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.
The battlecreekenquirer reports a group of residents from the Triangle Mobile Home Park in Emmett Township, Mich., which has not had a valid license since new owners assumed control in 2010, took their complaints about the community’s conditions to a meeting of the Michigan Manufactured Housing Commission. However, because complaints …
With all three major indexes up six to eight percent for the year, investors took a step back, digesting mixed housing market news, as all three indexes fell. CNNMoney reports the Dow Jones Industrial Average moved down -0.77 percent, -108.13 points, to end the day at 13,927.54. The Nasdaq dropped …
Mfg. Housing Composite, Patrick, Drew, and LPX all Drop Read More
RVBusiness informs MHProNews the RV/MH Heritage Foundation in Elkhart, Ind. has announced the names of those to be inducted into the Class of 2013 RV/MH Hall of Fame. In addition to five inductees from the RV sector, which includes Lawrence Lippert, founder of Lippert Components, Inc., now a subsidiary of …
Updating a story we ran Feb. 18, 2013 concerning Ridgefield Modular Home Corp.’s application to build a modular housing complex comprised of six units in two buildings in Ridgefield, Conn., according to ridgefieldpatch the Inland Wetlands Board (IWB) intends to deny the application based on insufficient information about drainage and …
DailyMarkets says Drew Industries, Inc. (NYSE:DW) reports net sales for the fourth quarter ending Dec. 31, 2012 totaled $200 million, 25 percent higher than Q4 2011. Net income for the period grew 39 percent over last year’s comparable period, from $4.1 million to $5.7 million, although an executive succession after-tax …
MSN Real Estate is running a video of the late veteran newscaster Walter Cronkite doing his regular half hour news show in 1967, predicting the rise of home offices in the 21st century. Although several of his devices are larger than what we actually use today, he accurately predicted video …
KWCH-TV 12 reports from Anthony, Kan., housing is in such short supply due to the demand for housing from oil field workers tapping into the Mississippi Limestone formation, the Anthony City Commissioners have approved a special use permit to allow six modular units to be sited in the southeast corner …
The Manufactured Housing Institute (MHI) informs MHProNews Sen. Jerry Moran (R-Kan.) introduced legislation to replace the Consumer Financial Protection Bureau (CFPB) director with a five-member commission, and make it accountable to the same appropriations as most other federal agencies. House Financial Services Committee Chairman Jen Hensarling (R-TX) indicated that the …
Jay Hamilton of the Georgia Manufactured Housing Association (GMHA) informs MHProNews his office has moved to an early 1900’s railroad depot in the downtown Historic District of Forsyth, Georgia. The Southern Railway and Central of Georgia Railway traveled through Forsyth between Macon and Atlanta. GMHA’s new contact information is 199 …
The possible merger of Office Max and Office Depot gave investors something to smile about as the Dow and S&P rose to new five-year highs. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.91 points, to end the day at 14,035.67. The Nasdaq gained +0.68 percent, +21.57 …
Housing Composite Spikes, all Three Major Indexes Rise Read More
Federal Housing Administration (FHA) Commissioner Carol Galante, telling the House Financial Services Committee her agency will not likely need Treasury assistance this year, says the FHA has raised its insurance premiums five times since 2009, is raising them again April 1, and is issuing new regulations to reduce losses. The …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for single-family newly-built homes dropped one point to 46 this month as builder confidence leveled off. A score of 50 or better indicates builders see the market as good versus poor, as MHProNews understands. Having been conducted for …
Although it has won praise from bankers and housing advocates, New Jersey State Senator Ray Lesniak’s bill that would allow the state to buy foreclosed homes from institutional investors to use as affordable housing passed the legislature, but was vetoed by Gov. Chris Christie in last year’s session. Another bill …
NewswireCa tells MHProNews Halifax, Nova Scotia-based Killam Properties, Inc. (TSX:KMP) announces the board of directors has declared a monthly dividend of $0.04833 per share that will be paid to shareholders of record Feb. 28, 2013 on March 15, 2013. This is the same monthly dividend amount that was paid Nov. …
Dispelling the notion in South Korea that modular construction is seen as cheap or unsafe, the Dong-A Ilbo informs MHProNews a dormitory for foreign workers of Posco Steel, comprised of 18 modules, called MUTO, has steel-framed reinforced concrete construction. After the infrastructure was readied, the modules were assembled in three …
American Banker informs MHProNews eight additional state attorneys general have requested to join a lawsuit originally filed by a Texas community bank and two conservative organizations challenging the constitutionality of the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB). The suit focuses on the Orderly Liquidation Authority in Title …
SeekingAlpha tells MHProNews MHC owner Sun Communities, Inc. ranks number five of the REITS (real estate investment trusts)in the tax advantaged and high yield sector with a 5.56% annual yield. The Dow Jones REIT Index peaked at 356 in 2007, dropped to 86 two years later, and came back to …
The elkodaily reports from the northeastern part of Nevada, some years ago about 1,100 homes were given the wrong addresses, 75% of those in manufactured housing communities. Either the numbers are out of sequence or they are on the wrong side of the street in Elko, defying digital map-based software …
All U.S. stock markets will be closed today, Mon., Feb. 18 in honor of Presidents Day. Markets will re-open tomorrow, Tue., Feb. 19 at 9 AM. (Photo credit: Wikipedia)
As follow-up to a story we posted Jan, 28, 2013 concerning an eleven-unit modular multi-housing project in Ridgefield, Conn., theridgefieldpress informs MHProNews the encroachment on existing wetlands may spell doom for the planned development. After neighbors raised objections to the project at subsequent public hearings, Ridgefield Modular Home Corp.’s application …
