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.
Although the tornadoes that hit the Platteville, Wisconsin area June 16, 2014 were not damaging enough to prompt a federal disaster declaration, which would bring in the Federal Emergency Management Agency (FEMA), the damage from those tornadoes, the June 29 tornado and damaging winds June 29-30 are sufficient to qualify …
Organization will Fund Repair of Manufactured Homes Read More
The National Low Income Housing Coalition suggests modifying the 100+ year-old mortgage interest deduction (MID), and instead of eliminating it, cut the maximum mortgage amount that can have interest deducted from it from $1 million to $500,000 and use the savings to support affordable housing, especially for the homeless. Rep. …
End Homelessness by Modifying the Mortgage Interest Deduction? Read More
After dropping over 100 points in yesterday’s trading, investors hit the buy button and the Dow Jones Industrial Average regained +78.99 points, +0.47 percent, to end the day just shy of the 17,000 mark, at 16,985.61, while the Nasdaq moved up +27.57 points, +0.63 percent, to close at 4,419.03. The …
Skyline Rises, Nobility Falls; Dow, Nasdaq, S&P all Nudge up Read More
The race for Delaware’s House of Representatives District 37 is pitting incumbent Republican Ruth Briggs King against manufactured housing community (MHC) resident and Democratic challenger Paulette Rappa in the Nov. election. King was first elected to the House in 2009, served on several legislative committees and is the Executive Director …
Manufactured Home Communities at Issue in Delaware Election Read More
Following a story MHProNews posted Feb. 28, 2014 about the closing of Spruces Mobile Home Park in Williamstown, Massachusetts due to persistent flooding, a Federal Emergency Management Agency (FEMA) grant that triggered the closing will help provide the building of replacement housing with eight of the 14 households tagged for …
Manufactured Housing Community Closing Spurs Affordable Housing Project Read More
Once the Federal Reserve began tapering its purchase of Treasury bonds last December, analysts expected mortgage rates to begin rising, but as CNNMoney reports, they have fallen to 4.12 percent for a 30-year fixed-rate loan this week, the lowest since Oct. of 2013. The rate on 15-year loans remained unchanged …
The Greater Las Vegas Association of Realtors (GLVAR) reports 34.7 percent of all existing local homes sold in June were purchased with cash, a drop from 40.2 percent in May, and a considerable decline from the Feb. 2013 peak of 59.5 percent. It has not been that low since July …
Although construction spending grew insignificantly in May—a mere 0.1 percent—and private residential spending fell 1.5 percent for the same month, following an increase of 0.5 percent the previous month, analysts speculate that residential construction will rebound in the coming months, making the overall market for homes more competitive, according to …
The RV/MH Hall of Fame Selection Committee announces it is accepting nominations for the Class of 2015. “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.,” says Darryl Searer, president of the Hall of Fame. …
Tech stocks rallied downward with Twitter leading the charge, losing over seven percent in today’s trading, as the Nasdaq fell -1.35 percent, -60.07 points, to close at 4,391.46, while the Dow Jones Industrial Average dropped -117.59 points, -0.69 percent, to end the day under 17,000 at 16,906.62. CNNMoney tells MHProNews …
ELS Edges Up; Nasdaq Leads Downward Charge in Today’s Trading Read More
MHProNews has learned from insurancejournal.com Charleston, South Carolina-based insurer Johnson & Johnson has named Cathy Parmley vice president of operations in charge of the company’s internal work flows and allocation of resources for commercial and personal lines. With 20 years of experience at the company, she mostly recently served as …
Following a story MHProNews last posted June 27, 2014 regarding the Millennial generation living with their parents, Harvard University’s Joint Center for Housing Studies reports the decline in homeownership rates among 25-34 year-olds fell nearly eight percent from 2004-2013. Similarly, among 35-45 year-olds the rate fell nine percent. Real median …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financial results for Q2 2014 on Wed., Aug. 6, 2014 after the close of the market. A conference call discussion of the results will follow on Thurs., Aug. 7, 2014 at 10:00 AM, according to wsj.com. Killam is …
The Virginia Manufactured and Modular Housing Association (VAMMHA) tells MHProNews a new law that took effect July 1 alters the process for converting manufactured homes (MH) to real property, and also allows homes to be retitled once they have been severed from real property. Conversion requires surrendering the title to …
Virginia has New Laws Re: Converting MH to Real Property Read More
With a previous focus on permanent and re-locatable modular buildings for military, governmental, commercial and administration applications, ICON Construction of McKinney, Texas is moving into the arena of modular dormitories for student housing. According to multihousingnews.com, modular construction allows for flexible floor plans, relocation from one campus to another and …
Christine Romans of CNNMoney reports almost half of residential real estate deals in the first quarter of 2014 were “swaggering cash buyers, investors from overseas, private equity funds, wealthy individuals,” who comprised a record high 42.7 percent of the purchases. First-time homebuyers were not a significant part of the housing …
Home Cash Buyers Big in Q1; Housing Market a “Crapshoot” Read More
The Dow Jones Industrial Average managed to stay above the 17,000 mark, as it nudged down -44.05 points in today’s trading,-0.26 percent, to end at 17,024.21. As CNNMoney informs MHProNews, the Nasdaq slipped -34.40 points, -0.77 percent, to close at 4,451.53, while the S&P edged down -7.79 points, -0.39 percent, …
Jeff Luchetti Construction began JL Modular nine years ago and is now taking it to a higher level with a 45,000 square foot factory on tap to open this fall in Windsor, California to meet growing demand for modular facilities, especially schools that need more classroom space, according to northbaybusinssjournal.com. …
Modular Construction Facilities Expanding in California Read More
Volunteers in Clinton Township, Michigan, just north of Detroit constructed a ramp to the manufactured home of Christian Falk so her 39 year-old amputee/stroke victim son could exit the home in his wheelchair, as told to MHProNews by macombdaily.com. Clinton Township Fire Chief John Shea, who initiated the project after …
Wheelchair Ramp Built for Manufactured Home by Volunteers Read More
In February, 2014 after occupancy at the 55+ Capital Estates manufactured housing community (MHC) in Sacramento, California dropped to 70 percent, the owners decided to convert the community into an all-age MHC, much to the dismay of current residents, as sacbee.com informs MHProNews. Community owners can legally drop the the …
Sacramento Senior MHC Converting to All Age Community Read More
