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.
Good news for the spring buying season came in the form of new home sales trumpeting 16.6% in April, the best monthly rate since 2008, as sales rose to a seasonally-adjusted annual rate (SAAR) of 619,000 units, up from 531,000 in March. According to the Commerce Department, as reported to […]
New Home Sales Surge in April, especially in the Northeast Read More
At the 2016 National Congress & Expo for Manufactured and Modular Housing held in Las Vegas, 700 manufactured housing (MH) professionals heard a panel of industry leaders state that, with the onset of seniors downsizing, single-parent households and Millennials becoming the largest consumer group, the time is ripe for MH
MH Industry Leaders Pursue New Marketing Strategies Read More
With 8,000 to 10,000 Baby Boomers hitting the 65 mark daily, a task force from the Bipartisan Policy Center, arguing that there is a link between housing and health that will impact the well-being of the country’s senior population, is urging the federal government to spur investment in affordable housing
Shortage of Affordable Housing Could Severely Impact 40% of Boomers Read More
Noting that one third of the people in Ireland need some form of state support to buy or rent a home, Housing Minister Simon Coveney, speaking to the Housing Agency’s annual conference, said, “Affordability is the real challenge facing housing in Ireland.” Facing a deadline at the end of July
Ireland Dealing with Severe Affordable Housing Shortage Read More
Presented at the 2016 Venice Architecture Bienalle, and set to launch this summer in the Netherlands, this new self-reliant concept involves waste recycling, energy generation and food production to attain sustainable living. Based on a study from Stanford University, each village combines homes, greenhouses and public buildings, interconnecting vertical farming
Self-sustaining Community Features Vertical Gardens Read More
In the news from CNNMoney: Snapchat valued at more than $20 billion. Coke production is stopped in Venezuela because of sugar shortage. International Wastewater Systems turns sewage into useable energy. Urban millennials targeted by Whole Foods as it rolls out its 365 stores, which are smaller than its regular stores
All MH-related Stocks, except one, advance; Dow gains over 200 Points Read More
Beginning in 1956, Lawrence “Larry” Lippert sold galvanized and aluminum roofing products to the manufactured housing industry, as tradeonlytoday tells MHProNews. Now celebrating its 60h birthday, Lippert is part of Drew Industries, Inc., which has grown into a billion dollar annual business today, producing and distributing component parts to the
Lippert Celebrating 60 Years in Business Read More
As home prices rise in Miami-Dade County, Fla., sales of single-family homes, townhomes and condos have fallen for the fifth consecutive month, according to a report by the Miami Association of Realtors, says therealdeal. Townhomes and condos felt the most pinch: unit sales dropped 12.1 percent in April 2016 over
Strong Dollar Driving Down Foreign Home Buyers in Miami Read More
Dutch architect Jurrian Knijtijzer has developed a stackable and addable, modular building system for homes, offices, clinics or schools that is also 95 percent recyclable. Made of sustainable lumber from a tree farm—his company, Finch Buildings, plants a tree for every one they cut down–builds the 13 ft. X 33
“The Tesla of Housing” Claims Dutch Architect Knijtijzer Read More
The fallout continues from the bankruptcy of Innovative Building Systems, as MHProNews last reported May 7, 2016, closing Keiser Homes, leaving the developers of 82 High Street in Farmington, ME, a nonprofit affordable housing complex, to find a replacement builder. The complex’s board of directors will review proposals from three
Modular Apartment Builder Seeks Replacement for Keiser Read More
MHProNews has learned from streetinsider that Patrick Industries, Inc. has completed its acquisition of Cana Holdings, Inc., with its two facilities, one in Americus, Georgia and one in Elkhart, Indiana where Patrick is headquartered. Cana produces custom cabinetry, primarily supplying the manufactured housing industry as well as the residential, hospitality
Patrick Completes Acquisition of Cana Holdings Read More
In the news from CNNMoney: Monsanto gains 4.4 percent after Bayer’s 62 billion bid. 1,600 fake credit cards results in $13 million fraud in South Africa. General Electric hiring 2,000 in Saudi Arabia, doubling their workforce there, helping Saudi Arabia diversify. IBM has 20,000 job openings. Venezuela is running out
MHCV Edges Up, Third Avenue Value Gains +0.86%, Major Indices Slip Read More
As nationalmortgagenews informs MHProNews, new home listings fell in April 1.1 percent, says real estate brokerage Redfin, the first year-over-year loss since Aug. 2014. Noting the steepest declines were in the Northeast, Redfin says nearly two-thirds of the markets it follows had fewer listings during the month than a year
Inventory of New Homes Continues Falling Read More
Everett and Regina Saunders, the owners of the Amberlite Mobile Home Park in Bloomingburg, New York, about 80 miles northwest of New York City, have sent a letter dated March 29 to the residents that the community will be sold July 29 for $960,000 to Amberlite LLC, and the new
Manufactured Home Community in New York set to Close Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News MH Community adding 46 homes. Malibu manufactured home goes for $3.5 million. Oregon MHC sets new record. Oklahoma City has first modular hotel. Americans
Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016 Read More
In an attempt to encourage communities to be more diverse, the Obama administration is tying federal community grants to the demographic make-up of communities, according to what washingtonexaminer is telling MHProNews. An amendment from Sen. Mike Lee (R-UT) would have defunded President Obama’s “The Affirmatively Furthering Fair Housing Rule,” but
Attempt to Block Funding of Federal Housing Program Fails Read More
The Roaring Fork Valley Regional Planning Commission has approved a proposal for El Jebel Mobile Home Park in Eagle County, Colorado to add 46 modular homes to the 298 existing units in the community. A worker enclave for five decades, the Crawford family has contributed affordable housing to the area
Forty-six Homes to be Added to El Jebel Mobile Home Park in Colorado Read More
In the news from CNNMoney: College enrollment is dropping. The Central States Pension Fund will be insolvent in ten years without government money for 407,000 members. Can Egyptian tourism survive another airline disaster. VW gives 120,000 workers a 5 percent raise. British CEOs should take a 50 percent pay cut.
Patrick, Carlyle, Affiliated Managers Show Strong Gains in Today’s Session Read More
As latimes tells MHProNews, a triple-section manufactured home in Malibu’s Paradise Cove Mobile Home Park sold for $5.3 million, the most ever paid in the area. Listed for sale in March for $5.5 million, it was sold a year ago for $4 million. Pinnacle Estate Properties agent Elizabeth Seaman represented
Malibu Triple-section Manufactured Home Sets New $$ Record Read More
The Clayton Building at the Knoxville Museum of Art in Tennessee, named for the founder of Clayton Homes and building benefactor, Jim Clayton, is undergoing an HVAC upgrade and will be closed May 22 through May 25, 2016. With its exterior of locally-quarried Tennessee marble, the 53,200 sq. foot four-story
Clayton Art Building Will Close Temporarily Read More
