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.
Internet stocks weighed down the market today, as the Nasdaq fell over two percent but managed to recover some of the lost ground to finally close at -1.18 percent, -50.40 points, ending at 4,226.39. The Dow Jones Industrial Average ended the day down -26.08 points, -0.16 percent, to close at …
Third Avenue Value Fund only Tracked Stock to Gain Read More
Updating a story from March 20, 2014 regarding the shortage of housing in Estevan, Saskatchewan, Canada due to the Bakken oil field drilling just south of the border in North Dakota, the 15-unit CanStay Motel complex is made of 40′ shipping containers converted into modular bachelor units. According to cbc.ca/news, …
MHProNews.com has learned from brandonsun.com, the Canada Mortgage and Housing Corporation has awarded the contract to build seven new modular houses for the Sioux Valley Dakota Nation to Home Hardware in Virden, Manitoba, Canada. Instead of nails and wood, the homes will be structural thermal energy efficient panels (STEEP), materials …
A section of a report issued by the Wappingers Central School District in Wappinger Falls, New York recommends the closing of several schools and facilities, as well as reconfiguring the student makeup of others, reports the poughkeepsiejournal.com, requiring the movement of students and resources. Several parents are questioning the abruptness …
Some 2100 +/- manufactured housing industry professionals from all segments of the industry are expected at the 2014 Tunica Manufactured Housing Show. Registrations have come in from states coast to coast. The Tunica Show features more homes and exhibitors than any other industry trade show in North America. Networking and …
Free Manufactured Housing Finance, Business Seminars and Forecast Read More
Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As marketwatch.com reports, senior management will discuss the results, current market conditions and the future. UMH is a …
The North Dakota Housing Finance Agency (NDHFA) presented Champion Home Builders the Champions of Affordable Housing Award for its modular townhome development, Wolf Run Village, in Watford City, ND, as MHProNews.com has learned. The award was presented at the 23rd annual Statewide Housing Conference on February 27, 2014 to the …
Doug Gorman, President of Home-Mart, Inc. in Tulsa, Oklahoma and Lois Starkey, Manufactured Housing Institute (MHI) Vice President of Regulatory Affairs, attended the March 11th White House Green Mortgage Roundtable. Focusing on renewable energy underwriting issues, especially related to the FHA (Federal Housing Administration) Energy Efficient Mortgage and other FHA …
MH Industry Execs attend Mortgage Roundtable at White House Read More
The Dow Jones Industrial Average went on a bumpy ride downhill after rising above 16,450 in late morning, falling steadily throughout the afternoon to end the week at 16,302.70, losing -28.35 points, nudging down -0.17 percent, according to CNNMoney. The Nasdaq dropped -42.50 points, -0.98 percent, to finish at 4,276.79, …
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market …
Aiming to adopt an new ordinance governing manufactured homes (MH), the Washington Parish Planning Commission in Bogalusa, Louisiana were given a history lesson of the industry by Lenny Kopowski, director of government affairs for the Louisiana Manufactured Housing Commission (LMHC), including required stickers, labels and registrations. The 1994 wind zone …
Parish Planning Commission hears from Manufactured Housing Commission Read More
MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in …
The National Association of Realtors (NAR) reports total existing home sales—single-family, townhomes, condos and co-ops–fell 0.4 percent in Feb. to a seasonally annual adjusted rate (SAAR) of 4.60 million, down from 4.62 million in January. Lawrence Yun, NAR Chief Economist, suggests the severe winter weather likely contributed to the drop. …
NAR Survey: Home Sales Down, Home Prices Up, Student Debt a Hindrance Read More
Following a story MHProNews.com last posted on Jan. 1, 2014 regarding a modular housing apartment building planned in Estevan, Saskatchewan, Canada, placement of the first module occurred March 13, and by Mon., March 17, 75 percent of the 55-unit, four-story Marisa Condos was in place. The modules are trucked up …
Investors jumped back into stocks after slinking away in yesterday’s trading following Federal Reserve’s chief Janet Yellen suggesting that interest rate hikes would begin in mid-2015. Credit Suisse expects her stance to mollify in her next public appearance. The Dow Jones Industrial Average regained 108.88 points, +0.67 percent, to end …
Dow Regains Most of Yesterday’s Loss; Patrick Ind. Slips the Most Read More
Private equity real estate investment firm Green Courte Partners, LLC announces the promotions of Chad V. Gardner and Matthew J. Pyzyk to vice president, according to prnewswire.com. Gardner joined Green Courte as a senior accountant in Nov. 2010, and in his new position as vice president and portfolio controller he …
Efforts continue to assist New Jersey residents who are still without adequate housing following Hurricane Sandy nearly 18 months ago, according to app.com. A Superstorm Sandy Housing Expo is being held in Long Branch, New Jersey, sponsored by the state Department of Community Affairs (DCA) with representatives from several housing …
Fair Market Rent Due for Sandy Survivors in Manufactured Homes Read More
Bella Vista Estates in Boardman, Oregon, with 127 homesites, has become the largest resident-owned manufactured home community (MHC) in Oregon, according to eastoregonian.com. The non-profit Community and Shelter Assistance Program (CASA) of Oregon helped the residents form the co-op and obtain the $3.15 million financing, and continues to provide technical …
Former Land Lease Community becomes Resident-Owned Read More
Insurance policy administrator Insurity, Inc. has been selected by American Modern Insurance Group to administer physical damage coverage for manufactured home (MH) dealers. According to Bill Gottsacker, American Modern’s VP, says, “Insurity has a strong reputation in the insurance industry, especially when it comes to the complexity of specialty lines …
The original geodesic Dome Home of architect Buckminster Fuller in Carbondale, Illinois, listed in 2006 on the National Register of Historic Places, will be restored and preserved beginning with a ground-breaking ceremony April 19 to initiate the project. Made of 60 wood triangle panels by the Pease Manufacturing Company of …
Buckminster Fuller’s Original Modular Home being Restored Read More
