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.
While many in the financial markets expect the Federal Reserve will not raise interest rates until September, the larger concern is the pace of how the rates will rise following the first adjustment. Monthly? Quarterly? 2016? In any case, on the Big Board the first day of the new weeks’ …
Deer Valley Plummets -52.31 Percent; MHCV Edges Down -0.24 Percent Read More
Updating a story MHProNews published July 21, 2014, regarding modular housing units for students at Mississippi Valley State University (MVSU), dailyjournal tells MHProNews the school has raised its budget $1.1 million to cover the cost of buying and installing the units. The school had miscalculated by 50 the number of …
School Raises Budget to Cover Modular Housing Costs Read More
Writing in Manufactured Home Living News, MHProNews publisher L. A. “Tony” Kovach says those opposed to the passage of the Preserving Access to Manufactured Housing Act, H. R. 650, which is scheduled to reach the House Floor for a vote this Tuesday, are fueling the mainstream media with misinformation about …
H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing Read More
A planned $1.85 billion Northern Plains Nitrogen (NPN) plant for Grand Forks, North Dakota will draw 2,000 temporary workers to construct the facility over a 36 month period. With stories of increased crime rates coming from the other end of the state 330 miles away where thousands of oil patch …
Modular Work Camp may be Needed for Nitrogen Plant Construction Read More
In this week’s news, although we did not cover it, we are reminded of the power of nature as a tornado devastated a small town in Illinois. Otherwise, H. R. 650 may hit the House Floor this week. Can Tiny Homes site in MHCs? Modular housing being weighed in Boston, …
Sunday Morning Recap–April 5, 2015 to April 11, 2015 Read More
Following a story MHProNews last published March 11, 2015 about affordable modular homes on the planning board in Bluffton, South Carolina, the town’s Affordable Housing Committee voted to recommend to the Town Council a series of six modular homes by R-Anell Homes. The goal is to encourage redevelopment of blighted …
South Carolina Town Seeking Affordable Modular Housing Read More
As follow-up to a post MHProNews reported Sept. 24, 2014 regarding the stand-off between Forest City Ratner and Skanska over the 32-story Brooklyn modular housing complex—now called Pacific Park Brooklyn– partially completed, theguardian states construction will resume. Forest City had accused Skanska of cost overruns, while Skanska leveled charges of …
Brooklyn’s B2 Modular Tower to Resume Minus Modular Read More
The Mobile Home Review Board in Vista, California was created by the city to hear disputes between manufactured home community residents and community owners, and to encourage fair treatment, as thecoastnews informs MHProNews. Three residents of the Green Valley Mobile Home Park had a hearing with the board April 2, …
Review Board agrees with Manufactured Home Community Owner Read More
On the Big Board, corporate America is celebrating that Cuba will be removed from the terrorist list, as investors pushed the Dow Jones Industrial Average over the 18k mark, gaining +98.22 points, +0.55 percent, to end the week at 18,057.65. The NASDAQ moved up +21.41points, +0.43 percent, to close at …
MHCV Slips as Investors Drive the Dow, NASDAQ and S&P into Positive Territory Read More
Noting that HUD Code manufactured homes can withstand winds up to 120 MPH, and that it’s the add-ons, typically a carport or porch, that may present a danger during windstorms, Victor Frost of Fairfield Homes and Land gives this analogy: “It is like opening a pop top can where you …
MH Retailer Fairfield Homes and Land High Standards attract local media attention Read More
As MHProNews has reported in years past, the Manufactured Housing Recreational Vehicle (MHRV) Show Association will once again roll out the Grand Puyallup RV Show at Washington State Fair Events Center/Puyallup Fairgrounds in Puyallup, Washington April 30-May 2, 2015. Back by popular demand, this year’s show will also include three …
Manufactured housing component supplier Drew Industries, Inc. (NYSE:DW), of Elkhart, Indiana, has informed MHProNews that Joseph S. Giordano III, will be leaving his posts as treasurer and Chief Financial Officer (CFO) as of Aug. 31, 2015 to pursue other business opportunities. He joined Drew as Corporate Controller in 2003, and …
Executive Change at Manufactured Housing Component Supplier Read More
The Manufactured Housing Institute (MHI) informs MHProNews it is imperative industry stakeholders and members contact their representative in Congress to urge them to vote for the Preserving Access to Manufactured Housing Act (H.R. 650) that is expected to hit the House Floor Tuesday. D.C.-based consumer groups are working on the …
Tell your Congressional Representative to Vote Yes on H. R. 650 Read More
MHProNews has learned from santaclaritafree that Santa Clarita, California resident Douglas Fraser is trying to rally residents to lobby city council on several issues he says the council has ignored, including one regarding site rents at manufactured home communities (MHCs). He is reaching out to others who also have issues, …
Resident wants to Challenge Manufactured Home Site Rents Read More
On the Big Board, investors saw signs of a Spring economic uptick as the Dow Jones Industrial Average advanced +56.22 points, +0.31 percent, to end the day at 17,958.73. The NASDAQ moved up +23.75 points, +0.48 percent, to close at 4,974.57, while the S&P 500 gained +9.28 points, +0.45 percent, …
MHCV Slips as Investors Push the Dow, NASDAQ and S&P Slightly Up Read More
As part of Mobile, Alabama’s Neighborhood Renewal Program, the city sited two new modular homes on property it owns and will sell the homes to a non-profit that will then offer the homes to low income families, as WSFA-TV informs MHProNews. Each home is 750 square feet with two bedrooms …
As growing populations and housing shortages continue to confound especially urban planners, one solution lies in modular fabrication, as theguardian informs MHProNews. While proponents say this method is the way forward because it is energy efficient, allows for more quality control and savings in time and energy, and produces less …
Modular Building: Front End Savings, but Long Term Sustainability? Read More
According to what bismarcktribune tells MHProNews, credit unions in North Dakota are lending at a higher rate than other financial institutions. However, in western North Dakota where affordable housing is crucial due to the rapid influx of workers in the oil fields, loans for manufactured homes (MH) are increasingly more …
Manufactured Home Loans Tough to Find in North Dakota Read More
Australia’s prefabAUS CEO Warren McGregor says the major challenge in accepting modular construction methods involves altering preconceived notions that modular design is uninspired. He states, “The single biggest challenge [in embracing prefabrication] will be the change of mindset involved, and this change needs to be widespread, including clients, contractors, architects …
Potential for Modular Methods Down Under is Growing Read More
In financial news, minutes from the Federal Reserve’s March meeting indicates more caution in raising interest rates because of fears of a possible slowdown in the economy. Rates may not be set free until the Fall. Meanwhile, former NYC Mayor Michael Bloomberg has pledged $30 million more to reduce the …
MHCV Notches Gain; Fed may Extend Brakes on Interest Rates Read More
