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.
Despite fears of the European debt crisis and Greece’s continuing bailout problem, positive U.S. economic data in the employment and housing sectors helped drive the Dow Jones Industrial Average up nearly one percent, 123.06 points. to close at 12,904.01. “People know and are still fearful of the European Union crisis, […]
Dow Solid, UFPI Spikes, Nobility Slides Read More
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has
New Hampshire’s Newest MH Community to Go Co-op Read More
Robert Ludgate, Jr., the Alsace Township engineer in Temple, Pensnsylvania says he has agreed to table a township requirement for manufactured homes at the Urban Acres Mobile Home Park to have exterior cast-iron sewer traps. MHC owners Erica and Kevin Ernst told the township supervisors of the 75 homes in
Sewer Traps at LLC May Need Replacement Read More
In an exclusive communication from MHI, MHProNews.com has learned Richard “Dick” Jennison has been chosen to head the Manufactured Housing Institute (MHI). The former partner and Senior Vice President at Omni Solutions Group where he managed their large not-for-profit business practice, Jennison previously spent nearly eight years as president of
MHI Appoints New President/CEO Read More
John Quale, professor of architecture at the University of Virginia in Charlottesville has turned his sights on developing energy efficient affordable housing. “The people who are at the lower end of the income level are the ones who need the most help in reducing their energy inefficiency, and yet they
Professor Specializes in Modular Housing Read More
The Dow and the Yahoo Finance Manufactured Housing Composite were going in opposite directions Wednesday. While the general indexes lost about one percent, the manufactured housing index gained as much and more. Gaining ground Wednesday were Cavco Industries, up .46 cents (.87 percent) to $53.18; Nobility Homes, up $1.25 (18.94
MH Gains, Dow Loses One Percent Read More
You might call it Flat Tuesday. Stocks pared losses experienced early in the trading day as optimism rose in regards to the financial situation in Greece. The Dow and Nasdaq ended the day close to where they started. The Yahoo Finance Manufactured Housing Composite Index gained just over one percent.
Stocks, Decline, Rise, Close Near Where They Started Read More
As follow-up to an article we posted Dec. 26, 2011, SantMonicaDispatch tells MHProNews.com the Village Trailer Park in Santa Monica, CA has likely been saved from the wrecking ball by the LA Landmarks Commission. The owners of the 108 home site LLC (land lease community) wanted to develop the property
Vintage MHC will Remain as Tribute to Industry’s History Read More
MHProNews.com has learned from Jason Boehlert, vice president of government relations at the Manufactured Housing Institute (MHI), On February 7, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released final rules extending anti-money laundering (AML) and suspicious activity report (SAR) requirements to non-bank residential mortgage lenders and originators. Non-bank
More Regulation for MH Lenders Read More
A source has informed MHProNews.com that Apex Homes, Inc. of Middleburg, Pennsylvania, a modular home builder, filed for reorganization under Chapter 11 bankruptcy the end of January. Calls to Apex for confirmation were referred to an asset management company, which did not immediately return calls. Apex has been in business
Apex Homes: Teetering on the Edge? Read More
CNNMoney tells MHProNews.com U.S. markets moved up following the Greek government’s approval of an austerity package that will increase the government’s chance of more bailout money and thereby prevent default. The Dow Jones Industrial Average gained 72.81 points, +0.57 percent, to close at 12,874.04. The Nasdaq gained just under one
Greek Good News Lifts Dow; Drew Industries Gains as Well Read More
Hurt by high material and production costs, Drew Industries, Inc. announced fourth quarter earnings lower than expected. According to information MHProNews.com has received from Reuters, the RV and MH component maker saw net sales rise 50 percent to $160 million, and income rise by $1 million to $4.1 million over
Drew Industries Reports Q4 Results Read More
Wellsboro, Pennsylavania, County Assessor Deb Crawford of Tioga County says manufactured home owners need to obtain a trailer release if they sell or move their homes in order to avoid receiving a continuing tax bill. Without the permit “we would not know there is a new owner, “Crawford says,” (and)
PA MH Owners Take Notice Read More
ModularHomeCoach informs MHProNews.com Canadian modular home builder Alouette Homes has been acquired by Quebec modular homes manufacturer Bonneville Homes. According to Danny Bonneville, co-president of Bonneville, “This acquisition will double the size of our production facilities and allow us to move forward with the ambitious growth program we introduced a
Modular Home Builder Acquires Competitor Read More
Stocks finished the week on a low note thanks to Greece’s ongoing debt drama, and ended the week in the red. Those watched stocks losing ground Friday included Affiliated Managers Group, Inc., down $1.14 (1.07 percent) to $105.60. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending
Stocks End Week in the Red Read More
From Massachusetts and Nashoba Publishing, MHProNews.com learns that George Clark, president of Clark’s Retirement Homes Park met with a zoning board there recently to address a discrepancy over the number of homes identified in his application for a Manufactured Housing Community permit. Clark told the committee members the board had
Permit Discrepancy Explained Read More
As follow up on a story we published Feb. 6, Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), tells MHProNews.com house bill 593 that would create a fund to assist consumers purchase manufactured housing passed out of the subcommittee by a 3-0 vote. Committee member Jeff
MH Fund Passes out of Subcommittee Read More
MoneyNews tells MHProNews.com Sam Zell, CEO of Equity Lifestyle Properties says if the government had not stepped in to try and solve the housing market problems we would have a healthy market today. He says government intervention prevented the market from clearing itself. “We are the only country in the
Sam Zell: Government Programs Prevent Housing Recovery Read More
CNNMoney tells MHProNews.com good news from Greece concerning their austerity plan gave breathing room to U.S. investors who watched the U.S. markets zig-zag all day, but it finally edged up on the plus side. The Dow Jones Industrial average gained +0.05 percent to close at 12,890.46, while the Nasdaq gained
U.S. Stocks Edge Up; Patrick Ind. and Louisiana Pacific Post Gains Read More
In their release of the nation’s housing scorecard for 2011, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury noted mixed signals as foreclosure starts fell but foreclosure completions climbed and as new home sales fell existing home sales climbed. Existing home inventories
HUD Housing Scorecard is Mixed Bag Read More
