The board of directors of real estate investment trust (REIT) Sun Communities, Inc. has announced an increase of $0.08 per common share for its 2014 target distribution rate to $2.60. While the board has adopted this new rate, it will still be subject to approval by the board each quarter …
MHProNews has learned from private sources that North American Extrusion and Assembly (NAEA) has inked an exclusive agreement with Wolfpack Chassis to provide the manufactured housing (MH) and recreational vehicle (RV) industries with premium windows. The Noble line of windows were introduced at the Louisville Manufactured Housing Show this past …
Wolfpack and North American Extrusion Sign Exclusive Deal Read More
Lippert Components, Inc. of Elkhart County, Indiana received final approval from the Goshen (IN) Plan Commission to rezone 56 acres from Agricultural A-1 to Industrial M-1 for future use by the company. The city originally annexed the area April 1, 2012, according to RVBusiness.com, with the intent to rezone it …
According to willistonherald.com, the Williams County (North Dakota) Planning and Zoning Commission denied a request for a 55 home single-family residential development to be built outside Ray, ND, just northeast of Williston in the housing-strapped Bakken Oil Field region. Limited to manufactured, modular and site-built homes, the 164 acres were …
Single-family Project to include Manufactured and Modular Housing Quashed Read More
Just as we learn half of our Congressional representatives in Washington are millionaires, and that the rich are getting richer, MHProNews has learned more Mr. and Mrs. D. Pockets are back on the scene building mega mansions. According to the Mortgage Bankers Association (MBA), applications for home loans of $625,000 …
Following up on a story MHProNews posted Jan. 20, 2014 regarding a possible grant for water system improvements at the Centennial Estates Manufactured Housing Community (MHC) Cooperative in Derry, New Hampshire, the town council voted to apply for the $500,000 Community Development Block Grant (CDBG). The application will compete against …
Manufactured Home Community Co-operative Applies for Block Grant Read More
The 125,000 square foot industrial space in Bend, Oregon at one time occupied by Fuqua Homes, Inc. has been sold to a hedge fund manager and his wife for $2.7 million. The couple will likely develop it into a multi-tenant facility, according to bendbulletin.com. Fuqua Homes built manufactured and modular …
American architectural firm KieranTimberlake (Stephen Kieran and James Timberlake), taking a page from Henry Ford and his numerous prototypes (the “Model T” derives from the 19th letter in the alphabet, because Henry had 18 previous failures), are working to transform architecture beyond its traditional guidelines into the domains of software …
India may be Inundated with Millions of Modular Homes Read More
In its worst week since Nov. 2011 the Dow Jones Industrial Average tumbled nearly two percent, while the Nasdaq and the S&P 500 both fell over two percent, as investors worried about an economic slowdown in China. CNNMoney reports the Dow dropped -318.24 points, -1.96 percent, to end the week …
Cavco, Drew Drop 4% Plus; Dow Plunges 318.24 Points Read More
As the result of high winds, a manufactured home being transported along Interstate 205 between Vancouver, Washington and Portland, Oregon tipped onto the edge of a bridge above the Columbia River, according to katu.com. Oversize loads were temporarily banned from the highway, the first time Washington Department of Transportation officials …
The Monticello (Arkansas) City Council passed an ordinance effective May 1, 2014 that limits manufactured homes sited be no more than 15 years old, and they must meet all city building and occupancy codes the same as other homes. According to mymonticellonews.net, building permits for manufactured homes are only good …
New Manufactured Housing Ordinances take Effect May 1 Read More
Marking the highest level of sales since the housing boom year of 2006, 5.1 million previously owned homes sold in 2013, up 9.2% from 2012 and almost 20% more than 2011, according to the National Association of Realtors (NAR). As CNNMoney informs MHProNews, in the first month-over-month increase since July, …
All three major indexes fell in today’s trading as investors continued to express concerns over corporate earnings. CNNMoney reports the Dow Jones Industrial Average fell -175.99 points during the day, -1.07 percent to close at 16,197.35. The Nasdaq dropped -24.13 points, -0.57 percent, to end at 4,218.87, while the S&P …
Louisiana Pacific Gains, Nobility Falls, Three Major Indexes Drop Read More
In light of the Harvard University’s Joint Center for Housing Studies startling conclusion that 25 percent of households spend over 50 percent of their income on rent, nerdwallet.com analyzed the top 100 most populous metro areas to determine which have conditions most favorable for purchasing a home. Arranging the list …
Gordon Crawford of DataQuick, noting the months of increasing home values in the 42 markets the company analyzes in its Property Intelligence Report (PIR), says the substantial drop in prices in December is a good sign that the housing market is leveling off, according to nationalmortgagenews.com. “It shows that home …
Foreclosure and Home Price Decline Bodes Well for Stability Read More
Show coordinator Dennis Hill said by 1:00 PM, Wednesday Jan. 22, the first day of the Louisville Manufactured Housing Show, more people had come through the gate than for the entire show last year. The finance panel discussion, moderated by Dick Ernst and featuring most of the major lenders in …
Louisville (Slugger) Manufactured Housing Show Hits Homer Read More
Another mix of plus and minus corporate returns kept investors in a cautious mood, as CNNMoney reports the Dow Jones Industrial Average fell -41.1 points during the day, -0.25 percent to close at 16,373.34. The Nasdaq gained +217.24 points, +0.41 percent, to end at 4,243, while the S&P ended the …
Writing in treehugger.com, Lloyd Alter says modular housing is now 11 percent of the Canadian housing market, three times what it was when he was selling homes in Wingham, Ontario for Royal Homes’ Pieter Venema, who built the Kohn Shnier designed Muskoka cottage for two families. Noting factory-built homes are …
The Federal Home Loan Bank of New York, through the M&T Bank, awarded $35.5 million in Affordable Home Program (AHP) subsidies in 2013 that will help finance 48 affordable housing initiatives, creating or preserving 3,072 units of affordable housing, as PRWeb.com informs MHProNews. This includes 2,200 very low income dwellings …
Affordable Housing Bolstered by Federal Program, Private Bank Read More
Investors, nervous about the future of the economy, split the three major indexes plus and minus. CNNMoney reports the Dow Jones Industrial Average fell 44.12 points during the day, -0.27 percent to close at 16,414.44. The Nasdaq gained 28.18 points, +0.67 percent, to end at 4,225.76, while the S&P ended …
Skyline Rises 3.26%; Dow Falls, Nasdaq and S&P Nudge up Read More
