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.
One of the pioneering legends of the manufactured home industry, Curtis Olsted, passed away in Oklahoma Wed. night, July 31. During his final days in the hospital, according to Julie Dwyer, he kept wanting to leave to sell more manufactured homes. Deanna Fields, Exec. Dir. of the Manufactured Housing Association […]
Passages: Curtis Olsted Read More
Newham in northern United Kingdom has hired architects to develop the first 40 of 2,000 modular homes for public housing that will be rented for 80 percent of the market rate to the private sector over the next five years. “We were looking for a design that was modern and
Modular Housing on Tap for Northern England Read More
Chicago-based Equity LifeStyle Properties, Inc. (NYSE:ELS) reports the company finalized selling ten manufactured home communities comprised of 4,925 home sites. Received as part of the $1.5 billion Hometown America acquisition in 2011, the properties did not fit the core business strategy of ELS, and overall occupancy only reached 70 percent.
Equity LifeStyle Properties Wheels and Deals Read More
The government of New South Wales (NSW) in Australia is seeking proposals to increase the state’s stock of public housing inventory. A report by the state’s Auditor General revealed while NSW has the most extensive supply of housing in Australia, it only has 44 percent of the affordable housing needed,
Modular Units Considered for Australia’s Public Housing Read More
While many signs in the first half of 2013 indicate the housing recovery is real and palpable—housing starts are up 24 percent over the first half of 2012, existing home sales increased 32 percent year-over-year in June (excluding foreclosures and short sales), and the delinquency/foreclosure rate fell 14 percent—rising mortgage
More Ifs for a Full Housing Recovery Read More
As the Labor Dept. reported first-time unemployment claims dropped to a five-year low, the S&P rose above 1,700 for the first time ever and the Dow rose to an all new high. CNNMoney reports the Dow Jones Industrial Average gained 128.48 points, +0.83 percent, to close at 15,628.02. The Nasdaq
The S&P and Dow Hit New Highs; Housing Stocks Mixed Read More
Following a story MHProNews covered yesterday (July 31) concerning the closing of Dallas West Mobile Home/RV community and subsequent protests led by Carlos Quintanilla, some 30 residents marched up and down the street at owner Cienda Partners offices with signs and slogans Wed. Cienda has offered each of the 42
Residents Protest Closing of Community Read More
A fire that started in a car in Largo, Fla. spread to the adjacent manufactured home but firefighters were able to quickly extinguish the blaze before it caused much damage to the home. The car was in a carport connected to the home at the Ranchero Village Co-op, according to
Fire Spreads to Manufactured Home Read More
The latest data from Harvard University’s Joint Center for Housing Studies reports the rise in housing prices, while lauded by many, is driving many potential home buyers out of the market because incomes are not rising along with home prices. From 2001 to 2011 the number of households paying over
Most Housing Market News is Good, except… Read More
England’s modular builder Easybase Home Limited was founded seven years ago and recently moved with its staff of 18 to a larger facility where it intends to hire up to 300 people over the next 12 months. East Lancashire designer Ian Chew spent two years designing the steel-famed brick-clad semi-detached
Modular Housing Growing in England Read More
Ghana, in West Africa is beginning a 5,000 modular housing project to provide affordable housing in Sege, in the Dangme East District. Deputy Minister for Water Resources, Works and Housing, Sampson Ahi says building will begin next month. A Brazilian construction company will install the homes which are being built
Modular Housing Rising in West Africa Read More
Realizing the importance of manufactured home communities as supportive social networks, Karen Chase helped organize the Housing Stock Upgrade Initiative—now a non-profit called ReHome Oregon—to repair, rehabilitate, and replace manufactured homes. With help from a variety of federal, state and local public and private entities, residents of manufactured homes in
Collaborative Effort will Improve Lives of Manufactured Home Residents Read More
Stocks responded little to the Federal Reserve’s decision to leave the bond-buying program intact, but all three indexes gained between four and seven percent on the month as July drew to a close. CNNMoney reports the Dow Jones Industrial Average dropped -21.05 points, -0.14 percent, to close at 15,499.54. The
Three Major Indexes Gain on the Month; Tracked Housing Stocks Mostly Close Up Read More
The skyline in Natick, Mass. just west of Boston is being altered by a three-story, 12-unit modular apartment building that will have a stucco siding. The 27 modules were manufactured in an Excel Homes facility in Pennsylvania, and will be assembled in three days, according to metrowestdailynews. The units have
Modular Apartments Rise in Massachusetts Read More
Lake Forest, Ill.-based private equity real estate investment firm Green Courte Partners, LLC announces the acquisition of two all-age land lease communities in southern Maine. Incorporating 483 home sites, MHProNews has learned Town & Country Village in Lisbon and Maplewood Manor/Merry Meeting in New Brunswick will be managed by American
Green Courte Adds Two Communities to its Portfolio Read More
Updating a story MHProNews published July 3, 2013 regarding the anticipated closing of the Dallas West Mobile Home/RV community set for Aug. 31, current owner Cienda Partners has extended the final date to Jan. 31. Hispanic rights activist Carlos Quintanilla, representing the residents, had asked for $8,500 relocation allowance for
Residents Offered Relocation Costs as Community Sets to Close Read More
Updating a story MHProNews last published Feb. 15, 2013 regarding a freeze on rents residents of Easton Mobile Home Park won in Easton, Mass. in 2005, and then lost in 2011 when the freeze expired, community residents may see a rent control bill passed in the Mass. legislature that they
Rent Control Passes Massachusetts House Read More
The Housing and Redevelopment Authority (HRA) in Northfield, Minn. intends to purchase and demolish five pre-HUD Code homes in Florella’s Park that have been abandoned for many years, and will also begin the same process for six additional homes. The HRA had to appear in court with the manager of
Abandoned Manufactured Homes Set for Removal Read More
While the S&P/Case-Shiller national home price index of the 20 largest markets remains 24.4 percent below the peak of June 2006, it rose 12.2 percent in May above May 2012, the largest year-over-year increase since March 2006. April 2013 rose 12.1 percent over April 2012. A year ago homes that
Home Prices Continue Rising Read More
Investors continue to cautiously wait for the Federal Reserve’s report tomorrow (July 31) following their two-day policy meeting. Even though housing prices continue to rise, the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average edged down -1.38 points, -0.01 percent, to close at 15,520.59. The Nasdaq
Three Major Indexes Barely Move; Most Tracked Housing Stocks Fall Read More
