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.
MHProNews has learned from crainsnewyork that a current proposal would allow for more diverse architecture and taller buildings in some New York City neighborhoods, a plus for developers who build modular. Floors in modular units are thicker than on site-built construction and thus require more overall height. In this city, …
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews that association members and their employees, their children and grandchildren, are eligible for scholarships. The scholarships are to be awarded by the VAAMHA at the March board meeting. Nominees must have a minimum 3.0 grade point average and may be …
The National Modular Housing Council informs MHProNews that 3,573 new modular homes were shipped in the fourth quarter of 2014, an increase of 4.9 percent over shipments for the same period in 2013. Compared to Q4 2013, shipments increased in 17 states, dropped in 15 states, and remained the same …
The Yahoo! Finance Manufactured Housing Composite Value slipped slightly, -0.13%, to end the day at 600.3, while stocks we cover related to the manufactured housing industry closed mixed or even, with Skyline Corp. gaining the most at +1.99 percent. CNNMoney tellls MHProNews the Dow Jones Industrial Average regained about half …
MHCV slips; Dow Regains Half of Previous Trading Day’s Points Read More
The Country Lakes Co-Op Inc., a resident-owned manufactured home community in Palmetto, Florida, with 471 homesites, has homes for sale with and without a co-op share. The homes range from $12,000 to about $35,000 without a co-op share, according to Judy Smith who lives here and is licensed to sell …
Resident-Owned Manufactured Home Communities offer Savings Read More
Noting that New Jerseyans must earn $24.92 an hour to afford a two-bedroom fair market rent apartment without paying over 30 percent of their income, mycentraljersey tells MHProNews manufactured homes have emerged as a viable alternative. Robert Dolan, owner of Edison Mobile Estates in Edison, NJ says the “mobile” in …
New Jersey Community has Energy Star Manufactured Homes Read More
Financial Institutions and Consumer Credit Subcommittee Chairman Rep. Randy Neugebauer (R-TX), evaluating the five-year history of the Consumer Financial Protection Bureau (CFPB), informs MHProNews the agency does not perform in a sustainable manner, lacks transparency and accountability, and is “susceptible to political influence.” He sees value in the agency but …
Rep. Neugebauer Questions Overreach of CFPB without Oversight Read More
The Manufactured Housing Institute (MHI) reports the National Association of REALTORS ® (NAR) has endorsed H. R. 650, the Preserving Access to Manufactured Housing Act of 2015, which was introduced in the House Feb. 2, 2015 by Representatives Stephen Fincher (TN), Terri Sewell (AL), Andy Barr (KY) and Krysten Sinema …
Good Sunday Morning! In a large portion of the United States, it has been very cold this week. As you sit by the fire to thaw out and drink another cup of coffee, there are some interesting stories in this week’s list to read. There is some information about the sale …
Sunday Morning Recap – March 1, 2015 to March 7, 2015 Read More
A handful of residents say it’s not so sunny at the Sunny Meadows Mobile Home Park anymore, where a wave of evictions has followed a new park manager’s first year at the West Longview, Washington, community. Longview Daily News tells MHProNews that Yohnda Ellis is among those being told to …
Evictions sharply rise at Sunny Meadows Mobile Home Park Read More
The Calistoga, California, City Manager has been authorized to grant a larger home loan amount for manufactured home owners if the funding is necessary to alleviate health and safety issues. This decision was announced by the Calistoga City Council on Tuesday, March 3. The Weekly Calistogan tells MHProNews that the city …
Unsafe manufactured homes eligible for larger loan Read More
MHCV values dropped 1.71% today. In the stocks we track, most lost value. One exception was CG up 1.19%. Reuters tells MHProNews that U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the …
Dow Tumbles as Investors Fear Rate Hike; MHCV Values Also Fall Read More
Sunshine Homes, a company that has been delivering custom manufactured homes in Alberta, Canada, for the last eight years, has announced that it is able to provide interest rates at 4.5% on a five-year term. Marketers Media tells MHProNews that Sunshine Homes knows that savings have always been an important …
Sunshine Homes Announces 4.5% Interest Rates on Five-Year Term Read More
The Shelburne News tells MHProNews that a crane recently delivered a new style of manufactured home to the Shelburnewood Mobile Home Park in Shelburne, Vermont. Built in White River Junction by Vermod High Performance Homes, the single section manufactured home in Shelburnewood is the 17th unit constructed and sited in Vermont. …
New type of manufactured home installed in Shelburne, Vermont Read More
Just south of the Elmendorf-Richardson military base in Anchorage, Alaska, there’s a seven-block manufactured home community named Four Seasons, where rentals start at $1,300 a month. Its one of at least 40 multifamily properties in the area, or about 12 percent of the city’s entire rental market, owned by Weidner …
Marketwatch tells MHProNews that typically, first-time buyers account for approximately 40% of all home sales. Today they account for 28%, according to Lawrence Yun, chief economist for the National Association of Realtors. The reason – slow job growth is making it harder for young would-be buyers to find good …
Shelby Hines had just finished replacing the front door on Natia Patterson’s manufactured home when he asked to wash his hands. Patterson agreed, but she told him the only running water was in her bathtub. When Hines walked inside, he found a kitchen with leaky pipes in warped cabinets and …
MHCV values went up 2.67% today. In the stocks we track, there were only minor gains. Highest increase: AMG 1.44% and CG 1.01% Reuters tells MHProNews that U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday’s jobs report. This …
Wall St closes up slightly ahead of jobs report; MHCV Values Rise Read More
Realtors are rejoicing because home prices are up. Prices rose 5.7% from January 2014 to January 2015, according to a new study. This may also be good news for the manufactured housing industry. As the price of site-built homes escalates, potential homebuyers may begin to realize they will get more …
As the Price of Site-Built Homes Rise, So Will Manufactured Home Sales Read More
Housing Wire tells MHProNews that on Tuesday, March 3, Consumer Financial Protection Bureau Director Richard Cordray appeared before the House Financial Services Committee. At this time, Committee Chairman Jeb Hensarling (R-TX) continued his ongoing criticism of the CFPB as unaccountable. “The CFPB undoubtedly remains the single most powerful and least …
Republicans Accuse CFPB of Not Representing the Best Interests of Hardworking Taxpayers Read More
