News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
The Franklin County (Missouri) Planning and Zoning Commission rejected a conditional use permit (CUP) plan to replace a series of duplexes, senior apartment and Korean-syle huts with single and multi-section manufactured homes for a 110-acre retreat complex for the National Association of Intercultural Family, Inc. (NAICFM). Initially approved in 2007, …
Planning Commission Rejects Manufactured Home Proposal Read More
A request by the owner of residential property in Pierce City, Missouri to re-zone the land as a manufactured home community (MHC) was denied by the city’s aldermen, which is keeping the owner from filling two vacant home sites. A local ordinance requires an empty slot to have a replacement …
Attempt to Replace Vacated Manufactured Home Sites Denied Read More
The homeownership rate among young adults ages 18-34 has fallen to a new low, 13.2 percent, as Millennials continue to live in their parents’ basements. In 2014, according to Census Bureau data compiled by trulia.com, 31.1 percent of this age group lived with their parents, a slight decline from 31.2 …
The huge splash made by Alibaba’s IPO evidently drowned out most everything else, although the Dow Jones Industrial Average managed enough gain, +0.08 percent, +13.75 points, to set another new high, ending the week at 17,279.74. The Nasdaq slipped -.30 percent, -13.64 points, to end the day at 4,579.79, while …
Employees of manufactured housing component supplier Lippert Components, Inc. of Elkhart, Indiana participated in the annual JDRF (Juvenile Diabetes Research Foundation) Walk to Cure Diabetes, raising over $15,000 for research into a cure for Type 1 diabetes. According to rvbusiness.com., around 200 employees and their families took part in the …
Lippert Contributes to RVs, MHs and Community Charities Read More
Updating a story MHProNews last posted Sept. 5, 2014 about the dispute between Ratner and Skanska in New York City that has brought to halt the construction of the largest modular tower in the world, concern is growing that if the project fails, financing for future modular projects may be …
MHProNews has learned that John Paul Builders of Brick Township, New Jersey, is building five modular homes in New York and New Jersey using Eco Building Products’ treated wood product that is protected from mold/mycotoxins, fire, water, fungus, rot and wood-ingesting insects. Calling them “defensive building materials, ECO says its …
Defensive Building Materials used for Modular Homes Read More
Four members of the manufactured housing industry were honored at the recent Manufactured Housing Institute (MHI) annual meeting Sept. 14-16 for their outstanding contributions to the industry. Dick Ernst, president of Financial Marketing Associates, received the MHI Chairman’s Award from MHI Chairman Nathan Smith. A longtime member of the MHI …
Four MH Industry Members Honored at MHI Annual Meeting Read More
William Matchneer, formerly senior counsel with the Consumer Financial Protection Bureau’s (CFPB) division of research, markets and regulations, has joined the law firm of Bradley Arant Boult Cummings in their litigation and compliance practice group. In addition to serving as team lead for implementation of the Dodd-Frank Act at the …
William Matchneer leaves CFPB for Bradley Arant Boult Cummings Read More
The next round of the Obama Administration’s Promise Zone applications will be discussed Friday, Sept. 19 at 11 AM eastern time by U. S. Housing and Urban Development Secretary Julian Castro, Department of Agriculture Secretary Tom Vilsack, Department of Transportation Secretary Anthony Foxx, Senator Bob Casey of Pennsylvania and Rep. …
Promise Zones Set to Expand to other Struggling Communities Read More
The U. S. is reveling in one of the most lucrative stock market runs in it history, but the recipients of this largesse are primarily white, college-educated individuals who are already well off, leading to discussions of income inequality, especially by those who did not gain. Meanwhile, the Dow Jones …
Drew Advances Modestly; Dow and S&P reach new Historical Highs Read More
The U. S. Department of Housing and Urban Development (HUD) and the Census Bureau inform MHProNews housing starts fell in all four regions of the country in August by 14.4 percent to a seasonally-adjusted annual rate (SAAR) of 956,000 units. Multifamily production led the downward trend, falling 31.7 percent, while …
Scottish company ECHO makes modular pods of local lumber under one hundred square feet each that can be stitched together to make the home any size desired, according to fastcoexist.com. Insulated with sheep wool, the homes are built on stilts to allow placement in any terrain. Says founder Sam Booth, …
Scottish Modular Homes use Sheep Wool for Insulation Read More
In the largest increase since November of 2013, the 30-year fixed mortgage rate rose 14 basis points from one week ago to 4.19 percent, although it peaked on Sunday at 4.30 percent and then fell, according to worldpropertychannel.com. Erin Lantz of Zillow says the rates hit a five-month high last …
The Modular Building Institute (MBI) has chosen the Ruth Lake Lodge north of Fort McMurray in Alberta, Canada as its Building of the Month for Sept. 2014, according to realestaterama.com. Providing housing for employees of the Athabasca Oil Sands industries and visitors to the area, the complex has over 600 …
Ruth Lake Lodge honored as Modular Building Institute Building of the Month Read More
In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is …
Sun Communities to Sell Six Million Shares to Fund Acquisition Read More
In an attempt to turn around its eighth consecutive year of multimillion dollar losses, manufactured housing producer Skyline Corp. is rolling out a new line of recreational vehicle (RV) models at this week’s Elkhart County RV Open House. Based in Elkhart, Indiana, the company has focused more on its MH …
With news that the Federal Reserve will not raise interest rates before the summer of 2015, although the quantitative easing that provides stimulus to the economy will likely cease before year’s end, Dow Jones Industrial Average hit a record high above 17,200, gaining +24.88 points, +0.15 percent, but closing just …
Volatile Skyline Drops again, MH Composite Rises, Dow Hits New High but falls back Read More
The Upson County Planning Commission in west central Georgia conditionally approved rezoning of a manufactured housing community (MHC) to allow the community to expand. The 51-acre site has been zoned legal nonconforming for single-family residential, but did not allow any new manufactured homes to come in, nor be replaced if …
Georgia Planning Commission Approves Expansion of MHC Read More
Notching its highest reading since Nov. of 2005, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) tells MHProNews builder confidence in the market for single-family homes rose four points to 59. The HMI gauges builder perceptions of current single-family home sales, sales expectations for the next six …
Builder Confidence in Single-family Homebuilding Rises Read More
