As the Clayton-Bradley Academy celebrated its first year, faculty, staff, students and their parents gathered on the last day of school for a picnic and games, and donated items for a time capsule placed in a hallway wall, set to be opened when the school has its 25th anniversary in …
School funded by Clayton Homes Celebrates First Year Read More
Nigerian immigrant Emeka Onwugbenu (pronounced “eh-Meh-ka on-woo-Bay-nu”) arrived in Pittsburgh in 2002, and after graduating from Penn State with a degree in engineering and Carnegie Mellon University with an MBA, has become one of the most innovative developers in town in just four years. The American Institute of Architects (AIA) …
Modular Development Garners Design Award for Nigerian Immigrant Read More
While housing experts and economists maintain the housing crisis is over, a survey conducted by the John D. and Catherine T. MacArthur Foundation in April reveals 51 percent of respondents believe the nation continues in the throes of the housing bust, and 19 percent believe the worst has yet to …
Half of Americans Believe Housing Crisis has not Passed Read More
Bruce Ratner, executive chairman, and Maryanne Gilmartin, President and CEO, Forest City Ratner Companies (FCRC), are being honored for their longstanding commitment to New York City in recognition of their efforts to promote world-class design, architectural innovation and public art. As MHProNews has reported previously, FCRC is behind the 34-story …
Developers of Large NYC Modular Apartment Complex to be Honored Read More
A teleconference meeting of the Manufactured Housing Consensus Committee (MHCC), which is open to the public, will be held June 26, 2014 from 1:00 PM to 4:00 PM. The number is 888 741 3106, Conference ID:54144750. As MHProNews understands this will be the first MHCC meeting led by the new …
Meeting set for Manufactured Housing Consensus Committee Read More
According to themortgagereports.com, Veterans Administration (VA) loans for buying a home through the Department of Veterans Affairs are often the least expensive route for homeownership for current and former U. S. military personnel. VA loans allow up to 100 percent financing with no required mortgage insurance and can be used …
Manufactured Home Purchases Available for Military Veterans Read More
The city of George West, Texas, north of Corpus Christi issued a $2 million certificate of obligation to make infrastructure upgrades including a new police department building, street repairs and park and recreation improvements. Some of the funds were also used to purchase a modular home and four single-section manufactured …
Texas Town Provides Factory-built Housing for City Workers Read More
Updating a story MHProNews published Aug. 13, 2013 regarding North Carolina-based Phoenix Housing Group (PHG) fraudulently selling over 1,000 manufactured and modular homes, several of the principals have been banned from the mortgage business and/or from the MH and modular industry, and fined, while others await sentencing. The charges involved …
Fraudulent Manufactured and Modular Home Sellers Brought Down Read More
U. S. Census Bureau statistics report only 36% of Americans under the age of 35 own a home, a drop from 42 percent in 2007, and the lowest level since 1982 when the Bureau began documenting the age of homebuyers, as MHProNews.com has learned. While 90 percent of Millennials would …
National brokerage firm Marcus & Millichap, Inc. (NYSE:MMI) has announced that its chief financial officer (CFO), Marty Louie, and Hessam Nadji, Senior Vice President and Chief Strategy Officer, will present at the William Blair 34th Annual Growth Stock Conference, to be held June 10-12, 2014 at the Four Seasons Hotel …
Marcus & Millichap to Present at annual William Blair Conference Read More
Hocking County (Ohio) Treasurer Diane Sargent reports the 2014 manufactured home tax statements have been mailed with a return due date of July 31, 2014, according to logandaily.com. Mail received with a cancellation date of the due date will be accepted without penalty; those postmarked/received after July 31 may be …
Chairman of the National Association of Home Builders (NAHB) Kevin Kelley, said the following about Shaun Donovan, who is stepping down as director of the U. S. Department of Housing and Urban Development (HUD): “On behalf of the nation’s home builders and the former NAHB chairmen who worked closely with …
NAHB Chairman Lauds Secretary Shaun Donovan for his Leadership Read More
Boulder County (Colorado) Commissioners gave final approval to a $7.25 million federal funding application for several housing assistance programs to help people impacted by last year’s devastating floods, according to timescall.com. Part of an overall $62.8 million Community Development Block Grant-Disaster Recovery award the U. S. Department of Housing has …
Colorado County Seeks Federal Funds to Assist MH and Mod Residents Read More
Calling it the “best kept secret in America,” Sheri Koones understands the precision that goes into the manufacture of every factory-built home and especially appreciates the sustainability of its energy-saving features. The author of five books on prefabricated housing, she delineates between the pre-HUD Code homes and the manufactured and …
At its annual stockholders meeting Thursday, May 22, 2014, Patrick Industries, Inc. of Elkhart, Indiana said in a filing with the U. S. Securities and Exchange Commission (SEC) the following were named to the board of directors: Terrence D. Brennan, Joseph M. Cerulli, Todd M. Cleveland, John A. Forbes, Paul …
Patrick Industries Files Shareholder Selections with SEC Read More
While the Tea Party can trace its origins to anger over the Wall Street bailouts in 2008, the sharp edge for that movement of the Republican Party to the right has been dulled at the polls recently, much to the relief of the banking industry, which sees the shift as …
The Hill-Bankers Sigh-but it’s not the “Iced Tea Party” Read More
According to a filing with the U. S. Securities and Exchange Commission (SEC), at the stockholders meeting of Drew Industries, Inc. held May 22, 2014, the following were chosen as the board of directors: Edward W. Rose, lll, Leigh J. Abrams, James F. Gero, Frederick B. Hegi, Jr., David A. …
President Barack Obama is moving Secretary of Housing and Urban Development (HUD) Shaun Donavan to be the Budget Director, and will nominate San Antonio Mayor Julian Castro to replace him. Now in his third term as mayor, Castro has focused on revitalizing the city’s urban core through a series of …
Mayor Julian Castro to Lead the Department of Housing and Urban Development Read More
Thomas Brown, writing on bankstocks.com, reports the Consumer Financial Protection Bureau (CFPB) has jettisoned its personnel review board because on a 1-5 scale whites outscored Latinos who outscored blacks, so it will solve the inequality by paying everyone as a five. As Brown says, “This is no way to run …
Did the CFPB Fail its Own “Disparate Impact” Test? Read More
Updating a story MHProNews.com posted April 7, 2014 regarding a modular eight-unit affordable housing project in St. Helena, California, the napavalleyegister.com tells us Calistoga Affordable Housing (CAH) still needs to raise $681,000. The project is too small to compete for affordable housing grants. Projected rents are $1,000 for a two-bedroom, …
Modular Housing on Hold: Funding Short, Lawsuit Outcome Unclear Read More
