Pray’s Homes, longtime retailer of manufactured and modular homes in Belfast, Maine has changed hands as of July, 2016, according to waldo.soup. Charlie Pray, who bought the business in 2008 when the housing market was in a tailspin, managed to survive the Great Recession, and will stay on for a …
“It’s the Fed’s conundrum,” said Diane Swonk, CEO of DS Economics, per CNBC. “The markets are pricing in easing infinity. If they raise rates, they could destabilize the markets. If they don’t raise rates, they’re feeding a bubble. It’s a hard place to be in,” she said. Barclays’ chief U.S. …
Drew, Manufactured Housing CompValue and Dow rises – Is Fed Easing to Infinity? Read More
The Sicamous District Council in southeastern British Columbia, Canada, has voted to allow manufactured homes (MH) in a single-family residential zoned area, as eaglevalleynews informs MHProNews. Concerns of neighbors that their property would be devalued by these MH that do not require a foundation or crawl space failed to convince …
Canadian City Allows Manufactured Homes in Area Zoned Single-family Residential Read More
The San Jose (Calif.) City Council is considering siting 102 tiny modular homes for the homeless in an area designated for affordable housing, much to the consternation of businesses and neighbors who fear a rise in criminal activity and blight in an already struggling neighborhood. However, city housing officials expect …
San Jose CA set to Vote on Modular Homes for the Homeless Read More
REITs beat the S&P 500 and could return up to 13% in the next year, MarketWatch informed MHProNews. Housing starts rise to second-highest rate since recession. Meanwhile the Fed’s Dudley says September rate hike ‘is possible’ as the CPI remained unchanged in July. Daily results place stocks at a lower …
REITs beat S&P 500 with Promising Forecast for the Year Read More
Decatur Pilot, a nonprofit subsidiary of the Decatur (Illinois) Housing Authority, is developing eight modular homes at a cost of $2 million near the Oakwood business district which will revitalize that neighborhood. It will also provide low income housing for families who qualify, those earning $35,000 to $75,000 annually, according …
Eight Modular Homes for Low-income Families Rising in Illinois Read More
The Dow Jones Industrials and the Nasdaq logged record closes. Various stocks closed at record heights, which MarketWatch tells the Daily Business News was triggered by a rise in oil prices. The extended gains of U.S. stocks also saw parallels in the rise in Treasury yields, and many MH stocks …
Skyline Up, Manufactured Housing CompValue (MHCV) Mirrors Dow Read More
Affordable housing is defined as housing and utility payments falling under 30 percent of monthly household income. Colorado’s Durango County Planning Commissioners see manufactured homes as being a good fit for that important need, the Pine River Times tells MHProNews. Challenges in their market include the rising costs of conventional …
Commissioner sees Manufactured Homes and Communities as Affordable Housing Solution Read More
What’s New in public focused Manufactured HomeLivingNews.com Comparing Tiny Houses vs Manufactured Homes – Function and Value vs. Fashion What’s New in Manufactured Housing Industry Professional News Children of home owners more likely to own homes. Trump tells NAHB he identifies with them. Residents of closing community continue trying to …
Sunday Morning Recap-Manufactured Housing Industry News Aug 7-Aug.14, 2016 Read More
MarketWatch informed MHProNews that the Dow industrials hit an intraday record of 18,638.14. U.S. stocks post modest weekly gains, while Nasdaq hits record. Jump in oil prices causes U.S. stocks to climb to all time highs – assisted by lower jobless claim figures. The Dow and S&P 500 closed the …
Boston already has 150 microunit apartments—housing units under 450 square feet– with 200 more on the way, but according to bostonherald, a new 385 sq ft module designed collaboratively by the city’s Housing and Innovation Lab, the Boston Society of Architects (BSA) and developer Livelight could play a huge role …
Modular Apartments may Alleviate Boston’s Housing Crunch Read More
A manufactured home retailer recently contacted MHProNews on condition of anonymity, with a very specific concern about the validity of a loan approval. The loan in question was made with restrictions by the lender on a manufactured home (MH) shopper. The applicant reportedly was a senior citizen, the consumer was …
Discrimination? Was a Limited MH Loan Approval Legal? MHProNews Investigates Read More
All three major stock indexes close at records for first time since 1999, as MarketWatch revealed to MHProNews. Treasury yields jump the most in a week, as stocks hit new records. HSBC advises investors to look where companies make their revenue. Reports reveals that certain REIT stocks are suffering from fear …
Cavco Industries biggest gainer as Manufactured Housing CV climbs Read More
Phoenix, Arizona based Cavco Industries, Inc. (NASDAQ:CVCO) released key figures and financial highlights for the first fiscal quarter, which ended July 2, 2016. Cavco management followed their August 09, 2016 release of SEC reported filings with a conference call to discuss the results in further detail. Key points released by …
The Elkhart, IN based RV/MH Hall of Fame has released more details this week about their plans for their Northern Indiana Event Center, Inside Indiana Business tells MHProNews. RV/MH Hall of Fame staff projects they will triple the available space, to take advantage of the lucrative event-planning market. Darryl Searer, …
RV/MH Hall of Fame Releases Expansion Plans for Northern Indiana Event Center Read More
Writing in idahostatesman, Jerry Brady, a business man and member of Compassionate Boise, having once “snobbishly dismissed” manufactured and modular homes as flimsy and unworthy, now realizes with a shortage of some 10,000 affordable homes in south and south-central Idaho, says, “I can’t do that any longer. If you dream …
Modular Housing Suggested for 10,000 Affordable Housing Shortage Read More
Stocks ended slightly lower, MarketWatch informs MHProNews, dragged by slumping oil prices, while Treasury yields post the largest 2-day decline in a month. The 2016 Presidential Elections are being blamed for a slow down in sales. The dollar weakens, as investors bet the Fed won’t hike rates in 2016. Meanwhile …
Nobility Homes rising, The Carlyle Group slips and Manufactured Housing CV dips Read More
Minnesota’s temporary family health care housing law will allow a modular or manufactured home or recreational vehicle to be sited on the property of a relative, legal guardian or caregiver for up to one year, as MHProNews has learned from abcnewspapers. The law would allow a structure of up to …
Manufactured Home can Provide Temporary Health Care Read More
Elkhart, Indiana based Drew Industries (NYSE:DW), a leading supplier of RV and manufactured housing industries components, has announced their second quarter results. According to their August 9th, 2016 SEC filing by Chief Financial Office (CFO) David Smith, their Board of Directors approved a regular quarterly cash dividend of $0.30 per …
In May of 2014 spring melt flooding on the Albany River drove 450 Kashechewan First Nation residents living in Northern Ontario, Canada out of their homes and into temporary quarters in Kapuskasing, according to what cbc.ca tells MHProNews, at a cost to the government of $350,000 monthly. Earlier this spring, …
Kashechewan First Nation getting Modular Homes following Major Flood Read More
