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.
Hitting the highest rate since Feb. 2008, new single-family home sales in May 2015 rose 2.2 percent, hitting a seasonally annual-adjusted rate (SAAR) of 546,000, based on data released by the Department of Housing and Urban Development (HUD) and the Census Bureau. The rate was 19.5 percent above last May’s …
New Single-Family Home Sales Reach Highest Point in Seven Years Read More
In CNN News: Failure to reach deal with Greece over bailout sends Dow down a slippery slope, losing nearly one percent. Plus, Americans waste $900 a year in food, Alan Greenspan says U. S. real estate is stagnating, the Raleigh-Durham, North Carolina metro area has the most job opportunities, and …
Deer Valley Skyrockets +62.50 Percent; Dow Falls 178 Points Read More
The Ohio State Senate passed the state budget June 18, 2015 less the EPA (Environmental Protection Agency) provision that would require manufactured home communities (MHCs) to escrow 15 percent of the cost of a replacement water system, though not to exceed $250,000. It would have also allowed rental income to …
Objectionable EPA Provision may be Removed from Ohio Budget Read More
BLOOMINGTON — There is an emerging trend in various parts of the nation, where new manufactured home communities are being authorized by zoning officials and are being built. One of these examples is in Bloomington, IL, where the Pantagram’s Maria Nagle tells MHProNews that a site plan for a new …
Another New Manufactured Home Community Plan Advances Read More
Modular units are being used to expand the women’s section of the Livingston County Jail in Howell, Michigan. A spike in heroin related offenses has increased the female inmate population from around a dozen inmates daily 12 years ago to 60, in an area designed for 31. The new design, …
Michigan Jail Expansion will Include Modular Cells Read More
A Missouri Supreme Court decision from two years ago that made the sale of used manufactured homes (MH) taxable has been reversed and signed into law by Governor Jay Nixon. Introduced by Rep. Sandy Crawford as HB 111, the sale of used MH had not been taxable for the 20 …
At an average price of $500,000, wealthy foreigners bought a record $104 billion of U. S. residential real estate between April 2014 and March 2015, according to cnbc, accounting for eight percent of existing home sales. The National Association of Realtors (NAR) reports Chinese were the biggest purchasers attributable for …
Affluent Foreigners Purchased over $100 Billion in U. S. Real Estate Read More
MHProNews has learned Wells Fargo Commercial Real Estate has hired two industry veterans as it expands its presence in the manufactured home communities (MHC) lending sector, following the acquisition of a $9 billion portfolio of commercial real estate loans from GE Capital Real Estate that includes MHC-focused funds. Lew Grace …
Wells Fargo Beefs Up Manufactured Home Community Lending Sector Read More
In CNN News: Facebook is now worth more than Walmart, peanut allergy drug due in 2018, same sex marriage is good for business, and sales spike for Confederate flag themed items. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.33 percent to end the day at 729.5. Manufactured …
Deer Valley Regains some of Yesterday’s Loss; Nobility Homes Loses its Gain of Yesterday Read More
Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) rose +4.21 percent over the last week and +2.24 percent in the last four weeks, earning a consensus recommendation of “Buy” from analysts. The shares have outperformed the S&P 500 by 3.42 percent in the last week, and by 3.02 percent over the …
Manufactured Home Community Owner ELS outpaces S&P 500 Read More
Following a story MHProNews posted June 2, 2015 regarding modular container units to house homeless families in Oahu, Hawaii, Honolulu Mayor Kirk Caldwell refused to sign the budget in part because the city council deleted funding for the Office of Strategic Development (OSD) staff needed to operate the program. Existing …
Honolulu Modular Homeless Initiative will Seek Funding Elsewhere Read More
A financing option for start-ups, called Regulation A, will allow potential investors of more modest means the opportunity to obtain equity stakes in what could be the next Facebook or Groupon. Instead of promising companies being backed by venture capitalists and wealthy angel investors, these “mini I.P.O.s” will advertise on …
Mini IPOs Offer Smaller Investors Opportunity to Invest Read More
The National Association of Realtors (NAR) reports sales of existing homes rose 5.1 percent in May over April to their highest level since 2009. Existing home sales in May were 9.2 percent over May 2014, according to bizjournals, and year-over-year sales have risen for the past eight months. In addition, …
Existing Home Sales, First-Time Home Buyers both Rise Read More
In the News: Sales of pre-existing homes rose 5.1 percent in May, Eurozone cautiously welcomes Greece’s new repayment plan, U. S.doctors and nurses charged with $712 million Medicare fraud, and Lester Holt becomes first black news anchor. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced +1.37 percent to end …
The Santa Clarita (California) City Council is ready to consider revisions to the ordinance that governs rents for residents of area manufactured home communities (MHCs), according to signalscv. The revised proposal would base the rate on the consumer price index, setting the floor for annual increases at 2.6 percent and …
Rent Control Expanded to Include Fair Rate of Return and Non-Standard Increases Read More
Enerdynamic Hybrid Technologies Corp. (TSX-V: EHT) has agreed to acquire EVIA Finance S.A.R.L., a global manufacturer and installer of patented modular housing units for CAD (Canadian)$45.7 million, or $37,017,000 USD. Based in Luxembourg, EVIA produces proprietary modular homes that can be built in under one day, are 70 percent more …
Canadian Energy Co. Buying Modular Builder EVIA Finance of Luxembourg Read More
City Attorney Glenn Vasser of Prescott, Arkansas proposed a new mobile home ordinance at the recent Prescott City Council that puts it on the same legal footing with site-built homes in terms of foundations and placement as it relates to neighboring structures. Manufactured home communities (MHC) must be at least …
New Ordinance Details Siting of Manufactured Homes Read More
In manufactured housing news, UMH planning MHC as other MHCs closing, programs help MH buyers, MHC sells for $98k per homesite, Texas reports MH sales. In modular news, Magnolia Homes may be revived, Brad Pitt moves mods to Indian Rez, Mods house Irish homeless, micro mods go urban. In company …
Sunday Morning Recap June 14, 2015 to June 20, 2015 Read More
The Delaware Sustainable Energy Utility says thousands of Delawareans are living in energy inefficient manufactured homes whose residents are spending twice as much per square foot on energy costs, according to wdel107fm. Tony DePrima, executive director of the state-created organization, said his staff is working on a pilot program that …
Pilot Program will Provide Energy Efficient Manufactured Homes in DE Read More
A proposal by UMH Properties, Inc. originally presented ten years ago for 253 modular homes in Coxsackie, New York has re-emerged as a manufactured home community (MHC) development with 161 homes. The original plan ran into community opposition as well as a threat to an endangered bird species and a …
UMH Properties Alters Plans from Modular to a Manufactured Home Community Read More
