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 Harvard University’s Joint Center on Housing, the nation is poorly prepared to house aging Baby Boomers, especially those disabled. An added problem is one-third of those aged 50 and older spend more than 30 percent of their income on housing; some boomers who still have a mortgage on […]
Where will the Baby Boomers Live as they Age? Read More
The number of American families who own stocks has fallen from 21.2 percent in 2001 to 13.8 percent, according to what CNNMoney tells MHProNews, noting some families had cut their exposure to stocks in order to pay household bills, while those with higher incomes are buying stocks because the bull
Deer Valley Drops; Dow, Nasdaq, S&P Slip; Stock Ownership Falls Read More
For a new approach to cliffside dwelling, Modscape Concept designed this five-story modular home for a couple on the Southwest Coast of Victoria, Australia, according to hillpost.in (India). The top floor is for a carport for two cars, and the only entryway to the home. An elevator provides access to
Modular Home Hangs Above Water Read More
PayNearMe and ManageAmerica are partnering to allow manufactured housing residents pay their rent and other housing costs with cash at a network of 17,000 convenience stores nationwide, according to marketwatch.com. The funds are immediately guaranteed to management, the resident receives a receipt, and the transaction takes under a minute, like
7-Eleven and Family Dollar to take MHC Resident Rent Read More
The Michigan Manufactured Housing and Recreation Vehicles and Campgrounds Association (MMHA) announces their new board of directors for 2014-2015, as sys-con.com informs MHProNews. President — Jim Hoekstra, Sun Communities Vice President — Don Westphal, Donald C. Westphal Associates Secretary — Andy Blank, Franklin Companies Treasurer — Steve Francis, Rudgate/Infinity Billing
Michigan MH Association Chooses Sun’s Jim Hoekstra Read More
In anticipation of the 5th anniversary celebration of MHProNew’s service to the factory-built housing industry, Howard Walker, Vice-Chairman of Equity Lifestyle Properties (ELS), sent this message with his okay to quote: “The emergence of Tony Kovach’s group of publications has brought a new standard of professionalism to the industry. The
The Big 5 Point 0 Rapidly Approaching Read More
With half a million manufactured homes in the northwest, and over 200,000 in Washington state, an energy efficient manufactured home prototype funded by Puget Sound Energy (PSE), Habitat for Humanity Seattle-King County, and Bonneville Power Administration (BPA) could help northwest utilities meet future energy conservation goals. The home, built for
Energy Efficient Manufactured Home could Save Thousands Annually Read More
Updating a story MHProNews posted Sept. 3 regarding the increase in production of manufactured homes for July, 2014 over the previous July, the Manufactured Housing Institute (MHI) adds that 8,554 floors were shipped in July, an increase of 14.6 percent over July 2013. The seasonally adjusted annual rate (SAAR) of
July Floors Rise; Plants and Producers Hold Steady in June Read More
Stocks remained flat in today’s trading CNNMoney tells MHProNews, as the market holds its breath in anticipation of Alibaba’s IPO, expected to be the biggest IPO in U. S. history. Additionally, CNNMoney created its own portfolio of the most important tech stocks, the CNNMoney Tech 30. Meanwhile, the Dow and
CNNMoney creates own Tech Stock Index; Cavco Gains, Carlyle Slips Read More
Elkhart, Indiana-based Patrick Industries Inc. (PATK) is acquiring PolyDyn3, LLC, a producer of simulated stone and wood products for the recreational vehicle (RV) market, for $1.3 million. Also based in Elkhart, PolyDyn will be operated on a stand-alone basis in its current facility, according to rvbusiness.com. The interior and exterior
MH Component Supplier Patrick Acquires RV Component Maker PolyDyn3 Read More
The Wisconsin Housing Alliance reports the production of off-site built homes is down this year, especially for modular homes, which suffered a drop of ten percent in 2013 over 2012. As biz-times.com tells MHProNews, production in 2004 was almost 700 percent higher. Pittsville Homes closed this summer after 40 years
Manufactured Housing Growing, Modular Home Production Slipping in Wisconsin Read More
Noting the current housing market scenario is not meeting expectations most analysts predicted a year ago, Mortgage Bankers Association (MBA) CEO and President David Stevens says the changing demographic in the U. S. is going to require changes in the home financing market. “If you look at existing housing stock
MBA’s David Stevens: Home Ownership Financing must Change Read More
The Dodge City (Kansas) Commission listened to a group of south Dodge City residents voice disapproval of plans for a 12 modular home development, with one remonstrater referring to them as “trailers,” saying property values will suffer as the result. According to dodgeglobe.com, the city’s planning and zoning board approved
Proposed Modular Development Approved by Planning and Zoning Board Read More
According to the Manufactured Housing Institute (MHI), before leaving for the August Recess, the House of Representatives passed legislation (H.R. 5062) amending the Consumer Financial Protection Act (CFPA) – which is Title X of the Dodd-Frank Act – to provide protection against waiver of state and federal law privileges for
House Passes Privilege Information Read More
Only 142,000 jobs were added to the economy in August, a far cry from the 226,000 economists expected, and breaking the six straight months of growth over 200k monthly. The unemployment rate fell to 6.1 percent, as CNNMoney tells MHProNews, and all three major indexes gained only +.40 percent to
Liberty Plummets, Skyline Drops, S&P hits another High Read More
Plans to site 166 new modular homes in a proposed development in Vancouver, British Columbia, Canada on both sides of the South Alouette River are raising concerns with nearby residents—and the eyebrows of district staff. The increased density for the area would move from 2.5 residential units per hectare (nearly
Modular Housing Development to Straddle Canadian River Read More
Noted Seattle architectural firm CollinsWoerman, which MHProNews last covered April 22, 2011 as it developed plans for a multifamily modular unit in Seattle, has teamed up with Intellectual Ventures to strengthen its intellectual property regarding component parts of its modular system. The joint venture, called Innovative Building Technologies, LLC (IBT)
CollinsWoerman Readies Patented Modular Housing Components for Market Read More
Sam Zell, Chairman of real estate giant Equity International, and Equity LifeStyles, which owns/has an interest in 380 manufactured housing and recreational vehicle communities in North America, noting corporations that have missed their expected goals were low on the revenue side, which means the demand is not there for their
Zell, Soros, Druckenmiller and Icahn Agree: A Big Board Correction is Imminent Read More
In the continuing saga between developer Forest City Ratner and builder Skanska regarding the battle over construction of the largest modular apartment building in the world, as MHProNews posted here last Sept. 2, 2014, both parties have filed suit against the other. In its complaint, Skanska alleges “serious commercial and
Forest City and Skanska Cross-File Lawsuits over Massive Modular Housing Project Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the “Duty to Serve Underserved Markets” as it applies to manufactured housing, according to the Housing and Economic Recovery Act of 2008 (HERA), will be “revisited” under Melvin Watt, the new head of the Federal Housing Finance Agency (FHFA).
FHFA under Melvin Watt Taking New Approach to MH Read More
