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.
If a local businessman has his way, upscale Hilton Head, South Carolina will see a 14-home site manufactured housing community (MHC). Enrique Lopez has applied to the South Carolina Department of Health and Environmental Control for Coastal Zone Consistency Determination, and intends to sell lots for $70,000 each. Noting a […]
Tony Hilton Head SC may see an MHC Read More
Following up on a story MHProNews published July 31, 2014 regarding the acquisition by Sun Communities, Inc. of 59 manufactured home communities (MHC) comprising more than 19,000 homesites in eleven states from Green Courte Partners, LLC for $1.32 billion, we have learned from crainsdetroit.com that three of the properties are
Three of Sun’s new MHCs are in Michigan Read More
The Manufactured Housing Institute (MHI) reports that the Department of Housing and Urban Development (HUD) will increase label fees on new manufactured homes (MH) to $100 per label effective Sept. 12, 2014 to help cover the costs of administering the program. Manufacturers that have already purchased the $39 labels will
Manufactured Housing Label Fees to Rise Sept. 12 Read More
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey reports mortgage apps fell 2.7 percent on a seasonally adjusted basis for the week ending Aug. 8, 2014. The index fell three percent on an unadjusted basis, according to worldpropertychannel.com. The Refinance Index fell four percent from the previous week, while
Mortgage Apps Fall in Early August Read More
The three major indexes moved little in both directions to end the week as the ongoing crisis in Ukraine and the dog days of August muffle investors’ trading. The Dow Jones Industrial Average slid -50.67 points, -0.30 percent, to close at 16,662.91, as CNNMoney informs MHProNews. The Nasdaq, the only
Third Avenue Sole Gainer of Tracked Stocks; Only Major Index Nasdaq Gained Read More
According to walsalladvertiser.co.uk, Great Britain’s Housing Minster, Brandon Lewis MP visited the site of the first two modular, affordable homes of a planned series of 40 being constructed in Walsall, a town with 269,000 in the metro area just northwest of Birmingham. Designed and manufactured at the Accord Group’s LoCal
England Experiences One Day Modular Home Construction Read More
A recent Gallup Poll reports that people are grim about the state of the economy, with an economic confidence of -17, which is the difference between those saying it is getting better and those who say it’s getting worse. Although it has improved substantially since the -39 reading in Nov.
Economic Numbers Sizzle; Consumer Confidence Fizzles Read More
Representing the lowest share of cash home sales since May 2010, 34.4 percent of total home sales in May 2014 were with cash, a drop from April’s 36.9 percent of all cash, according to housingwire.com. CoreLogic’s report says, “The share has fallen on a year-over-year basis each month since January
Cash Home Sales continue to Decline Read More
Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a
Lippert Sponsoring Fund Raiser to Prevent Suicide Read More
The Manufactured Housing Institute’s (MHI’s) legislative report for August 12, 2014 says legislation in the California Senate Appropriations Committee would allow loans to be made from the Mobile Home Park Rehabilitation and Purchase Fund to a non-profit entity to purchase a manufactured home community as long as 30 percent or
State Loans to Acquire an MHC must Insure Health, Safety and Affordability Read More
Continuing to show no fear in the face of global turmoil and tensions, all three major indexes advanced steadily but modestly in today’s trading, as CNNMoney tells MHProNews. The Dow Jones Industrial Average moved up +61.28 points, +0.37 percent, to close at 16,713.58. The Nasdaq advanced +0.43 percent, +18.87 points,
Berkshire Hathaway Closes above 200,000 per share Read More
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), housing affordability nationwide slipped in the second quarter 2014 for families earning the the U. S. median income of $63,900. 62.6 percent of new and existing homes sold in Q2 were affordable, a slip from 65.5
Housing Affordability Slips in Second Quarter, 2014 Read More
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSE:KMP) announced on Aug. 13 shareholders of record as of Aug. 29, 2014 will be paid a dividend per share of $0.05, according to watchlistnews.com. While analysts at CIBC cut their target price back from $13.00 to $12.00 Aug. 8, they now have
Killam Paying Dividend Read More
The Texas Association of Realtors reports not only did Texas see a rising inventory of homes for sale, but home sales in Q2 of 2014 increased 46.67 percent over the first quarter to 81,272 across the state. The median home price rose 5.87 percent from Q2 2013 to $187,300 for
Modular Housing Targeted to West Texas Read More
Following a story MHProNews last posted Aug. 7, 2014 regarding the sentencing of Marina McCuen for her role in a scheme that defrauded the government of millions of dollars by selling manufactured and modular homes to consumers whose credit information was altered, a second defendant, Roger Dean Bailey, Jr. was
Second Defendant Sentenced in HUD Code/Mod Home Sales Scheme Read More
The Federal Reserve’s Vice-chairman, Stanley Fischer, says although the economy has added over 200,000 jobs monthly and the unemployment rate is lowering, the labor force participation rate has remained at 62.9 percent, which may indicate dejected workers who have stopped looking for work. This, combined with the soft U. S.
Fed Vice-chair Concerned Slow Economic Growth is Global Read More
According to brookline.wickedlocal.com, the modular classrooms at the Lawrence School should be completed by May or June of next year, in time for the 2015 school year, and will cost $3.11 million, as MHProNews has learned. The original idea was to bring in the modular units and add design elements
Modular Classrooms will be Ready for 2015 Read More
Investors continue to ignore global tensions in Iraq, Ukraine and the Middle East, and the Ebola outbreak in western Africa as the Dow Jones Industrial Average gained +91.26 points, +0.55 percent, to close at 16,651.80. The Nasdaq moved up +1.02 percent, +44.88 points, to end at 4,434.15, while the S&P
Deer Valley Corp. Regains Yesterday’s Losses; Dow, Nasdaq, S&P Advance Read More
Updating a story that MHProNews last posted Aug. 1, 2014 concerning resident allegations that management of Blackhawk Estates manufactured home community (MHC) in Des Plaines, Illinois was removing property belonging to the residents and levying fines for children playing in the street, a second meeting to discuss concerns is set
Residents of MHC to Hold Second Meeting Read More
According to rgj.com in Nevada, the Yerington City Council approved development of the Pony Express Village manufactured home community (MHC) with 23 homesites. MHProNews understands the project was first unveiled in October 2009 but was shelved because of the state of the economy. The city stipulates that no homes can
City Approves New Manufactured Home Community Read More
