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.
Residents of Los Angeles use a larger portion of their paycheck for housing than people in San Francisco, New York or Miami. “They’re bottom earners living in a high-priced housing market,” said Dowell Myers, a policy, planning and demographics professor at the University of Southern California in Los Angeles. Lower-income […]
Los Angeles Singing the ‘Rising Housing Cost Blues’ Read More
The European Central Bank is providing a stimulus to the economy, similar to the Federal Reserve’s bond-buying program, that will give regional countries more financial ability to import goods. However, markets were rather flat in today’s trading on the U.S. Big Board, as the three major indexes slipped modestly. The
MH Composite Regains, Skyline Pains, LPX Gains Read More
Writing in centraljersey.com, Anne Waldron Neumann tells MHProNews the Tiny House movement is attractive because it is off the grid—solar panels, recycled building materials, composting toilets, propane tanks—and it offers an anti-consumerism while still being community/neighborhood-friendly. She even suggests they could create more population density in Princeton, New Jersey by
Tiny Homes Recommended for Princeton, New Jersey Read More
While the oil boom in the Bakken Formation area near Watford City, North Dakota has brought a lot of quick prosperity to many local residents, the character of the town is changing due to the growth of the 1,400 residents six years ago to 10,000 today. As The atlantic.com tells
Affordable Housing still Wanting in the Bakken Oilfields area of North Dakota Read More
Eighty percent of the outstanding common stock of manufactured home builder Deer Valley Corp. (DVLY) is being acquired by software developer Peerless Systems Corp. in a deal valued at $3.68 million, according to streetinsider.com. Based in Guin, Alabama, Deer Valley builds, distributes, finances and provides warranty and repair services for
Peerless Systems acquires Majority of Deer Valley Homebuilders Read More
Due to over-and under-crowding in the Wake County (North Carolina) Public School System, board members discussed changing the academic calendar from a ten month calendar to a multi-track calendar, or install 21 modular classrooms to relieve overcrowding in the elementary and middle schools. Capacity in the different schools range from
Modular Classrooms may Ease Overcrowding Read More
The five percent fall of the Euro against the dollar over the last three months, and the slide of prices for goods leaving European factories may ring an alarm bell for other Western countries because of the close ties of the world economies. In today’s trading on Wall Street the
MH Composite Drops again, Liberty Homes Plunges, Deer Valley Moves up Read More
Some of the vacant lots in manufactured housing communities (MHCs) could meet the needs of truck drivers for the Southern Minnesota Sugar Beet Cooperative and its members as the season’s work begins Friday, Sept. 5 in Renville County. Jill Bruns, public health director, told the Renville County Board of Commissioners
Manufactured Homes could Provide Housing for Seasonal Workers Read More
According to the Manufactured Housing Association for Regulatory Reform, the U. S. Department of Housing and Urban Development (HUD) statistics reveal that production of manufactured homes jumped 18.4 percent in July over July 2013, 5,675 HUD Code homes this year as compared to 4,793 produced in July 2013. On the
HUD Code Production Rises Nearly 20 Percent in July Read More
A new campus comprised of three modular homes on Martha’s Vineyard in Massachusetts will provide a retreat for up to 27 residents recovering from alcohol and drug addiction, as mvgazette.com tells MHProNews. The result of a $3 million capital campaign, two homes will be for men and one for women,
Modular Homes Designed for Addiction Recovery Read More
The Pending Home Sales Index (PHSI) rose 3.3 percent in July over June to 105.9, marking an increase in the National Association of Realtors (NAR) measuring stick for four of the last five months, with three of the four regions registering an increase. While still below July, 2013 (108.2), according
Pending Home Sales Rise in July Read More
A veteran of over 40 years in the manufactured and modular housing industry, and the owner of Prevatte’s Home Sales in Lumberton, North Carolina, for 25 years, Tonnie Prevatte received the Rollan Jones Member of the Year award as voted by the members of the North Carolina Manufactured and Modular
Prevatte Honored by NC Manufactured and Modular Housing Industry Read More
Following a story MHProNews last published July 2, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer assistance to ten qualified residents to purchase modular homes, the town is now considering expanding its Small Home Series program, since eleven people have inquired about the
Manufactured Homes may be Included in SC Affordable Housing Plan Read More
The Greene County Planning Board in North Carolina, after reconsidering the county’s manufactured home (MH) ordinance which restricts homes being brought into the county to no more than 15 years old, has removed the restriction and recommended the decision to the county commissioners. A North Carolina Court of Appeals ruled
North Carolina County Suggests Removing MH Age Restriction Read More
In today’s trading on Wall Street following the Labor Day holiday, the Dow and S&P slipped modestly, while the Nasdaq made a minor advance, and tracked stocks closed mixed. However, Skyline Corp. (SKY) dropped -9.17 percent to 3.17, a decline of -0.32 points in the largest fall of stocks we
Skyline Trades Down as Nasdaq Moves up Modestly; Dow and S&P Slip Read More
MHProNews has been informed by virtual-strategy.com an affiliate of Capital Square Realty Advisors, LLC has acquired three manufactured housing communities consisting of 1,141 home sites in Indiana and Ohio. The largest community is Timberbrook in Bristol, Indiana with 567 homesites set on 103 acres. Woodlake-Summerdale, located in Yoder, IN is
Capital Square Realty Acquires three MHCs Read More
Following a series of stories MHProNews posted regarding the development of the 32-story, modular housing project by Forest City Ratner and construction partner Skanska intended for Brooklyn’s Barclay Center, work has come to a halt in a bitter dispute over tens of millions of dollars in cost overruns. Skanska idled
Work Stops on Massive Modular Housing Project in Big Apple; Ratner, Skanska at Odds Read More
The Michigan Manufactured Housing Association (MMHA) reminds occupants of system-built homes that potentially damaging summer wind and rain storms are at their peak and residents should ensure that roofs are in good condition and rainwater is directed away from the foundations. While manufactured homes (MH) are built to strict federal
Michigan MH Residents Prepare for Summer Storms Read More
According to numbers released by the U. S. Department of Housing and Urban Development (HUD) and the U. S. Census Bureau, sales of newly-built single-family homes dropped 2.4 percent to a seasonally-adjusted annual rate of 412,000 units in July. Initially, according to the National Association of Home builders (NAHB), sales
New Home Sales Fall Second Consecutive Month Read More
The Lansing (Mich.) City Council has approved plans for developer Harry Hepler to build 200 modular apartments on the city’s northside, as lansingstatejournal.com informs MHProNews. Summit Street Development LLC has received a conditional use permit to build housing on the property that is zoned heavy industrial. Mr. Hepler says Metro
Modular Multifamily to Rise in Michigan Read More
