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.
The Dow Jones Industrial Average slipped -0.44 percent in today’s trading, -77.94 points to close at 17,698.18. Meanwhile, the Nasdaq dropped -0.42 percent, -20.66 points to close at 4,880.23, while the S&P 500 similarly lost, -0.40 percent, -8.20 points to finish at 2,059.69. The Yahoo! Finance Manufactured Housing Composite Value …
The RV/MH Hall of Fame is seeking nominations for the Class of 2016. The Selection Committee will receive nominations from all recreational vehicle (RV) and manufactured housing (MH) sectors, including dealers, campgrounds, manufacturers, retailers, trade media, associations, user groups. As rvbusiness informs MHProNews, to be eligible the nominee must be, …
According to what newsobserver reports from North Carolina regarding deadly tornadoes, “While the perception might be that tornadoes target trailers, the reality is that manufactured housing is the least safe place to be in severe weather, second only to an automobile. It’s just that simple.” In fact, it is not …
Article on Manufactured Homes and High Winds Gets it Wrong Read More
While investopedia sets the record straight in noting “mobile homes” were built before HUD Code standards were established n 1976, it nevertheless uses the term in the article’s title: “Are Mortgages Available for Mobile Homes?“ It does use the correct phrase in the article. It says 32 percent of manufactured …
Twisting Terminology about Manufactured Home Financing Read More
In addressing a critical housing shortage in McCook, Nebraska, the city council approved a plan for non-profit Prairie Gold Homes to train Department of Correction inmates in constructing modular homes as infill throughout the town. The McCook Work Ethic Camp (WEC) attracted the attention of Lincoln, NE-based Prairie Gold which …
A proposal to develop twenty acres of vacant land at the Kotzin Ranch just outside Tusayan, Arizona is set for affordable housing and will likely include manufactured housing. According to what grandcanyonnews tells MHProNews, the acreage is located at the southern tip of the Grand Canyon National Park, and the …
The Dow Jones Industrial Average fell 3.7 percent in January, advanced 5.6 percent in February and dropped two percent this month. Today it returned to see-saw much like two weeks ago, dropping 200.19 points in today’s trading after gaining 263 points, 1.5 percent yesterday, according to what CNNMoney tells MHProNews. …
Nobility Homes Surges; MHCV, most Tracked Stocks Drop Read More
The National Association of Realtors (NAR) tells MHProNews their Pending Home Sales Index, based on contract signings, rose 3.1 percent in Feb. to 106.9 from a revised Jan. index of 103.7, 12 percent above last Feb.’s mark of 95.4. (An index of 100 represents an average level of contract activity.) …
Pending Home Sales, First-time Homebuyers Rise in Feb. Read More
MHProNews has learned from nationalmortgagenews a recent report by Zillow states that population growth has outpaced the growth of housing in many areas across the country, especially affordable housing. The cities that are in step have either experienced low population growth or have maintained a steady growth of new housing. …
Drew Industries, Inc. Chief of Financial Operations (CFO) Joseph S. Giordano III sold 19,500 shares of Drew stock on the market March 24, according to a filing with the Securities and Exchange Commission (SEC). According to what dakotafinancialnews tells MHProNews, the stock was sold at $64.75 per share, totaling $1,262,625.00. …
MHProNews has learned from mtsandard the Butte-Silver Bow Planning Board in Montana voted 5-0 that no more pre-HUD Code homes (MH) be allowed to site in the county, although those already existing would be grandfathered in and allowed to stay. MH built between 1976, when the federal government mandated construction …
Montana County Tightens Restriction on Manufactured Homes Read More
According to rvbusiness, Phoenix-based Cavco Industries, Inc. has acquired Chariot Eagle, Inc. of Ocala, Florida, a manufacturer of Park Model recreational vehicles (RVs) and manufactured homes. This will add to Cavco’s current line of park model RVs, and extend the company’s each into the southeastern U. S. Cavco’s CEO and …
Cavco Industries Acquires RV and Manufactured Home Producer Chariot Eagle Read More
The Dow Jones Industrial Average surged 263 points in today’s trading for three reasons, according to what CNNMoney tells MHProNews. The first is the high investors are riding based on Federal Reserve’s Chairwoman Janet Yellen saying the economy is not strong enough for interest rates to be raised. Secondly, the …
Deer Valley Skyrockets +116.67 percent; MHCV up, Dow Surges Read More
MHProNews has learned from townhall.finance that based on the U. S. government’s data, from 1984 to 2013, Americans have increased their household share of annual expenditures on housing, life insurance, pensions, education, health care and charitable contributions. Meanwhile, the per household share spent on transportation, apparel, food and alcoholic beverages, …
All across Florida many manufactured home communities (MHCs), often filled with pre-HUD Code homes, many of which are too decrepit to move or do not meet construction standards required in other communities, are being re-purposed and developed into more lucrative uses. Some are on scenic waterways that were out of …
Rising Land Values Force Older Manufactured Home Communities Out Read More
MHProNews has learned from wantchinatimes the China Business News (CBN) reports modular building not only reduces construction time but also can be dismantled easily, leaving small trace of debris. China’s Broad Group completed assembly of a 57-story building in 19 days, and as MHProNews reported June 4, 2013, has plans …
The Tunica Manufactured Housing Show in Mississippi shared the spotlight this week with the House Financial Services Committee passing the Preserving Access to Manufactured Housing Act out of committee and headed to the House floor for a vote. Additionally, IKEA prepares to ship 10,000 durable modular shelters to Iraqi homeless …
Sunday Morning News Re-Cap March 22 to March 28, 2015 Read More
The 2015 Tunica MH Show is now in the history books. While final numbers need to be cross checked and adjusted for accuracy, the first word heard is that the new location at the Hollywood and Resorts Hotels and Casinos near Tunica MS drew more attendees than the previous year. …
2015 Tunica Manufactured Housing Show Flash Report Read More
According to what housingwire tells MHProNews, Motley Fool got opinions from three of their analysts abut the effect of rising interest rates, which the Federal Reserve will very likely raise in either the second or third quarter. Matt Frankel says marginally higher interest rates will not impact the real estate …
Will Higher Interest Rates Affect the Housing Market? Read More
The Financial Services Committee informs MHProNews that the Oversight and Investigations Subcommittee held a hearing to scrutinize the role of the Federal Deposit Insurance Corporation (FDIC) in shuttering legitimate businesses by closing their bank accounts. The only witness at the hearing was FDIC Director Martin Gruenberg. Termed Operation Choke Point, …
