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.
Estimates released by the U. S. Census Bureau and the U. S. Department of Housing and Urban Development (HUD) indicate sales of new single-family homes in July rose 5.4 percent over June to a seasonally-adjusted annual rate (SAAR) of 507,000, besting June’s numbers of 481,000. The level is 25.8 percent …
In the news from CNNMoney: $2.1 trillion lost in U. S. stocks in six days. New York Fed says a September rate hike is less compelling. Dow skyrockets to 3rd highest gain ever. Donald Trump has news reporter Jorge Ramos removed from press conference, then allows him to return. Oil …
Manufactured Housing Stocks Close Up; Dow Regains Lost Ground Read More
Stephen D. Williamson, vice president of the St. Louis Federal Reserve, says the Fed’s quantitative easing policy of purchasing monthly debts to stimulate the economy following the Great Recession was not all that beneficial to economic improvement. He says the zero interest rates since 2008 have not promoted good inflation …
The Northern Indiana Public Service Company (NIPSCO) is offering a free Manufactured Home Weatherization Program to its residential natural gas and electric customers residing in a manufactured home. For better comfort and smaller energy bills, the upgrades a representatives can install include programmable thermostats, showerheads, faucet aerators, duct sealing, CFL …
NIPSCO Energy Program Saves MH Owners on Utilities Read More
MHProNews has learned from athensreview the Athens (Texas) City Council voted to amend an ordinance that alters the age of manufactured homes (MH) that are allowed to be sited in the city. The ordinance originally allowed MH from 1990 to be moved in, according to Athens Director of Planning and …
Texas City Allows only Newer Manufactured Homes to be Sited Read More
The owners of Logan’s Crossing Manufactured Home Community in Dallas, Georgia, in conjunction with the Paulding Education Foundation, encourage excellence in attendance and achievement by offering awards to students who live in the community. According to neighbornewpapers, Dr. and Mrs. Ron Cobb established the Logan’s Crossing MHC Fund with the …
Owners of Manufactured Home Community Honors Resident Students Read More
In the news from CNNMoney: Asia’s richest man, Wang Jianlin, has lost about $13 billion in Chinese stock crash. NRA sues Seattle over $25 gun tax. Oil prices fall below $39. Chinese government acts to stem the falling markets. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -2.35 percent …
Dow Continues Sliding; Manufactured Housing Stocks Close Mixed Read More
If Zad Roumaya has his way, the Cedars in south Dallas, Texas will be the site of a complex of 320 square-foot modular container homes in an area currently undergoing a transformation, according to dallasobserver. Once an area known for its stately Victorian homes, in the 1960s many of the …
Minimalist, Modular Container Homes Develop in Dallas Read More
According to the U. S. Census Bureau, home ownership fell to 63.4 percent in Q2, the lowest rate since 1967. Concurrently, renter-occupied units rose by two million from the previous year. MHProNews has been informed by bloomberg that BlackRock Inc., the world’s largest money manager, is jumping in to the …
Association leaders are telling MHProNews that there has been a notable ‘quiet’ during the first month of the implementation of the CFPB imposed Appraisal Rule on HPML loans. One association leader told us off the record that “I’ve had no reaction whatsoever, so I must assume everyone is coping.” Mary …
Appraisal Rule on HPML Manufactured Home Loans – 1 Month Impact? Read More
Sherkston Shores manufactured home community (MHC) in Ontario, Canada is a 560-acre resort south of Niagara Falls owned by Carefree Communities, with 1,700 manufactured homes that owners occupy from May to October on the shores of Lake Erie. There are also 80 rental cottages and 40 rustic cabins as well …
Canadian Land Lease Community Offers Lake Erie Vacationing Read More
According to themortgagereports, the National Association of Realtors (NAR) says rising rents, a favorable lending environment and low mortgage rates are driving the market for homes nationwide. In January, the median time for homes to be on the market was 69 days—half the homes sold in less than 69 days, …
In the news from CNNMoney: China stocks plunge but the government still has ability to stop the fall. Will market plunge affect the interest rate hike? Donald Trump to appear on cover of Rolling Stone. Airbnb valued at over $25 billion. Stock market is down, but job growth and home …
Deer Valley Shines; Dow, Nasdaq, S&P Continue Tarnished Fall Read More
In the wake of the Dow Jones’ precipitous fall of 530 points last week, Brett Arends, writing for marketwatch, says while the “perma bulls,” as he calls them, are gloating while the stocks continued ascending with barely a hitch, to characterize this as another buying opportunity he says is nonsense. …
Could the Dow Jones Drop 1,000 Points? History says Maybe Read More
A decision by the owners of Burt Estates manufactured home subdivision in Diamond, Illinois to install water meters on each property has angered some of the residents of this 187-home site community, according to morrisherald-news, to the extent they intend to form a homeowners association. Residents also mentioned old electrical …
Manufactured Home Community Installing Individual Water Meters Read More
Goleta, California-based Community West Bancshares reported a loss of $2.3 million in Q2 2015 in the wake of a $7.2 million settlement to resolve litigation regarding residential mortgage loans sold to Residential Funding Company, a real estate investment firm. Otherwise, the company’s net income would have been $1.9 million, up …
Community West Bancshares to Focus on Manufactured Home Loans Read More
What’s New in public focused Manufactured HomeLivingNews.com Stan Dye talks Manufactured Home Lending and MH Site Preparation Do-It-Yourself Heat Tape Video! Prevent Winter Freeze Ups for Manufactured Homes and Houses over Crawl Spaces What’s New in Manufactured Housing Industry Professional News PBS Story on MH Finance Due. Sun, UMH, Adding …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 16-Aug. 23, 2015 Read More
The owners of the Hillcrest Estates manufactured home community in Portsmouth, NH received unanimous approval from the Portsmouth Planning Board for conditional use permits to upgrade the community, much to the delight of some 50 residents who stood and applauded the vote, reports seacoastonline. First developed in the 1960s, attorney …
New Owners of Land Lease Community Bring Applause from Residents Read More
Kingsley Management Corp. of Provo, Utah has acquired two Manatee County, Florida 55+ manufactured home communities (MHC) for $27.8 million. The 244-home site Palm Bay was sold for $13.1 million, while the adjacent 235 home site Colonial Mobile Manor went for $14.7 million. Both communities, according to businessobserverfl, are in …
Two Age-Restricted Manufactured Home Communities sold to Kingsley Read More
MHProNews has learned PBS News will soon be doing video interviews focusing on manufactured home lending. Sources tell us the interviewer will do a balanced report with views from both sides of the issue. Dr. Lesli Gooch from the Manufactured Housing Institute (MHI) writes how Dodd-Frank is harming the very …
PBS Segment on Manufactured Home Lending; MH Pros Need to Work Together Read More
