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.
According to Harvard University’s Joint Center for Housing Studies, over 11 million renters with minimum wage incomes of $19,000 competed for 6.9 million affordable apartments in 2011. Renters with annual incomes of $15,000 must find a unit for $375 a month for it to be affordable. The center considers housing …
Single-family residential construction rose nearly two percent in November to a seasonally-adjusted rate of $175 billion, $3 billion more than in October, according to information derived by nationalmortgagenews.com from Census Bureau data. Compared to a year ago, spending on land development and home building rose rose almost 17 percent from …
Residential Construction Posts Highest Level in 5 1/2 Years Read More
The first full week of the New Year began with modest losses on the part of all three major indexes as investors started with cautious selling. CNNMoney reports the Dow edged down -44.89 points, -0.27 percent, to close at 16,425.10. The Nasdaq lost -0.44 percent, -18.23 points, to finish at …
Skyline the only Tracked Housing Stock that Gains; Three Major Indexes Slip Read More
Two town board members of Sylva, North Carolina are reconsidering a 15 year-old ban on siting single-section manufactured homes outside of manufactured housing communities (MHCs), saying it may be unfairly punishing people of modest means. Board member Mary Gelbaugh says, “We are trying to make housing available, and I’m worried …
Town Reconsidering Ban on Manufactured Homes outside Communities Read More
Shirley Checca, of Stafford, Virginia, wife of Laurence Checca, Virginia Manufactured and Modular Housing Association (VAMMHA) past president and Hall of Fame member, passed away Jan. 2, 2014. Former teacher, United Airlines flight attendant and beauty consultant, she passed away peacefully at her home. MHProNews extends its deepest condolences to …
The same three-dimensional technology that will eventually enable surgeons to rehearse open-heart surgery on a particular patient before opening up the chest cavity is being applied to aerospace and automotive design as well as to architecture, life sciences, construction, consumer packaged goods and even to the fashion design industry. The …
Delaware lawmakers are considering increasing the amount owners of manufactured homes (MH) will receive if they are forced to relocate. Tapping into a fund established from a monthly assessment on sites in manufactured housing communities (MHCs), the Delaware Manufactured Home Relocation Authority (DMHRA) proposes to double the maximum relocation expense …
Payment for Moving Manufactured Homes May Increase Read More
Ostego County New York was awarded a Federal Community Development Block Grant to rehabilitate the “mobile homes” of low and moderate income families. CNYNews tells MHProNews that the County has recognized how “important and widespread” the need is for manufactured housing as a form of affordable home ownership. Key points …
Mobile and Manufactured Homes Gets Federal Grant Money Read More
Following the devastating 7.2 earthquake that struck the Philippines south of Sagbayan in mid-October, 2013, Solid Group Technologies Corp. (My|House) has offered four modular classrooms as a replacement for Katipunan Elementary School, which was destroyed, and its neighboring daycare center. The quake killed 67 and laid waste to multiple houses, …
Modular Classrooms Replace Earthquake Struck School Read More
Stocks are off to a slow start this year with muted trading due in part to the heavy snow that has tied up the east coast, keeping some traders off the floor in the holiday-shortened week. CNNMoney reports the Dow moved up +28.64 points, +0.17 percent, to close at 16,469.99. …
Equity LifeStyle Properties Leads Gains of most Tracked Housing Stocks Read More
The St. Gabriel City Council in Louisiana has imposed a 180-day moratorium on the siting of manufactured homes within the city limits so officials can develop rules and regulations regarding their placement. This comes in response to a recent spike in permit requests, according to what postsouth.com informs MHProNews, and …
JLT & Associates of Grand Rapids, Michigan is merging with national manufactured home (MH) appraisal firm Datacomp and MHVillage, a major internet marketing website for manufactured homes in land lease communities. Appraising MH since 1987, Datacomp gathers information about home values and features of manufactured housing communities (MHCs), and maintains …
JLT & Associates Merges with Datacomp and MHVillage Read More
Adding to the old and new mix of the Williamsburg section of Brooklyn, New York, is a 5,000 square-foot, single-family modular residence fashioned from 21 shipping containers, says ny.curbed.com. Architect LOT-EK reports the 25 X 50 foot building is cut diagonally at the top and bottom, and each level has …
The Great Plains modular housing project in southeast Calgary, Alberta, Canada, built to house those displaced by the June 2013 floods is set to close in 30-60 days, according to calgaryherald.com. “It’s not a hard and fast date,” said government spokeswoman Trisha Anderson. “We’re not going to throw anyone on …
The U. S. Maritime Administration’s cargo ship the Cape Ray is being readied to deploy to the Mediterranean where it will receive 700 tons of Syria’s chemical weapons stockpile, which it will then neutralize before being processed by commercial firms that deal with hazardous waste. Part of the preparation includes …
Two thousand fewer Americans applied for unemployment benefits last week, moving the rate to a seasonally-adjusted 339,000, suggesting that hiring will remain steady and layoffs low. While employers have added an average of 200,000 jobs a month from August through November, driving the unemployment rate to a five-year low of …
Would-be investors buying foreclosed homes at auction and renting them are finding the trough is drying up, as auction prices have risen faster than rents, according to Core Logic, resulting in returns on investment (ROI) dropping. “It’s gotten so competitive that discounts at foreclosure are not where they were,” said …
Concerns about economic growth in China led investors to exercise caution in trading to start the new year, as all three major indexes ended in the red. CNNMoney reports the Dow moved down -135.31 points, -0.82 percent, to close at 16,455.31. The Nasdaq lost -0.80 percent, -33.52 points, to finish …
The secondary market mortgage portfolio of Fannie Mae has continued to decline, as directed by the government-service enterprise (GSE) regulator. The $42 billion in mortgages it acquired in November represented a 14 percent drop from October. As reported by nationalmortgagenews.com, Fannie’s portfolio fell below $500 billion for the first time …
According to tickerreport.com Zacks has upgraded shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) from “neutral” rating to “outperform” in a research report issued to investors, with a $42.80 target price on the stock. While ELS has a 52-week low of $33.36 and a 52-week of $42.86, it closed down Tuesday …
