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.
From London, England OfficialWire tells MHProNews.com by 2017 the production of manufactured housing worldwide will reach 829,000 units. The report cites technological improvements, positive governmental regulations, and growing populations in the Asian and Latin American markets with disposable income as the driving force behind demand for middle-income housing. Noting manufactured […]
Worldwide Production of MH on Track to Expand Read More
The Diamond Green Apartments being built in Philadelphia near the Temple University campus will be the largest modular project in the city. Built by Mosaic Development Partners, the 92 unit complex will be home to 350 students. The apartments are part of a larger $20 million mixed-use complex with retail
Modular Apts. Rising for Temple U. Students Read More
U.S. stocks were a mixed bag today: While worries of European debt continue to hang over the market, retail sales rose in March more than analysts expected as the Dow Jones Industrial Average gained 71.82 points, +0.56 percent, to end the day at 12,921.41. The Nasdaq lost -0.76 percent to
Dow and Housing Composite Up, Nasdaq and S&P Down Read More
RockwallHeraldBanner reports from Boyse City just northeast of Dallas the Federal Emergency Management Agency (FEMA) says 50 homes were damaged, 13 of them destroyed, by the tornado that ripped through Southeastern Rockwall County April 3. Thirty-eight of those were stick-built and 12 were factory-built. Fourteen stick-built and six manufactured houses
Texas Tornado Takes Its Pick Read More
The Manufactured Housing Institute (MHI)’s “Supplier of the Year” award was presented to NTA, Inc. of Nappanee, Indiana at the MHI National Congress and Expo for Manufactured and Modular Housing in Las Vegas, April 11. Sys-Con tells MHProNews.com NTA has a cadre of engineers, draftsmen, technicians, and consultants who do
MHI Honors MH Supplier Read More
The Register-News in Mt. Vernon, Illinois reports the Mt. Vernon City Council will hold a second reading on a proposed ordinance governing conditional use siting of manufactured housing in the city. The ordinance would require written permission from the owner of adjacent stick-built homes to allow a manufactured home to
Ill. City Proposing Additional Siting for MH Read More
Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces it will release financial results for the first quarter ending March 31, 2012 on Tuesday, May 8 after the close of the market. A conference call discussing the results will ensue the following day, Wed. May 9, 2012 at 10:00 AM
Canadian MHC Owner Preparing to Release Results Read More
RVBusiness tells MHProNews.com that Skyline Corporation reported for its fiscal third quarter ending Feb. 29, 2012 total net sales of $36.8 million, a 16 percent increase over the $31.8 million for the same period last year. Net loss for the fiscal third quarter amounted to $7.4 million, an improvement from
Skyline Presents Earnings Report Read More
CNNMoney tells MHProNews.com after a nice two day run-up, the Dow Jones Industrial Average fell back -1.05 percent to 12845.59, down 136.99 points, as China reports it’s economy only grew 8.1 percent in the first quarter of the year, down from 8.9 percent the previous quarter. The Nasdaq dropped 1.45
Dow Drops, Nobility Nudges Up, Most Stocks Down Read More
Simcoe reports from north of the border a multi-story modular home comprised of 15 modules, was assembled in one working day in Meaford, Ontario, Canada, north of Toronto. “This one was a particularly large one. We wanted to put something together that shows what is possible with modular homes,” says
Large Modular Erected in One Day Read More
Straightonline from Vancouver, British Columbia, Canada tells us the city council is set to vote on a set of two modular three-story housing complexes totalling 12 units, half of which will be for marginalized young women and the other half for older women who it is hoped can mentor the
Low-income Modular Units Rising in Vancouver Read More
NewsandTribune tells MHProNews.com Kevin Carroll filed a $5 million lawsuit against Clayton Homes of Maryville, Tennessee, alleging he lost his business to Clayton after they loaned him $150,000 to buy out his partners, and two weeks later promptly closed a plant in Hodgenville, Kentucky that supplied him with manufactured homes
Former MH Dealer Suing Clayton Read More
The students at Bosworth Academy in Desford, Leicester, England used their math skills to site a modular two-story home on the grounds of the school. Principal of the school, Chris Parkinson, says of the building which will be used in part for vocational training, “The house will be used by
Modular House Donated to School Read More
U.S. stocks rallied again today despite the rise of unemployment filings, as the anticipated growth of the Chinese market and declining yields on Italian and Spanish trumped U.S. job woes. CNNMoney reports each of the indexes rose well over a percentage point. The Dow Jones Industrial Average regained 181.19 points,
Mfg. Housing Composite, Tracked Housing Stocks Respond to Dow’s Rise Read More
The Manufactured Housing Institute (MHI) reports 4,139 new manufactured homes shipped in Feb. 2012, an increase of 45.3 percent from a year ago Feb, with single and multi-section homes both increasing, although single section accounted for 60.4 percent of the total. Jan. and Feb. 2012 MH shipments totaled 8,084 compared
Manufactured Housing: Moving Up Read More
According to Trulia Inc., the National Association of Realtors (NAR) reports in RealtorMag rents increased five percent over the last 12 months as the asking price for homes declined 0.7 percent, reflecting a continuing stall in the homes-for-sale market. Reis Inc. says the rental vacancy rate fell to its lowest
Rents Rise as Housing Prices Sleep Read More
The Santa Fe Association of Realtors (SFAR) tells the SantaFeNewMexican home sales are up in the area due to low interest rates and buyers fears that interest and prices will soon rise, but inventory is down as potential sellers wait for prices to improve. The median sales price for a
Southwest City has Mixed Housing Results Read More
The National Association of Home Builders (NAHB) states if certain legislators have their way, this could be the last year for the mortgage interest deduction (MID). Calling it “the most important tax deduction for tens of millions of middle-class families”, NAHB says “more than 33 million families benefited from the
The GadsdenTimes reports from the statehouse in Montgomery, Alabama that legislators continue to discuss moving tornado shelter inspection from the Alabama Manufactured Housing Commission (AMHC) to the state’s Emergency Management Agency (EMA) when the shelters are eligible to be reimbursed with federal funding. MHProNews.com has learned the AMHC currently inspects
AL Legislature Discussing Inspection (Fees) of Storm Shelters Read More
According to the Mortgage Bankers Association (MBA), over $184 billion in multifamily and commercial loans was originated in 2011, a 55 percent increase over the previous year. Of last year’s $184.3 billion, Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) were responsible for $57.6 billion, the most among
Multifamily Lending Lead Originations for 2011 Read More
