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.
According to thehill, home prices increased as Standard & Poor’s/Case Shiller 20-city index notched a five percent annual gain in February, an increase over the 4.5 percent pace in January, marking 34 months of growth. “Home prices continue to rise and outpace both inflation and wage gains,” said David Blitzer, […]
Home Prices Continue to Rise, Outpacing Wages Read More
Pope Francis Decries the Pay Gender Gap, the Federal Reserve is not ready to Raise Interest Rates Yet (they have not been raised since 2006) and GDP grew only 0.2 percent in Q1, 2015. The Yahoo Manufactured Housing Composite Value (MHCV) fell more than any of the three major indexes,
MHCV Drops; Only Skyline and Third Avenue Rise Read More
MHProNews has learned from bloomberg pending home sales of previously-owned homes for March rose 1.1 percent following a revised 3.6 percent jump in February, which was the biggest increase since October 2010, according to figures from the National Association of Realtors (NAR). The increase was one tenth of one percent
Pending Home Sales Inch Up Read More
A man in Arizona claiming to be a contractor, licensed manufactured home mover and man of God “doing the Lord’s work” is actually convicted con artist Gerald Brenner, according to the Pima County Sheriff’s Department (PCSD)in Tucson. Alleged victim Nigel Morgan contacted him through an ad on Craigslist, and now
Disappearing Manufactured Homes Sold by Alleged Con Man Read More
The prototype of a super energy-efficient modular home with zero carbon footprint will be completed this summer in Henderson, Nevada, and the designer, Aeron Tozier, hopes to spread his concept nationwide. Set to be “super insulated” with radiant heat barriers and rigid, spray and batt insulation, he also plans to
Modular G House Designed for Do-It-Yourselfers Read More
If the Forge Land Company can get around neighborhood opposition, it will turn two parking lots in the Tenderloin District of San Francisco into two eight-story modular apartment buildings containing 238 studio apartments. A Planning Commission public hearing was scheduled for April 30, but postponed to June 4 because the
Modular Mini-Apartments Proposed for San Francisco’s Tenderloin District Read More
Rick Robinson of the Manufactured Housing Institute (MHI) informs MHProNews that Executive director Frank Bowman, of the Illinois Manufactured Housing Association (IMHA), and his staff drafted SB 1702, convincing the IL Secretary of State’s office that manufactured homes (MH) and park models, while they are vehicles, are non-motorized vehicles. This
Victory for Manufactured Housing in Illinois Read More
U. S. stocks nudge higher, Twitter tanks, Apple posts record Q2 results, NFL gives up tax exempt status, and Jane Goodall says Sea World should be closed. The Yahoo Manufactured Housing Composite Value (MHCV) gained more than any of the three major indexes, moving up +1.73 percent, to close at
MHCV Outshines the Dow; Cavco and Patrick Add 4.73 and 2.78 Percent, Respectively Read More
The timesfreepress informs MHProNews the Blythe Early Head Start Program in Cleveland, Tennessee has been using a modular building in Blythe Park since 2010, but it has become a source of contention for the city council and the neighborhood association. The building takes up 9,000 square feet of the 59,000
Modular Building in a Tug of War Read More
While many studies have shown that homeownership continues to be a large part of the American Dream, the Joint Center for Housing Studies at Harvard University reports in 2013 home purchases fell for the ninth consecutive year, and homeownership has dropped to 65 percent, the lowest rate in 20 years.
Manufactured Housing may Become the New American Dream Read More
In a message to MHPronews from Nathan Smith, Chairman of the Board of Directors of the Manufactured Housing Institute, he notes the House has passed HR 650 April 14 by a bi-partisan vote of 283-162, and implores those involved in the manufactured housing industry to contact their two senators to
IMPORTANT! Tell Your Senators to Support Manufactured Housing Read More
Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified in support of state Senate Bill 134 which would allow recovery of legal fees by manufactured home community owners and retailers who are wrongfully charged with civil rights and fair housing complaints. Williams told Senate Civil Justice Committee
Although over 200 people who lost their homes in the Colorado flooding of 2013 would like to return to Lyons, CO, on March 24 over 50 percent of the town’s voters rejected a proposal to allow 50 to 70 units of affordable housing on five to seven acres of 25.66
Committee Member wants Manufactured Housing to Lure Flood Victims Back Read More
Caterpillar reported better than expected earnings, Facebook continues to be strong, and Dunkin’ Donuts and Domino’s Pizza both reported strong earnings and reports, but health care costs worried investors as they wait for a report from the Federal Reserve which is meeting this week. The Yahoo Manufactured Housing Composite Value
MHCV Falls; More Tracked Stocks Fall than Gain Read More
Following a story we last reported on March 25, 2015 regarding the need for additional classrooms in Licking Heights, Ohio, the school board approved $211,000, by a vote of 5-0, to purchase six used modular classrooms for Licking Heights Central Middle School for school year 2015-2016. MHProNews has learned from
School Board Approves Six Used Modular Classrooms Read More
Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc., which supplies components to the manufactured housing and recreational vehicle industries, has acquired Spectal Industries., Inc. of Granby, Quebec, Canada. With production facilities in Canada as well as Tennessee and South Carolina, Spectal manufactures doors and windows for commercial and
Drew Industries Acquires Canadian Firm Read More
A government review in New South Wales (NSW), Australia set to begin this month is intended to make it easier for developers to re-purpose greenfield sites into manufactured home communities (MHCs) and caravan (recreational vehicle) sites, according to what dailytelegraph informs MHPronews. Bob Browne, NSW general counsel for Camping, Caravan
New South Wales Review may Ease Restrictions on Manufactured Home Communities Read More
Sun Releases Q1 Financials, Patrick, Drew set to do same. One modular dealer opens in Midwest, another spreads West. MHC Makes Room for Retail Frontage. Fannie Mae Exempts MH Loans from Caps. ROI for MHCs Rises. Malibu Mobile Homes Taxed as Personal Property. Elizabeth Warren Blocks Reform. MHC Owner Yields
Sunday Morning Recap April 19-April 25 2015 Read More
Just hours before the Boulder (Colo.) City Council was set to vote on an ordinance that would protect the right of owners of pre-HUD Code factory-built homes to sell their homes within their own manufactured home communities, the owner of the Boulder Vista Village Mobile Home Park—the target of the
Manufactured Home Community Owner Yields on In-community Sale of Older Homes Read More
Following a story MHProNews posted earlier regarding a significant rise in existing home sales based on numbers of the National Association of Realtors, Dave Kranzler, writing for seekingalpha, says when the numbers are put into a longer range historical context, there is “more sizzle than substance.” Home sales were said
Spike in Existing Home Sales Inaccurate Read More
