According to 10news, San Diego County in California has approximately 2,000 homeless military veterans and many more who are low income. V Micro Communities President Bill Rigdon says he can build a 140 modular unit rental development in nine months, but permits through the city could take three years. Rigdon …
Residents of the Hala Point Mobile Home Park in Panama City, Florida are concerned that a 40-unit apartment development will increase flooding in the community because the county’s drainage system is inadequate, according to newsherald. County storm water engineer Josee Cyr says, “The drainage system out there is probably adequate …
Manufactured Home Community Residents Concerned Development will Increase Flooding Read More
Following up on a story MHProNews last posted Sept. 26, 2014 regarding the acquisition of Skyline Corporation’s RV sector by EverGreen Recreational Vehicles, Skyline’s board of directors’ Special Committee has retained Western Reserve Partners LLC for financial advice and Ice Miller LLP of Indianapolis for legal advice to evaluate strategic …
Skyline Hires Advisors for Financial and Legal Guidance Read More
The Federal Reserve has announced the end of its Quantitative Easing program to stimulate the economy after six years of buying up bonds, but says it will not likely raise interest rates until next year. Dan Greenhaus, chief strategist at market research firm BTIG in New York, says, “It’s in …
Luci Ellis, the Australian Reserve Bank’s head of financial stability, addressing a Sydney University urban planning forum, says housing crashes do not increase affordability. “Housing prices are lower, yes, but capacity to pay is also lower,” she notes. Professor Kirk McClure of the University of Kansas, while noting the U. …
Australia Taking Lessons from U. S. Housing Crisis Read More
Instrumental in the formation of the Consumer Financial Protection Bureau (CFPB) and a strong proponent of financial reform, U. S. Senator Elizabeth Warren (D-Massachusetts), noting the rise in non-bank mortgage servicers, is asking the Government Accountability Office (GAO) to investigate the risks to consumers. A report by the Federal Housing …
Senator Elizabeth Warren Raises Concerns over non-bank Mortgage Servicers Read More
Responding to New Zealand’s low housing productivity, especially in the wake of the earthquake in Feb. 2011 in Christchurch that destroyed thousands of homes, Dan Tremewan’s prefabricated homes are the first to be constructed with lightweight timber panels and cross-laminated solid wood from locally grown douglas fir and pine. As …
Commenting on The Atlantic‘s article about manufactured housing (MH), the CFPB and MH financing, Amy Bliss of the Wisconsin Housing Alliance, compliments the piece for citing facts such as: > energy efficiency, > less waste in the building process, > availability to middle-incomers, while acknowledging the difficulty in finding financing …
The Atlantic’s article on Manufactured Housing Evoked Comments Read More
Several positive corporate returns, rising consumer confidence and lower gasoline prices contributed to stocks rising in today’s trading on the Big Board, as the Dow crossed over the 17,000 mark. Dow Jones Industrial Average 17,005.75 +187.81 (+1.12%). Nasdaq 4,564.29 +78.36 (+1.75%). S&P 500 1,985.05 +23.42 (+1.19%). The Yahoo! Finance Manufactured …
Seen lower prices at the pump lately? Saudi Arabia has enough petroleum reserves and funds to sustain itself for eight years with Brent crude at $83/bbl. – and they are now undercutting the competition to gain market share – to counter production increases in Canada and the U. S., businessincanada …
Saudi Arabia Responding to Competition from North American Fracking Read More
Since the formation of the Consumer Financial Protection Bureau (CFPB) in 2011, which the financial services industry fought to prevent, Republicans in the House and in the Senate have said it is an intrusion of government into the market. If the Republicans take control of the Senate in the upcoming …
If the GOP Takes the Senate, the CFPB may Take a Bath Read More
Following a story MHProNews last posted Aug. 18, 2014 regarding the conversion of an 83,000 square foot warehouse into a modular home manufacturing plant, the company, Renewable Jersey, LLC intends to hire 120 workers as part of the first phase, and received approval from the state’ finance board. Economic Development …
Stocks were mostly flat in today’s trading as the Dow and Nasdaq rose barely, and the S&P slipped slightly. Dow Jones Industrial Average 16,817.94 +12.53 (+0.07%). Nasdaq 4,485.93 +2.21 (+0.05%). S&P 500 1,961.63 -2.95 (-0.15%). The Yahoo! Finance Manufactured Housing Composite Value: 537.5 Today’s Change: -3.81%. As of 4 PM …
Liberty Homes Plummets, Skyline Rebounds; Dow and Nasdaq Slip Slightly Read More
Mermaid Manor Mobile Home Park in Bradenton, Florida has been sold for $2.1 million by Harold E. Crye to an undisclosed buyer. Crye’s company, Mermaid Manor LLC, paid $1.2 million for the manufactured home community (MHC) in March 2013 following a foreclosure involving prior owner CPM Properties LLC of Tampa, …
The Dow Jones Industrial Average posted its best week in nearly two years, gaining 426 points, as many of the housing stocks we track also landed in the black in today’s trading. Dow 16,805.41 +127.51 (+0.76%). Nasdaq 4,483.72 +30.93 (+0.69%). S&P 500 1,964.58 +13.76 (+0.71%). The Yahoo! Finance Manufactured Housing …
Elkhart, Ind.-based manufactured housing component supplier Lippert Components Inc., will receive a $200,000 Michigan Business Development Program grant for a $1.7 million investment creating 102 jobs in an expansion of recently acquired Innovative Design Solutions, Inc (IDS). The Michigan Economic Development Corporation announced approval for the project in Sterling Heights, …
MH Component Supplier Lippert Expanding IDS in Michigan Read More
Following a story MHProNews last reported on July 2, 2014 regarding conditions and rent at the Easton Mobile Home Park in Easton, Massachusetts, the Board of Selectmen refused to roll back rents from $468 to $293. Acting as the Mobile Home Park Rent Control Board, the board members expressed fears …
Easton Rents Hold, but Community Owners Must Make Repairs Read More
Strong third quarter corporate results fed investors’ appetite, spurring the three major indexes to continue regaining losses incurred earlier this month. All but one MH related stock rose or remained unchanged. UFPI gained the most of tracked stocks, moving up +3.68 percent. Dow Jones Industrial Average 16,677.90 +216.58 (+1.32%). Nasdaq …
Manufactured Housing Stocks Perform Well in Today’s Trading Read More
The National Association of Realtors (NAR) reports homeownership for the under 35 year-old crowd has fallen from 43 percent in 2005 to 36 percent today, according to nationaljournal. Even with very affordable interest rates, the Millennial generation in many cases is saddled with student debt, putting a damper on their …
A growing trend for the last decade has been an influx of foreign buyers from Asia, Australia and Europe purchasing homes in the U. S., which is actually helping the real estate market price recovery. A report by the National Association of Realtors says $22 billion of the $92 billion …
International Real Estate Buyers Spur U. S. Housing Market Read More
