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.
Wolfpack Chassis of Kendallville, Ind. has received $125,000 in seed money from non-profit Elevate Ventures’ Indiana Angel Network Fund (IANF), according to what insideindianabusiness tells MHProNews. Starting this winter, Wolfpack, located in northern Ind. near other MH and RV-related firms, will manufacture chassis and chassis components for the manufactured home […]
MH Chassis Start-up Starts in Ind. Read More
Following-up on a story from this morning regarding housing statistics distinction between manufactured homes and mobile homes in Morgan County Colo., apparently an MHC closed and special dispensation was given to the residents who owned pre-HUD Code homes to relocate elsewhere in the county. fortmorgantimes news editor Dan Barker tells
MH Distinction Solved Read More
TotalMortgage informs MHProNews if you live in a rural area and meet the income qualifications you may be eligible for a USDA Home Loan, with no down payment, 100% financing including closing costs, government guaranteed and competitive rates. Part of the US Dept. of Agriculture’s Rural Development Single Family Housing
USDA Loans Include HUD and MOD Read More
The fortmorgantimes in northeast Colorado tells MHProNews building permits for single-family homes rose 50 percent to 18 from 2011 to 2012 in Morgan County, with an average price of $244,890 each. The county also issued eight permits for manufactured homes and eight for mobile homes in 2012, up from five
When is an MH not an MH? Read More
As kjonline tells MHProNews, workers are putting the finishing touches on the Augusta Civic Center in preparation for the 25th Annual Maine Manufactured Housing Show. There are eight houses inside the center and one outside for the show that runs this weekend, Feb. 1-Feb 3, Fri. thru Sun., in Augusta
Maine Prepares for MH Show Read More
While stocks remain near all time highs, they fell slightly today on news the economy contracted in Q4 2012. Meanwhile, the Federal Reserve says it will keep its bond-buying program intact. CNNMoney reports the Dow Jones Industrial Average nudged down -0.32 percent, -44 points, to end the day at 13,910.42.
Most Tracked Housing Stocks Fall Read More
RTTNews says Equity LifeStyle Properties (ELS) reports revenues for Q4 2012 increased to $171.93 million from $162.32 million for the same period in 2011. Funds from operations (FFO) for the fourth quarter hit $50.3 million, or $1.11 per share, as compared to $44.8 million, or $0.99 per share for the
ELS Reports Q4 Financials Read More
According to nationalmortgagenews, newly elected Representative John Delaney (D-MD) will take his seat on the House Financial Services Committee with an eye on reforming the nation’s housing finance system and reducing government intervention. With a background including establishment of a healthcare finance company and organizer of BancAlliance, a community loan
Freshman Congressman (and Banker) Sets Sights on Housing Read More
MHProNews has learned the Texas Manufactured Housing Association (TMHA) is sponsoring a Capitol Visit Day Tue., March 5 for industry members to demonstrate their strength to legislators during the state’s legislative session. Participants will receive a packet of information with talking points for specific legislators, and will visit their offices
TMHA Converges on the Capitol Read More
CNNMoney says the S&P CaseShiller home price index (HPI) of 20 major metropolitan markets indicates prices in Nov. were up 5.5 percent over Nov. 2011, the largest monthly increase since Aug. 2006, before the housing balloon deflated. As MHProNews understands, rising prices means fewer homeowners will be underwater on their
Underwater Borrowers Beginning to Float? Read More
The Asbury Park Press reports the federal government has sent $780 million in grants and loans to New Jersey for Hurricane Sandy relief. The figure includes over $300 million in housing assistance for 52,000 people and $338 million in loans from the Small Business Administration (SBA) for individuals and businesses.
Manufactured Housing for Hurricane Survivors Read More
A report showing home prices posted their biggest increase in six years was weighed down somewhat by an unexpected drop in consumer confidence. Meanwhile, the Dow and S&P approached new all time highs, currently 14,164 and 1,565, respectively, from Oct. 2007. CNNMoney reports the Dow Jones Industrial Average nudged up
Skyline, Nobility Gain Nicely; Dow, S&P Approach Records Read More
The MHI says the U. S. Court of Appeals for the District of Columbia district ruled the Obama administration did not have the authority to fill three recess appointments to the National Labor Relations Board (NLRB) Jan. 4, 2012. That was the same day President Obama made a recess appointment
Cordray Out the Doorway? Read More
The timesunion reports 40 housing modules are on their way from the Port of Albany, in New York, to St. John’s, Newfoundland, Canada for housing offshore drilling workers. Manufactured by a Champion Homes plant in Sangerfield, NY, the modular homes are destined for Exxon/Mobil’s Hebron Project that seeks to recover
Drilling is Good for Factory-built Read More
StaceyPageOnline says the petition to the Board of Zoning Appeals for a variance by Forest Manor Mobile Home Community in Warsaw, Ind. has been approved. The MHC intends to add 29 homesites. MHProNews has learned there were no objections from neighbors. (Photo credit: gfhomesandland)
According to The Press Enterprise, a Chinese maker of scaffolds for the construction industry is purchasing a former Skyline Corp. RV plant in Hemet Calif., just southeast of LA. Skyline closed the facility in April 2012, eliminating 80 jobs. As MHProNews understands, Elkhart, Ind.-based Skyline maintains a manufactured housing plant
Skyline Facility Changes Hands Read More
TradingCharts reports Cavco Industries, Inc. will release its earnings report for Q3 of fiscal year 2013 Thurs. Jan. 31 after the market closes. Senior officials will discuss the results in a live webcast Fri. Feb. 1 at 11:00 AM eastern time. Listen via Internet: http://www.cavco.com under the Investor Relations link.
Cavco Releasing Financials Read More
According to crainsnewyork, CEO and Chairman of Forest City Ratner Bruce Ratner is relinquishing his role as CEO, and Mary Anne Gilmartin, who became executive vice-president in 2007, will replace him. Although it is not clear why or when, one source said Ratner would clearly continue to be involved with
A Prefab Grows in Brooklyn, p.3, or-Massive MOD Project Changes Head Read More
Investors hung back against the wall of the dance floor despite positive economic and corporate news, cautious about pushing prices higher following four strong weeks of gains, as the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average dropped -0.10 percent, -14.05 points, to end the day
Positive Economic Indicators Move Sluggish Stocks Little Read More
WoodworkingNetwork reports Okaply Industries, a producer of plywood, vinyl laminated panels, MDF, particleboard and mouldings for the manufactured housing and commercial modular industries, is opening a fully-equipped moulding dept. at its facility in Calgary, Alberta Canada. Based in Opa, Quebec, just north of Montreal, Okaply opened the plant in Calgary
MH Component Maker Expanding Read More
