housing in the media – do we just expect and accept it?

By / / Manufactured and Modular Housing News

In a recent Question and Answer column in Maine’s Tri-Town Weekly,  a commentary by news writer John McDonald was published under the headline, DOWN THE ROAD A PIECE: On the move.  McDonald’s column was in reply to an email received from “Frank,” who wrote: “We moved here from a southern

Negative views about Manufactured Housing in the media – do we just expect and accept it? Read More

Advocates and Manufactured Housing experts working for Flood Victims

By / / Manufactured and Modular Housing News

It’s been about a year since the flooding in Lyons Colorado, and prior residents of the Riverbend Mobile Home Park are having a difficult time finding housing they can afford. Residents are coping with the reality that they’ve lost everything. Some are having a more difficult time adjusting than they

Advocates and Manufactured Housing experts working for Flood Victims Read More

Liberty’s big Rise, Oil and Ruble slide, MHCV and DOW on upward glide

By / / Manufactured and Modular Housing News

Marketwatch  says that T. Boone Pickens predicts a return to $100 a barrel, but in the short term the slide of oil caused by OPEC is having an impact on Russia and their rubble. MH community connected stocks, producers and suppliers closed mix.  Today’s results by-the-numbers… Dow 17,912.62 +33.07 +0.18%.

Liberty’s big Rise, Oil and Ruble slide, MHCV and DOW on upward glide Read More

Seniors facing crisis, states the Economist and Senior Housing…but what about MH?

By / / Manufactured and Modular Housing News

The nation’s faced many up and downs with the financial and economic crisis. Seniors are facing their own. Higher costs of living on a modest Social Security payment has forced many to plan sooner and add more to their retirement. Seniors are being forced to retire later compared to ten

Seniors facing crisis, states the Economist and Senior Housing…but what about MH? Read More

City and Residents locked in emotional tussle over MH Community closure

By / / Manufactured and Modular Housing News

The Pelham, AL City Council members decided to close the Belle Vista manufactured home community. Council members hope their decision will lead the way for a residential recreational community that includes a park and a walking trail. Residents are not happy with such a move. Marco Huerta, a Belle Vista

City and Residents locked in emotional tussle over MH Community closure Read More

Skyline and Sun Rise, Ditto MHCV, Dow, Nasdaq and S&P

By / / Manufactured and Modular Housing News

Marketwatch  points to the the opinion by some that America can win and ‘oil war’ with OPEC, which for now is leaving more money in the hands of U.S. and other consumers. Liberty Homes took the biggest dive in today’s factory-built housing connected stocks tracked by the Daily Business News,

Skyline and Sun Rise, Ditto MHCV, Dow, Nasdaq and S&P Read More

Freddie Mac securitized financing for Manufactured Home Communities

By / / Manufactured and Modular Housing News

Mitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets said: “We are proud to announce our first ever K-Deal that includes a loan backed by a manufactured housing community asset.” MHProNews  has learned from Marketwired  that the non-recourse loans use Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities. The

Freddie Mac securitized financing for Manufactured Home Communities Read More

DRM Investments use technology for enhanced Commercial Modulars

By / / Manufactured and Modular Housing News

  Commercial modular structures are non-residential buildings pre-fabricated in a production facility and then assembled on location for permanent installation. As in the case of residential modulars, commercial modulars use the same building materials that are used in conventional construction. So there is no loss of quality, in fact, both

DRM Investments use technology for enhanced Commercial Modulars Read More

Think Loan Steering is no big deal? Wells Fargo Settles $175 Million case

By / / Manufactured and Modular Housing News

Wells Fargo will pay $175 million in compensation to more than 30,000 minority borrowers who allegedly were steered into riskier, more expensive loans during the housing boom. US News  tells MHProNews  that the Deparment of Justice (DOJ) alleged the nation’s biggest residential home lender charged African-Americans and Latino borrowers higher rates

Think Loan Steering is no big deal? Wells Fargo Settles $175 Million case Read More

Pick Three – Manufactured Housing Stock Summary – Skyline, Cavco, Patrick – Dec 1, 2014

By / / Manufactured and Modular Housing News

The ‘Pick 3’ will be a new, periodic feature here on the Daily Business News. The idea is to give you a snapshot of a stock, based on public information. But there is more… Many investors “discovering” the Walmart of quality, affordable manufactured housing are finding some surprises. In an

Pick Three – Manufactured Housing Stock Summary – Skyline, Cavco, Patrick – Dec 1, 2014 Read More

Manufactured Housing Composite slips, Black Friday and Dow Dips, big Oil drips

By / / Manufactured and Modular Housing News

Black Friday sales slipped, which retailers say was actually a good sign, because buyers aren’t pressured to get the best deals. While the drop in crude oil has helped consumers to the tune of about $1,100 a year, OPEC pressure on North American shale production could hurt job creation too.

Manufactured Housing Composite slips, Black Friday and Dow Dips, big Oil drips Read More

Jim Pakulis proclaims bold growth plan for manufactured housing retailing

By / / Manufactured and Modular Housing News

Jim Pakulis, CEO of SearchCore, the parent company of manufactured housing retailer Wisdom Homes of America, announced today what one industry commentator called a “bold growth” vision.. Globewire carried Pakulis’ open letter, which says that after they spun-off the technology sides of their operations earlier this year, they made the

Jim Pakulis proclaims bold growth plan for manufactured housing retailing Read More

Council over-rides zoning, Manufactured Homes permitted in residential zoned areas

By / / Manufactured and Modular Housing News

Council Members in Osage City, Kansas met and overrode the unanimous decision of their local zoning board about placement of manufactured homes in residential zoned areas. The discussion revolved around concerns by neighbors vs. the law. Bob Fairbanks, City Building Inspector, explained that “Cities were not allowing manufactured homes in

Council over-rides zoning, Manufactured Homes permitted in residential zoned areas Read More

Relaxed lending standards to go into effect December 1, 2014

By / / Manufactured and Modular Housing News

The Wall Street Journal  (WSJ) and HousingWire  are among the media sources telling MHProNews  that Fannie Mae and Freddie Mac will ease requirements on a variety of mortgage loans. The move is not thought to impact personal property (home only) manufactured home (MH) lending, but would apply to those MH loans

Relaxed lending standards to go into effect December 1, 2014 Read More

“Fearless” Senator Elizabeth Warren, the CFPB’s ‘Mama’ buttresses potential 2016 presidential cred

By / / Manufactured and Modular Housing News

ABC News tells MHProNews that Massachusetts Democratic Senator, Elizabeth Warren is admired by liberal loyalists and doesn’t mind taking on anyone – including President Obama – when she thinks they are wrong. Warren is known as a key supporter – or Mama – of the agency that became the Consumer Financial

“Fearless” Senator Elizabeth Warren, the CFPB’s ‘Mama’ buttresses potential 2016 presidential cred Read More

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