Following a one percent spike in consumer spending in March, April saw a -0.1 percent decline, the first drop in spending in one year, according to the U.S. Commerce Department, as RVBusiness.com tells MHProNews.com. The surge in March marked the largest increase in four years. Consumer spending accounts for 70 …
Consumer Spending Falls for First Time in 12 Months Read More
On the last trading day of the month the stock market finished flat, but the Nasdaq added about three percent for the month and the S&P, in addition to setting a new high, gained almost two percent in May. Today, CNNMoney informs MHProNews, the Dow Jones Industrial Average inched up …
S&P Index Hits New High; ELS Edges up, while LPX slips Read More
In a story MHProNews last covered May 19, 2014 regarding the opening of the modular The Stack, the 28-unit apartment building in the Inwood section of New York City, we have learned the 56 modules were made by DeLuxe Building Systems in Pennsylvania and trucked to the site. The units …
NYC Modular Apartments Will Take First Tenants in June Read More
For the second straight month, pending home sales rose in April to 97.8 from 97.4, according to the National Association of Realtors (NAR) Pending Home Sales Index (PHSI), an indicator based on signed contracts., reports worldpropertychannel.com. Although the index is 9.2 percent below April 2013, NAR Chief Economist Lawrence Yun …
A Delaware-based titanium company plans to move 75 percent of its manufacturing from China to a facility in Sequim, Washington, northwest of Seattle, according to peninsuladailynews.com. The 5.5 acre site contains a warehouse and a manufactured home where the sales staff of Allied Titanium, Inc. is currently operating. The company …
Sales Staff for Titanium Company Works from Manufactured Home Read More
Hocking County (Ohio) Treasurer Diane Sargent reports the 2014 manufactured home tax statements have been mailed with a return due date of July 31, 2014, according to logandaily.com. Mail received with a cancellation date of the due date will be accepted without penalty; those postmarked/received after July 31 may be …
Russell Kellett, writing in Great Britain’s cnplus.co, says offsite manufacturing is the wave of the future for building because it’s more cost-effective, sustainable, delivered faster and of higher quality. Noting that minimizing production on site takes away many risks, he says, “The automated factory process allows you to calculate materials …
Although the U. S. economy shrank one percent in the first quarter of the year, economists depict other factors that say the economy is improving, such as the sharp drop in unemployment claims for last week, falling to its lowest point since 2007. Investors, betting the economy is improving, pushed …
S&P 500 Hits New High; Affiliated Managers Group Edges Up Read More
A dollar invested in Patrick Industries, Inc. (NASDAQ:PATK) in 2008 would be worth $45 to the investor by the end of 2013, according to motleyfool.com. Headquartered in Elkhart County, Indiana, Patrick produces and distributes a wide range of products to the manufactured housing (MH) and recreational vehicle (RV) markets. The …
Patrick Industries Increases Content per RV Unit 27% Read More
The latest compliance report released by the Office of Mortgage Settlement Oversight reveals Green Tree Servicing failed eight of the settlements 29 metrics for mortgage servicing, according to housingwire.com. Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and Ocwen each passed all 29 metrics. If Green Tree does not quickly …
Green Tree could Face Fines if Mortgage Servicing not Corrected Read More
The Dow Jones Industrial Average fell after the opening bell, rose to near 16,680 at 3:00 PM only to fall back to 16,633.18 at the close, losing -42.32 points, -0.25 percent. CNNMoney informs MHProNews the Nasdaq dropped -11.99 points, -0.28 percent, to finish at 4,225.08, while the S&P flirted with …
Nobility Homes Falls 5.38%, as most Tracked Stocks Slip in Today’s Trading Read More
MHProNews.com has learned from duncanbanner.com the Duncan City Council in south central Oklahoma approved a $6,450 contract with Flanigan Construction and Roofing to repair hail damage to the modular house at the water treatment plant. In other news, the city council also approved $19,000 in infrastructure support for a 40-unit …
While Boston is undergoing a surge of residential construction, the majority are luxury rentals that go for $3,500 or more per month, according to bostonglobe.com. While only 22 percent of the 6,600 rental and ownership units across the city under construction are affordable to households earning between $50,000 and $100,000, …
Affordable Modular Housing may Rise in Downtown Boston Read More
Investors roared back from their holiday weekend in a good mood as the S&P set a new record, closing at 1,911.91, up +11.38 points, +0.60 percent, while the Dow Jones Industrial Average landed at 16,675.50, +69.23 points, +0.42 percent, as it approached its record 16,715.4. CNNMoney informs MHProNews the Nasdaq …
S&P Sets New High; Louisiana Pacific Edges up the Most Read More
Plans are afoot in Thief River Falls, Minnesota to convert a seven-acre plot into 29 single-family modular homes, providing the city can find a developer. In order to qualify for a Minnesota Housing Finance Agency grant, the city has to have an option to buy a specific property, and would …
29 Affordable Modular Homes on the Horizon in Minnesota Read More
A proposed 100-homesite manufactured housing community in Australia is running into stiff opposition from the surrounding community, with over 100 complaint letters received about increased traffic, pedestrian safety, flooding problems and social impacts, according to newcastlestar.com.au. Dismissing resident concerns that it would look like a “tin hut community,” David Hughes, …
Neighbors Object to Proposed Manufactured Home Community Down Under Read More
CoreLogic Case-Shiller informs MHProNews single-family homes prices rose in every Chicago-area zip code last year for the first time since 2006, led by the Mount Greenwood neighborhood–60655–on the South Side at 16.5 percent, followed by Morgan Park–60643– with 15.9 percent. At the other end of the spectrum Joliet–60432– notched the …
At its annual stockholders meeting Thursday, May 22, 2014, Patrick Industries, Inc. of Elkhart, Indiana said in a filing with the U. S. Securities and Exchange Commission (SEC) the following were named to the board of directors: Terrence D. Brennan, Joseph M. Cerulli, Todd M. Cleveland, John A. Forbes, Paul …
Patrick Industries Files Shareholder Selections with SEC Read More
According to pacificnewscenter.com, included in Guam’s Gov. Eddie Calvo’s 2014 State of the Island address is construction of transitional housing to accommodate up to 15 homeless households composed of adults only. With funding from the public health department, the Guam Housing Corporation (GHC) is leading the effort to find appropriate …
MHProNews.com has learned Black Diamond Group Limited of Calgary, Alberta, Canada has inked a 1,244 person workforce camp contract for the Montney Shale region of northeastern British Columbia, expecting to generate $34 million over the three year term of the agreement. The first 622 beds will be installed during the …
Black Diamond Contracts for Modular Workforce Housing in Northern British Columbia Read More
