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.
MHCV values went up 0.39%. In the manufactured housing stocks we track, some went down slightly and others only made a minimal increase. Leaders were KMP – 1.36% and UMH – 1.04%. Marketwatch tells MHProNews that U.S. stocks rallied towards the end of the session Tuesday, sending the benchmark S&P …
U.S. Stocks Close at Highest Level This Year on Greece Hopes; MHCV Values Were Static Read More
A bill being drafted by the Arkansas Circuit Clerks Association that would require counties to record and report all mortgage assignments and mortgage releases is getting some backlash. The Log Cabin Democrat tells MHProNews that Jonathan Greer, general counsel for the Association of Arkansas Counties has been working with the …
Arkansas Mortgage Recording Bill Stirs Up Criticism Read More
The New Zealand Herald tells MHProNews that New Zealand’s first prefab home factory opened this week, located in a former General Motors assembly plant. Matrix Homes expects to produce up to 500 homes each year. “Some people are building components of houses, then assembling them on the site. However, at this …
New Zealand Factory Opens to Turn Out Prefab Homes Read More
There is good news for New Jersey homeowners who sustained considerable damage or lost their homes due to damage from Hurricane Sandy. The Sand Paper tells MHProNews that the New Jersey Department of Community Affairs has posted another assistance program for low- and moderate-income homeowners who lost their homes in Hurricane Sandy. …
More Hurricane Sandy Assistance for New Jersey Manufactured Home Owners Read More
Scotsman Guide News tells MHProNews that two national trade groups have asked the Consumer Financial Protection Bureau (CFPB) to exempt Housing Finance Agency (HFA) loans aimed at first-time homebuyers and lower-income borrowers from a rule that prevents lenders from receiving extra compensation for originating these loans. Last week in a …
A 12th Man flag flew over the Village Grove manufactured home community during last year’s Super Bowl, and it flew again last Sunday. A big-screen TV was installed in the clubhouse so that everyone could watch last Sunday’s Super Bowl game. That’s because there is a big community of Seahawks fans …
Washington Snowbirds Cheer on Seahawks from Their Own MH Community in Arizona Read More
MHCV values in general went down 0.46%. In the manufactured housing stocks we track, most of these went down. About the only one that had a positive rating was CG at 1.24%. The Dow went down 0.53%, although oil prices rallied for a third-straight session on signs of higher demand …
The state of Georgia became one of Houston County’s biggest landlords by buying more than 100 houses, manufactured homes and apartment units that could threaten the future of Robins Air Force Base. The base is a major U.S. Air Force installation and is located just east of and adjacent to …
State of Georgia buys more than 100 homes to demolish near Robins AFB Read More
The lease to the public land on which a popular manufactured home and RV community in Lake Havasu, Arizona, is located, was sold for $30.2 million at a public state land auction in Kingman, Arizona, on Thursday, February 5, 2015. Havasu News tells MHProNews that the lease to the Beachcomber …
Land Lease on Arizona Manufactured Home and RV Resort Goes For $30.2M Read More
Select Commercial Funding, LLC, announced on Wednesday, February 3, 2015, the funding of a $4,000,000 refinance loan of a 187-unit manufactured home park located in Baltimore, Maryland. The 41-acre manufactured home community, known as Sleepy Hollow Mobile Home Park, was built in 1989 by the owner and contains 187 homes …
Maryland Owner Refinances 187-Unit Manufactured Home Community Read More
Thousand Oaks Acorn News tells MHProNews that volunteers with Habitat for Humanity recently worked to repair and refurbish 15 manufactured homes at the Ranch Mobile Home Park in Thousand Oaks, California. The repairs were made for veterans or their spouses in the low-income community for seniors. Carol Claassen used to worry …
Habitat for Humanity Comes to the Aid of Ranch Mobile Home Park Read More
It’s Sunday morning and time to review the news and stories that appeared on MHProNews during the past week. There are several announcements concerning manufactured housing related companies and other stories that try to predict what is going to happen to the housing industry in the coming year. And, there …
Sunday Morning Recap – February 1, 2015, to February 6, 2015 Read More
MHCV values in general went down 1.60%. In the manufactured housing stocks we track, SKY was the leader with a 1.10% gain. Most of the other stocks we track had negatives. Marketwatch tells MHProNews that U.S. stocks ended the week a bit lower, but managed to hold onto weekly gains. …
KHON-TV in Honolulu tells MHProNews that a bill aimed at establishing manufactured housing communities throughout the state of Hawaii moved forward Thursday in the Hawaii State Legislature. HB1265 would require the Department of Land and Natural Resources to provide the communities with manufactured homes or shipping containers converted into homes …
Bill to Create Low-Income Manufactured Housing Communities in Hawaii Advances Read More
A request to place a HUD code manufactured home on a lot in an area zoned for site-built residential homes in Cameron, Texas, was denied on Monday. Although the Planning and Zoning Commission had recommended approval in a split vote, the Cameron City Council denied the request. The Cameron Herald …
Request for Manufactured Home Denied After Public Hearing Read More
On February 5, Skyline Corporation (NYSE:SKY) announced it will remain an independent company and will remain focused on its plan to build long-term shareholder value. This decision was supported by a Special Committee of the Board that determined “for a variety of reasons, remaining independent represents the best opportunity to …
Skyline Decides to Remain Independent to Continue Recent Successes Read More
U.S. equity REITs are coming off a stellar year with total returns for the sector at nearly 30 percent—double that of the S&P 500. Yet with valuations for many REITs already at pre-recession levels, industry analysts are skeptical that REITs will be able to keep up that pace for much longer. …
Not only are new home starts increasing, the multi-family market is being revived according to industry panelists’ at the recent National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas. The general concensus was that the multi-family market has had strong demand in recent years and is …
Multifamily Housing to Remain Strong in 2015, Says IBS Panel Read More
MHCV values in general went up 1.42%. Leaders in stocks we track are: UFPI 2.40%, KMP 2.10%, ELS 1.87%, AMG 1.63%, BRK.A 1.60%. Marketwatch tells MHProNews that U.S. stocks recorded solid gains on Thursday, buoyed by a rebound in oil prices, deal news and upbeat quarterly earnings, pushing the S&P …
Dow and Oil Stocks Go Up; MHCV Values Go Up Slightly Read More
Yesterday, on February 4, 2015, HUD announced its newest list of appointments to the Manufactured Housing Consensus Committee (MHCC). After reviewing this list, MHARR feels that HUD has once again denied the industry collective voting representation, an important right for consumers. MHARR feels that HUD continues to selectively manipulate membership terms …
HUD Again Denies Collective Industry MHCC Representation Read More
