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.
Stocks continued to fall in today’s trading, led by several banks, including Citi and Bank of America, as the Dow Jones Industrial Average slipped modestly, -4.76 points, -0.03 percent, to close at 16,264.23, while the Nasdaq fell -22.35 points, -0.54 percent, to close at 4,151.23. The S&P lost -3.52 points, …
LPX Gains the Most of Tracked Stocks, as the Three Major Indexes Slip Read More
Large private-equity firms that own some 200,000 single-family rental homes across the country have formed the National Rental Home Council (NRHC) to represent to the public the benefits of professionally-managed rental homes. Rental demand in communities across the country is strong,” says Gary DeLapp, President of Invitation Homes. “Our members …
Institutional Investors Form Organization for Single-family Rental Homes Read More
MHProNews has learned from alabamas13.com a family in Hamilton, Alabama is pleading with the city to allow their manufactured home (MH) to remain in place although it is evidently older than the owner’s bill of sale which says 2006. The city’s ordinance says no home over eight years may be …
Bill of Sale for Manufactured Home may be Manufactured Read More
Harrah’s announced on Wed 3/26/2014 the closure of their largest casino operations in Tunica on June 2. The move impacts some 1300 workers. “After exploring every other viable alternative, we have come to the difficult but necessary conclusion to close Harrah’s Tunica in an effort to appropriately position our business …
Last Hurrah for Harrah’s in Tunica; Future of Tunica Manufactured Home Show Clouded Read More
In the travel section of mensjournal.com regarding a vacation home, the cost and efficiency of building a modular or manufactured home are touted: They are built on an assembly line readied with appropriate materials for a particular pattern, and staffed with specialists. It is less expensive for the same reason, …
Men, Take Heed: Off-site Built Homes are Great for Getaways Read More
Often considered the Nobel Prize of architecture, this year’s Pritzger Architecture Prize has been awarded to Japanese architect Shigeru Ban, known as well for designing dwellings for survivors of disasters as he is for the headquarters of Swatch and Omega in Switzerland. He made a cathedral in Christchurch, New Zealand …
Prestigious Architect has Modular Container Housing in Portfolio Read More
Updating a story MHProNews.com last posted Feb. 12, 2014 regarding recovery and rebuilding efforts from the disastrous flooding in Colorado in September, 2013, the Federal Emergency Management Agency (FEMA) tab has risen from $267 million to $304 million, according to kwgn2.com. These funds have included FEMA disaster grants, flood insurance …
Social media and technology stocks drew a bad hand in today’s trading as all three major indexes fell, with the Nasdaq losing almost 1.5 percent . The Dow Jones Industrial Average dropped -98.89 points, -0.60 percent, to close at 16,268.99, while the Nasdaq fell -60.69 points, -1.43 percent, to close …
The RV/MH Hall of Fame Selection Committee has announced nominations for the class of 2015 are now open. Nominees must have a minimum of 25 years active experience in the manufactured housing, recreational vehicle or campground industries, as the elkharttruth.com tells MHProNews.com. Nominations must be submitted by Oct. 31, 2014 …
About six weeks ago, residents of the 20 households of the Seaview Trailer Court (STC) on the Washington coast learned why garbage sometimes piles up uncollected in their community: STC is being foreclosed on and will be auctioned off Friday, March 28 at the courthouse in South Bend, Washington. If …
Manufactured Home Community Owners Leave Trail of Neglect Read More
Looking only at sales of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency’s house price index (HPI) reports home prices rose slightly in January over December, and increased 0.05 percent last month over January. Since February 2012, this marks the 23rd rise in in the past 24 months. …
Noting the proposed bipartisan legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) that recognizes the importance of manufactured housing, Nathan Smith, Manufactured Housing Institute (MHI) chairman and partner at SSK Communities, says, “Gaining access to the secondary market for our home loans has long been a top …
MHI Applauds Senate Banking Committee for Housing Finance Legislation Read More
The National Association of Home Builders (NAHB) reports sales of newly-built, single-family homes fell 3.3 percent to a seasonally annual adjusted rate (SAAR) of 440,000 units in February, 2014, based on data from the Census Bureau and the Department of Housing and Urban Development (HUD). “We still expect 2014 will …
Despite the 3.3 percent drop in new home sales in February, consumer confidence rose to its highest level in six years, and took the three major indexes with it. The Dow Jones Industrial Average rose 91.19 points, +0.56 percent, to close at 16,367.88, while the Nasdaq advanced +7.88 points, +0.19 …
Patrick Advances, Skyline Slips, Dow Gains nearly 100 Points Read More
According to The Wall Street Journal, private research group Conference Board reported its index of consumer confidence, which measures how consumers feel abut the future of the economy, rose to 82.3 percent in March from 78.3 percent in February, bettering the 78.6 percent economists expected for this month. Although the …
Writing in gazette.com, Bill Radford traces the recent history of manufactured housing as a run up to buying a manufactured home (MH) in a rural area east of Colorado Springs for him and his wife. Noting the industry has come a long way since the Department of Housing and Urban …
Writer Content with Manufactured Home in Rural Colorado Read More
Toronto-based Tricon Capital Group, Inc. (TCN), which bought 3,500 rental units in the U. S. following the housing meltdown, is now seeking to invest up to $670 million (US) in manufactured home communities (MHCs) in Florida, California and Arizona, reports businessweek.com. Chief Operating Officer (COO) Gary Berman says, “If you …
Canadian Firm Seeking Manufactured Home Communities Read More
Capitola, California city officials propose to apply for $500,000 in community block grant funds from the state for first-time homebuyer assistance and housing rehabilitation, enough for three years of loans, staff time and the cost of administering the program by the Housing Authority of Santa Cruz County. As santacruzsentinel.com reports, …
Updating a story MHProNews.com last published March 19, 2014, regarding a Michigan state legislator’s bill that would give cities more oversight of manufactured housing communities (MHCs), Rep. Andy Schor has been communicating with community owners, residents and local officials, and intends to introduce the legislation in mid-April. Referencing the Life …
More Oversight Sought for Manufactured Home Communities Read More
A bill by Senate Banking Committee leaders to overhaul the housing finance system may reduce access to the mortgage market for minorities and those with lesser means, according to a handful of housing advocacy groups. In a joint press release, the organizations allege the new legislation would make mortgages more …
Reform Legislation may Limit Access to Mortgage Market Read More
