With little happening on the domestic markets, investors watched Chinese trade data and the Japanese gross domestic product (GDP) numbers come in lower than expected as the three major stock indexes slipped slightly. CNNMoney reports the Dow Jones Industrial Average nudged down -34.04 points, -0.21 percent, to end the day …
Louisiana Pacific Drops, while Berkshire Hathaway Edges Up Read More
Using its rapid deployment data center (RDDC) model, Facebook will build its datacenter facilities based on modular construction methods that will provide two immediate benefits: standardization of design in terms of construction and architecture so new facilities will not have to be designed from scratch; and speed of deployment, according …
While MHProNews.com last reported on Feb. 25, 2014 that Commodore Homes was closing its modular plant in Danville, Virginia, and moving operations to a newer facility in North Carolina, elkharttruth.com says Commodore is expanding its Goshen, IN manufactured housing plant by 15,000 square feet, and eventually plans to hire over …
The government’s jobs report indicating the economy created 175,000 jobs last month, more than analysts expected, initially buoyed stocks in today’s trading, but those gains mostly drifted away by day’s end. CNNMoney reports the Dow Jones Industrial Average nudged up +30.83 points, +0.19 percent, to end the day at 16,452.72. …
Patrick Industries Advances the Most in a Lackluster Day of Trading Read More
A company in Troy, Michigan that provides appraisal management services for the real estate industry, including modular home companies, has seven positions open in operations and sales and is seeking summer interns. According to semichiganstartup.com, Dart Appraisal employs 43 people, and hired 14 people in the last year. MHProNews.com has …
In a survey that includes 41 million single-family mortgages across the country, accounting for 88 percent of all mortgages serviced, the Mortgage Bankers Association (MBA) reports oil boom state North Dakota has the lowest foreclosure starts rate in the country for Q4 2013 at only 20 basis points. The state …
Fracking Oils the Mortgage Industry in North Dakota Read More
A Cheektowaga, New York senior housing community is being acquired by Northstar Realty Finance Company, a New York City-based real estate investment trust (REIT) and owner of a portfolio of manufactured housing communities. Syracuse-based Peregrine Senior Living is selling Peregrine’s Landing LLC for $12.5 million, buffalonews.com reports. As MHProNews.com posted …
MHProNews.com has learned modular builder Britco of Langley, British Columbia (BC) will supply modular housing for the athletes competing in the Canada Winter Games in Prince George, in east central BC, in 2015. Following the competition, four of the modular units will be transformed into libraries for First Nations communities …
Despite the political drama unfolding in the Crimea Peninsula between Russia and western powers, the S&P 500 rose to a new high, while the Dow made modest gains and the Nasdaq fell slightly. CNNMoney reports the Dow Jones Industrial Average nudged up 61.71 points, +0.38 percent, to end the day …
Berkshire Hathaway Gains 3,520 Points; S&P Hits New High Read More
Once an online platform for selling only distressed real estate, Auction.com touts itself as being the leader in online real estate sales, including high quality commercial properties. Sources in Auction.com tell MHProNews.com Google has purchased the company, which sold over 35,000 properties, residential and commercial, in 2013 valued at more …
According to CoreLogic, U. S. home prices increased in January by the strongest margin in seven years, up 12 percent from the previous Jan., marking the 23rd consecutive month of yearly increases, worldpropertychannel.com reports. Said Dr. Mark Fleming, chief economist for CoreLogic, “The last time January month-over-month and year-over-year price …
Canterbury Earthquake Recovery Minister Gerry Brownlee and New Zealand Prime Minister John Key attended the announcement ceremony of a joint venture between two Christchurch-based companies to build and operate New Zealand’s first major panelized building factory. Building manufacturer Spanbild and the country’s largest privately owned group home builder, Mike Greer …
New Zealand Companies Join to Produce Modular Homes Read More
Investors stepped back from the dance floor in today’s trading after spinning one way and then the other as tensions rose in the Ukraine and then fell, leading to the three major indexes moving little. CNNMoney reports the Dow nudged down -35.7 points, -0.22 percent, to end the day at …
Sun Communities Falls; Dow, Nasdaq, S&P Move Little Read More
Now that responsibility for enforcing the Real Estate Settlement Procedures Act (RESPA) has been transferred to to the Consumer Financial Protection Bureau (CFPB), the question of whether the agency would sue alleged violators or accept a monetary settlement with the promise that it cease its errant ways has been decided—at …
The owners of Hendrickson Estates and Hendrickson Heritage Park manufactured home communities in Sequim, Washington, just northwest of Seattle, say city fees for installing new homes have risen, adding insult to injury in the face of a housing industry battered by the recession. Jeanne Murray and Mel Hendrickson, co-owners of …
Assorted Fees a Deterrent to Siting Manufactured Homes Read More
While the housing market helped lift the U. S. economy out of past recessions in 1981, 1990 and 2001, according to fxempire.com, it is not happening this time. Historically, residential investment has averaged five percent of gross domestic product (GDP), but it has only returned to three percent since the …
Stocks surged as fears eased over the likelihood of armed conflict between Russia and the Ukraine, sending the Dow Jones Industrial Average climbing over 225 points. CNNMoney reports the Dow spiked +227.85 points, +1.41 percent, to end the day at 16,395.88. The Nasdaq gained +74.67 points, +1.75 percent, to finish …
Drew, AMG, Cavco, UFPI Gain Three Figures; Dow Surges over 200 Points Read More
Technology-based marketing services company SearchCore, Inc., which connects consumers with brands, products and services through comprehensive websites, announces additions to their ManufacturedHomes.com site including the most extensive list of producers of manufactured homes (MH), retail centers and floor plans available in the entire industry. The company’s next step will be …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports figures from the Department of Housing and Urban Development (HUD) indicate shipment of HUD Code homes hit 4,405 in January, a 3.8 percent increase over the 4,242 homes shipped in Jan., 2013. As MHProNews.com has learned, the top ten shipment states …
Manufactured Home Production Continues Upward Trend Read More
The National Modular Housing Council (NMHC) informs MHProNews.com 3,406 new modular homes were shipped in the fourth quarter of 2013, an increase of 6.4 percent from the same quarter 2012. Compared to Q4 last year, statistics reveal 19 states saw increases in shipments, while 15 witnessed decreases. For purposes of …
