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.
Universal Forest Products, Inc. (UFPI) reports second quarter 2013 net sales of $738.4 increased 24.4 percent over the $593.7 net sales for the same period of 2012. Second quarter net earnings for 2013 equaled $15.8 million compared to $17.5 million for the same period 2012, although 2012’s earning included gains […]
Universal Forest Products, Inc. Sales Gain for Q2 213 Read More
The Dow and S&P reached new highs in today’s trading amid a drop in jobless claims and positive corporate returns that pleased investors. CNNMoney reports the Dow Jones Industrial Average gained +78.02 points, +0.50 percent, to close at 15,548.54. The Nasdaq moved up +0.04 percent, +1.28 points, to end the
All Tracked Housing Stocks Gain; Dow and S&P Set new Highs Read More
In the forefront of the news recently has been the ability to make a handgun using 3-D printing technology. The next industrial revolution will be the advent of 3-D printing technology that will create everything from fine jewelry to body parts to large machinery to homes. Objects are constructed in
Build your Home with a 3-D Printer? Read More
With $1 million in financing from ROC (resident-owned communities) USA Capital, Prairie Lake Estates land lease community became Prairie Lake Estates Homeowners Cooperative, as the residents of this 70 homesite community became a Wisconsin limited-equity housing co-op corporation. The Northcountry Cooperative Foundation (NCF) provided leadership and technical support to the
Wisconsin Land Lease Community Converts to Co-operative Read More
Building permits for single-family and multifamily housing construction are on the rise in Alaska’s capital city, Juneau for this year, including investment in manufactured housing (MH). An MH community in town has replaced 12 older homes with 12 brand new manufactured homes, according to Community Development Director Hal Hart. Additionally,
Juneau Sees New Manufactured Housing Read More
Based on what they call a Universal Grid, Cannon Design has designed medical facilities using modular units the company says are useful in any health care application project. Because of its adaptability and quicker turnaround production time compared to site-built, it saves money and time and allows for alteration in
Cannon Creating Medical Facilities with Modular Units Read More
According to government figures the pace of home building fell in June, mostly due to a drop in multifamily construction, as single-family starts fell one percent from May to June although the rate is still ten percent above year-ago levels. Work began on new homes at a seasonally-adjusted annual rate
Home-building Starts and Permits Drop Read More
U. S stocks made modest gains as Federal Reserve Chairman Ben Bernanke, testifying before Congress, said the Fed will take a measured approach to the economy, tapering quantitative easing as the economy improves but increase it if the economy starts to falter. The three major indexes advanced ever so slightly,
Three Major Indexes Nudge Up as do Most Housing Stocks we Follow Read More
Site development of the first of four modular homes is set for Monday, July 22 in Chambersburg, Penn., with two of the three-bedroom two-story homes ready for occupancy Oct. 1 of this year. The goal of city officials is to encourage affordable homeownership in the Southgate area where millions of
Affordable Modular Homes Rising in Pennsylvania Read More
The housing shortage in Minot, North Dakota has been exacerbated by the Souris River flooding in 2011 and the oil boom in western ND, and extends to Minot State University where a shortage of 75 beds for the coming fall semester exists. Beaver Lodge, modular housing installed in 2011, will
Modular Units will House Students again this Year Read More
The definition of a dwelling in the Sussex County Code in southern Delaware is, “A building or portion thereof containing cooking and housekeeping facilities, designed or used exclusively for residential occupancy…,” but it excludes hotels, motels, lodges, tourist courts as well as manufactured housing (MH). An editorial in capegazette.villagesoup asks
When is a Manufactured Home not a Dwelling? Read More
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s third consecutive monthly gain and the highest reading since Jan. 2006. Based on builder perceptions of current home sales, traffic of
Newly-built Housing Index Highest in Seven Years Read More
Following two years of uncertainty, the U S. Senate confirmed Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB) by a 66-34 vote. While an outstanding lawsuit questions the original recess appointment of Cordray to the post by President Barack Obama, the confirmation solidifies the director’s position as
Cordray Confirmed to Head Consumer Financial Protection Bureau Read More
On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs), which would include manufactured home loans. Imposed by the Dodd-Frank Act, mortgage loans are considered to be higher-priced if
Exemption for certain Manufactured Housing Appraisals on Tap Read More
Mixed corporate results and anticipation of Federal Reserve Chairman’s Ben Bernanke testimony before Congress on monetary policy tomorrow, Wed., July 17 added up to minor losses for the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -32.41 points, -0.21 percent, to close at 15,451.85. The Nasdaq lost
Indexes Edge Down; Tracked Housing Stocks Close Mixed Read More
Patrick Industries, Inc., manufacturer and distributor of component parts for the manufactured housing and recreational vehicle industries will release its Q2 2013 financials before the market opens July 25, 2013. Based in Elkhart, Ind., Patrick reported a first quarter increase in revenue of 38.4 percent which produced income of $5
Patrick Ind. Set to Release Financials Read More
Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site
Two California Land Lease Communities Obtain Financing Read More
The Magnolia, Ark. Planning and Zoning Commission has proposed restricting manufactured homes (MH) to R-3 zoning, thereby keeping it out of R-2 and R-1 zoning. The new measure would require amending zoning laws for most of this whole city, located in southwestern Arkansas, as MHProNews has learned, affecting hundreds of
City Planners Restricting Manufactured Housing Sites Read More
A new development that will feature affordable, manufactured housing is set to rise on Horseshoe Bay South near Spiceland, Texas, just west of Austin. Owner of Austin Star Roofing Taurino Diego bought 163 undeveloped lots that he will build out for manufactured homes, along with realtor partner Dana Martin of
Affordable Manufactured Housing Community for Texas Read More
Updating a story MHProNews last published May 27, 2013 regarding the plagued Sunset Village manufactured housing community in Glenview, Ill., new owners have purchased the property out of a three-year foreclosure. Former owner Richard Klarchek was sued by Cook County and the state for failing to adequately address water quality
Sun Rises Once Again on Sunset Village Read More
