The Dow and the Nasdaq climbed to new record highs to end the week, and the S&P finished higher than it has in over ten years. All three indexes finished up for the week, marking one of the best weekly performances of the year. CNNMoney reports the Dow Jones Industrial …
Dow, Nasdaq Set New Highs, Tracked Housing Stocks Close Mixed Read More
Norwich University in Northfield, Ver. is one of 20 collegiate teams chosen by the U. S. Dept. of Energy to build a cost effective, energy efficient, attractive modular home for entry in the 2013 Solar Decathlon and Expo competition that will take place in Irvine, Calif. Oct. 3-13. Designed as …
Solar-Powered Modular Home on Display at Norwich University Read More
Near the tip of Manhattan Island in New York City is rising the Big Apple’s first modular residential structure, a seven-story apartment building of concrete and steel. The Stack, as builder Gluck+ Architects calls it, is being assembled at the rate of four modules a day. All 56 of the …
The Hightstown Borough Council in central New Jersey is considering purchasing a used modular classroom for office space to be sited behind the Public Works building. Another option would be to rent a temporary facility, but James LeTellier, police director and interim borough administrator, said it is better to invest …
Modular Classroom will Transform into Office Space Read More
Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate …
New Company Operates Senior Manufactured Home Communities Read More
Champion Homebuilders of Troy, Mich. has been selected to provide 36 modular homes as part of phase two of Detroit’s Penrose neighborhood rebuild. The initial 36 homes in the effort, orchestrated by developer Star Development Corp. of Ann Arbor, Mich., were also Champion products, as is Penrose Art Center, an …
Investors grew worried in May when Chairman of the Federal Reserve Ben Bernanke mentioned ending the $85 monthly billion bond buying program to boost the economy. He has stepped back a bit, saying not until the economy shows sustained improvement, which helped spur the Dow and S&P to new record …
All Tracked Housing Stocks Gain, or Remain even; Dow and S&P Hit New Highs Read More
The planning commission in Juneau, Alaska has approved a conditional use permit to replace a manufactured home site with a twelve unit multifamily apartment building. Proposed by Delta Park LLC, the two-story structure will sit on a parcel of land zoned for 18 dwelling per acre. Building projects have increased …
A switch by the Federal Emergency Management Agency (FEMA) from Park Model homes to manufactured homes for disaster housing has some FEMA field staff members, among others, shaking their heads. According to the Homeland Security Dept. Office of the Inspector General (OIG), the larger manufactured homes often require siting in …
FEMA Disaster Housing: Manufactured Homes instead of Park Models Read More
Private equity firm Green Courte Partners, LLC, of Lake Forest, Ill. has chosen Ryan Bowie as Managing Director in charge of investor relations, portfolio management and fundraising. Having spent 13 years in public and private real estate companies, including stints with Hyatt Hotels Corp. and Strategic Hotels and Resorts, Bowie …
The Eutaw (Ala.) City Council in west-central Alabama near the Miss. border has reaffirmed a 2006 ordinance requiring manufactured home owners who want to replace their existing home with a new one to obtain formal approval from the zoning board in advance. Located in west-central Alabama near the Miss. border, MHProNews …
The Liberty City Council in Liberty, Tex., just northeast of Houston, revised its ordinance regarding the replacement of a manufactured home destroyed in a natural disaster so it aligns with state law. A home ruined by a fire or natural catastrophe does not count under the one-time replacement rule as …
City Revises Manufactured Housing Rule to be in Sync with State Law Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reports the Manufactured Housing Political Action (MHPAC) fund has raised $16,655 this year. He says the fund began the year at zero because all the funds had been spent on the elections in 2012 to good effect: Manufactured housing …
Iowa PAC Produces Results for the Manufactured Housing Industry Read More
Minutes released from the Federal Reserve’s last meeting in June reveal about half of the Fed’s officials want the bond-buying program to end this year, seemingly at odds with Reserve’s Chairman Ben Bernanake who had earlier projected it would end mid 2014. In any case, stocks moved slightly higher after …
Housing Stocks Closed Mixed; Dow Moves Up Despite Fed Minutes Read More
Dick Jennison, President and CEO of the Manufactured Housing Institute (MHI), will be keynote speaker at the annual RV/MH Hall of Fame Induction Dinner for the Class of 2013 Aug. 5 in Elkhart, Ind. With a background in advocacy and management, Jennison was chosen to lead MHI in Feb. 2012, …
Manufactured Housing Institute Head to Keynote RV/MH Induction Read More
The U.S. Senate is considering rewriting the tax code which could eliminate housing tax incentives and thereby negatively affect all home residential construction businesses as well as home values, taxes, and the economy in general. The mortgage interest deduction and the Low Income Housing Tax Credit could both be at …
National Association of Home Builders Sounds the Alarm Read More
The Texas Manufactured Housing Association (TMHA) sends a reminder that nominations for the TMHA Board of Directors are due by 5 PM today, July 10, 2013. The two-year term requires four board meetings a year. Postmark, fax, or email your nomination form to caitlin@texasmha.com. Or call (512) 459 1221. Texas …
Bringing modular homes into West, Tex. to people displaced by the April 17, 2013 explosion will cost $10,000 each, which does not include hooking up to utilities. The forty units, as MHProNews reported June 11, 2013, would house two families apiece, but will be available only to residents who are …
The Midland City Council in Midland, Tex. approved a one-year temporary use permit for a 70-unit manufactured home community to house Midland Independent School District’s (ISD) teachers and other employees. Updating a story MHProNews posted June 25, 2013, the council chose to develop ISD owned property instead of leasing sites …
School Building Manufactured Home Community for Staff Read More
Debate continues in Williamstown, Mass. about the feasibility of retaining a 224 homesite manufactured housing community that sits in a 100-year flood plain for affordable housing. The Board of Selectmen of Williamstown, Mass. has voted to ask the Conservation Commission to remove the site from conservation restrictions, and then inquire …
Manufactured Housing Community to Close, may be Rebuilt Read More
