Continuing the saga of Garden Homes Management Corp.’s seven year attempt to build a 124-unit manufactured housing community in Oxford, Connecticut, as MHProNews last covered Sept. 20, 2013, Nov. 14 saw another four and one half hour hearing to resolve the inland wetlands issue and storm water management without conclusion. …
Seven-Year Battle to Build Manufactured Housing Community Continues Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for Nov., the sixth consecutive month of a rating over 50, although the percentage was unchanged from last month. The HMI gauges builders …
MHProNews has learned from dailyyonder.com, while an estimated 470,000 rural veterans live in manufactured homes (MH), they are less likely to live in MH than the rural population as a whole. However, twice as many rural veterans live in MH than veterans as a whole nationally. While rural areas have …
Even as several retailers, including Target and Dollar Stores, reported less than expected earnings, the Dow Jones Industrial Average finished the day above 16,000 for the first time ever. CNNMoney reports the Dow gained +109.17 points, +0.69 percent, to end the day at 16,009.99. The Nasdaq moved up +1.22 percent, …
Dow Closes at New Record High; Nobility Drops Five Percent Read More
Following up on a story we posted Nov. 14, 2013 regarding the use of Eco Red Shield Lumber’s treated wood products for modular homes as part of the Hurricane Sandy rebuild, Google Finance reports on Nov. 15, 2013 Eco Building Products (ECOB) dropped 1.47 percent to $0.0067. Additionally, smallcapnetwork says …
With concerns that stocks are overvalued, investors stepped back as major indexes continued to knock on the door of record highs. CNNMoney reports the Dow Jones Industrial average dropped -0.06 percent, -8.99 points, to end the day’s trading at 15,967.03. The Nasdaq fell -0.44 percent, -17.52 points, to end the …
Major Indexes Slide; Many Tracked Housing Stocks Follow Read More
Australia-based Ingenia will sell its three student accommodation units in Wellington, New Zealand, valued at $35.6 million and invest the receipts in more manufactured housing communities (MHCs). The company paid $10.7 million Nov. 19, 2013 for two MHCs north of Sydney, Australia in Hunter Valley with options to acquire two …
The Dow and the S&P hit new highs in today’s trading but were not able to remain at that level after Carl Icahn’s comments that companies are boosting profits thanks to low borrowing costs instead of strong management. CNNMoney reports the Dow Jones Industrial average fell to gain +0.09 percent, …
Most Tracked Housing Stocks Fall; Major Indexes Move Little Read More
An architect in Mumbai, India, wanting to protect his father’s ancestral home from the annual rains that washed it out, turned to modular construction built up off the ground. According to deccanchronicle.com, the architect, Dipu George, deciding that conventional building would not serve his purpose, designed a two-story 1,350 square …
In response to the housing crisis in Great Britain, Factory Homes in Hull, England has been working with New Charter Homes and developer Bowsall to site seven modular homes in northeast England’s Mossley, Manchester. The three bungalows and four detached homes were built in 45 days, replacing a former Homes …
Marking the fastest quarterly growth since the current recovery began, the latest FNC Residential Price Index (RPI) rose 2.5 percent from Q2 to Q3 2013. As HousingWire informs MHProNews, FNC attributes the growth to rising home sales and a drop in foreclosure sales. Nationwide, foreclosure sales accounted for 13.4 percent …
All three major indexes advance at week’s end as they approach major milestones. CNNMoney reports the Dow Jones Industrial Average gained +85.48 points, +0.54 percent, to finish the day at 15,961.70. The Nasdaq moved up +0.33 percent, +13.23 points, to end the week at 3,985.97, while the S&P gained 7.56 …
Nobility Homes Spikes, as the Three Major Indexes Approach Records Read More
HIVEHAUS is a modular hexagonal housing unit composed of six-sided self-contained 100 square foot modules that can be arranged in many configurations to suit the homeowner’s needs. Set on adjustable legs to allow for uneven ground, the units arrive as a flatpack and require 2-3 people to assemble. The product …
Oak Creek Homes is collecting nonperishable food at their model home centers in Texas, Oklahoma and Louisiana to distribute to those in need before Thanksgiving. Called Pack Our Pantry, as an enticement to manufactured and modular home buyers, Oak Creek is offering a $500 discount on a new home up …
Due to rising balances on mortgages, student loans and auto loans, total indebtedness increased by $127 billion, 1.1 percent, over the previous quarter, according to the New York Federal Reserve. A slowdown in foreclosures—the lowest level since the end of 2005—helped offset a drop in mortgage originations, as did a …
Consumer Debt Rises; Foreclosures, Delinquencies Fall Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports 64.5 percent of new and existing homes sold in the third quarter were affordable to U. S. families earning the median income of $64,400, a drop from 69.3 percent in Q2 2013. This was the largest drop …
A couple in Ripley, West Virginia have sued CMH Homes, Inc. dba Freedom Homes No. 642 in Jackson County Circuit Court for allegedly selling them and installing a defective manufactured home that they could not use as intended. While wvrecord.com does not specify the nature of the damage, MHProNews has …
According to data collected by Zillow, homes listed for sale nationwide sold a month faster in September, 2013 than in Sept. 2012, falling from 116 days to 86 days. Covering the 30 largest metro markets, where homes sold faster this Sept. compared to last, homes that moved the fastest and …
Federal Reserve Chair nominee Janet Yellen said she will continue to support the economy with stimulus measures, which sent the three major indexes up modestly, but sufficiently to spur the Dow and S&P to new highs. CNNMoney reports the Dow Jones Industrial Average gained +54.59 points, +0.35 percent, to finish …
Manufactured Housing Composite Plummets; Tracked Housing Stocks Mixed Read More
As part of the Hurricane Sandy rebuild effort, New Jersey-based Statewide Custom Modular Homes is having seven modular homes supplied by Nationwide Homes of Virginia, all using Eco Red Shield Lumber. As MHProNews has learned from wsj.com., Eco Building Products, Inc. manufactures treated wood products that are protected against fire, …
