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.
WVPubCast tells MHProNews two new modular homes now dot Route 52 just outside Welch, West Virginia in the southwestern corner of the state. Penni Padgett, Housing Director of the Council of the Southern Mountains, notes it is a milestone. “It is a small start but it is a start,” she […]
Modular Homes go up Despite Obstacles Read More
Spain’s banking woes sent a chill through investors who remained cautious, staying against the wall with their hands in their pockets, as all three indexes moved less than a quarter of a point in either direction. CNNMoney reports the Dow Jones Industrial Average dropped -0.24 percent, -32.75 points, to close
Nobility Spikes, Patrick Drops, Housing Composite Gains Read More
EarthTechling informs us the Solar Decathalon Europe competition was won by a French team’s modular, stackable solar home that produces enough energy to earn the net zero ranking—-and charge the family’s electric car. Utilizing a nano tower design, the Canopea can be stacked vertically for high density sustainable housing, and
Modular Wins Solar Decathalon Read More
A Czech designed energy-efficient modular home, the Freedomky, features a heat recovery ventilator and air-to-air heat pump as well as photovoltaics and solar thermal hot water. As OregonLive tells MHProNews, this “tiny house movement” home is available in 248 and 409 square feet, and can be assembled in five hours.
Off-grid Housing from Czechoslovakia Read More
BizJournals reports from Seattle, Washington nonprofit developer Common Ground is considering several options to increase affordable housing in the state, according to a study the organization released. It costs $200,000 to develop a new rental housing unit in Washington, twice the national average, and the state is restrictive about what
Modular an Option for Seattle Affordable Housing Read More
Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (UMH) announced the board of directors declared a quarterly dividend of $0.18 per share on the company’s common stock payable Dec. 17, 2012 to shareholders as of Nov. 15, 2012. Additionally, on the company’s 8.25% Series A Preferred Stock,
UMH Declares Dividends Read More
Widespread environmental management problems at 73 manufactured home communities led to the imposition of a $1,339,000 penalty for violating state and federal clean water and waste treatment statutes. All the communities are connected to Frank Perano of Lehigh Valley, Pennsylvania, who has signed a consent decree to pay, pending court
IndyStar reports the sale of existing homes in the greater Indianapolis metropolitan area rose 12.3 percent in August over August, 2011, according to the Metropolitan Indianapolis Board of Realtors, although the sales pace was slower than the period of April through July. August 2012 sales totaled 2,593 versus 2,308 last
Indianapolis Home Sales Rise Read More
U.S. stocks rallied today on better-than-expected manufacturing news, but fell back after Federal Reserve Chairman Ben Bernanke defended the Fed’s latest stimulus action and suggested it was time for Congress to act. CNNMoney reports the Dow Jones Industrial Average gained +77.98 points, +.58 percent, to close at 13,515.11, while the
Patrick Soars, Nobility Nurses Nasty Sore Read More
Research firm Capital Economics tells HousingWire investors seeking to cash in on single-family rental properties best move quickly. Economist Paul Diggle with Capital says early buyers found prices 30 percent below peak, with potential yields of 8-12 percent. Noting it is likely a one-time opportunity, Diggle says as house prices
Investors Look for Single-family Properties Read More
Richard Jennison, President and CEO of the Manufactured Housing Institute (MHI) has announced the appointment of Kelli B. Nelson as the new Director of Government Relations. Her responsibilities will include promoting the manufactured housing agenda to Congress and the executive branch, as well as directing MHI policy and utilizing state
Kelli B. Nelson, new MHI Director of Government Relations Read More
RealtorMag says home prices may not return to their peak of 2007 for ten years, especially in Nevada, California, Florida, and Arizona, according to analytics firm Fiserv. Noting average prices fell a full one third from 2007 to 2012 across the nation, Fiserv predicts prices will rise 3.7 percent a
Housing Recovery? It’s Going to be a While Read More
The history of the modular Deck House will be the focus of a symposium in Lincoln, Mass. Oct 10, according to WickedLocal. Founded by Bob Brownell in 1959, the exposed post and beam construction homes feature free flow interiors of upscale materials such as mahogany wood and slate, much different
Modern Modular Home Featured Read More
WashingtonExaminer says a poll of manufacturers and small business owners commissioned by the National Association of Manufacturers (NAM) and National Federation of Independent Businesses (NFIB) reveals 55 percent would not have started their businesses in today’s economic climate. Additionally, 69 percent say President Obama’s regulatory policies have hurt their business
Business Organizations Dismayed by Obama Read More
Real Estate Investment Trust (REIT) Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for the third quarter, payable Oct. 19, 2012 to shareholders of record Oct. 10, 2012. The company has 29.7 million shares outstanding, according to Yahoo!Finance. Based in Southfield, Mich., MHProNews understands Sun owns
Sun Declares Q3 Dividend Read More
The National Association of Home Builders reports the pace of new home sales held steady in August at the seasonally-adjusted annual rate (SAAR) of 337,000 units, virtually unchanged from July, according to data from HUD and the U.S. Census Bureau. NAHB Chief Economist David Crowe says, “This latest report indicates
New Home Sales Stabilized in August Read More
Even though the third quarter ended on a somewhat sour note, it proved to be quite strong. Additionally, for the year the Dow is up ten percent, the Nasdaq has gained 15 percent, and the S & P has ended Q3 20 percent higher. On the day, however, investors were
Indexes up for the Year, but Edged Down for the Day Read More
PRWeb reports GDH Housing, LLC in Covington, Louisiana will construct, deliver, and assemble a modular 77 room hotel, comprised of 48 modules, to Williston, North Dakota to ease the rapidly growing need for quality accommodations in support of the oil exploration effort. Through an agreement with modular home builder Ritz-Craft
77-room Hotel Rising for Oilfield Accommodations Read More
The herald-mail reports the Washington County Board of Commissioners in Maryland voted unanimously to opt out of a state mandated requirement to install sprinkler systems in all new one and two-family houses and townhomes. The Maryland General Assembly passed a measure earlier this year to prevent local jurisdictions from diluting
Modular Homes must have Sprinklers Read More
Marcus & Millichap’s Michael Glass says for commercial real estate investors seeking to diversify their portfolio, the stabilizing housing market and resurgence in financing can make manufactured housing communities a good investment. In particular he notes age-restricted MHCs in prime markets are not increasing in number, leading to competition among
Commercial Real Estate Gamble: Bet on MHCs Read More
