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.
While the previous story MHProNews posted questions the rationale of the Federal Housing Finance Administration’s (FHFA) desire to raise certain mortgage fees for Fannie Mae and Freddie Mac-backed mortgages, incoming director of the FHFA, Mel Watt, says he will postpone the fees and possibly cancel them altogether. Set to take …
Incoming FHFA Director Mel Watt to Sideline Planned Fee Increase Read More
Industry groups are questioning the Federal Housing Finance Administration’s (FHFA) raising of fees as a means to encourage private capital back into the mortgage market. The National Association of Realtors (NAR) president Steve Brown says homebuyers are being charged excessive fees “due to questionable agency goals.” The FHFA intends to …
Will Raising Mortgage Fees Bring Back Private Capital? Read More
The Shawnee County Commission in Kansas just south of Topeka is considering a zoning exception to allow temporary siting of a manufactured home (MH) for a family whose home was seriously damaged by a fire. The family, whose property is zoned rural agricultural, need to be close in order to …
Family Seeks Temporary Siting of Manufactured Home Read More
UMH Properties, Inc. (UMH) will be presenting at the 2014 Sidoti & Company’s Annual New York Micro-Cap Conference, Monday, Jan. 13, 2014. Held at the Grand Hyatt in New York City, UMH’s Chairman of the Board Eugene W. Landy and President and CEO Samuel A. Landy will offer an overview …
Eugene Landy and Samuel Landy will discuss UMH in Jan. 2014 Read More
Investors responded positively after the head of the International Monetary Fund, Christine Lagarde, was upbeat about the growth of the U. S. economy in 2014, sending the Dow and the S&P to new record highs, and the Nasdaq to a fresh 13-year high. CNNMoney reports the Dow Jones Industrial Average …
Louisiana Pacific Gains; Dow and S&P Mark New Highs Read More
The manufactured homes in Marina Park manufactured housing community (MHC) in Newport Beach, California were bought by the city for $35,000 each in 2007 as the result of a settlement agreement after the MHC closed. Set to become a public park, the city had awarded a $405,000 contract to a …
Repairable Manufactured Homes Saved for the Wrecking Ball Read More
According to dailyfinance.com, CEO of Berkshire Hathaway Warren Buffett is as good a CEO as he is a savvy investor. He bought Clayton Homes, the largest producer of manufactured homes (MH) in North America, in 2003 because Clayton incentivizes its dealers, rewarding them by splitting the profit 50/50 with the …
Wise Warren Buffett Bought Motivating Clayton Homes Read More
While New York City and other crowded urban areas attracting young professionals are turning to micro modular apartments of 200 to 400 square feet–as MHProNews posted here May 27, 2013–mental health professional are citing psychological problems that may result from such tight quarters. “Sure, these micro-apartments may be fantastic for …
At 60,000 square feet, Chateau des Fleurs (chateau of the flowers) is one of the largest homes in the tony Bel Air section of Los Angeles. With a ballroom, three elevators, a pool, a paddle tennis court pavilion, a guardhouse, a guesthouse, as well as husband and wife wings, the …
Tamara Holland of Altavista, Virginia spent five years making the interior of her manufactured home into a gingerbread wonderland. Her daughter moved her into her own home and secretly had her mother’s home painted a gingerbread color, and bedecked the outside and the yard with gingerbread decorations. Ms. Holland was …
The second half of a modular home en route to its destination in Fairfield, Connecticut smashed into the North Benson railroad bridge after the driver received incorrect information about the Interstate exit. Escorted by a company car and a state police cruiser, the police tried to alert the driver the …
Stocks returned to gains to end the week on a higher note following the government’s announcement that third quarter economic activity was actually higher than previously thought, as the three major indexes posted positive results. CNNMoney reports the Dow Jones Industrial Average gained 42.06 points, +0.26 percent, to close at …
Cavco, Skyline Lead the Gains Among Tracked Housing Stocks Read More
According to kdhnews.com, Joseph and Chris Dillow’s Christmas display earned first place and the People’s Choice award in the manufactured home category for the 14th Annual Heights Lights on Parade Outdoor Lighting and Decorating Contest in Harker Heights, Texas. Their decoration has several moving parts choreographed to music, MHProNews has …
Couple Wins Top Prize for Christmas Decorated Manufactured Home Read More
The dailytimes.com reports from Franklinton, Louisiana the Parish Council Infrastructure Committee is considering preventing manufactured homes from being moved into the parish if they were constructed over 25 years ago, but existing homes can be moved from site to site within the parish regardless of age. The goal is to …
Committee Considers Restrictions on Manufactured Homes in the Parish Read More
A report from CBRE, the world’s largest commercial real estate services firm, states that multifamily rents will increase 2.5 percent a year for the next three years, with the pace of construction leveling off at 216,000 units each year through 2018. It has been 3.9 percent growth a year since …
Following a story MHProNews last published Dec. 16, 2013, concerning the possibility of a tax on owners of manufactured homes imposed by the Australian Taxation Office (ATO), the proposal has been withdrawn by the ATO after an uproar from manufactured homeowners and politicians. The goods and services tax (GST) would …
Australia Drops Proposed Tax on Manufactured Homes Read More
Marking the third consecutive month of falling sales, the National Association of Realtors (NAR) reports sales of previously-owned homes edged down 1.2 percent to a seasonally-adjusted annual rate of 4.9 million homes sold. The combination of rising mortgage rates, low inventory of available homes and tight credit have contributed to …
City officials in Port Lavaca, Texas have imposed a six month ban on the development of new manufactured housing communities (MHCs) to allow the creation of new regulations. In the wake of the oil boom in the area, according to victoriaadvocate.com, two developers had applied for permission to build MHCs, …
Investors stepped back from the market following yesterday’s run-up after the Federal Reserve announced it would begin tapering its stimulus in the coming months. CNNMoney reports the Dow Jones Industrial Average gained a mere +11.11 points, +0.07 percent, to close at 16,179.08. The Nasdaq dropped -0.29 percent, -11.92 points, to …
Patrick Industries Gains, Nobility Homes Falls, Dow Nudges Up Read More
Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while …
