MHProNews has learned from insidertradingreport Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,479 shares of company stock on Aug. 17. 2015, according to a filing with the Securities and Exchange Commission. The shares were acquired at $9.12 each for a net value of $50,000. …
Clayton Homes has teamed with Oak Ridge National Laboratories (ORNL) and architectural firm Skidmore, Owings and Merrill to develop a 3D printed home and automobile from a carbon-fiber reinforced polymer material, according to 3dprint. Through an integrated approach to electricity generation, storage, and consumption, the car and home will share …
3D Printed Automobile and Home Energize Each Other Read More
In the news from CNNMoney: New single-family home construction grew in July at the fastest pace since 2007. Oil prices could sink to $15 a barrel. Shanghai stocks plummet another six percent. Home Depot reports shoppers are back as sales rise six percent. GM may import a Buick built in …
A major shareholder of Patrick Industries, Inc. (NASDAQ:PATK), Tontine Capital Partners L. P, sold 36,552 shares of Patrick in a transaction dated Friday, Aug. 14 for $39.11 per share for a net value of $1,429,548.72, according to a filing with the Securities and Exchange Commission. In its last report of …
Patrick Industries’ Shares sold by Major Shareholder Read More
MHProNews has learned from reuters that, according to the National Association of Home Builders (NAHB), homebuilder sentiment in August rose to its highest level in almost ten years. In line with economists expectations, the NAHB/Wells Fargo Housing Market Index (HMI) rose from 60 in July to 61 this month. Any …
Home Builder Sentiment Measures Near Ten-year High Read More
A new development of ten modular homes is being planned in Key West, Florida, according to keysnews. The Enclave on the Riviera will feature single-family stilt homes starting at $799,000, said realtor Bascom Grooms of the 1,800 square foot homes, each with three bedrooms and two-and-a-half baths. The gated community …
Gated Community of Ten Modular Homes to Rise in Florida Keys Read More
Datacomp, a provider of manufactured home (MH) appraisals and MH industry market data since 1987, has informed MHProNews of its new manufactured home valuation service that enables compliance with the rules for Higher-Priced Mortgage Loans (HPML) that now cover most financed manufactured home transactions. Datacomp MSRV (Market-Suggested Retail Value) can …
Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans Read More
In the news from CNNMoney: Traffic deaths up 14 percent in 2015. Drop in oil prices not affecting Texas due to state’s diversification. Google, Pepsi, Microsoft, Mastercard, Adobe and Harmon are all run by India-born CEOs, a large U. S. trend. Social Security turns 80. Northwestern football players lose opportunity …
Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days Read More
Although the government of South Africa has built more than 2.6 million homes since 1994, it is estimated there remains a shortage of 2.3 million family homes. A definite gap remains between those who do not qualify for a government-subsidized house and an entry level home, according to estatetimesnigeria. Working …
Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes Read More
A measure introduced in the Senate by U. S. Senators Mike Rounds (R-SD) and Angus King (I-ME) would give community banks, credit unions and small businesses a say in the Consumer Financial Protection Bureau’s (CFPB) rulemaking process, according to what dsnews tells MHProNews. Known as the Bureau of Consumer Financial …
Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau Read More
With only five months before a 20 year-old agreement stabilizing manufactured home community (MHC) rents expires in Vista, California, talks between residents and community owners have reached a stalemate. During talks that began in April, owners insisted residents pay for updating infrastructure in the aging communities, according to sandiegouniontribune. Most …
Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs Read More
What’s New in public focused Manufactured HomeLivingNews.com Nubble Lighthouse and Sohier Park. York, Maine – US Destination What’s New in Manufactured Housing Industry Professional News GSEs set to offer secondary market for manufactured home loans. Two MHCs change hands, new MHC planned in Canada. CFPB not protecting consumers OR employees. …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015 Read More
Writing in townhall, Ken Blackwell says the four-year old Consumer Financial Protection Bureau (CFPB) discriminates against the people it has vowed to protect, inside and outside the agency, and is riddled with waste, inefficiency and mismanagement. Noting Director Richard Cordray would be out of a job if the agency was …
Consumer Financial Protection Bureau is Rife with Discrimination Read More
Coachman’s Cove manufactured home community (MHC) in Munith, Michigan was sold at auction July 24 by Friedman Integrated Real Estate Solutions, according to rejournals. Consisting of 213 single section home sites and 33 sites for multi-section, Coachman is located 30 minutes from Ann Arbor on Big Portage Lake next to …
246 Site Manufactured Home Community Sold in Michigan Read More
In the news from CNNMoney: Tyson closing beef plant in Iowa because of a cattle shortage, costing 400 jobs. U. S. tax revenues are at an all time high. Flamethrowers, which the military quit using after Vietnam, are now available to the public. U. S. Navy triples paid maternity leave …
MHProNews has learned from businessobserverfl that Southwind Mobile Home Park in Palm Harbor, Florida has been sold by Belle Vista Properties LLC for $18.2 million to Kingsley Management Corp. of Provo, Utah. The 213 home site, age-restricted manufactured home community (MHC), which previously sold for $7 million in 1999, is …
Kingsley Management Corp. Acquires Florida Manufactured Home Community Read More
Following a story MHProNews posted Aug. 8, 2015 regarding San Jose, California’s attempt to forestall the re-purposing of the city’s 59 land lease communities, mercurynews reports the San Jose City Council directed staff to develop an ordinance within two weeks that would prevent the city from processing any paperwork to …
San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities Read More
While manufactured home community (MHC) owners in Langley Township, British Columbia, Canada cannot be compelled to pay relocation costs to displaced residents when redeveloping their communities, municipalities can negotiate relocation costs with the owner when application is made for rezoning, according to langleytimes. The Seniors Advisory Committee had asked the …
Council Strengthens Language Regarding Relocating Residents Read More
In the news from CNNMoney: Iran is hiding more oil at sea then we knew about. Women with MBAs are choosing Google over Goldman Sachs. Oil falls to a six-year low, hitting $41.92 a barrel, well below the $100 a barrel one year ago—Texas and North Dakota feel the pinch. …
In the second project of Dauphin County’s Land Bank Authority, four dilapidated townhouses will be demolished and replaced with five modular homes in Susquehanna Township, a suburb of Harrisburg, Pennsylvania, according to what pennlive tells MHProNews. Three health officers have been working on the four buildings over the years, citing …
