Four modular apartments to be built in Naramata, British Columbia (BC), Canada will provide affordable housing for seniors and persons with disabilities, continuing an ongoing trend of the Senior’s Rental Housing initiative. Federal and provincial governments contributed a combined total of approximately $720,000 through an amendment to the Canada-British Columbia …
HousingWire tells MHProNews.com while 145 of 146 markets tracked by the National Association of Realtors (NAR) showed a drop in inventory of single-family homes, condos, and town homes by 23.2 percent in January 2012 from a year ago, the median list price fell $2,500 to $185,500 Dec. 2011 to Jan. …
Homes for Sale Inventory and Median Price both Fall Read More
Benzinga tells MHProNews.com that Nobility Homes, Inc. received a letter of non-compliance from NASDAQ because the company did not file the required Annual Report on Form 10-K with the Securities and Exchange Commission (SEC) for the period ending Nov. 5, 2011. The letter, received by Nobility Feb. 10, 2012, says …
MHProNews.com has learned from MarketWatch that MHC owner Sun Communities, Inc., of Southfield, Michigan has purchased three RV communities in Florida for $25.0 million cash. The acquisition includes 488 permanent RV sites and 636 seasonal RV sites which are in Bushnell, Orange Lake, and Hudson Florida. When combined with the …
Investors stayed on the sidelines in advance of a key vote on the proposed bailout of Greece. The Dow Jones Industrial Average gained 45.72 points, +0.35%, to close at 12,949.87. CNNMoney tells MHProNews.com the Nasdaq lost -0.27% to 2,951.78, while the S&P rose 0.23% to end the week at 1,361.23. …
Dow Relatively Quiet as Patrick Ind. And Nobility Homes Sound Read More
According to SeniorHousingNews, with health care costs rising and the economy still not thriving, “Granny pods” may start appearing in your neighbors’ backyards. Small modular homes, Med-Cottages, 288 square feet, outfitted as needed for the particular resident, assembled in a backyard, can give seniors a sense of independence while keeping …
In an op-ed piece in Statesman of Austin, Texas, Ed Wendler, Jr. says the most important issue in the upcoming city council elections should be affordable family housing. As a developer in a city where rents increased 7.2 percent last year and are expected to continue rising the next three …
USAToday tells MHProNews.com sustainable, energy-efficient home-building has increased in the wake of actor Brad Pitt’s founding of Make It Right, a response to the housing needs of victims of Hurricane Katrina in New Orleans. Living Homes of California has developed a modular 1,232 square foot home with three bedrooms and …
Despite fears of the European debt crisis and Greece’s continuing bailout problem, positive U.S. economic data in the employment and housing sectors helped drive the Dow Jones Industrial Average up nearly one percent, 123.06 points. to close at 12,904.01. “People know and are still fearful of the European Union crisis, …
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has …
Robert Ludgate, Jr., the Alsace Township engineer in Temple, Pensnsylvania says he has agreed to table a township requirement for manufactured homes at the Urban Acres Mobile Home Park to have exterior cast-iron sewer traps. MHC owners Erica and Kevin Ernst told the township supervisors of the 75 homes in …
From RV Business, MHProNews.com learns about a new campaign for the RV industry. According to the article, custom-produced RV travel and camping vignettes will be a key element of Go RVing’s all-new “AWAY” campaign launching this month. A dozen vignettes will air on networks including SPEED, Great American Country, the …
A source has informed MHProNews.com that Apex Homes, Inc. of Middleburg, Pennsylvania, a modular home builder, filed for reorganization under Chapter 11 bankruptcy the end of January. Calls to Apex for confirmation were referred to an asset management company, which did not immediately return calls. Apex has been in business …
CNNMoney tells MHProNews.com U.S. markets moved up following the Greek government’s approval of an austerity package that will increase the government’s chance of more bailout money and thereby prevent default. The Dow Jones Industrial Average gained 72.81 points, +0.57 percent, to close at 12,874.04. The Nasdaq gained just under one …
Greek Good News Lifts Dow; Drew Industries Gains as Well Read More
Hurt by high material and production costs, Drew Industries, Inc. announced fourth quarter earnings lower than expected. According to information MHProNews.com has received from Reuters, the RV and MH component maker saw net sales rise 50 percent to $160 million, and income rise by $1 million to $4.1 million over …
ModularHomeCoach informs MHProNews.com Canadian modular home builder Alouette Homes has been acquired by Quebec modular homes manufacturer Bonneville Homes. According to Danny Bonneville, co-president of Bonneville, “This acquisition will double the size of our production facilities and allow us to move forward with the ambitious growth program we introduced a …
Realtors say that housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions. Introduced with this release is a new annual metro-level housing affordability index, with historically favorable conditions …
Realtors: Fourth Quarter Metro Area Home Prices Boost Affordability Read More
As follow up on a story we published Feb. 6, Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), tells MHProNews.com house bill 593 that would create a fund to assist consumers purchase manufactured housing passed out of the subcommittee by a 3-0 vote. Committee member Jeff …
MoneyNews tells MHProNews.com Sam Zell, CEO of Equity Lifestyle Properties says if the government had not stepped in to try and solve the housing market problems we would have a healthy market today. He says government intervention prevented the market from clearing itself. “We are the only country in the …
Sam Zell: Government Programs Prevent Housing Recovery Read More
CNNMoney tells MHProNews.com good news from Greece concerning their austerity plan gave breathing room to U.S. investors who watched the U.S. markets zig-zag all day, but it finally edged up on the plus side. The Dow Jones Industrial average gained +0.05 percent to close at 12,890.46, while the Nasdaq gained …
U.S. Stocks Edge Up; Patrick Ind. and Louisiana Pacific Post Gains Read More
