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.
For the 14th consecutive year Berkshire Hathaway CEO Warren Buffett is auctioning off a power lunch for eight on E-bay, his annual anti-poverty fundraiser that fuels the San Francisco charity GLIDE. The non-profit provides some 800,000 meals each year to the hungry, and has received $15 million since the auction …
The standard.net.au reports from Warrnambool in southeastern Australia on the Indian Ocean all 17 lots designated for affordable housing sold within hours of being placed on the block by the Warrnambool City Council. Seven of the homes were snapped up by Rod Stephens of Modular Homes, as MHProNews has been …
The first day of June began with a bang as the Dow gained over 100 points in a steady rise all afternoon. CNNMoney reports the Dow Jones Industrial Average gained +0.92 percent, + 138.46 points, to close at 15,254.03. The Nasdaq advanced +0.27 percent, +9.46 points, to end the day …
Indexes Begin June Rising; Tracked Housing Stocks close Mixed Read More
According to philly.com, rent controls for the 46 low or moderate-income residents of Tricia Meadows manufactured housing community in Mount Laurel, NJ will expire at the end of the year and become market rate like the other homes in the 400 site community. Built in 1984 by developer Roger Davis …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Dept. of Housing and Urban Development (HUD) statistics reveal production of manufactured homes in April rose 14.7 percent over April 2012, 5,313 homes over 4,630. Total production for the year equals 18,173 homes, an increase of 4.2 percent over …
As PRWeb informs MHProNews, Ramtech Building Systems of Mansfield, TX is in the final stages of completing the 272-room modular housing complex for Fort Sam Houston in San Antonio, TX. Now 70 percent complete and on track for completion in Nov. 2013, the$9.7 million barracks will feature waterless urinals, a …
Following up on a post MHProNews published May 22, 2013, regarding sewer service at an MHC possibly being shut off June 5 because of a $17,884.35 bill, mymotherlode reports a sign was posted at the community saying, “The sewer bill has been paid,” and signed, “Management.” Jim Clayton (not the …
Ruth Briggs King, Delaware’s State Representative from the 37th District, writing in capegazette.villagesoup, says she has introduced three pieces of legislation in support of residents of manufactured housing: House Bill 65 extends the Delaware Manufactured Home Relocation Trust Fund for another five years; House Bill 66 requires owners to disclose …
The Dept. of Housing and Urban Development (HUD)’s Choice Neighborhood Program will provide $109 million in grants to revitalize public and HUD-assisted housing as a means of transforming desolate communities. HousingWire says Choice Neighborhoods program focuses on three goals: replacing distressed housing, improving educational outcomes for youth and rehabilitating decimated …
All three indexes lost over one percent in a strong sell-off of stocks to end the month, although all three are on the plus side for May. The Dow Jones Industrial Average marked the sixth consecutive monthly gain; all three indexes are up approximately 16 percent on the year. CNNMoney …
Indexes, Most Tracked Housing Stocks all Fall Down Read More
The Rumbling Bald Resort area of Lake Lure in western North Carolina has a new name on the Approved Builder roster: Vision Building Group (VBG) spent most of last year building and finishing a modular home at the resort. PRWeb says the company can now be used by current and …
Saying it is too difficult to calculate individual pay early in the origination process, the Consumer Financial Protection Bureau (CFPB) now says loan officer compensation should not be included in the three percent cap threshold under the qualified mortgage rule. However, as nationalmortgagenews informs MHProNews, compensation paid by the creditor …
With a 174-acre tract of land donated to the state for Florida Polytechnic University in Lakeland, Fla., on which classroom construction is progressing, officials are concerned about the lack of housing, according to what theledger tells MHProNews. Rob Gidel, chairman of the school’s board of trustees, questions whether housing for …
MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading …
Where any number over 50 indicates more builders see the market as improving rather than getting worse, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) dropped two points to 52, while still marking the fifth consecutive quarter with a reading over 50. The MPI measures construction of …
Tepid economic news and a sell off of Japanese stocks did not budge the three major indexes as they gained modestly, increasing their rise for the year of 16-18 percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.14 percent, 21.73 points, to close at 15,324.53. The Nasdaq moved …
Three Indexes Continue Rising; Tracked Housing Stocks Close Mixed Read More
According to the huffingtonpost.ca, Keith Dewey used eight 20-foot shipping containers to construct a 2,000 square-foot house on a lot of 40 feet by 42 feet in Victoria, British Columbia, Canada. Thought to be Canada’s first shipping container building, residential designer Dewey says Zigloo Domestique was inspired by a 20-foot …
The 1984 video game Tetris has seemingly inspired a Beijing modular, micro-house made of a series of easy-to-assemble, stackable units, as mothernaturenetwork informs MHProNews. Furniture surfaces and envelopes for storage are part of the fiber-reinforced blocks when assembled into a unit, which includes bedroom, bathroom and office modules, interlock-able and …
Modular housing builder Northstar Systembuilt will be relocating its assembly line to an existing 53,000 square foot building in Redwood Falls, Minn. in the southwest part of the state from its current facility in Marshall, Minn., according to redwoodfallsgazette. It had received a tax abatement to construct a 36,000 square …
The Napa Valley Register in Calif. offers definitions of mobile, manufactured and modular homes and the appropriate financing. Mortgage banker Chris Salese notes that fateful day of June 15, 1976 when manufactured homes came under the jurisdiction of the Department of Housing and Urban Development (HUD) and the regulated production …
