All across Florida many manufactured home communities (MHCs), often filled with pre-HUD Code homes, many of which are too decrepit to move or do not meet construction standards required in other communities, are being re-purposed and developed into more lucrative uses. Some are on scenic waterways that were out of …
Rising Land Values Force Older Manufactured Home Communities Out Read More
MHProNews has learned from wantchinatimes the China Business News (CBN) reports modular building not only reduces construction time but also can be dismantled easily, leaving small trace of debris. China’s Broad Group completed assembly of a 57-story building in 19 days, and as MHProNews reported June 4, 2013, has plans …
The Tunica Manufactured Housing Show in Mississippi shared the spotlight this week with the House Financial Services Committee passing the Preserving Access to Manufactured Housing Act out of committee and headed to the House floor for a vote. Additionally, IKEA prepares to ship 10,000 durable modular shelters to Iraqi homeless …
Sunday Morning News Re-Cap March 22 to March 28, 2015 Read More
The 2015 Tunica MH Show is now in the history books. While final numbers need to be cross checked and adjusted for accuracy, the first word heard is that the new location at the Hollywood and Resorts Hotels and Casinos near Tunica MS drew more attendees than the previous year. …
2015 Tunica Manufactured Housing Show Flash Report Read More
According to what housingwire tells MHProNews, Motley Fool got opinions from three of their analysts abut the effect of rising interest rates, which the Federal Reserve will very likely raise in either the second or third quarter. Matt Frankel says marginally higher interest rates will not impact the real estate …
Will Higher Interest Rates Affect the Housing Market? Read More
The Financial Services Committee informs MHProNews that the Oversight and Investigations Subcommittee held a hearing to scrutinize the role of the Federal Deposit Insurance Corporation (FDIC) in shuttering legitimate businesses by closing their bank accounts. The only witness at the hearing was FDIC Director Martin Gruenberg. Termed Operation Choke Point, …
“If underlying conditions had truly returned to normal, the economy should be booming,” said Federal Reserve Chairwoman Janet Yellen said in a talk in San Francisco. She ticked off a few other considerations: The strong dollar is hurting exports, lower oil prices have led to reduced drilling, and the housing …
MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown Read More
Warning that Australia is decades behind in the modular building industry, renowned construction adviser David Chandler says the country could lose out on over $30 billion annually as well as 75,000 construction jobs. BIS Shrapnel research analyst James Middleton tells MHProNews the market is being hampered by fears that modular …
Australian Builders Encouraged to Study Modular Techniques Read More
MHProNews has learned from cnnmoney that Elkhart, Indiana-based Skyline Corp. (NYSEMKT:SKY) has obtained a three-year secured revolving line of credit with First Business Capital Corp. The agreement will allow Skyline to borrow up to $10 million. Secured by the company’s assets, the funds will be used for working capital, and …
Analysts predict profits for the S&P 500 companies will fall 4.6 percent the first quarter of this year compared to the same period last year, while others say tech and biotech stocks in the Nasdaq are overvalued. This combination plus weak signals in the economy is the reason the Dow …
MHCV, many Manufactured Housing Stocks Slip; Analysts Predict Further Falls Read More
While noting that stocks for companies with strong ties to the housing market are doing well–homebuilder KB Home, Lowe’s, Sherwin Williams, Whirlpool appliances—CNNMoney tells MHPronews the refinancing impetus may be over. Despite high home sales last month, if mortgage rates start to move higher, as the Federal Reserve suggests, the …
Orders for big ticket items, a surprise decline in retail sales and a steep drop in existing home sales instilled fears of a weakening economy in investors, driving down the Dow Jones Industrial Average in today’s trading -292.60 points, -1.62 percent, to end at 17,718.54. Meanwhile, the Nasdaq plummeted -118.21 …
Economy Fears Drive Down Tracked Manufactured Home Stocks, MHCV Read More
KW Communications has informed MHProNews that Federal Capital Partners and Horizon Land Co. LLC have purchased eleven manufactured home communities (MHCs), primarily in western New York, for $88 million. This 2,413 home site transaction brings to 32 MHCs the two companies own with a total of 5,600 home sites. The largest …
Demand, Sales Rise for Manufactured Home Communities Read More
With European stocks out gaining the U. S. stock market this year, drawing U. S. funds into overseas markets, and the middle class shrinking in every state since 2000, CNNMoney tells MHProNews the Dow Jones Industrial Average dropped-104.90 points in today’s trading, -0.58 percent, to close at 18,011.14. Meanwhile, the …
MHCV Advances to 650.5; Investors Heading to Europe, Dropping Dow Read More
Unlike the three major indexes, the Manufactured Housing Composite Value (MHCV) moved up +0.32 percent to close at 641.3. Oil dropped -0.17 percent to 47.38, often a portent for the Dow Jones Industrial Average which fell -11.61 points, -0.06 percent, to end the day at 18,116.04. The Nasdaq slipped -15.45 …
MHCV Gains, Tracked Stocks Close Mixed, Deer Valley Plummets Read More
In a measure to preserve housing affordability while shielding taxpayers from another bailout, nationalmortgageprofessional tells MHProNews three Democratic representatives on the House Financial Services Committee have reintroduced housing finance reform legislation. Reps. John Carney (D-DE), John K. Delaney (D-MD) and Jim Himes (D-CT) first introduced the Partnership to Strengthen Homeownership …
Housing Finance Reform Bill Balances Public vs Private Read More
MHProNews has learned from Benzinga that 2015’s best performing real estate investment trusts (REITs) are manufactured home community owners. Equity LifeStyle Properties, Inc. (ELS), Sun Communities, Inc.(SUI) and UMH Properties, Inc. (UMH) averaged a 9.4 percent growth rate this year through mid-March. Sun owns and operates 242 MH and RV …
The Manufactured Housing Institute (MHI) informs MHProNews the Ohio Supreme Court struck down a zoning law as unconstitutional that was designed to eliminate manufactured housing from Lodi, Ohio. The zoning code states any property considered noncomforming that is vacant for six months is considered abandoned. In the case of manufactured …
State Court Strikes Down Law that Harms Community Owners Read More
A Senate bill before the North Carolina General Assembly, to improve the safety of roads in the state, addresses the accountability of professional housemovers, specifically applied to manufactured, modular and mobile homes over 15 feet wide. The proposal states the transporter shall be held liable for damages of any kind …
Legislature Defines Blame for Manufactured Home Delivery Damage Read More
Yesterday’s run-up of 227 points was due to the Federal Reserve’s assertion that the road to higher interest rates will be slow and steady, while today the markets settled back. However, in a see-saw week somewhat similar to last, CNNMoney informs MHProNews the Dow Jones Industrial Average dropped 117.16 points, …
MHCV Slips, Tracked Manufactured Housing Stocks Mixed, Dow Drops Read More
