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.
Damon Reed of Capital One has engineered a Fannie Mae $4.7 million fixed-rate refinancing package for a 309 home site manufactured home community (MHC)in Novi, Michigan, about 30 miles northwest of Detroit. Built in two phases, 212 sites of Country Cousin Manufactured Home Community were constructed in 1966, and 99 […]
Country Cousin Obtains a Fannie Mae Refi Loan Read More
Following a tepid first quarter, government-sponsored enterprise (GSE) Freddie Mac reports the mighty dollar spigot of consumer spending, manufacturing, trade and auto and retail sales for the first quarter has tightened, with an estimated GDP (gross domestic product) of 1.1 percent growth instead of the expected 1.8 percent. As nationalmortgagenews
Freddie Mac 2016 Forecast: Housing will Continue Growing, GDP to Slow Read More
MHProNews has learned from prnewswire Drew Industries, Inc. (NYSE:DW) will release its financials for Q1 2016 before the market opens on May 9, 2016 followed by a conference call later that same day at 11 AM. Drew’s CEO Jason Lippert, President Scott Mereness and CFO David Smith will lead the
Drew Industries set to Release First Quarter results Read More
In the news from CNNMoney: The crash in oil prices caused $67 billion in combined losses by 40 publicly-traded U.S. oil producers last year. Spirit Airlines ranks last in customer satisfaction. Investors await Apple’s quarterly results. China’s PayPal rival now worth $60 billion. England’s hospital doctors are angry. Exxon Mobil
Skyline Plummets 15.5%; Cavco, Drew, AMG Gain Read More
The Long County Board of Commissioners in Hinesville, GA are grappling with an application for a rural subdivision that Mike Allen wants to build, but it is unclear whether the new homes will be manufactured homes or modular homes, according to coastalcourier. Similarly, the board has little information about water
Board Needs More info about Proposed MH/Modular Community Read More
Single mom and Army Staff Sgt. Michelle Satterfield was surprised at the last regular season home game of the Pittsburgh Steelers when she received a ceremonial key to a modular home in White Oak, Pennsylvania, where she will be near her fellow soldiers in the 14th Quartermaster Detachment in Greensburg.
Iraqi Army Vet and Humanitarian Worker Receives Modular Home Read More
A Welsh company, Affresol, has developed a modular house from recycled plastic that is mixed with a harder-than-concrete pourable resin, which is waterproof, fire retardant and rot proof. MHProNews has been informed by cltampa that each Thermo Poly Rock saves 18 tons of waste from landfills, and five or more
Modular House Saves Plastic from Landfill Read More
The Martinsville (VA) Henry County Economic Development Corporation (EDC) and modular home builder Nationwide Custom Homes announce the expansion of the company’s production line by adding 59 employees, increasing output by 35 percent, with the set-up scheduled to be complete by the end of the year. As demand grows for
Nationwide Expanding Martinsville VA Modular Facility Read More
First-time home buyers accounted for less than a third of all home purchases last year, the lowest rate in almost 30 years, as The Wall Street Journal informs therealdeal. Only 25 percent of U. S. counties that have over 100,000 people saw a decrease in affordability of homes since last
Affordable Homes becoming more Scarce Read More
In the news from CNNMoney: Antitrust regulators approve of Charter Communication’s takeover of Time Warner Cable and Bright House Networks. Fox Sport Reporter Erin Andrews settled her lawsuit against Marriott Hotels for an undisclosed amount. Republican billionaire mega-donor Charles Koch said the U. S. tax code is “rigged’ in favor
Deer Valley Spikes +26.19%; Universal Forest Products Falls -5.07 Read More
The Henry County Board of Supervisors in south central Virginia will hold a public hearing to respond to the request of Ruben Torrres to rezone property for locating a manufactured home (MH). The property is in a 100 year-old flood plain, as designated by the Federal Emergency Management Agency (FEMA),
Virginia County Recommends Manufactured Home Rezoning Request Read More
A graduate student team from the University of Texas at Austin won the U. S. Department of Housing and Urban Development’s (HUD) third annual Innovation in Affordable Housing Student Design and Planning Competition. As hud.portal tells MHProNews, the Austin team was one of four team finalists to come up with
Students Compete to Redesign Affordable Housing Complex Read More
According to the first-quarter Zillow Real Estate Market Reports, rising values for entry-level homes may dash the hopes of would-be first-time homebuyers during the traditional spring buying season. The cost of entry-level homes, those in the bottom third of the market, are rising the fastest among the largest markets in
Inventory of Entry-value Homes Slipping, Raising Prices Read More
The expansion of Naval Air Station Whidbey Island will add 3,747 people to the population of Oak Harbor, Washington, a 20 percent increase by 2036, 70 percent of whom are military or civilian personnel associated with the base. Located in the far northwest corner of the continental United States, Oak
Clayton may get Nod to Add Housing at Growing Air Base Read More
Built by Beracah Homes, a modular homeless shelter for female veterans has just been sited in Milford, Delaware adjacent to a facility for male veterans, in use since 1996, according to capegazette.villagesoup. Staffed by Home of the Brave personnel, as MHProNews has learned, the new two-story, four bedroom home, which
Modular Home Houses Homeless Female Vets Read More
In the news from CNNMoney: Stocks have not been this expensive in seven years. McDonald’s boosted by breakfast revenues. Sears closing ten stores and 68 Kmarts. American Airlines extends lower fares through 2017. Airbnb for dogs. Restaurant of the future: order on a mobile app, nutritious food ready in 90
Skyline Corp. Advances Strongly for Second Consecutive Day Read More
Southfield, Michigan-based Sun Communities, Inc. (NYSE:SUI) announces that it will release its first quarter financial results on Tue., April 26, 2016, before the market opens. That will be followed by a conference call at 11 A. M. eastern time to discuss the results, according to benchmarkmonitor. Sun closed down -1.68
Sun Communities To Announce Quarterly Results Read More
Sears was a pioneering mail-order company that sold watches, underwear, furniture, appliances—and from 1908 to 1940 sold 100,000 homes through a catalog. As the timesununion states, “The pieces arrived packed in boxes that contained lumber, cut to length and numbered for convenience, as well as shingles, doors, windows, molding, plumbing,
Sears & Roebuck Homes Presaged HUD Code and Modular Homes Read More
According to seekingalpha, Universal Forest Products, Inc. (NYSE:UFPI) notched its best first quarter ever, posting Q1 sales of $682.2 million, 7.8 percent over the 2015 numbers, and $3.35 million better than the consensus estimates. The unit volume increased in all markets by an aggregate of nearly 13 percent. EBITDA (Earnings
Universal Forest Products Posts Record Revenue Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes rose 5.1 percent in March from the prior month to a seasonally-adjusted annual rate (SAAR) of 5.33 million, beating economists’ expectation of 4.3 percent and a rate of 5.30 million. Stephen Stanley, chief economist at Amherst Pierpont
Sales of Previously-owned Homes Rises in March Read More
