MHProNews has learned Vela Building Systems (VBS) of South Africa is spreading its modular housing operations and community infrastructure building into other countries in Southern Africa, like Mozambique, where the growth rate is seven percent annually, and Namibia. Anticipated to be the second fastest growing region in the world over …
BusinessWire informs MHProNews JPMorgan Chase Bank, N.A. is purchasing MetLife Bank, N.A.’s approximately $70 billion mortgage servicing portfolio as MetLife continues to divest itself of its bank holding company structure, a move it began in 2011 when it decided to no longer sell residential mortgages. MetLife Bank President Jim Rose …
U.S. stocks nudged slightly higher the day before the toss-up presidential election, as CNNMoney reports the Dow Jones Industrial Average moved up +0.15 percent, gaining 19.28 points, to close at 13,112.44. The Nasdaq advanced +0.59 percent, +17.53 points to close at 2,999.66, while the S&P moved up +0.22 percent, +3.06 …
The CalgaryHerald tells MHProNews the provincial government of Alberta, Canada has taken the first step towards making warranty coverage for new homes in the province mandatory, a move that could add up to $2,000 to the price. The New Home Buyer Protection Act would cover manufactured and modular homes, single-family …
In their “Thumbs Up Thumbs Down” column the poconorecord reports from Monroe County, Pennsylvania Liberty Homes received a thumbs up for its assistance in building 18 homes locally for the Monroe County Habitat for Humanity chapter. Located in nearby Pocono Lake, Penna., just south of Scranton, Liberty received the honor …
Sherman Price and his brother, the late Leon Price, Sr., were honored for outstanding service and dedication to the state’s factory built housing industry, and inducted into the Arkansas Manufactured Housing Association (AMHA)’s “Hall of Fame.”Sherman Price was surprised by the recognition, the association’s highest honor, given at the AMHA …
As the result of damage inflicted by Hurricane Sandy, President Obama issued a disaster declaration for specific counties in Connecticut, New Jersey and New York, as well as the Mashantucket Pequot Indian Reservation in Connecticut. The Department of Housing and Urban Development (HUD) is offering disaster victims whose homes were …
In the wake of Hurricane Sandy, the Manufactured Housing Institute (MHI) reminds community owners and managers of the importance of having a preparedness plan in place for residents in case of an impending hurricane or sudden tornado. If a community has multiple exits, who should use which exit, and what …
After 13 months of consecutive growth, the manufactured housing industry produced fewer homes in Sept. 2012 than the previous Sept., according to the Manufactured Housing Association for Regulatory Reform (MHARR). Data compiled for the Dept. of Housing and Urban Development (HUD) indicates HUD Code homes produced this past Sept. numbered …
Investors pushed the Dow Jones higher at the beginning of the day after the good jobs report from the federal government, but dropped as the anticipation and uncertainty of next week’s election came into view. CNNMoney reports the Dow Jones Industrial Average lost -.01 percent of the gain from yesterday, …
Cavco, Patrick, Skyline, Deer Valley lose 4% or more Read More
Based in Santa Monica, Calif., Living Homes has introduced three low-cost modular homes ranging in size from 1,300 to 2,200 square feet, priced from $200,000 to $320,000. JetsonGreen informs MHProNews Cavco Industries, Inc. is building the homes with strict environmental concerns that follow a LEED Platinum level program—-cork floor, energy-efficient …
TheWesterlySun reports the town of Richmond, Connecticut is providing extra services to the seniors of Hillsdale Mobile Home Park who are without electricity as the result of Hurricane Sandy. The town’s emergency management director has been delivering meals to the residents, and Verizon has re-established phone service. As MHProNews has …
MHProNews has learned from Investors D.R. Horton, Inc. (NYSE:DHI), has received lending commitments from five additional banks that will provide an unsecured line of revolving credit of $600 million, which could be extended to one billion given certain conditions and the availability of additional funds. Horton is the nation’s largest …
In its report of fiscal 2013 second quarter financial results, Phoenix-based Cavco Industries , Inc. (Nasdaq: CVCO), reports net sales fell 15.3 percent, to $110,084,000 from the comparable period of 2012 when sales hit $130,008,000. GlobeNewsWire says net income for Q2 2013 dropped to $2,681,000 from $3,172,000 for the same …
Manufactured housing has become an important issue in a second house of representatives district in Delaware. The first pits challenger Beth McGinn against incumbent Briggs King for Seat 37 is south Delaware, as we last reported Oct. 17,2012. DelawareNewsZap tells MHProNews Democrat Theodore Yacucci is running to represent District 34 …
President Obama signed disaster declarations for 13 states and the District of Columbia in the wake of Hurricane Sandy, according to nationalmortagenews. Fannie Mae and Freddie Mac are offering forbearance on loans to borrowers affected by Hurricane Sandy, and Freddie says its servicers can suspend eviction and foreclosure proceedings for …
Payroll processor ADP says 158,000 jobs were created last month as initial jobless claims fell by 9,000, spurring the market to rally for the first day of Nov. as all three indexes rose above one percent, according to CNNMoney. The Dow Jones Industrial Average moved up +1.04 percent, +136.16 points, …
RVBusiness reports with 21 manufactured home communities and 35 recreational vehicle resorts along Hurricane Sandy’s path, Equity LifeStyle Properties Inc. (ELS) experienced minimal damage, and no one among staff or residents was known to have been injured. Preliminary reports indicate property damage amounting to under $500,000 was sustained, mostly for …
MetroWestDailyNews informs MHProNews the Sudbury (Mass.) Housing Authority will celebrate the culmination of a project that began 21 years ago, as the last of five modular duplexes will be dedicated Tue., Nov. 1. Designed by KBS Building Systems of Maine, the units will provide affordable housing to ten families who …
Parents in the Santa Ynez Valley north of Santa Barbara, California are objecting to a ballot initiative to raise taxes to fund a school board bond that would demolish 19 modular classrooms purchased between 1996 and 2008. The parents have asked for a town hall meeting to discuss the issue, …
