In the news from CNNMoney: Oil prices rose after the announcement of the nuclear deal with Iran. Retail sales have been negative or flat in the first six months of this year, falling -0.3 percent in June compared to May. Rapper 50 Cent Files Bankruptcy. Frontier Airlines has widened the …
Deer Valley Corp. Plummets; Skyline Corp. Rises; Dow Regains more Lost Ground Read More
Founded in 1923, the oldest manufactured home community (MHC) in Vermont will soon become a resident-owned community, as residents of Farrington Mobile Home Park announced they completed a deal to acquire it from the Farrington family. After months of negotiations, the North End Co-op reached terms with the family, and …
Vermont Land Lease Community to become Resident Owned Read More
In thehill blog, Rep. Stephen Fincher (R-TN), a member of the House Financial Services Committee reiterates his call for the Consumer Financial Protection Bureau to support his bill to restore access to financing for manufactured home buyers. He writes, “Manufactured homes are commonly more affordable than a rent payment and …
Rep. Fincher: CFPB Continues to Prevent Access to Manufactured Housing for Millions Read More
Following a story MHProNews posted July 9, 2015 regarding the Huntsville (Texas) City Council initial vote to prohibit manufactured homes from being sited inside the city limits, unless they are in a manufactured home community, opposition to the vote has surfaced. Due to be finalized at the July 21 city …
Huntsville City Council to Vote on Prohibiting Manufactured Homes from City Read More
In the news from CNNMoney: Oil prices fall as deal with Iran approaches. Landscape architects cashing in on California drought. Half of Americans are saving very little. Walmart CEO states the company is a ladder of opportunity. Oregon passes legislation to offer free community college. Meanwhile, the Yahoo Manufactured Housing …
Patrick Industries Advances Smartly; Dow Regains more Lost Ground; MHCV Edges up Read More
According to dailyherald, a shortage of buildable lots is the latest blow to what has become a modest housing recovery, the National Association of Home Builders (NAHB) tells MHProNews, as 62 percent of home builders say the availability of lots is low to very low in their areas. This marks …
Buildable Lots Shortage Indicates continuing Tepid Housing Recovery Read More
According to the National Association of Real Estate Investment Trusts (REIT), in the first six months of 2015 manufactured homes were the REIT industry’s best performers, posting a 3.75 percent return. Self storage REITs came in a close second at 3.72 percent. Apartments gained +0.82 % during the first half, …
In the news from CNNMoney: Iraq is pumping more oil than ever. Fed Reserve head says rate hike will come later this year. Germans want PM Merkel to say no to Greece. The number of publicly traded stocks has dropped from 7,562 in 1998 to 3,812 today. Meanwhile, the Yahoo …
Nearly all Tracked Manufactured Housing Stocks Rise, as did the MHCV Read More
Chapter 40B, Massachusetts’ comprehensive permit law, which encourages the production of affordable housing, allows developers of low cost housing to override some local zoning laws if the affordable housing stock of the community does not equal ten percent of total homes. Specifically, the new housing projects do not have to …
Legislation would Classify Manufactured Homes as Affordable Read More
The Huntsville, Texas City Council agreed with the Planning & Zoning Commission’s recommendation that prohibits manufactured homes (MH) from being sited outside MH communities, while grandfathering in existing MH, according to itemonline. Although Councilman Ronald Allen mounted a spirited opposition to the ruling, noting that people have paid taxes on …
Texas City Votes to Keep Manufactured Homes only in Communities Read More
MHPronews has learned Arlington Estates manufactured home community (MHC) outside Blair, Nebraska was sold May 20 to local businessman Clifton Johnson by Kacey Witte. Licensed for 16 home sites, Arlington is zoned light industrial, which legally means no homes can be moved into the community, and those damaged more than …
Land Lease Community may Continue as Non-Conforming Read More
In the news from CNNMoney: Companies in the S&P 500 are expected to report their sales and profits for Q2 will be down 4.5 percent from a year ago. Greece submits economic reform proposal well ahead of Sunday’s meeting about possible bailout. The Labor Department reported applications for unemployment benefits …
MHCV Outshines the Dow; Nobility Homes Advances over 5% Read More
The Oaks of Rockford manufactured home community (MHC) in Rockford, Michigan is hosting a Grand Opening event on Friday, July 17 to welcome new manufactured home models to the 55+community. The Rockford Chamber of Commerce will participate in a ribbon cutting ceremony to celebrate the official opening. Open to the …
Michigan Manufactured Home Community Celebrates Grand Opening Read More
Add Parkland Estates Cooperative, Inc. of Litchfield, New Hampshire as the state’s 114th resident-owned community, according to Steve Varnum of the New Hampshire Community Loan Fund. What had been Hillsboro II Mobile Home Park became Parkland Estates June 26, 2015 when the residents of the 33 home site community negotiated …
Community Loan Fund Assists another Community into Co-Op Status Read More
In the news from CNNMoney: Trading interrupted on NYSE because of electronic glitch. Dow drops precipitously due primarily to the Chinese stock market plunge and continuing concerns about Greece, sending the Dow down nearly 1.5 percent. Greece’s problems may delay a rate hike by the Federal Reserve. Wall Street Journal …
MHCV Drops, Dow Dives, Liberty Homes Spirals South Read More
Suggesting the delay may be beneficial to both lenders and consumers, the Consumer Financial Protection Bureau (CFPB) has delayed for a second time the launch of the integrated disclosures for residential mortgage loans under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). It is …
CFPB Postpones Implementation of Know Before You Owe Read More
Manufactured home (MH) and recreational vehicle (RV) component supplier Drew Industries, Inc. (NYSE:DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) has entered into a six-year exclusive agreement with Furrion Limited, which is also headquartered in Elkhart, according to goshennews. The agreement affords Lippert the rights to distribute Furrion’s …
As the boundaries between working life and leisure life begin to fade, this 290 square foot micro apartment offers a home as well as a home office, according to jetsongreen. The Zoku Loft, co-founded by Hans Meyer, offers a living area, bathroom, small kitchen, a recessed area off the hallway …
In the news from CNNMoney: Almost 25 percent of Chinese stocks have stopped trading as China fears crash. Greek banks remain closed as Europe decides whether to save Greece again. Background checks for gun sales spiked 11 percent in June. Carnival Corp. could send cruise ship to Cuba next year. …
MHCV Slips; Chinese Government Tries to Prevent Market Crash Read More
The Fair Housing Act (FHA) does not allow discrimination in the buying, selling, use or renting of homes, which fall under the category of “intentional.” Under a recent ruling by the United States Supreme Court (SCOTUS), in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc., 576 …
Supreme Court ruling could Open the Floodgates against Manufactured Home Community Owners Read More
