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.
U. S. stocks plunged on news of a large drop in the Chinese stock market as well as lingering concerns about the tapering of the stimulus by the Federal Reserve, regaining some lost ground in the afternoon but still ending one percent down. CNNMoney reports the Dow Jones Industrial Average …
Plunging Indexes Draw Tracked Housing Stocks Down also Read More
A humanitarian solutions company for refugees of the Syrian conflict has built 1,000 modular homes, in addition to modular schools, hospitals and mosques on the border with Turkey. Modular and Mobile Solutions of Ras Al Khaimah, an emirate that is part of the United Arab Emirates (UAE) located on the …
Shortages of building materials may be significant in holding holding back a more robust return of the housing market, says the National Association of Home Builders (NAHB) Chief Economist David Crowe. According to a builders survey, 22 percent reported short supplies of oriented strand board (OSB), 20 percent said wall …
Real estate activity is ramping up in Eugene, Ore. as low inventory is producing multiple offers, and in some case bidding wars, driving prices up, especially on homes under $250,000. Carol John bought a three-bedroom home in 2010 for $283,000. As her investments soured during the recession and she wanted …
Former Site-built Homeowner moves to Manufactured Home Read More
Former beauty queen and one time manufactured home dealer JoLeigh Ares, doing business as Park Girl Sales LLC in the Rio Grande Valley area of Tex., has racked up an alleged 89 claims against her now bankrupt business totaling $2.9 million. The brownsvilleherald reports $1.5 million of the total is …
Manufactured Home Retailer, Facing Multiple Fraud Charges, Opens New Business Read More
The Veterans Administration (VA) Home Loan allows qualified veterans the opportunity to purchase a home, including a manufactured home, with or without a site, or to buy and improve a site, with no down payment. Although the veteran is required to live in the house, the borrower’s spouse also satisfies …
Veterans Administration Offers Manufactured Home Loans Read More
Honoring the centennial of America’s first paved transcontinental road, the Lincoln Highway, convoys representing a variety and age of motorized vehicles will set out both from Times Square in NYC and San Francisco to meet at the Great Platte River Arch Museum in Kearney, Nebraska. Joining the trek will be …
Although the Dow and the S&P managed meager gains for the day, stocks fell for the second straight week on continuing fears the Federal Reserve will cease its $85 billion monthly stimulus. CNNMoney reports the Dow Jones Industrial Average nudged up +41.08 points, +0.28 percent, to end the day at …
Tracked Housing Stocks, Three Major Indexes End Week Mixed Read More
The Tri-State Housing Task Force mini-summit held June 19 in Keokuk, Iowa heard Dan Eberhardt of the Southeast Iowa Regional Planning Commission (SEIRPC) say “You cannot thrive unless you pay attention to your residential homes.” Representatives of Northeast Community Action Corporation of Missouri (NECAC) state they have helped over 1,500 …
The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn yield an improved understanding and respect for the MH Industry at large by investors, professionals or researchers who also find and …
Following a story MHProNews last covered June 11, 2013 regarding the rent justification bill in the Delaware General Assembly, lawmakers passed SB 33 but removed the requirement that increases be greater than the average annual increase in the Consumer Price Index (CPI) for the last three years. The Delaware State …
Delaware General Assembly Passes Rent Justification for Land Lease Communities Read More
A plan to replace Fannie Mae and Freddie Mac with a Market Access Fund (MAF) has been proposed by two U. S. senators as well as by several analytic firms and think tanks. Senators Bob Corker (R-Tenn.) and Mark Warner (D-Vir.) say their reform bill would create the MAF from …
Proposal would Replace Government-Sponsored Enterprises Fannie and Freddie Read More
Noting the median home price jumped eight percent from April to May to $208,000, and sales of homes rose four percent for the same period, chief economist Lawrence Yun of the National Association of Realtors (NAR) says, “The home price growth is too fast, and only additional supply from new …
Federal Reserve Chairman Ben Bernanke’s words that the Fed will exit its support of the market likely by next year reverberated through the market today, sending investors heading for the exits and the Dow into a tailspin. CNNMoney reports the Dow Jones Industrial Average plummeted -353.87 points, -2.34 percent, to …
Fears of Fed Withdrawing Stimulus Spooks Investors Read More
Manufactured housing community owner Sun Communities, Inc. (NYSE:SUI) announces a quarterly dividend of $0.63 per share for investors of record as of June 28, 2013, payable on July 19, 2013. Represents a dividend yield of 5.06 percent, according to watchlistnews, with an ex-dividend date of June 26. With a 50-day …
Residents of Foxwood Village manufactured housing community in Calverton, NY near the eastern tip of Long Island are in despair over the loss of a heavily wooded area behind their homes being clear cut for a Costco Wholesale Club. Instead of trees lining the property, unhappy residents will see a …
Development Irks Manufactured Housing Community Residents Read More
Updating a post MHProNews published June 18, in which a modular builder announced the availability of furnished units for emergency housing in tornado ravaged Okla., the company is donating one of the homes. MODS (Modular On Demand Structures) International Marketing of Appleton, Wis. converts shipping containers into modular housing, as …
Shares of Cavco Industries, Inc. (NASDAQ:CVCO) stock have been commented on by three different analysts, going in different directions each time, in the last seven weeks. On May 1 The Street downgraded Cavco from a buy rating to a hold rating; May 28 The Street upgraded shares from hold to …
As follow-up to a story MHProNews posted Feb. 27, 2013 concerning Universal Forest Products, Inc. (UFPI) taking over a former manufactured housing facility in Silverton, Ore., city officials now say UFPI has put those plans on hold. Silverton City Manager Bob Willoughby says the 126,000 square-foot building, once occupied by …
Manufactured Housing Component Supplier puts Project on Hold Read More
Updating a story MHProNews posted June 12, 2013 regarding manufactured homes for teachers in housing-strapped Midland, Tex., the Midland Independent School District (MISD) trustees authorized up to $3.5 million to create a 70-unit temporary housing development. While the trustees originally thought they would have to develop infrastructure for the new …
School District may Lease Homesites in Manufactured Housing Community Read More
