As the government shutdown passes through its second day, investors fear the impending debt ceiling crisis may have wide-ranging effects on the economy and financial markets, leading the three major indexes to fall. CNNMoney reports the Dow dropped -58.56 points, -0.39 percent, to close at 15,133.14. Meanwhile, the Nasdaq nudged […]
Government Shutdown Stifles Stocks Read More
An 80-acre commercial and residential development a half-mile from Killdeer, North Dakota will include two apartment buildings and a modular hotel, all in response to nearby oil drilling in the Bakken field. The $3.9 million hotel will sport 60 rooms aimed at electricians and plumbers who are engaged in short-term
Modular Hotel Planned in Western North Dakota Read More
Britco, one of the largest modular construction businesses in the industry, has announced plans to build a workforce housing project in northern Alberta, Canada for Devon Energy Corp. British Columbia Premier Christy Clark met with Britco officials to launch the $100 million modular project with over 1,500 rooms to be
Modular Workforce Camp Rising in Canada Read More
Updating a story MHProNews last posted June 24, 2013 regarding claims of manufactured home sales fraud against JoLeigh Ares’ Park Girl Sales in La Feria, Texas, the Texas Department of Housing and Community Affairs’ Manufactured Housing Division (MHD) received a total of 228 complaints. Ten of these were referred to
Case Continues against Texas’ Park Girl Read More
CoreLogic reports house prices rose +0.9 percent in August, which was half of the July pace. Attributing the slowdown to seasonality and the recent rise in mortgage rates, CEO Anand Nallathambi says, “We anticipate moderate gains in home prices over the balance of this year, supported by the recent downward
Home Prices Rise expected to Slow Read More
MHProNews has learned provider of commercial real estate and capital market services HFF (Holliday Fenoglio Fowler) has arranged $52 million in financing for Audubon Estates in Alexandria, Virginia. Working on behalf of Hometown America, HFF secured a ten-year, fixed-rate loan through a life insurance company. The 701-home site, all-ages manufactured
Manufactured Housing Community Receives HFF Financing Read More
Updating a story we posted Sept. 26, 2013 regarding temporary manufactured housing for victims of the flooding in Calgary, Alberta, Canada in June, 2013, people with special needs or disabilities will begin moving in to the homes first. The work camp-like site is being established in the Great Plains Industrial
Manufactured Homes Provide Refuge for Displaced Flood Victims Read More
Manufactured housing community owner Sun Communities, Inc (NYSE:SUI) announces it will release its third quarter 2013 earnings results Thurs., Oct. 24, 2013 prior to the opening of the market. A conference call will follow that same morning at 11 AM eastern standard time, according to marketwatch.com. Call toll-free 888 549
Sun Announces date of Third Quarter Earnings Release Read More
The National Center for Healthy Housing (NCHH) reports the physical conditions of housing in the U. S., in its study of 46 metropolitan areas, has declined since the last report in 2009. The study reveals 35 million, about 40 percent of metropolitan homes, have one or more health and safety
Housing Conditions Decline during Recession Read More
Investors were betting the government shutdown would not last long, and, spurred by good news from Apple, the Nasdaq increased over one percent to rise above 3,800 for the first time since 2000. CNNMoney reports the Dow gained +62.03 points, +0.41 percent, to close at 15,191.70. Meanwhile, the Nasdaq moved
All but Two Housing Stocks Advance; Three Major Indexes Gain Read More
Following a story from yesterday, Sept. 30, regarding the need for a $1.7 billion bailout of the Federal Housing Administration (FHA) by Treasury, FHA Commissioner Carol Galante says the request for funds comes from an estimate of forecasted losses from Dec. 2012 that cannot be altered due to mandated accounting
Federal Housing Administration Bailout Mandated by Law Read More
We last posted a story June 29, 2013 regarding the closing of manufactured housing (MH) slum Duroville and the opening of modular development Mountain View Estates, where many of the Duroville residents moved. Sept. 30, two nonprofit representatives, a handful of county employees, and three Riverside County (California) supervisors went
County Supervisors visit Modular Home Development Read More
A pediatrician at Children’s Hospital in Pittsburgh, Pennsylvania with a passion for design and sustainable housing has begun the process of bringing in the first solar-powered modular homes to the city. Dr. Orooj Fasiuddin’s urbanHAUS will site the first home on a lot in the Morningside neighborhood. A two bedroom
Doctor is Building Modular Homes for Pittsburgh Read More
The Ohio Manufactured Homes Association tells MHProNews manufactured homes are the fastest-growing type of housing in the U. S. because of affordability and value. The average cost of a site-built home is $164,217, not including the land, a price most people of low-to-moderate incomes can ill afford. Although senior adults
Manufactured Housing Likely to become more Prevalent Read More
The Federal Housing Administration’s (FHA) admission that it will need a $1.7 billion bailout for fiscal year 2013 puts more pressure on Congress to pass an FHA reform bill. Both the House and the Senate banking committees have passed reform bills but they are very different. A collaboration of bipartisan
Despite Bailout Need, FHA Reform not likely soon Read More
The looming government shutdown sent investors heading for the doors today as all three indexes fell, the Dow dropping over 100 points. CNNMoney reports the Dow dropped -128.57 points, -0.84 percent, to close at 15,129.67. Meanwhile, the Nasdaq slid -0.27 percent, -10.11 points to end today’s trading at 3,771.48, while
Possible Government Shutdown Stymies Stock Market Read More
The National Association of Home Builders (NAHB) is replacing its Improving Markets Index (IMI) with the Leading Markets Index, shifting the focus from improving markets to those that are exceeding their normal levels of housing market progress. The new index will measure the same three components—single-family building permits, home prices
New Index to Measure Housing Market Progress Read More
In a program the energy company has conducted in other Washington state counties, Puget Sound Energy (PSE) is offering free energy upgrades to residents of manufactured homes (MH) who have electric forced-air for their primary heat source around Kittitas County in the central part of the state. With up to
Manufactured Homeowners Receive Free Energy Upgrades Read More
A legal dispute between two Elkhart, Indiana-based recreational vehicle (RV) suppliers is ramping up after U. S. District Judge Jon DeGuilio ruled AL-KO’s non-compete agreement is too broad. In moving from AL-KO to Lippert Components, inc., Larry Revelino had already agreed with both companies not to give away his former
Lippert and AL-KO Wrangling over Patent and Personnel Read More
The May 15, 2013 tornado that tore through a Hood County, Texas neighborhood left six people dead, and damaged or destroyed nearly 270 homes. MHProNews has learned many of the dwellings were older factory-built units, and 60 were Habitat for Humanity homes in Rancho Brazos. While rebuilding efforts are continuing,
Military Modulars Repurposed in Tornado Torn Texas Read More
