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 the brightonpittsfordpost, Robert Morgan, founder and CEO of Rochester, NY-based Morgan Management has been named recipient of the 2013 Herbert W. Vanden Brul Entrepreneurial Award by the RIT Saunders College of Business. Honored for 30+ years of successful business in Rochester, the company Morgan founded now employs 950 …
MarketWatch reports Denver-based YES! Communities has acquired a portfolio of 64 manufactured housing communities (MHCs) comprised of 14,000 home sites mostly in the Atlanta and Dallas metropolitan markets, but also including Corpus Christi and El Paso, Texas, as well as Las Cruces and Las Alamos, New Mexico. With the completion …
Following up on an earlier post concerning legislation that a California manufactured home owners association is promoting in the state legislature, santamariatimes informs MHProNews SB 510 addresses the conversion of MHCs to resident owned communities/sites and condos. The new measure gives local jurisdictions authority to determine by survey if at …
In addition to guaranteeing the majority of new residential mortgages across the country, HousingWire informs MHProNews Fannie Mae and Freddie Mac, the GSEs (government-sponsored enterprises), also guarantee half of the outstanding residential mortgage debt, with the private market picking up the other half. While the Congressional Budget Office (CBO) projects …
IMSoup reports from Austin, Texas more people are interested in modular homes this year than in 2012, as the traditionally strong home-buying season begins. Modular Homes Network reports a nearly 25 percent increase in interest in modular homes for March 2013, especially in Houston, Austin, Dallas and San Antonio. As …
According to paloaltoonline, 15 people share three houses, a trailer, a vegetable garden and household tasks in an intentional community, called Greenwave, along a small Palo Alto (Calif.) side street. Owned by three of the members to whom the others pay rent, the three homes are manufactured housing to keep …
Updating a story we posted Feb. 27, 2013 concerning residents of Wheel Estates MHC in North Adams, Mass. trying to buy their community, iberkshires informs MHProNews the nearly $4 million loan went through, financing managed by ROC (resident-owned communities) USA of New Hampshire. For years residents have allegedly complained the …
A graph following the ups and downs of the Dow Jones Industrial Average looks like a series of jagged rocky mountains, as the Dow climbed to nearly 14,625. and dipped as low as 14,552.50, finally settling at 14,606.11, adding +0.38 percent, up 55.76 points for the day, according to CNNMoney. …
According to thenewstribune, Tumwater City Council member Betsy Spath will resign her position effective April 30, 2013 because she is leaving her position as a geriatric care manager for a law office and moving out of state. In addition to protecting manufactured housing communities in the city while on the …
Updating a post from March 22, 2013, we reported on the legislation in the state house the Golden State Manufactured-Home Owners League (GSMOL) in California is promoting, and what has been added. As we stated, AB 1205 would provide mediation services between resident and management to resolve disputes; and AB …
The providencejournal informs MHProNews the Rhode Island Builders Association Home Show will include a full size modular home for the second straight year. CRM Modular Homes of Johnston, RI will construct the home inside the Rhode Island Convention Center for the show, which is schedules to run from April 4 …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports statistics from the Dept. of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes hit 4,151 units in Feb. 2013, six more than the 4,145 in Feb. 2012. Total industry production for 2013 is 3.2 percent higher than …
MyWestTexas tells MHProNews housing supplier Goliath Industries, responding to the urgency one year ago for oilfield housing, quickly sited 21 leased modular housing units to accommodate 50 workers southwest of Odessa, Texas. From clearing the land to welcoming the first occupants took a mere four weeks, but now the company …
North Korea’s saber rattling and talk that the Federal Reserve may end its stimulus program this summer pushed investors away from the dance floor, as all three major indexes slipped. CNNMoney reports the Dow Jones Industrial Average lost -0.76 percent, -111.66 points, to close at 14,550.35. The Nasdaq dropped -1.11 …
Manufactured Housing Composite Drops; Major Indexes Slide also Read More
The March 27 Webinar, Real Homes, Real Value: Improving Real Property Appraisals of Manufactured Homes sponsored by the Corporation for Enterprise Development (CFED), addressed the problems of getting accurate appraisals on manufactured homes across the country. Doug Ryan, Director of Affordable Homeownership Initiatives at the CFED, says the Innovations in …
In honor of Fleetwood Enterprises founder John C. Crean, the Crean Foundation has donated $60,000 to the RV/MH Hall of Fame’s “Burn the Bank Note” initiative to raise $150,000 by April 30, 2013, according to information MHProNews has received. The Robert “Boots” Ingram’s family challenge grant of $50,000 requires the …
The marshallindependent reports from Marshall in southwest Minnesota that the Lyon County Board of Commissioners has approved a three-year tax abatement for a modular housing business seeking to move to a facility in Cottonwood, just north of Marshall. C. David Hoefer of Goshen, Ind. says the as yet unnamed company …
MHProNews has learned from delawarenewszap members of the Delaware Manufactured Home Relocation Authority (RTA) testified before the Joint Sunset Committee to extend the authority five more years. The HRA is set to sunset July 1, 2014. Established in 2003 to assist manufactured homeowners who need to relocate due to a …
Stockhouse reports UMH Properties, Inc. (NYSE:UMH) has acquired the 274 homesite Holiday Mobile Village in Nashville, Tenn. for $7,250,000. Situated on approximately 68 acres with an occupancy rate of 82 percent, MHProNews has learned this purchase bumps UMH into owning 68 communities with 12,800 developed homesites. Samuel A. Landy, President, …
UMH Acquires Tennessee Manufactured Housing Community Read More
The Advocate informs MHProNews from Clinton, LA north of Baton Rouge, the Police Jury has a new ordinance that governs the siting of manufactured homes in unincorporated areas of the parish. The version chosen was the one supported by the parish’s Planning and Zoning Commission over one proposed by jury …
