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.
The largest Malysian state, Sarawak is one of two Malaysian states on the island of Borneo. Tan Sri Abdul Taib Mahmud is the Chief Minister of Sarawak, one of two Malaysian states on the island of Borneo, and the largest Malaysian state. According to malaysia-chronicle.com, his family won the contract …
While the percentage of Millennials (ages 18-31) moving back with their parents rose from 34 percent in 2009 to 36 percent in 2012, as MHProNews reported Aug. 6, 2013, Trulia.com reports multi-generational living is going in another direction as well: The number of seniors living with their children and other …
Seniors Joining Millennials in Ranks or those Living with Relatives Read More
A new rule proposed by the Minnesota Dept. of Labor and Industry would require a sprinkler system in all new homes over 4,500 square feet, including manufactured and modular homes, according to redwoodfallsgazette.com. During a tour of Schult Homes with state legislators, Mark Brunner, president of the Minnesota Modular and …
Sprinklers may be Required in Manufactured and Modular Homes Read More
According to the analytic firm Zillow, 10.8 million homeowners still owe more than their house is worth, a drop of over 4.9 million from the high point of Q1 2012, which represents a 21 percent decline when the negative equity peak was 31.4 percent of all homeowners. In Q2 2013 …
Slowing Home Appreciation Means Positive Equity Distant for Underwater Borrowers Read More
Modular home builder Homes by Vanderbuilt of North Carolina is donating $1 to the Marine Corps’ Toys for Tots program for every “Follow” it receives on its Google+page from now until Dec. 20. Tom Van de Reit of the Sanford, NC-based company says the Google+ platform is an important social …
On second reading, the Goshen (Ind.) City Council put a stamp of approval on Lippert Components’ request for annexation of a 56-acre parcel Lippert intends to use for expansion. The plot is located outside the city but borders the city limits. RVBusiness reports the acreage will be zoned Manufacturing-1 Industrial, …
Concerns that the market is overheating were offset by investors expectations that the Fed’s bond buying will continue for the foreseeable future, driving the Dow and the S&P to all new highs. CNNMoney reports the Dow gained +54.78 points, +0.34 percent, to end the week at 16,064.77. The Nasdaq moved …
Dow, S&P Mark New Territory; Tracked Housing Stocks Mixed Read More
UFP New London, a subsidiary of Universal Forest Products, Inc. (UFPI), received approval from the Stanfield Town Council and the Stanly County Board of Commissioners in North Carolina for an economic incentive to use a local building for a heat lamination and assembly operation. The incentives require UFP to create …
Publicly-owned investment company Capital Southwest Corp. (Nasdaq:CSWC) has announced that Kelly Tacke has joined the firm as Senior Vice President, Chief Financial Officer (CFO), and Treasurer, having moved over from Palm Harbor Homes, Inc. where she served as Executive Vice-President and CFO. Palm Harbor is a subsidiary of Cavco Industries, …
Affordable Housing International (AHI) of Hong Kong is offering modular units shipped from China in one to four-bedroom models that can be stacked for a four-story apartment building, made into single-family homes, duplexes and row houses as well.. The STELETE houses offer foam insulated concrete cores that provide 20 times …
Modular Builder Offers Affordable Quick-ship Dwellings Read More
Continuing the saga of Garden Homes Management Corp.’s seven year attempt to build a 124-unit manufactured housing community in Oxford, Connecticut, as MHProNews last covered Sept. 20, 2013, Nov. 14 saw another four and one half hour hearing to resolve the inland wetlands issue and storm water management without conclusion. …
Seven-Year Battle to Build Manufactured Housing Community Continues Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for Nov., the sixth consecutive month of a rating over 50, although the percentage was unchanged from last month. The HMI gauges builders …
MHProNews has learned from dailyyonder.com, while an estimated 470,000 rural veterans live in manufactured homes (MH), they are less likely to live in MH than the rural population as a whole. However, twice as many rural veterans live in MH than veterans as a whole nationally. While rural areas have …
Even as several retailers, including Target and Dollar Stores, reported less than expected earnings, the Dow Jones Industrial Average finished the day above 16,000 for the first time ever. CNNMoney reports the Dow gained +109.17 points, +0.69 percent, to end the day at 16,009.99. The Nasdaq moved up +1.22 percent, …
Dow Closes at New Record High; Nobility Drops Five Percent Read More
Arlington, VA. An announcement of the promotion for Jason Boehlert to Senior Vice President of Government Affairs at the Manufactured Housing Institute (MHI) will accompany the announced appointment of Rick Robinson as MHI Vice President of Government Affairs and General Counsel. Sources close to the Manufactured Housing Institute tell MHProNews …
Boehlert promoted, Rick Robinson new GC at the Manufactured Housing Institute Read More
Following up on a story we posted Nov. 14, 2013 regarding the use of Eco Red Shield Lumber’s treated wood products for modular homes as part of the Hurricane Sandy rebuild, Google Finance reports on Nov. 15, 2013 Eco Building Products (ECOB) dropped 1.47 percent to $0.0067. Additionally, smallcapnetwork says …
WSIL TV tells MHProNews about three deaths in tornado-struck Brookport, IL. Local churches in Metropolis, IL were gathering food and clothing for victims, while emergency management teams moved into the area. Initial reports are unclear as to specific causes of the deaths involved in the storm. But as is often …
Brookport, Illinois hit by weekend tornado, at least 3 dead Read More
If ObamaCare has your attention, don’t miss out on what some publishers are now calling Dodd-Frankery or Dodd- Frankenstein (aka Dodd-Frank). The SEC is required to publish an annual whistleblowers report, the 2013 download of which is available here. The attorneys behind the website “Dodd-Frank-com” state “ Fiscal 2013 drew 3,238 …
Dodd- Frankenstein – SEC 2013 Annual Whistleblower Report Read More
News from the Federal Reserve meeting that bond buying by the Fed may taper off even if the unemployment rate does not fall drove stocks downward in today’s trading. CNNMoney reports the Dow Jones Industrial average dropped -0.41 percent, -66.21 points, to end the day’s trading at 15,900.82. The Nasdaq …
Liberty Homes Drops Precipitously: Three Major Indexes Fall Read More
60 years after ‘Airey-type’ homes were built using prefabricated concrete panels, these homes are getting a desirable make-over. The 1950s era construction were only expected to last a decade. Win Dolan, 62, lives today in a home with her husband Derek on Hebron Avenue. Dolan says she’s live here all …
