The Esperance Chamber of Commerce and Industry in Australia is sponsoring its inaugural home and lifestyle expo in hopes of keeping local shoppers shopping locally, according to abc.net.au. The show is replete with vendors offering building and renovation supplies, as well as modular homes. The show is on Friday and …
A huge sell-off by investors sent the Big Board spiraling downward, as the Nasdaq fell -3.10 percent, -129.79 points, to drop to 4,054.11, and the Dow Jones Industrial Average lost -1.62 percent, -266.96 points, to end the day at 16,170.22. The S&P fell -2.09 percent, -39.1 points, to end its …
Deer Valley Plummets 35 Percent; Dow, Nasdaq, S&P all Fall Sharply Read More
Expanding into the Southwest, LendSmart Mortgage has opened a branch in Scottsdale, Arizona to service the Colorado, California and Texas markets, as nationalmortgageprofessional.com informs MHProNews.com. The new lending center will offer conventional and specialty mortgages, including manufactured housing, and expects to write $25 million in loans by the end of …
LendSmart Open to Manufactured Home Loans in Southwest Read More
The Anderson, Indiana City Council will consider a voluntary request for annexation from PAC Development LLC, which has agreed to extend water and sewer lines to the 66-acre parcel at its own expense. According to heraldbulletin.com, five acres of the land have been sold with an option to buy additional …
Rumors Quelled about Manufactured Housing Community Read More
In an attempt to streamline services of the U. S. Rural Housing Service (RHS), administrator Tony Hernandez says the agency is automating the loan approval process and lenders are willing to pay $50 for each loan to cover the cost, reducing the RHS need to seek financial support from Congress. …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financials for the first quarter ending March 31, 2014 on Tuesday, May 6, 2014 after the market closes. A conference call to discuss the results will be held on Wednesday, May 7, at 9 AM EST. A live …
The release of minutes from March’s Federal Reserve meeting revealed most all of the members agreed getting rid of the 6.5 percent benchmark as an indicator for timing interest rate increases was a wise move. Investors interpreted that to mean interest rates will continue to remain low, which boosted all …
Deer Valley Spikes, Patrick Jumps Up, Major Indexes Rise Solidly Read More
Triumph Modular of Littleton, Massachusetts received five Awards of Distinction from the Modular Building Institute at the World of Modular in San Antonio, Texas. Offering competition in over 30 categories for MBI members, the contest is the industry’s premier awards program. Triumph’s winners in the Permanent Modular Education category are …
With the goal of 15 percent of the housing in Carrboro, North Carolina to be in the affordable range by 2020, the Board of Aldermen held a roundtable discussion about a variety of possibilities. According to chapelboro.com, Alderperson Jacquelyn Gist, noting affordable doesn’t just mean just low mortgage rates, adds, …
Manufactured Housing an Option to Increase Affordable Housing Read More
The one-hour reality competition series “American Dream Builders” will include Cavco Homes, Inc., (NASDAQ:CVCO) and Palm Harbor Homes in an upcoming episode to air on Sunday, April 13, on NBC. Hosted by renowned designer Nate Berkus, Cavco built modular homes they call Eco Cottages for one competition episode of the …
Cavco Homes to have Modular Home on TV Design Competition Read More
A new website dedicated to inform consumers about manufactured homes has been launched by the Manufactured Housing Association of Atlantic Canada (mhaac.ca), according to thechronicleherald.ca. The non-profit member-driven organization features answers to consumers’ questions, provides a code of conduct that members agree to abide by, and offers a directory of …
The McCook (Nebraska) City Council approved a request for Robert and Sharon Harvey to purchase two city-owned lots for $5,000 in order to site their manufactured home near the Red Willow County Fairgrounds, according to mccookgazette.com. McCook is in south central Nebraska very near the Kansas border, MHProNews.com has learned. …
Stocks bounced back modestly as investors moved cautiously back into the market in today’s trading. The Dow Jones Industrial Average advanced +0.06 percent, +10.27 points, to end at 16,256.14. The Nasdaq moved up +0.81 percent, 33.24 points, to close at 4,112.99, while the S&P gained +0.38 percent, +6.92 points, to …
Cavco Nudges Up; Investors Slowly Return to Trading Read More
Referring back to a post MHProNews.com published March 26, 2014, regarding the introduction by the Senate Banking Committee of the housing finance reform bill, the Manufactured Housing Institute (MHI) reports the committee will mark up its bipartisan bill April 29. As proposed, the new measure would replace Fannie Mae and …
Senate Set to Mark Up Housing Finance Reform Measure Read More
When a resident of a manufactured home community in Muskegon, Michigan (MHC) injured herself and had to be moved to a nursing home, her niece sold the home to Timberline Mobile Home Sales for $9,000, which prompted a lawsuit by Nomad Mobile Home Park management for violating the “first right …
Dispute over Sale of Manufactured Home now in Court Read More
Following a story MHProNews last posted April 4, 2014, regarding a modular housing development proposal in Medicine Hat, Alberta, Canada, the city council declined the housing recommendation from the Municipal Planning Commission for 85 modular homes. Voting 7-1 against, the council said the area is too close to an industrial …
Statistics from the National Association of Home Builders (NAHB) indicate modest improvement this month over March, and anticipates a traditional, solid, spring home-buying season. Based on employment, permits and price data, the NAHB/First American Leading Markets Index (LMI) reports 28 percent of metro areas experienced a rise in their score …
Updating a post MHProNews published April 4, 2014 regarding Aetrium Inc.’s acquisition of modular builder KBS Building Systems of Maine, the shares of Aetrium skyrocketed 42 percent the day after the acquisition was announced. The firm has been constructing machines that handle and test computer chips since 1982, according to …
At a recent board of education meeting in Fort Lee, New Jersey, school officials made a space and cost-effective case for spending $170,000 a year for 12 full-size modular classrooms to accommodate the additional 100 students expected this coming fall. Four small classrooms at a nearby church the school board …
New Jersey School Officials Propose Modular Classrooms Read More
Updating a post MHProNews.com published April 1, 2014 about a three-unit modular housing development in Ridgefield, Connecticut hitting another roadblock after 18 months of debate, planning and zoning (P&Z) finally approved the proposal by Ridgefield Modular Home Corp. As theridgefieldpress.com reports, P&Z agreed to a single building with three three-bedroom …
Modular Apartments finally Approved in Ridgefield, Connecticut Read More
