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.
Maryville, Tennessee-based Clayton Homes has reported a net income increase of 31.1 percent for Q3 2015, to $189 million, according to a regulatory filing, says nationalmortgagenews. A subsidiary of Berkshire Hathaway, revenue rose due to an eight percent increase this year in home unit sales. Additionally, profit grew because of […]
Clayton Reports Income Increase for Q3 Read More
Builder confidence in the single-family 55+ housing market rose for the sixth quarter in a row, according to what the National Association of Homebuilders (NAHB) tells MHProNews, as the 55% + Housing Market Index edged up three points to 60. Any number above 50 indicates confidence is good. As consumeraffairsreports,
Housing Market Confidence Index for 55+ Homes Rises Read More
MHProNews has learned from dakotafinancialnews that Zacks has upgraded Dynex Capital (NYSE:DX) from a hold rating to a buy rating, with a $7.50 target price on the stock. One of the company’s current production operations is the origination of loans secured by manufactured homes (MH). Dynex also originates mortgage loans
Manufactured Home Loan Securitizer Beats Zacks EPS Read More
In the news from CNNMoney: More than half of U. S. retailers plans to hire seasonal workers, up from 43 percent last year. ‘Too Big to Fail’ banks need $1.2 trillion as cushion against the next possible meltdown. More part-timers are finding full-time work. The economy has added 8.7 million
Only one Tracked Stock Gained in Today’s Trading Read More
The Yucaipa (California) City Council, after visiting several deteriorating manufactured home communities, is considering passing an ordinance to make it easier for community owners to convert their property to a different use. If the community owner wants to develop their property, the ordinance would give pre-approval zoning and a “mobile
City Council Seeking MHC Closure Ordinance Read More
MHProNews has learned from nkytribune a Jefferson County, Kentucky judge has refused to dismiss a lawsuit brought by a former resident of a manufactured home community (MHC) against the community owner, Erlanger, KY-based SSK Communities. Virginia Chappell, who lived in Autumn Lake Pointe MHC (MHC) in southwest Jefferson County, KY,
Kentucky Judge Refuses to Dismiss Lawsuit against Land Lease Community Owner Read More
What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing,
Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More
According to a National Association of Realtors (NAR) survey that tracked a year’s transactions through June, the share of first-time homebuyers fell to 32 percent from 33 percent last year, according to bloomberg. Historically, the rate is 40 percent, and now stands at a 28-year low. Increasing apartment rent, burdening
Share of First-time Homebuyers at 28-Year Low Read More
MHProNews has learned from PRWeb that Fremont, Ohio-based Style Crest has recently developed a new line of Revolv® HVAC products specifically aimed at the manufactured home (MH) market, a market it has been serving for over 40 years. The new product, in addition to meeting all federal standards, features new
Collaboration leads to New HVAC System for Manufactured Homes Read More
While the Housing and Planning Bill now working through Parliament in the United Kingdom has the intent of increasing the housing stock, the rising demand for housing calls for more radical activity to meet the need. As huffingtonpost.uk reports, the architectural firm of Rogers, Stirk, Harbour + Partners, which is
Modular Housing Offers Flexibility, Quick Housing Read More
In the news from CNNMoney: U. S. sees its best wage growth in six years. Oil company defaults are coming because of low oil prices. U. S. economy adds 271,000 jobs as unemployment falls to 5%. With strong jobs report interest rates may yet rise this year. Migrants will boost
Losses more than Gains Among Tracked Stocks Read More
MHProNews has learned from constructiondive that the latest National Association of Homebuilders (NAHB) Cost of Construction survey reveals the average construction cost of a single-family home, 2,802 square feet, has risen to $289,415, increasing from $95 per square foot in 2013 to $103 per sf today. Builders reported cost increases
Price of New Single-Family Site built Home Rises over $120k to $468k Read More
Responding to House Financial Service Chairman Rep. Jeb Hensarling’s (R-TX) request for ideas on addressing poverty and home affordability, MHProNews and ManufacturedHomeLIvingNews publisher L. A. “Tony” Kovach documents HUD’s failure to promote manufactured housing as affordable housing. In Re-inventing HUD’s Role in Quality Affordable Housing, Kovach points out the percentage
Re-Asserting HUD’s Affordable Housing Mission Read More
Residents questioned the Upper Township Planning Board in Upper Township, New Jersey about two manufactured home communities (MHC) for seniors, one with 110 home sites in Seaville and another one that is proposed in Palermo. Ground was broken last month for the community in Seaville, planned by Ocean City developer
Three New Senior Land Lease Communities Rising in New Jersey Read More
MHProNews has learned from koin-tv in Hillsboro, Oregon that manufactured homes in a community may increase in value without any improvement being made to the home. Alice Siller’s MH was built in the 1980s, and has been valued at $12,000 for tax purposes, which cost her $6 a year. Then
Manufactured Home Tax Bill rises from $6 to over $400 Read More
A staircase tucked in between cantilevered modular units leads to a door, in each unit, that opens into the living room, which distinguishes these modular homes that have been adapted to the rocky terrain in the region of Cordoba, Argentina by architect Carlos Alejandro Ciravegna. As designboom informs MHProNews, each
Argentinian Modulars Rise with the Topography Read More
In the news from CNNMoney: Whole Foods is spoiling, as same-store sales drop. Home sales experience biggest gains in eight years. New pencils grow into vegetables after they become stubs—the eraser contains seeds. SUV sales in September jumped 58% over the previous year—in China. Worth an estimated $25 billion, Airbnb
Most Tracked Stocks Flat, same as Dow, NASDAQ and S&P Read More
Pointing to a potential upside of $13.09 from the current price, equities researchers at Scotiabank have given Killam Properties (TSE :KMP) a target price of C$11.75 ($8.93 USD) in a research report issued to clients and investors on Wed., Nov. 4, according to dakotafinancialnews. Other analysts have been issuing reports
Killam Properties getting Notice from Analysts Read More
The Member of Parliament (MP) for Folkestone and Hythe, Damian Collins, says the United Kingdom has a situation, part of which is shared by the U. S.–a lack of homes to buy and a lack of affordable homes to rent, that could be alleviated using modular homes, as expressandstar tells
British MP Urging Modular Homes Solution to Housing Shortage Read More
Updating a continuing story MHProNews last posted Oct. 9, 2015 regarding mandated sprinklers in new home construction in Maryland, modularhomecoach reports the legislation may have formed a rallying cry for on-site and off-site builders to join forces, and attempt to have the law rescinded. The regulation will cover manufactured homes
Sprinkler Mandate in Maryland Dampening Home Building Read More
