News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Southfield, Michigan-based Sun Communities, Inc. (NYSE:SUI) reported fourth quarter 2015 funds from operations of $48.9 million, or $0.81 earning per share (EPS), $0.04 short of what three analysts surveyed by Zacks Investment Research had estimated. Funds from operations in the real estate investment trust (REIT) is a significant indicator in …
In the news from CNNMoney: Land Rover rolls out $245,000 SUV. Millions of Mars and Snicker candy bars recalled. Free college degrees luring Americans to Europe. Oil continues to have a chokehold on stocks. Tourism slow down holding back Egypt’s recovery. Deutsche Boerse plans London Stock Exchange takeover. Bank of …
Dow Rolls Back -1.14%; More MH-related Stocks Close Down than Up. Read More
Manufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED). But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds, …
Doug Ryan: Expand the Lending Opportunities for MH Buyers Read More
According to hilltopmhc, Assetmark increased its stock in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 74,692 shares and now holds 89,260 shares with a value of $5,228,220. It increased its hold by 512.7% and now represents 0.11% ownership. The stock’s 200-day moving average is $61.60 with a 50-day moving average of …
Assetmark Increases Stake in Equity LifeStyle Properties Read More
Updating a story MHProNews posted July 21, 2014 about Wyoming Homes owner David Valenti being sued by the Pennsylvania AG for not delivering manufactured and modular homes for which he was paid, and not fulfilling contacts, timesleader reports he pleaded guilty in Luzerne County Court to 19 counts of theft. …
According to what housingwire tells MHProNews, Fitch Ratings reports that, after four years into the housing recovery, the shortage of inventory continues to plague the market, unlike past recoveries, which reduces housing options. Fitch says this is true of existing homes as well as new homes. The National Association of …
Fitch Ratings Predicts Homes for Sale Inventory to Change Little in 2016 Read More
Updating a story MHProNews posted on Aug. 22, 2015 regarding plans by the owners of Hillcrest Estates manufactured home community (MHC) to upgrade the community and add up to 70 new MH over the next ten years, the Portsmouth, New Hampshire Planning Board approved a conditional use permit for a …
Expansion for Hillcrest Estates MHC Approved by Planning Board Read More
In the news from CNNMoney: Fears of recession fall after today’s stock rally. Legendary investor Carl Icahn getting creamed by plunge in oil prices. In Hollywood, blacks and women are the exception in leading roles, not the rule. Stock of Lumber Liquidators falls 15 percent following CDC report that laminate …
While the foreign buyers entering the U. S. real estate market has been a boon to enterprising sellers, it has lead to an increase in home prices, which contributes to pricing housing out of the reach of middle class buyers, according to what mpamag tells MHProNews. Moreover, investments made by …
Christ Lutheran Church in Athens, Ohio is behind the building of the three-story modular apartment building next to the church, as athensnews informs MHProNews. The six modules that comprise the three four-bedroom apartments, a product of Unibuilt Modular Homes of Vandalia, Ohio, will be ready for occupancy by May 1. …
MHProNews last posted a story Jan. 25, 2016 concerning the standoff between the California Coastal Commission on one side, and the city of Pacifica, CA and Pacific Skies Estates MHC on the other, over the upgrade of the community by the city without an environmental review of long-term erosion, sea …
California Coastal MHC Development Project may be in Jeopardy Read More
What’s New in public focused Manufactured HomeLivingNews.com Noise and Smoke vs. Facts About Manufactured Homes and Lending What’s New in Manufactured Housing Industry Professional News Tucson MHC to be developed. Utilities now metered at MHC homes. Plans approved for MHC expansion. Patrick posts strong financials for quarter, year. MHC residents …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 14-Feb. 21, 2016 Read More
About 70 residents of Rancho Los Amigos manufactured home community (MHC) in Tucson, Arizona have been notified they will have to move by Aug. 1, 2016 to make way for a232-unit apartment complex. Alta Vista Communities has purchased the community for $4.8 million, as tucson informs MHProNews. State law requires …
Tucson Manufactured Home Community to be Developed Read More
The Heart ‘O the Hills Mobile Lodge in El Cajon, California became the first manufactured home community (MHC) of 30 in San Diego County to receive direct metering of gas and electric utilities, as eastcountymagazine informs MHProNews. Most MHCs use a master meter arrangement wherein the utilities are delivered to …
Master Metering of Utilities Upgraded to Direct Metering of MHC Residents Read More
In order to cope with rising enrollment, planning board members in Natick, Massachusetts got their initial look at six modular classrooms that will become a long-term addition to Brown Elementary School, as natick.wickedlocal informs MHProNews.. With a corridor connecting the modular units to the main building, Deputy Town Administrator Bill …
Mass. School Planning Modular Classrooms to Ease Crowding Read More
As marketbeat tells MHProNews, Zacks Investment Research changed the stock on Encore Wire Co. (NASDAQ:WIRE) from a buy rating to a hold in a report published Wed., Feb 10. Encore is a manufacturer of copper electrical building wire and cable, and is a significant supplier to the manufactured housing industry. …
In the news from CNNMoney: FBI trying to force Apple to unlock shooter’s iPhone. Schlumberger oil driller cuts 25,000 jobs, pays CEO $18.5 million in 2015. Trump outdraws Clinton on separate TV channels. India has a $4 smartphone. Jerry Seinfeld is selling 16 classic/unique Porsches—to make room for others. Barclays …
The Housing Opportunity Index (HOI) report released by the National Association of Home Builders (NAHB) and Wells Fargo reveals U. S. housing affordability rose in the final quarter of 2015. Reflecting both new and existing homes sold during the quarter, 63.3 percent of them were considered affordable to families making …
Updating a story MHProNews last posted Dec. 19, 2015 regarding an addition to an MHC at the edge of Smith Field airport, with a retention pond attracting waterfowl that can interfere with airplanes, owner Sun Communities, Inc. (NYSE:SUI) will build a ‘dry pond,’ one that will dry out within 48 …
Final Plans Approved for Expansion of Manufactured Home Community Read More
Following a story MHProNews last posted Feb. 15, 2016 regarding the (much applauded) proposed rule change by HUD that would draw a clearer distinction between manufactured homes and recreational vehicles, U. S. Representative Jackie Walorski, as co-founder of the Congressional Recreational Vehicle Caucus, led congressional attempts to clarify the distinction. …
