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.
In the news from CNNMoney: Saudi prince owns 5% of Twitter. IMF says global growth is worse since the crash. Michigan woman wins $310.5 million Powerball. 273,000 union workers face pension cuts. Billionaire Barry Diller says he will leave the country if Trump is elected. Meanwhile, the Yahoo Manufactured Housing …
LPX Posts Significant Gains Three Consecutive Days, as the Dow Gains +122 Points Read More
The Indiana Manufactured Housing Association – Recreation Vehicle Indiana Council (IMHA-RVIC) announces that Ron Breymier has been appointed Executive Director of the association. A veteran of IMHA-RVIC, he served as the Executive Director for five years from 1986-1991, and has lobbied on behalf of the association at the Indiana State …
Inspired by his year-long stint living in a converted 33-square-foot dumpster to create a mobile and affordable solution to the housing crisis, “Professor Dumpster,” Jeff Wilson has devised a modular micro-apartment housing design that slots in and out of a metal apartment framework, and fits on a moving truck bed …
Tiny Apartment Plugs into Framework, Moves to another City’s Framework Read More
The Manufactured Housing Institute (MHI) elected a new slate of officers at the 2015 MHI annual meeting, and awards were presented to those honored for outstanding achievement, according to a report from our MHProNews person in attendance. Tim Williams, of 21st Mortgage Corporation, was elected Chairman of the Board, replacing …
MHI Elects New Officers and Presents Annual Awards Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that Department of Housing and Urban Development (HUD) statistics indicate manufactured housing production rose 6.3 percent in August over last August, 6,332 HUD Code homes over the 5,955 of last year. Total industry production for the year through August totals …
In the news from CNNMoney: Oil rises to $48.53/bbl, highest in one month. Venezuela’s currency down 379% since Jan., costing Pepsi $1.4 billion. Prominent bond fund manager Bill Gross says capitalism cannot survive at zero percent. Bermuda, Cayman Islands, and British Virgin Islands are three of the largest tax havens …
Greg Yutzy of Newton, Kansas has been elected treasurer of the Kansas Manufactured Housing Association (KMHA) board of directors at the association’s 2015 annual meeting in Manhattan, KS. As the kansan informs MHProNews, he has been with Patrick Industries, Inc., a component supplier to the manufactured housing industry for 34 …
Yutzy Elected Treasurer of Kansas Manufactured Housing Association Read More
MHProNews has learned manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH) is seeking to acquire MH retail dealerships within two hours of one of their communities, and would retain current employees. Their communities are located in Tennessee, Indiana, New York, Ohio, Pennsylvania, Michigan and New Jersey. In business since …
Leading Community Operator Wants to Buy Manufactured Home Retail location Read More
A modular home currently under construction at Botetourt Technical Education Center in Roanoke, Virginia may wind up as a Habitat for Humanity home, as Habitat representatives attempt to solidify a partnership with the school, roanoke tells MHPronews. While they have not yet located a lot for the house, this will …
Student Built Modular Home will House Habitat for Humanity Family Read More
Maine Modular Manufacturing Homes owner Scott Gove requested a special exemption building permit for a client couple who want to build a modular home on 2.7 acres of family land in Lincoln County, Maine, but the Edgecomb Planning Board denied the building permit application, according to wiscassetnewspaper. After reviewing the …
In the news from CNNMoney: Stocks for gunmakers Smith & Wesson and Sturm Ruger are up 80% and (nearly) 70% respectively. Mortgage process just got a little easier for consumers. Peace in Colombia could be lucrative for investors. World poverty rate to fall below ten percent for first time. Pacific …
MHCV Gains +3.10%; Carlyle Spikes 9.19%; Dow Shoots Up 304 Points Read More
The infrastructure at the 30 home site Frost Residents Cooperative manufactured home community in Derry, New Hampshire is in need of repair, and the Derry City Council last year authorized an application for Community Development Block Grant (CDBG) funds to pay for an engineering study of the infrastructure. According to …
Councilors to Discuss Infrastructure at New Hampshire Co-operative Read More
New Mexico’s Mortgage Finance Authority (MFA) has set up a new program, Next HOME, which expands down payment and closing cost assistance, inclusive of buyers who already own a home, according to lcsun-news. Teri Baca, with MFA, says, “Next HOME allows move-up buyers with annual incomes up to $75,000 to …
Manufactured Homes Included in New Mexico Home Buyer Assistance Program Read More
As houstonchronicle tells MHProNews, roughly 85 manufactured home communities (MHCs) have closed in the greater Houston, Texas metropolitan area in the last ten years as property values in the large urban area have risen. Timbercrest Village, a 390 home site MHC set on 150 acres, all but hidden from view …
What’s New in public focused Manufactured HomeLivingNews.com Weathering the Storms: How Manufactured Homes Can Do It Better A Surprising Solution to America’s Quality Affordable Housing Crisis Whispering Pines Manufactured Home Community – Somerset PA, Inside MH Video What’s New in Manufactured Housing Industry Professional News FHFA to roll out MH …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015 Read More
According to lulegacy, Zacks has upgraded shares of Encore Wire (NASDAQ:WIRE) from a sell rating to a hold rating, and DA Davidson reduced their price target from $41.00 to $37.00 and issued a neutral rating on the stock. Meanwhile, director Gregory J. Fisher bought 1,500 shares of company stock at …
MHProNews has learned from marketwatch that UMH Properties, Inc. (NYSE:UMH) has financed four manufactured home communities (MHCs) through Wells Fargo Bank, NA for a total of $30 million. These Federal Home Loan Mortgage Corporation (Freddie Mac) mortgage loans mature in 10 years with principal repayments based on 30-year amortization schedules. …
In the news from CNNMoney: Scottrade hacked, customer data stolen. 142,000 jobs added in September, perhaps forestalling interest rate hike this year. Sweden flirts with six hour work day. Hackers steal T-Mobile USA data from Experian. Bitcoin comprises 40% of all criminal-to-criminal payments online—Bitcoin is hard to trace. Meanwhile, the …
Dow Gains 200 Points despite Weak Jobs Report for September Read More
According to nationalmortgagenews, the Federal Housing Finance Market (FHFA) will issue a final rule within the next 12 months requiring Fannie Mae and Freddie Mac to better serve the manufactured housing market and rural markets, and increase the preservation of affordable housing under the “duty-to-serve” mandate. The rule will therefore …
Secondary Market for Manufactured Home Loans Coming from FHFA Read More
MHProNews has learned from businessnews.au that an English company from Bath, UK, ApplyInnovation, will partner with a Perth, Australia contract management group to create the first manufacturing firm dedicated to modular building focusing on residential, student housing, aged care and offices. The joint venture, ApplyModularAustralia, is set to begin production …
UK Firm Collaborating with Western Australian Company to Produce Modular Homes Read More
