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.
KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to …
PRWeb informs MHProNews M SPACE has begun leasing studio, one and two bedroom modular homes in the Bakken oil field area in western North Dakota. The 114 Ponderosa and 46 Ridgeview furnished homes began welcoming new residents in January in this oil boom town where some people earning $100,000 annually …
Although consumer sentiment from the University of Michigan’s survey came in higher than expected, and 65 percent of the companies in the S&P 500 beat analysts’ corporate earnings expectations, investors shied away from stocks today. CNNMoney reports the Dow Jones Industrial Average edged up +0.06 percent, +8.37 points, to end …
Following President Barack Obama’s State of the Union address, Rick Judson, chairman of the National Association of Home Builders (NAHB), issued the following statement: “Extremely tight mortgage credit conditions are hampering the housing recovery and hurting job growth. The nation’s home builders were very pleased to hear President Obama acknowledge …
Following up on a story MHProNews posted Jan. 22, 2013 in which the Magnolia (Ark.) Planning Commission placed a temporary moratorium on the siting of MH in the town, the commission has scheduled a meeting to continue discussion for Monday, Feb. 18 in the City Council Chambers. A survey of …
With scattered talk off and on about the possibility of their MHC being sold or closed, the 200 residents of Easton Mobile Home Park in Easton, Mass., long at odds with owner Morgan Management, LLC, have now definitely learned Easton is for sale, according to wicked local. Following Morgan’s acquisition …
The saugertiesx informs MHProNews from east central New York state the town of Saugerties has revised its comprehensive housing plan to exclude affordable housing, including manufactured housing. A public hearing in Nov. 2012 made it clear the town folk prefer single-family housing to rentals and subsidized housing. Initially, wording for …
MHProNews has learned from the Texas Manufactured Housing Association (TMHA) of the four measures in the hopper of the Texas Legislature that could affect the factory-built housing industry. HB 578 would establish state regulatory authority over modular housing, a bill TMHA supports because of the losses modular producers have suffered …
MountainExpress informs MHProNews the U. S Environmental Protection Agency (EPA) is urging communities to apply for EPA’s Smart Growth Implementation Assistance (SGIA) program that will explore innovative strategies in four categories to develop healthier and more sustainable places to live, work and play. The goal is to develop solutions to …
News that a third consecutive quarter of declining growth in the Eurozone at the end of 2012 trumped the U.S. news that first-time unemployment filings fell, along with the two big mergers, leaving the three major indexes to move little. CNNMoney reports the Dow Jones Industrial Average slipped -0.07 percent, …
Negative Growth report from the Eurozone Bums U.S. Stocks Read More
RedLakeNationNews informs MHProNews the first modular housing development in Portland, Ore. opened move-in ready to fanfare Wed., Feb. 13. Commissioner Nick Fish greeted those gathered at the opening ceremony of Kah San Chako Haws (East House in Chinook), a LEED Gold-certified energy-efficient modular apartment complex. Since Native Americans living in …
As PRWeb informs MHProNews, according to market research firm Global Industry Analysts, Inc. (GIA), shipments of prefabricated homes are expected to reach 112,000 units by 2018 in the U.S. as the resurgence in housing and construction activity increases. The study covers manufactured, modular, panelized, and precut housing, but the manufactured …
MHProNews has learned from BusinessWire, Universal Forest Products, Inc. (UFPI), component supplier to the manufactured housing industry, posted net sales for 2012 of $2.1 billion, 12.8 percent better than 2011. Net income for 2012 of $23.9 million more than quintupled the $4.5 million net in 2011. While net sales for …
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society …
Sam Zell on the Housing Market: It’s Going to be a While Read More
MHProNews has learned from RVBusiness that Sun Communities, Inc. has purchased ten recreational vehicle communities in seven states from Wis. to Maine for $111.47 million. Of the 3,700 sites, approximately 40 percent have RVs under annual rental contracts. Southfield, Mich.-based Sun—a real estate investment trust (REIT)–also acquired cottages and homes …
While investors focused on better-than-expected corporate returns, retail sales for January came in lower than expected, and some analysts do not think the market can go much higher without a break. CNNMoney reports the Dow Jones Industrial Average nudged down -0.26 percent, -35.79 points, to end the day at 13,982.91. …
Major Indexes, Housing Stocks we Cover Rather Sluggish Read More
MyWestTexas reports plans for a proposed manufactured housing community for Midland, Tex. have been withdrawn by Brant Greathouse, co-owner of the planned Stone Bridge Estates after learning the Midland City Council was not planning on approving the zoning change request. Council members questioned whether a C-3 commercial district is appropriate …
PRNewsWire reports CoveView Capital Partners, LLC has acquired all the assets of modular builder HandCrafted Homes, LLC of Henderson, NC. Paul Jarvis, the new President of HandCrafted Homes, says, “The infusion of new capital will allow us to fund growth initiatives as the housing markets begin to recover, and is …
The Ledger tells MHProNews residents of MHCs around Fla. are organizing to pressure the Florida Legislature into enacting legislation that would link rent hikes to the Consumer Price Index (CPI) in their communities when a home changes hands. Ed Green says the current system is a deterrent to people interested …
Fla. MHC Residents Organizing to Change Rent Hikes Read More
InForum says Target Logistics’ fleet of modular man camps serving the Bakken oil field in western North Dakota are being sold for $625 million to Algeco Scotsman. The 3,400 units, located in Tioga, Williston, Watford City, and Dunn County, will continue with the Target name but a tag mentioning Algeco …
