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 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.
Affordable Housing not Keeping up with Demand Read More
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.
Insider Sells $1.26 Million of Drew Stock Read More
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,
Housing Costs Skyrocket over 30 Years Read More
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
China Choosing Modular for Hotels, Housing Read More
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,
Operation Choke Point Examined by Subcommittee Read More
“If underlying conditions had truly returned to normal, the economy should be booming,” said Federal Reserve Chairwoman Janet Yellen said in a talk in San Francisco. She ticked off a few other considerations: The strong dollar is hurting exports, lower oil prices have led to reduced drilling, and the housing
MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown Read More
In response to the Kevin Clayton Debt Elimination Campaign challenge established last September to help the RV/MH Heritage Foundation become debt free in five years, donors to the manufactured housing sector have raised $522,573, following Clayton’s kickstart pledge of $200,000. With a goal of $1 million, Clayton has issued a
RV/MH Foundation Issues Challenge for Debt Elimination Campaign Read More
The House Financial Services Committee passed H.R. 650, the Preserving Access to Manufactured Housing Act of 2015 that will help millions of Americans have better access to financing options for manufactured housing. The vote was 43 in favor and 15 opposed. In addition to the Manufactured Housing Institute (MHI), H.R.
H.R. 650 Passes out of House Financial Services Committee Read More
Warning that Australia is decades behind in the modular building industry, renowned construction adviser David Chandler says the country could lose out on over $30 billion annually as well as 75,000 construction jobs. BIS Shrapnel research analyst James Middleton tells MHProNews the market is being hampered by fears that modular
Australian Builders Encouraged to Study Modular Techniques Read More
MHProNews has learned from cnnmoney that Elkhart, Indiana-based Skyline Corp. (NYSEMKT:SKY) has obtained a three-year secured revolving line of credit with First Business Capital Corp. The agreement will allow Skyline to borrow up to $10 million. Secured by the company’s assets, the funds will be used for working capital, and
Skyline Corp. Secures Line of Credit Read More
In his opening statement to the full House Financial Services Committee considering 11 bipartisan bills “designed to promote a healthier economy, preserve consumer choice and help our fellow Americans achieve the American dream of financial independence,” Committee Chairman Jeb Hensarling (R-TX) acknowledged they all passed the House and/or the Committee,
Rep. Hensarling Notes Bipartisan Support for American Dream, Fighting Terrorism Read More
Made to be assembled similarly to their furniture, IKEA has designed a modular flat pack refugee shelter that can be assembled by four people within eight hours, and the United Nations High Commissioner for Refugees is ordering 10,000 of them. Some of the first units will go to Iraq to
IKEA Develops Modular Refugee Shelter Read More
