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.
In the news from CNNMoney: Chesapeake Energy cuts 15 percent of workforce. Billionaire investor Carl Icahn supports Trump, says he’s looking out for the middle class. Ralph Lauren steps down as CEO of company. Puerto Rican officials looking for help to pay bills. Home prices up five percent nationwide. Meanwhile, […]
MHCV Slips, ELS Edges Up, Carlyle Falls Read More
MHProNews has learned from acainternational that the House Financial Services Committee will consider two bills relating to oversight of the Consumer Financial Protection Bureau (CFPB) at a hearing Wed., Sept 30, 2015 at 10 AM EST. Rep. Steve Stivers (R-OH) introduced Bureau of Consumer Financial Protection-Inspector General Reform Act of
House Financial Services to Consider Bills Regarding CFPB Oversight Read More
The ARC Centre for Advanced Manufacturing of Prefabricated Housing, based at the University of Melbourne, in Australia has been established to create a $15 billion modular housing sector so that the most advanced manufacturing technology will be used in prefabricated construction. With funding from a research council and industry, the
Australia Aims to Triple Size of Modular Home Industry Read More
As nationalmortgagenews informs MHProNews, sales of single-family homes and condos are on course to reach an eight-year high, according to RealtyTrac‘s U. S. Home Sales Report for August. 1,947,028 homes were purchased through the first eight months of the year, which represents a 5.4 percent increase over 2014. The last
Pre-existing Home Sales on High Track for 2015, while Pending Home Sales Slip Read More
Following a series of posts MHProNews last published Sept. 24, 2015 regarding modular homes for the homeless in Dublin, Ireland, the city council’s head of housing, Dick Brady, has confirmed the selection of sites has begun. With more than 200 homes to be sited, Brady is looking at vacant council-owned
Hunt is on in Dublin for Modular Housing Sites Read More
In the news from CNNMoney: Pharmaceutical stocks pull down markets. New York Fed Chief says interest rate hike will come this year. Trump says unemployment rate is 42 percent. Global economic slowdown affects also stocks. Apple sells record 13 million new iPhones. Porsche introduces electric car to compete with Tesla.
Nobility Homes Gains 20%+; Dow Drops 300 points+ Read More
The Manufactured Housing Institute (MHI) informs MHProNews that data regarding lending at 7,000 financial institutions and covering nearly 10 million mortgage applications and six million loan originations reveals manufactured home lenders are not making HOEPA (Home Ownership and Equity Protection Act) loans because of the increased liability and burdensome rules
Data Confirms Dodd-Frank Regulations Impede Manufactured Home Loans Read More
A June 2015 Freddie Mac survey reveals that 55 percent of renters of both single-family homes and multifamily homes plan to continue renting in the next three years, although 67 percent of multifamily renters and 60 percent of single-family renters say they are satisfied with their rental experience. However, 53
Single-family Renter Households more Likely to Buy Read More
Following a story MHProNews posted Aug. 20, 2015 regarding the purchase of Signature Seating in New Haven, IN by Lippert Components, Inc. of Elkhart, IN, kpcnews reports the $16 million acquisition also includes a plant in Auburn, IN where Lippert will invest $800,000 in new equipment. While Lippert is seeking
Lippert Seeking Tax Abatement for Newly Acquired Plant in Indiana Read More
What’s New in public focused Manufactured HomeLivingNews.com The Kennedy – Model Home Video Tour – New Durham Estates, Westville, IN Jack and Betsy Norman, Whispering Pines 55+ Manufactured Home Community, Somerset, PA What’s New in Manufactured Housing Industry Professional News Justice Dept. settles two MHC discrimination suits. Judge clears path
Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015 Read More
Montana State District Court Judge George Huss abruptly ended a jury trial early in Bozeman, and awarded a development corporation $650,000 to be paid by the Gallatin County Commission for denying a proposal to develop the Gateway Village subdivision and site factory-built homes, MHProNews has learned. The commission had denied
Judge Orders Approval of Contested Factory-built Subdivision, Awards $650,000 Read More
The Manufactured Housing Institute (MHI) informs MHProNews that Darryl Searer, president and chairman of the RV/MH Hall of Fame in Elkhart, Indiana reports $54,000 was raised toward Kevin Clayton’s Debt Elimination Challenge at the 4th International Networking Roundtable for Land-Lease-Lifestyle Communities in San Diego, California. Champion Home Builders, Inc. donated
$54,000 Raised Towards Eliminating RV/MH Hall Debt Read More
A complex of modular housing units in a small town in southern Italy when viewed from the air looks like swastikas, according to what thetimesofisrael tells MHProNews. Nestled in a neighborhood of the small town of Specchiolla in the Province of Brindisi, the four housing units that form each swastika
Modular Housing in Italy, U. S. Look Nefarious from Air Read More
In the news from CNNMoney: VW has chosen new CEO. The Oak Ridge National Laboratories has developed a way to charge your electric car while on the road. Traverse City, Michigan is best U. S. beer town. America’s companies are hoarding $1.4 trillion in cash. GroupOn is laying off 1,100
MHCV Slips, Cavco Gains, Dow Moves Up Read More
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
