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.
In the aftermath of a largely favorable report on Manufactured Housing (MH) by the Government Accounting Office (GAO), and a more problematic one in its wake from the Consumer Financial Protection Bureau (CFPB) on MH lending, MHARR’s current president released a memo outlining 7 ares of concern regarding the HUD …
Memo asserts HUD Code Manufactured Housing Program “Seriously Off Track” Read More
Writing in the SentinelNews, Michael London spotlights a private property rights issue in the town of Howell, Utah where citizens who happen to own mobile or manufactured homes are claiming their 4th Amendment rights under the U.S. Constitution are being violated by the Howell Town Board. London writes, “The town …
Howell Utah Violating 4th Amendment Rights of Mobile and Manufactured Home Owners? Read More
Florida has enacted smart policies, says Pete Sepp – President of the National Taxpayers Union – which shifted risk from a state-backed insurer to a wider pool of global private investors. Writing in the Orlando Sentinel, Sepp asserts that “In 2005, when hurricanes Wilma, Katrina and Rita battered the Gulf …
Marketwatch shared the following bullets with MHProNews that investors watched, which net moved them back into the upswing, after the post election rally snapped yesterday. • Fed’s Dudley: Still too soon to lift interest rates • U.S. budget deficit widens in October • Sell gold, brace for tanking oil — …
Deer Valley Spikes, Manufactured Housing Composite Slides Read More
Japanese variety store Muji is rolling out its pre-fabricated home, to be sold via its retail outlets. Unlike past Muji prefabs, there doesn’t appear to be a notable Japanese architect attached to Vertical House — perhaps it was designed in-house. Svelte and sleek, the three-story split-level residence is completely free of …
No-frills Muji prefab designed for Tiny Urban lots Read More
Affordable housing is vanishing in Chicago, write’s Andrew Geer, vice president and Chicago market leader of Enterprise Community Partners inCrain’s Chicago Business. Half of Chicago renters pay more than 30 percent of their income in rent. Thirty percent face housing insecurity, paying more than 50 percent of their income for housing. …
Vanishing affordability for housing in Chicago and beyond? Read More
Andrew Dodson’s report for MLive says that Bay City, Michigan’s decline in real estate sales year-over-year is a reflection of national trends. October home sales in Bay County were down 6.5 percent, the second consecutive month of declines. 1,041 homes have sold in 2014, down from 1,052 a year ago …
Wounded Sargent First Class Bacary Sambou will get a free home, thanks to the joint effort of Hannibal Square Community Land Trust Inc., Palm Harbor Homes and Fairways for Warriors. The house will be located on a lot at 663 Symonds Ave., donated by the city of Winter Park, FL …
Where do federal tax dollars go? CNN Money provides some insights, in their 6 minutes video, “We the Economy.” As you’ll see in their report, three big items dominate 70% of all federal spending. So the balance of the federal budget makes up 30% of the spending. What this specific …
There are signals, says MarketWatch, that indicate that some profit taking may be in order. Investors watched as the big board closed with a slight dip, breaking the 6 days of record setting highs. Most tracked manufactured housing related stocks were up at the closing bell. Dow 17,612.14 -2.76 -0.02%. Nasdaq 4,675.14 …
Take Profits, says MarketWatch, most Manufactured Housing stocks rise Read More
Effective today, George “Chip” Asch, Vice President of Credit Administration for U.S. Bank Manufactured Housing Finance has said that the firm will exit the Indirect MH lending business. U.S. Bank will continue to offer loans for manufactured housing consumers through U.S. Bank Home Mortgage and their branch network. Beginning November …
US Bank Exits from Indirect Manufactured Housing Lending Read More
The fight goes on to protect thousands of manufactured homes owners and some related businesses in Bulloch County, GA. WTOC tells MHProNews that “Hundreds of mobile home owners demanded changes at a meeting last night in Bulloch County, where commissioners will adopt restrictions they passed last month. Under the rules, …
Former New York City Mayor Michael Bloomberg said harsh regulation on financial institutions are hurting Main Street. Speaking at a conference, Bloomberg lashed out at laws that are arguably helping his own firm, which provides servcies to the financial industry. “It’s good for the terminal business,” he said. “Some of …
Michael Bloomberg says Dodd-Frank “Stupid,” slamming it and ObamaCare Read More
American Land Lease, Inc. announced that it’s Company’s Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Shares. Dividends on the Company’s Series A Preferred Shares are payable on December 1, 2014 to shareholders of record as of the close of business on November 20, …
Carefree Communities, Inc. announced Monday that it has acquired family-owned Vedder Communities 18 manufactured home land lease communities, with 4,530 sites in California. The Vedder acquisition, Carefree says, makes them the 5th largest owner/operator of manufactured home and RV communities in the nation, boasting some 101 properties and more than …
Carefree Communities closes on 18, says now #5 in MHC holdings Read More
“At a recent IAPP (International Association of Privacy Professionals) privacy event, officials from the FTC and CFPB offered insight into their respective agencies’ future enforcement plans,” National Law review told MHProNews. CFPB Senior Counsel Pavneet Singh summarized the Consumer Financial Protection Bureau (CFPB) enforcement powers, and gave insights on …
National Law Review report Reveals insights on CFPB Plans for Enforcement Read More
The DallasObserver’s Amy Silverstein reports that Harvest Partners Ltd acquired Oak Creek Ranch park in the suburb of Irving. Management firm Alegre TKO LLC in August who allegedly asked residents to sign “the cruelest lease agreement ever, making HOA-level demands of its low-income residents.” The Silverstein outlines elements of the new …
The markets continued to advance overall in the wake of the mid-term election results. Marketwatch says “Main Street” is unhappy with the Fed, which should be more focused on getting more people back to work rather than propping corporate profits up. MHCommunities tended to slide today, while Skyline was a …
5th Straight record on Dow, Skyline up 2.5%, but MH Composite value slips Read More
Realtors ® are being urged to educate buyers about online valuation methods. DigitalJournal says panelists at the 2014 Realtors ® Conference & Expo discussed the challenges of helping buyers and sellers understand the difference between actual appraisals and automated valuation models (AVMs), found on popular Zillow or elsewhere. John Anderson with Twin …
Realtors urged to educate Consumers about Online Valuation models Read More
Wikipedia says that “Veterans Day is an official United States holiday that honors people who have served in the U.S. Armed Forces, also known as veterans. It is a federal holiday that is observed on November 11. It coincides with other holidays such as Armistice Day and Remembrance Day, which …
Veteran Day’s 2014 – Honoring Vets & Offering Manufactured Homes-VA loans to Veterans Read More
