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.
Near the tip of Manhattan Island in New York City is rising the Big Apple’s first modular residential structure, a seven-story apartment building of concrete and steel. The Stack, as builder Gluck+ Architects calls it, is being assembled at the rate of four modules a day. All 56 of the […]
Big Apple Sees Rise of First Modular Apartments Read More
The Hightstown Borough Council in central New Jersey is considering purchasing a used modular classroom for office space to be sited behind the Public Works building. Another option would be to rent a temporary facility, but James LeTellier, police director and interim borough administrator, said it is better to invest
Modular Classroom will Transform into Office Space Read More
Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate
New Company Operates Senior Manufactured Home Communities Read More
Champion Homebuilders of Troy, Mich. has been selected to provide 36 modular homes as part of phase two of Detroit’s Penrose neighborhood rebuild. The initial 36 homes in the effort, orchestrated by developer Star Development Corp. of Ann Arbor, Mich., were also Champion products, as is Penrose Art Center, an
Champion Champions Detroit Read More
Investors grew worried in May when Chairman of the Federal Reserve Ben Bernanke mentioned ending the $85 monthly billion bond buying program to boost the economy. He has stepped back a bit, saying not until the economy shows sustained improvement, which helped spur the Dow and S&P to new record
All Tracked Housing Stocks Gain, or Remain even; Dow and S&P Hit New Highs Read More
A switch by the Federal Emergency Management Agency (FEMA) from Park Model homes to manufactured homes for disaster housing has some FEMA field staff members, among others, shaking their heads. According to the Homeland Security Dept. Office of the Inspector General (OIG), the larger manufactured homes often require siting in
FEMA Disaster Housing: Manufactured Homes instead of Park Models Read More
Private equity firm Green Courte Partners, LLC, of Lake Forest, Ill. has chosen Ryan Bowie as Managing Director in charge of investor relations, portfolio management and fundraising. Having spent 13 years in public and private real estate companies, including stints with Hyatt Hotels Corp. and Strategic Hotels and Resorts, Bowie
Ryan Bowie, Fresh Face at Green Courte Read More
The Eutaw (Ala.) City Council in west-central Alabama near the Miss. border has reaffirmed a 2006 ordinance requiring manufactured home owners who want to replace their existing home with a new one to obtain formal approval from the zoning board in advance. Located in west-central Alabama near the Miss. border, MHProNews
Approval Required before Buying Manufactured Home Read More
The Liberty City Council in Liberty, Tex., just northeast of Houston, revised its ordinance regarding the replacement of a manufactured home destroyed in a natural disaster so it aligns with state law. A home ruined by a fire or natural catastrophe does not count under the one-time replacement rule as
City Revises Manufactured Housing Rule to be in Sync with State Law Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reports the Manufactured Housing Political Action (MHPAC) fund has raised $16,655 this year. He says the fund began the year at zero because all the funds had been spent on the elections in 2012 to good effect: Manufactured housing
Iowa PAC Produces Results for the Manufactured Housing Industry Read More
Minutes released from the Federal Reserve’s last meeting in June reveal about half of the Fed’s officials want the bond-buying program to end this year, seemingly at odds with Reserve’s Chairman Ben Bernanake who had earlier projected it would end mid 2014. In any case, stocks moved slightly higher after
Housing Stocks Closed Mixed; Dow Moves Up Despite Fed Minutes Read More
Dick Jennison, President and CEO of the Manufactured Housing Institute (MHI), will be keynote speaker at the annual RV/MH Hall of Fame Induction Dinner for the Class of 2013 Aug. 5 in Elkhart, Ind. With a background in advocacy and management, Jennison was chosen to lead MHI in Feb. 2012,
Manufactured Housing Institute Head to Keynote RV/MH Induction Read More
The U.S. Senate is considering rewriting the tax code which could eliminate housing tax incentives and thereby negatively affect all home residential construction businesses as well as home values, taxes, and the economy in general. The mortgage interest deduction and the Low Income Housing Tax Credit could both be at
National Association of Home Builders Sounds the Alarm Read More
The Texas Manufactured Housing Association (TMHA) sends a reminder that nominations for the TMHA Board of Directors are due by 5 PM today, July 10, 2013. The two-year term requires four board meetings a year. Postmark, fax, or email your nomination form to caitlin@texasmha.com. Or call (512) 459 1221. Texas
Last Day for TexasMHA Board Nominations Read More
Bringing modular homes into West, Tex. to people displaced by the April 17, 2013 explosion will cost $10,000 each, which does not include hooking up to utilities. The forty units, as MHProNews reported June 11, 2013, would house two families apiece, but will be available only to residents who are
Modular Homes to West, Tex? The City Hopes Read More
The Midland City Council in Midland, Tex. approved a one-year temporary use permit for a 70-unit manufactured home community to house Midland Independent School District’s (ISD) teachers and other employees. Updating a story MHProNews posted June 25, 2013, the council chose to develop ISD owned property instead of leasing sites
School Building Manufactured Home Community for Staff Read More
Debate continues in Williamstown, Mass. about the feasibility of retaining a 224 homesite manufactured housing community that sits in a 100-year flood plain for affordable housing. The Board of Selectmen of Williamstown, Mass. has voted to ask the Conservation Commission to remove the site from conservation restrictions, and then inquire
Manufactured Housing Community to Close, may be Rebuilt Read More
Growing faster than any other segment of the housing industry, the Building Systems Council in Nova Scotia, Canada says manufactured and modular home sales comprise 7-8 percent of the total housing market, having increased in sales by 50 percent the last 15 years. Trevor McKay of the North Grant Park
Manufactured and Modular Home Sales Rise in the North Read More
Alcoa beat forecasts for its second quarter earnings as sentiment continues to be buoyed by the jobs report last week, nudging all three major indexes up in today’s trading. CNNMoney reports the Dow Jones Industrial Average advanced +75.80 points, +0.50 percent, to close at 15,300.49. The Nasdaq rose +0.56 percent,
Most Tracked Housing Stocks, Three Major Indexes Advance Read More
The 25-metropolitan-area RPX Composite home price increased 13.1 percent April 2012 to April 2013, and was up 2.7 percent over March 2013, as Radar Logic Inc. reported in its RPX Monthly Housing Market Report. From its low of $169.62 per square foot in Jan. 2012, the RPX Composite increased 23.7
Home Values Continue Rising Read More
