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.
CNNMoney tells MHProNews investors are dashing to buy assets in every aspect of the housing supply chain—builders, undeveloped land, foreclosed homes, and building suppliers. Paulson and Co. has bought enough land in three western states to build up to 25,000 homes and is looking for more. Blackstone Group (BX) shelled […]
Investors Looking to Cash in on Housing Market Rebirth Read More
According to atl.gmnews, some 17 manufactured homes are being prepared for occupancy at Pine Tree Mobile Home Park in Eatonton, New Jersey for people who still do not have a place to call home as the result of Hurricane Sandy. The rents will be from $750 to $850 with the
Hurricane Sandy Homeless Still being Placed Read More
Tech stocks drove the rally on Wall Street today as news spread of the $24.4 billion leveraged buyout of Dell computer, sending the Dow to just under the 14,000 mark. CNNMoney reports the Dow Jones Industrial Average advanced +0.71 percent, +99.22 points, to end the day at 13,979.30. The Nasdaq
Dow Gains, Housing Stocks Close Mixed Read More
From north of the border CBC News reports single room factory-built trailers once used by the De Beers diamond company for housing mine workers and donated to Attawapiskat First Nation in 2009 for temporary shelter have become permanent housing for some. Others have fallen into such disrepair as to be
First Nation Housing Shortage Continues Read More
HousingWire reports that non-profit NeighborWorks America and Wells Fargo have provided $27 million in down payment assistance grants to help 1,624 moderate-income buyers purchase a home. Initially begun in Los Angeles and Atlanta in 2012, the program has provided $15,000 to $30,000 down payment grants to those who meet the
Private, Non-profit Support Affordable Housing Read More
Following a story we last published May 8, 2012 in which state-run Citizens Property Insurance in Florida stated it would no longer insure carports and porches, legislation has been filed in both chambers that would require them to do just that. In a bill backed by the Federation of Manufactured
Legislation would Demand Insurer Offers Full Coverage Read More
The Manufactured Housing Institute’s (MHI) monthly economic report says 3,513 new manufactured homes were shipped in Dec. 2012, down 8.5 percent from Dec. 2011 shipments of 3,838 homes. MHProNews understand year-to-date shipments for 2012 stand at 54,891, an increase of 6.4 percent over the 51,606 homes shipped in 2011. (Photo
Dec. MH Shipments Drop Read More
On the heels of reaching a near-record high last week, the weight of Eurozone politics held sway, sending the Dow down over one hundred points. CNNMoney reports the Dow Jones Industrial Average fell -0.93 percent, -129.71 points, to end the day at 13,880.08. The Nasdaq dropped -1.51 percent, -47.93, to
All Three Indexes Fall; Cavco and Patrick Take a Tumble Read More
Seacoastonline reports from Saddle River, New Jersey that the image of factory-built homes is notching up, as investors and high-end home shoppers see the benefits of an energy-efficient modular home with all the amenities and strength of a site-built home, customized to order via a 3D monitor and working with
Modular Swinging Upscale Read More
As MHProNews understands, more home show events are including factory-built housing in their lineup of vendors. The latest is the WNY Home and Garden Exposition at the Hamburg Fairground Events Center Feb. 7-10 in western New York, just south of Buffalo. Twin Lakes Homes of Yorkshire, NY will display a
Traditional Home Show to Include Modular Read More
The salemnews reports from Peabody, Mass. the bunkhouse used by migrant workers who pick apples at a city-owned orchard is in such bad shape from normal wear and tear over the years the city may replace it with modular housing. Some of the same Jamaican fruit pickers have been coming
Modular to House Migrant Workers Read More
According to Whiteville, the city of Whiteville in south central North Carolina has received a Community Development Block Grant (CDBG) of $525,000 under the new catalyst program, which requires strict non-discrimination procedures, and the city government must make every effort to include public input on how the funds are spent.
Block Grant will Rehab MH Read More
The Olympian reports Puget Sound Energy (PSE) is offering free energy upgrades to residents of manufactured homes who have electric forced-air for their primary heat source in Thurston County, Wash., the Olympia area. With up to a $500 value per home, and four out of five manufactured homes with leaking
PSE Offers Free Energy Upgrades to MH Read More
Several Washington insiders have been invited to speak at the Manufactured Housing Institute’s (MHI) Legislative Conference and Winter Meeting Feb, 24-26 in Arlington, VA. The lineup includes Byron York, chief political reporter for the Washington Examiner and syndicated columnist; chief economist and vice-president of Freddie Mac Frank Nothaft, a noted
MHI’s Conference Offers Top Speakers Read More
Signs of an apparent healthy economy pushed the Dow above 14,000. for the first time since 2007, and less than 200 points from its all time high of 14,198.10. Good news from the job market, the manufacturing sector, construction spending and consumer sentiment spurred all three indexes over a one
Dow Tops 14,000; Gains Spread over Most Stocks we Follow Read More
According to what nationalmortgagenews tells MHProNews, Comptroller of the Currency Thomas Curry says the Consumer Financial Protection Bureau (CFPB) is the “specialist examiner” while the other three regulatory agencies are “general practitioners.” Speaking to consumer compliance examiners, he stresses the importance of regulators working together on Dodd-Frank because “Some of
The CFPB as Regulatory Surgeon Read More
The Times-Reporter reminds readers that manufactured home taxes for the first half of 2013 in Tuscawaras County, Ohio are due and payable March 1, 2013 at the treasurer’s office. For the first time payments may be made 24/7 at a drop box near the County Office Bldg. in downtown New
GlobeNews reports Cavco Industries, Inc.’s financials for the fiscal third-quarter 2013 reveal net sales remained the same as for same quarter 2012–$114.6 million. Net income was $3 million for both. The first nine months of FY 2013, which ended Dec. 29, 2012 saw sales drop by $.01 million from the
Cavco Financials: Holding Steady Read More
Modular builder and energy services provider Black Diamond Group Limited of Calgary, Alberta, Canada announces it will release its year-end and fourth quarter financials after the market closes Tue., March 12, 2013. Top company officials will discuss the results at 4:30 MST that same day. As PRWeb tells MHProNews, from
Black Diamond Setting its Financials for Release Read More
NewsMail tells MHProNews 1,000 homes in the Bundaberg, Australia area will need assistance following floods that inundated Queensland in eastern Australia and shut down 300 roads, including two major highways to the state capital in Brisbane. Minister for Housing and Public Works Tim Mander says, “Right now we’ve got enough
Modular Homes for the Inundated Down Under Read More
