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.
Nationalmortgagenews reports the national value of homes remains $5.8 trillion short of the $29.5 trillion peak from the third quarter of 2006, according to home-listing service Zillow Inc. As the housing market recovers from its worst slump in 75 years, house values advanced six percent this year, the first increase […]
Housing Values Keep Adding Up Read More
CrainsCleveland reports Freehold, New Jersey-based UMH Properties has acquired 125-site Olmsted Falls MHC in the southwestern suburbs of Cleveland, Ohio for $3.6 million. The 14-acre property in Olmsted Falls marks UMH’s second MHC acquisition this month just outside Cleveland. As MHProNews reported Dec. 4, 2012, it purchased 141-site Twin Oaks
UMH on the Buying Path Again Read More
LowerProvidencePatch reports the Southeastern Pennsylvania American Red Cross delivered emergency preparedness and fire safety literature to 440 residents of four MHCs in Lower Providence Township, northwest of Philadelphia. Students at St. Gabriel’s Hall helped assemble the plastic bags containing the information which notes manufactured homes nationwide annually account for 17,700,
Red Cross Spreads Safety Info Read More
The Hays Daily News from Hays, Kansas reports a housing needs assessment conducted this year reveals there is an abundance of higher-priced single-family homes while a definite shortage exists of affordable, entry-level, senior and student housing. For 2013, a task force comprised of local city officials and economic development personnel
Modular Housing Considered for Kansas Read More
CNNMoney reports U.S. Census Bureau data indicates new home construction fell three percent from Oct. numbers but still was 21.6 percent above year-ago levels. The decline of new home construction to an annual pace of 861,000 units in November may be the result of Hurricane Sandy hitting the Northeast, which
Building Permit Applications Rise Read More
Although markets have made solid gains in the past few days, investors backed away today as they awaited an agreement from Washington to resolve the fiscal cliff dilemma. CNNMoney reports the Dow Jones Industrial Average fell -0.74 percent, -98.99 points, ending the day at 13,251.97. The Nasdaq moved down -0.33
Waffling in Washington Produces Modest Housing Stock Movement Read More
The Associated Press says outgoing Ind. Gov. Mitch Daniels is taking the recreational vehicle featured in his two gubernatorial campaigns on its final trip today. “RV One” will be driven from the statehouse in Indianapolis to Elkhart, Ind. where Gov. Daniels will donate it to the RV/MH Hall of Fame
Governor’s RV Donated to Museum Read More
While many economists and analysts think the housing recovery will plod along and finally achieve “normalcy”, some saying not until 2020, other experts predict a housing boom will hit within two to three years. As CNNMoney tells MHProNews, Barclays Capital analyst Stephen Kim states, “In our view, the housing market
Housing Recovery: Sooner Rather than Later Read More
The National Association for Home Builders/Wells Fargo Housing Market Index (HMI) reports builder confidence for new single-family homes rose two points in Dec. to 47, the highest level since April 2006. The HMI rates builders perceptions of market conditions based on current traffic, sales expectations for the next six months,
Builder Confidence Improves Read More
GSNMagazine says the Federal Emergency Management Agency (FEMA) is sponsoring a design competition for six different types of emergency housing units to address future disaster housing needs, and license the winning designs to the manufacturers of the homes. FEMA wants one, two and three bedroom homes to comply with the
FEMA Sets up Design Competition Read More
According to David Abromowitz of the Center for American Progress, while housing prices improve, indicating recovery in the housing market, one third of the U.S. population rent living quarters and face long-term affordability issues. With middle-class incomes stagnant and rents rising four percent this year because of a rental shortage,
Rental Market may Face Challenge Read More
RVBusiness reports Sun Communities, Inc., through its subsidiary Sun Communities Operating Limited Partnership (SCOLP), has entered into an agreement to purchase 11 Morgan RV Resorts for $ 135 million. According to a filing with the Securities and Exchange Commission (SEC), properties include Morgan Fiesta Key LLC, Virginia Tent LLC, Wagon
Sun Acquires RV Resorts Read More
U.S. stocks responded positively to indications that a resolution to the fiscal cliff problem may be near. CNNMoney reports the Dow Jones Industrial Average gained 0.87 percent, +115.57 points, ending the day at 13,350.96. The Nasdaq moved up 1.46 percent, +43.93 points, to close at 3,054.53, while the S&P advanced
UFPI led Rise in Housing Stocks, Followed by LPX and Skyline Read More
As MHProNews has learned from theatlanticcities, each of the modules is 14 feet wide X 35 feet long and 10 feet high, and include floors, electricity, plumbing, walls, kitchens and bathrooms, the basis for the 363 apartments. The strong construction unions in New York City initially opposed the project because
A Prefab Grows in Brooklyn, p.2 Read More
As follow up on the massive, modular Forest City Ratner project in Brooklyn, NY, groundbreaking is set for today with Mayor Michael Bloomberg, Gary LaBarbera, President of the Building and Construction Trades Council of Greater New York, Brooklyn Borough President Marty Moskowitz, and Forest City CEO Bruce Ratner. Theatlanticcities says
A Prefab Grows in Brooklyn, p. 1 Read More
Reuters reports Universal Forest Products, Inc. (UFPI:NASDAQ) is borrowing $75 million from Prudential Investment Management, Inc. to reduce debt associated with the recent purchase of Wash.-based Nepa Pallet and Container Corp. and acquire Custom Caseworks, Inc. of Sauk Center, Minn. The $35 million notes are unsecured ten-year at 3.89 percent
Universal Borrows to Buy Read More
Following the continuing saga of those displaced by Hurricane Sandy on the east coast, fifty Federal Emergency Management Agency (FEMA) one, two and three-bedroom manufactured homes have arrived at a staging area at Six Flags Great Adventure amusement park in Ocean County, New Jersey. NorthJersey tells MHProNews FEMA and state
FEMA Homes Set to Deploy in NJ Read More
HousingWire informs MHProNews the Home Affordable Modification Program (HAMP) assisted 13,400 homeowners in obtaining trial modifications for the terms of their home loans in Nov., a drop from 15,200 the previous month. Meanwhile, 16,000 received permanent modifications in Nov., an increase from 13,800 the previous month. (Image credit: realtor)
Homeowners Benefit from Government Programs Read More
According to a new survey of 48 professional forecasters by the National Association of Business Economics, residential investment is finally contributing to economic growth. Nationalmortgagenews informs MHProNews home purchases and residential construction grew by 12 percent in 2012 as opposed to 2011 when growth was negative -1.4 percent, and is
Housing Adding Vitality to Economy Read More
CBCNews reports from Manitoba, Canada about 40 of the 65 modular homes offered to the Lake St. Martin First Nation will be shipped to the Little Saskatchewan First Nation following the spring flooding of 2011 that displaced members of both communities. Only 13 of the homes at Lake St. Martin
Modular Homes will be moved to different First Nation Site Read More
