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.
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down as investors, though optimistic about the economy in general, populated the sidelines as the Dow waffled down -20.14 points, -0.15 percent, to end the week at 13,233.62. “Some of the economic news today was a bit disappointing, but none of […]
Dow Slips Down, Housing Stocks Close Mixed Read More
In a letter published in today’s USA Today, Manufactured Housing Institute (MHI) president and CEO Richard Jennison responded to a March 11 article in the paper that only people in manufactured housing are at risk during a tornado. Noting that 175 mph winds can ravage any housing, he quotes from
MHI CEO Jennison Responds to USA Today Article Read More
From AllAfrica, MHProNews.com learns the housing shortage in Namibia will be met in part by Nami Prefabricated Housing cc, a Chinese company that will produce 18 two-bedroom homes daily. Nami is 70 percent complete with establishing its five distinct manufacturing facilities that will make the panelised homes which in turn
Prefabricated Homes Building in Africa Read More
Following up on our story we published March 9, 2012, the Carrollton, Ohio City Council heard Dan Coen of Utica Housing Group from Canton describe his plans for two modular housing developments comprising 31 homes. The homes will be leased by energy companies to house their oil and gas employees
Modular Workforce Units Will Convert to SF Homes Read More
The RV/MH Hall of Fame and Museum in Elkhart, Indiana has re-structured millions of dollars of debt to give it more time to pay the $4 million it owes to 1st Source Bank and the family of the late Robert “Boots” Ingram, according to The Elkhart Truth. WSBT tells MHProNews.com
RV/MH Museum Gets another Reprieve Read More
The OrangeCountyRegister informs MHProNews.com State Sen. Lou Correa, chairman of the Senate Select Committee on Manufactured Homes and Communities, will hold a conference in Santa Ana Friday, March 16, for MHC residents and owners. A panel of MHC residency law experts and code enforcement officials will discuss health and safety
Conference to Cover MHC Issues Read More
REJournals tells us Real Estate Investment Services’ Marcus & Millichap sold Mt. Morris Estates, a 170 homesite manufactured home community in Mount Morris, Illinois for $3.6 million. The seller was listed only as a partnership. The community in Northwest Illinois is part of the Rockford, IL metropolitan statistical area (MSA),
Mt. Morris Estates Changes Hands; Gloves Hide Seller and Buyer Read More
The Dow gained for the seventh straight day, moving up 58.66 points on good news about manufacturing expansion, lower jobless claims, and quiet inflation. CNNMoney reports the Dow added +0.4 percent, to end at 13,252.76. The S&P closed above 1400 for the first time since June 2008, having gained +0.60
Dow Nudges Up, S&P Closes over 1400; Patrick Ind. Gains Read More
Drew Industries, Inc. subsidiaries Kinro, Inc. and Lippert Components, Inc. announce their employee base has grown to 4,541 nationwide, a 15 percent jump since Aug. 2011. Most of the new 750 jobs were in their home base Elkhart County in northern Indiana, according to RVBusiness. Last month alone they added
MH Component Maker Adding Jobs Read More
The Eloy City Council in Arizona, just south of Phoenix, has eased the zoning restrictions on replacing manufactured homes. The previous ordinance required homes be replaced with units no more than three years old, which many people who lived in homes that needed to be replaced could not afford. The
MH Zoning Restrictions Eased in Arizona Read More
From Washington, D.C. the Manufactured Housing Institute (MHI) tells MHProNews.com the Stabenow amendment to the Senate’s surface transportation reauthorization legislation (S.1813), which would have extended the energy efficient tax credits for MH and Mod, did not get the required 60 votes needed for passage. Sen. Jim DeMint (R-SC) led the
Energy Efficient Tax Credits for MH/MOD Defeated Read More
Following up on a story we published Dec. 22, 2011, the WinnipegFreePress tells MHProNews.com nearly a year after floods forced several thousand First Nation Manitoba, Canada, residents from their homes, 2,255 people continue to live in hotels in Winnipeg or with family and friends. The government pays the evacuees for
Modular Housing for Evacuees not Forthcoming Read More
MHProNews.com has learned from NOLA in New Orleans the Louisiana Supreme Court has upheld the 60-year sentence of a former Alabama lawmaker who swindled older victims of Hurricane Katrina out of $250,000. John Colvin, who passed himself off as a licensed contractor but was not licensed in LA, pleaded guilty
Fraudulent Contractor on his Way to Prison Read More
According to a new ordinance passed by the Santa Barbara County Board of Supervisors in California, before a manufactured community owner (MHC) can close a community, it must submit an impact statement, provide relocation assistance for residents, and submit a review of the process to the Planning Commission. The SantaMariaTimes
MHC Closure Ordinance could Make MHC Owners Bleed Green Read More
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged up 16.42 points as falling bank stocks pulled at the strength of tech socks. The Dow gained 0.12 percent to close at 13,194.10. The Nasdaq moved up +0.03 percent to close at 3,040.73, while the S&P fell -0.12 percent to finish
Rally Fades, Most Housing Stocks Fall, but Dow Remains above 13,000 Read More
StarsandStripes tells MHProNews.comas the Department of Defense prepares to select an air base as the home of a new generation of refeuling air tankers built by Boeing in Everett, Washington, local officials across the state at Airway Heights, right next to Fairchild Air Force Base near Spokane would like to
MHC Residents Like Their ‘Accident Potential Zone 2’ Read More
The Enumclaw Patch reports due to local volunteer firemens’ inability to respond to fires more quickly from their own homes, the King County Fire District bought a modular home for sleeping quarters to better staff the Cumberland Fire Station. Many of the former volunteers have retired or moved from this
Vol. Fire Dept. has Modular House for Quicker Response Read More
MHProNews.com has learned from RealClearPolitics that Alabama Rep. Spencer Bachus, Chairman of the House Financial Services Committee has faced down the toughest opposition of his career, as he begins his 29th year in Congress from the 6th Congressional District in Birmingham. Despite all three Republican primary challengers contending his public
SAFE Act Originator Turns Back the Alabama Tide Read More
Triad Financial Services, Inc. informs us that Jim Brand, Houston-based regional manager for the manufactured housing lender, passed away March 9 after a brief battle with cancer. With Triad since 2005, Jim previously worked for Associates Housing Finance as Sales Purchase Office Manager. Blessed with good humor and an infectious
Stocks moved higher Tuesday after a positive report on retail sales and news from the Fed that the economy is improving. The Yahoo Finance Manufactured Housing Composite Index closed 1.3 percent higher. Several watched stocks added more than seven percent, and one, Patrick Industries, added more than ten percent. Closing
Stocks Up, One Watched Stock Tops Ten Percent Gain Read More
