A modular house for sale in Townsville, Queensland, Australia offers spectacular views of Cleveland Bay from every room as it rests on 18 large steel pins drilled 20 feet into the rock foundation below. “It’s a very strong design because all of the columns work in unison, like spokes on …
In discussing the feasibility of a possible bid for the 2024 Summer Olympics, a Boston committee focusing on infrastructure and transportation has suggested modular construction for housing the 16,000 athletes as well as for the 80,000 seat Olympic Stadium, an aquatics center and a velodrome for indoor cycling. As masslive.com …
A monthly housing survey indicates half of the respondents are optimistic about obtaining credit for a mortgage, an increase over the 45 percent who felt that way one year ago, despite the recent rise in mortgage rates. This survey from December marks the highest sentiment of respondents since Fannie Mae …
UMH Properties, Inc., a real estate investment trust (REIT) operator of manufactured housing communities, has filed an 8-K disclosure form with the Securities and Exchange Commission (SEC) to report the change of an officer. Allison Nagelberg has served as the General Counsel of UMH and its affiliate, Monmouth Real Estate …
An analysis by Fannie Mae of its 2013 National Mortgage Survey reveals lower income borrowers are more apt to rely on advice from others, such as real estate agents and/or friends and family to determine what mortgage to choose and how much to borrow. They want loan terms and costs …
Online Shopping will Play Larger Role in Choosing Mortgages Read More
According to CoreLogic, home prices in the U. S. rose 11.8 percent in November, 2013 compared to Nov. 2012, marking the 21st consecutive month of yearly increases. “Our pending HPI (Home Price Index) projects that home prices will grow by 11.5 percent for the full year 2013,” Dr. Mark Fleming, …
Although minutes from the Federal Reserve’s last meeting of 2013 are due out Wednesday, and the government’s December jobs report will hit the streets Friday, investors were encouraged enough by news of a narrowing U. S. international trade gap in November to push the Dow above 100 points in today’s …
Councilman Raymond “Shoe-Do” Lewis of the New Iberia, Louisiana City Council asked for support of the council in June, 2013 to amend an ordinance permitting manufactured homes (MH) to be sited in R-3 areas in the city, but did not receive a second to his motion. As iberianet.com tells MHProNews, …
Allowing Manufactured Homes in Town would Increase Needed Revenue Read More
Manufactured housing community (MHC) owner Inspire Communities of Gold River, California has acquired Quail Ridge Estates of Lake Charles, Louisiana. An all-age community, Quail Ridge was 89 percent occupied at the time of acquisition in Q4, 2013, and has 373 home sites set on 82 acres and features several recreational …
Inspire Acquires Manufactured Housing Community in Louisiana Read More
As pressrepublican.com tells MHProNews, the proposal for a 250-lot residential development on 95 acres in Plattsburgh, New York includes manufactured and modular homes in addition to stick-built dwellings. Chris LaBarge of Peryea-LaBarge Real Estate will submit a request to the Town Council under Planned Development District rules that restricts the …
Housing Development set to Include Manufactured and Modular Homes Read More
According to Harvard University’s Joint Center for Housing Studies, over 11 million renters with minimum wage incomes of $19,000 competed for 6.9 million affordable apartments in 2011. Renters with annual incomes of $15,000 must find a unit for $375 a month for it to be affordable. The center considers housing …
Single-family residential construction rose nearly two percent in November to a seasonally-adjusted rate of $175 billion, $3 billion more than in October, according to information derived by nationalmortgagenews.com from Census Bureau data. Compared to a year ago, spending on land development and home building rose rose almost 17 percent from …
Residential Construction Posts Highest Level in 5 1/2 Years Read More
The first full week of the New Year began with modest losses on the part of all three major indexes as investors started with cautious selling. CNNMoney reports the Dow edged down -44.89 points, -0.27 percent, to close at 16,425.10. The Nasdaq lost -0.44 percent, -18.23 points, to finish at …
Skyline the only Tracked Housing Stock that Gains; Three Major Indexes Slip Read More
Two town board members of Sylva, North Carolina are reconsidering a 15 year-old ban on siting single-section manufactured homes outside of manufactured housing communities (MHCs), saying it may be unfairly punishing people of modest means. Board member Mary Gelbaugh says, “We are trying to make housing available, and I’m worried …
Town Reconsidering Ban on Manufactured Homes outside Communities Read More
Shirley Checca, of Stafford, Virginia, wife of Laurence Checca, Virginia Manufactured and Modular Housing Association (VAMMHA) past president and Hall of Fame member, passed away Jan. 2, 2014. Former teacher, United Airlines flight attendant and beauty consultant, she passed away peacefully at her home. MHProNews extends its deepest condolences to …
The same three-dimensional technology that will eventually enable surgeons to rehearse open-heart surgery on a particular patient before opening up the chest cavity is being applied to aerospace and automotive design as well as to architecture, life sciences, construction, consumer packaged goods and even to the fashion design industry. The …
Delaware lawmakers are considering increasing the amount owners of manufactured homes (MH) will receive if they are forced to relocate. Tapping into a fund established from a monthly assessment on sites in manufactured housing communities (MHCs), the Delaware Manufactured Home Relocation Authority (DMHRA) proposes to double the maximum relocation expense …
Payment for Moving Manufactured Homes May Increase Read More
Following the devastating 7.2 earthquake that struck the Philippines south of Sagbayan in mid-October, 2013, Solid Group Technologies Corp. (My|House) has offered four modular classrooms as a replacement for Katipunan Elementary School, which was destroyed, and its neighboring daycare center. The quake killed 67 and laid waste to multiple houses, …
Modular Classrooms Replace Earthquake Struck School Read More
Stocks are off to a slow start this year with muted trading due in part to the heavy snow that has tied up the east coast, keeping some traders off the floor in the holiday-shortened week. CNNMoney reports the Dow moved up +28.64 points, +0.17 percent, to close at 16,469.99. …
Equity LifeStyle Properties Leads Gains of most Tracked Housing Stocks Read More
The St. Gabriel City Council in Louisiana has imposed a 180-day moratorium on the siting of manufactured homes within the city limits so officials can develop rules and regulations regarding their placement. This comes in response to a recent spike in permit requests, according to what postsouth.com informs MHProNews, and …
