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.
TheTimesNews tells MHProNews a Burlington, North Carolina man has been rebuilding manufactured homes in the neighborhood where his family has a business, which is contributing to the rebuild. Bill Mitchell established his roofing business in the 1960’s. His son, Jeff Mitchell, took over in the 1990’s and convinced the Burlington […]
Refurbishing Factory-Built One at a Time Read More
Marianas Variety reports from Micronesia in the South Pacific the first green-designed modular homes are becoming commercially available as affordable housing on the island. Nanum Consulting Corp. is partnering with Guam HNC Inc. and Guam Nexus C&D to build steel-framed affordable one and two-bedroom homes for $50,000. The homes have
Affordable Modular Housing in the South Pacific Read More
According to Mark Calabria, director of financial regulation studies at the Cato Institute, data collected by Lender Processing Service (LPS) reveals that for the first time, more than half of the borrowers in foreclosure have been in foreclosure previously. Writing in FinanceTownhall, Calabria says while first-time foreclosures have been falling
Foreclosure Recidivism Read More
Investors are cautiously awaiting corporate returns this week, keeping activity on the stock market low, although the three indexes did manage meager gains for the day. CNNMoney says the Dow Jones Industrial Average edged up +0.02 percent today, +2.38 points, to close at 13,345.89. The Nasdaq gained +0.38 percent, +11.34
Patrick, Skyline Fall, Housing Composite Rises Read More
The billingsgazette reports because housing is so scarce and wages are so great in the Bakken Oilfield in western North Dakota, the running joke is the oilfield holds the record for homeless people with $100,000 incomes. A housing summit last spring determined the need for 5,000 housing units for the
Modular Booms in Bakken Read More
According to realclearpolitics, based on voting patterns since 1972 and polls by an extensive list of news and survey organizations going back to 2009, of the 270 electoral votes needed to win the U.S. presidency, 201 votes are likely for Obama/Biden, while 206 votes are likely in the Romney/Ryan camp.
Two Surveys Show Romney in Lead Read More
Community NASDAQ reports UFP Washington LLC, a subsidiary of Universal Forest Products, Inc. (UFPI), has agreed to acquire the assets of Nepa Pallet and Container, Inc., a manufacturer of pallets, bins and containers for industry and agriculture in Washington. This acquisition strengthens UFPI’s foot hold in the Northwest U.S., and
UFPI Inc. Acquires Nepa Read More
The Midland Daily News reports a marketing company has established a website for Tyrone Woods MHC in Fenton, Michigan that gives the residents better internet service and allows them to connect with each other and management easier. Called a “property website management solution” by its developer, enrichesolutions, a subsidiary of
MHC Establishes Website Connect with Residents Read More
The Dow Jones graphic says it all—the line continues downward all day until a little hiccup near the end. Good news from the housing market could not temper weak earning reports from Microsoft, McDonald’s, Google and General Electric that pounded the Dow down over 200 points, keeping investors on the
Stocks End Week on Low Note Read More
Dennis Hill and Show Ways Unlimited, Inc. are proud to announce the launching of the Louisville Manufactured Housing Show 2013 website. The website provides a robust display of specific seminars, exhibiting manufacturers, service and supply vendors that will be at the show, in addition to some of the movers and
Louisville Show Launches Own Website Read More
The Citizen-Times in Asheville, North Carolina reports Clayton Homes Regional Manager Joe Belcher is running for a seat on the Buncombe County Board of Commissioners. A Republican and strong proponent of bringing more business into the area as well as reducing government debt, Belcher is equally as strong in support
Clayton Exec in Race Read More
MarketWatch reports Equity LifeStyle Properties, Inc. (ELS) announces the company’s CEO, Thomas Heneghan, will become CEO of Equity International effective Feb. 2013. The company’s current president and CFO, Marguerite Nader, will fill the position of ELS’ president and CEO as of Feb. 1, 2013. As MHProNews reported Sept. 13, Heneghan
ELS Moves Up Personnel Read More
The Daytona Beach NewsJournal reports from Florida Volusia County recorded its best quarter for new residential building permits in four years, notching 239 permits in Q3 2012, an increase of 104 percent over the same period in 2011. The pace is 35.8 percent over the second quarter of 2012. Rob
Florida on the Rebound? Read More
CanadaNewswire tells MHProNews Halifax, Nova Scotia-based Killam Properties, Inc. (TSX:KMP) announces the board of directors has declared a monthly dividend of $0.04833 per share will be paid to shareholders of record Oct. 31, 2012 on Nov. 15, 2012. This is the same monthly dividend amount that was paid Oct. 15.
Killam Declares Dividend Read More
The Energize Indiana initiative was begun by the state to help consumers reduce their utility usage, according to the Banner-Graphic of Greencastle, IN just west of Indianapolis. United Way of Putnam County is soliciting residents to take advantage of a free home energy assessment in exchange for which United Way
HUD, Mod Homes Raise Money for Charity Read More
U.S. stocks took a slight tumble as investors eye a Chinese economic slowdown, a growth in first-time unemployment claims, and a bad earnings report card from Google. CNNMoney says the Dow Jones Industrial Average fell -0.06 percent today, -8.06 points, to close at 13,548.94. The Nasdaq lost -1.01 percent, -31.25
Patrick Moves Up, UFPI Drops Precipitously Read More
The National Association of Home Builders (NAHB), while noting their prediction of a 21% rise in single-family housing starts this year to 528,000 units, and next year to 665,000, says the uncertainty of how the Dodd-Frank Act plays out is preventing lenders from loosening credit, and further constraining the housing
NAHB Cautiously Optimistic Read More
House Financial Services Chairman Spencer Bachus (R-Ala.) released a report in rebuttal to Dodd-Frank supporters who claim the new law ends bailouts. Entitled, “The Dodd-Frank Act, the Persistence of ‘Too Big to Fail,’ and the Institutionalization of Government Bailouts,” the analysis asserts Section 204 of Dodd-Frank allows the FDIC to
Congressional Report Punches Holes in Dodd-Frank Read More
Modular builder Red Sea Housing Services in Jubail, Saudi Arabia reports profits for the first nine months of 2012 rose 32 percent over the same period 2011, according to ConstructionWeekOnline. Year-over-year profits for the three months since June nearly doubled compared to last year. The company said the net income
Middle East Modular-Profitable Read More
Despite calls by analysts and policy makers following the recent crash to get the government out of the housing business, Kerri Ann Panchuk of HousingWire says the GSEs still account for 85-95% of the outstanding mortgage loans, securitized and unsecuritized. Plus there is a myriad of programs to help homebuyers—Home
Fed Housing Involvement Will Remain Read More
