A key index of manufacturing activity and a rise in construction spending spurred investors to drive all three indexes higher to begin the second half of the year. CNNMoney reports the Dow Jones Industrial Average gained +65.36 points, +0.44 percent, to begin the second half at 14,974.96. The Nasdaq gained …
Factory-built homes in Japan are a rarity, in part because Japanese roads are narrower and strict regulations govern size of cargo that can be moved on them. One man in Ibaraki Prefecture has a part-time operation importing very basic modular homes from Canada. Though very plain looking, they were built …
The expansion of an oil refinery in Rabigh, Saudi Arabia will make it the world’s largest integrated oil refinery and petrochemical production facility, and modular builder Red Sea Housing will provide housing for the 9,000 employees working on the expansion. The 527,000 square foot facility will include accommodations for all …
Modular Housing part of Refinery Expansion in Middle East Read More
For years in Australia, mining and construction companies used dongas, transportable single-room aluminum buildings for workers, which have now evolved to modular housing, but few modular structures were made for residential housing in the last ten years. Ausco Modular has supplied thousands of units of modular workforce housing over its …
Modular Residential Housing Ramping up in Australia Read More
Updating a story MHProNews last covered March 25, 2013 regarding the closure of a manufactured housing community slum in California, after a decade of legal battles the 4,000 resident community is set to finally close June 30, 2013. Located in the Coachella Valley just west of Joshua Tree National Park, …
Although June has been a topsy turvy month for investors, the three major indexes gained two to five percent for the month, and have risen 12-14 percent for the first half of the year. CNNMoney reports the Dow Jones Industrial Average fell -114.89 points, -0.76 percent, to end the month …
Three Major Indexes Finish Half Year Up; Housing Stocks Today Close Mixed Read More
In its latest Housing Insights report, Fannie Mae notes that while overall home construction fell by 70 percent between 2006 and 2011, manufactured housing (MH) began declining in 1998, falling nearly 90 percent. In 2012 MH accounted for 7.4 percent of total home construction, a substantial drop from 20.2 percent …
Fannie Mae: Manufactured Housing has Challenges to Overcome Read More
The Dow had its third-triple digit gain in a row as fears of the end of the Federal Reserve’s stimulus waned. CNNMoney reports the Dow Jones Industrial Average gained 114.35 points, +0.77 percent, to end the day at 15,024.49. The Nasdaq advanced +0.76 percent, +25.64 points, to end the session …
Three Major Indexes Rise, as do Most Tracked Housing Stocks Read More
A manufactured housing community is offering to pay cash for single-section manufactured homes 1990 or newer. Rolling Hills Estates in D’Iverbille, Miss., just outside Biloxi, is also offering newer homes for people who want to trade up their older manufactured home and live in the community. As newswire informs MHProNews, …
Community Owner will pay Cash for used Manufactured Homes Read More
Following news the Gross Domestic Product (GDP) grew only 1.8 percent in the first quarter, well below the 2.4 percent analysts were hoping for, stocks rallied as investors bet the Federal Reserve will keep the stimulus intact. CNNMoney reports the Dow Jones Industrial Average gained 149.83 points, +1.02 percent, to …
Hope for Continuing Stimulus Sparks Indexes; Tracked Housing Stocks Mixed Read More
Investment firm Alceon has acquired the Oaklands Village Manufactured Home Estate in Wollongong, New South Wales, on the southeast coast of Australia, for $13.4 million. Sold by the Oaklands Village Trust, the community has 258 home sites and is located just south of Sydney, Australia, according to theaustralian.com. As MHProNews …
Australian Manufactured Home Community Changes Hands Read More
Following a story MHProNews posted yesterday, June 25, concerning the former Hilltop manufactured housing community in State College, Penn. that a builder wants to develop into student housing, the College Township Council rejected the request. Despite a modified proposal from the developer, Ind.-based Trinitas Ventures, which offered a plan that …
Rezoning Request for Former Manufactured Housing Community Denied Read More
A Shannon, North Carolina man has been charged with defrauding 45 people of $437,702 by not delivering manufactured homes they had purchased, and is in jail under a $800,000 secured bond. Bradley Malcolm McMillian, 38, is facing two counts of obtaining more than $100,000 worth of property by false pretense, …
Fraud Charges Levied against Manufactured Home Seller Read More
A four-acre site occupied by a manufacturing plant that closed in 1990 and now owned by the Carthage Industrial Development Corp. (CIDC) in Carthage, New York is set for six homes to be built by Thousand Islands Area Habitat for Humanity. In collaboration with the village of Carthage and the …
The measure of consumer confidence rose to its highest level since 2008, and a positive report on durable goods as well as from the housing market spurred U. S. stocks upward, as the Dow regained 100 points following losses in recent days. CNNMoney reports the Dow Jones Industrial Average gained …
Major Three Indexes Gain, Housing Stocks Close Mixed Read More
MHProNews last posted a story May 23, 2013 concerning the closing of a land lease community in State College, Penn. in which the owners were sued for not reimbursing homeowners according to state law, and were ordered to pay. The land has now been sold to Trinitas Ventures, which intends …
Student Housing Planned to Replace Manufactured Housing Community Read More
New home sales rose 2.1 percent in May over April, according to Commerce Dept. figures, the highest rate since 2008. The S&P Case Shiller home price index (HPI) of existing homes rose 12.1 per cent from last year, the best rate in seven years, according to what David Blitzer of …
Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, …
A new modular transportable cabin has been developed in a range of five designs in Australia. Measuring 29 feet X 12.5 feet, the steel-framed Affordable Portable (AP for short) costs $61,000 and is comprised of two modules. The dwelling includes a fold-down and a loft bed, is fully wired and …
A shortage of skilled trades workers combined with tight credit and lack of available finished lots may slow the housing market rebound, according to Fitch Ratings, although the only likely downside is a longer construction timeline. Prior to the Great Recession, over eight million construction workers were employed, but according …
Shortage of Skilled Tradespeople may Slow Recovery Read More
