The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews.com according to the Department of Housing and Urban Development (HUD) statistics, the MH industry posted its sixth straight month of production increase. Numbers for Jan. 2012 show HUD Code manufacturers produced 3,983 homes, a 42.5 percent gain over the …
The Senate Banking Committee was told by the National Association of Federal Credit Unions (NAFCU) of their opposition to mortgage reform that would eliminate the federal guarantee on mortgages through Fannie Mae and Freddie Mac and other GSEs (government-sponsored enterprises). The plan originally endorsed by the Obama administration would promote …
The Pallet-House has designed transitional, modular dwellings utilizing the pallets on which emergency food, clothing, and other supplies are delivered to disaster scenes for as little as $500. TreeHugger says the pallets can also be re-made into compact, affordable housing for up to $3000 using a few power tools. The …
Western U.S. supplier of axles, tires and set-up equipment to the manufactured housing industry, T.J.T., Inc., of Eagle, Idaho announced the opening of its new axle recycling plant in Emmett ID. The company’s president and CEO, Shawn King, sates, “We designed and built a modern, safe, and much more productive …
WillistonHerald in North Dakota reports that Rugby Homes, in business since 1963 and selling RVs in Williston for six years, has hired a full time salesman to sell modular and manufactured housing for the North Dakota-based company. The oil boom in the area, as we have reported previously, has created …
According to InsideIndianaBusiness, MH component manufacturer Patrick Industries, Inc. of Elkhart, Indiana has acquired Décor Mfg LLC for $4.4 million. Todd Cleveland, president and CEO of Patrick, says of the Tualatin, Oregon company: “The Oregon market is significant in terms of RV market potential as it relates to overall Northwestern …
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down on reports that China lowered its anticipated market growth. Last year it grew 9.5 percent, but is not expected to exceed 7.5 percent this year. The Dow lost -0.11 percent to end the day at 12,962.81. The Nasdaq moved down …
Cavco Ind. and MH Composite Gain while Dow Stutters Read More
DSNews tells MHProNews.com the loosening of credit this year will lead to the end of the housing crisis, according to analytics firm Capital Economics. Noting the consistency of credit scores and credit requirements over the past year, banks now lend up to 3.5 times borrower earnings, up from 3.2 times …
Global Industry Analysts, Inc. estimates the global prefabricated housing market will hit 829,000 units by 2017. DigitalJournal tells MHProNews.com the U.S. and UK have the majority share of the market, but Australia and New Zealand are the pioneers in the Asian market, although Japan, China, Taiwan and Korea have burgeoning …
A credit union in Michigan is reaching out with their Turning Point Home Loan to people with lower credit scores but with enough financial stability worth the risk. Michigan First CU’s vice president of lending, Chris Maynard says, “Take members who lost their job at the height of the financial …
ClosetsDaily tells MHProNews.com Salem, Oregon modular home builder Ideabox offers factory-built homes designed to incorporate IKEA interiors. Working with an IKEA dealer in Portland, OR, co-owner Cindy Russell says, “We design the layout and our clients can select the colors. Homes are complete when they leave the factory, ready to …
Positive news about jobless claims and retail spending initially sent the market up, but an index of manufacturing activity tempered the news, although the Dow Jones Industrial Average still managed to climb 28.23 points, +0.22 percent, to end the day at 12,980.30, according to CNNMoney. The Nasdaq moved up +0.74 …
Dow Edges Up, MH Composite Moves Down, Tracked Housing Mixed Read More
MHProNews.com has learned a National Modular Housing Council report indicates shipments for modular homes were up 7.9 percent fourth quarter 2011 over the same period 2010, to 3,030 units. During that year, eleven states showed increases, eleven had decreases, and seven states had insignificant change. Nebraska, Maryland, Texas, and Virginia …
The Great Southwest Home Show opens today at the QuikTrip Center in Tulsa with dozens of the newest manufactured homes on display from the nation’s top builders, vendors offering support product and services, and seminars and workshops dealing with financing, attracting new clients, appraisals, MHC management, and expanding your inventory …
IndyStar reports that Shrum’s Manufactured Housing Center on U.S.40 west of Indianapolis was bought by real estate investment firm Platinum Financial Trust at auction Wednesday. The 12.4 acre site on a major commercial corridor near the Indianapolis International Airport went for $230,000 at the bank-ordered sale. MHProNews.com has learned the …
After 43 years, Santiam Homes in Aumsville, Oregon, is transitioning out of business and it’s location will be taken over by J & M Homes, which offers new and repossessed manufactured homes, as well as real estate, financing and construction in-house. The Statesman-Journal tells MHProNews.com Santiam’s owners, Ken and Janet …
Palomar Modular Buildings, a Texas based direct manufacturer of custom commercial modular buildings, has announced the development of a multi-use dining facility for remote oilfield housing camps. The company says a series of designs will allow food service companies and property management groups to provide man camps with an all …
Palomar Modular Buildings Announces Multi-use Dining Facility for Oilfield Housing Camps Read More
WesternOne Equity Income Fund has announced that the first modular buildings are rolling off the production line in its Waco, Texas facility of its WEQ Britco LP division. The plant in Texas, which had been idle for three years before Britco purchased it in September 2011, now has 80 employees. …
One of the largest manufacturers of commercial modular buildings in North America, WesternOne Equity Income Fund’s Britco division acquired a new facility in Edmonton, Alberta, Canada and one in Waco, Texas in recent months. Headquartered in Langley, British Columbia, the company is currently involved in producing 280,000 square feet of …
Despite an unexpected sizable drop in durable goods orders, CNNMoney tells MHProNews.com the Dow Jones Industrial Average crossed the 13,000 mark for the first time in almost four years to close at 13,005.12, gaining 23.61 points, +0.18 percent. The Nasdaq moved up +0.69 percent, +20.60 points, to end the day …
Dow Crosses 13 Grand and Sticks; Housing Stocks Mostly Down, but Mixed Read More
