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.
With the only verification of complaints by consumers against companies that there was a transaction of some sort, the mortgage finance industry remains perplexed by the Consumer Financial Protection Bureau’s publishing of unverified and anonymous charges against specific companies in their complaint narrative database. Since many of the complaints contain …
According to the CoreLogic Home Price Index, home prices increased 6.9 percent in July over a year ago, and rose 1.7 percent over June, including distressed sales. Home prices rose 6.7 percent year-over-year if distressed sales are excluded, and were up 1.5 percent month-over-month, as reported by nationalmortgagenews to MHProNews. …
In the news from CNNMoney: Tomorrow’s jobs report could tip the scale as to whether the Fed raises interest rates. Economists expect 200,000 jobs were added, and that the unemployment rate has fallen to 5.2 percent. The International Monetary Fund says it’s too early to raise interest rates. Falling demand …
Most MH Related Stocks Nudge Up; Analysts Await Tomorrow’s Jobs Report Read More
Capital One informs MHProNews that it arranged a $4.9 million fixed-rate Fannie Mae loan for the acquisition of a manufactured home community (MHC) in Canyonville, Oregon, 185 miles south of Portland. Completed in 2009, Knoll Terrace is a 134-homesite age-restricted community in a forested area, and the homes have two-car …
Fannie Mae Loan Arranged for sale of Manufactured Home Community in Oregon Read More
The Wildwood Home Owner’s Association in Sandwich, Illinois is sponsoring its third annual House Walk, Sept. 12, to acquaint visitors with the positive features of manufactured homes (MH) and living in a manufactured home community. As kendallcountynow informs MHProNews, six residents are opening their homes to help attendees understand the …
Wildwood Manufactured Home Community Sponsors House Walk Read More
MHProNews has learned from ktvz that Oregon offers first-time homebuyers the opportunity to purchase a home at below-market interest rates, according to Oregon Housing and Community Services (OHCS), including manufactured homes (MH). Using the proceeds from tax exempt revenue bonds, the Oregon Bond Loan program has two options: the first …
Oregon Assists First-time Homebuyers with Low Rates Read More
In a research report issued on Tuesday, C. L. King upgraded Patrick Industries (NASDAQ:PATK) from a “buy” rating to a “strong buy” rating, according to dakotafinancialnews. A manufacturer of component products and distributor of building products and materials to the manufactured housing (MH) and recreational vehicle (RV) industries, company stock …
Patrick Industries’ Stock Rises following Acquisition Read More
Following a Supreme Court’s ruling in June regarding disparate impact, and the subsequent requirement that cities receiving HUD funding must be wary of siting affordable housing away from amenities and the opportunities of urban living, two Chicago activists highlight the problem of transportation inequality, according to nextcity. Brendan Sanders of …
Transit Oriented Development in Relation to Affordable Housing Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that both houses of the legislature voted to allow modular buildings and housing to be built four stories high, or 60 feet. Several of TMHA’s members expressed an interest in building modular hotels, multi-family and assisted living facilities in order to compete …
Modular Building Raising the Roof One Floor; MH Related Bills that were Checked Read More
In the news from CNNMoney: Volatile markets rock China’s stocks. Smart stethoscope will transmit heartbeat digitally via Bluetooth to specialist. As oil prices dip, ConocoPhillips lays off 10% of workforce, stock plunges 40% in one year. Two dollar gas is near. New Star Wars toys on sale Friday Meanwhile, the …
A poll commissioned by the U. S. Consumer Coalition and conducted by Zogby Analytics revealed 55 percent of consumers compare the Consumer Financial Protection Bureau’s (CFPB) financial data collection methods to the National Security Agency’s domestic surveillance programs, saying they are both intrusive, according to news.heartland. Stating the CFPB infringes …
Poll calls Consumer Financial Protection Bureau Intrusive, Existence Challenged in Court Read More
According to ncconsumer, a bill in the North Carolina House Judiciary IV Committee would no longer require manufactured home dealers to return all payments made on a purchase if the dealer changes the terms of a signed contract. As MHProNews understands, the dealer would only be liable for the initial …
Bill in North Carolina Legislature would Alter Manufactured Home Sale Terms Read More
Following a story MHProNews last reported Aug. 11, 2014 regarding an affordable modular housing unit being built in Kips Bay in New York City, applications are now being taken for 14 of the planned 55 modular apartments. Former Mayor Michael Bloomberg had waived zoning regulations at a city-owned property at …
Applications being Taken for Affordable Modular NYC Units Read More
A pioneer and innovator in the manufactured home industry in Georgia for over 35 years, William “Bill” Edwards passed away in Moultrie, Georgia Aug. 31, 2015. He co-founded Destiny Industries, Inc. in 1978 as a HUD Code manufacturer, building a distribution network across the southeastern U. S. with sales growing …
They are both from the MH Communities sector of manufactured housing. They live in different parts of the U.S.. They could readily be described as a study in contrasting styles and views. As was reported on the Masthead blog, and the Daily Business News earlier today, the new September issue …
As elkharttruth reports, Patrick Industries of Elkhart, Indiana has acquired North American Forest Products, Inc. and its wholly-owned subsidiary, North American Moulding LLC of Edwardsburg, Michigan for $85 million. North American manufactures and distributes wood and wood products primarily used in the production of manufactured homes (MH) and recreational vehicles …
In the news from CNNMoney: Oil prices fall 7%. Fears of China’s slowdown reflected in the three major indices downturn. Iran’s oil production will blossom if sanctions are lifted. Canada slips into recession in wake of oil decline. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -1.16 percent to …
Writing in MHHomeLivingNews, award-winning writer Jan Hollingsworth recounts the story of the older gentleman, likely a farmer, in bib overalls who visited a manufactured home dealership in Kentucky. After two hours of perusing the possibilities of different homes, he chose one. But when he asked the salesman for help in …
The upcoming byelection in Canning, in Western Australia, will see a candidate for the Greens party who is a strong supporter of factory-built home construction, according to communitynews.au. Vanessa Rauland, a Curtin University lecturer, renewable energy advocate and small business owner has a background in low carbon urban development, and …
Candidate in Aussie Election Supports Manufactured Housing Read More
August 2015 is now in the history books, and there were some records in readership on the manufactured housing industry’s flagship trade journal e-publication, MHProNews. Webalizer reports that there were 5 days in August that “hit-counts” on this site topped 100,000 in a day. On August 21st, that Webalizer report …
Serious September – Controversial, Challenging, Compelling New MH Issue Looms Read More
