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.
At a meeting of the 350-member Manufactured Home Park Owners Alliance (MHPOA) of British Columbia, Canada the buzz was about the sale of communities, which has quickly become a hot real estate sector. Last year 22 manufactured home communities (MHCs) sold, with a transaction value of $30.7 million, a 26 …
More Manufactured Home Community Development Sought in BC Read More
The U.S. Department of Justice (DOJ) and Hope Fair Housing tell MHProNews that the DOJ has announced “that the owners and operators of the Williams Trailer Court mobile home park in Marion, Illinois, had agreed to pay $75,000 to settle allegations that they discriminated against African Americans and families with children, …
Justice Strikes Again – another Manufactured Home Operation Settles Case Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes fell 4.8 percent in August to a seasonally-adjusted annual rate (SAAR) of 5.31 million, below the 5.51 million economists polled by Reuters anticipated. Year-over-year sales were up 6.2 percent, but the monthly drop is a cautionary indicator, …
The $193 billion-in-assets Carlyle Group is collaborating with the owners of Pacific Skies Estates, a 93 site manufactured home community (MHC) overlooking the Pacific Ocean in California to upgrade the utilities, streets and build a 1,000-foot-long boardwalk along the edge of the bluff. The $42 million deal includes buying luxury …
Carlyle Expands Manufactured Home Community Portfolio Read More
In the news from CNNMoney: With a 17 percent stake in Volkswagen, Qatar has lost nearly $5 billion. Aids drug raised from $13.50 a pill to $750 each. Brian Williams will begin covering live, breaking news on MSNBC. VW stock drops 20 percent, as it stands to lose $7.3 billion …
Only one Covered MH-related Stock Rises; VW Shocks the World Read More
World’s Advanced Saving Project (WASP) is an Italian company that has built a 40-foot tall, 20-foot wide 3D printer that uses clay and dirt to construct low cost houses. As realtytoday tells MHProNews, the huge machine, termed Big Delta, is a large metal frame with a nozzle in the middle …
A major pipeline build covering 52 miles from Cadiz to Canton, Ohio will create 400 jobs in the Dover area to serve as headquarters for the Marathon Oil project constructed by Price Gregory pipeline company, which is leasing 20 acres for offices and storage of tools, materials and equipment, according …
Factory-built Structures will Provide Offices and Storage for Pipeline Build Read More
5 years after its passage, Dodd-Frank remains one of the hotly contested legacies of the Obama Administration. Supporters of the law believe that it provides important consumer protections. Others point to facts suggesting CFPB over-reach with respect to manufactured housing chattel – or personal property, “home-only loans” – are creating …
With the need for 250,000 homes per year needed in London, as MHProNews reported Sept. 11, 2015, last year think tank New London Architecture and the mayor headed up an international call for help to solve the shortage, receiving over 200 proposals from architects, developers, and private citizens in 16 …
London Receives 200 Innovative Proposals to Address Housing Shortage Read More
Following an article MHProNews posted May 27, 2015 concerning a grant the North Carolina Department of Environment and Natural Resources (DENR) awarded Alamance County to demolish abandoned manufactured homes (MH), nearby Rockingham County has been awarded $26,500 to discard abandoned single-section MH. As myfox8 reports, Rockingham County Code Enforcement Officer …
Another NC County Funded to Demolish Abandoned Manufactured Homes Read More
In the news from CNNMoney: Kurdish Billionaire owner of Chobani yogurt hired 600 refugees. American household income of $54,000 barely above level from 20 years ago. New oil and gas production projects valued at $1.5 trillion are in jeopardy because of plummeting prices. 2.3 million Indians apply for 368 India …
The U. S. Department of Justice tells MHProNews it has reached an agreement to settle allegations of race and familial status discrimination against the owners and managers of Four Seasons Estates Mobile Home Park in Effingham, Illinois. While the consent order must still be approved by the U.S. District Court …
According to moneyflowindex, shares of manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) jumped by 3.55 percent in the past week, and 0.01 in the past four weeks. The shares have bested the S&P 500 by 6.34 percent in the past week and 1.07 percent for the past four …
Cavco Industries, Sun Communities Shine on Wall St. Read More
Following a story MHProNews last posted March 15, 2012 regarding a former Alabama lawmaker who admitted swindling nearly $250,000 from six post-Katrina victims for new modular homes that were never delivered, a judge denied his appeal for freedom in exchange for a down payment on restitution, according to bayoubuzz. John …
Former Lawmaker who Swindled Modular Home Buyers to Remain in Prison Read More
What’s New in public focused Manufactured HomeLivingNews.com Video Previews! Home Tours – Interviews – Drones – Tips – Tech – Talk – Inside MH! Dr. David Harnish, Superintendent, Martin Public Schools – Professional’s Interview Video – Inside MH What’s New in Manufactured Housing Industry Professional News New “Inside MH” video …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 13-Sept. 20, 2015 Read More
Based on rent and occupancy trends from July 2005 to July 2015 in Colorado, benzinga informs MHProNews that Datacomp reports occupancy rates in 55+ manufactured home communities (MHCs) have risen for the third consecutive year, and now stands at 90 percent, up 1.4 percent over July 2014. The national average …
Rent, Occupancy in Colorado Manufactured Home Communities Rise Read More
MHProNews has leaned from winnipegsun that Tina McCorrister of the Peguis First Nation says 37 modular homes that were purchased from an American company for almost $3.5 million all have problems that make them uninhabitable. Mould was discovered in the first seven homes because they had not been properly wrapped …
Modular Homes Received by Canada’s Peguis are all Defective Read More
In the news from CNNMoney: Fed lack of decision gives Wall Street the jitters. 14% of American households struggle to put food on the table. America has 5.8 million job openings. Tennessee paying for community college students. IRS using technology from JFK’s era. Meanwhile, the Yahoo Manufactured Housing Composite Value …
Following a story MHProNews published Aug. 19, 2015 regarding a container housing project for the homeless in Honolulu, Mayor Kirk Caldwell now proposes a temporary modular housing facility for homeless families on the Leeward Coast. “There are not enough sites for families and as we do our enforcement actions, we …
Honolulu Planning Modular Community for Homeless Families Read More
The Mississippi Regional Housing Summit will be held in Vicksburg beginning Sunday, Sept. 20 through Tue., Sept. 22 to focus on providing affordable housing in the 2nd Congressional District. With 400 people registered to attend, and the first of its kind in the state, it is drawing public officials, vendors, …
