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.
MHProNews is conducting a survey of MH industry professionals to get your opinion of how current rulings, media portrayals of manufactured homes and communities, good and bad, affect sales, and how active do you think MH pros are in addressing political issues. Survey results received to date indicate a low …
The National Association of Realtor’s (NAR) Pending Home Sales Index rose 0.05 percent in July to 110.9, according to forbes, 7.4 percent higher than July, 2014 when the index was 103.3. This follows a drop of 1.8 percent in June to 110.3, as MHProNews reported July 30, 2015. (An index …
MHProNews has learned from prnewswire that David M. Smith has joined Drew Industries, Inc. (NYSE:DW) as Chief Financial Officer (CFO), succeeding Joseph S. Giordano III, who held that position since 2008. Mr. Giordano will remain with the company temporarily to ensure a smooth transition. Mr. Smith, 52, has been Senior …
What’s New in public focused Manufactured HomeLivingNews.com Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing Mary Zokoe talks Martin Motor Sports, Community Guidelines, More! Inside MH Road Show Video What’s New in Manufactured Housing Industry Professional News CFPB imposed appraisal rule on HPML loans one …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 23-Aug. 30, 2015 Read More
Ten years after Hurricane Katrina took out some 60,000 homes, the Mississippi Development Authority (MDA) has determined the federal government poured over $3.2 billion into permanent homes for state residents, according to what sunherald tells MHProNews. Former COO for MDA’s disaster-recovery division, Jon Mabry, said, “When we received the money, …
Some Katrina Victims just now Receiving Housing Assistance Read More
While home values dropped drastically for most of the nation following the housing bubble, the oil-producing states posted housing gains. With crude oil trading at half the price of a year ago, according to nationalmortgagenews, New Mexico, North Dakota, Oklahoma, Wyoming and Alaska may see home prices fall six to …
Arnon Rosan is the founder of EverBlock, an adult version of Legos, polypropylene blocks up to a foot long that lock together and stack with raised lugs much like Legos, as wired tells MHProNews. He currently makes them in 14 colors and three sizes with the largest one weighing two …
In the news from CNNMoney: Consumer spending rose three-tenths of a percent in July. Hackers have stolen $1.2 billion from 7,000 businesses in two years. ATM fees rise again. China’s stock market has lost over $3 trillion in one month. Brazil falls into deep depression. Meanwhile, the Yahoo Manufactured Housing …
Ted C. Jones, chief economist and senior vice president for Stewart Title Guaranty Co. in Houston, says financing the buying and selling of houses will be much more difficult when the mortgage disclosure rules go in to effect Oct. 1, as newsok tells MHProNews. “We’re going to continue to have …
Title Company Head says Mortgage Disclosure Rules will Delay Home Sales Read More
Following a story MHProNews last posted on Feb. 24, 2015 regarding the closing of the Life O’Riley manufactured home community the previous year, and subsequent forced evacuation of all the residents in ten days because of unsanitary conditions, code enforcement has been moved back from the state to the city. …
Undergraduate students at the New York City College of Technology are busy building a modular, environmentally conscious solar home to enter into the U. S. Department of Energy’s Solar Decathlon competition this fall, according to nbcnewyork. The DURA house—diverse, urban, resilient, adaptable—is an open-concept, one-bedroom, net zero weather-resistant living space …
NYC Students Entering a Modular Home in Solar Decathlon Read More
In the news from CNNMoney: Oil rises ten percent. Donald Trump says tax the rich more. U. S. Gross Domestic Product rose 3.7 percent in 2nd quarter, stronger than expected. China’s lowered demand for copper hurting U. S. jobs. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) lost -0.57 percent …
Near All Manufactured Housing Stocks Close Up; Dow Gains Strength Read More
Updating a story MHProNews published Jan. 16, 2015 regarding the city of Pearl, Mississippi’s attempt to prevent a manufactured home community (MHC) from refilling vacated sites with manufactured homes (MH), Madison-Rankin Circuit Judge John H. Emfinger ruled the city does not have that authority, saying the ordinance would destroy the …
Judge Rules Manufactured Home Community’s Right to Replace Homes Read More
Fourth quarter 2015 financial results for Skyline Corp (NYSE:SKY) indicate net sales from continuing operations increased eight percent over the same period last year, $49,605,000 over $46,040,000, resulting in a net loss of $149,000 versus a net loss the previous fiscal year Q4 of $1,672,000, according to prnewswire. The 2015 …
Skyline Corp. Reports Q4 and Fiscal Year 2015 Financials Read More
Residents of the 50 home site Fetherston Mobile Home Park in North Grenville, Ottawa, Canada were concerned in the late 1990s when they noticed sewage seeping out of the ground in their community, according to insideottawavalley. By 2001 the community was heading into bankruptcy, when the Ministry of the Environment …
Unique Wastewater Treatment System Solves Manufactured Home Community Problem Read More
Updating a story MHProNews last published April 17, 2015 regarding the expansion of the Clayton Bradley Academy on the campus of Clayton Homes in Maryville, Tennessee, the Class of 2030 and the Class of 2018 broke ground for the multipurpose building that will include a 600-seat gymnasium, ten additional classrooms, …
Estimates released by the U. S. Census Bureau and the U. S. Department of Housing and Urban Development (HUD) indicate sales of new single-family homes in July rose 5.4 percent over June to a seasonally-adjusted annual rate (SAAR) of 507,000, besting June’s numbers of 481,000. The level is 25.8 percent …
In the news from CNNMoney: $2.1 trillion lost in U. S. stocks in six days. New York Fed says a September rate hike is less compelling. Dow skyrockets to 3rd highest gain ever. Donald Trump has news reporter Jorge Ramos removed from press conference, then allows him to return. Oil …
Manufactured Housing Stocks Close Up; Dow Regains Lost Ground Read More
Stephen D. Williamson, vice president of the St. Louis Federal Reserve, says the Fed’s quantitative easing policy of purchasing monthly debts to stimulate the economy following the Great Recession was not all that beneficial to economic improvement. He says the zero interest rates since 2008 have not promoted good inflation …
The Northern Indiana Public Service Company (NIPSCO) is offering a free Manufactured Home Weatherization Program to its residential natural gas and electric customers residing in a manufactured home. For better comfort and smaller energy bills, the upgrades a representatives can install include programmable thermostats, showerheads, faucet aerators, duct sealing, CFL …
NIPSCO Energy Program Saves MH Owners on Utilities Read More
