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.
The Manufactured Housing Institute (MHI) reports the Department of Energy (DOE) has selected 20 voting representatives to serve on the committee to develop new energy efficiency standards for manufactured housing. The members include people from the industry, energy efficiency advocates, state energy officials, utilities and consumer representatives. In addition to …
Members Chosen for MH Energy Efficiency Standards Committee Read More
With assistance through Yuma, Arizona’s housing rehabilitation program using Community Development Block Grant (CDBG) money, and a grant from the Arizona Department of Housing, as a low-income, single mother, Sylvia Lopez qualified for a new manufactured home to replace her 1971 model that became inhabitable, according to yumasun.com. She is …
Arizona Grant Provides Family with New Manufactured Home Read More
With single-family home and condo prices rising in the San Francisco Bay area, along with rents, Marin real estate agent Laura Watts calls manufactured homes (MH) “the new condos,”according to marinij.com. For the first six months of this year compared to 2013 the median price of a manufactured home has …
A 1,512 square-foot manufactured home (MH) set for delivery to a dealer in Chico, California will mark a milestone for Golden West Homes of Albany, Oregon as it celebrates production of its 35,000th home. A plaque will be unveiled in honor of the event at a company cookout July 17 …
The three major indexes made modest gains for the last trading day of the week, although the S&P registered its worst week in three months, as it gained +2.89 points, +0.15 percent, to end the week at 1,967.57, as CNNMoney tells MHProNews. Meanwhile the Dow Jones Industrial Average edged up …
Affiliated Managers Group Nudges Up, UMH Properties Slips Down Read More
MHProNews.com has learned from wsj.com that real estate investment trust (REIT) Sun Communities, Inc. has set its earnings release and conference call dates for the second quarter, 2014. The results will be announced before the market opens Thurs., July 24 with a conference to follow later that day at 11:00 …
Writing in bankstocks.com, Thomas Brown says the Consumer Financial Protection Bureau (CFPB) did not follow its own rules in seeking approval for its new headquarters, the tab for which has risen from the original $95 million to an estimated $215 million. The Federal Reserve’s inspector general’s report concludes no evidence …
Two-thirds of the $60 million annual earnings for Anchorage Alaska-based modular construction company Builders Choice Inc. (BCI) come directly from the burgeoning oil and gas industry, according to alaskajournal.com. Revenues have multiplied six-fold since Sandi and Mark Larson bought the business in 2001. Working out of a 50,000 square foot …
Through a community enhancement program, Parkbridge Lifestyle Communities has been able to update existing manufactured homes (MH) and replace old homes with new ones in Crestway Bays in Surrey, British Columbia, Canada, just outside Vancouver. Lachlan MacLean of Parkbridge, noting the 1970’s build era of many manufactured home communities (MHC) …
Parkbridge Replaces/Rebuilds old Manufactured Homes Read More
Residents of Lacombe, Louisiana, across Lake Pontchartrain from New Orleans, filled the St. Tammany Parish Council chamber protesting a zoning change that would allow manufactured housing on a 3.5 acre tract in their neighborhood. The opponents attorney argued there are already manufactured homes (MH) in the Oak Lawn East subdivision, …
Parish Council Votes to Allow Siting of Manufactured Homes Read More
Poor economic news from Europe, especially Portugal, sent the Dow Jones Industrial Average down 180 points in today’s trading, but it rebounded somewhat, cutting the loss to just -70.54 points, -0.42 percent, as it closed at 16,915.07. The Nasdaq slipped -22.83 points, -0.52 percent, to close at 4,396.20, while the …
UFPI Falls 3.51 Percent, ELS Nudges Up Slightly; Dow, Nasdaq, S&P all Slip Read More
From currentargus.com MHProNews has learned the oil and gas boom has hit Carlsbad, New Mexico, and with every apartment and motel room in town filled, people are sleeping on floors and living in backyard tents. In October 2013 the city approved temporary housing ordinances, and since then 100 travel trailer …
New Mexico City Approving Temporary Housing Permits Read More
A new TV series called Tiny House Nation on channel fyi,tv. (part of A&E Networks) premiered July 9, touting the benefits of homes under 500 square feet. From a caboose car turned into a home in Montana, to a micro-apartment in New York City, the hosts travel cross country searching …
Although the tornadoes that hit the Platteville, Wisconsin area June 16, 2014 were not damaging enough to prompt a federal disaster declaration, which would bring in the Federal Emergency Management Agency (FEMA), the damage from those tornadoes, the June 29 tornado and damaging winds June 29-30 are sufficient to qualify …
Organization will Fund Repair of Manufactured Homes Read More
The National Low Income Housing Coalition suggests modifying the 100+ year-old mortgage interest deduction (MID), and instead of eliminating it, cut the maximum mortgage amount that can have interest deducted from it from $1 million to $500,000 and use the savings to support affordable housing, especially for the homeless. Rep. …
End Homelessness by Modifying the Mortgage Interest Deduction? Read More
After dropping over 100 points in yesterday’s trading, investors hit the buy button and the Dow Jones Industrial Average regained +78.99 points, +0.47 percent, to end the day just shy of the 17,000 mark, at 16,985.61, while the Nasdaq moved up +27.57 points, +0.63 percent, to close at 4,419.03. The …
Skyline Rises, Nobility Falls; Dow, Nasdaq, S&P all Nudge up Read More
The race for Delaware’s House of Representatives District 37 is pitting incumbent Republican Ruth Briggs King against manufactured housing community (MHC) resident and Democratic challenger Paulette Rappa in the Nov. election. King was first elected to the House in 2009, served on several legislative committees and is the Executive Director …
Manufactured Home Communities at Issue in Delaware Election Read More
Following a story MHProNews posted Feb. 28, 2014 about the closing of Spruces Mobile Home Park in Williamstown, Massachusetts due to persistent flooding, a Federal Emergency Management Agency (FEMA) grant that triggered the closing will help provide the building of replacement housing with eight of the 14 households tagged for …
Manufactured Housing Community Closing Spurs Affordable Housing Project Read More
Once the Federal Reserve began tapering its purchase of Treasury bonds last December, analysts expected mortgage rates to begin rising, but as CNNMoney reports, they have fallen to 4.12 percent for a 30-year fixed-rate loan this week, the lowest since Oct. of 2013. The rate on 15-year loans remained unchanged …
The Greater Las Vegas Association of Realtors (GLVAR) reports 34.7 percent of all existing local homes sold in June were purchased with cash, a drop from 40.2 percent in May, and a considerable decline from the Feb. 2013 peak of 59.5 percent. It has not been that low since July …
