President and Treasurer of the Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame Darryl Searer has agreed to continue leading the Hall for an additional two years, according to chairman of the board Barry Cole. Searer will also become chairman when Cole’s term expires in 2014 because Jay Hesse, who …
The New Jersey Small Business Development Center (NJSBDC) honored modular home builder RBA Homes of Red Bank, New Jersey for doubling staff and sales revenues, according to redbankpatch.com. RBA President Bill Lashovitz in turn thanked counselors at NJSBDC for helping the company rebound after Hurricane Sandy and for help in …
All three major indexes fell over one percent as the Federal Reserve announced it will taper its bond-buying program by another $10 billion, amid concerns about Turkey and other emerging markets. CNNMoney reports the Dow Jones Industrial Average dropped 189.77 points, -1.19 percent, to end the day at 15,738.79. The …
Peter Gallagher, vice president of sales and operations of Liberty Homes Custom Builders (LIBHA) in Pocono Lake, Pennsylvania, has been elected vice-president of the Pennsylvania Builders Association (PBA), a nonprofit trade group that offers homebuilders opportunities for networking and examining governmental issues related to the trade. Liberty is a long-time …
Liberty Homes Veep now a Veep for Trade Organization Read More
Business research group the Conference Board reports a brighter view of the job market and business conditions has led consumer confidence to its highest point since August, 2013, reaching 80.7 in January, up from a 77.5 December reading of the index. “Confidence appears to be back on track and rising …
Consumer Confidence Improves in January over December Read More
MHProNews.com has learned from heraldonline.com that JPMorgan Chase & Co. (NYSE:JPM) has created a new community development financial institution (CDFI) Collaboratives program to stimulate economic growth and opportunities in distressed and underserved communities, committing $33 million spread over 21 states. The financial services giant, with over $2.4 trillion in assets …
JPMorgan Grant Focuses on Manufactured Housing Communities Read More
The number of renter households is expected to increase five to six million in the next ten years above the nearly 40 million now in the housing stock, according to the National Association of Realtors (NAR). Even as Harvard University’s Joint Center for Housing Studies reports 162,000 one-time homeowners became …
Woodward County Commissioners in Woodward, Oklahoma have approved the final plat for a housing addition that will allow site-built as well as manufactured and modular homes. Riata Ranch was approved for a second time as commissioners felt the need to spell out covenants and restrictions in more detail. In assuring …
New Addition—Mix of Manufactured, Modular and Site-Built Homes Read More
Eastern District Commissioner Ray Weter of Christian County, Arkansas, noting the need for additional courtroom space, has proposed moving the sheriff’s office out of the justice center in Ozark, where the need for more courtroom space is needed, and into an $800,000 two-story modular building which would be built next …
Modular Sheriff’s Office/Jail would Ease Overcrowding Read More
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray received criticism during a hearing Tue., Jan 28 from the Chairman of the House Financial Services Committee, Jeb Hensarling, (R-TX), who said his committee is already hearing negative feedback from consumers regarding the Qualified Mortgage rule which went into effect Jan. 10. …
CFPB Director Cordray Grilled at House Financial Services Committee Hearing Read More
Investors, plowing through corporate returns and responding to turmoil in emerging markets settling down, moved the three major indexes into the plus column as the Dow advanced nearly 100 points. CNNMoney reports the Dow Jones Industrial Average gained 90.68 points, +0.57 percent, to end the day at 15,928.56. The Nasdaq …
Skyline Corp. Tops Advances Second Consecutive Day Read More
Resident-owner Doug LeFevre of the Sandpiper Resort co-op manufactured home community has requested a variance to replace his manufactured home with one that will be 25-feet, higher than the 15-foot limit now governing manufactured housing communities in Bradenton Beach, Florida. The co-op board of directors has approved the request, according …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews.com the House of Representatives Financial Services Committee is establishing an internet link for people to give first hand accounts of how the new Dodd-Frank Act and its implementation by the Consumer Financial Protection Bureau (CFPB) is affecting them. This window …
A recent study conducted by Zillow and the National Urban League revealed that African-Americans are less likely to apply for a mortgage than any other ethnic group, and are 2.4 times more likely to be denied a mortgage than whites. Just over 25 percent of African- Americans are rejected, versus …
Despite sales of newly-built, single-family homes falling seven percent in December to a seasonally-adjusted annual rate of 414,000, home sales in 2013 rose 16.4 percent over the previous year, reports the National Home Builders Association (NAHB). “Consumers are getting used to more realistic mortgage rates, which still remain favorable on …
New Home Sales Fall in December but Rise on the Year Read More
Despite a good economic report from bellweather Caterpillar, investors’ concerns about corporate earnings and emerging markets turned the first day of the week to red ink as all three major indexes fell. CNNMoney reports the Dow Jones Industrial Average dropped -41.23 points, -0.26 percent, to end the week at 15,837.88. …
Skyline Advances almost 4%; other Tracked Stocks Fall or Remain Even Read More
Although Walker County, Alabama, just west of Birmingham was spared extensive damage during the April 2011 tornadoes that devastated several communities, work has begun on two of the 21 modular storm shelters approved by the Federal Emergency Management Agency (FEMA). Concrete pads have been poured in the Thach community and …
According to wkrb13.com, manufactured housing community (MHC) owner Equity LifeStyle Properties (NYSE:ELS) will announce its earnings results Tue., Jan 28. While the stock opened at $37.10 Mon., Jan 27, it has a 52-week low of $33.36 and a 52-week high of $42.86. The company has a market cap of $3.091 …
Another on-site modular home builder has come to the attention of MHProNews.com, this time from Great Britain. Facit Homes, finalists in the INDEX: Awards, is responding to the housing shortage in the larger cities, where prices have risen 53 percent in four years, offering 3-D printing of the parts on …
The massive fertilizer plant explosion in West, Texas April 17, 2013 destroyed several school buildings which have been replaced with 28 instructional and support modular structures, including 17 units manufactured by Ramtech Building Systems. The West Independent School District (ISD) is also receiving modular classrooms from other school districts, which …
Modular Classrooms Provide Fix for Destroyed Schools Read More
