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.
The Town Council of China Grove, North Carolina approved an eight home site subdivision on N.C. 152, according to what salisburypost tells MHProNews. Peyton Crossing was approved by the council in 2008, just as the country was experiencing the housing downturn, but that approval was only good for two years. …
Subdivision Approved for Modular Development in North Carolina Read More
With favorable mortgage rates and incomes rising as stimulus, new home sales rose nine percent November year-over-year, and four percent above October, according to statistics from the Census Bureau and the Department of Housing and Urban Development (HUD), according to themortgagereports. Nationwide mortgage rates are around four percent, and with …
The Greater Manchester Property Value Fund (GMPVF), part of the Greater Manchester Pension Fund, has agreed to underwrite the development of 43 modular homes, in an agreement with Urban Splash, at New Islington, Manchester, in the UK. Nathan Cornish, director of Urban Splash, said: “The deal is a huge endorsement …
As oil drilling in North Dakota scales back due to the worldwide drop in oil prices, Morningstar Credit Ratings tells nationalmortgagenews nearly $125 million in securitized loans backed by real estate may be in jeopardy. The debt represents over a third of nearly $340 million of commercial mortgage-backed securities connected …
Real Estate Losses in Western North Dakota Start to Mount Read More
In the news from CNNMoney: U. S. dollar begins year strong. Gun investors love Obama. Saudi Arabia “cradle-to-grave” perks under threat. Incomes for whites in Chicago rose +33%; for blacks, incomes have dropped -4%, 1990-2012. Europe’s gun laws becoming more stringent. GM invests $500 million in Uber’s competitor Lyft. Tech …
According to a report released by the Government Accountability Office (GAO), as nationalmortgagenews tells MHProNews, the Dodd-Frank Act is expected to have a $100 million impact on the bottom lines of community banks and credit unions in the form of higher expenses and forgone revenues. Regulators continue to verify actual …
Government Accountability Office Evaluates Dodd-Frank Act Effects Read More
The overall amount of fraud risk in home loan documents has been falling, according to what scotsmanguide tells First American, having dropped by 8.2 percent year-over-year Nov., and down 1.3 percent from Oct. to Nov., 2015. First American’s Loan Application Defect Index has dropped 23.5 percent since it reached its …
This graphic from the Virginia Manufactured and Modular Housing Association (VAMMHA) offers a slightly different view of the shipments of HUD Code homes, comparing 2014 to 2015, and broken down into categories. As MHProNews understands, the entire report, from the Institute for Building Technology and Safety (IBTS) is broken down …
In Depth Overview of HUD Code Production for November Read More
According to themortgagereports, home values have reached new highs for the first time in eight years, since early 2007, but not adjusted for inflation. The Federal Housing Finance Agency (FHFA) publishes the Home Price Index (HPI) which reveals that property values rose +0.5 percent in October, marking the 23rd consecutive …
Mortgage Application Approvals and Home Values Rise Read More
In the news from CNNMoney: Gold rises on global fear. Oregon is the number one destination state for people moving. New York state will pay up to two years of student loan bills for residents. Volkswagen may have to pay $18 billion in U. S. fines. Fears of China’s manufacturing …
No Covered MH-related Stock Gains as the Dow Hits the Skids Read More
MHProNews has learned that usmodularinc reports Europeans have been eying the U. S. housing market for years with their improved technology in the area of prefabricated homes, and have begun to jump in, much like the Japanese did with small, high mileage, inexpensive cars. Eschewing converting an existing building to …
U. S. Modular Home Builders need to Sharpen their Saws Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics from the Department of Housing and Urban Development (HUD) indicate the production of HUD Code manufactured homes in Nov. grew 20.6 percent above Nov. 2014, 5,980 over 4,955 last year. On the year, cumulative production stands at 64,887 …
According to a document filed with the Securities and Exchange Commission, MHProNews has learned from dakotafinancialnews Jeffrey L. Et Al Gendell has sold another block of Patrick Industries, Inc. (NASDAQ:PATK) stock. As recorded Dec. 29, 25,000 shares were sold at an average price of $43.01, for a total transaction value …
PBS NewsHours website has a paragraph below their video report aired on January 2, 2016 that reads as follows: “Twenty million Americans live in mobile, or manufactured, homes that offer affordable housing, particularly in rural parts of the country. Typically older and poorer than traditional homeowners, manufactured homeowners often face …
What’s New in public focused Manufactured HomeLivingNews.com College Education Made In Perpetuity – The Kalamazoo Promise; Von Washington Jr – where Affordability and Quality of Life Meet Home/Manufactured Home Article/Lies, Advocacy Journalism and Statistics – Seattle Times/BuzzFeed Attacks, Warren Buffett’s Clayton Homes Defends – charges of Racism and Discrimination – …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016 Read More
MHProNews has learned from wave3 that Kentucky-based SSK Communities has acquired two manufactured home communities (MHCs) in Evansville, IN comprising 1,100 home sites, both of which will have new names. Eastbrook Manufactured Housing Park will become Waterford Pointe, and Westbrook Manufactured Home Park will be renamed Grandin Pointe. SSK partner …
SSK Adds Two Manufactured Home Communities in Indiana Read More
Adding to the growing number of resident-owned manufactured home communities (MHC) in New Hampshire, Green Meadows Mobile Home Park in Concord has become Freedom Village Cooperative after the residents banded together and purchased the community for $4.25 million, the same price a third party had offered owners James and Kathy …
Manufactured Home Community becomes Co-op in New Hampshire Read More
In a disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned that on Dec. 24, 2015 Jeffrey L. Et Al Gendell unloaded another block of Patrick Industries, Inc. (PATK) stock. The 15,431 shares were sold at an average price of $42.07 for a total value of $645,395.87, …
While the U. S. stock exchanges are closed today in honor of New Year’s Day, MHProNews is offering a comparison of MH-related stocks we cover daily from Jan. 1. 2015 to Dec. 31, 2015. The first quote shown for each stock is from Jan. 1, 2015, the second is from …
Stock Markets Closed Today; Peruse 2015 in MH-Related Stocks Read More
The staff of MHProNews and MHLivingNews wishes you and yours a most happy, healthful and prosperous New Year in 2016. Programming note – the new issue of MHProNews featured articles are scheduled to go live on the home page the evening of January 2, 2016. ## (Image credit: …
