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 CNN News: Federal Reserve may raise interest rates in September, we spend an average of $2,600 annually commuting to work, railroad stocks are falling this year, and millionaires will control nearly half the world’s wealth by the end of the decade. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) […]
Liberty Homes Plummets, Nobility Homes Rises, MHCV Slips Read More
Updating a story MHProNews posted June 10, 2015 regarding the closing of Gerry Park for Mobile Homes in Gary, Indiana, and residents concerns of having to move, Gary Mayor Karen Freeman-Wilson says a meeting between company officials and residents has resolved some of the issues. No company representative was at
Residents of Closing Manufactured Home Community have Concerns Addressed Read More
“I have learned that there’s a big need for low-income families to get some help,” says Robin Davis, of Davis Homes, a manufactured and modular home dealer in Peachland, North Carolina, reports ansonrecord. She says in the year since the business opened, about 400 people have come in and many
Davis Homes in NC Offers Paths to Manufactured Home Ownership through USDA Read More
From a hearing June 11, 2015 from the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Department of Housing and Urban Development” at which Rep. Ed Royce (R-CA) questioned HUD Secretary Julian Castro about the need for housing finance reform, and bank lenders leaving
Rep. Ed Royce Questions HUD Sec. Julian Castro Read More
The Dublin, Ireland City Council has voted to erect up to 400 modular homes for the growing family homeless population following a plan rejected by the councillors to renovate 64 vacant apartments in O’Devaney Gardens The Dublin Joint Homelessness Consultative Forum (DJHCF) adopted a plan to “develop and propose a
Modular Homes Destined for Homeless in Dublin Read More
Guerdon Modular Buildings of Boise, Idaho has hired Pete Murray as president and chief operating officer (COO) as the company continues its growth in the western U. S. market, building modular multi-housing developments, reports idahobusinessreview. Murray has been vice-president of western manufacturing operations for Welch Allyn, a medical device maker
Modular Builder Hires Pete Murray as President Read More
In USA Today News: Americans opened their wallets in May, as retail sales rose +1.2 percent across several categories: car dealers sales rose +two percent; sales of building material and garden supplies increased +2.1 percent; clothing stores saw sales rise +1.5 percent; department stores sales rose +0.8 percent; and sales
Skyline Corp. Spikes; Donald Trump Running for President, Yikes! Read More
MHProNews has learned that another board director of Drew Industries, Inc. (NYSE:DW) has been involved in insider trading. James Gero purchased 10,000 shares of stock June 11, 2015 at $57.00 per share for a total of $570,000, according to insidertraderreport. The insider transaction was reported to the Securities and Exchange
More Insider Trading at Drew Industries Read More
Residents of manufactured homes with a taxable value under $61,000 in Lakeland, Florida will have to pay a disproportionate amount of the proposed fire assessment fee policy compared to other residents of the city, according to a methodology used to determine the fee. Bill Brent of the Federation of Manufactured
Fire Fee in Florida Disproportionately Affects Manufactured Home Residents Read More
A group of Canadian manufactured homeowners is asking the city of Surry, British Columbia for more protection from developers who are closing manufactured home communities (MHC) to repurpose the land. The Surry Manufactured Home Owners Association (SMHOA) is protesting the proposed shuttering of Park Mobile by WestStone Group that will
Canadian Group Protests Closing of Manufactured Home Community for Senior Facility Read More
With the population of La Plata County, Colorado expected to increase by 52 percent over the next two decades, 790 dwelling units will need to be built annually to meet the demand, according to a study by the La Plata County Regional Housing Alliance (RHA). Using data from the Colorado
Manufactured Homes Planned for Durango, but More could be Justified Read More
In what Colliers International is calling the most ever paid per home site for a manufactured home community (MHC) in Oregon, Songbrook has been sold for $13.8 million to R & D Management, LLC of California. The gated community has 140 home sites on just under 32 acres in Eugene,
High End Manufactured Home Community Sells for $13.8 M Read More
In CNN News: Colt Gun maker files for bankruptcy, CVS buying Target’s pharmacies for $2 billion, Puerto Ricans fleeing a bad economy, and Los Angeles is now the largest city in the country with a $15 minimum wage. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.10 percent, besting
MHCV Advances 6th Straight Day, while Dow Falls over 100 Points 2nd Straight Day Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June, more than expected, from 54 to 59 points, hitting its highest level since September, 2014, indicating confidence among home builders. While any number above 50 indicates builders see conditions as favorable, Reuters says
Builders of Single-family Homes see Brighter Days Read More
Actor Brad Pitt initiated the Make it Right foundation to provide modular homes for survivors of Hurricane Katrina after it devastated the Ninth Ward in New Orleans. Now he is partnering with the Fort Peck Indian Reservation to bring 20 eco-friendly modular homes to be placed in a sustainable village
Brad Pitt’s Foundation Installing Modular Homes for Fort Peck Indians Read More
Michigan’s Gov. Rick Snyder has appointed Bryan Davis of Redford, MI to the state’s Manufactured Housing Commission, according to realestaterama. The commission establishes policies that govern all aspects of manufactured housing (MH), including year-round and seasonal communities. Davis, a business agent for the Michigan Regional Council of Carpenters, represents organized
Michigan has New Member on Manufactured Housing Commission Read More
In manufactured housing (MH) news, the demand for smaller homes could be a boon for MH, while Sunshine Homes documents the quality that goes into their product. In other company news, Nobility Homes posts strong results, UMH sets acquisition for six MHCs, Clayton Homes incentivizes purchase of homes while Clayton
Sunday Morning Recap—June 7, 2015 to June 13, 2015 Read More
Sydney, Australia-based architect Stephen Sainsbury has designed Ecoshelta, a series of modular homes constructed of wood frames and corrugated metal siding and roofs that can be made in a variety of styles with minimal environmental impact. The interiors are lined with plywood from certified-sustainable plantations, as curbed.detroit informs MHProNews. The
Australian Modular Home available in Multiple Configurations Read More
In a blog from thehill, former Oklahoma Governor Frank Keating, now president and CEO of the American Bankers Association, noting June is American Housing Month, says he hears from bankers across the country who tell him regulations are standing in the way of homeownership. He says nearly two-thirds of Americans
Expanding Portfolio Loans could help Consumers Purchase Homes Read More
While the focus of homebuilding has been on the larger homes, the future may see more moderately priced smaller homes as the industry tries to lure consumers, especially first-time buyers, back into the homeowner fold, as the National Association of Home Builders (NAHB) tells mpamag. However, Census Bureau data reports
Demand for Smaller Homes on the Horizon Read More
