Business

Acquisition Feeds into Manufactured Housing Production

MHProNews has learned from fortmillstimes.com a Berkshire Hathaway subsidiary has acquired Kova Solutions, LLC, a provider of business management software targeted to integrating and controlling residential construction and manufactured housing from beginning to end, from sales to scheduling to warranty. Chesterfield, Missouri-based MiTek, a Berkshire Hathaway company since 2001, with …

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Raise Debt Limit or Risk another Recession, says Lew

Treasury Secretary Jack Lew told members of the Senate Banking Committee failure to raise the debt limit could result in the rise of interest rates, possibly jeopardizing the nascent housing recovery, as well as lead to higher costs on retirement accounts and make it more expensive to buy a car …

Raise Debt Limit or Risk another Recession, says Lew Read More

Maine Modular Development Seeking Year-round Occupancy

The owner of the 53 home sites at Summer Winds in Old Orchard, Maine hopes to convince the town’s planning board to change use of the units from seasonal to year-round. The gated community is currently classified as a resort community that can only be occupied from April 1 to …

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Possible Deal to avoid Debt Crisis Lifts Stocks

Talk of a resolution of the gridlock in Washington was enough to spur the three major indexes to an over two percent gain each. CNNMoney reports the Dow spiked +323.29 points, +2.18 percent, to close at 15,126.07. Meanwhile, the Nasdaq advanced +2.26 percent, +82.97 points to end today’s trading at …

Possible Deal to avoid Debt Crisis Lifts Stocks Read More

Oak Creek Celebrates Milestone

Founded in 1971 as a manufactured home retailer, Oak Creek Homes of Texas began building manufactured homes in 1993 and recently celebrated the production of its 50,000th home, as MHProNews has learned. With manufacturing facilities in Fort Worth and Lancaster, Texas and Lynn, Alabama the 705 employees build homes ranging …

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Green Courte Announces Vice President

Green Courte Partners, LLC of Lake Forest, Illinois announces the appointment of Susan A. Rowe to head the firm’s sustainability initiatives dealing specifically with manufactured housing communities and parking facilities. According to digitaljournal.com, Ms. Rowe will represent Green Courte at the Real Estate Roundtable’s Sustainability Policy Advisory Committee and at …

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Keep Lines Open to Manufactured Housing Institute

As follow-up to a story we posted yesterday, Oct. 8, that the government shutdown may affect the shipment of manufactured homes because the IBTS has been issued a stop work decree, Lois Starkey of the Manufactured Housing Institute (MHI) wants to be notified when manufacturers are running short on certification …

Keep Lines Open to Manufactured Housing Institute Read More

Housing Stocks Mixed; New Fed Head Lifts Dow, S&P

Despite the government shutdown and looming debt ceiling crisis, the Dow and the S&P both edged up slightly on news that Janet Yellen is to replace Ben Bernanke as the next head of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average gained 26.45 points, +0.18 percent, to end …

Housing Stocks Mixed; New Fed Head Lifts Dow, S&P Read More

Universal Acquires Concrete and Lumber Supplier

Grand Rapids, Michigan-based Univesal Forest Products Inc. (NYSE:UFPI) is acquiring certain assets of SE Panel and Lumber Supply of South Daytona, Florida for an undisclosed dollar amount. According to businessweek.com, the acquisition, which adds products to its lineup and expands its reach, is expected to close next month. As MHProNews …

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Washington Gridlock Strikes Fear in Investors, Tracked Housing Stocks

The continuing fears about the government shutdown and even more so, the looming debt ceiling crisis, is giving jitters to investors as all three indexes dropped one to two percent. CNNMoney reports the Dow Jones Industrial Average plummeted -159.1 points, -1.07 percent to end at 14,776.53. The Nasdaq fell a …

Washington Gridlock Strikes Fear in Investors, Tracked Housing Stocks Read More

Index Notes Uptick in Housing Market

The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI) reports 52 out of 350 housing markets have returned to pre-recessionary levels of activity. Based on current housing permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity. MHProNews has learned …

Index Notes Uptick in Housing Market Read More

Abandoned Manufactured Home Draws Ire, Cats

Although an abandoned, burned out manufactured home in Spout Springs, North Carolina has been declared a public nuisance, the stench, feral cats and cockroaches have plagued its neighbor, Jim Redgate, for five years. “The only change is every year more cockroaches crawl out of there, and more feral cats move …

Abandoned Manufactured Home Draws Ire, Cats Read More

Investors Pull the Reins; most Tracked Housing Stocks Slip

Investors, concerned that the continuing drama over the government shutdown and debt crisis may lead to default, expressed their fears today, as all three indexes dropped in today’s trading. CNNMoney reports the Dow dropped -136.34 points, -0.90 percent, to close at 14,936.24. Meanwhile, the Nasdaq moved down -0.90 percent, -37.38 …

Investors Pull the Reins; most Tracked Housing Stocks Slip Read More

74 Percent of Manufactured Home Sites Sold

With home sites priced from $14,900 to $34,900, 23 out of 32 sites have been sold in Phase 2 at Country Estates manufactured homes subdivision in Fort Myers, Florida, says LeeCorp Homes. The 55-plus deeded lot development, according to naplesnews.com, offers lot and home prices from the low-$100,000s. MHProNews has …

74 Percent of Manufactured Home Sites Sold Read More

Leveling Solution Available for Manufactured Homes

Creative Concrete Products, LLC of Mount Vernon, Washington produces and installs Duraskirt, a concrete re-leveling skirting for manufactured and factory-built homes produced before 1995 that rest on steel frames supported by piers instead of a foundation. A change in leveling may be caused by the ground settling, resulting in doors …

Leveling Solution Available for Manufactured Homes Read More

Reality Show Star Endorses Clayton Manufactured Home

As follow-up to a story MHProNews posted July 29, 2013 regarding a reality TV show about a backwoods Louisiana family that built a dynasty selling a duck call and hooked up with Clayton Homes, Clayton is now offering a limited edition home inspired by one of the show’s stars. Si …

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Company Moved from Single Modular Homes to Housing Developments

M SPACE Holdings LLC formed in 2001 to provide emergency modular housing for catastrophic events, but has since branched into building up-scale and workforce modular housing, especially in the Williston Bakken oil and gas development in North Dakota. The company currently has seven developments located across six different locations, and …

Company Moved from Single Modular Homes to Housing Developments Read More

Most Housing Stocks Advance, as do Three Major Indexes

Investors continued to remain cautious on the economy but did push all three major indexes into positive territory. CNNMoney reports the Dow gained +76.10 points, +0.51 percent, to close at 15,072.58. Meanwhile, the Nasdaq moved up +0.89 percent, +33.42 points to end today’s trading at 3,807.76, while the S&P advanced …

Most Housing Stocks Advance, as do Three Major Indexes Read More

Australian Land Lease Community on the Block

A 100 home site manufactured housing community has been listed for sale in New South Wales, on the south east coast of Australia. Residents of Acacia Ponds Village near Mirambula pay $85 a week for site rent, and it is 83 percent occupied, making it a good investment because of …

Australian Land Lease Community on the Block Read More

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