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.
People walking through a sleek new design home in San Diego overlooking the Pacific do not realize it is made of recycled shipping containers until they are told, as realtor tells MHProNews. “There’s a stigma, a misperception,” listing agent Jonathan Sanders says of the modular construction which his company and […]
Modular Container Home in High-end Calif. Market Read More
Following an hour-long Kelowna, British Columbia, City Council meeting regarding a request by a local fruit grower to build more permanent housing for foreign fruit pickers, as cbc.ca trells MHProNews., who the grower says stay nearly eight-months, has resulted in the council sending a letter for clarification to B. C.
British Columbia City may Allow Manufactured Homes for Foreign Agri Workers Read More
In the news from CNNMoney: Ammunition imports shoot up nearly 50 percent. President Obama signs Puerto Rico rescue bill. NFL’s Roger Goodell pay is cut to $31.5 million in 2015, down from $44.2 million in 2012. Workers to strike at Trump Taj Mahal Casino. Rio gets federal bail out 36
UMH Properties is Top Gainer; MHCV slips, Skyline Falls Read More
As investors await the Aug. 4, 2016 earnings report from manufactured housing community (MHC) owner UMH Properties, Inc. (NYSE:UMH), the stock has hit a new 52-week high at $11.25, with a target of $26.10, a 132% increase. If that is reached, that will add $405.09M to the $306.89M valuation of
UMH Properties hits 52-Week High, Projections Skyward Read More
A project to replace deteriorating apartment buildings in Farmington, Maine with modular units moved closer to fruition as the Board of Selectmen accepted a $500,000 Community Development Block Grant (CDBG), and appointed an eight-member advisory board to oversee the building. MHProNews last posted a story about the project, called 82
Maine City Receives Block Grant for Modular Apartments Read More
Chicago-based Zeman Homes, which bills itself as one of the largest privately-owned owners of manufactured home communities (MHC) in the nation, has purchased a 43-acre site near Naples, Florida zoned for a 273 home MHC site. The company recently acquired the 55+ community Caribbean Park, according to what MHProNews has
Zeman Expands its Reach into Florida Read More
Following a three-month climb, the pending home sales index slipped 3.7 percent from April to May, to 110.8, according to the National Association of Realtors (NAR), 2.6 percent higher than expected, but a 0.2 percent decrease from may 2015. With 100 being a healthy number, the index has not fallen
Pending Home Sales Slip April to May Read More
In the news from CNNMoney: A Tesla 2015 S on autopilot has fatal crash, spurring Federal investigation. JetBlue is offering free Precheck for frequent fliers. Glock wins $85 million FBI contract. China is crushing the U. S. in economic warfare. Some 20 percent of the 260 million cars on U.
Skyline Outshines other MH-related Stocks; Dow Regains 235 Point Read More
Following up on a story abut the closing of Odd’s Mobile Home Park in Minot, North Dakota and the subsequent moving of the 31 homes, as MHProNews posted June 3, 2016, minotdailynews reports that problems arose in the moving and re-siting of some of the homes. The city, which bought
Manufactured Homes Damaged in Moving to other Sites Read More
The city of Catlettsburg, Kentucky has adopted an ordinance that restricts factory-built homes to manufactured home communities (MHCs) within the city limits, according to what marketplace.dailyindependent tells MHProNews. However, any such home sited outside of an MHC as of March 15, 2011 is grandfathered in, and if it becomes damaged
KY City Restricts Placement of Manufactured Homes Read More
MHProNews has learned from robesonian that Tony Prevatte, owner of Prevatte Home Sales in Lumberton, NC has been elected president of the North Carolina Manufactured and Modular Homebuilder’s Association’s board of directors. A 45-year veteran of the modular housing industry, Prevatte will guide the 18-member board of directors as it
Tony Prevatte Chosen to Head NC MH Association Read More
In the news from CNNMoney: Nazi’s assault rifle now made in the U. S. World’s second largest diamond fails to sell. U. K.’s $100B auto industry needs Europe. IBM is making plastic less toxic. The SF (San Francisco) Homeless Project is a response to “the human catastrophe” of homelessness brought
Dow, Several MH-related Stocks Recover from Two Day Loss Read More
A diversified finance company that provides flexible inventory lending and floor plan financing solutions, Northpoint Commercial Finance has hired two new Directors of Business Development to its Field Sales Organization. With a strong background in floor plan financing, and 20 years overall in financial services, Richard Derbonne comes to the
Northpoint Commercial Finance Expands Read More
The National Association of Home Builders (NAHB) said earlier this month unfilled construction positions remain at a post-recession high of 200,000, and could possibly impact the larger economy, according to to the latest labor report from the Associated General Contractors of America, says constructiondive. NAHB’s survey addressed nine trades, and
Construction Employment Lack may Impact Overall Economy Read More
Kittitas County officials and community leaders toured manufactured home communities operated by the King County (Seattle, Washington) Housing Authority, intending to help resolve the fate of the Shady Acres Mobile Home Park in Kittitas County that has been acquired by the county for parking of RVs at the Kittitas Event
Creating a Dialogue on Manufactured Housing as Affordable Housing in Seattle Read More
Updating a story MHProNews has covered numerous times, the last being March 3, 2016 about the modular homes for the homeless families in Dublin, Ireland, Dick Brady, the Dublin City Council’s housing manager said even though the timetable was off—the homes were supposed to be ready at Christmas, but were
Modular Homes for Dublin Homeless Finally Occupied Read More
Two public hearings will be held by Eddy County in far southeast New Mexico for public comment on the new Manufactured Home Placement Permit Ordinance, the first one Wed., June 29, at 5:30 in the Eddy County North Road Dept. The ordinance establishes permits and regulations, particularly dealing with joining
NM County Sets Hearings on Manufactured Home Siting Read More
Avon Park’s (Fla.) Planning and Zoning board is expected to issue final approval of a proposed 509 home site, age-restricted manufactured home community (MHC) in central Florida on 134 acres of former citrus land, as highlandstoday tells MHProNews. The proposed site is just east of Avon Park’s Crystal Lake Club,
New MH Community Planned for Central Florida Read More
In the news from CNNMoney: 71 percent of Americans think the economy is “rigged.” U. S. economic outlook dims in wake of Brexit. Volkswagen agrees to $14,7 billion settlement. Kellogg’s is opening a cereal cafe in Manhattan. World’s largest uncut diamond up for sale. NASA tests the rocket booster that
Skyline Corp. Bumps up +9.95 Percent, as Deer Valley Plummets -30.00 Percent Read More
MHProNews has learned from The Wall Street Journal that Singapore’s sovereign wealth fund, GIC, is in talks to acquire Denver-based YES! Communities from private-equity firm Stockbridge Capital Group for over $2 billion. Spurred by investors who are seeking to find sources of higher yield in a world of low interest
Singapore Investors Turn Sights on Yes! Communities for $2B+ Read More
