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.
Brisbane’s Queensland (Australia) University of Technology researchers Karen Manley and Dale Steinhardt report 84 percent of Sweden’s homes contain some prefabricated wood elements, far beyond the under five percent for the UK, Australia and the United States. In between are the Netherlands with 20 percent of all new housing using …
Factory-built Homes more Prevalent in Scandinavia and Japan Read More
In Today’s News: AmEx President Ed Gilligan Dies, Anheuser-Busch is canning clean drinking water for flood victims in Texas and Oklahoma, Michael Jackson’s Neverland Ranch is on the market for $100 million, and a customer left a $2,000 tip in a D. C. restaurant on a $93. tab. Meanwhile, the …
The 59 percent increase in water and garbage pickup rates in New Sarepta, Alberta, Canada has some residents of the New Sarepta Mobile Home Park and the city ready to leave. A group of citizens attended the Leduc County Council meeting to request changes. Rate hikes went into effect in …
Manufactured Home Community Residents Balk at Utilities Increase Read More
Four much-needed modular duplex rental units have been added to the Lower Sioux Community housing stock for tribal member families in southwest Minnesota. Known as Lower Sioux Estates, construction of the three and four-bedroom, two bath units began in the fall of 2014 following the application in 2012. With funding …
According to housingwire, the Oklahoma County Property Assessor records indicate leading progressive Democrat Elizabeth Warren allegedly took advantage of a housing market transaction that many do and have done, and one she purportedly condemns—flipping houses. She purchased a home for $30,000 in Oklahoma City in he early 1990s, and five …
While many may think of the tiny house movement as the province of hipsters, artists and young professionals who eschew the world of McMansions and material goods, there are a number of enclaves nationwide for the chronically homeless and disabled that speak to efficiency and quality of life. Eugene, Oregon’s …
In the News: Oxford University has first female president in 800 years, San Francisco has the hottest luxury housing market followed by Bangalore, India, and Carl’s Jr. burgers (also known as Hardee’s) is offering a 1,000 calorie burger. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) moved up +0.63 percent, …
MHProNews has learned that UMH Properties, Inc. (NYSE:UMH) has purchased a 158 site manufactured home community (MHC) in northeastern Pennsylvania for $3,517,000. The all-age community is situated on 43 acres in the Marcellus and Utica Shale regions where the demand for housing is being driven by energy exploration workers. Current …
The National Association of Realtors (NAR) reports that pending home sales rose again in April, 3.4 percent over March, following March’s increase of 11 percent over March 2014. April’s rise was 14 percent year-over-year, the highest level since 2006, says realtor. NAR’s chief economist Lawrence Yun remarks about today’s numbers: …
Following a story we first posted May 18, 2015 regarding a development in North Platte, Nebraska that will include modular housing for low-to-moderate income residents, nptelegraph informs MHProNews that nine developers have shown interest in building 21 units of the 43 DEVCO intends to complete with the $344,000 funding. Called …
MHProNews has learned ATRM Holdings, Inc., (NASDAQ:ATRM) which bought modular manufacturer KBS of Maine in April, 2014, has completed filings to become current with Securities and Exchange Commission (SEC) reporting requirements, and has made operational changes which it says will improve its performance for the remainder of 2015. Based in …
ATRM Projects Improved Operations from its Modular Production Read More
The North Carolina Department of Environment and Natural Resources has awarded Alamance County $24,000 to demolish and recycle 17 abandoned manufactured homes. Eligibility requirements state that the home must be privately owned and vacant, and owners voluntarily agree that the homes need to be demolished, according to thetimesnews. A pilot …
County Receives Funding to Demolish Abandoned Manufactured Homes Read More
According to marlindemocrat, a request to site a manufactured home (MH) near the Marlin Men’s Civic Association building led to some confusion at the Marlin (Texas) City Council meeting recently. While city attorney Mike Dixon remembered drafting an ordinance regarding the placement of MH, City Secretary Sandra Herring said no …
In the News: Three of the fastest growing cities are in Texas (Houston, Austin and San Antonio), overdraft fees top $1 billion at the big three banks, college-educated workers took the biggest pay cut last year, and China has over one million millionaires. Meanwhile, the Yahoo Manufactured Housing Composite Value …
MHCV, most Manufactured Housing Stocks Advance in Today’s Trading Read More
Manufactured home (MH) retailer Wisdom Homes of America, Inc. (OTCQB: WOFA), based in Tyler, Texas, is teaming up with Sherman Countryside, LLC to sell MH to consumers who will purchase homesites on land developed by Sherman in six subdivisions comprised of 185 developed lots in Sherman, Texas. Wisdom Homes will …
Wisdom Homes Offering Land-Home Package Deal for Manufactured Homes Read More
Capital One Multifamily Finance secured an interest rate of 4.15 percent in arranging a $5 million Fannie Mae fixed-rate loan for the acquisition of Idle Wheel Mobile Home Park in Woodland, California. According to abladvisor, Damon Reed, Sr. Vice President and Capital One Multifamily’s Director of MHC Finance, arranged the …
While he supports free enterprise in the mortgage market, former Ginnie Mae President Joseph Murin, in a blog on housingwire, says without the federal guarantee offered by the Federal Housing Administration, the Department of Agriculture and Veterans Administration mortgages, the U. S. economy may have fallen farther than it did. …
Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae……… Read More
A modular home being tested in Germany is controlled totally by a smart phone, generates enough energy from solar panels on the roof to power houses on either side and can be assembled in one day. At the end of the test, B10, as the house is known, will be …
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) has completed its acquisition of Structural Composites of Indiana, Inc. (SCI). Based in Ligonier, IN, SCI manufactures fiberglass components for the recreational vehicle (RV) and other industrial markets, according to prnewswire. The net purchase price of $20 million was funded by the company’s credit …
Patrick Industries Finalizes Acquisition of Structural Composites Read More
All three major indices fell over one percent in today’s trading as concerns grew over the impending rise in the interest rate, although it is not definite when the increase will hit. Meanwhile, Time Warner stock rose 7.26 percent on word Charter Communications intends to buy the conglomerate for $55 …
Dow, Nasdaq, and S&P 500 Tumble on Fears of Rate Hike Read More
