It is now official: Donald J. Trump is the 45th President of the United States, and Mike R. Pence is Vice President of the United States. The Daily Business News has followed primary, election and post election activity closely showing the many faces, and voices of the campaign. In President …
From Obama to Trump: America Celebrates, Protests and Contemplates Read More
In Richmond, Virginia, a manufactured home community is going through the pains of change. Dennis Pasqualino purchased Rudd’s Trailer Park at auction in March. When the purchase was completed, he told residents that he planned to install surveillance cameras and remove some of the empty homes. While that hasn’t happened …
In celebration of their 50th anniversary, UMH Properties, Inc. (UMH: NYSE), led by Eugene W. Landy, Chairman of the Board of UMH, rang the closing bell at the New York Stock Exchange (NYSE) Thursday, Jan. 19. The event coincided with the company’s quarterly board meeting and a special dinner reception …
UMH Anniversary at the NYSE, Landy Rings Closing Bell Read More
Keith Ellison (D-MN) has introduced The Energy Efficient Manufactured Homes Act of 2017 (H.R. 515), which proposes to enable economically vulnerable families to live in safe, affordable and energy-efficient homes. “There are as many as two million families who live in outdated energy-inefficient manufactured homes built more than two decades ago,” …
Bill Introduced to Replace Outdated Manufactured Homes Read More
Resident Owned Communities USA (ROC USA) tells MHProNews that their latest study shows that rents in their communities remain equal to or below market rate after five years. Every five years, ROC USA hires an independent third-party appraiser to analyze monthly rents in ROCs and compare them to similar commercially …
Study Shows Rents Remain Equal to or Below Market Rate Read More
The times are changing, and so are the demographics. Research from the National Association of Realtors (NAR) states that in 2017, more than half of all first-time homebuyers will be a millennial. The Digital Journal and hundreds of other media and special interest websites have picked up the exclusive MHLivingNews …
NAR – Millennials Want Quality Affordable Homes to Buy in 2017 Read More
Bill and Mary Ann Ridenour became “empty nesters” recently, and were left with a 3,200 square foot house. As many couples do in this situation, the Ridenours decided to downsize. And they discovered the magic of manufactured housing. “When I tell people what we did they think I’m joking,” said …
In Melbourne, Florida, manufactured homes are getting a whole new level of respect. From millennials. “The generation that is now attracted to manufactured homes wants all the extras and we’re giving it to them,” said Ryan Brower, general manager at Lamplighter Village. “Today’s buyers may be downsizing from a 4,000-square-foot …
Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) is getting some help from Senate Democrats to save his job. As the Daily Business News reported recently, Republican Senators Mike Lee (UT) and Bob Sasse (NE) sent a letter to Vice President-elect Mike Pence and President-elect Donald Trump, urging …
In Sweden, even with a robust and sturdy “welfare economy,” the nation is still suffering from an intense housing shortage due to its popularity as a destination for migrants. It’s now looking to shipping containers as an option to ease the crisis. And with imports from places like China to Europe much …
Faced With Housing Shortage, Nation Turns to Unused Containers 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), tells MHProNews that they have launched a new division of the company that will deliver homes from home building facilities to retail home centers. Clayton Home Transport will be a part …
In another case of NIMBY (Not-In-My-Back-Yard), a South Carolina County Council is asking for more clarity. The Aiken County Council has sent a proposed rezoning back to the planning commission to review alternate zoning of some or all of the area. According to the Aiken Standard, last month the County Council …
Proposal to Keep Manufactured Housing Out Sent Back to Planning Commission Read More
As “baby boomers” eye retirement in large numbers, builders believe that they could jumpstart an affordable housing boom. Per FOX Business, a report by the Harvard Joint Center for Housing finds that by 2035, more than one in five people in the U.S. will be aged 65 and older and one in …
Harvard Study, Baby Boomers to Spark Affordable Housing Boom Read More
Things are heating up in Arkansas between the manufactured housing industry and Governor Asa Hutchinson’s office. According to KATV, the issue stems from a proposal that is designed to stop military retirement benefit pay from being taxed. Proponents of the proposal say that it would bring more military to live …
Manufactured Housing Industry Speaks Out Against Tax Levy Read More
America’s small businesses are very optimistic. Per Bloomberg, The National Federation of Independent Business’s (NFIB) index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. The December numbers represent the largest rise in optimism since 1980 as expectations about the economy’s prospects improved …
With confirmation hearings underway for Dr. Ben Carson as Department of Housing and Urban Development (HUD) Secretary, the voice of opposition is speaking loud and clear. “Although you have many accomplishments in the medical field, there is relatively little in the public record that reveals how you would further HUD’s …
Former HUD Secretaries Endorse Ben Carson for Post Read More
A new year, a new month, and a new set of 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, …
Assurant, Inc. (NYSE: AIZ), a global provider of risk management solutions has announced that it paid $125 million in cash for Green Tree Insurance Agency, with potential earn outs of up to $25 million, based on future performance. Assurant is acquiring Green Tree from a wholly owned subsidiary of Walter …
In a major move at Patrick Industries, Inc. (NASDAQ:PATK), CEO Todd Cleveland sold 10,000 shares of stock on January 6th. At an average price of $80.16, the total value of the transaction was $801,600.00, per Sports Perspectives. Post-sale, Cleveland now owns 344,998 shares in the company, valued at approximately $27.6 million. During …
Insider Action, Earnings Results at Patrick Industries Read More
One person was hospitalized in Cedar Rapids, Iowa yesterday when a 2015 Chevrolet Cruze left the road and crashed into a manufactured home. According to the Cedar Rapids Gazette, public safety spokesman Greg Buelow said that first responders were called to the Grand View Village manufactured home community for a …
Car Crashes into Occupied Manufactured Home, Latest Strange yet True Stories Read More
