MHProNews.com has been informed the need for worldwide senior housing is projected to drive that sector of the construction market to $127 billion by 2023 in the G20 summit nations, growing at a compounded eight percent over the coming decade, more than double the current market value. As reversemortgagedaily.com says, …
Growing Need for Senior Housing to Drive Modular Market Read More
Investors clearly liked it when new Federal Reserve head Janet Yellen said she will continue the ongoing monetary policy, driving each of the three major stock indexes over one percent. CNNMoney reports the Dow Jones Industrial Average jumped +192.98 points, +1.22 percent, to end the day at 15,994.77. The Nasdaq …
Nobility Spikes, Skyline Falls Again, as Three Major Indices Rise Read More
According to thealpenanews.com, the Harrisville (Michigan) Aldermen heard from Carolyn and Rick Pender of their plans to develop their property into lots for 40 modular homes. MHProNews.com has learned the couple wants the city to vacate several unbuilt streets that they can use for their development. The Pender’s have hired …
Palomar Modular Buildings will have a display at the BuildExpo Dallas at the Dallas Convention Center, Feb. 12-13, 2014, one of the larger building and construction trade shows in the nation. As prweb.com informs MHProNews.com, Palomar manufactures modular building for office, retail, healthcare, education and workforce housing from its manufacturing …
The Albuquerque (New Mexico) Community Foundation oversees the awarding of 16 scholarships. The New Mexico Manufactured Housing Association (NMMHA) Scholarship offers $1,000 for graduating New Mexico high school seniors who live in manufactured homes. MHProNews.com has learned from abqjournal.com applicants must have a minimum grade point average (GPA) of 3.0. …
New Mexico Manufactured Housing Association to Award Scholarship Read More
Manufactured housing component and building supplier Patrick Industries, Inc. (PATK) is set to release its financial results for 2013 before the market opens on Thurs., Feb. 20. According to twst.com, a conference call will be held later that morning at 10:00 AM eastern time to discuss the results. CEO and …
The Virginia Manufactured and Modular Housing Association (VAMMHA) announces applications are being accepted for its 2014 Scholarship Program. Applicants must be employed by VAMMHA member companies or be the children or grandchildren of employees and have a 3.0 grade point average (GPA). They are required to submit three letters of …
Fannie Mae has collected nearly $14 billion from eight mortgage lenders since the start of 2013 for repurchase claims, and just agreed to $591 million from Wells Fargo, which will mark the end of its efforts to collect on defective loans it bought from private lenders during the the peak …
Writing for bankstocks.com, commentator Thomas Brown says while the Consumer Financial Protection Bureau (CFPB) is supposed to insure consumers get a fair shake when obtaining a mortgage, it will end up making credit more expensive and tougher to get for the people it was intended to help. It is accountable …
All three major indexes made very modest gains in today’s trading as investors waited for testimony from Janet Yellen, the new head of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average edged up +7.71 points, +0.05 percent, to end the day at 15,801.79. The Nasdaq advanced +0.54 percent, …
The Indiana Manufactured Housing Association/Recreation Vehicle Indiana Council (IMHA/RVIC) honored past president Adriane DeRose with the President’s Award, bestowed upon a deserving board member each year. From Carefree Homes of Pendleton, Indiana, DeRose received the honor from IMHA/RVIC President Eric Oaks. The Citizen of the Year Award, presented to someone …
Following up on the manufactured housing statistics for 2013 MHProNews.com posted Feb. 4, the Manufactured Housing Institute (MHI) reports total floors shipped in December 2013 were 6,289, an increase of 15.1 percent compared with December 2012. As shipments increased 9.7 percent year-over-year, the number of plants reporting increased by one …
MHProNews.com has learned from asburyparknews.com in New Jersey, Wells Fargo Home Mortgage told a family displaced from their home by Hurricane Sandy in Oct., 2012 they could not use their insurance check to purchase a modular home. It would cost $300,000 to repair the home in Brick, NJ, and they …
Sandy Victims Initially Denied Modular Home Rebuild Read More
The former AIM High School Building in Ector County, Texas is up for sale by the Ector County Independent School District (ECISD). The highest bid of $1,352,000 was submitted by Cardinal Homes, Inc., according to newswest9.com. Headquartered in Wylliesburg, Virginia, MHProNews.com has learned Cardinal has a network of modular home …
The Board of Directors of Saudi Arabia’s Red Sea Housing Services Co., a publicly traded modular housing company, has recommended the distribution of 75 million Saudi Arabia rials (SAR), roughly $20 million at the current exchange rate, as cash dividends for 2013. According to what zawya.com tells MHProNews.com, the board …
Red Sea Housing Distributes a Share for each Share Owned Read More
According to multihousingnews.com, government services enterprise (GSE) Fannie Mae reports in 2013 it provided $28.8 billion in multifamily finance, covering 507,000 multifamily units. Over 85 percent of of the multifamily units financed by Fannie Mae in 2013 were affordable to tenants earning at or below the median income in their …
Fannie Mae Loans for Manufactured Homes Rise in 2013 Read More
The lukewarm jobs report from the federal government did not damper investors’ enthusiasm as the week closed on a high note after a choppy ride. CNNMoney reports the Dow Jones Industrial Average gained +165.55 points, +1.06 percent, to end the day at 15,794.08. The Nasdaq advanced +1.69 percent, +68.74 points, …
Dow, Nasdaq, S&P Recover from Choppy Week; Tracked Housing Stocks Mixed Read More
The Grove, Oklahoma City Council adopted a manufactured home (MH) ordinance including revised definitions for manufactured homes, non-conforming residential manufactured home communities and residential manufactured home communities. The ordinance says where an MH can be sited and what standards an MH must meet in order to be placed in Grove, …
The U. S. Department of Justice has informed MHProNews.com that the owner and manager of Four Seasons Estates Mobile Home Park in Effingham, Illinois have been charged with violating the Fair Housing Act’s (FHA) prohibition against racial discrimination in their 126 homesite community. Owner Lorraine Wallschlaeger and manager Barbara Crubaugh, …
In an interview with Bloomberg News‘ Betty Liu, investor Sam Zell says the residential market in 2014 will be benign. “The demand for single-family houses is, in my judgment, muted.” Asked what happened to all the demand for the generation Xers who are supposed to be moving out of their …
