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.
After a run-up at the beginning of the day, investors took a break and engaged in a late-day sell off as concerns mounted over possible political instability in Italy, although some analysts suggested the three major indexes needed a cooling off period after running at records. In the end, the …
Nobility Runs Up; Indexes, other Housing Stocks Run Down Read More
Don Glisson, Jr. has stepped down as Chairman of the Manufactured Housing Institute (MHI) for personal reasons. Nathan Smith, who was previously elected vice-chairman, has now assumed the role of chairman. A motion was passed thanking Don Glisson Jr. for his service, who as president of Triad Financial Services will …
Nathan Smith takes over as MHI Chairman, as Don Glisson, Jr. steps down Read More
MHProNews has been informed Gay A. Westbrook has been chosen to promote the Manufactured Housing Institute’s (MHI) legislative and political agenda as Vice-President of Political and Public Affairs. With over two decades experience developing policy initiatives, grassroots support, and fundraising, she will also coordinate efforts at the state association level …
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), in the final quarter of 2012 74.9 percent of all homes sold in the U. S. were affordable to households making the U. S. median income of $65,000, up from 74.1 percent in the previous quarter. …
The RV/MH Hall of Fame Museum in Elkhart, Ind. still has until April 30 to reach the $150,000 contribution mark to meet the Robert “Boots” Ingram family’s challenge grant that would pay off the Hall’s bank note to 1st Source Bank. Contributions so far are just under $50,000, leaving about …
C. Jay Hamilton, Executive Director of the Georgia Manufactured Housing Association (GMHA) informs us of the death of Paul Wilson, 66, of Thomson, Georgia, a longtime member of the GMHA. Paul began in the MH industry at the age of 16, working in sales with Ken Varney, Rob Douglas, and …
The marshfieldnewsherald informs MHProNews a woman at the 37-site Birch Tree Estates MHC in Plover, Wis. brought domesticated rats home from pet stores, and over time they bred with wild rats and soon the rodents numbered in the hundreds. The woman has been evicted, and motion sensors in the house …
SmartPlanet tells MHProNews two Argentinian architects have developed a foldable disaster relief modular structure that can be carried seven to a flatbed truck and unfolded and ready to use in 30 minutes. Made of insulated thermal panels, much like a grocery store’s cold storage room, the units can be connected …
Better than expected corporate returns from Hewlett-Packard and insurance giant AIG helped boost U.S. stocks, adding nearly one percent to the three major indexes. CNNMoney reports the Dow Jones Industrial Average gained 0.86 percent, +119.95 points, to finish at 14,000.57. The Nasdaq advanced +0.97 percent, +30.33 points, to close at …
Responding to an article in newschief concerning the push by manufactured housing community (MHC) residents in Fla. to limit rent hikes, the writer argues that homeowners should gain from the equity they put into their homes when they try to sell it. Currently, when a home changes hands the site …
As MHProNews has reported in the Daily Business News for several years now, the oil boom in western North Dakota’s Bakken Region has brought an influx of factory-built housing to the area, including modular man camps, manufactured and modular homes, even some Federal Emergency Management Agency trailers to house employees …
Not long ago Florida had one of the highest foreclosure rates in the country. As HousingWire informs MHProNews, in Jan. closed sales of existing single-family homes rose 11.7 percent over last Jan. to 13,679, while pending home sales for existing single-family homes jumped 31 percent versus last year. The median …
The democratherald tells MHProNews the manufactured homes used to display the energy efficiency of a BASF HVAC system at the International Builders Show in Las Vegas were made by Palm Harbor Homes at their Millersburg, Ore. facility. The “BEYOND High Performance” homes are built to achieve a Home Energy Rating …
CNNMoney reports the National Association of Realtors says previously-owned homes sold at an annual rate of 4.92 million in Jan., 2013,, a nine percent increase since last year at this time. Home prices climbed 12.3 percent to a median of $173,600, the largest percent gain in eight years. There was …
While the major indexes continue to be up 3-6% for the year, today weak economic numbers, reports of soft sales at Wal-Mart, and ongoing financial troubles in Europe saw the indexes drift lower in the second straight day of drops in the market. CNNMoney reports the Dow Jones Industrial Average …
As modularhomecoach tells MHProNews, in blasting the lack of positive PR for the modular housing industry, the blog says neither the National Association of Home Builders (NAHB) nor the Modular Building Systems Association (MBSA) cares if Baby is left in the corner, but like Johnny says in Dirty Dancing, “nobody …
Etruth reports from Elkhart, Ind. RV and MH component producer Patrick Industries, Inc. announces fourth quarter 2012 net sales of $106.1 producing net income of $3.2 million, versus 2011 Q4 sales of $78.3 million with $1.5 million net income. For 2012 net sales increased $129.6 million over 2011 to $437.4 …
The Recorder reports from Greenfield, Mass. an area builder has begun producing DIY modular eco-kits for people who want to build their own energy-efficient homes. Each Noble Home is custom designed to the owners specifications, and the kits include thick plastic foam core wall and ceiling panels, exposed beam truss …
According to hostmadison, the city of Madison, the state of Wis., and the Federal Emergency Management Agency (FEMA) are partnering to build a storm shelter for the 540 residents of the Highland Manor Mobile Home Park on the southside of Madison. With an $1.18 million FEMA grant, the $1.52 million, …
The National Association of Home Builders (NAHB) tells MHProNews while the number of permits issued for new housing starts rose 1.8 percent in Jan. to a seasonally-adjusted annual rate (SAAR) of 925,000—the best rate since the middle of 2008—the number of overall actual housing starts nationwide dropped 8.5 percent to …
Single-family Starts Steady; Multi-family Starts Drop Read More
