NewsTimes tells us one of the strongest wind zones in the Northeast is on lower Cape Cod in Massachusetts, where winds during hurricane season typically reach 120 mph. A vacation home now being built by Modular Architecture of Wilton, Connecticut, with a spectacular view of the ocean front will feature …
The Manufactured Housing Institute (MHI) newsletter reports an article in the Wall Street Journal says access to credit may be the key to U.S. economic recovery. Noting those who already have access are taking advantage of the low interest rates, while millions more with limited access cannot take advantage of …
Gizmag says a Chinese company will construct the world’s tallest building in just 90 days using modular construction. The Broad Group says the 2,750 foot Sky City One will stand 33 feet taller than the current tallest building, the Burj Khalifa in Dubai, named after UAE (United Arab Emirates) President …
Community development lenders and investors might be eligible for $200,000 grants each from the departments of Agriculture, Treasury and HUD to replace some of the worst housing in the nation—worse than urban slums or some Indian reservations: It’s the “colonias” areas of the U.S. border with Mexico. Likely to be …
MHProNews has learned from the National Association of Home Builders (NAHB) their Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for new, single-family homes rose one point in June, to 29, the highest level attained since May of 2007. Based on a 25 year-old survey, the …
7th Space Interactive tells us time will expire June 20 to bid on the Federal Emergency Management Agency (FEMA) excess manufactured housing units for sale by the U.S. General Services Administration (GSA). The 25 Park Models, the smallest of the two sizes generally used by FEMA at disaster sites, are …
EnterpriseNews tells us 450 MHC homeowners from two different MHCs in Carver, Massachusetts, in the southeast part of the state, may soon become their own landlords. The nonprofit ROC (resident-owned communities) is assisting in the $23 million deal for Pine Tree Village and Cranberry Village to become community-owned co-ops, which …
While the election in Greece produced a pro-bailout party win, concerns remain regarding the overall debt crisis in Europe, leading U.S. Stocks to close mixed. CNNMoney says the Dow Jones Industrial Average lost -25.35 points, -20%, to close at 12,741.82. The Nasdaq gained +0.78% to 2895.33, and the S&P moved …
Apartment Realty Advisors (ARA) created National Manufactured Housing Group (NMHG) to focus on MH and RV communities. Their new division sealed the deal on 16 MHCs in the last 12 months. From the 236 site Pocono Park in Wilkes-Barre, PA to Fairway Villas in Acworth, GA with 225 home sites, …
KnoxNews says Clayton Bank and Trust of Knoxville, Tennessee will take over the assets and operations of all four branches of Farmers Bank of Lynchburg, TN that were shut down by regulators on Friday, June 15. According to the Federal Deposit Insurance Corporation (FDIC), Farmers had $156.4 million in deposits …
MROMagazine (Maintenance, Repair and Operations), a publication in support of machinery and equipment maintenance, now includes a brief profile of manufactured housing in its Research and Markets edition. It says the U.S. manufactured housing market is dominated by eight manufacturers who account for 60 percent of the annual $3 billion …
CNNMoney reports investors, buoyed by European Central Bank President Mario Draghi’s remarks that the bank would provide more cash to deal with problems, especially Greece’s ongoing crisis, grew optimistic, pushing U.S. stocks higher as all three indexes gained. The Dow Jones Industrial Average gained +114.28 points, +0.90%, to end the …
MSNBC reports the Adversity Index from Moody’s Analytics says the economy improved in all regions of the nation, and though not one state remains in recession, 44 of the 50 are recovering at a snail’s pace. Two states, Alaska and North Dakota are in steady recovery, but five—Rhode Island, Wisconsin, …
Slovenian architectural studio Coodo has designed a series of modules that can be coupled horizontally or vertically to provide large household space, or used separately for a playroom or guest house. The thick polyester panels stretched over a galvanized steel frame provide thermal insulation. Two modules can comprise a two …
With manufactured housing increasing production nine consecutive months, as MHProNews has noted previously, smallcapnetwork says the time might be ripe to get into the manufacturing and modular housing market. Cavco Industries (NASDAQ:CVCO) reports net sales for the entire fiscal year 2012 hit $443,066,000, an increase of 156% over last year, …
LasVegasSun tells us Mountain View Community MHC in Henderson, Nevada changed hands earlier this year when Hometown America Communities sold the property to Equity Lifestyle Properties, Inc. (ELS). Leases under Hometown America stipulated that rents could increase a minimum of 3.5 percent with 90 days notice. ELS has told residents …
KeystoneEdge in Pennsylvania reports Ben Franklin Technology Partners of Northeastern Pennsylvania invested $60,000 in high-end modular home builder Taylored Building Solutions in Taylor, Lackawanna County, to update a computer program for tracking financial functions. Ben Franklin Technology Partners (BFTP) is a venture capital investment company that partners start-up tech firms …
Investors gained hope that central banks, including the Federal Reserve, will provide additional liquidity to financial markets if necessary in the wake of elections in Greece on Sunday, as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +155.53 points, +1.24%, to close at 12,651.91. …
Nobility Regains Crown; Most Tracked Housing Stocks Rise Read More
RealtyTrac tells NationalMortgageNews foreclosure filings for May 2012 numbered 205,900, the highest rate in three months, a rise of nine percent from April, but four percent lower than May 2011. Default notices and scheduled auctions increased to 109,000 in May, a 12 percent increase over April and 16 percent more …
Bloomberg News says following the burst of the housing bubble that put almost 25 percent of U. S. mortgages underwater, home equity in the first quarter rose to $6.7 trillion, its highest level since 2008, as homeowners refinanced their mortgages in droves, the biggest jump, percentage wise, in 60 years. …
