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 the National Association of Realtors (NAR), the Pending Homes Sales Index (PHSI) slipped 1.0 percent in August to 104.7 from 105.8 in July, and is now below the August 2013 reading of 107.1. Regardless of the slight decline, as the worldpropertychannel.com reports,the index remains above 100 (an average […]
Pending Home Sales Slip a Percent Read More
During the Manufactured Housing Institute’s (MHI) 78th annual meeting, Darryl Searer, chairman and president of the RV/MH Hall of Fame and Barry Cole, president of MH Insurance Services and past chairman of the Hall, urged assistance from the attendees to help retire the Hall’s debt, which has resulted from prior
RV/MH Hall of Fame Kicks off New Fundraiser Challenge Read More
In response to Cavco Industries, Inc. attempt to acquire Skyline Corporation following Skyline’s announcement it will spin off its RV division to Evergreen Recreational Vehicles, LLC, as MHProNews reported Sept. 29, cnnmoney.com reports the company’s board of directors issued a statement: “Our Board has established a special committee tasked to
Skyline Responds to Cavco’s Letter Read More
The Dow Jones Industrial Average nudged down for the second straight day, although managing to keep its head above the 17,000 mark, -28.32 points, -0.17 percent, to close at 17,042.90. Both the Nasdaq and the S&P 500 fell -0.28 percent, the Nasdaq dropping -12.46 points, to end the day at
Skyline Continues Climbing, as Manufactured Housing Composite Drops Read More
According to syracuse.com, Onondaga County officials in New York are considering modular units to house a growing number of mentally ill inmates as they negotiate a multimillion dollar expansion of the Justice Center. With 35-40 percent of the inmate population having mental health problems, the 671-bed county jail has only
County Jail looking to Modular Incarceration Units Read More
In the 20 years from 1991 to 2011, the number of owner-occupied homes grew from 59.8 million to 76.1 million, a gain of 27 percent, while the number of renter-occupied homes rose from 33.4 million to 38.8 million, according to surveys conducted by the U. S. Department of Housing and
Homeownership has Grown Steadily; Rentals are now Surging Read More
Included in the 300 exhibitors at the Montreal Fall Home Expo in Montreal, Canada will be a variety of modular homes, including Maison Bonneville’s Intergenerational EVO3 home. A blend of contemporary and traditional styling, according to montrealgazette.com, the home has three bedrooms and a play area on the ground floor,
Modular Homes included in Montreal Home Show Read More
McGill Commercial of Beaverton, Oregon wants to build an age-restricted, 103-homesite manufactured housing community at the northern edge of Florence, OR, according to register-guard.com. On July 7, the city council voted unanimously to change the zoning from commercial to manufactured homes. McGill paid $450,000 for the 13.7-acre tract, and plans
Manufactured Housing Community Planned for Oregon Read More
Baltimore’s Episcopal Housing Corp. is planning a 12-unit modular efficiency apartment building for homeless individuals, according to bizjournals.com. Each of the 680 square foot structures would be divided in half to make two 340 square foot apartments at a cost of $1.2 million, or $100,000 each. Episcopal Housing is working
Baltimore Planning Modular Units for the Homeless Read More
Although the value of the dollar measured against other foreign currencies has reached its highest level in four years, in part because the U. S. economy is seen as improving, the three major indexes slipped modestly in today’s trading. The Dow Jones Industrial Average nudged down -41.93 points, -0.25 percent,
Chased Skyline Rises, Deer Valley Slides Read More
Charged with “illegally blocking borrowers’ attempts to save their homes,” the Consumer Financial Protection Bureau (CFPB) has fined Flagstar Bancorp $37.5 million for violating the agency’s mortgage servicing rules, reports housingwire.com. Flagstar allegedly took excessive time to process borrowers’ applications for foreclosure relief, denied loan modifications to qualified borrowers, and
Flagstar Charged with Violating Mortgage Servicing Rules Read More
The Oak Grove High School (OGHS) in the Lamar County School District in southeastern Mississippi has grown by 331 students since last year, the only district to see significant growth in a two-county area. While 18 additional classrooms are under construction, a modular unit with eight classrooms that was added
Need for Modular Classrooms Continues Read More
Frank LaCrosse and Jib Turner are building small, modular homes in Little Current, Ontario, Canada—inexpensive to heat, maintain and afford. The 600-1,000 square foot homes have safe spray foam between the lightweight steel studs, in advance of the drywall, and the outside is an exterior insulation and finishing system, called
Builders Betting on Small Modular Homes in Northern Ontario Read More
Following on the heels of Skyline Corporation’s tentative agreement to sell its recreational vehicle (RV) division to Evergreen Recreational Vehicles LLC, as MHProNews reported Sept. 26, Cavco Industries, Inc. announced that it has attempted for the past 30 days, through various channels, to open a dialogue with the Skyline board
Cavco Industries Attempting to Acquire Skyline Corp. Read More
Consumer confidence moved to a 14-month high, according to a Thomson Reuters/University of Michigan index. While economists in a Bloomberg survey projected 84.8 for Sept., the actual number came in at 84.6, a jump from 82.5 in August. According to rvbusiness.com, employment is growing at the strongest pace in 15
Latest Survey Indicates Consumer Sentiment is Rising Read More
Following news that Skyline Corp is offloading its RV division to Evergreen, as MHProNews reported, Skyline’s stock shot up 22.81 percent, +0.65, to end the week at $3.50, while the Dow Jones Industrial Average regained part of yesterday’s 264 point nosedive, moving up +167.35 points, +0.99 percent, to close at
Skyline Skyrockets Amid Spinning off its RV Division; Dow, Nasdaq and S&P all Rise Read More
Evergreen Recreational Vehicles of Middlebury, Indiana and Skyline Corp., (SKY) producer of manufactured and modular homes and recreational vehicles, have signed a letter of interest for Evergreen to acquire all the assets of Skyline’s RV division. According to insurancenewsnet.com, Kelly L. Rose, board chairman of Evergreen, says, “I am very
Evergreen RV to Acquire Skyline’s RV Division Read More
Harvard University’s Joint Center on Housing report on senior housing notes an American Association of Retired Persons (AARP) study focuses on four areas: hunger, isolation, housing and income. Of the four, housing is a linchpin for overall well-being. Many older adults sacrifice food, health care and transportation to maintain a
Adequate Senior Housing Lacking in many Communities Read More
According to housingwire.com, the latest CoreLogic report indicates 946,000 properties regained positive equity in the second quarter of 2014, increasing borrower equity year over year by an estimated $1 trillion. The number of homes that remain in negative equity has fallen from 7.2 million, or 14.9 percent of all homes
More Underwater Homes are Beginning to Float again Read More
This off-the-grid modular retreat in Victoria, Australia is equipped with solar panels, a septic tank and rainwater cachement to minimize environmental impact. Commissioned by a businessman who spends much of his time away, the 1,033 square-foot dwelling by modular builder Modscape is made to withstand extended periods of vacancy, requiring
Modular Dwelling is Self Sufficient in Australian Outback Read More
