MHI Week-in-Review reports from the halls of Congress that Rep. John Lewis (D-Ga.) introduced legislation (H.R. 1632) that would re-authorize and improve Assets for Independence (AFI), a federal grant program to help people out of poverty. The bill offers funding to repair substandard homes or replace them as well as …
Legislation in the News From the Manufactured Housing Institute (MHI) Read More
Following up on a story we ran May 6, Bluffton Today reports that Beaufort Construction, Inc., got the nod for building the six modular homes planned for a Bluffton, South Carolina, affordable housing project, just west of Hilton Head. The town has also received bids for homeowner consultants to screen …
Builder Selected for Modular Units in South Carolina Read More
The Vancouver Sun says that Viceroy Homes Ltd. is providing thousands of homes to earthquake and tsunami-stricken Japan with its Japanese partner of 17 years, Selco Homes, of Richmond, Ontario, Canada, just west of Ottawa. The thirty-square meter homes are each composed of 25-30 two-by-fours, plywood panels, and a steel …
Canadian Company Sending Temporary Modular Units to Japan Read More
TodaysTHV reports from Little Rock, Arkansas, that students from the Fay Jones School of Architecture at the University of Arkansas, in partnership with the Downtown Little Rock Community Development Corporation (CDC), spent this year designing and building a 1,000 square foot modular home to be used in an urban renewal …
Students Design and Build Modular Home for Little Rock Read More
The Dow closed up .52 percent on news of rebounding commodity prices to close at 12,695.92, as housing stocks all closed up or even. Palm Harbor Homes led the charge with a gain of 8.70 percent, followed by Skyline Corporation up 2.53 percent, Cavco gained 1.60 percent, Nobility Homes was …
The Tampa Bay Business Journal says Deer Valley’s (NYSE:DVLY) revenue for first quarter 2011 was $4.4 million, down from the same period last year of $6.1 million, a 29 percent decline. However, net income was $134,761, one cent a share, a marked improvement over the $2.3 million loss last year …
The New England Real Estate Journal reports the Boston office of Goedecke & Co., LLC, has arranged $17 million in financing for the construction of 53 modular housing units in downtown Reading, Massachusetts, a northern suburb of Boston. The project will have underground parking, and the first floor will feature …
Financing Arranged for Boston Area Modular Apartments Read More
Virtual Press Office reports from Great Britain that building officials are discovering modular building methods are gaining in popularity due to increased efficiency, sustainability and economy. Research by the Building Cost Information Service (BCIS) on behalf of the Royal Institute of Chartered Surveyors (RICS) says 63 percent of traditional building …
The Pemberton News in Pemberton, British Columbia, Canada says funding for the 22-unit modular senior apartment complex has been completed and will now be built. The federal and provincial governments had provided funding, but the units were to be built in a floodplain that required additional funds. The Pemberton Lions …
The National Association of Home Builders (NAHB) says its 55+ Housing Market Index indicates that the expectation for single-family homes construction remains low. This quarterly report by the NAHB Economics and Housing Policy Group says people who may want to live in a smaller home cannot sell the larger one …
Survey Says Single-family Building Stalled, Multi-Family Building Expanding Read More
Following President Obama’s disaster declaration for specific counties in Tennessee and Missouri, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has offered speedy government assistance to people in those jurisdictions ravaged by the tornadoes last month, specifically to home-owners and low-income renters. The provisions include diversion of Community …
Federal Government Offering Rebuilding Assistance Following Tornadoes Read More
The Canadian Press reports that manufactured community owner Killam Properties (TSX:KMP) of Halifax, Nova Scotia, Canada says its earned net income for Q1 2011 was $16.5 million, up from last year’s first quarter of $6.4 million. The share valued increased year over year from .16 cents a share to .35 …
Treasure Coast Newspapers reports that Ocean Breeze Park, an incorporated pre-HUD code community on Florida’s eastern shore just south of Fort Pierce, lost 23 percent of its population between 2000 and 2010. Founded in 1938 by Harry and Queena Hoke as a 55-plus community, it was incorporated as a town …
Cooperative Community Coping with Decrease in Residents Read More
The Somerville Patch of Somerville, Massachusetts, reports a 15,000 square-foot vacant lot will soon be home to a nine unit modular housing building on Cedar Street. Plans have been approved by both the Planning Board and the Zoning Board of Appeals, and the foundation will be poured once the city …
Modular Housing Building Going Up in Suburban Boston Read More
In noting the 13 percent drop in manufactured housing in the first quarter of this year over 2010, and the continued decline in the industry before the broader housing crisis settled in, the Manufactured Housing Association for Regulatory Reform (MHARR) will issue a series of briefs and fact sheets about …
MHARR to Issue Series of Needed MHIndustry Changes Read More
The site near the Tunica Manufactured Housing Show in Tunica, Mississippi, has been flooded by the recent rising tide of the Mississippi River and its tributaries. Yahoo! News shows pictures of the flood waters around the casinos, and notes that the state earns $10 million a month in taxes from …
Mississippi Manufactured Housing Show Site Flooded Read More
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was …
The Dow rose for the third straight day upon news of Microsoft buying Skype and positive corporate earnings reports, and most housing stocks gained as well. The Dow gained .60 percent to close at 12,760.36. In housing stocks, Palm Harbor gained 3.45 percent, Sun Communities was up 2.74 percent, Skyline …
International Business Times reports that Housing and Urban Development (HUD) Secretary Shaun Donovan says there are 1,000 foreclosed homes in Alabama that could be available to house people left homeless by the April 29 tornadoes. Although the government does not have an exact number of how many people are …
Foreclosed Homes May House Alabama Tornado Victims Read More
RV Business says Democratic U.S. Representative Joe Donnelly of Indiana will make a run for the U.S. Senate seat now held by Republican Senator Richard Lugar. Rep. Donnelly’s website says from June, 2010, in part: “Congressman Donnelly has been an advocate for the manufactured housing industry, a vital part of …
Friend of Manufactured Housing to Run for U.S. Senate Read More
