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.
As we enter national Fire Prevention Week through Oct. 12, 2013, the National Fire Protection Association (NFPA) says the Department of Housing and Urban Development’s (HUD) “Final Rule” for smoke alarms in new manufactured homes (MH) requires factory-installed hardwired or ten-year battery source, interconnected smoke alarms with battery back-up. As …
Fire Safety Emphasized during Fire Prevention Week Read More
In the wake of Hurricane Sandy last October that ravaged over 100 factory-built homes in Moonachie, New Jersey’s Vanguard and Metropolitan Mobile Home Park, of the 3,500 people statewide awarded rebuilding grants, only ten were for manufactured homes. The 400 residences in the two communities comprise one of the most …
Manufactured Home Owners of Moonachie Miffed in Jersey Read More
With home sites priced from $14,900 to $34,900, 23 out of 32 sites have been sold in Phase 2 at Country Estates manufactured homes subdivision in Fort Myers, Florida, says LeeCorp Homes. The 55-plus deeded lot development, according to naplesnews.com, offers lot and home prices from the low-$100,000s. MHProNews has …
Creative Concrete Products, LLC of Mount Vernon, Washington produces and installs Duraskirt, a concrete re-leveling skirting for manufactured and factory-built homes produced before 1995 that rest on steel frames supported by piers instead of a foundation. A change in leveling may be caused by the ground settling, resulting in doors …
Leveling Solution Available for Manufactured Homes Read More
As follow-up to a story MHProNews posted July 29, 2013 regarding a reality TV show about a backwoods Louisiana family that built a dynasty selling a duck call and hooked up with Clayton Homes, Clayton is now offering a limited edition home inspired by one of the show’s stars. Si …
Reality Show Star Endorses Clayton Manufactured Home Read More
M SPACE Holdings LLC formed in 2001 to provide emergency modular housing for catastrophic events, but has since branched into building up-scale and workforce modular housing, especially in the Williston Bakken oil and gas development in North Dakota. The company currently has seven developments located across six different locations, and …
Company Moved from Single Modular Homes to Housing Developments Read More
Investors continued to remain cautious on the economy but did push all three major indexes into positive territory. CNNMoney reports the Dow gained +76.10 points, +0.51 percent, to close at 15,072.58. Meanwhile, the Nasdaq moved up +0.89 percent, +33.42 points to end today’s trading at 3,807.76, while the S&P advanced …
Most Housing Stocks Advance, as do Three Major Indexes Read More
A 100 home site manufactured housing community has been listed for sale in New South Wales, on the south east coast of Australia. Residents of Acacia Ponds Village near Mirambula pay $85 a week for site rent, and it is 83 percent occupied, making it a good investment because of …
Board Chairman Leigh Abrams of Drew Industries, Inc. (NYSE:DW) sold 10,000 of the company’s shares on the market at an average price of $44.09 for a total haul of $440,900.00. Abrams now owns 73,287 shares with a value of $3,230,827, according to northforkvue.com. Dated Sept. 26, the transaction was disclosed …
Economists at Wells Fargo Securities indicate that 857,420 new households were formed in the U. S. during 2012, but the number of homeowners dropped by 237,750, the fifth straight year that figure has dropped, while the number of renters increased by 1.1 million. In 2012 single-family homes accounted for 28.5 …
The Manufactured Housing Association for Regulatory Reform reports official statistics from the U. S. Department of Housing and Urban Development (HUD) reveal production of manufactured housing rose to 5,886 HUD Code homes for Aug. 2013, a 5.5 percent increase over the 5,580 homes produced in August, 2012. For 2013, cumulative …
HUD Code Manufactured Housing Production Rises in Aug. Read More
Freehold, New Jersey-based UMH Properties, Inc. has acquired manufactured home community (MHC) Rolling Hills Estates in Carlisle, Cumberland County, Pennsylvania. The 91 homesite community, situated on 34 acres, sold for $1,720,000, and brings the company’s holdings to 69 MHCs comprised of 12,900 sites, according to marketwatch.com. Samuel A. Landy, President, …
Investors were busy selling stocks on the heels of the government shutdown and in anticipation of a much more serious debt ceiling problem, causing the major indexes to fall around one percent. CNNMoney reports the Dow dropped -136.66 points, -0.90 percent, to close at 14,996.48. Meanwhile, the Nasdaq fell -1.07 …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will present its financial results for the third quarter ending Sept. 30, 2013 after the market closes Tue., Nov. 5. A conference call and live webcast will be held the following day, Wed., Nov. 6, at 11 AM EST. The dial-in …
Despite the government shutdown and looming debt ceiling debate, the National Association of Home Builders (NAHB) forecasts growth of the housing industry will continue through 2015 although at a slightly slower pace, according to economists gathered for the NAHB’s Fall 2013 Construction Forecast Webinar. Noting the formation of households dropped …
The government shutdown will immediately stifle approval of thousands of mortgages because lenders cannot access Social Security numbers and tax transcripts. If it lasts longer than a week or two it could dampen the slowly recovering housing market, according to what Mortgage Bankers Association (MBA) CEO David Stevens tells bloomberg.com. …
Government Shutdown Hinders some Manufactured Home Loans Read More
Indiana Gov. Mike Pence attended the ceremony welcoming Drew Industries’ move of its headquarters from White Plains, New York to Elkhart County, IN. The parent company of Lippert Components, Inc. and its sister company, Kinro, Inc., Drew has 50 factories in the U. S. and 5,500 employees nationwide—4,500 in IN—and …
The Washington County (Virginia) Habitat for Humanity has received a donation that will allow the organization to establish a Land Bank and help sustain it in coming years, according to tricities.com. Two professors from Emory and Henry College had left a legacy fund with Emory United Methodist Church which has …
Students Build Modular Homes for Habitat for Humanity Read More
As the government shutdown passes through its second day, investors fear the impending debt ceiling crisis may have wide-ranging effects on the economy and financial markets, leading the three major indexes to fall. CNNMoney reports the Dow dropped -58.56 points, -0.39 percent, to close at 15,133.14. Meanwhile, the Nasdaq nudged …
An 80-acre commercial and residential development a half-mile from Killdeer, North Dakota will include two apartment buildings and a modular hotel, all in response to nearby oil drilling in the Bakken field. The $3.9 million hotel will sport 60 rooms aimed at electricians and plumbers who are engaged in short-term …
