The saugertiesx informs MHProNews from east central New York state the town of Saugerties has revised its comprehensive housing plan to exclude affordable housing, including manufactured housing. A public hearing in Nov. 2012 made it clear the town folk prefer single-family housing to rentals and subsidized housing. Initially, wording for …
MHProNews has learned from the Texas Manufactured Housing Association (TMHA) of the four measures in the hopper of the Texas Legislature that could affect the factory-built housing industry. HB 578 would establish state regulatory authority over modular housing, a bill TMHA supports because of the losses modular producers have suffered …
MountainExpress informs MHProNews the U. S Environmental Protection Agency (EPA) is urging communities to apply for EPA’s Smart Growth Implementation Assistance (SGIA) program that will explore innovative strategies in four categories to develop healthier and more sustainable places to live, work and play. The goal is to develop solutions to …
News that a third consecutive quarter of declining growth in the Eurozone at the end of 2012 trumped the U.S. news that first-time unemployment filings fell, along with the two big mergers, leaving the three major indexes to move little. CNNMoney reports the Dow Jones Industrial Average slipped -0.07 percent, …
Negative Growth report from the Eurozone Bums U.S. Stocks Read More
RedLakeNationNews informs MHProNews the first modular housing development in Portland, Ore. opened move-in ready to fanfare Wed., Feb. 13. Commissioner Nick Fish greeted those gathered at the opening ceremony of Kah San Chako Haws (East House in Chinook), a LEED Gold-certified energy-efficient modular apartment complex. Since Native Americans living in …
As PRWeb informs MHProNews, according to market research firm Global Industry Analysts, Inc. (GIA), shipments of prefabricated homes are expected to reach 112,000 units by 2018 in the U.S. as the resurgence in housing and construction activity increases. The study covers manufactured, modular, panelized, and precut housing, but the manufactured …
MHProNews has learned from BusinessWire, Universal Forest Products, Inc. (UFPI), component supplier to the manufactured housing industry, posted net sales for 2012 of $2.1 billion, 12.8 percent better than 2011. Net income for 2012 of $23.9 million more than quintupled the $4.5 million net in 2011. While net sales for …
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society …
Sam Zell on the Housing Market: It’s Going to be a While Read More
MHProNews has learned from RVBusiness that Sun Communities, Inc. has purchased ten recreational vehicle communities in seven states from Wis. to Maine for $111.47 million. Of the 3,700 sites, approximately 40 percent have RVs under annual rental contracts. Southfield, Mich.-based Sun—a real estate investment trust (REIT)–also acquired cottages and homes …
While investors focused on better-than-expected corporate returns, retail sales for January came in lower than expected, and some analysts do not think the market can go much higher without a break. CNNMoney reports the Dow Jones Industrial Average nudged down -0.26 percent, -35.79 points, to end the day at 13,982.91. …
Major Indexes, Housing Stocks we Cover Rather Sluggish Read More
MyWestTexas reports plans for a proposed manufactured housing community for Midland, Tex. have been withdrawn by Brant Greathouse, co-owner of the planned Stone Bridge Estates after learning the Midland City Council was not planning on approving the zoning change request. Council members questioned whether a C-3 commercial district is appropriate …
PRNewsWire reports CoveView Capital Partners, LLC has acquired all the assets of modular builder HandCrafted Homes, LLC of Henderson, NC. Paul Jarvis, the new President of HandCrafted Homes, says, “The infusion of new capital will allow us to fund growth initiatives as the housing markets begin to recover, and is …
The Ledger tells MHProNews residents of MHCs around Fla. are organizing to pressure the Florida Legislature into enacting legislation that would link rent hikes to the Consumer Price Index (CPI) in their communities when a home changes hands. Ed Green says the current system is a deterrent to people interested …
Fla. MHC Residents Organizing to Change Rent Hikes Read More
InForum says Target Logistics’ fleet of modular man camps serving the Bakken oil field in western North Dakota are being sold for $625 million to Algeco Scotsman. The 3,400 units, located in Tioga, Williston, Watford City, and Dunn County, will continue with the Target name but a tag mentioning Algeco …
PRNewswire informs MHProNews Drew Industries, Inc. has announced that President and CEO Fred Zinn will step down from his position effective May 10, 2013, and will be replaced by Jason D. Lippert, Chairman and CEO of Lippert Components and Kinro, Inc., Drew’s two subsidiaries. An executive officer since 1988, Mr. …
While U. S. stocks closed mixed for the day, investors were enough pleased with corporate earnings reports to send the Dow within 200 points of its all time high. CNNMoney reports the Dow Jones Industrial Average nudged up +0.34 percent, +47.46 points, to end the day at 14,018.70. The Nasdaq …
An article in NuwireInvestor refutes the charge in a Wall Street Journal piece from Dec. 11, 2012 that the manufactured housing market is declining while the site-built market is rebounding. Of the 50,000 MHCs in the nation, 45,000 serve as affordable housing for those who pay around $500 a month …
TradeArabia reports Saudi Arabia’s Red Sea Housing Services, which provides modular housing for gas, oil and mining excavation projects, has signed a partnership with U. S.-based Sherwin-Williams to provide paints and coatings to select markets in the Middle East. With headquarters and manufacturing in Jeddah, Saudi Arabia, the Premier Paint …
The seattletimes reports with the 2012 median price of a house up seven percent since 2007, the Seattle Home Show will have its first full size home at the show in six years. Built by Fleetwood Homes, the 1,365 square-foot Rambler will take the place of 800 square-foot model homes …
the unionleader informs MHProNews an amended ordinance before the town board in Windham, NH would permit multi-unit housing, including duplexes, with less than seven units in Residence C district, which is currently zoned for manufactured housing. Another ordinance would limit boarding and rooming houses to the business district, while continuing …
