According to themortgagereports, the National Association of Realtors (NAR) says rising rents, a favorable lending environment and low mortgage rates are driving the market for homes nationwide. In January, the median time for homes to be on the market was 69 days—half the homes sold in less than 69 days, …
In the news from CNNMoney: China stocks plunge but the government still has ability to stop the fall. Will market plunge affect the interest rate hike? Donald Trump to appear on cover of Rolling Stone. Airbnb valued at over $25 billion. Stock market is down, but job growth and home …
Deer Valley Shines; Dow, Nasdaq, S&P Continue Tarnished Fall Read More
In the wake of the Dow Jones’ precipitous fall of 530 points last week, Brett Arends, writing for marketwatch, says while the “perma bulls,” as he calls them, are gloating while the stocks continued ascending with barely a hitch, to characterize this as another buying opportunity he says is nonsense. …
Could the Dow Jones Drop 1,000 Points? History says Maybe Read More
A decision by the owners of Burt Estates manufactured home subdivision in Diamond, Illinois to install water meters on each property has angered some of the residents of this 187-home site community, according to morrisherald-news, to the extent they intend to form a homeowners association. Residents also mentioned old electrical …
Manufactured Home Community Installing Individual Water Meters Read More
Goleta, California-based Community West Bancshares reported a loss of $2.3 million in Q2 2015 in the wake of a $7.2 million settlement to resolve litigation regarding residential mortgage loans sold to Residential Funding Company, a real estate investment firm. Otherwise, the company’s net income would have been $1.9 million, up …
Community West Bancshares to Focus on Manufactured Home Loans Read More
What’s New in public focused Manufactured HomeLivingNews.com Stan Dye talks Manufactured Home Lending and MH Site Preparation Do-It-Yourself Heat Tape Video! Prevent Winter Freeze Ups for Manufactured Homes and Houses over Crawl Spaces What’s New in Manufactured Housing Industry Professional News PBS Story on MH Finance Due. Sun, UMH, Adding …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 16-Aug. 23, 2015 Read More
The owners of the Hillcrest Estates manufactured home community in Portsmouth, NH received unanimous approval from the Portsmouth Planning Board for conditional use permits to upgrade the community, much to the delight of some 50 residents who stood and applauded the vote, reports seacoastonline. First developed in the 1960s, attorney …
New Owners of Land Lease Community Bring Applause from Residents Read More
Kingsley Management Corp. of Provo, Utah has acquired two Manatee County, Florida 55+ manufactured home communities (MHC) for $27.8 million. The 244-home site Palm Bay was sold for $13.1 million, while the adjacent 235 home site Colonial Mobile Manor went for $14.7 million. Both communities, according to businessobserverfl, are in …
Two Age-Restricted Manufactured Home Communities sold to Kingsley Read More
MHProNews has learned PBS News will soon be doing video interviews focusing on manufactured home lending. Sources tell us the interviewer will do a balanced report with views from both sides of the issue. Dr. Lesli Gooch from the Manufactured Housing Institute (MHI) writes how Dodd-Frank is harming the very …
PBS Segment on Manufactured Home Lending; MH Pros Need to Work Together Read More
In the news from CNNMoney: Oil falls below $40. for the first time since 2009. China’s slowdown may be worse than first thought. Over 1400 days since the last correction. Dow is down seven percent from its May high. Same sex couples get Social Security benefits. Meanwhile, the Yahoo Manufactured …
MHCV Inches Up, while Dow, Nasdaq and S&P Plunge Sharply Read More
China-backed CIMC Modular Building Systems has signed a contract with Pindan, a property and construction company based in Western Australia (WA), for the redevelopment of Agricola College in Kalgoorlie, which houses students for the Western Australia School of Mines. As businessnews.au informs MHProNews, the 180-room project, comprised of 89 modules, …
Zacks has changed its “hold” rating to “buy” for Equity LifeStyle Properties (NYSE:ELS), the largest owner of manufactured home communities (MHC) in the nation, according to dakotafinancialnews. The stock closed down -0.43% on Thursday, at $58.97, as MHProNews reported in its stock report, but Zacks has issued a target price …
Equity LifeStyle Properties Stock Targeted at $66.00 Read More
Only two weeks after Governor Ben Ayade of Cross River State in southeastern Nigeria led a trade delegation to the Republic of Ireland, he has announced plans that would lead to the building of 5,000 affordable modular homes across the state, as reported by nationalaccordnewspaper. Representatives of Affordable Building Concept …
Irish Modular Homes Planned for Affordable Housing in Nigeria Read More
Following a story MHProNews first learned about Aug. 7, 2015 when UMH Properties, Inc. released its earnings report for Q2, UMH has closed on the acquisition of three of six manufactured home communities, two in Ohio and one in Michigan, for $32.5 million. The three all-age communities contain 897 developed …
UMH Properties Continues its Acquisition of Land Lease Communities Read More
According to what businessinsider tells MHProNews, the National Association of Realtors (NAR) reports existing home sales in July rose two percent at an annualized rate of 5.59 homes, the highest in eight years. Sales of single-family homes rose 2.7 percent to an annual rate of 4.96 million, the highest since …
Existing Home Sales Hit Highest Level in Eight Years Read More
In the news from CNNMoney: China slowdown, oil slides, troubled economies in Brazil and Russia and possible rise in interest rates feed malaise and stock sell-off. Oil price drop could hurt Iran’s comeback. Existing home sales rose sharply. Top three cities for new businesses: Manchester, NH, Dallas, Richmond, VA. Meanwhile, …
Updating a story MHProNews posted Aug. 11, 2015, regarding Lippert Components, Inc. acquisition of Signature Seating, journalgazette reports Lippert will be adding 125 new jobs at the New Haven, IN facility that was home to Signature. Also known as Roehm Marine LLC, the company made upholstered furnishings for pontoon boats …
Following a story MHProNews posted Aug. 18, 2015 regarding the sale of 36,552 shares of Patrick Industries’ stock by Tontine Capital Partners L.P Aug. 14, dakotafinancenews reports Tontine sold another 19,220 shares of Patrick stock on Monday, Aug. 17 at an average price of $39.20 for a net value of …
Major Shareholders of Patrick Industries Continue Unloading Stock Read More
On Aug. 19, 2015 Southfield, Michigan-based Sun Communities, Inc. completed its sale of three manufactured home communities (MHC) comprised of 900 home sites for $32.5 million. Two of the MHCs are in Ohio, the third is in Michigan, according to nasdaq. On Aug. 13, 2015, Sun acquired a recreational vehicle …
Sun Completes Transactions on Six Communities, Secures Line of Credit Read More
In the news from CNNMoney: Sell-offs of Chevron and Exxon pushed stocks down as crude oil fell four percent. Fed is getting closer to raising interest rates. First-time home buyers returning. Interest rates dip to 2.97%. Third bailout for Greece starts Thursday. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …
Deer Valley Spikes, Dow Takes A Hike, Google Hit by Lightning Strike Read More
