Spurred by strong single-family and multifamily growth, housing starts for July rose 15.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.093 million units, the highest rate since Nov. 2013, as reported by the U. S. Department of Housing and Urban Development (HUD) and the U. S. Census Bureau. According […]
Single and Multifamily Housing Starts Rise in July Read More
Despite recent cautions that the stock market is due for “a correction,” the three major indexes all traded higher on the day, each gaining up to one half of one percent, adding a positive twist to yesterday’s gains, according to what CNNMoney tells MHProNews. The Dow Jones Industrial Average gained
Skyline Reverses Recent Losses, Regains Five Percent Read More
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions increased two percent from June to July, but dropped 16 percent from a year ago, reports worldpropertychannel.com. “July was the 46th consecutive month where U.S. foreclosure activity was down on a year-over-year basis,” said Daren Blomquist, vice president at
Foreclosure Filings Edge Up in July Read More
Riverlake Partners LLC, a private-equity fund that focuses on growth investments typically with companies in the $20 million to $70 million value range, has made a majority equity investment in Guerdon Enterprises LLC, a producer of large, multi-unit modular commercial and residential buildings. Based in Boise, Idaho, Guerdon serves the
Riverlake Infuses Modular Builder with Cash Read More
According to housingwire.com, an article in the New York Post reports the National Association of Realtors (NAR) has asked the Federal Trade Commission (FTC) to block the $3.5 billion takeover of Trulia by Zillow due to anti-competition concerns. Although the two companies will remain separate entities, their combined 86.4 million
Zillow Takeover of Trulia Contested Read More
A five-partner company in Missoula, Montana is converting used steel shipping containers into 192 square foot modular homes complete with bath, kitchen and all appliances including a washer/dryer, and aims to complete the conversion for each home in 30 days, according to missoulian.com. The principals in Montainer have engineering, construction
Modular Container Homes: Order Online, Delivery Truck Arrives Read More
Following a story MHProNews last posted Aug. 8, 2012, regarding the sale of public property to a modular home builder, New Jersey’s Local Finance Board approved the sale of portions of Bridgeton’s Municipal Port Authority, including an 83,000 square-foot warehouse, to Renewable Jersey LLC. As thedailyjournal.com reports, the warehouse needs
New Jersey on Track for Modular Home-building Facility Read More
The three major indexes all traded up on the Big Board today, as CNNMoney informs MHProNews. The Dow Jones Industrial Average gained 175.83 points, +1.06 percent, to close at 16,838.74. The Nasdaq advanced +0.97 percent, +43.38 points, to end at 4,508.31, while the S&P 500 rose +16.67 points, +0.85 percent,
Deer Valley Shoots Up Almost 20%; Dow Gains 175 Points Read More
Bringing the index to its highest number since January, builder confidence for newly-built single-family homes rose two points to 55, according to the survey by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), the third consecutive monthly gain. The HMI measures builder perceptions of current single-family
Builder Confidence Rises Modestly Read More
The Rochester Hills (Michigan) Planning Commission has been asked to rezone just under 80 acres for a 500 homesite manufactured housing community, according to theoaklandpress.com. Six Star Investments of Bloomfield Hills MI and DNL Property Holding of Novi, MI have filed documents for the proposal that will be presented at
New Manufactured Housing Community Proposed in Michigan Read More
Manufactured home component supplier Drew Industries, Inc. (DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI) has acquired Duncan Systems, Inc., also of Elkhart, Indiana, and a supplier of aftermarket truck and recreational vehicle (RV) glass windows and awnings for $18 million. Duncan’s estimated sales as of July 2014
Lippert Acquires Aftermarket RV and Truck Component Supplier Read More
If a local businessman has his way, upscale Hilton Head, South Carolina will see a 14-home site manufactured housing community (MHC). Enrique Lopez has applied to the South Carolina Department of Health and Environmental Control for Coastal Zone Consistency Determination, and intends to sell lots for $70,000 each. Noting a
Tony Hilton Head SC may see an MHC Read More
Following up on a story MHProNews published July 31, 2014 regarding the acquisition by Sun Communities, Inc. of 59 manufactured home communities (MHC) comprising more than 19,000 homesites in eleven states from Green Courte Partners, LLC for $1.32 billion, we have learned from crainsdetroit.com that three of the properties are
Three of Sun’s new MHCs are in Michigan Read More
The Manufactured Housing Institute (MHI) reports that the Department of Housing and Urban Development (HUD) will increase label fees on new manufactured homes (MH) to $100 per label effective Sept. 12, 2014 to help cover the costs of administering the program. Manufacturers that have already purchased the $39 labels will
Manufactured Housing Label Fees to Rise Sept. 12 Read More
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey reports mortgage apps fell 2.7 percent on a seasonally adjusted basis for the week ending Aug. 8, 2014. The index fell three percent on an unadjusted basis, according to worldpropertychannel.com. The Refinance Index fell four percent from the previous week, while
Mortgage Apps Fall in Early August Read More
The three major indexes moved little in both directions to end the week as the ongoing crisis in Ukraine and the dog days of August muffle investors’ trading. The Dow Jones Industrial Average slid -50.67 points, -0.30 percent, to close at 16,662.91, as CNNMoney informs MHProNews. The Nasdaq, the only
Third Avenue Sole Gainer of Tracked Stocks; Only Major Index Nasdaq Gained Read More
According to walsalladvertiser.co.uk, Great Britain’s Housing Minster, Brandon Lewis MP visited the site of the first two modular, affordable homes of a planned series of 40 being constructed in Walsall, a town with 269,000 in the metro area just northwest of Birmingham. Designed and manufactured at the Accord Group’s LoCal
England Experiences One Day Modular Home Construction Read More
A recent Gallup Poll reports that people are grim about the state of the economy, with an economic confidence of -17, which is the difference between those saying it is getting better and those who say it’s getting worse. Although it has improved substantially since the -39 reading in Nov.
Economic Numbers Sizzle; Consumer Confidence Fizzles Read More
Representing the lowest share of cash home sales since May 2010, 34.4 percent of total home sales in May 2014 were with cash, a drop from April’s 36.9 percent of all cash, according to housingwire.com. CoreLogic’s report says, “The share has fallen on a year-over-year basis each month since January
Cash Home Sales continue to Decline Read More
Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a
Lippert Sponsoring Fund Raiser to Prevent Suicide Read More
