A developer’s plan to rezone 19 plus acres platted for 73 manufactured homes, to 19 apartment buildings with 154 units, is being nixed by Iowa City (Iowa) planning staffers. Although there is already a concentration of multifamily housing on that side of town, the primary reason for denying the proposal, …
Request to Re-zone from Manufactured Housing to Apartments Set to Be Denied Read More
Home prices have risen for the 17th consecutive month, according to CoreLogic’s house price index, increasing 1.8 percent nationally July over June, 2013. “Home prices continue to climb across the nation in July with markets hit hardest during the downturn leading the way,” said Anand Nallathambi, president and chief executive …
The rattling of sabers as the U. S. reportedly prepares for a military strike on Syria in retaliation for the alleged use of chemical weapons by that country’s leadership on its own people overshadowed two major tech deals. Verizon (VZ, Fortune 500) will pay $130 billion to take over Vodafone, …
Concerns over Syria Trumps Major Tech Deals and Positive Manufacturing Data Read More
While bankers fear the Consumer Financial Protection Bureau (CFPB) under Director Richard Cordray may be too aggressive, he assures them he is balancing safety and soundness with consumer protection. In a wide-ranging interview with American Banker, he says despite the fight over his initial recess appointment, he and his staff …
While both the Dow and the S&P are up 15 percent on the year, the Dow finished lower for the fifth straight day while the S&P broke a four-day losing streak. The NASDAQ has gained 19 percent on the year. In today’s session, CNNMoney reports the Dow lost -7.75 points, …
Killam Industries, Inc. of Halifax, Nova Scotia, Canada announces it will pay stockholders of record as of Aug. 30, 2013 a dividend of $0.0483 per share on Monday, Sept 16, 2013. Two equities research analysts have conferred a rating of hold on the stock, five have assigned it a buy …
The Manufactured Housing Institute reminds industry members that the Preserving Access to Manufactured Housing Act (H.R. 1779) has 50 co-sponsors and needs more support. The measure would preserve access to those seeking financing to purchase manufactured housing. Congress is on recess until Sept. 9, and MHProNews understands many representatives are …
An affiliate of Universal Forest Products, Inc. has developed the Intact Structural Frame building system that connects the roof to the foundation, providing an exoskeleton that will resist seismic, snow and stormy conditions. Most buildings connect the walls the to the foundation for support, but the owner of the 7,000 …
Universal Forest Products Unveils New Building System Read More
While 75 of the largest metropolitan housing markets across the country are posting a recovery index of over 100, which according to RealtyTrac means those markets are recovering faster than the national average, 63 markets continue to have at least 20 percent of homes underwater. Foreclosure is beyond its highest …
Housing Recovery is Real Despite a Few Bumps in the Road Read More
John Westrum of Westrum Development has seen demand rising for his modular homes in the beachside neighborhoods that were devastated when Hurricane Sandy waylaid the coast from New Jersey to Connecticut. As new federal flood maps and insurance require homes to be elevated, Westrum, who up to now has been …
Modular Homes Dotting the Jersey and New York Coasts Read More
Updating a story MHProNews first published Sept. 5, 2012 regarding the closing of Hilltop Mobile Home Park in State College, Pennsylvania, and last covered May 23, 2013 when the owners settled with the attorney general over payment relocation expenses, the planning commission is considering new options for the property. The …
Debate Continues over Former Land Lease Community Property Read More
A seven-and-a-half story modular apartment building with 49 apartments in downtown Seattle, Washington will be move-in ready in four months. Real estate developer Daly Partners LLC has begun leasing the 3,000 square feet of ground level retail space for “N” Habit: Belltown, located in the Belltown area, the city’s first …
First Modular Housing Development in Downtown Seattle Read More
Down Under, again: From a two-room self-contained Quickshack for a home office, teenage space, or a grandparent home to single and multistory modular housing for students, hospitals and hotels, Quicksmart (QSH) designs and engineers all products in house. The company makes a range of pods, modules, and hybrids as well …
In the run-up to the elections in Australia, Greens party leader Sen. Christine Milne, noting the Labour and Coalition parties offer little in the way of housing, proposes to build 12,200 affordable housing units a year across the country for ten years. She says, “One thing not being talked about …
Adding to a story MHProNews posted August 2, 2013 about June’s production of manufactured homes increasing 5.1 percent year-over-year, and production for the year having risen the same percent over last year, the Manufactured Housing Institute (MHI) reports production of single and multi-section homes both increased. Additionally, total floors shipped …
Stocks turned red for the third straight day as the Dow and S&P each lost two percent on the week, typical of a dog day in August. CNNMoney reports the Dow lost -30.72 points, -0.20 percent, to close at 15,081.47. The Nasdaq nudged down -0.09 percent, -3.34 points to end …
Three Major Indexes Fall Again; Tracked Housing Stocks Close Mixed Read More
Following a story we posted Aug. 13 regarding mortgage fraud charges being brought against four managers of the manufactured housing retailer Phoenix Housing Group of Greensboro, North Carolina, one of the accused is now considered a fugitive. The four are charged with conspiring to defraud buyers of manufactured and modular …
Signifying continuing recovery of the housing market, housing starts nationwide jumped 5.9 percent to a seasonally annual adjusted rate (SAAR) of 896,000 units in July, led by a sharp rebound in the multifamily sector, strong enough to offset a slight loss in the single-family home market. According to the National …
Canada’s Black Diamond Group Limited has declared a dividend of $0.07 cents a common share payable Sept. 16, 2013 to shareholders of record as of Aug. 30, 2013. Through its subsidiaries the company rents and sells modular workforce housing and buildings to projects in remote areas, and provides supportive services …
While investors worry when the Federal Reserve may reduce it’s stimulus program, the government reports jobless claims dropped by 15,000 and the consumer price index rose only two percent, but the Dow Jones Industrial Average fell 225.47 points on disappointing earnings reports from Wal-Mart and Cisco. CNNMoney reports the Dow …
Cavco, Patrick Lead Stocks We Track, as Dow Drops Precipitously Read More
