The Greens party in Australia wants woods from Southwest Australia used to make modular homes to address housing affordability issues in the country, according to abc.net.au. Greens Senator Scott Ludlam tells MHProNews, “We think there’s a good story here for manufacturing, for skills development, for better use of plantation timber …
According to nyreg.com, the Largo Group of Companies of Rochester, New York has arranged $2.2 million in financing for a manufactured housing community (MHC) in Falconer, and an industrial building in Buffalo. Falconer Village Manufactured Housing Community has 53 homesites and is three miles from Jamestown, NY, as MHProNews has …
Financing Arranged for Manufactured Housing Community Read More
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is …
The Dow Jones Industrial Average crossed the line into 17k territory again today, but stopped short of a new record, as CNNMoney tells MHProNews, gaining +111.61 points, +0.66 percent, to end 17,055.42. The Nasdaq advanced +24.93 points, +0.56 percent to end at 4,440.42. The S&P nudged up +9.53 points, +0.48 …
Dow Gains over 100 Points; Tracked Housing Stocks Mostly Quiet Read More
Private investment firm Park Street Partners acquired the Cherrywoods Manufactured Home Community in the Kansas City area. The 45-homesite all age, four star community sits on six acres in Ottawa, Kansas, reports motoemag.com. Jefferson Lilly of Park Street says the company intends to make Cherrywoods into “the premier affordable housing …
With single-family home and condo prices rising in the San Francisco Bay area, along with rents, Marin real estate agent Laura Watts calls manufactured homes (MH) “the new condos,”according to marinij.com. For the first six months of this year compared to 2013 the median price of a manufactured home has …
A 1,512 square-foot manufactured home (MH) set for delivery to a dealer in Chico, California will mark a milestone for Golden West Homes of Albany, Oregon as it celebrates production of its 35,000th home. A plaque will be unveiled in honor of the event at a company cookout July 17 …
The three major indexes made modest gains for the last trading day of the week, although the S&P registered its worst week in three months, as it gained +2.89 points, +0.15 percent, to end the week at 1,967.57, as CNNMoney tells MHProNews. Meanwhile the Dow Jones Industrial Average edged up …
Affiliated Managers Group Nudges Up, UMH Properties Slips Down Read More
MHProNews.com has learned from wsj.com that real estate investment trust (REIT) Sun Communities, Inc. has set its earnings release and conference call dates for the second quarter, 2014. The results will be announced before the market opens Thurs., July 24 with a conference to follow later that day at 11:00 …
Two-thirds of the $60 million annual earnings for Anchorage Alaska-based modular construction company Builders Choice Inc. (BCI) come directly from the burgeoning oil and gas industry, according to alaskajournal.com. Revenues have multiplied six-fold since Sandi and Mark Larson bought the business in 2001. Working out of a 50,000 square foot …
Through a community enhancement program, Parkbridge Lifestyle Communities has been able to update existing manufactured homes (MH) and replace old homes with new ones in Crestway Bays in Surrey, British Columbia, Canada, just outside Vancouver. Lachlan MacLean of Parkbridge, noting the 1970’s build era of many manufactured home communities (MHC) …
Parkbridge Replaces/Rebuilds old Manufactured Homes Read More
Residents of Lacombe, Louisiana, across Lake Pontchartrain from New Orleans, filled the St. Tammany Parish Council chamber protesting a zoning change that would allow manufactured housing on a 3.5 acre tract in their neighborhood. The opponents attorney argued there are already manufactured homes (MH) in the Oak Lawn East subdivision, …
Parish Council Votes to Allow Siting of Manufactured Homes Read More
Poor economic news from Europe, especially Portugal, sent the Dow Jones Industrial Average down 180 points in today’s trading, but it rebounded somewhat, cutting the loss to just -70.54 points, -0.42 percent, as it closed at 16,915.07. The Nasdaq slipped -22.83 points, -0.52 percent, to close at 4,396.20, while the …
UFPI Falls 3.51 Percent, ELS Nudges Up Slightly; Dow, Nasdaq, S&P all Slip Read More
From currentargus.com MHProNews has learned the oil and gas boom has hit Carlsbad, New Mexico, and with every apartment and motel room in town filled, people are sleeping on floors and living in backyard tents. In October 2013 the city approved temporary housing ordinances, and since then 100 travel trailer …
New Mexico City Approving Temporary Housing Permits Read More
The National Low Income Housing Coalition suggests modifying the 100+ year-old mortgage interest deduction (MID), and instead of eliminating it, cut the maximum mortgage amount that can have interest deducted from it from $1 million to $500,000 and use the savings to support affordable housing, especially for the homeless. Rep. …
End Homelessness by Modifying the Mortgage Interest Deduction? Read More
Following a story MHProNews posted Feb. 28, 2014 about the closing of Spruces Mobile Home Park in Williamstown, Massachusetts due to persistent flooding, a Federal Emergency Management Agency (FEMA) grant that triggered the closing will help provide the building of replacement housing with eight of the 14 households tagged for …
Manufactured Housing Community Closing Spurs Affordable Housing Project Read More
The Greater Las Vegas Association of Realtors (GLVAR) reports 34.7 percent of all existing local homes sold in June were purchased with cash, a drop from 40.2 percent in May, and a considerable decline from the Feb. 2013 peak of 59.5 percent. It has not been that low since July …
Although construction spending grew insignificantly in May—a mere 0.1 percent—and private residential spending fell 1.5 percent for the same month, following an increase of 0.5 percent the previous month, analysts speculate that residential construction will rebound in the coming months, making the overall market for homes more competitive, according to …
Tech stocks rallied downward with Twitter leading the charge, losing over seven percent in today’s trading, as the Nasdaq fell -1.35 percent, -60.07 points, to close at 4,391.46, while the Dow Jones Industrial Average dropped -117.59 points, -0.69 percent, to end the day under 17,000 at 16,906.62. CNNMoney tells MHProNews …
ELS Edges Up; Nasdaq Leads Downward Charge in Today’s Trading Read More
MHProNews has learned from insurancejournal.com Charleston, South Carolina-based insurer Johnson & Johnson has named Cathy Parmley vice president of operations in charge of the company’s internal work flows and allocation of resources for commercial and personal lines. With 20 years of experience at the company, she mostly recently served as …
