New home construction in April hit its highest level since November 2007 as privately owned housing starts hit 1.1 million, a 20.2 percent increase over March. Building permits also increased, rising to a seasonally-adjusted annual rate of 1.1 million as well, 10.1 percent over March, the highest rate since June …
From La Center, Washington MHProNews has learned the Country Hills Estates manufactured home community (MHC) was originally zoned as a condo complex because it was outside the city and the county refused to give it the designation afforded an MHC. As a result, when homeowners tried to sell their homes …
Rezoning Helps Manufactured Home Residents Buy, Sell Property Read More
The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses. Mike Baker and Daniel Wagner – writers of the Seattle …
MHProNews has learned from CNNMoney the top housing markets for buyers are where the inventory is fuller and houses tend to remain on the market for a longer time, giving more opportunity for bargaining strategies. Philadelphia, Cleveland, Chicago, Miami-Fort Lauderdale, Providence, Detroit and Pittsburgh are strong buyer markets, according to …
One-time Manufacturing Areas Now Lead as Top Housing Markets for Buyers Read More
In the news: Walmart’s bottom line hurt by wage hike, airbag maker Takata responsible for the recall of 34 autos, KFC is resuscitating Colonel Sanders, more bankers willing to break the law to get ahead, and Lane Bryant is buying Ann Taylor’s dresses for $2.1 billion. Meanwhile, the Yahoo Manufactured …
Deer Valley Skyrockets; Colonel Sanders Squawking Again Read More
Having last reported on Art’s Way Scientific May 1, 2012 when it was providing 24 modular buildings for scientific animal research, MHProNews has learned Art’s Way has been awarded a 2015 Award of Distinction by the Modular Building Institute (MBI) for its modular transgenic swine facility. Built for Iowa State …
The Texas modular construction company, Aries Building Systems, is expanding into the North Carolina market where it intends to bid on government and school projects that have traditionally gone to general contracting firms. Currently in negotiations with several private firms for projects in the Triangle region of NC, Aries will …
According to au.news.yahoo, the Fleetwood Corporation will produce manufactured homes for Gateway Lifestyle to populate its 36 manufactured home communities in Queensland, New South Wales and Victoria, in Australia. The announcement of the two-year contract, with a possible two-year extension, moved the share price up 7.87 percent. MHProNews has learned …
Speaking of the housing market in Smith County’s Tyler, Texas, realtor Amy Montayne says, “It’s getting crazy now. There are just so many people moving to Tyler, migrating here from other states and big cities. It’s exciting, but we’re working ourselves to death. It’s a very, very competitive market.” According …
Housing Market, including Manufactured Homes, tight in East Texas Read More
In the news: China is the biggest holder of U. S. debt, kids do better in school if they leave their smartphones at home, Netflix shares hit $600, and American Pharoah will likely earn much more for stud fees than for winning races. Meanwhile, the Yahoo Manufactured Housing Composite Value …
MHCV Outpaces the Dow, Most Manufactured Housing Stocks Advance Read More
According to the National Association of Home Builders (NAHB) Wells Fargo Index, builder confidence for newly built single-family homes has fallen four out of the last five months, dropping to 54 this month from 56 in April. Any number above 50 indicates builders regard conditions as good. According to bloomberg, …
ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …
In the news: Netflix gains 4.5 percent, American icon Avon declining, activist investor Carl Icahn investing $100 million in ride-sharing company Lyft, and Honda recalls five million cars because of air bag problem. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.38 percent, to close at 666.1. Manufactured housing …
MHProNews has learned from azbigmedia that the Last Chance Mobile Home Park in Phoenix Arizona was sold April 27, 2015 for $855,000 to a local private investment firm. John Sheedy with Park Brokerage, Inc. represented the buyer and seller for this 40 homesite all-age manufactured home community in north Phoenix. …
Bud and Tiffni Graham’s plans to install manufactured homes received approval from the Planning and Zoning Commission in Bandera, Texas, just northwest of San Antonio, as bccourier tells MHProNews. Although sited in the floodway of the Medina River, the homes were to be placed on pilings to remain above a …
Manufactured Home Siting Approved, but Owners Yield to Residents’ Suggestions Read More
With 15,000 on the house waiting lists in Aberdeenshire and 5,000 on the list in Aberdeen, the Aberdeen City Council in Scotland is considering installing modular homes, called ‘pop-ups’ because of the speed with which they can be erected, to draw key workers to the North East. Aberdeenshire Council leader …
Scotland Considering Modular Homes for Health Workers Read More
Both of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, operate under a $30 billion cap for purchases of multifamily loans, according to costar. Since they each hit $10 billion in the first quarter, they would max out by the third quarter, leaving no available funds to finance deals …
FHFA Stretches Multifamily Affordable Housing Lending Categories Read More
Commercial real estate lender Hunt Mortgage Group has provided a $4.5 million Fannie Mae loan facility to refinance Terra Vista Manufactured Housing Community in Tucson, Arizona, as digitaljournal tells MHProNews. Founded in 1970, the age-restricted (55+) community is comprised of 129 homesites set on 14.5 acres with no permanent structures …
Manufactured Home Community Refinanced by Fannie Mae Read More
CNNMoney says: Verizon buys AOL for $4.4 billion, Germans are buying gold at a frantic pace (people typically invest in gold when they fear for their economic future), and Whole Foods is preparing to offer a lower cost line of goods. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained …
Most Tracked Manufactured Housing Stocks Rise, including the MHCV Read More
MHProNews has learned from rapidcityjournal in South Dakota of a Pine Ridge service geared to bringing financial independence to members of the Oglala Sioux Tribe. Mazaska Owecaso Otipi Financial, which translates from Lakota to “Lending Money for Housing,” was founded in 2004 and just qualified its first client, Dawn Holquin, …
Tribal Member Qualifies for Mortgage on Modular Home Read More
