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.
A letter to the editor of the ukiahdailyjournal by Judy DeBeni, a resident of Lake Mendocino Mobile Home Estates, in Ukiah CA brings to light an issue that goes well beyond her land lease community. DeBeni writes: “Sue Everett, in her letter of Aug. 7, claims to represent the residents …
CA MHC resident says ‘Home Owners Association’ doesn’t speak for her or Residents Read More
MaineHousing’s tells MHProNews about their pre-1976 Mobile Home Replacement Initiative, which provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new Energy Star-certified manufactured home. The initiative combines an amortizing, interest-bearing MaineHousing mortgage loan with a $30,000 …
Residents of Fox Point manufactured home community in Wheeling, IL protested the town and FEMA’s actions that could keep them from re-occupying homes damaged in floods last April. The dailyhearld tells MHProNews that about two dozen picketers carried signs reading, “Stop discriminating” and “We are poor, not stupid,” as they …
The National Association of Home Builders (NAHB) tells MHProNews that sales of newly built, single family homes declined in July 13.4%, to a seasonally adjusted annual rate (SAAR) of 394,000 units. “The drop-off in sales in July is in part a reflection of buyers’ reaction to the recent uptick in …
Higher Mortgage Rates Cause Pause, may Fuel more Home Sales soon Read More
Day two of the rebound from stocks saw the Dow close at 15,010.51, +46.77 (+0.31%). CNN-Money tells MHProNews that some investors may have taken hope in a new academic paper from Northwestern University economists Arvind Krishnamurthy and Annette Vissing-Jorgensen presented at the annual meeting of central bankers in Jackson Hole, WY, …
NW economists, how to taper without killing housing, Day Two of Stock Rebound Read More
Demand for Canada’s version of manufactured housing is rising rapidly in Manitoba, at the very time spaces in provincial land lease communities are scarce. With single family home sales in the region averaging $285,000, a new manufactured home in Manitoba for $115,000 looks very reasonable. So it is no surprise …
High Demand for Manufactured Homes in Manitoba, but limited spaces in MH Communities Read More
The Lakeport, CA City Council voted to wait for a report from an agency before proceeding on a proposed rent control initiative that has enough petitioners to achieve ballot status. Save our Seniors (SOS) members derided the decision. SOS leader, Nelson Strasser. said: “When the park owners have to bring …
Green Courte Partners, LLC announced the acquisition of Lamplighter Manufactured Home Community, an age-restricted land-lease community, containing 260 home sites, located in Port Orange, Florida. Green Courte engaged American Land Lease, Inc., a wholly-owned subsidiary of its second fund, Green Courte Real Estate Partners II, LLC, to manage the community. …
Green Courte buys another ‘Senior’ Manufactured Home Community Read More
The Bertram City, TX council voted to house their EMS unit in a manufactured home, rather than spend more time and money building a conventional structure. Bertram, about 45 miles from the state capitol of Austin, decided on August 20th 4 to 1 in favor of the measure, budgeting $35,000 …
Texas is not only the biggest state in the U.S. in terms of manufactured homes built and shipped, it is also ranked #1 for a pro-business environment by Chief Executive Magazine and now the Dallas Morning News reports it is one of the top 3 states in attracting people – …
Darryl Searer, president, RV/MH Hall of Fame is progressing well today after undergoing a successful emergency quadruple bypass surgery yesterday morning at the Memorial Hospital in South Bend, according to Barry Cole, Hall chairman of the board. Cole said, “Over the past weekend Darryl suffered what he considered possibly symptoms …
Emergency Quadruple Bypass Surgery for RV/MH Hall of Fame President Darryl Searer Read More
With almost 5 months before the show starts, Dennis Hill with Show Ways Unlimited has told MHProNews that the manufacturers floor space is sold out. This is a good sign of the momentum being built during the last 3 years since the show was canceled in 2010. In 2011 there …
The battle over rent control in Capitola, CA’s Sand and Surf manufactured home community is one that MHProNews has tracked for industry readers over the years, in Daily Business News articles like the one linked here. HK&C Law has announced that Capitola has now “quietly” approved the long sought subdivision. …
A “technical glitch” caused trading on the NASDAQ to halt for some 3 hours today. Meanwhile, CNN Money tells MHProNews that the Dow’s 6 days slide ended, as the market closed at 14,963.74, up $66.19 (+0.44%). The Yahoo! Financial Manufactured Housing Composite Value: 939.3, +1.63%. Cavco Industries lead gainers, 55.98 +2.86 (5.38%). …
Updating the recent story on Scranton PA based Westrum Development is installing a two story Cape Cod modular home on the post hurricane Sandy Jersey shore the firm built in just 28 days. Cost for Westrum’s three-bedroom modular home, says totalmortgage and the Wall Street Journal, is $179,000. 10 homeowners …
Mold, uneven floors and energy wasting are among the complaints that Charlotte White, an owner of a pre-HUD Code mobile home expressed, says earthfix. The 64 year old White is retired and lives in a single wide located in Rainbow Rock Village in Curry County, Oregon. Their story underscores the …
Pre-HUD Code Mobile Homes Fingered for Construction and Energy Issues Read More
The worst losing streak in over a year saw the Dow decline more than 100 points. CNN Money reported the release of the Fed’s minutes on bond buying failed to answer investors worries. The Yahoo! Finance Manufactured Housing Composite Value closed at 924.2, down -1.15%. Patrick Industries led gainers, 5.12 …
Doug Altner of the Ayn Rand Center for Individual Rights reports Home Depot co-founder Bernie Marcus and Subway founder Fred Deluca saying they couldn’t have started their businesses in today’s regulatory environment. In an interview with John Allison — president of the Cato Institute and the former CEO of BB&T …
Former CEO of 152 Billion BB&T bank says Dodd-Frank smothers small business lending Read More
Residents of Lamprey River and Railroad Street land lease communities in Newmarket, NH recently purchased their communities. Heron Point Estates Cooperative, New Hampshire’s 106th manufactured-home cooperative forged through the work of the state’s Community Loan Fund, will manage both communities. Education, technical assistance and funding were arranged by the New …
New Hampshire’s Community Loan Fund converts MHC #106 Read More
The Department of Housing and Urban Development (HUD) announced on fbo.gov and its own website that it was awarding the Institute for Building Technology and Safety (IBTS) Inc. the contract to perform “…assessment inspections, monitoring, and evaluation of the performance of private and state agencies responsible for oversight of design …
