According to the Mortgage Bankers Association (MBA), mortgage applications rose 14 percent on a seasonally adjusted basis for the week ending Sept. 18. MBA Chief Economist Mike Fratantoni noted the rate declined towards the end of the week which “likely drove applications from both prospective homebuyers and borrowers looking to …
MHProNews has learned from Nasdaq that Universal Forest Products, Inc. (NYSE:UFPI) has bright prospects for future growth but is dependent in the near term on housing construction, which is not consistent. The company earns top grades for expanding and improving its product line, and expects to generate sales of $3 …
In the news from CNNMoney: New home sales in August hit highest peak since 2008. Caterpillar to cut 10,000 jobs. Pope Francis: “The environmental challenge we are undergoing, and its human roots, concerns and affects us all.” Mexico is Latin America’s success story. Number of oil rigs in North Dakota …
Following a story MHProNews first posted Aug. 18, 2015 regarding a 3D printed home and car in a collaborative effort of Clayton Homes, the Oak Ridge National Laboratories (ORNL) and 20 other agencies including students from the University of Tennessee, the finished product was on display at ORNL’s Industry Day …
On the heels of the wild fires that have scorched areas of northern California in recent weeks and destroyed 1,230 homes, the Federal Emergency Management Agency (FEMA) took an aerial view of the Valley Fire devastation following President Barack Obama’s declaration of Lake County as a disaster zone. FEMA has …
Following a story MHProNews last posted Sept. 15, 2015 regarding the proposed housing of homeless families in modular homes, the social support agency of the Archdiocese of Dublin, Crosscare, weighed in with its support of the proposal as an interim solution to the shortage of social housing in Dublin, reports …
While some have called it a 100-year flood, there’s no question about the rushing waters in June that destroyed the majority of Lusk, a small town in east central Wyoming near the Nebraska border, as starherald informs MHProNews. An auction of 100 donated items Sept. 18, 2015 raised $123,000 to …
FEMA Provides Manufactured Homes to Flood-damaged Wyoming Town Read More
In the news from CNNMoney: Bill Gross, bond fund manager for Janus Capital, wants a rate hike now. Divest Invest moves assets away from investing in fossil fuel development, now represents $2.6 trillion in assets. Economic growth in cities rose 2.3 percent in 2014, the best year since 2006. Meanwhile, …
Stocks Relatively Quiet, but MHCV Outperforms Dow, Nasdaq and S&P, Gains +0.29% Read More
At a meeting of the 350-member Manufactured Home Park Owners Alliance (MHPOA) of British Columbia, Canada the buzz was about the sale of communities, which has quickly become a hot real estate sector. Last year 22 manufactured home communities (MHCs) sold, with a transaction value of $30.7 million, a 26 …
More Manufactured Home Community Development Sought in BC Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes fell 4.8 percent in August to a seasonally-adjusted annual rate (SAAR) of 5.31 million, below the 5.51 million economists polled by Reuters anticipated. Year-over-year sales were up 6.2 percent, but the monthly drop is a cautionary indicator, …
The $193 billion-in-assets Carlyle Group is collaborating with the owners of Pacific Skies Estates, a 93 site manufactured home community (MHC) overlooking the Pacific Ocean in California to upgrade the utilities, streets and build a 1,000-foot-long boardwalk along the edge of the bluff. The $42 million deal includes buying luxury …
Carlyle Expands Manufactured Home Community Portfolio Read More
In the news from CNNMoney: With a 17 percent stake in Volkswagen, Qatar has lost nearly $5 billion. Aids drug raised from $13.50 a pill to $750 each. Brian Williams will begin covering live, breaking news on MSNBC. VW stock drops 20 percent, as it stands to lose $7.3 billion …
Only one Covered MH-related Stock Rises; VW Shocks the World Read More
World’s Advanced Saving Project (WASP) is an Italian company that has built a 40-foot tall, 20-foot wide 3D printer that uses clay and dirt to construct low cost houses. As realtytoday tells MHProNews, the huge machine, termed Big Delta, is a large metal frame with a nozzle in the middle …
A major pipeline build covering 52 miles from Cadiz to Canton, Ohio will create 400 jobs in the Dover area to serve as headquarters for the Marathon Oil project constructed by Price Gregory pipeline company, which is leasing 20 acres for offices and storage of tools, materials and equipment, according …
Factory-built Structures will Provide Offices and Storage for Pipeline Build Read More
With the need for 250,000 homes per year needed in London, as MHProNews reported Sept. 11, 2015, last year think tank New London Architecture and the mayor headed up an international call for help to solve the shortage, receiving over 200 proposals from architects, developers, and private citizens in 16 …
London Receives 200 Innovative Proposals to Address Housing Shortage Read More
Following an article MHProNews posted May 27, 2015 concerning a grant the North Carolina Department of Environment and Natural Resources (DENR) awarded Alamance County to demolish abandoned manufactured homes (MH), nearby Rockingham County has been awarded $26,500 to discard abandoned single-section MH. As myfox8 reports, Rockingham County Code Enforcement Officer …
Another NC County Funded to Demolish Abandoned Manufactured Homes Read More
In the news from CNNMoney: Kurdish Billionaire owner of Chobani yogurt hired 600 refugees. American household income of $54,000 barely above level from 20 years ago. New oil and gas production projects valued at $1.5 trillion are in jeopardy because of plummeting prices. 2.3 million Indians apply for 368 India …
The U. S. Department of Justice tells MHProNews it has reached an agreement to settle allegations of race and familial status discrimination against the owners and managers of Four Seasons Estates Mobile Home Park in Effingham, Illinois. While the consent order must still be approved by the U.S. District Court …
According to moneyflowindex, shares of manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) jumped by 3.55 percent in the past week, and 0.01 in the past four weeks. The shares have bested the S&P 500 by 6.34 percent in the past week and 1.07 percent for the past four …
Cavco Industries, Sun Communities Shine on Wall St. Read More
Following a story MHProNews last posted March 15, 2012 regarding a former Alabama lawmaker who admitted swindling nearly $250,000 from six post-Katrina victims for new modular homes that were never delivered, a judge denied his appeal for freedom in exchange for a down payment on restitution, according to bayoubuzz. John …
Former Lawmaker who Swindled Modular Home Buyers to Remain in Prison Read More
