MHProNews has leaned from winnipegsun that Tina McCorrister of the Peguis First Nation says 37 modular homes that were purchased from an American company for almost $3.5 million all have problems that make them uninhabitable. Mould was discovered in the first seven homes because they had not been properly wrapped …
Modular Homes Received by Canada’s Peguis are all Defective Read More
In the news from CNNMoney: Fed lack of decision gives Wall Street the jitters. 14% of American households struggle to put food on the table. America has 5.8 million job openings. Tennessee paying for community college students. IRS using technology from JFK’s era. Meanwhile, the Yahoo Manufactured Housing Composite Value …
In and around Boulder, Colorado are eight manufactured home communities (MHC), with a total of just under 1,600 homes, most of which were built before the federal building standards took effect in June, 1976, as dailycamera reports. Recognizing the importance of the communities as affordable housing in a city not …
Boulder Considers Ways to Protect Land Lease Communities Read More
The Alpine Park manufactured home community (MHC) in Dubuque, Iowa was ordered to pay a $5,000 civil penalty and $3,924 in actual damages to a resident stemming from the community management’s decision to prevent a visitor from entering the community because of the breed of a service dog. According to …
Judgment Upheld against Land Lease Community over Visiting Service Dog Read More
In CNNNews: HP to cut another 25,000 to 30,000 jobs. Federal Reserve leaves interest rate near zero. Wealthy blacks the next big target for marketers. Trump does not define how he would make America great. 23 million people watched debate, a record for CNN. Doritos produces rainbow chips to support …
Stocks Relatively Quiet as Federal Reserve Backs off from Interest Rate Hike Read More
The Commerce Department informs MHProNews that housing starts—single-family and multifamily– in August fell 3.0 percent to a seasonally-adjusted annual rate (SAAR) of 1.13 million units, below the 1.17 million unit pace economists had predicted, while building permits rose 3.5 percent to a 1.17 million pace after declining 15.5 percent in …
Housing Starts Fall in August while Building Permits Rise Read More
MHProNews has learned from 9news Caddis Capital Investments LLC of Littleton, Colorado has acquired two manufactured home communities (MHCs) for $7.725 million. Chancellor’s is a 121-home site community in Fountain, Colorado, and Woodland has 75 home sites in Woodland, WA. Using its current investment vehicle, Trico Fund III, Caddis teamed …
Caddis Capital Acquires Two Manufactured Home Communities Read More
At a meeting of the Kent County Commissioners in Maryland, discussion turned to the importance of affordable housing as a means to attracting new business and young families to the county, according to myeasternshoremd. At the Maryland Association of Counties meeting, officials from several counties criticized a requirement of the …
Mandated Sprinkler Systems may be Slowing New Home Building Read More
In CNNNews: Weak global economy and strong U. S. dollar hurting FedEx. Anaheuser Busch seeking to buy rival Miller Brewing. Typical American family earned $53,657 last year. Berkeley aiming for $19 minimum wage. Business world holding its breath, awaiting decision on interest rates from Federal Reserve. On the Big Board: …
In a letter to the editor of Asbury Park Press in New Jersey, Joan Finn, noting the loss of housing for 55,000 Ocean County residents due to Hurricane Sandy, many of whom were low-income renters who did not receive rebuild assistance, she asks where did they go. She says over …
New Jersey Citizen suggests Manufactured Homes for Hurricane Sandy Survivors Read More
According to cnbc, the National Association of Home Builders (NAHB) reports the Housing Market Index (HMI) of builder sentiment rose to 62 in September, the highest level since 2005, and now in positive territory (above 50) since July, 2014. “The HMI shows that single-family housing is making solid progress,” said …
MHPronews has learned from constructionenquirer that modular building specialist Caledonian Modular in the UK is closing its Driffield manufacturing facility in East Yorkshire and transferring those operations to its Newark plant, with minimal loss of jobs. A spokesman for Caledonian Modular said: “Caledonian has ambitious plans to double revenue over …
Champion Homes Subsidiary Consolidating Space in United Kingdom Read More
Following a series of MHProNews posts reporting the sale of Patrick Industries, Inc. (NASDAQ:PATK), especially within the last three months, and largely by Jeffrey L. Gendel,l dakotafinancenews states major stockholder Tontine Capital Partners LP unloaded another 60,000 shares of Patrick at an average price of $44.42 for a net value …
In the news from CNNMoney: Donald Trump is scaring Wall Street. Once again, Chinese stocks plummeted six percent in two days. U. S. retail sales rose +0.2 percent in August over July. Facebook working on a dislike button. Google breaking the law in Russia. Meanwhile, the Yahoo Manufactured Housing Composite …
Deer Valley Loses Yesterday’s Gain; Dow Gains +1.40% Read More
Following a story MHProNews posted Feb. 27, 2014 regarding Winchester Ranch manufactured home community (MHC) in San Jose, California, the battle over some of the most expensive land in the country that sits under MHCs in Silicon Valley continues to burn brightly, much like the fires consuming parts of northern …
Battle Rages over Repurposing of California Manufactured Home Communities Read More
While MODS (Modular on Demand Structures) International of Grand Chute, Wisconsin has sold 300 modular homes worldwide converted from shipping containers, Jose Atencio and his girlfriend, Aubrey Lorge, are combining four of the units to make a 1,100 square foot home to be sited in Menasha, WI, the first of …
Company Ships Converted Modular Container Homes Worldwide Read More
In the news from CNNMoney: Economists don’t see a major slowdown in China. Iraq plans bond offering for risky investors. Is Janet Yellen the most powerful woman in the world? UAW contract for 140,000 auto workers expires at midnight. Cosby accusers to speak in a one hour A&E special. Jaguar …
According to columbiatribune, the Consumer Financial Protection Bureau (CFPB) reports baby boomers are carrying mortgage debt into retiring years. The percentage of homeowners 65 and older with mortgage debt rose from 22 percent in 2001 to 30 percent in 2011, and among homeowners 75 and older, the rate more than …
The National Modular Housing Council (NMHC) tells MHProNews that 3,509 modular homes were shipped in the second quarter of 2015, a drop of one percent from the same quarter of 2014. Compared to the second quarter of 2014, 20 states revealed increases and 12 states lost shipment numbers, while in …
According to seekingalpha, manufactured home community (MHC) owner UMH Properties, Inc. has a high concentration of its communities in Ohio, New York and Pennsylvania, and 80 percent of them are within the Marcellus and Utica Shale regions where energy companies have stepped up drilling for natural gas. UMH says same …
UMH Properties has High Concentration in Energy Development Region Read More
