The proposed expansion of a manufactured home community in Water Valley, Mississippi, appears to have hit a snag after a city meeting this week. According to the Oxford Eagle, city officials said that the city does not have the capacity to provide sewage for the entire project. In response to questions …
As the U.S. and other countries around the world look for solutions to a growing housing crisis, that fight has come to what some would consider an unexpected place. According to the Cape Cod Times, the year-round crisis is mounting on Martha’s Vineyard in Chilmark, Massachusetts, and Marina Lent is …
The residents of Balls Ferry Fishing Resort & Mobile Home Park in Anderson, California, were dealt a blow by heavy rains this week, which caused the nearby Sacramento River to crest and flood the community. According to the Record-Searchlight, heavy rain slammed into the area on Monday and into Tuesday, …
In a release to MHProNews, Security Mortgage Group’s Managing Director, Gerard D. DiMarco, Jr. informs the manufactured housing industry’s Daily Business News that the firm has secured 30 million dollars in lending for new and existing clients. As regular readers of the Daily Business News know, Security Mortgage Group is a four-time …
January Manufactured Home Community Loans, 30 Million Dollars by Security Mortgage Group Read More
Washington, D.C., February 9, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, at a Federal Housing Finance Agency (FHFA) “listening session” in Washington, D.C. on February 8, 2017, President and CEO Mark Weiss reiterated and underscored previous remarks by MHARR representatives. Weiss asserted that the …
MHARR to FHFA: Duty to Serve Requires Material and Expedited Support for MH Chattel Loans Read More
The National Association of Home Builders (NAHB) has expressed support of President Donald Trump’s actions to roll back the Dodd-Frank Act. As Daily Business News readers are aware, President Trump signed an Executive Order to begin the rollback process that will direct the Treasury secretary to review the 2010 Dodd-Frank …
LCI Industries (NYSE: LCII), formerly Drew Industries, reported earnings for Q4 2016 and year-end today. Consolidated net sales in the fourth quarter of 2016 were $403 million, 21 percent higher than Q4 2015 net sales of $334 million. Net income was $26.3 million, or $1.05 per diluted share, for the …
The survey arm of insurance giant Legal & General believes it has the answer for bringing the mortgage market on board with prefab and modular home lending. “An industry-wide guarantee would help bring everyone to the market but, of course, their appetites will differ according to the requirements of their …
Legal and General Reveals Secret for Modular, Prefab Lending Read More
It appears that Americans saw the election of Donald Trump as good reason to be optimistic. According to Newsmax, confidence in the U.S. economy soared to record highs at the time President Donald Trump officially entered the White House, as optimism was higher in January than in any other month …
Economic Confidence Index Hits New High – the Trump Effect? Read More
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 …
For the residents of Ba Mar Manufactured Home Community in Stony Point, New York, Superstorm Sandy is still fresh in their minds from the damage it inflicted in 2012. On January 26th, residents packed Stony Point Center to learn about what options would be available to them through the Governor’s …
MHC Residents Hear Proposal for Superstorm Sandy Relief Read More
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
In Boston, Massachusetts, as with many other cities around the world, housing demand is off the charts. According to Progrss, the case in Boston has compelled the city, along with the Mayor’s Housing Innovation Lab, Livelight and BSA Space to commission the design of a modular micro house called the …
Do You Uhü? New Modular Design Tackles Housing Challenges Read More
In Bismarck, North Dakota, affordable housing is of vital importance. And, according to the Bismarck Tribune, a group of manufactured home community owners are petitioning the city commission for the creation of a task force to keep manufactured home community living affordable. “These homes represent the most affordable unsubsidized …
For residents of the East End Mobile Home Park in Manassas, Virginia, hopes for an extension on an order to vacate are hanging in the balance. In a story that the Daily Business News has followed from the beginning, and through resident requests for a lifeline, Manassas city officials have …
A visit to a manufactured home community in Chapmanville, West Virginia, by the Logan County Health Department quickly turned into a crisis. Community landlord George Evans told residents of the Caroline Estates Mobile Home Park on January 29th that they needed to be out of the community by January 31st …
Bad Actor? MHC Residents Given 48 Hours Notice to Vacate 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 …
“I think one of the challenges we have as an industry is that there is not enough positive news about manufactured housing to counter the negative.” – Darren Krolewski, Executive Vice President MHVillage/DataComp, in response to blog post by Manufactured Home Community sector maverick, Frank Rolfe. “As for Frank, he takes …
Frank Rolfe Blasts MHI for Poor Media Engagement, Industry Reactions Read More
The second full week of the Trump Administration came to an end on Friday, and brought with it the first jobs report under the new commander in chief. U.S. employers added the most workers in four months, while wage growth slowed slightly more than projected. According to CNSNews, the report …
