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.
RealtyTrac reports for the first three months of 2014, 43 percent of all home sales were cash deals, up 19 percent from a year ago, and the highest level since the analysis company began tracking cash sales in early 2011. Cash buyers are more attractive to sellers due to quicker …
The Dow Jones Industrial Average rose initially following Fed Head Janet Yellen’s remarks to the Senate, but settled back to a modest gain of 32.43 points, +0.20 percent in today’s trading to close at 16,550.97. The tech-heavy Nasdaq slipped -16.17 points, -0.40 percent, to end the day at 4,051.50, while …
Dow Posts Modest Gain; Patrick Industries Drops 3.39% Read More
The National Association of Home Builders (NAHB) reports their most recent single-family 55+ Housing Market Index (HMI) is up the first quarter of 2014 to 50, the highest Q1 reading since the survey of builders’ confidence began in 2008. It is also the tenth consecutive quarter of year over year …
Writing in the Opinionator section of The New York Times, Andrea Levere says 18 million people with an average median income of $30,000 live in factory-built housing, making it the largest source of unsubsidized affordable housing in the U. S. Although over 70 percent own their own homes, most who …
New York Measure Seeks Financing Parity for MH and Site-built Read More
In a split vote, the Neighborhood Conservation District Committee (NCDC) of New Orleans approved the demolition of two houses on the campus of the Lusher Charter School to be replaced with temporary modular units for student housing. MHProNews.com has been informed the site would then become green space. One committee …
Federal Reserve Chair Janet Yellen is optimistic about the U. S. economy as a whole, but expresses caution about the housing market, noting it has been a key part of the recovery since 2011 but has fallen short this year, according to CNNMoney.com. Noting that warmer weather may not be …
Federal Reserve’s Janet Yellen Concerned about Housing Market Read More
Mike Taylor of Pacific Manufactured Homes in Beaumont, California says the mix of those buying manufactured homes is shifting from first-time buyers to vacation or second-home buyers and to people downsizing who may be looking to retire. The California Manufactured Housing Institute (CMHI) reports 70 percent of the sales are …
The Dow Jones Industrial Average gained over 100 points in today’s trading as Blue Chip stocks performed well, while the tech-heavy Nasdaq had the blues, slipping -13.09 points, -0.32 percent, to end the day at 4,067.67. CNNMoney tells MHProNews the Dow gained -117.52 points, +0.72 percent, to finish the day …
Skyline Corp. Falls, Berkshire Hathaway Gains the Most of Tracked Stocks Read More
Following a story MHProNews last posted May 5, 2014 regarding ongoing problems at Meadowbrook Park manufactured housing community (MHC) in Richmond, Maine, the state’s Manufactured Housing Board (MHB) unanimously voted to revoke the license of owner Russ Edwards after chastising him for poor management of the community going back to …
License to Operate Manufactured Housing Community Revoked Read More
The Ohio Manufactured Homes Association (OMHA) presents the “Showcase of Factory Built Homes” at the MAPS Air Field and Museum in North Canton, Ohio, May 16, 17 and 18. Featuring 20 fully furnished and landscaped homes representing 14 factory built homebuilders. The 45 indoor exhibitors will include lenders, MH communities, …
HUD Code & Mods Featured at Eastern Ohio Home Show Read More
The city council of Hayward, California has approved a new measure regarding the closure of manufactured home communities (MHC), according to contracostatimes.com. The new guidelines would require the owner to pay the full relocation costs of the home, including installation expenses, lodging during the move, as well as first and …
City Imposes Stiff Measures on Closing a Manufactured Home Community Read More
In January 2014, interim managers at Lexington, Washington’s Tim Wa Estates manufactured home community (MHC) banned a group of residents, called Helping Hands, from assisting elderly and ailing neighbors with household chores and minor repairs, citing the community’s anti-soliciting rules. MHProNews.com has learned from tdn.com in April, managers began requiring …
Managers Removed from Tim Wa Estates MHC in Washington Read More
Homark Homes of Red Lake Falls, Minnesota is investing $6 million to expand its construction of modular and manufactured homes to include multifamily modular housing. The Minnesota Department of Employment and Economic Development will assist with the expansion of the facility to the tune of $456,000, providing Homark creates at …
Homark Homes Expanding to Include Multifamily Modulars Read More
Seattle, Washington businessman Walter Tarr is building a five-unit modular apartment complex near the University of Texas in Austin, his alma mater. As bizjournals.com informs MHProNews.com, each 1,300 square-foot unit will have three bedrooms and a den, with average rent of $3,000 monthly, built by Palomar Modular of DeSoto, Texas. …
A proposal before the Affordable Housing Committee in Bluffton, South Carolina would replace 24 pre-HUD Code homes with new modular homes, ranging from a one-bedroom, 600 square foot home to a four bedroom model with 2,000 square feet. According to islandpacket.com, prospective owners could make no more than 120 percent …
The three major indexes all took a tumble today, the Dow Jones Industrial Average falling well over 100 points. CNNMoney tells MHProNews the Dow dropped -129.53 points, -0.78 percent, to finish the day at 16,401.02, while the Nasdaq fell -57.3 points, -1.38 percent, to end the day at 4,080.76. The …
Skyline Corp. Advances, Cavco Drops, Nasdaq Loses 1.38% Read More
The Elkhart-Goshen, Indiana metro area ranks number two out of 240 for job growth in small-sized cities–those defined as having under 150,000 jobs—and ranks fourth of all 398 cities of all sizes surveyed. Bismarck, North Dakota topped both of the lists, according to rvbusiness.com. Ranking above Elkhart in the “all …
Patrick and Drew’s Hometown Experiences Phenomenal Job Growth Read More
Specializing in modular units for industry, business, education and health facilities, Ellis Modular is now pursuing federal contracts through the General Services Administration. “The opportunity to service government accounts opens up significantly more markets throughout the region as our goal continues to be to expand our modular solutions business,” states …
On July 22, 2013 MHProNews.com covered a story from Midland, Texas where the Midland Independent School District (MISD) had plans to buy modular housing for staff because the Eagle Shale energy exploration in the southwest part of the state was gobbling up housing resources. In nearby Odessa, a one-bedroom unfurnished …
Texas School District Acquiring Modular and Manufactured Housing Read More
Franklin County (Missouri) Planning Director Scottie Eagen reports her office has been getting complaints of people living in tents, travel trailers and recreational vehicles as their primary residence in an attempt to skirt residency rules. A new ordinance has banned that practice, as cbslocal.com informs MHProNews.com, and violators could be …
