A proposal before the Affordable Housing Committee in Bluffton, South Carolina would replace 24 pre-HUD Code homes with new modular homes, ranging from a one-bedroom, 600 square foot home to a four bedroom model with 2,000 square feet. According to islandpacket.com, prospective owners could make no more than 120 percent …
Property transfers from Salem, Ohio reveal a manufactured home with ten acres on Foundry Hill Road was sold by Marcia Griffith to Corey Griffith for $37,747, according to salemnews.net. A manufactured home on a lot on Dunn Road was sold to David and Thelma Gabbert by John Gamble, Jr. for …
Next Step Homes is the factory-built home distribution channel for parent company Next Step Network, which mobilizes nonprofit resources to provide affordable and ENERGY STAR homes for low income residents across the nation. Next Step couples its 25 nonprofit community housing development organizations with heavy hitters in the factory-built housing …
Private, Public Alliance Provides Efficient Factory-built Homes to Low Income Americans Read More
Government-sponsored enterprise (GSE) Freddie Mac will begin purchasing and securitizing manufactured housing loans immediately, according to John Cannon, senior vice-president of the multifamily division. As globest.com informs MHProNews.com, Freddie sees manufactured homes as key to affordable housing. Cannon says, “It broadens our geographic footprint and creates a more balanced approach.”## …
Updating a story MHProNews.com last posted April 25, 2014 concerning an MHC in Richmond, Maine that was ordered closed due to water and sewer problems because owner Russell Edwards allegedly said he could not afford repairs, residents now want to buy the community. According to wmtw.com, while Edwards is scheduled …
In its first quarter, 2014 financials, manufactured housing community (MHC) owner Sun Communities, Inc. (SUI) reports funds from operations (FFO) of $38.3 million versus $31.7 million for the first quarter, 2013. Net income attributable to common stockholders in Q1 2014 was $7.8 million versus $5.7 million for the same period …
Sun Communities Releases 1st Quarter 2014 Financials Read More
Sam Zell, chairman of Equity LifeStyle Properties (ELS) and Equity Residential (EQR), says homeownership may continue to fall as low as 55 percent because so many Americans are postponing marriage and having children. According to Census Bureau data, the homeownership rate dropped from 65.2 percent in Q4 2013 to 64.8 …
In a far-ranging interview with MHProNews publisher L. A. “Tony” Kovach, Clayton Homes founder Jim Clayton discusses his path from acquiring his first mobile home, when he initially realized the profits of manufactured homes over cars, to the concept of vesting company employees with ownership rights and responsibilities. Armed with …
Following a story MHProNews posted yesterday regarding the planned markup Tue., April 28 by the Senate Banking Committee of housing finance reform that includes provisions supportive of the manufactured housing industry, that discussion has been postponed. In an Action Alert from Manufactured Housing Institute (MHI) Chairman Nathan Smith said, while …
North of the border in Saskatoon, in Central Saskatchewan, Canada, 27 modular homes built in 2010 by Lethbridge’s Triple M Housing are alleged to virtually all have water problems—either leaky basements, roofs, or windows, sometimes more than one. Having changed its name to Vantage Developments, the company says the warranties …
Marking the first gain in nine months, the National Association of Realtors (NAR) Pending Home Sales Index rose 3.4 percent in March to 97.4 from 94.2 in February, although it is 7.9 percent below March 2013. As worldpropertychannel.com reports, this year’s existing home sales began tepidly, and are not expected …
The monthly consumer sentiment index from the University of Michigan and Thomson Reuters rose to 84.1 from 80 the previous month, surprising many economists who had expected an 82.5. The April reading was short of the 85.1 level reached in July, which was the highest since 2007, before the Great …
A private Chinese company has built ten stand alone homes in 24 hours, using a huge 3Dprinter and construction waste mixed with cement, according to gizmag.com. Suzhou-based construction materials firm Winsun creates cement/glass panels in a central factory and ships them to the site for assembly. MHProNews.com has learned the …
A coalition of over two dozen conservative groups has sent a letter to the Senate Banking Committee urging members to oppose the Johnson-Crapo housing finance reform bill because they say the measure would lead to more government intervention in the mortgage market, increasing moral hazard and taxpayer risk. As nationalmortgagenews.com …
Conservative Coalition Opposes Senate Housing Reform Measure Read More
Chairman of Berkshire Hathaway billionaire investor Warren Buffett says his company may get involved in housing finance once Fannie Mae and Freddie Mac are out of the picture. Similar to what has been proposed in the Senate, he says the government should be the backstop of last resort in a …
The National Association of Realtors (NAR) report existing home sales in the U. S. slipped 0.2 percent to a seasonally adjusted annual rate (SAAR) of 4.59 million in March, down from 4.60 million in February, and 7.5 percent lower than the 4.96 million for sale March 2013. As worldpropertychannel.com reports, …
With perceptions of factory-built home dwellers still stigmatized in British Columbia, Canada, especially on a popular TV comedy show called “Trailer Park Boys,” which depicts low-rent lifestyles, British Columbia’s biggest pension fund, the BC Investment Management Corporation (BCIMC), hopes to change that perception. BCIMC acquired Parkbridge Lifestyle Communities, Inc. in …
Parkbridge Lifestyle Changing Perceptions of Modular Homes Read More
According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units for March. Based on data from the U. S. Department of Housing and Urban Development (HUD) and the Census Bureau, sales dropped 21.5 …
The annual Oxford, Maine Home Show begins Friday, April 25 along Route 26 with new manufactured and modular home models on display at Schiavi Home Builders, Turn Key Homes of Maine and Twin Town Homes. Billed as the largest show of its kind in New England, Norway Savings Bank, the …
Clayton Homes, Inc. of Maryville, Tennessee has embarked on an effort to encourage owners of older manufactured homes (MH) to trade their home for a new energy efficient MH and avoid potentially costly repairs to an older model. A Clayton Home Center representative will evaluate their current home and the …
