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.
According to mywesttexas, as housing tightens in Midland, Texas, teachers for the Midland Independent School District (MISD) are finding housing they can afford scarce. The school administration and trustees are exploring homesite possibilities for 50 manufactured homes it intends to acquire and then rent to teachers for $500 a month. …
School District wants Manufactured Housing for Teachers Read More
In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites because of the strength of the rental market. UMH rented 200 units last year and intends to fill another 200 this …
Investors, sensing the heavy hand of the Federal Reserve possibly withdrawing support from the economy along with other central banks, stepped back from the dance floor today as all three indexes dropped during a session of severe ups and downs. CNNMoney reports the Dow Jones Industrial Average moved down -0.76 …
In an appeal from the Manufactured Housing Institute, MHI Chairman Nathan Smith says unless the Preserving Access to Manufactured Housing Act (H.R. 1779) becomes law, low-to-moderate income prospective buyers will face a tougher time trying to purchase a manufactured home, due to Dodd-Frank Act provisions. The bill will alter the …
To meet the growing demand for housing in Atikokan, Ontario, Canada, Dave Bjorkman is opening Northwestern Modular Homes to provide an affordable alternative to stick-built homes. He says modular homes from the U S. are less expensive than Canadian models, so he buys from Skyline in Lancaster, Wis., Highland Manufacturing …
The wacotrib informs MHProNews the city of West, Tex., that was hit with the April 17 fertilizer explosion, is exploring the feasibility of bringing modular units to house the residents displaced by the blast. Each structure would house two families, but would cost $10,000 to haul from Killeen, Tex., not …
According to capegazette.village soup, the Delaware Senate modified the rent justification measure that will limit manufactured housing community owners ability to raise rent, a story MHProNews has been following since March 8, 2013. As originally passed, SB 33 says landlords could increase rents based on a formula tied to the …
Updating a story MHProNews published April 23, 2013 concerning guidelines for homes in residential districts in Brooksville, Hernando County, Fla., tampabay reports the planning and zoning commission passed the ordinance 3-2. It resembles the “similarity ordinance” that was enacted in 2000 but then repealed in 2010 at the request of …
Investors stepped back from the market today, which had digested a good jobs report on Friday, sending all three indexes above one percent gains. But today, stocks drifted and moved very little. CNNMoney reports the Dow Jones Industrial Average nudged down -0.06 percent, -9.53 points, to close at 15,238.59. The …
Three Major Indexes Move Little; Drew Draws the Best Hand Read More
The Manufactured Housing Institute (MHI) informs MHProNews leaders from MHI and the Manufactured Housing Association for Regulatory Reform (MHARR) met with Sen. Joe Donnelly (D-IN) seeking assistance for the appointment of a Non-Career Administrator for HUD’s Manufactured Housing Program. In spite of the industry’s efforts to have the position filled …
Sen. Donnelly to Help Find Non-Career Administrator Read More
HousingWire reports a survey by Fannie Mae reveals ten percent more respondents in May than the previous month said it is a good time to sell a house, while five percent more said it is a better time to buy. Doug Duncan, chief economist at Fannie Mae, noting those who …
A guided bus tour sponsored by the Madison (WI) Trust for Historic Preservation will explore the history of residential architecture and their neighborhoods from the 1850’s to the 1950’s in Madison, Sat., June 10. Included on the tour will be a neighborhood of modular metal Lustron houses, built for returning …
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reminds MHProNews readers that Iowa law requires an annual report from each manufactured home community owner/manager that includes the names of all community home owners with their addresses. Filed with the county treasurer, the report is due each year …
Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales …
In an exclusive to MHProNews, Steve Varnum of the Community Loan Fund says Silver Fox Estates in Pembroke, New Hampshire became the state’s 105th resident-owned manufactured home community as of May 30, 2013. With funding and assistance from the New Hampshire Community Loan Fund, the Silver Fox Homeowners Cooperative, Inc., …
According to newszap, Delaware Attorney General Beau Biden issued an order requiring PFL Limited Partnership, owner of Layton’s Riviera MHC in Sussex County in southern Delaware, to better protect its residents. MHProNews has learned an investigation by the state’s Consumer Protection Unit (CPU) revealed numerous violations of the Manufactured Home …
Manufactured Home Community Owners Agree to Settlement Read More
A good jobs report from the federal government spurred all three indexes to rise above one percent as the week drew to a close. CNNMoney reports the Dow Jones Industrial Average advanced +1.38 percent, +207.50 points, to close at 15,248.12. The Nasdaq gained +1.32 percent, +45.17 points, to end the …
Three Indexes End Week up; Housing Composite Gains 4.57% Read More
The U. S. Ninth Circuit denial to rehear the Equity LifeStyle Properties (ELS) vs. City Of San Rafael ruling may lead to a battle in the U. S. Supreme Court. The court’s decision handed down in April establishing rent control in manufactured housing communities may embolden rent control advocates across …
U. S. Supreme Court may Hear Rent Control Challenge Read More
When the rent for a manufactured home (MH) in an MH Community on land owned by the Sechelt Indian Band rose from $6,500 a year to $24,000, a dispute resolution officer said the increase violated British Columbia’s Manufactured Home Park Tenancy Act (MHPTA). Although the Band subsequently staggered the increase …
Manufactured Home Community on Indian Land not Governed by Province Read More
MHProNews has learned from stpaulsreview that the St. Pauls (North Carolina) Planning Board is recommending the Board of Commissioners deny a conditional use request to site a multi-section manufactured home in town. While it is allowed, the commissioners must approve the permit. Since no one came to the meeting to …
