A new report by Prefab New Zealand and BRANZ says $40,000 can be shaved off the price of a new home using a prefabricated method of construction, and build time can be reduced 60 percent, which results in lower financing costs. Noting the urgent need to meet the current housing …
New Zealand’s Labour Party plans to Build 100,000 Modular Homes Read More
Stocks continued to fall in today’s trading, led by several banks, including Citi and Bank of America, as the Dow Jones Industrial Average slipped modestly, -4.76 points, -0.03 percent, to close at 16,264.23, while the Nasdaq fell -22.35 points, -0.54 percent, to close at 4,151.23. The S&P lost -3.52 points, …
LPX Gains the Most of Tracked Stocks, as the Three Major Indexes Slip Read More
Large private-equity firms that own some 200,000 single-family rental homes across the country have formed the National Rental Home Council (NRHC) to represent to the public the benefits of professionally-managed rental homes. Rental demand in communities across the country is strong,” says Gary DeLapp, President of Invitation Homes. “Our members …
Institutional Investors Form Organization for Single-family Rental Homes Read More
Harrah’s announced on Wed 3/26/2014 the closure of their largest casino operations in Tunica on June 2. The move impacts some 1300 workers. “After exploring every other viable alternative, we have come to the difficult but necessary conclusion to close Harrah’s Tunica in an effort to appropriately position our business …
Last Hurrah for Harrah’s in Tunica; Future of Tunica Manufactured Home Show Clouded Read More
In the travel section of mensjournal.com regarding a vacation home, the cost and efficiency of building a modular or manufactured home are touted: They are built on an assembly line readied with appropriate materials for a particular pattern, and staffed with specialists. It is less expensive for the same reason, …
Men, Take Heed: Off-site Built Homes are Great for Getaways Read More
Social media and technology stocks drew a bad hand in today’s trading as all three major indexes fell, with the Nasdaq losing almost 1.5 percent . The Dow Jones Industrial Average dropped -98.89 points, -0.60 percent, to close at 16,268.99, while the Nasdaq fell -60.69 points, -1.43 percent, to close …
About six weeks ago, residents of the 20 households of the Seaview Trailer Court (STC) on the Washington coast learned why garbage sometimes piles up uncollected in their community: STC is being foreclosed on and will be auctioned off Friday, March 28 at the courthouse in South Bend, Washington. If …
Manufactured Home Community Owners Leave Trail of Neglect Read More
The National Association of Home Builders (NAHB) reports sales of newly-built, single-family homes fell 3.3 percent to a seasonally annual adjusted rate (SAAR) of 440,000 units in February, 2014, based on data from the Census Bureau and the Department of Housing and Urban Development (HUD). “We still expect 2014 will …
Despite the 3.3 percent drop in new home sales in February, consumer confidence rose to its highest level in six years, and took the three major indexes with it. The Dow Jones Industrial Average rose 91.19 points, +0.56 percent, to close at 16,367.88, while the Nasdaq advanced +7.88 points, +0.19 …
Patrick Advances, Skyline Slips, Dow Gains nearly 100 Points Read More
According to The Wall Street Journal, private research group Conference Board reported its index of consumer confidence, which measures how consumers feel abut the future of the economy, rose to 82.3 percent in March from 78.3 percent in February, bettering the 78.6 percent economists expected for this month. Although the …
Toronto-based Tricon Capital Group, Inc. (TCN), which bought 3,500 rental units in the U. S. following the housing meltdown, is now seeking to invest up to $670 million (US) in manufactured home communities (MHCs) in Florida, California and Arizona, reports businessweek.com. Chief Operating Officer (COO) Gary Berman says, “If you …
Canadian Firm Seeking Manufactured Home Communities Read More
Internet stocks weighed down the market today, as the Nasdaq fell over two percent but managed to recover some of the lost ground to finally close at -1.18 percent, -50.40 points, ending at 4,226.39. The Dow Jones Industrial Average ended the day down -26.08 points, -0.16 percent, to close at …
Third Avenue Value Fund only Tracked Stock to Gain Read More
Updating a story from March 20, 2014 regarding the shortage of housing in Estevan, Saskatchewan, Canada due to the Bakken oil field drilling just south of the border in North Dakota, the 15-unit CanStay Motel complex is made of 40′ shipping containers converted into modular bachelor units. According to cbc.ca/news, …
MHProNews.com has learned from brandonsun.com, the Canada Mortgage and Housing Corporation has awarded the contract to build seven new modular houses for the Sioux Valley Dakota Nation to Home Hardware in Virden, Manitoba, Canada. Instead of nails and wood, the homes will be structural thermal energy efficient panels (STEEP), materials …
A five-foot patch of soil sank from the weight of a crane lifting half of a modular home into place in Marathon, Florida on the Florida Keys. According to keysnet.com, one section of the three-bedroom, two-bath home crushed a boat on adjacent property as it tipped half way over. No …
Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As marketwatch.com reports, senior management will discuss the results, current market conditions and the future. UMH is a …
The North Dakota Housing Finance Agency (NDHFA) presented Champion Home Builders the Champions of Affordable Housing Award for its modular townhome development, Wolf Run Village, in Watford City, ND, as MHProNews.com has learned. The award was presented at the 23rd annual Statewide Housing Conference on February 27, 2014 to the …
The Dow Jones Industrial Average went on a bumpy ride downhill after rising above 16,450 in late morning, falling steadily throughout the afternoon to end the week at 16,302.70, losing -28.35 points, nudging down -0.17 percent, according to CNNMoney. The Nasdaq dropped -42.50 points, -0.98 percent, to finish at 4,276.79, …
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market …
MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in …
