A reality show set to premiere on the DIY (do-it-yourself) network this fall will document the production of a modular home by Commodore Homes in Goshen, Indiana, and follow its route down highways and through La Porte, Indiana to its siting in a neighborhood. “Not everyday (do) you see a …
TV Show will Document Production and Siting of Modular Home Read More
In a new report the Mortgage Bankers Association (MBA) said, according to its Mortgage Credit Availability Index (MCAI), availability of mortgage credit rose 0.5 percent in April to 122.0 following an increase in March of 2.3 percent to 121.4. MHProNews has learned from housingwire the index was benchmarked at 100 …
Mortgage Credit Rises, but Remains Well Below the 2006 Peak Read More
Steven Hill of Septen Financial proposed to the Rossland City Council of British Columbia, Canada that the city provide land for 14 to 18 modular homes that would be built for seniors in Kelowna, BC, and be sited in Rossland. He suggested a team of builders and finance officers would …
Affordable Modular Housing for Seniors Possible in British Columbia Read More
In today’s news: retail sales were unchanged last month, Macy’s may roll out a lower line of goods as the middle class shrinks, and U. S. crude oil output fell 25,000 barrels a day to 12.6 million barrels in April. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped for …
According to theaustralian, the initial public offering (IPO) of 117.3 million new shares at $2 per share for manufactured home community (MHC) owner Gateway Lifestyle will bring in $234.7 million gross. The total will comprise 255.2 million shares, including existing shares, equating an overall value of $510 million. Gateway’s price …
Australian Manufactured Home Community Owner Issues IPO Read More
The British magazine House Beautiful is launching its own line of modular homes aimed at the over three million adult children living with their parents because they cannot afford to rent or buy. Starting at £110,000, about $70,400 at today’s exchange rate, the homes are available in six designs, can …
Headlines on CNNMoney: Volvo will bring 4,000 jobs to South Carolina, Harriet Tubman may be on the next $20 bill, rich men drink more than anyone else, second quake rocks Nepal, and millennials are filling up the workforce. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -0.41 percent, to …
MHCV, Most Tracked Manufactured Housing Stocks Decline Read More
The Midland Planning and Zoning Commission in Midland, Texas approved plans for a new manufactured home community (MHC) featuring a central park, a hiking and biking trail and up to 320 homes. One resident complained that two of the nearby roads had not been repaired in 35 years and that …
A new study of homeownership, home values and income growth from 2000 to 2013 by the National Association of Realtors (NAR) indicates 90 percent of metropolitan housing markets have seen a decline in homeownership rates. Rising home values and static incomes are widening the wealth gap which is leading to …
Rents are Rising—Manufactured Home Living more Reasonable than Ever Read More
In the news: China is beating the U. S. in health research, Uber may be worth more than FedEx, investors are asking where all the Greece bailout money has gone, T. Boone Pickens says he cannot afford a Tesla, and two of Coke’s products each lost nine percent recently. Meanwhile, …
Deer Valley Plummets 46.15 Percent; MHCV Falls 1.85 Percent Read More
Dubbed the Miracle of Milan, the residents of what had been Bob’s Mobile Home Park in Milan, New Hampshire were able to convert the 18-homesite community into a cooperative in ten days. Now called Deer Estates Cooperative, Inc., the community was to be sold at a foreclosure auction April 21. …
Manufactured Home Community Becomes 113th Co-op in New Hampshire Read More
ROC Racks up Two More MHC Co-ops. Legislator Questions HUD Contract. HUD Code Production Rises. Modular Skyscraper Rises Quickly in China. Modular Future Questionable in NYC, as it Gains a Floor in Texas, adds Luxury Complex in Silicon Valley. Cavco Acquires Fairmont. MHCC Seeks MH Multifamily. Google Denied Modular Expansion. …
In a survey of 1,000 millennial renters, rent.com discovered while 57 percent rank affordability as the major consideration, 55 percent stated they would pay an extra $150 month to stay in an apartment they really liked, and 24 percent said they would pay $400 more for that same apartment. Given …
New York City is experiencing such a shortage of affordable housing that lotteries for affordable housing receive thousands of applications for a fraction of available units. According to modularhomecoach, state legislators in Albany are debating whether to renew the 421-a tax abatement, a program that promotes low cost residential development. …
Modular Building May be Forced out of New York City Read More
Karoleena, an Okanagan, British Columbia, Canada modular home builder, has been selected to build the Pacific National Exhibition (PNE) show’s prize home, according to infotel.ca. The 3,800 square-foot, $2.1 million dollar modular home took six months to build and 30 days to assemble on-site. It will be trucked to the …
The addition of 233,000 jobs to the U S. economy, and the drop of the unemployment rate to 5.4 percent, the lowest level since 2008, spurred the Dow Jones Industrial Average to surge +267.05 points. Additionally, the unemployment rate of black males has fallen below ten percent for the first …
Jobs Report Sends Dow Up; MHCV Does not share the Joy Read More
For the first quarter of 2015, UMH Properties, Inc. (NYSE:UMH) reports Core Funds from Operations (CFFO) rose from $2,425,000 or $0.11 per diluted share for the 1st quarter of 2014 to $3,159,000 or $0.13 per diluted share for the comparable quarter 2015. Normalized Funds from Operations (Normalized FFO) hit $3,226,000, …
MHProNews has learned from marketwatch that Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), owner of manufactured home communities, announces that its Board of Directors has approved a 3.4 percent increase in annualized cash distributions. Effective with the May 2015 distribution, $1.22 per unit ($0.0107 monthly) will be paid on …
The National Association of Home Builders/First American Leading Markets Index (LMI) tells MHProNews 68 of the 360 metro areas nationwide equaled or exceeded their last normal levels of economic and housing activity in Q1 of 2015. Based on current permit, price and employment information, nationwide the average is running at …
Elmwood Mobile Manor has transformed into Elmwood Homeowners Cooperative, purchasing the manufactured home community (MHC) with $2.16 million financing provided by ROC USA® Capital, the Mercy Loan Fund and the Washington State Housing Finance Commission. JP Morgan Chase’s CDFI (Community Development Financial Institution) Collaborative program supplied a $4 million grant …
ROC USA Facilitates another Manufactured Home Community to Become a Co-op Read More
