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 National Association of Home Builders (NAHB) reports the Census Bureau’s biennial survey “Characteristics of Home Buyers” which covers 6.8 million home sales in 2009 and 2010, reveals price and proximity to work were the overriding concerns for first time home buyers. “The majority of trade-up buyers (36%),” says NAHB’s […]
Survey Characterizes Concerns of Home Buyers Read More
The columbiamissourian tells MHProNews the High Hill Circle Mobile Home Park in Columbia, MO will expand by 16 homesites if the Doris Overton Trust, the owner of the MHC, has its way. The proposal would rezone the 26.4 acres from moderate density residential to residential manufactured home. The major infrastructure
Zoning Change will Allow more MH Read More
JetsonGreen informs MHProNews the mathematician who figured out how to turn a perfect square into an equilateral triangle led to the creation of D*Haus Company, which makes modular homes in four different versions from a kit. Each version can be configured in eight or more different ways, to take advantage
SmartCompanyAu reports from down under modular builder Mornington Park Homes has been placed in receivership after 32 years in business, and corporate advisory firm McGrathNicol is seeking buyers for the assets of what was once Tasmania’s leading producer of modular homes, having produced nearly 32,000 homes. Despite reports that the
MOD Builder goes under Down Under Read More
NewswireCanada says Killam Properties, Inc. reports funds from operations (FFO) in Q4 2012 rose 15.7 percent over the same period for 2011, and overall net operating income (NOI) increased 1.4 percent year-over-year. For 2012, FFO increased 13.7 percent 2012 over 2011, and overall net operating income rose 5.4 percent 2012
Killam Reports Financials for 2012 Read More
KnoxNews informs MHProNews Warren Buffett, chairman of Berkshire Hathaway, which is the parent company to Clayton Homes, says the company produced 25,872 homes in 2012, an increase of 13.5 percent over 2011. “That output accounted for about 4.8 percent of all single-family residences built in the country, a share that
Clayton’s 2012 Earnings Rise $100 Million Read More
The Dow hit a new high today at 14,286.37, topping the intraday and closing records set in 2007.CNNMoney reports the Dow Jones Industrial Average moved up, gaining +0.80 percent, +113.28 points, to close at a record high of 14,241.10, having gained nine percent since the beginning of the year. The
Dow Hits New Record High; Tracked Housing Stocks Mostly Gain Read More
The charltoncountyherald reports from Folkston, GA in the southeastern corner of the state that Lifestyle Cabinetry, a division of Universal Forest Products, Inc. (UFPI), will be opening soon in the Okefenokee Industrial Park. Once a truss plant, Lifestyle will initially hire a dozen workers, and intends to hire up to
Universal opens Cabinet Shop Read More
According to the superiortelegram, the tiny town of Maple, Wis. (pop. 749) will see its revered old schoolhouse revived as a modular home manufacturing plant that will employ up to 30 people. The only other large employer in this far northwestern corner of the state is the school system, which
MOD Prod. Moves into School Read More
The Salt Lake Tribune informs MHProNews a measure that unanimously cleared a House of Representatives committee is more favored by MHC residents than by MHC owners. HB143’s sponsor says today’s manufactured homes are expensive to move if someone’s site lease is terminated, and defines acceptable reasons for eviction. It says
Legislative Measure Designed to Protect MHC Residents Read More
CNNMoney reports Berkshire Hathaway Chairman Warren Buffett, noting the sell-off in stocks recently when Federal Reserve meeting minutes indicated some members wanted to slow the buying of assets, says once the Federal Reserve actually starts selling the trillions in mortgages and Treasuries, the market reaction could be extreme. “All over
The Oracle of Omaha Opines Read More
MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR), according to data from the Dept. of Housing and Urban Development (HUD), for the first month since Sept. 2012 the manufactured housing industry recorded an increase in production in Jan., 2013. HUD Code manufacturers turned out 4,242 homes,
MH Shipments Record 1st Increase in Five Months Read More
The sequestration budget cuts did not seem to deter investors as all three indexes inched higher, the Dow getting ever closer to its all time high set in Oct. 2007. Joe Bell, senior market analyst at Schaeffer’s Investment Research, says, “It’s encouraging to see the market shrug off things that
Investors Unfazed by Budget Cuts Read More
According to nationalmortgagenews, Fiserv Case Shiller predicts by the end of the year home prices will be on the rise in every metro area in the U. S., and conditions point to a continuous recovery in the housing market through 2017. Fiserv says the data that shows price increases were
Home Prices to Rise 3.3% Annually Read More
HousingWire tells MHProNews the $85 billion sequestration cuts may affect several housing initiatives, including ones aimed at low-income households and individuals. The National Association of Realtors (NAR) says the Federal Housing Administration (FHA) admitted the time frames for FHA loans may be impacted; furloughs at the Dept. of Agriculture may
Cuts could Cut those Wounded even More Read More
The dailyfreeman informs MHProNews that a modular home on the verge of being sold to a low-income family in Kingston, NY is the center of some controversy, due to the former mayor’s connection to the company that originally sold the home to the city and Ulster YouthBuild in 2011. The
New York City to Sell MOD Read More
Killam Properties, Inc. says the company has partnered with Corporate Research Associates to offer residents of its manufactured housing communities and apartments the opportunity to offer suggestions and opinions through on-line surveys. Participation is voluntary, personal information will not be shared, and responses will be collected in aggregate and not
Killam becomes Interactive Read More
MHProNews has learned from enterprisenews that Richard Sergi will step down as executive director of the Brockton Housing Authority (BHA) after 22 years in the post, as he battles cancer. The Massachusetts Chapter of the National Association of Housing & Redevelopment Officials awarded Sergi with their President’s Award in 2011.
Modular Proponent Steps Down Read More
The setexasrecord tells MHProNews an east central Texas woman has filed suit against Oak Creek Homes of Vidor, TX accusing the dealer of deceptive trade practices and breach of warranty for a manufactured home she bought in Sept. of 2010 for $55,406. Noting the home has been repaired ten times
MH Purchaser Displeased with Home Read More
StreetInsider informs MHProNews that UMH Properties, Inc. (NYSE:UMH) has finalized its deal for ten all-age MHCs for $67,500,000, a total of 1,654 developed home sites to add to its portfolio. The acquisition includes five communities in Ind., four in Penn., and one in Mich., with an average occupancy of 85
