From St. Petersburg, Florida MHPronNews.com has learned from the Beach Beacon sales in the overall residential property sector in Pinellas County only increased two percent Feb. 2011 to Feb. 2012, but the median sales price for the same period rose nearly 18 percent. Similarly, for single-family homes, the same period …
At the Modular Building Institute’s (MBI) annual conference in Orlando, Florida last week, the president of Whitley Manufacturing, Simon Dragan, was inducted into the association’s Hall of Fame as part of its World of Modular event. A veteran of the modular industry for over 30 years, Dragan came to the …
Modular Trade Association Honors Hall of Fame Inductee Read More
The U.S. stock markets are closed today in observance of Good Friday. Happy Easter and Happy Passover from MHProNews.com.
Faqs tells MHProNews.com Tampa, Florida-based Deer Valley Corporation (DVLY:OTCBB) has agreed to purchase all of the company’s outstanding preferred stock from its majority shareholder, Vicis Capital Master Fund, as well as 1,096,291 shares of Deer Valley’s common stock. The option also gives the company the right to repurchase 12,310,359 shares …
According to BostonHerald the sale of homes in Massachusetts increased 9.7 percent in Q1 this year as compared to 2011, continuing a trend that began in 2009 when the housing market bottomed out. The MLS Property Information Network says the state’s median sales price fell less than one percent to …
WisconsinRapidsTribune tells MHProNews.com Ferkey Builders has received preliminary approval for a modular home community for people 50 and older in the central Wisconsin town of Saratoga. The 48 homes would each be sited on a half-acre with one bedroom models starting at $100,000. A resident who said the town’s ordinance …
From Freehold, New Jersey the SacramentoBee says UMH Properties has completed the underwriting of one million shares of its 8.25% Series A Preferred Stock at $25.292 per share, and anticipates a net return of $24,500,000 before expenses. The company intends to acquire additional properties and pay down debt with the …
The National Association of Home Builders (NAHB) Improving Markets Index (IMI), based on employment, housing permits, and house prices showed a slight improvement, adding a net gain of two, March to April. Thirteen markets were added and eleven fell from the ranking, while 88 markets remained, rising just above the …
Following up on a story we published Sept. 8, 2011, ReinforcedPlastics says Toronto, Canada-based Innovative Composites International, Inc. (ICI) has completed its Orangeburg, South Carolina plant designed to produce five million square feet of modular homes annually. The 880 square-foot EcoScape homes, a modular unit especially designed for affordable housing …
CNNMoney tells MHProNews.com jitters over the continuing European debt crisis tempered the slight good news anticipated in the job market, resulting in the Dow Jones Industrial Average dropping -0.11 percent, -14.61 points, to close at 13,060.14. The Nasdaq moved up +12.41 points, +0.40 percent to close at 3,080.50, while the …
Dow Edges Down, MH Composite Rises, MH Stocks Mixed Read More
The etruth in Elkhart County, Indiana says business leaders are cautiously optimistic about the future given business expansion and new jobs, but concerns remain about the increase in fuel costs that ultimately will be passed on to consumers that could drag the economy back down. Despite the 12.1 percent unemployment …
ATCO Structures and Logistics of Alberta, Canada, is opening its third plant in the U.S., a 200,000 square foot facility in Pocatello, Idaho to meet growing demands for its modular buildings, according to IndustryWeek. Over 150 plumbers, electricians, and carpenters, plus office staff and additional production workers will be employed …
From Housingwire and CoreLogic, MHProNews.com learns that the number of mortgage applications filed in the U.S. jumped 4.8 percent for the week ending March 30. The reason, the Mortgage Bankers Association concludes, is more people started the process of buying a home. Refinancing was also on the rise with a …
From The Globe and Mail, we find a story depicting manufactured housing a bright spot in an otherwise gloomy housing market. According to the article, manufactured housing shipments in January rose to 60,000 on a seasonally adjusted annual rate, up 33 per cent over last year, but still off highs …
As reported by the Manufactured Housing Association for Regulatory Reform (MHARR), Texas leads the nation in terms of manufactured housing shipments. A report from the Federal Reserve Bank of Dallas helps explain why. Texas gained 24,600 jobs in February after adding 58,900 jobs in January. Current Texas employment stands at …
Leading the Nation in Manufactured Housing Demand, Texas Economy Shines Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), the manufactured housing industry rebound evident during the second half of 2011 has continued into February 2012, posting its seventh production increase in …
From the Observer in Dunkirk, New York, MHProNews.com learns that dealer Owl Homes has been named the largest in the state. Owl Homes of Fredonia was recognized by Commodore Homes Corporation as the largest single-lot dealer of modular and manufactured homes in the state of New York,. The company recorded …
An item on Housingwire points out a recent over “zestimate” by the real estate web site Zillow of a manufactured home in Sunnyvale, California. More than three times the asking price, the zestimate of $357,000 on the home at 600 E Weddell DrSPC 284 in Sunnyvale was probably in line …
From North Dakota and KXTNews comes a story about the demand for manufactured housing in the oil-boom state. Soon after new homes arrive on sales lots, they leave for site placement. The sales manager for one business told the reporter sales have tripled in the past year, most destined for …
Manufactured Home Demand Continues in Western North Dakota Read More
OriginationNews tells MHProNews.com Peter Carroll, the acting assistant director for the Consumer Financial Protection Bureau (CFPB) in charge of the Office of Mortgage Markets, is examining the Federal Reserve’s loan officer (LO) compensation rule. Jurisdiction for the rule was moved to the CFPB in July 2011 from the Fed’s control …
