The National Association of Realtors (NAR) reports its pending home sales index of existing homes rose 3.5 percent in Feb., to 109.1, the highest level in seven months, as cnbc tells MHProNews. With Jan.’s rate revised to indicate a three percent decline, lower than initially perceived, the fluctuating numbers make …
As losangelesmirror informs MHProNews, Patrick Industries, Inc. (NASDAQ:PATK) now comprises 3.75 percent of Rk Capital’s Management portfolio by virtue of Rk having acquired an additional 214,484 shares of stock. The fund owns 458,277 shares valued at $20.9 million as of last quarter’s end. Headquartered in Elkhart, Indiana, Patrick is a …
Hedge Funds Busy Trading MH Component Supplier Patrick Ind. Read More
Chief Financial Officer (CFO) Jeff Kaminski of KB Homes, the eighth largest homebuilder in the U. S. says the new housing crisis is being caused by the lack of homes, which in turn raises prices of existing homes, pricing many people out of the market. First-time KB home buyers in …
Manufactured Home Opportunities may Derive from Tight Housing Market Read More
In the news from CNNMoney: California raising minimum wage to $15. Computer virus infects system at MedStar Health, a chain of ten hospitals and dozens of clinics—FBI investigating. China’s Anbang Insurance Group in bidding war for Starwood hotel chain with Marriott. Pandora shares fall 10 percent upon return of founder …
Skyline Corp. Skyrockets for Second Consecutive Day Read More
As MHProNews last reported March 10, 2016, Zeta Communities of Sacramento, Calif. was partnering with non-profit BRIDGE to build an affordable modular apartment building in San Leandro, the first of its kind in the Bay Area. The apartments were set to be available to people who earn half of the …
What’s New in public focused Manufactured HomeLivingNews.com What Others Say about Sunshine Homes, Manufactured/Modular Homebuilder Tragedy and Triumph – Widow shares her Celebration of Manufactured Home What’s New in Manufactured Housing Industry Professional News Tunica was tremendous, say attendees. Proposal would merge Fannie, Freddie. MHC to receive free wastewater system. …
Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016 Read More
Building on steps the Federal Housing Finance Agency has taken to reform government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac, five housing policy experts have proposed merging the two entities into a new corporation, called the National Mortgage Reinsurance Corp. (NMRC), that would continue risk-sharing initiatives with private investors and …
Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives Read More
The proposed redevelopment of eight modular homes in Marathon, Fla. in the Keys, was unanimously approved by the Marathon Planning Commission despite vigorous protest from a neighbor, as keysnet tells MHProNews. Melody Aldacosta, who has lived in Marathon 71 years, will have to share part of her driveway with people …
Modular Home Re-development Approved for the Florida Keys Read More
Stock Markets are all closed today in honor of the Good Friday Holiday. To our many Christian readers, a blessed Good Friday and Easter Triduum. (Image credit: (Wikipedia-Historic N.Y. Stock Exchange)
MHProNews has learned from financial-market-news that Amerprise Financial Inc. increased its stake in Drew Industries, Inc. (NYSE:DW) by 5.6 percent as of 12-31-2015, adding 12,306 shares of company stock, and now owns 233,706 shares. Its stake of 0.97 percent ownership is valued at $14,230,000 as of the end of Q4 …
Drew Draws Stakeholders while Neighbor Patrick Insider Sells Stock Read More
According to information received by MHProNews from nationalmortgagenews, mortgage loan delinquencies fell to their lowest level in Feb. since 2007, dropping 13 percent month-over-month, and 16 percent from last year to 4.45 percent in Feb. 2016. Black Knight Financial Services states that for the first time in nearly eight years …
Mortgage Delinquencies Fall to Lowest Rate in Nine Years Read More
Buoyed by the 38.5 percent surge in sales in the West, new home sales in the U. S. increased two percent in Feb. to a seasonally-adjusted annual rate of 512,000 units, according to statistics released by the Commerce Department, reports USAToday to MHProNews. The strong numbers from the West overshadowed …
In the news from CNNMoney: Fed official says rate hike could come in April. While fracking accounted for two percent of oil output n 2000, it now represents over half of U. S. oil output. Moon village envisioned by European Space Agency. U. S. corporate debt ratings near 15-year low. …
Skyline Corp. Skyrockets; MHCV Gains +1.37 Percent Read More
Word has come from Joe Kelly of the IAMHA that Margaret Dubil, owner/operator of the Glendale Mobile Home Park in Bettendorf, Iowa has passed away at the age of 99. A member of IAMHA for many decades, she was very supportive of the organization’s efforts. A world traveler and Gray …
Following MHProNews post from this morning regarding the MHI’s Mr. F. R. Jayar Daily’s testimony before the House Subcommittee on Housing and Insurance regarding the impact of government policies on housing cost, realestaterama reports on the other witnesses who spoke, giving one scant paragraph from Mr. Daily’s statement about manufactured …
MHI’s Daily Testifies about Government Regulation on Housing Costs Read More
MHI Board of Directors Member F. R. Jayar Daily told a congressional subcommittee on housing and insurance that “Manufactured homes are the most affordable homeownership option in the market today,” but the regulatory burdens and the lack of a secondary market for chattel loans reduce financial access for millions of …
MHI’s Daily tells Congress MH is Affordable Housing, Give us a Green Light Read More
As nationalmortgagenews tells MHProNews, the Consumer Financial Protection Bureau (CFPB) has put in motion a new rule that expands lenders’ ability to originate qualified mortgages in rural and underserved markets. The agency’s final rule, which will take effect March 31, implements the Helping Expand Lending Practices (HELP) in Rural Communities …
HELP Act Designed to Expand Lending Opportunities in Rural Areas Read More
Three manufactured home communities (MHC) have landed in the portfolio of Zeman Homes as the result of a $9 million Associated Bank loan in the Ann Arbor area of Michigan, according to what rebusinessonline tells MHProNews. Wagon Wheel in Canton, MI, Wagon Wheel South in Belleville and Carleton Mobile Home …
Zeman’s $9 Million Loan Acquires three MHCs in Michigan Read More
In the news from CNNMoney: U. S. hospitals getting hit by hackers. Tyson Foods workers win $3 million in back pay. Starbucks founder says the country needs a “vision of unity and inclusion” to combat the current divisiveness. Oil glut continues, stockpiles grow. Uber says rival booked 400,000 fake rides. …
Morgan Management, the owner of the Allendale Pines manufactured home community (MHC) in Pittsfield, Mass., wants to raise rents by $70/month to pay for improvements to the community in advance of selling it to a group represented by James Baldyga of Springfield, MA. Two dozen residents of the community attended …
MHC Owner wants Rent Hike in order to Sell Community Read More
