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.
Commercial real estate company CBRE reports multifamily demand in the U S. continued to gain momentum in Q2 2014 as the job market improved and more households are shifting to renting instead of buying. Net absorption grew by an annual rate of 276,200 units, or 1.9%, on a year-over-year basis, […]
Demand for Multifamily Units Continues to Expand Read More
Stocks were mixed in today’s trading as the Dow Jones Industrial Average edged up +0.35 percent, +59.54 points, to close at 16,979.13, as the Nasdaq was mostly flat, losing -0.02 percent, -1.03 points to end at 4,526.48. The S&P 500 nudged up +4.91 points, +0.25 percent, to close at 1,986.51,
Third Avenue Gains the Most, Patrick Slides Among Tracked Stocks Read More
Equity LifeStyle Properties (ELS)/Equity Residential Chairman Sam Zell is seeking to raise $600 million for investments in emerging markets in India, China and Latin America, and may be competing with his former partner at Equity Residential, Gary Garrabrant, who left Equity suddenly in 2012, according to therealdeal.com. Garrabrant, who founded
Sam Zell: Going Head-to-Head with Former Partner? Read More
According to the Manufactured Housing Institute (MHI), the National Modular Housing Council (NMHC) reports 3,543 new modular homes were shipped in the second quarter of 2014, a drop of 7.7 percent from the same quarter in 2013. As MHProNews has learned, compared to the same quarter of 2013, results for
Modular Shipments Fall in Q2 2014 Read More
The tiny home movement stretches from do-it-yourself models to made-to-order units to converted shipping containers and old cable cars from San Francisco. Pictured is a railroad car in Montana with a studded leather couch and chair and wood-grain floor and ceiling, offset by modern stainless-steel appliances. Compared to the cost
Very Small Homes Catching Public Eye Read More
The facility that was headquarters for modular home builder Pittsville Homes for 40 years in Pittsville, Wisconsin has been sold to Hay Creek Pallet Co., which was renting part of the building as the modular home business declined and the owner, Jim Hoogesteger, decided to retire, according to wisconsinrapidstribune.com. In
Former Modular Home Plant now Makes Pallets Read More
According to RealtyTrac, all-cash deals comprised 38 percent of all home sales in the second quarter of 2014, a drop from 42 percent in Q1 2014, as institutional buyers—those buying at least ten homes annually—are finding good deals drying up. They accounted for 4.7 percent of all home sales, a
All-cash Home Sales Fall Nationally, Save Several Metros Read More
Spurred by strong single-family and multifamily growth, housing starts for July rose 15.7 percent to a seasonally-adjusted annual rate (SAAR) of 1.093 million units, the highest rate since Nov. 2013, as reported by the U. S. Department of Housing and Urban Development (HUD) and the U. S. Census Bureau. According
Single and Multifamily Housing Starts Rise in July Read More
Despite recent cautions that the stock market is due for “a correction,” the three major indexes all traded higher on the day, each gaining up to one half of one percent, adding a positive twist to yesterday’s gains, according to what CNNMoney tells MHProNews. The Dow Jones Industrial Average gained
Skyline Reverses Recent Losses, Regains Five Percent Read More
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions increased two percent from June to July, but dropped 16 percent from a year ago, reports worldpropertychannel.com. “July was the 46th consecutive month where U.S. foreclosure activity was down on a year-over-year basis,” said Daren Blomquist, vice president at
Foreclosure Filings Edge Up in July Read More
Riverlake Partners LLC, a private-equity fund that focuses on growth investments typically with companies in the $20 million to $70 million value range, has made a majority equity investment in Guerdon Enterprises LLC, a producer of large, multi-unit modular commercial and residential buildings. Based in Boise, Idaho, Guerdon serves the
Riverlake Infuses Modular Builder with Cash Read More
According to housingwire.com, an article in the New York Post reports the National Association of Realtors (NAR) has asked the Federal Trade Commission (FTC) to block the $3.5 billion takeover of Trulia by Zillow due to anti-competition concerns. Although the two companies will remain separate entities, their combined 86.4 million
Zillow Takeover of Trulia Contested Read More
A five-partner company in Missoula, Montana is converting used steel shipping containers into 192 square foot modular homes complete with bath, kitchen and all appliances including a washer/dryer, and aims to complete the conversion for each home in 30 days, according to missoulian.com. The principals in Montainer have engineering, construction
Modular Container Homes: Order Online, Delivery Truck Arrives Read More
Following a story MHProNews last posted Aug. 8, 2012, regarding the sale of public property to a modular home builder, New Jersey’s Local Finance Board approved the sale of portions of Bridgeton’s Municipal Port Authority, including an 83,000 square-foot warehouse, to Renewable Jersey LLC. As thedailyjournal.com reports, the warehouse needs
New Jersey on Track for Modular Home-building Facility Read More
A builder of HUD Code manufactured homes contacted MHProNews Monday morning with comments regarding concerns that arose from a conference call with producers, HUD’s third party inspectors and others they said took place last Wednesday, August 13th at 2 PM ET. The caller urged that we contact other independent producers,
The three major indexes all traded up on the Big Board today, as CNNMoney informs MHProNews. The Dow Jones Industrial Average gained 175.83 points, +1.06 percent, to close at 16,838.74. The Nasdaq advanced +0.97 percent, +43.38 points, to end at 4,508.31, while the S&P 500 rose +16.67 points, +0.85 percent,
Deer Valley Shoots Up Almost 20%; Dow Gains 175 Points Read More
Bringing the index to its highest number since January, builder confidence for newly-built single-family homes rose two points to 55, according to the survey by the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), the third consecutive monthly gain. The HMI measures builder perceptions of current single-family
Builder Confidence Rises Modestly Read More
The Rochester Hills (Michigan) Planning Commission has been asked to rezone just under 80 acres for a 500 homesite manufactured housing community, according to theoaklandpress.com. Six Star Investments of Bloomfield Hills MI and DNL Property Holding of Novi, MI have filed documents for the proposal that will be presented at
New Manufactured Housing Community Proposed in Michigan Read More
Manufactured home component supplier Drew Industries, Inc. (DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI) has acquired Duncan Systems, Inc., also of Elkhart, Indiana, and a supplier of aftermarket truck and recreational vehicle (RV) glass windows and awnings for $18 million. Duncan’s estimated sales as of July 2014
Lippert Acquires Aftermarket RV and Truck Component Supplier Read More
Certainly reports from MHI or MHARR carried here on MHProNews bring you news and information about the CFPB as well as HUD’s manufactured housing program. But nothing is quite like the insights from someone who has recently worked in both offices. That is the true “inside perspective” brought found in
Inside the CFPB and the HUD Code Manufactured Housing Program Read More
