In the news from CNNMoney: New Jersey retirees will not get pension increases. Now that oil prices are up, will frackers begin working again? Deepak Chopra is launching a wellness app. Disney CEO says U. S. taxes are too high. Atlantic City fights to avoid bankruptcy. Washington D. C. on …
Most Stocks Relatively Quiet, Nobility Homes Drops -3.27% Read More
Financing commercial real estate throughout the U. S., Hunt Mortgage Group, headquartered in New York City, has arranged a $5.3 million Fannie Mae loan to refinance The Trails of Oak Hills manufactured home community (MHC) in Austin, Texas, the property of Wier Hills Ltd., a Texas limited partnership backed by …
Hunt Mortgage Provides Fannie Mae Loan for Trails of Oak Hills MHC Read More
A new report by the National Association of Home Builders (NAHB) states that banks increased their lending to single-family home builders by $2.3 billion in Q1 2016, almost 18 percent higher than lending in the same period one year ago. The NAHB’s analysis of of recent Federal Deposit Insurance Corp. …
Lending to Single-family Home Builders Rises in Q1 2016 Read More
In the news from CNNMoney: U. S. Executives cut hiring plans before the election. People are keeping their old iPhones longer. Human-carrying drone will begin tests in Nevada. U. S. government data reveal 13,000 jobs have been cut at clothing and clothing accessory stores in past three months. Pink is …
Dow Tops 18,000; Northstar Realty Gains +4.14 percent Read More
Arthur Tuverson, Managing Director of Pillar’s Manufactured Housing Community/RV Resort Group, has originated an $11.5 million Freddie Mac acquisition loan for Lake Villa Estates manufactured home community (MHC) in Oxford, Michigan, 45 miles north of Detroit, according to rebusinessonline. Featuring 852 homesites on 174 acres, the MHC was built in …
MHProNews has learned from euroinvestor that the board of directors of real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) has declared a quarterly distribution of $0.65 per share of common stock for Q2 2016. The distribution is payable July 15, 2016 to shareholders of record as of June 30,2016. …
Sun Communities Declares Three Quarterly Dividends Read More
In a survey conducted by the National Association for Home Builders (NAHB), 59 percent of would-be homebuyers said $249,000 was their limit to spend on a new home, but 65 percent of the homes begun in 2015 were over that limit. According to what builderonline tells MHProNews, 31 percent set …
Homebuyers Seek Lower Price on Site-built than the Offering Read More
As part of Dublin, Ireland City Council’s drive to house homeless families that continue to increase in number quarterly, as MHProNews last reported March 3, 2016, work has begun preparing an open green space in Cherry Orchard for up to 24 modular homes. Rife with anti-social behavior in the past, …
Modular Homes Building Underway in Ireland for Homeless Families Read More
The resident-owned Trailer Terrace manufactured home community (MHC) just outside Great Falls, Montana is set to have its water system totally redone compliments of $1 million in funds from the State Revolving Loan Fund Loan Program. The money was previously approved for the community through the South Winds Water and …
Montana Resident-owned Community Getting Affordable Water System Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) indicate that HUD Code manufacturers produced 6,689 homes in April, a 9.9 percent increase over the 6,085 homes produced in April 2015. For 2016, total …
Manufactured Home Production Continues its Upward Trend Read More
For many years rural housing issues have been to the housing market what middle America has been to the east and west coasts—the flyover zone. Eighty percent of U. S. land is rural comprising just 20 percent of the population, says CoreLogic‘s Faith Schwartz, adding that rural housing is “a …
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews that IMHA members Eddie and Cheri Cole, owners of Forest View Mobile Home Court, are involved in a development project that will benefit their residents. A multimillion dollar project proposed for Iowa City, Iowa on the current site of …
Repurposing of MH Community will be a Positive for Residents Read More
The North Dakota Manufactured Housing Association (NDMHA) is questioning the city of Minot’s decision relocating manufactured homes out of Odd’s Mobile Home Park to make way for a proposed flood protection project, according to minotdailynews. Kent French, association member in charge of governmental affairs, said the city used state and …
City Moves Manufactured Homes, Installs them Improperly Read More
In the news from CNNMoney: Economy adds only 38,000 jobs in May, the lowest n six years, although unemployment rate falls to 4.7 percent. Hamas founders’ gay grandson finds refuge in U. S. Delta is making all in-flight entertainment free. Court says U. S. Women’s Soccer team cannot strike. Teen …
Skyline Advances +3.13 Percent, as Northstar Realty Falls -3.71 Percent Read More
Fannie Mae/Freddie Mac seller/servicer and Ginnie Mae issuer, Platinum Home Mortgage tells MHProNews it has opened a branch in Jupiter, Florida, its seventh new location this year. In addition to an in-house manufactured home financing program, the bank will offer conventional, non-qualified mortgage, Federal Housing Administration (FHA), Veterans Affairs, U. …
Manufactured Home Lender Opening Branch in Jupiter, Fla. Read More
Following a post MHProNews last covered Dec. 17, 2015 regarding Spruceland Properties, Inc.’s disposition of its assets, as of June 1, 2016 it has finalized the sale of its two manufactured home communities for $40.6 million. Jubilee Landing in Sherwood Park, Alberta, and Willow Park Estates in Leduc, Alberta went …
Spruceland of Canada now Divested of its Two Manufactured Home Communities Read More
In the news from CNNMoney: United Airlines unveils luxury business cabin. OPEC continues to flood market with oil. Saudi Arabia says $60 oil is coming soon. European airline Ryanair slashing some baggage fees by jup to 50 percent. Don’t write off American oil boom yet. CEO of JPMorgan Chase, Jamie …
MH-related Stocks, Dow, NASDAQ and S&P Nudge a Little Up, a Little Down Read More
A survey of 150 homebuyers by the National Association of Home Builders (NAHB) revealed they have remained consistent in their preferences for green features in their homes and their communities from 2007 to 2015. Similar to results from previous years, of those surveyed 90 percent said ENERGY STAR were important, …
Commercial Interest in Green Growing, but not for Home Buyers Read More
UMH Properties, Inc. (NYSE:UMH) announces it will host three-time champion World Series pitcher Dwight “Doc” Gooden on June 18, 2016 at the manufactured home community owner’s Kinnebrook Estates in Monticello, New York. Gooden will sign fans’ sports memorabilia or a free photo of the storied pitcher that attendees will receive …
UMH Community Hosting Baseball Legend “Doc” Gooden ; UMH Chair to Present at NAREIT Read More
MHProNews has learned from rebusinessonline that John Chase of Tremont Realty Capital has arranged a $6.6 million refinance loan for Oakland Ridge MHC (manufactured home community) in Riverhead, New York, on Long Island. The non-recourse loan for the 100 home site community was structured with a ten-year term and a …
Tremont Realty Secures $6.6M refi for New York MHC Read More
