MHProNews has learned that John Paul Builders of Brick Township, New Jersey, is building five modular homes in New York and New Jersey using Eco Building Products’ treated wood product that is protected from mold/mycotoxins, fire, water, fungus, rot and wood-ingesting insects. Calling them “defensive building materials, ECO says its …
Defensive Building Materials used for Modular Homes Read More
The U. S. is reveling in one of the most lucrative stock market runs in it history, but the recipients of this largesse are primarily white, college-educated individuals who are already well off, leading to discussions of income inequality, especially by those who did not gain. Meanwhile, the Dow Jones …
Drew Advances Modestly; Dow and S&P reach new Historical Highs Read More
The U. S. Department of Housing and Urban Development (HUD) and the Census Bureau inform MHProNews housing starts fell in all four regions of the country in August by 14.4 percent to a seasonally-adjusted annual rate (SAAR) of 956,000 units. Multifamily production led the downward trend, falling 31.7 percent, while …
Scottish company ECHO makes modular pods of local lumber under one hundred square feet each that can be stitched together to make the home any size desired, according to fastcoexist.com. Insulated with sheep wool, the homes are built on stilts to allow placement in any terrain. Says founder Sam Booth, …
Scottish Modular Homes use Sheep Wool for Insulation Read More
In the largest increase since November of 2013, the 30-year fixed mortgage rate rose 14 basis points from one week ago to 4.19 percent, although it peaked on Sunday at 4.30 percent and then fell, according to worldpropertychannel.com. Erin Lantz of Zillow says the rates hit a five-month high last …
The Modular Building Institute (MBI) has chosen the Ruth Lake Lodge north of Fort McMurray in Alberta, Canada as its Building of the Month for Sept. 2014, according to realestaterama.com. Providing housing for employees of the Athabasca Oil Sands industries and visitors to the area, the complex has over 600 …
Ruth Lake Lodge honored as Modular Building Institute Building of the Month Read More
In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is …
Sun Communities to Sell Six Million Shares to Fund Acquisition Read More
In an attempt to turn around its eighth consecutive year of multimillion dollar losses, manufactured housing producer Skyline Corp. is rolling out a new line of recreational vehicle (RV) models at this week’s Elkhart County RV Open House. Based in Elkhart, Indiana, the company has focused more on its MH …
With news that the Federal Reserve will not raise interest rates before the summer of 2015, although the quantitative easing that provides stimulus to the economy will likely cease before year’s end, Dow Jones Industrial Average hit a record high above 17,200, gaining +24.88 points, +0.15 percent, but closing just …
Volatile Skyline Drops again, MH Composite Rises, Dow Hits New High but falls back Read More
The Upson County Planning Commission in west central Georgia conditionally approved rezoning of a manufactured housing community (MHC) to allow the community to expand. The 51-acre site has been zoned legal nonconforming for single-family residential, but did not allow any new manufactured homes to come in, nor be replaced if …
Georgia Planning Commission Approves Expansion of MHC Read More
Notching its highest reading since Nov. of 2005, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) tells MHProNews builder confidence in the market for single-family homes rose four points to 59. The HMI gauges builder perceptions of current single-family home sales, sales expectations for the next six …
Builder Confidence in Single-family Homebuilding Rises Read More
In response to the country’s need for low-cost permanent housing, Vo Trong Nghia Architects in Vietnam have developed a lightweight, modular home using a precast concrete skeleton for structural support and thermal comfort, according to designboom.com. Features include polycarbonate panels to bring in natural light, nipa palm and corrugated cement …
Vietnamese Architects Develop Low-cost Modular Housing Read More
Updating a story MHProNews last posted May 22, 2014 regarding shipping containers becoming homes for liquified natural gas (LNG) workers in northern British Columbia, the $120,000 modular units are outfitted with many home amenities including flat screen TV, computer workstation, stainless steel appliances and floor-to-ceiling windows to bring in natural …
Converted Modular Shipping Containers may house up to 100,000 Read More
Stocks were up in anticipation of the minutes from the most recent Federal Reserve meeting. The Dow Jones Industrial Average added +100.83 points, +0.59 percent, to close at 17,131.97, while the Nasdaq gained +33.86 points, +0.75 percent, to end the day at 4,552.76. The S&P 500 also moved up +0.75 …
Skyline Regains Yesterday’s Loss; MH Composite Advances Read More
The past four quarters all the growth in household formation has been among renters, according to worldpropertychannel.com, as the rate of absorption for unsubsidized, unfurnished apartments has been at its fastest pace in a decade. As of Sept., 2014, construction of apartment buildings with at least five units hit the …
Frank Nothaft: New Multifamily Housing Units Being Absorbed Read More
Investors are closely watching Drew Industries, Inc. (NYSE:DW), the Elkhart, Indiana-based component supplier to the manufactured housing industry, according to wallstreetscope.com. Through its subsidiary, Lippert Components, it has recently acquired several complementary firms as MHProNews reported Aug 18, 2014. The company price-to-sale ratio is 1.01 and it has an insider …
Speaking at a luncheon at the Bipartisan Policy Center’s Housing Summit in Washington, D. C., former Housing and Urban Development (HUD) Secretary Henry Cisneros said the current affordable housing assistance programs only have funding for one out of four applicants. According to housingwire.com, he said: “In addition, we aren’t focusing …
Henry Cisneros: Current Affordable Housing Programs miss 75 Percent Read More
Manufactured housing producer Nobility Homes, Inc. (NOBH) of Ocala, Florida, announcing its sales and earnings results for the third quarter 2014 ending Aug. 2, reports sales for the quarter rose 12 percent to $5,346, 639 over the $4,758,456 for the same period of 2013, according to nasdaq.com. Net income after …
Nobility Homes Reports Sales, Income Rise in Q3 2014 Read More
Experts at the American Mortgage Conference say the combination of lenders apprehensive about making mistakes on loan apps and the qualified mortgage rule, and the need for low-cost financing to meet the changing demographics of minority and women home buyers whose income is not apt to rise, are two major …
Apprehensive Lenders, Changing Homebuyer Demographics Create Challenges Read More
While investors are awaiting news from the Federal Reserve’s two-day meeting, Tech stocks took a bath in trading as the Nasdaq fell over one percent, while the Dow and the S&P 500 moved very little. The Dow Jones Industrial Average added +43.63 points, + 0.26 percent, to close at 17,031.41, …
Deer Valley Spikes, Skyline Falls, MH Composite slips third Straight Day Read More
