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.
Orders for big ticket items, a surprise decline in retail sales and a steep drop in existing home sales instilled fears of a weakening economy in investors, driving down the Dow Jones Industrial Average in today’s trading -292.60 points, -1.62 percent, to end at 17,718.54. Meanwhile, the Nasdaq plummeted -118.21 …
Economy Fears Drive Down Tracked Manufactured Home Stocks, MHCV Read More
KW Communications has informed MHProNews that Federal Capital Partners and Horizon Land Co. LLC have purchased eleven manufactured home communities (MHCs), primarily in western New York, for $88 million. This 2,413 home site transaction brings to 32 MHCs the two companies own with a total of 5,600 home sites. The largest …
Demand, Sales Rise for Manufactured Home Communities Read More
LaDonna Sue Smith, wife of Stephen Smith of Oklahoma City, Oklahoma passed away suddenly March 20, 2015. An innovative hairdresser, LaDonna was a Bible study leader, involved in prison ministry, and sang in a band called AudioSilver. Her husband, Stephen, is vice-president of Durham Supply, a leader in the manufactured …
On March 16, a delegation of Manufactured Housing Association for Regulatory Reform (MHARR) executives met with U. S. Department of Energy (DOE) Deputy Assistant Secretary for Energy Efficiency Dr. Kathleen Hogan, and other officials, to discuss manufactured housing (MH) energy rules under consideration by DOE. MHARR tells MHProNews the rulemaking …
MHARR Questions Energy Department rules Governing Manufactured Housing Read More
With European stocks out gaining the U. S. stock market this year, drawing U. S. funds into overseas markets, and the middle class shrinking in every state since 2000, CNNMoney tells MHProNews the Dow Jones Industrial Average dropped-104.90 points in today’s trading, -0.58 percent, to close at 18,011.14. Meanwhile, the …
MHCV Advances to 650.5; Investors Heading to Europe, Dropping Dow Read More
The Hollywood Hotel and Casino – along with the neighboring Resorts Hotel and Casino – are the site for this years 2015 Tunica Manufactured Housing Show. Differing from the previous Harrah’s property, the Hollywood lives up to its name by featuring scenes and memorabilia from Hollywood movies and TV Shows. …
From Hollywood to Manufactured Housing Professional Growth, Profit Read More
Unlike the three major indexes, the Manufactured Housing Composite Value (MHCV) moved up +0.32 percent to close at 641.3. Oil dropped -0.17 percent to 47.38, often a portent for the Dow Jones Industrial Average which fell -11.61 points, -0.06 percent, to end the day at 18,116.04. The Nasdaq slipped -15.45 …
MHCV Gains, Tracked Stocks Close Mixed, Deer Valley Plummets Read More
In a measure to preserve housing affordability while shielding taxpayers from another bailout, nationalmortgageprofessional tells MHProNews three Democratic representatives on the House Financial Services Committee have reintroduced housing finance reform legislation. Reps. John Carney (D-DE), John K. Delaney (D-MD) and Jim Himes (D-CT) first introduced the Partnership to Strengthen Homeownership …
Housing Finance Reform Bill Balances Public vs Private Read More
MHProNews has learned from Benzinga that 2015’s best performing real estate investment trusts (REITs) are manufactured home community owners. Equity LifeStyle Properties, Inc. (ELS), Sun Communities, Inc.(SUI) and UMH Properties, Inc. (UMH) averaged a 9.4 percent growth rate this year through mid-March. Sun owns and operates 242 MH and RV …
The ‘all new’ 2015 Tunica Manufactured Housing Show long-range forecast suggests that you bring a jacket and umbrella, so MH pros can take advantage of the hot deals and free business building seminars predicted for the event. The 2015 Tunica Show is dubbed ‘all new’ by its organizers, as the …
The Consumer Financial Protection Bureau (CFPB) has finalized its online system for allowing consumers to file complaints on its complaint portal, as americanbanker tells MHProNews. Initially, only the name of the institution and the product was to be named, but now consumers will be able to enter a narrative of …
CFPB Defines Consumer Complaint Clearinghouse; Industry Complains Read More
The Yahoo! Finance Manufactured Housing Composite Value spiked, gaining +4.40 percent, to end the day at 639.3, while stocks we cover related to the manufactured housing liked what they were hearing today as all except two stocks—Skyline Corp. and Third Avenue Value Fund (which actually is trailing one day)–closed down …
MHCV Gains, Most Tracked Stocks End the Week on Positive Note Read More
The Manufactured Housing Institute (MHI) informs MHProNews the Ohio Supreme Court struck down a zoning law as unconstitutional that was designed to eliminate manufactured housing from Lodi, Ohio. The zoning code states any property considered noncomforming that is vacant for six months is considered abandoned. In the case of manufactured …
State Court Strikes Down Law that Harms Community Owners Read More
A Senate bill before the North Carolina General Assembly, to improve the safety of roads in the state, addresses the accountability of professional housemovers, specifically applied to manufactured, modular and mobile homes over 15 feet wide. The proposal states the transporter shall be held liable for damages of any kind …
Legislature Defines Blame for Manufactured Home Delivery Damage Read More
In Boston’s bid for the 2024 Olympics, Mayor Martin Walsh sees an opportunity for city planning and infrastructure improvements that need to done regardless of whether the bid goes through or not. He envisions modular housing units at the Olympic Village, which could be sited at the University of Massachusetts. …
Olympics’ Athlete’s Village could Result in Affordable Modular Housing Read More
Inhabitat tells MHProNews that Taco Bell has rolled out a modular Taco Bell stand at the SXSW movie and music festival in Austin, Texas. Constructed of three shipping containers, the iconic restaurant is testing the concept to determine consumer reaction as it seeks to expand across the nation. Assembled in …
jAy, Caramba!! Taco Bell tests Prototype Modular Food Stand Read More
The Indiana Manufactured Housing Association/Recreation Vehicle Indiana Council (IMHA/RVIC) informs MHProNews that not only has Senator Joe Donnelly (D-IN) sponsored Preserving Access to Manufactured Housing in the Senate, but also three IN House members have signed on to HR 650. Rep. Marlin Stutzman (R-IN), who represents the third congressional district …
Indiana has Three House Members Supporting Manufactured Housing Bill Read More
Virginia Bufkin’s request to the Aransas Pass City Council in south Texas to rezone a single family district to a manufactured home district so she could build a recreational vehicle (RV) community brought a mix of yeas and nays to the meeting. Bufkin’s daughter explained that although it would be …
Petitioner asks Land be Rezoned to Manufactured Home District Read More
Yesterday’s run-up of 227 points was due to the Federal Reserve’s assertion that the road to higher interest rates will be slow and steady, while today the markets settled back. However, in a see-saw week somewhat similar to last, CNNMoney informs MHProNews the Dow Jones Industrial Average dropped 117.16 points, …
MHCV Slips, Tracked Manufactured Housing Stocks Mixed, Dow Drops Read More
Noting that the manufactured housing reform law of 2000 directs the Department of Housing and Urban Development (HUD) to “facilitate the availability of affordable manufactured homes” and “increase homeownership for all Americans,“ the Manufactured Housing Association for Regulatory Reform (MHARR) says HUD inserts regulations that are needlessly restrictive. HUD standards …
HUD Manufactured Home Regulation Defining “Family” Disputed by MHARR Read More
