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.
Canadian modular builder Britco has sent senior executive Chris Gardner with British Columbia’s Premier Christy Clark on a trade mission to China promoting B.C’s natural gas to the growing economies of Asia. Three liquid natural gas facilities will be working by 2020 which will generate thousands of construction jobs, and …
Workforce Housing Developer Promoting Natural Gas in Asia Read More
After the former owners of the Anchor Bay Manufactured Housing Community (MHC) just north of Detroit, Michigan lost the 1,300-site community to the bank, J.D. Equity investors purchased it and have been generous in their support of the community. Most recently, according to voicenews.com, one of the investors (who wants …
Stocks continued their record-breaking run as all three major indexes closed higher, no doubt in anticipation of the combination of Thanksgiving and Chanukah—latkes and turkey. CNNMoney reports the Dow Jones Industrial Average gained +24.53 points, +0.15 percent, to close at 16,097.33 points. The Nasdaq advanced +0.67 percent, +27.00 points, to …
Skyline Spikes, Cavco and Drew Advance Well; Major Indexes also Move up Read More
Three modular townhomes each with three bedrooms, 2.5 bathrooms and energy-efficient features will be sited Dec. 2 and 3 cross from the West Seattle Golf Course. Designed by Chris Pardo Design and built by Method Homes at their Ferndale, Washington plant, two of the units have a shared wall and …
Modular home builder Fusion Modular Green Construction LLC of Maryland allegedly accepted payments and deposits from customers and then did not fulfill contracts, and was unwilling to refund deposits. State Attorney General Douglas F. Gansler announced the company and its owners, Joshua Samuel Sims and William E. Sims III, are …
The Jump Start federal housing program is credited for backing the construction of seven modular homes in the PrairieView subdivision of Forest City, Iowa in the north central part of the state. A qualified candidate can receive a grant up to $37,500 towards the purchase of a home valued at …
The flooding that ravaged Colorado in Sept. destroyed 154 manufactured homes (MH) and damaged 901 additional MH, displacing thousands of residents in the 11 manufactured housing communities (MHC) in the flood zone, according to Kerri Nelson, the state’s deputy chief recovery officer. Some communities may spring back to life with …
Flooded Manufactured Home Victims Deal with Destruction Read More
The Preserving Access to Manufactured Housing Act of 2013—HR 1779—remedies the unintended consequences of the Dodd-Frank Act that disproportionately affect affordable manufactured home lending. To date, 20 Democrats and 85 Republicans have signed on as co-sponsors of the legislation, indicating momentum is growing, but more support is needed to insure …
Although the Brownwood, Texas Planning and Zoning Commission had denied a request to rezone property from MH Manufactured Home District to M1 Restricted Industrial District, the Brownwood City Council approved the request on first reading. Donald Allgood, Jr. said he uses the property to store heavy earth-moving equipment and other …
Planning Commission, City Council at Odds over Zoning Read More
In yet another measure of the housing market recovery, the S&P/Case Shiller Home Price Index reveals home prices rose 11 percent from a year ago, the first year-over-year double digit gain since early 2006, before the housing bubble hit its high. The gain over last quarter was three percent, following …
Volume on the big board was light in approach of the holiday season, although all three major indexes did advance, modestly at best. CNNMoney reports the Dow Jones Industrial Average gained just +0.26 points, essentially +0.00 percent, to close at 16,072.80 points. The Nasdaq gained +0.58 percent, +23.18 points, to …
Cavco, LPX Notch Sizable Gains; Major Indexes Improve Modestly Read More
The latest news from the RealtyTrac Residential Sales Report indicates the national median sales price of all residential properties, including distressed and non-distressed, remained at $170,000, the same as Sept., but six percent higher than a year ago Oct. Additionally, HousingWire says this marks the 18th consecutive month of median …
The National Association of Home Builders (NAHB) reports the issuance of new building permits rose 6.2 percent in Oct. to a seasonally adjusted annual rate of 1,034 million units, an increase over Sept.’s 5.2 percent rise to 974,000 units. Of this, multifamily rose 15.3 percent to 414,000 units, while on …
County commissioners in Butte, Meade and Harding Counties are in different stages of preparation for the possibility of modular workforce mancamps should the 36-inch Keystone XL pipeline be approved to move oil from Canada to Texas. Neither Butte nor Meade has a zoning ordinance, and Harding County’s is for “conditional …
South Dakota Prepares for Potential Modular Workforce ManCamps Read More
Champion Home Builders opened a second manufacturing facility at its 30-acre Lake City, Florida location this week (Nov. 18, 2013), adding 45 new jobs, according to digital-journal.com. The 70,000 square foot facility re-establishes the Redman Homes manufactured housing brand that has a respected name in the Southeast, but closed in …
Manufactured Home Builder Opens Second Production Facility Read More
Stocks on the big board closed mixed on news of a housing market recovery somewhat stalled by a drop in pending home sales, although the Dow rose to another high. CNNMoney reports the Dow Jones Industrial Average gained just +7.77 points, +0.05 percent, to close at 16,072.54 points. The Nasdaq …
Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock …
SeekingAlpha.com reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy …
Elkhart, Indiana-based Drew Industries, Inc. has announced a special cash dividend of $2.00 per share of common stock to stockholders on record as of Dec. 20, 2013, payable on Jan. 6, 2014. “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert, …
The Multifamily Production Index (MPI) of the National Association of Home Builders (NAHB) hit 54 in the third quarter, seven points less than the second quarter but the seventh consecutive rating above 50. The MPI measures construction of low-rent units, market-rate rental units and condominiums, where a number above 50 …
