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.
Amid the pressing need for affordable housing in this country, as rents rise and incomes remain static, a federal tax law enacted last month may lead to the increased production of affordable rental housing, although the rise may be minimal, according to what housing experts tell nationalmortgagenews. A part of …
New Tax Law will only Increase Affordable Housing Units Tepidly Read More
MHProNews has learned from zolmax that in its most recent quarterly financials, Skyline Corp. reports it earned +0.20 earning per share (EPS), well above the -0.41 it reported for the comparable quarter last year. No other quarterly reporting financial information was immediately available. Skyline has a 52-week low of $2.17 …
After receiving what he said were threats following a CBS7 report that his son was allegedly taking advantage of customers in his manufactured home business, Odessa, TX businessman Angel Nabarette said of his son’s business, “If anything needs to be reported, it’s that Five Star Manufactured Homes is ripping people …
Manufactured Home Retailer Allegedly Absconds with Customers’ Funds Read More
GSEs Fannie Mae and Freddie Mac both increased their multifamily loans and credit enhancements business in 2015, totaling $89.6 billion on the year. Freddie edged out Fannie in volume, with Freddie writing $47.3 billion, a 67 percent increase from 2014’s $28.3 billion, while Fannie reported $42.3 billion, a 46% increase …
Government Sponsored Enterprises Grew Multifamily Loans in 2015 Read More
In the news from CNNMoney: Oil is not expected to rebound anytime soon, but will the U.S. have to bail out the domestic oil industry? Oil has fallen from $108/bbl to $30/bbl in just 18 months, and $380 billion in projects related to the industry have been put on hold. …
Skyline Gained Sharply, while the Dow reclaimed +227.64 points Read More
MHProNews has learned from builderonline that the sale of existing homes in Nov. 2015 fell 10.5 percent month-over-month and dropped 3.8 percent year-over-year, according to the National Association of Realtors (NAR). This decline marked the first year-over-year drop since Sept. 2014, despite a strong job market. National Association of Home …
Existing Home Sales Fall, perhaps due to New Disclosure Rules Read More
Opening with an analysis about the dynamics behind mainstream media coverage, MHLivingNews publisher L. A. ‘Tony’ Kovach used that to focus attention on the recent PBS NewsHour report that featured Carla Burr, titled Bad and Good – Two Sides – Manufactured Home Living and News Reporting. Kovach reminds us of the rule of …
Mortgage lenders are reluctant to finance unusual residences because they are difficult to appraise, and if they should fall into foreclosure, they are tough to sell, according to themoretgagereports. The article includes a manufactured home with a couple of barns on ten acres as an unusual asset to evaluate, and …
According to the bemidjipioneer, a public hearing will be held Tue., Jan 19 to consider the closure of the western half of the Westwood Acres Mobile Home Park in Bemidji, Minnesota. Although no reason was given for the closing, the hearing is to discuss the impact of the closing of …
MHProNews has learned from prnewswire that real estate investment trust (REIT) UMH Properties, Inc. (NYSE:UMH) will release its fourth quarter and 2015 year-end financial results on Wed., March 9, 2015 following the close of the New York Stock Exchange. Senior management will discuss the results the following day, Thurs., March …
In the news from CNNMoney: Al Jazeera America to shut down in April. Provo, Utah’s unemployment rate is 2.7 percent, and its 5.2 employment percent growth far outpaces the national average of 1.9 percent. Dow drops as oil plunges and concerns about China remain. St Louis Rams returning to Los …
Nobility Spikes, Patrick Falls, the Dow Plummets again Read More
MHProNews has learned from einnews that Wisdom Homes of America (OTC PINK:WOFAD) of Tyler, Texas is discontinuing its manufactured home retail centers and returning their energies back to the cannabis industry that has served them well beginning in 2010, according to Jim Pakulis, CEO of Wisdom. Now legal for medical …
Four Democratic House Representatives have asked the Justice Department to look into allegations of Clayton Homes and their related lenders alleged targeting of minority borrowers, based on the advocacy journalism of the Seattle Times and BuzzzFeed’s Mike Baker and Daniel Wagner. Baker and Wagner have been described as making a career …
Recently marked by work-stopping protests, threats of physical harm, and threats of lawsuits, on a calmer note relating to the furor in Dublin, Ireland over the plan to build modular homes for the growing homeless population, a civil meeting was held involving reps from two resident associations and the Balbriggan …
Balbriggan Neighbors Okay with Modulars in Neighborhood Read More
MHProNews has learned from northernstar.au that the Lismore City Council, in Queensland, Australia has unanimously rejected a proposal for a $10 million, 578 home site manufactured home community (MHC) in Goonellabah because details of the proposal do not line up with what was initially presented to the council. Originally, developer …
A Peguis First Nation family in Manitoba, Canada, which has been forced to move 15 times since the flood of 2011, moved into a brand new modular home last year only to discover it had faulty ventilation, electrical and structural problems as well as mold issues, according to winnipeg.ctvnews.ca. During …
Problems with New Modular Homes Wreaking Havoc on First Nations Land Read More
In the news from CNNMoney: Oil falls to $30/bbl. $1 trillion erased from stocks so far this year. OPEC members have war of words, may meet next month to discuss dropping production. Pennies and nickels cost more to make than they are worth. Nonprofit group now owns Philadelphia’s newspapers. Starbucks …
Skyline, Cavco, UFPI Gain in Three Figures; Dow Moves Up Read More
Following a story out of Washington, Indiana MHProNews has been covering on which we last reported Dec. 18, 2015, regarding the classification of factory-built homes into three categories for purposes of siting, existing homes would be grandfathered in. If a manufactured home has to be replaced, the replacement home must …
Indiana City Relaxes Restrictions on Replacing Manufactured Homes Read More
The 22 manufactured home communities that comprise an estimated 1,400 households in Springfield, Oregon are considered at risk if the property should become repurposed, according to kvaltv. Mayor Christine Lundberg, in her state-of-the-city address, proposed an initiative to deal with the possible displacement of MHC residents should this occur. “That’s …
MHProNews last posted a story Aug. 18, 2014, regarding the sale of portions of Bridgeton’s (New Jersey) Municipal Port Authority to Renewable Jersey, LLC of Mercer County for the production of modular homes. The plan was to create up to 120 local jobs in the 83,000 square-foot warehouse. The state’s …
Plans for Modular Home Production did not Materialize Read More
