“There is a chronic housing shortage in many parts of the country: demand exceeding supply has resulted in property values increasing to unaffordable levels, owner occupation rates are decreasing. Market rents, being a function of property value, have also increased as more families look to the rented sector for housing,” …
Rob Ripperda of the Texas Manufactured Housing Association (TMHA) informs MHProNews the Stat Tracker indicates Texas continues to lead all states in the sales of manufactured homes. The state notched 14,861 total MH sales in 2015 through Nov., 2015. There is a 60-day window for submission of sales, and with …
A measure before a Kansas House committee would provide vocational training and equipment for inmates at the Ellsworth Correctional Facility to produce up to five homes a year that would then be sold or donated to a needy family. Current law restricts the sale of prison-made goods like dormitory and …
Kansas Manufactured Housing Association Opposes Home Building in Prison Read More
Two tri-state off-site home builders in Iowa are seeing improvements in their respective housing markets, according to thonline. Doug Stimpson, vice president and general manager of All American Homes in Dyersville, in northeastern Iowa told MHProNews that business has increased 30 percent in the last four years, and already this …
Northeastern Iowa Growing the Off-site Homebuilding Market Read More
Currently in Corpus Christi, TX, the city owns a number of vacant lots it wants to site with homes, according to what caller tells MHProNews, and intends to infill with affordable housing. Streets Committee Chairman Andy Taubman is in favor of using manufactured homes as infill, and to this end, …
City may Infill Vacant Property with Manufactured Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U. …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More
As dailydemocrat tells MHProNews, a 2006 study by the University of New Hampshire compares resident-owned manufactured home communities (MHC) to those owned by investors. The research revealed those who live in a community owned by the residents, called cooperatives, have lower site rents, higher average home sales prices as well …
Study Reveals Resident-Owned Communities pay less for Sites Read More
The board of directors of The Carlyle Group announced financial results for Q4 2015 as cnn.money tells MHProNews regarding this global asset management firm with $183 billion under asset management. With total assets on the balance sheet for Carlyle of $32 billion as of 12-31 2015, by U. S. GAAP …
Carlyle Posts Q4 2015 Financials, as it Invests in Northern Calif. MHC Read More
The Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures rule, or TRID, that went into effect in Oct. has a slight typographical error in the supplementary information, as housingwire tells MHProNews. The section in question deals with the application of tolerances to property insurance premiums and taxes, homeowner’s association dues, …
The Vermont Economic Development Authority (VEDA) has approved $14.4 million in loan and bond financing for a variety of projects throughout Vermont, according to what MHProNews has been informed by vermontbiz. Funding of $300,000 was approved to assist Vermod High Performance Manufactured Housing, LLC, a producer of energy-efficient modular homes …
Producer of High Tech Manufactured Homes Obtains Loan to Buy Facility Read More
The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reveals the cost and availability of labor remains the biggest hurdle for builders, and is expected to continue as a problem throughout this year. During the Great Recession tradespeople left the industry by the thousands because jobs …
Labor and Lot Shortage could Hinder Housing Market Recovery Read More
What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More
While the spotlight has been on the Millennials in recent years as the housing market tries to lure them out of their parents’ basements, the National Association of Home Builders (NAHB) and American Community Survey has revealed more than 48 million households in the U. S. are headed by someone …
Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030 Read More
As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing …
CMH Homes of Belfry, Kentucky, dba Oakwood Homes, is the target of a lawsuit by a West Virginia couple who claim the manufactured home they purchased and had installed on their land was defective, and/or improperly installed. Deba and Zachary Hubert purchased the home in June, 2014, according to what …
Couple suing Oakwood Homes for Alleged Defective Home Read More
The Community Action Partnership of North Alabama (CAPNA) announced local residents who have not been able to fully recover from the devastating April 27, 2011 tornadoes that wreaked havoc across a broad swath of the state may be eligible for new federal funding through the Community Development Block Grant (CDBG) …
Second Round of Assistance Available for Ongoing 2011 Tornado Damages Read More
According to statistics from the U. S. Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews HUD Code manufacturers produced 5,657 homes in December 2015, a 20.1 percent increase over the 4,707 homes produced in the same month in 2014. HUD Code …
HUD Code Production for Year Ends on a Strong Note Read More
Hitting a record high of nearly $90 billion in multifamily lending in 2015, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, are poised to hit another new lending record this year as their volume lending caps are adjusted by the government. Freddie Mac topped the two multifamily lenders …
Four-and-a-half months after the Valley Fire swept through portions of south Lake County in California, in Sept., destroying 1,280 homes and devastating over 76,000 acres, James Westrich, 82, has become the first home owner to be issued an occupancy permit, which allows him to move in, and it is for …
Manufactured Home is First Permanent Wildfire Replacement Read More
MHProNews has learned from wabi.tv the 28th Maine Manufactured Housing Show was held the weekend of Jan. 29–Jan. 31 at the Augusta Civic Center with an expected turnout of 5,000 partaking of the goods and services of over 30 vendors. Many of them assert that business is returning following several …
Maine Manufactured Home Show Held this Past Weekend Read More
