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 […]
CalHFA FHA First Mortgages will accept Manufactured Homes Read More
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
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
The British Mace Group is entering into a deal with China Building Technique Group, Construction News tells MHProNews. Their agreement is said to be time to ahead of the £1bn Royal Docks bid. The Chinese firm’s website says, “China Building Technique Group Co., Ltd. (CBTGC), established in 1987, is wholly-owned
Chinese building giant enters deal with Mace Read More
The manufactured housing industry is already planning to introduce legislation in the House and Senate to loosen the definition of points and fees under the Qualified Mortgage Rule, an industry source tells MHProNews. The move could bode well for manufactured housing industry lenders, retailers, communities and their consumers. The report
Flash Report – Manufactured Housing Industry plans to act on the Republican Sweep Read More
The Better Business Bureau (BBB) has issued a warning about modular home firm, Better Built Homes, based in St. Augustine, Florida. The BBB asserts that there have been 6 complaints since March 2014. The BBB says consumers are “alleging that they have signed a contract with the company and paid a
Lawsuit and BBB warning about modular home retailer Read More
Governor Nathan Deal announced Monday that Live Oak Homes, a factory home builder, will expand to Broxton GA, creating 200 jobs and investing $1.4 million into the project over the next two years. “Forward-looking companies such as Live Oak Homes are excellent additions to our solid manufacturing network,” WTOC quoted Deal
Manufactured home builder expanding, creating 200 new jobs Read More
CNN Money suggests to MHProNews that investors like the resolution that comes from the close of an election. “After midterms, you often get deals that investors view favorably. Ultimately, you end up with higher stock prices,” said Dan Greenhaus, chief global strategist at BTIG. But other sources suggest that the
The Dow rises 100 points on post mid-term election results Read More
The Hill tells MHProNews that the Tuesday November 4th edition of the Federal Register contains “new rules for computer power cords, airplanes flying in icy conditions, mobile home construction standards, and credit unions.” The Federal Register’s document is styled: Billing Code 4210-67, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, [Docket No. FR- 5803-N-01],
Lane Anderson at theDeseret News is one of the writers and various media outlets that picked up on The Atlantic’s recent article, The Case for Trailer Parks. Lane writes, “According to 2013 data from the Harvard Joint Center for Housing Studies, 50 percent of renters in the U.S. spent more than 30
Deseret News runs “Trailer Park” solution “report” Read More
The Virginia Manufactured and Modular Homes Association (VAMMA) announced the passing away of William Henry Moody, 73, of Covington. Moody died Saturday, November 1, 2014, in Carilion Roanoke Memorial Hospital. Mr. Moody was born April 12, 1941, a son of the late H.F. and Sallie Carter Moody. In addition to
Industry Veteran William Moody, dies Read More
At 3:09 AM ET, Republican red was projected to carry a net pickup of at least 7 U.S. Senate seats, possibly as many as 9 once the dust settles in Alaska and Louisiana. One of the lesser touted stories was the surge for Republicans in gubernatorial races, where tight
Rivers of Red – Elephant in the Room Read More
Dubbed the Happy Cheap House and designed by Swedish architect Tommy Carlsson, the iron clad home and bold design is two stories and 110 square meters of optimized interior space. Modular prefab design means the home with its irrigular shape and roof-line can be rapidly assembled on even a modest
Swedish Happy Cheap House claims low-cost prefab home status Read More
Danny Ghorbani, President of the Manufactured Housing Association for Regulatory Reform (MHARR), suggests that GIGO is at play in a recently announced and controversial Department of Energy (DOE) policy effort. “Computer scientists and programmers have a saying – “garbage in, garbage out.” In other words, if a program is based
MHARR President says “Garbage In, Garbage Out” on disputed DOE policy move Read More
While many in the media believe that Republicans may take the Senate as a result of the mid-term elections, stocks were mixed today. Perhaps memories of the vaunted 2012 Democratic ground game cause some to doubt the election’s outcome, which may be known later tonight, but could take weeks
Markets Muted Pending Mid-Term Election Results Read More
Neighbors are frustrated on Flint, Michigan’s east side who say that enough isn’t being done to correct the blight left behind by the now condemned American Estates Mobile Home Park, NBC 25 tells MHProNews. The American Estate Mobile Home Park is near the intersection of Leith and Dort Highway.
Condemned, Land Lease Community Looks like “Tornado hit it” Read More
ROC USA® President Paul Bradley was recently honored with the National Association of Housing Cooperatives’ (NAHC) Jerry Voorhis Award. The Voorhis is a lifetime achievement award that recognizes significant leadership in both theory and practice. Jerry Voorhis was a five-term U.S. Congressman from California who lead the National Cooperative Business Association,
Norway is the #1 nation on earth in the Legatum Institute’s 2014 Prosperity Index of the world, the Local tells MHProNews. 142 nations were ranked. The list uses the following eight variables to measure a country’s prosperity performance. Economy Entrepreneurship Governance Education Personal freedom Health Security Social capital Canada ranked
Norway is #1 in Prosperity Index Read More
Decision Day 2014 has arrived, and the mid-term election results are predicted by the left-leaning New York Times to bring a 70% chance of a Republican take over of the U.S. Senate. CNN puts those odds at 95%, the Washington Post at 97%. Early voting patterns and a wide range
As D-Day approaches, 70%-97% odds predicted for Senate in mid-term elections Read More
China’s overbuilt ‘ghost cities,’ Sprint announcing layoffs are among the factors tamping down the markets, but manufactured housing stocks often managed to gain in trading today. Dow 17,366.24 -24.28 -0.14%. Nasdaq 4,638.91 +8.17 +0.18%. S&P 500 2,017.81 -0.24 -0.01%. The Yahoo! Finance Manufactured Housing Composite Value: 570.00. Today’s Change: +1.50% As of
Dow Slips, but Manufactured Housing slides higher Read More
