A major blow was delivered to those who were working to defend the Consumer Financial Protection Bureau (CFPB) last week, when a federal appeals court denied their motions. According to Pay Before, the same three-judge panel of the U.S. Court of Appeals for the D.C. Circuit that determined the CFPB …
Silverpoint Homes, a West Virginia-based company that specializes in the sale and construction of modular houses, is the new owner of the former Nationwide Homes of the Triad in Whitsett, North Carolina. According to Triad Business Journal, this is the second location for Silverpoint Homes in the state, with the …
Modular Builder Acquires Retailer, Misconceptions Corrected Read More
Washington, D.C., February 6, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, per official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially again during December 2016. These just-released statistics indicate that HUD …
HUD Code Manufactured Home Production Continues Growth, December Report Read More
For manufactured home community residents in Dover Point, New Hampshire, Christmas came early. According to Co-Operative News, those residents created the Dover Point Cooperative, elected a board, and engaged the Resident Owned Communities team (ROC) at the New Hampshire Community Loan Fund (NHCLF) to guide them through the $3.125 million …
A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. What the Daily Business News spotlights …
A busy day for President Donald Trump, as he signed orders to implement additional sanctions on Iran, met with his CEO executive council and signed an Executive Order that is significant to the manufactured housing industry. According to the Daily Mail, the Executive Order to be signed by President Trump …
Trump Signs Executive Order, Dodd-Frank Roll Back to Begin Read More
In Laconia, New Hampshire, the Lakemont Cooperative-owned Briarcrest Estates manufactured home community is in a unique position. According to the Laconia Daily Sun, the story dates back to July 2013, when community owners Mark and Ruth Mooney tentatively agreed to sell the Briarcrest Estates to Hometown America for $10 million. …
Hometown America Trying to Buy Resident Owned Community, Rift Results Read More
The Western Catskills Community Revitalization Council, Inc. (WCCRC-New York) announced last week that they will be hosting a Homeownership Academy for residents who are interested in the WCCRC manufactured home replacement program. A number of topics associated with homeownership will be covered at the academy, including information for owners of …
A tragic event in Champaign County, Ohio, on Monday shined a bright light on the differences between mobile and manufactured homes, and why terminology matters. The mobile home fire left Kalleen Emmons, 23, in critical condition and Robert Garringer, 31, in serious condition. Two children were also injured. According to …
Mobile, Manufactured Home Fire Myths go Up in Smoke Read More
Clayton Homes, one of the nation’s largest builders of manufactured housing and a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A), is celebrating. “I’m so proud to continue the tradition my father, Jim Clayton, started – making the dream of homeownership a reality,” said CEO Kevin Clayton. “Over the past 60 years, …
60th Anniversary Home, “Proud to carry on tradition of Jim Clayton” Read More
What a difference a storm can make. According to the Palm Beach Post, a tornado that ripped through the Juno Beach Condo Mobile Home Park last week put the issues surrounding manufactured home communities in Palm Beach county front and center again, as a combination of developers buying up communities …
Washington, D.C. – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that, at a Duty to Serve (DTS) “listening session” conducted by the Federal Housing Finance Agency (FHFA) in Chicago, Illinois on January 25th, it advised FHFA officials and representatives of the FHFA regulated Government Sponsored Enterprises (GSEs), that the …
MHARR to FHFA: Duty to Serve Without Chattel is Unacceptable Read More
As we wrap up the month of January, our featured articles are found on the MHProNews.com home page. Our theme for this month is: Jiu Jitsu January in Manufactured Homeland, USA. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click …
In Sumter County, Florida, the County Commission approved rezoning 26 acres in rural Wildwood to allow development of a 110-unit subdivision with manufactured homes or townhouses. And some of the residents were not pleased. According to Villages News, in an attempted case of NIMBY (Not-In-My-Back-Yard), a survey of nearby residents …
UMH Properties (NYSE: UMH) celebrated its 50th anniversary at the New York Stock Exchange last week, including ringing the closing bell. At the same time, a Nashville publication that had previously offered the company praise was telling a very different story. According to the Tennessean, residents at UMH owned properties …
North of Calgary, Alberta, Canada, the Town Administration of Sylvan Lake was looking for clarification from the town council on recent changes to a land use bylaw for manufactured and modular homes. And it received a very interesting answer. It appears the bylaw is designed to stop manufactured or …
Does New Bylaw Discriminate Against Manufactured Homes? Read More
North of the border, in Mayerthorpe, Alberta, Canada, in what appears to be another case of NIMBY (Not-In-My-Back-Yard), a housing developer is not pleased about a planned manufactured home community. According to the Mayerthorpe Freelancer, local housing developer Tim Rosadiuk criticized Mayerthorpe’s new manufactured housing subdivision and said there is a lack …
Local Developer Says MH Community Hurts Property Value Read More
Rough weather in the central valley of California caused a major gas service outage for residents at the Morehead Park community in Tracy on Monday. Per the Tracy Press, a storm caused a 60-foot-high tree to fall, dragging a gas main line out of the ground with the roots. For …
Storms, High Winds Leave 100 MH Homes Without Heat Read More
Mortgages are a complicated thing. Between bad loan quotes, potentially having to commit in advance of information verification, and “Lock Abuse,” which is a lock price that is above the lender’s posted price at the time of commitment, the home loan market is prime for a change. Jack Guttentag, also …
A Solution for the Dysfunctional Home Loan Market? Read More
Rochester, New York-based Security Mortgage Group, a national award-winning MH Community lending broker, has provided $80,032,500 in financing for several manufactured home communities throughout the nation over the last few months. Managing Director, Gerard D. DiMarco, Jr., secured financing for several MHC portfolios, including a repeat client’s portfolio of Midwest …
Security Mortgage Group Finances 80,032,500 for Several Communities Read More
