As hope spread among investors that only one hurdle remained to Greece’s restructuring of debt, U.S. stocks picked up a little steam as CNNMoney tells MHProNews.com. The Dow Jones Industrial Average gained +.55 percent, 70.61 points, to end the day at 12,907.94.The Nasdaq moved up +1.18 percent to close at …
Patrick Vaults, Louisiana Pacific Rises, Dow Nudges Up Read More
The Manufactured Housing Institute’s (MHI) Monthly Economic Report, states shipments of single-section and multisection homes jumped 42.1 percent Jan. 2012 over Jan. 2011, to 3,945 new homes. Single section homes accounted for 53.9 percent of the increase. The seasonally adjusted annual rate of shipments (SAAR) increased 6.0 percent, to 61,082 …
To follow-up on a story we published Nov. 07, 2011, The T&D tells MHProNews.com a man from Neeses, South Carolina, was sentenced to eight years in prison after pleading guilty to six counts of breach of trust for taking money for manufactured homes never delivered. If rom Colter was arrested …
Just north of eastern Montana and north of Regina, Saskatchewan, Canada, a modular town of 2,500 residents will emerge to provide workforce housing to build BHP Billiton’s Jansen potash mine, near the Gordon First Nation. MHProNews.com has learned from GlobalRegina that Craig Alloway of Calgary-based Atco, says it will be …
A site plan has been approved by the Waverly Village planning board in northeastern Pennsylvania for six two-family modular apartments, TheDailyReview tells MHProNews.com. When board members raised concerns about fireproofing, developer Tim Steed said the apartments exceed state fireproofing codes and HUD standards. The village mobile home statute, which village …
Comedian Tom Rhodes describes his lodging at the Shady Dell vintage mobile home hotel in Bisbee, Arizona where guests stay in one of 12 Airstreams or other mobile homes from another era. As much museum as hotel, each unit has a particular theme: There is one camper that stocks vintage …
According to research done by Moody’s Analytics and Equifax, the total balance of outstanding home loans dropped $1 trillion, 10.4 percent, in the last four years, an indication of consumers getting rid of debt. Although mortgage rates are at historic lows, credit remains tight, which MHProNews.com has learned could be …
CNNMoney tells MHProNews.com the Dow Jones Industrial Average nosedived as investors responded to weak economic data from Europe and backed off. Despite the Dow losing 203.66 points, 1.52 percent, and closing at 12,759.15, the Dow is actually up 4.4 percent for the year. The Nasdaq also dropped, falling 40.16 points …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews.com according to the Department of Housing and Urban Development (HUD) statistics, the MH industry posted its sixth straight month of production increase. Numbers for Jan. 2012 show HUD Code manufacturers produced 3,983 homes, a 42.5 percent gain over the …
The Senate Banking Committee was told by the National Association of Federal Credit Unions (NAFCU) of their opposition to mortgage reform that would eliminate the federal guarantee on mortgages through Fannie Mae and Freddie Mac and other GSEs (government-sponsored enterprises). The plan originally endorsed by the Obama administration would promote …
BusinessWire tells MHProNews.com RW’s middle east division, RW Middle East in the United Arab Emirates (UAE), has constructed the first modular concrete villa in Samawah City in Iraq. RW shipped the formwork from Pennsylvania to southern Iraq where supervisors trained Iraqi workers to construct the dwelling using local materials and …
U.S. Firm Builds Concrete Modular Homes in Middle East Read More
The Pallet-House has designed transitional, modular dwellings utilizing the pallets on which emergency food, clothing, and other supplies are delivered to disaster scenes for as little as $500. TreeHugger says the pallets can also be re-made into compact, affordable housing for up to $3000 using a few power tools. The …
Western U.S. supplier of axles, tires and set-up equipment to the manufactured housing industry, T.J.T., Inc., of Eagle, Idaho announced the opening of its new axle recycling plant in Emmett ID. The company’s president and CEO, Shawn King, sates, “We designed and built a modern, safe, and much more productive …
WillistonHerald in North Dakota reports that Rugby Homes, in business since 1963 and selling RVs in Williston for six years, has hired a full time salesman to sell modular and manufactured housing for the North Dakota-based company. The oil boom in the area, as we have reported previously, has created …
According to InsideIndianaBusiness, MH component manufacturer Patrick Industries, Inc. of Elkhart, Indiana has acquired Décor Mfg LLC for $4.4 million. Todd Cleveland, president and CEO of Patrick, says of the Tualatin, Oregon company: “The Oregon market is significant in terms of RV market potential as it relates to overall Northwestern …
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down on reports that China lowered its anticipated market growth. Last year it grew 9.5 percent, but is not expected to exceed 7.5 percent this year. The Dow lost -0.11 percent to end the day at 12,962.81. The Nasdaq moved down …
Cavco Ind. and MH Composite Gain while Dow Stutters Read More
DSNews tells MHProNews.com the loosening of credit this year will lead to the end of the housing crisis, according to analytics firm Capital Economics. Noting the consistency of credit scores and credit requirements over the past year, banks now lend up to 3.5 times borrower earnings, up from 3.2 times …
Global Industry Analysts, Inc. estimates the global prefabricated housing market will hit 829,000 units by 2017. DigitalJournal tells MHProNews.com the U.S. and UK have the majority share of the market, but Australia and New Zealand are the pioneers in the Asian market, although Japan, China, Taiwan and Korea have burgeoning …
A credit union in Michigan is reaching out with their Turning Point Home Loan to people with lower credit scores but with enough financial stability worth the risk. Michigan First CU’s vice president of lending, Chris Maynard says, “Take members who lost their job at the height of the financial …
For the past several years MHC residents have sought legislation in the Utah legislature to help deal with community owners who they allege threaten to evict them if they try to organize a homeowners association, sltrib tells MHProNews.com. The Republican dominated House Business and Labor Committee voted along party lines, …
