In the news from CNNMoney: More than half of U. S. retailers plans to hire seasonal workers, up from 43 percent last year. ‘Too Big to Fail’ banks need $1.2 trillion as cushion against the next possible meltdown. More part-timers are finding full-time work. The economy has added 8.7 million …
Following a story MHProNews first posted Nov. 3, 2015 regarding a public offering of 3,250,000 shares of Sun Communities, Inc. (SUI) common stock at $65.00 per share, the offering is now closed, after an additional 487,500 shares were sold to the underwriters as part of their option. The company estimates …
The Yucaipa (California) City Council, after visiting several deteriorating manufactured home communities, is considering passing an ordinance to make it easier for community owners to convert their property to a different use. If the community owner wants to develop their property, the ordinance would give pre-approval zoning and a “mobile …
MHProNews has learned from nkytribune a Jefferson County, Kentucky judge has refused to dismiss a lawsuit brought by a former resident of a manufactured home community (MHC) against the community owner, Erlanger, KY-based SSK Communities. Virginia Chappell, who lived in Autumn Lake Pointe MHC (MHC) in southwest Jefferson County, KY, …
Kentucky Judge Refuses to Dismiss Lawsuit against Land Lease Community Owner Read More
What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing, …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More
According to a National Association of Realtors (NAR) survey that tracked a year’s transactions through June, the share of first-time homebuyers fell to 32 percent from 33 percent last year, according to bloomberg. Historically, the rate is 40 percent, and now stands at a 28-year low. Increasing apartment rent, burdening …
MHProNews has learned from PRWeb that Fremont, Ohio-based Style Crest has recently developed a new line of Revolv® HVAC products specifically aimed at the manufactured home (MH) market, a market it has been serving for over 40 years. The new product, in addition to meeting all federal standards, features new …
Collaboration leads to New HVAC System for Manufactured Homes Read More
In the news from CNNMoney: U. S. sees its best wage growth in six years. Oil company defaults are coming because of low oil prices. U. S. economy adds 271,000 jobs as unemployment falls to 5%. With strong jobs report interest rates may yet rise this year. Migrants will boost …
MHProNews has learned from constructiondive that the latest National Association of Homebuilders (NAHB) Cost of Construction survey reveals the average construction cost of a single-family home, 2,802 square feet, has risen to $289,415, increasing from $95 per square foot in 2013 to $103 per sf today. Builders reported cost increases …
Price of New Single-Family Site built Home Rises over $120k to $468k Read More
Responding to House Financial Service Chairman Rep. Jeb Hensarling’s (R-TX) request for ideas on addressing poverty and home affordability, MHProNews and ManufacturedHomeLIvingNews publisher L. A. “Tony” Kovach documents HUD’s failure to promote manufactured housing as affordable housing. In Re-inventing HUD’s Role in Quality Affordable Housing, Kovach points out the percentage …
Residents questioned the Upper Township Planning Board in Upper Township, New Jersey about two manufactured home communities (MHC) for seniors, one with 110 home sites in Seaville and another one that is proposed in Palermo. Ground was broken last month for the community in Seaville, planned by Ocean City developer …
Three New Senior Land Lease Communities Rising in New Jersey Read More
MHProNews has learned from koin-tv in Hillsboro, Oregon that manufactured homes in a community may increase in value without any improvement being made to the home. Alice Siller’s MH was built in the 1980s, and has been valued at $12,000 for tax purposes, which cost her $6 a year. Then …
Manufactured Home Tax Bill rises from $6 to over $400 Read More
In the news from CNNMoney: Whole Foods is spoiling, as same-store sales drop. Home sales experience biggest gains in eight years. New pencils grow into vegetables after they become stubs—the eraser contains seeds. SUV sales in September jumped 58% over the previous year—in China. Worth an estimated $25 billion, Airbnb …
Most Tracked Stocks Flat, same as Dow, NASDAQ and S&P Read More
Pointing to a potential upside of $13.09 from the current price, equities researchers at Scotiabank have given Killam Properties (TSE :KMP) a target price of C$11.75 ($8.93 USD) in a research report issued to clients and investors on Wed., Nov. 4, according to dakotafinancialnews. Other analysts have been issuing reports …
The Member of Parliament (MP) for Folkestone and Hythe, Damian Collins, says the United Kingdom has a situation, part of which is shared by the U. S.–a lack of homes to buy and a lack of affordable homes to rent, that could be alleviated using modular homes, as expressandstar tells …
British MP Urging Modular Homes Solution to Housing Shortage Read More
Updating a continuing story MHProNews last posted Oct. 9, 2015 regarding mandated sprinklers in new home construction in Maryland, modularhomecoach reports the legislation may have formed a rallying cry for on-site and off-site builders to join forces, and attempt to have the law rescinded. The regulation will cover manufactured homes …
Sprinkler Mandate in Maryland Dampening Home Building Read More
On the news of Freddie Mac reporting a net loss of $475 million for the third quarter of 2015, significantly down from the net income of $4.2 billion for the same quarter 2014—the first time in four years– MHProNews has learned from housingwire that Freddie Mac CEO Donald Layton is …
Freddie Mac Drowns in Red; CEO Layton says Lenders need to Lower Down Payment Read More
In the news from CNNMoney: Electronic technology in the NFL may determine out-of-bounds, touchdowns and first downs. Trump to host Saturday Night Live, limited to four seconds due to FCC regs. Ohio voters reject legal pot, but ten other states are considering it. Honda dumps Takata over faulty airbags. Citing …
MHCV Advances to 1188.1; Interest Rates may Rise Next Month Read More
MHProNews has learned from washingtontimes that developers in Berthold, North Dakota are preparing to break ground this fall for a new modular subdivision a mile east of Berthold. New homeowners are being sought for the 240 home site Prairie Rose Estates, which has been in the making for three years. …
Groundbreaking near Minot, North Dakota for Modular Subdivision Read More
According to the National Association of Homebuilders (NAHB) index, the pace of multifamily residential construction rose 27 percent in Sept. over Sept. of 2014, while spending on single-family building was up 13 percent for the same period. Total private residential construction for Sept. rose to a seasonally adjusted annual rate …
Multifamily Residential Building Expected to Slow in Coming Year Read More
