ClosetsDaily tells MHProNews.com Salem, Oregon modular home builder Ideabox offers factory-built homes designed to incorporate IKEA interiors. Working with an IKEA dealer in Portland, OR, co-owner Cindy Russell says, “We design the layout and our clients can select the colors. Homes are complete when they leave the factory, ready to …
Positive news about jobless claims and retail spending initially sent the market up, but an index of manufacturing activity tempered the news, although the Dow Jones Industrial Average still managed to climb 28.23 points, +0.22 percent, to end the day at 12,980.30, according to CNNMoney. The Nasdaq moved up +0.74 …
Dow Edges Up, MH Composite Moves Down, Tracked Housing Mixed Read More
MHProNews.com has learned a National Modular Housing Council report indicates shipments for modular homes were up 7.9 percent fourth quarter 2011 over the same period 2010, to 3,030 units. During that year, eleven states showed increases, eleven had decreases, and seven states had insignificant change. Nebraska, Maryland, Texas, and Virginia …
The Great Southwest Home Show opens today at the QuikTrip Center in Tulsa with dozens of the newest manufactured homes on display from the nation’s top builders, vendors offering support product and services, and seminars and workshops dealing with financing, attracting new clients, appraisals, MHC management, and expanding your inventory …
IndyStar reports that Shrum’s Manufactured Housing Center on U.S.40 west of Indianapolis was bought by real estate investment firm Platinum Financial Trust at auction Wednesday. The 12.4 acre site on a major commercial corridor near the Indianapolis International Airport went for $230,000 at the bank-ordered sale. MHProNews.com has learned the …
After 43 years, Santiam Homes in Aumsville, Oregon, is transitioning out of business and it’s location will be taken over by J & M Homes, which offers new and repossessed manufactured homes, as well as real estate, financing and construction in-house. The Statesman-Journal tells MHProNews.com Santiam’s owners, Ken and Janet …
One of the largest manufacturers of commercial modular buildings in North America, WesternOne Equity Income Fund’s Britco division acquired a new facility in Edmonton, Alberta, Canada and one in Waco, Texas in recent months. Headquartered in Langley, British Columbia, the company is currently involved in producing 280,000 square feet of …
HousingWire tells MHProNews.com the Federal Housing Administration (FHA) will raise the mortgage insurance from one percent to 1.75 percent to make up for the drop in the Mutual Mortgage Insurance (MMI) Fund below the Congressionally mandated two percent, to 0.2 percent. The FHA said the increase will add $1 billion …
Despite an unexpected sizable drop in durable goods orders, CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years to close at 13,005.12, gaining 23.61 points, +0.18 percent. The Nasdaq moved up +0.69 percent, +20.60 points, to end the day …
Dow Crosses 13 Grand and Sticks; Housing Stocks Mostly Down, but Mixed Read More
The Great Southwest Home Show, billed as the World’s Largest Indoor Manufactured Home Show, is packing a wallop of seminars, forums, and workshops in addition to all the vendors and homes from the nation’s foremost manufacturers. March 1 and 2 will be Industry Days with workshops ranging from new financing …
Although orders for durable goods fell last month by four percent, the sharpest drop in three years, improved perception of the job market contributed to consumer confidence rising to its highest level in a year, according to what the LATimes is telling MHProNews.com. Economists expected the durable goods orders to …
Rise in Consumer Confidence, but Economy Continues to Falter Read More
From north of the border Sys-Con says Innovative Composites International, Inc. (ICI) has inked a deal to provide RedLeaf Homes, Ltd. with modular housing to distribute to mining camps, First Nations, and in other rural areas. RedLeaf will maintain exclusivity providing they generate $5 million worth of revenue annually. ICI’s …
Under a deadline set by the Federal Emergency Management Agency to change the city’s flood ordinance or lose the right for residents to obtain federal flood insurance, the city council of Denham Springs, Louisiana, approved changes to its flood ordinances. New construction and substantial improvements to a property within the …
New Ordinance: Manufactured Homes to be Sited above Flood Level Read More
Data from Multiple Listing Services Network PIN shows inventory of single-family homes and condominiums in the Boston area are down 17 percent from last year, number of days on the market declined 12 percent from last year, and median prices are up ten percent. BostonHerald tells MHProNews.com no major downtown …
Jason Boehlert, vice president of government relations for the Manufactured Housing Institute (MHI), shown here explaining the landscape of legislative affairs inside the Washington, D.C. beltway at the MHI legislative session government affairs briefing Feb. 25. His presentation included pending legislation that would provide regulatory relief for the manufactured housing …
Boehlert Addresses MHI’s Winter Legislative Session Read More
The ChillicotheNews in Chillicothe, Missouri tells MHProNews.com a public hearing will be held by the city council to consider a zoning ordinance amendment so differentiation can be made between manufactured, mobile, and modular housing, and where they may be sited. City Engineer Ron Urton says the current ordinance is outdated …
The index of pending home sales according to the National Association of Realtors (NAR) rose to its highest level since April 2010 when home buyers could still take advantage of the tax credit, propelling the Dow Jones Industrial Average to flirt once again with the 13,000 mark. CNNMoney tells MHProNews.com …
Housing News Propels Dow; Housing Composite Moves Up Read More
The inventory of new homes on the market hit a new low in January, sinking to 151,000 units, equivalent to a 5.6 month supply, while sales of newly-built single-family homes in January declined by .09 percent from Dec. 2011. According to data from the U.S. Commerce Dept. and HUD, the …
Westminster Patch in Westminster, Maryland, tells MHProNews.com modular housing units have reached the battlefront in Afghanistan. Thomas Beyard, Westminster’s Department of Planning, Development and Zoning Director, is serving a 400 day assignment with the Maryland National Guard in Afghanistan. He reports the modular barracks at the Kandahar Air Base are …
In his annual letter to shareholders of Berkshire Hathaway, Warren Buffett, while noting the per share book value of their Class A and Class B stock gained 4.6 percent in 2011, says he jumped the gun on the housing recovery. As Business Insider tells MHProNews.com, “We have five businesses whose …
