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.
There is one number, often overlooked, that affects the growth of the housing sector as much as any other—the percent of the 25-to-34-year-olds who are working. Many of these young adults continue to live at home, which holds down household formation. As their employment numbers grow, they are more likely …
Investors, somewhat shaken by the increasing tensions between Russia and the United States, drifted away from the big board on the first trading day of March, as the Dow dropped over 150 points. CNNMoney reports the Dow fell -153.68 points, -0.94 percent, to end the day at 16,168.03. The Nasdaq …
Saber Rattling over Ukraine Rattles Investors; LPX Falls the Most of Tracked Stocks Read More
In addition to the multiple modular workforce housing and mancamps, manufactured homes and recreational vehicles that have sprung up to meet the demands for housing in Watford City, North Dakota in response to the Bakken oil boom, the MacKenzie County Healthcare system is adding a modular unit to the hospital’s …
MHProNews.com has learned from fwbusiness.com that Elkhart, Indiana-based Drew Industries, Inc. is acquiring two nearby businesses for $48 million. Drew is shelling out $36 million for Innovative Design Solutions (IDS), a Troy, Michigan-based designer, developer and manufacturer of electronic systems. The company had sales of $19 million in 2013, of …
MHProNews.com has learned Altius RSA (Rapid Systems Architecture) has introduced their newest mini modular home, the Solo 40, 480 square feet for $195 a square foot. Constructed from natural, renewable, durable and recyclable materials, the home offers both passive and active sustainable strategies, which includes an Energy Recovery Ventilation (ERV) …
Updating a story MHProNews.com posted Feb. 26, 2014 regarding the building of roundabouts in Wisconsin, Rep. David Craig (R-Big Bend) sponsored legislation, supported by the manufactured housing industry, that would give final say over traffic circles to local municipalities. The Wisconsin Department of Transportation wants to decide where they should …
Measure Supported by Manufactured Housing Industry Read More
A manufactured housing community has been condemned and ordered shuttered and the residents given ten days to evacuate after the Ingham County Health Department in Lansing, Michigan discovered raw sewage on the grounds and solid waste strewn about. Hundreds of people living in 85 homes at the Life O’Riley Mobile …
License to Operate Suspended at Land Lease Community Read More
The Plantation on the Lake manufactured home community (MHC) in Calimesa, California intends to exercise its option to build the remaining seven percent of the home sites to which it is entitled, bringing the total number of sites to 562, according to newsmirror.net. Forty-seven new homesites were approved by the …
A potential military conflict between Russia and the Ukraine turned back gains made on the stock market in the last hour of trading, although the S&P set a new record as the week and the month came to an end. CNNMoney reports the Dow moved up +49.06 points, +0.30 percent, …
S&P Hits New High; Nobility Homes Falls over Four Percent Read More
Updating a story MHProNews.com last published Nov. 8, 2013 regarding flood-prone Spruces Mobile Home Park in Williamstown, Massachusetts, town Selectmen signed a notice of discontinuance that will close the community Feb. 29, 2016. According to the Massachusetts Manufactured Housing Act, residents are entitled to at least two years written notice …
A member of the Mississippi Manufactured Housing Association’s (MSMMHA) Hall of Fame , Jeffrey Duane “Doc” Bell, 53, passed away Feb. 21, 2014 in Little Rock, Arkansas. His nickname came from his stint as an athletic trainer at the University of Mississippi. A district manager for American Modern Insurance Group, …
Tiny homes, many made from recycled materials, are springing up in cities across the land to house the homeless, combining sustainability with social reform. In Olympia, Washington, thirty 144 square-foot homes have been constructed in a safe, street-light lined lane called Quixote Village, according to inhabitat.com. Occupy Madison, a non-profit …
Sponsored by House Financial Services Committee member Rep. Sean Duffy (R-WI), the Consumer Financial Freedom and Washington Accountability Act, HR 3193, passed on a mostly party-line vote, would replace the director with a five-member commission and give Congress oversight of the budget. House Financial Services Committee Chairman Jeb Hensarling (R-TX) …
Consumer Financial Protection Bureau Reform Bill Passes House Read More
M.J. (Michael Joshua) Thomas passed away this past Saturday, Feb. 22, after being hospitalized for breathing issues. M.J. had been living in the Dallas/Fort Worth area and began his manufactured housing retail career in Tulsa, OK. Thomas had made arrangements to attend the Tunica Manufactured Home Show just before being …
Federal Reserve Chairwoman Janet Yellen’s testimony before the Senate Banking Committee gave a slight boost to investors, as the S&P closed at a new high, and the other two major indices advanced. CNNMoney reports the Dow moved up +74.24 points, +0.46 percent, to end the day at 16,272.65. The Nasdaq …
Liberty Homes Drops Dramatically; S&P Marks New High Read More
The National Association of Home Builders (NAHB) reports the Multifamily Production Index (MPI) fell slightly in the fourth quarter 2013 to 50, which means half of the builders saw the market as good and the other half as poor. The survey measures builders’ perceptions of three aspects of the market: …
Perception of Market by Multifamily Builders Falls Read More
MHProNews.com posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09 …
Following a story MHProNews.com posted Feb. 24, 2014 regarding assistance the state of Michigan is offering to repeat homebuyers, including those buying manufactured homes, we have been informed the Mi Next Home program offers $7,500 maximum assist, or four percent of the purchase price, whichever is lower. Northern Homes Executive …
More than 100 modular homes previously used by the U. S. military are now home to residents of the Apache Mescalero Reservation in New Mexico, where the lack of adequate housing has been a long-standing issue, according to ruidosonews.com. On March 7, at the invitation of tribal president Danny Brueninger, …
Military Modular Homes now Accommodate Apache Native Americans Read More
San Jose, California has the most manufactured-home communities in the state, 58 communities with nearly 11,000 homesites, according to mercurynews.com, and the owners of some in this Silicon Valley area will likely be tempted to convert their property to high-density, high-end housing. Of the 150 people who live in the …
Manufactured-home Community Surrounded by High-end Property Read More
