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.
Several positive corporate returns, rising consumer confidence and lower gasoline prices contributed to stocks rising in today’s trading on the Big Board, as the Dow crossed over the 17,000 mark. Dow Jones Industrial Average 17,005.75 +187.81 (+1.12%). Nasdaq 4,564.29 +78.36 (+1.75%). S&P 500 1,985.05 +23.42 (+1.19%). The Yahoo! Finance Manufactured […]
Liberty Homes Drops, as Drew Industries Advances Read More
Seen lower prices at the pump lately? Saudi Arabia has enough petroleum reserves and funds to sustain itself for eight years with Brent crude at $83/bbl. – and they are now undercutting the competition to gain market share – to counter production increases in Canada and the U. S., businessincanada
Saudi Arabia Responding to Competition from North American Fracking Read More
Delaware District 37 Representative Ruth Briggs King, a Republican, is being challenged by Democrat Paulette Rappa, an educator and resident of a manufactured home community. MHProNews first covered King’s election of Nov. 2012 when she defeated another MHC resident, Beth McGinn. When asked about the problems facing MHC residents, Rep.
DE State Rep takes on Democrat MHC Resident Challenger Read More
Since the formation of the Consumer Financial Protection Bureau (CFPB) in 2011, which the financial services industry fought to prevent, Republicans in the House and in the Senate have said it is an intrusion of government into the market. If the Republicans take control of the Senate in the upcoming
If the GOP Takes the Senate, the CFPB may Take a Bath Read More
Following a story MHProNews last posted Aug. 18, 2014 regarding the conversion of an 83,000 square foot warehouse into a modular home manufacturing plant, the company, Renewable Jersey, LLC intends to hire 120 workers as part of the first phase, and received approval from the state’ finance board. Economic Development
New Factory Home Builder Closer to Production Read More
Stocks were mostly flat in today’s trading as the Dow and Nasdaq rose barely, and the S&P slipped slightly. Dow Jones Industrial Average 16,817.94 +12.53 (+0.07%). Nasdaq 4,485.93 +2.21 (+0.05%). S&P 500 1,961.63 -2.95 (-0.15%). The Yahoo! Finance Manufactured Housing Composite Value: 537.5 Today’s Change: -3.81%. As of 4 PM
Liberty Homes Plummets, Skyline Rebounds; Dow and Nasdaq Slip Slightly Read More
The bombing of England during the Second World War left hundreds of thousands of people homeless. Between 1944 and 1948, the government built 156,623 modular bungalows with indoor plumbing and kitchen appliances, somewhat uncommon in rural areas of the country, as MHProNews understands. The dwellings had two-bedrooms, a fold-down kitchen
Museum Celebrates 70 Year-old Modular Homes Read More
The Arkansas Manufactured Housing Association (AMHA) recognized leaders in the industry at its 43rd Annual Convention in Little Rock recently, MHProNews learned from AMHA Executive Director, J. D. Harper. Kevin Hawks of Hawks Enterprises was inducted into AMHA’s Hall of Fame, which is the highest honor bestowed upon any individual
State Manufactured Housing Association Reveals Honors Bestowed Read More
Under the current Sussex County (Delaware) code, manufactured homes (MH) are lumped together with hotels, motels and tourist homes, but a new proposal under consideration would consider them as dwellings, according to villagesoup. A public hearing on a proposed RV community and campground for Castaways at Massey’s Landing triggered the
Manufactured Homes not Dwellings in Sussex County Read More
Mermaid Manor Mobile Home Park in Bradenton, Florida has been sold for $2.1 million by Harold E. Crye to an undisclosed buyer. Crye’s company, Mermaid Manor LLC, paid $1.2 million for the manufactured home community (MHC) in March 2013 following a foreclosure involving prior owner CPM Properties LLC of Tampa,
MHCs Changing Hands in Florida Read More
Following a story MHProNews posted Sept. 5, 2014 regarding a proposed 166 unit modular housing complex straddling the S. Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal has become an item for debate among candidates for the Maple Ridge Council election set for Nov.
Council Votes for Modular Project; Candidates for Council Oppose it Read More
The Dow Jones Industrial Average posted its best week in nearly two years, gaining 426 points, as many of the housing stocks we track also landed in the black in today’s trading. Dow 16,805.41 +127.51 (+0.76%). Nasdaq 4,483.72 +30.93 (+0.69%). S&P 500 1,964.58 +13.76 (+0.71%). The Yahoo! Finance Manufactured Housing
Dow Jones: Best Week in Two Years Read More
One of the more common local stories that news feeds bring MHProNews are those related to “mobile home” fires. Some are tragic, others arson or human error. Many of these are obviously pre-HUD Code “mobile homes,” not manufactured homes. The home that burned in Sumter County, Florida falls into a gray
Fires, Mobile and Manufactured Housing in the News Read More
Elkhart, Ind.-based manufactured housing component supplier Lippert Components Inc., will receive a $200,000 Michigan Business Development Program grant for a $1.7 million investment creating 102 jobs in an expansion of recently acquired Innovative Design Solutions, Inc (IDS). The Michigan Economic Development Corporation announced approval for the project in Sterling Heights,
MH Component Supplier Lippert Expanding IDS in Michigan Read More
A nonprofit in New Hampshire that has been helping low-income families find housing for nearly 25 years has begun designing and selling its own version of energy-efficient manufactured and modular housing. Affordable Housing Education and Development (AHEAD), owning/operating 300 + units for seniors, families and individuals with disabilities, has created
Non-profit Housing Agency Building Own HUD Code and Modular Homes Read More
Following a story MHProNews last reported on July 2, 2014 regarding conditions and rent at the Easton Mobile Home Park in Easton, Massachusetts, the Board of Selectmen refused to roll back rents from $468 to $293. Acting as the Mobile Home Park Rent Control Board, the board members expressed fears
Easton Rents Hold, but Community Owners Must Make Repairs Read More
Strong third quarter corporate results fed investors’ appetite, spurring the three major indexes to continue regaining losses incurred earlier this month. All but one MH related stock rose or remained unchanged. UFPI gained the most of tracked stocks, moving up +3.68 percent. Dow Jones Industrial Average 16,677.90 +216.58 (+1.32%). Nasdaq
Manufactured Housing Stocks Perform Well in Today’s Trading Read More
The National Association of Realtors (NAR) reports homeownership for the under 35 year-old crowd has fallen from 43 percent in 2005 to 36 percent today, according to nationaljournal. Even with very affordable interest rates, the Millennial generation in many cases is saddled with student debt, putting a damper on their
Millennials Pushing Homeownership to a New Normal Read More
A growing trend for the last decade has been an influx of foreign buyers from Asia, Australia and Europe purchasing homes in the U. S., which is actually helping the real estate market price recovery. A report by the National Association of Realtors says $22 billion of the $92 billion
International Real Estate Buyers Spur U. S. Housing Market Read More
The Housing Authority of the City of Napa (HACN) will administer a no-cost home repair loan over a 30-year term to low-income residents who need repairs and upgrades to their homes in Calistoga, California. The half-million grant will be available to those who make 80 percent or less of the
Manufactured Housing Residents Eligible for No-cost Repair Loans Read More
