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.
As soon as the manufactured home (MH) Donna Lewis purchased for $125,000 arrived, she realized there were problems, according to mynews4 in Reno, Nevada. “The home came severely damaged,” she told us. “It had an accident on the way. It looked like a bomb had gone off. Walls ripped open, […]
Production Errors on Manufactured Homes Being Investigated Read More
According to what multifamilyexecutive tells MHProNews, demand for more housing units is expected to reach 13.9 million to 15.9 million by 2024 as more households are formed. “Household formation has been depressed in recent years by a long, jobless recovery and by a lull in the growth of the working
MBA Report: Household Formation may Rise to Nearly 16 million by 2024 Read More
Sales of new homes in August rose sharply to a seven-year high, increasing 5.7 percent to a seasonally-adjusted annual rate (SAAR) of 552,000, well above forecasts of economists surveyed by Bloomberg. July’s rate was revised upward to 522,000 from 507,000, according to the Commerce Dept., as homebuyers continue to take
New Home Sales Rise in August, but Fed Head Concerned Read More
According to the Mortgage Bankers Association (MBA), mortgage applications rose 14 percent on a seasonally adjusted basis for the week ending Sept. 18. MBA Chief Economist Mike Fratantoni noted the rate declined towards the end of the week which “likely drove applications from both prospective homebuyers and borrowers looking to
Mortgage Applications Rise Read More
MHProNews has learned from Nasdaq that Universal Forest Products, Inc. (NYSE:UFPI) has bright prospects for future growth but is dependent in the near term on housing construction, which is not consistent. The company earns top grades for expanding and improving its product line, and expects to generate sales of $3
UFPI has Bright Future, but Short Term Risks Read More
In the news from CNNMoney: New home sales in August hit highest peak since 2008. Caterpillar to cut 10,000 jobs. Pope Francis: “The environmental challenge we are undergoing, and its human roots, concerns and affects us all.” Mexico is Latin America’s success story. Number of oil rigs in North Dakota
MHCV Edges Up, Dow Slips, Home Sales Rise Read More
Following a story MHProNews first posted Aug. 18, 2015 regarding a 3D printed home and car in a collaborative effort of Clayton Homes, the Oak Ridge National Laboratories (ORNL) and 20 other agencies including students from the University of Tennessee, the finished product was on display at ORNL’s Industry Day
3D Printed Home and Car can Share Energy Read More
On the heels of the wild fires that have scorched areas of northern California in recent weeks and destroyed 1,230 homes, the Federal Emergency Management Agency (FEMA) took an aerial view of the Valley Fire devastation following President Barack Obama’s declaration of Lake County as a disaster zone. FEMA has
Manufactured Homes may House Fire Victims Read More
Following a story MHProNews last posted Sept. 15, 2015 regarding the proposed housing of homeless families in modular homes, the social support agency of the Archdiocese of Dublin, Crosscare, weighed in with its support of the proposal as an interim solution to the shortage of social housing in Dublin, reports
Dublin’s Archdiocese Supports Modular Housing Read More
While some have called it a 100-year flood, there’s no question about the rushing waters in June that destroyed the majority of Lusk, a small town in east central Wyoming near the Nebraska border, as starherald informs MHProNews. An auction of 100 donated items Sept. 18, 2015 raised $123,000 to
FEMA Provides Manufactured Homes to Flood-damaged Wyoming Town Read More
In the news from CNNMoney: Bill Gross, bond fund manager for Janus Capital, wants a rate hike now. Divest Invest moves assets away from investing in fossil fuel development, now represents $2.6 trillion in assets. Economic growth in cities rose 2.3 percent in 2014, the best year since 2006. Meanwhile,
Stocks Relatively Quiet, but MHCV Outperforms Dow, Nasdaq and S&P, Gains +0.29% Read More
At a meeting of the 350-member Manufactured Home Park Owners Alliance (MHPOA) of British Columbia, Canada the buzz was about the sale of communities, which has quickly become a hot real estate sector. Last year 22 manufactured home communities (MHCs) sold, with a transaction value of $30.7 million, a 26
More Manufactured Home Community Development Sought in BC Read More
The U.S. Department of Justice (DOJ) and Hope Fair Housing tell MHProNews that the DOJ has announced “that the owners and operators of the Williams Trailer Court mobile home park in Marion, Illinois, had agreed to pay $75,000 to settle allegations that they discriminated against African Americans and families with children,
Justice Strikes Again – another Manufactured Home Operation Settles Case Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes fell 4.8 percent in August to a seasonally-adjusted annual rate (SAAR) of 5.31 million, below the 5.51 million economists polled by Reuters anticipated. Year-over-year sales were up 6.2 percent, but the monthly drop is a cautionary indicator,
Sales of Pre-owned Homes Fell in August Read More
The $193 billion-in-assets Carlyle Group is collaborating with the owners of Pacific Skies Estates, a 93 site manufactured home community (MHC) overlooking the Pacific Ocean in California to upgrade the utilities, streets and build a 1,000-foot-long boardwalk along the edge of the bluff. The $42 million deal includes buying luxury
Carlyle Expands Manufactured Home Community Portfolio Read More
In the news from CNNMoney: With a 17 percent stake in Volkswagen, Qatar has lost nearly $5 billion. Aids drug raised from $13.50 a pill to $750 each. Brian Williams will begin covering live, breaking news on MSNBC. VW stock drops 20 percent, as it stands to lose $7.3 billion
Only one Covered MH-related Stock Rises; VW Shocks the World Read More
World’s Advanced Saving Project (WASP) is an Italian company that has built a 40-foot tall, 20-foot wide 3D printer that uses clay and dirt to construct low cost houses. As realtytoday tells MHProNews, the huge machine, termed Big Delta, is a large metal frame with a nozzle in the middle
Large Italian 3D Printer Prints Houses Read More
A major pipeline build covering 52 miles from Cadiz to Canton, Ohio will create 400 jobs in the Dover area to serve as headquarters for the Marathon Oil project constructed by Price Gregory pipeline company, which is leasing 20 acres for offices and storage of tools, materials and equipment, according
Factory-built Structures will Provide Offices and Storage for Pipeline Build Read More
5 years after its passage, Dodd-Frank remains one of the hotly contested legacies of the Obama Administration. Supporters of the law believe that it provides important consumer protections. Others point to facts suggesting CFPB over-reach with respect to manufactured housing chattel – or personal property, “home-only loans” – are creating
With the need for 250,000 homes per year needed in London, as MHProNews reported Sept. 11, 2015, last year think tank New London Architecture and the mayor headed up an international call for help to solve the shortage, receiving over 200 proposals from architects, developers, and private citizens in 16
London Receives 200 Innovative Proposals to Address Housing Shortage Read More
