The National Mass Housing Development Programme in Namibia, Africa plans to build 185,000 modular houses by 2030 to ease the critical housing shortage. A Chinese-Namibian company called Afrina, a joint venture of the government with Sinotech Modular Housing of China, utilizes construction techniques that enable the building of a two-bedroom …
Political concerns about the future of Ukraine and worries about a downturn in the Chinese community kept investors away from the dance floor as the week saw a drop of about two percent in the value of the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -43.22 …
Drew and Patrick Industries Perform Best in Today’s Trading Read More
MHProNews.com has learned that UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites with an average 70 percent occupancy rate, for $24,950,000. A public real estate investment trust (REIT), marketwatch.com reports the company owns and operates eighty-two manufactured home communities …
Concerns over the Chinese economy and how the crisis in Ukraine may affect global markets trumped a positive report on U. S. retail sales and a drop in unemployment claims, as the three major indexes all fell over one percent. CNNMoney reports the Dow Industrial Average dropped -231.19 points, -1.41 …
Nobility, Skyline rise; Dow, Nasdaq, S&P Lose One Percent Plus Read More
According to tickerreport.com, manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) has announced it will pay shareholders of record on Friday, March 28, 2014 a dividend of $0.325 per share on Friday, April 11, 2014, representing an annualized dividend of $1.30 and a dividend yield of 3.17 percent. The …
Manufactured housing and recreational vehicle component supplier Lippert Components, Inc. of Goshen, Indiana is bringing 180 jobs this year to a building it has signed on to lease for 12 years in South Bend, IN, and expects to add a total of 380 workers in the coming ten years. While …
A major aspect of the bipartisan housing finance reform legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) of the Senate Banking Committee is a mortgage cooperative to ensure small and regional lenders can sell their loans for cash. As nationalmortgagenews.com informs MHProNews.com, the cooperative would initially be …
Mortgage Cooperative may Replace Fannie Mae and Freddie Mac Read More
A survey conducted by the National Association of Home Builders (NAHB) in 2013 reveals housing data based on ethnic and racial considerations. The information could be valuable to builders when dealing with potential customers, as MHProNews.com has learned. Minority home buyers typically purchase a home at a younger age than …
Analysts at Deutsche Bank report concerns about China’s market coupled with a sharp drop in copper prices led to little change in the three major indexes today. CNNMoney reports the Dow Industrial Average edged down -11.17 points, -0.07 percent, to end the day at 16,340.08. The Nasdaq managed to squeak …
Manufactured Housing Composite Rises +1.03 Percent; Tracked Stocks Quiet Read More
Analysts at Barclays report more homeowners are staying current on their mortgages, thereby reducing the rate of delinquent loans, as housingwire.com informs MHProNews.com. The March Mortgage Credit Tracker says, however, the rate of foreclosure is rising, as is the foreclosure-to-REO (real estate-owned) hopper, bringing foreclosures back to the rate of …
In order to better zone and regulate the temporary housing facilities that many oilfield workers live in, the Williams County (North Dakota) commissioners voted to update the definition of crew housing, and will charge companies $400 per person for each one living in modular workforce housing zoned for non-residential use. …
County Commissioners Dealing with Modular Workforce Housing Read More
A revised application for the siting of modular living units in Ridgefield, Connecticut may lead to a legal settlement after 1 1/2 years. Ridgefield Modular Home Corp. originally submitted plans for 11 apartments in a four-cluster modular building under the state’s affordable housing law in Sept. of 2012. Ridgefield is …
According to theiet.org, the world is beginning to realize the advantages of modular construction methods in the wake of the desire for quicker, cheaper, cleaner and more environmentally friendly building techniques. Two years ago China’s Broad Construction stunned the world when it assembled a 30-story modular hotel working round the …
Off Site Construction Methods Gaining Recognition and Advocates Read More
Deputy Director of the Consumer Financial Protection Bureau (CFPB), Steven Antonakes, speaking at the Mortgage Bankers Association’s (MBA) Servicing Conference, pointedly blamed the servicers for the many foreclosures outstanding and the home owners still underwater on their mortgages. According to nationalmortgagenews.com he said, “This kind of continued sloppiness is difficult …
After rising above 16,450 earlier in the day, the Dow Jones Industrial Average drifted lower in the afternoon, leaving the three major indexes in the red. CNNMoney reports the Dow dropped -67.43 points, -0.41 percent, to end the day at 16,351.25. The Nasdaq fell -27.26 points, -0.63 percent, to finish …
Deer Valley Plunges, Cavco Gains, Major Indexes Drift Lower Read More
The National Association of Home Builders (NAHB) chairman Kevin Kelly, a homebuilder from Wilmington, Delaware issued a statement lauding the Senate Banking Committee’s announcement that they had reached an agreement on a housing finance reform proposal, as MHProNews.com has learned. He said: “NAHB commends Sens. Johnson and Crapo for reaching …
National Association of Home Builders Welcomes Housing Finance Reform Read More
MHProNews.com has been informed by mortgagenewsdaily.com that M&T Bank has updated its United States Department of Agriculture (USDA) guidelines and is removing its combined loan to value (CLTV) limit where the second lien is an affordable housing grant. In addition, it is no longer permitting manufactured homes on its SONYMA …
The Village Board in Poplar Grove, Illinois just north of Rockford denied a request to develop 72 acres into two manufactured home communities (MHCs), as a packed boardroom meeting erupted into applause. Flora Meadows applied for two permits for Hawthorn Meadows South and Hawthorn Meadows North, but Board Chairman John …
A petitioner in Asheville, North Carolina requested the Buncombe County Commissioners rezone a small riverfront manufactured housing community (MHC) from R1 to R-3 to allow him to site three park model homes for vacationers, according to thetribunepapers.com. One of the commissioners, who has been in the MH industry, said the …
Encore Wire Corporation’s Chief Financial Officer (CFO), Frank J. Bilban, will be presenting at Sidoti & Company’s annual Institutional Investor Forum, Mon., March 17 at the Grand Hyatt Hotel in New York City, according to wsj.com. Encore (NASDAQ:Wire) produces a broad spectrum of electrical building wire for commercial and industrial …
Manufactured Home Wiring Provider Presenting at Sidoti Forum Read More
