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.
Although construction spending grew insignificantly in May—a mere 0.1 percent—and private residential spending fell 1.5 percent for the same month, following an increase of 0.5 percent the previous month, analysts speculate that residential construction will rebound in the coming months, making the overall market for homes more competitive, according to …
The RV/MH Hall of Fame Selection Committee announces it is accepting nominations for the Class of 2015. “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.,” says Darryl Searer, president of the Hall of Fame. …
Tech stocks rallied downward with Twitter leading the charge, losing over seven percent in today’s trading, as the Nasdaq fell -1.35 percent, -60.07 points, to close at 4,391.46, while the Dow Jones Industrial Average dropped -117.59 points, -0.69 percent, to end the day under 17,000 at 16,906.62. CNNMoney tells MHProNews …
ELS Edges Up; Nasdaq Leads Downward Charge in Today’s Trading Read More
MHProNews has learned from insurancejournal.com Charleston, South Carolina-based insurer Johnson & Johnson has named Cathy Parmley vice president of operations in charge of the company’s internal work flows and allocation of resources for commercial and personal lines. With 20 years of experience at the company, she mostly recently served as …
Following a story MHProNews last posted June 27, 2014 regarding the Millennial generation living with their parents, Harvard University’s Joint Center for Housing Studies reports the decline in homeownership rates among 25-34 year-olds fell nearly eight percent from 2004-2013. Similarly, among 35-45 year-olds the rate fell nine percent. Real median …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financial results for Q2 2014 on Wed., Aug. 6, 2014 after the close of the market. A conference call discussion of the results will follow on Thurs., Aug. 7, 2014 at 10:00 AM, according to wsj.com. Killam is …
The Virginia Manufactured and Modular Housing Association (VAMMHA) tells MHProNews a new law that took effect July 1 alters the process for converting manufactured homes (MH) to real property, and also allows homes to be retitled once they have been severed from real property. Conversion requires surrendering the title to …
Virginia has New Laws Re: Converting MH to Real Property Read More
With a previous focus on permanent and re-locatable modular buildings for military, governmental, commercial and administration applications, ICON Construction of McKinney, Texas is moving into the arena of modular dormitories for student housing. According to multihousingnews.com, modular construction allows for flexible floor plans, relocation from one campus to another and …
Christine Romans of CNNMoney reports almost half of residential real estate deals in the first quarter of 2014 were “swaggering cash buyers, investors from overseas, private equity funds, wealthy individuals,” who comprised a record high 42.7 percent of the purchases. First-time homebuyers were not a significant part of the housing …
Home Cash Buyers Big in Q1; Housing Market a “Crapshoot” Read More
The Dow Jones Industrial Average managed to stay above the 17,000 mark, as it nudged down -44.05 points in today’s trading,-0.26 percent, to end at 17,024.21. As CNNMoney informs MHProNews, the Nasdaq slipped -34.40 points, -0.77 percent, to close at 4,451.53, while the S&P edged down -7.79 points, -0.39 percent, …
Jeff Luchetti Construction began JL Modular nine years ago and is now taking it to a higher level with a 45,000 square foot factory on tap to open this fall in Windsor, California to meet growing demand for modular facilities, especially schools that need more classroom space, according to northbaybusinssjournal.com. …
Modular Construction Facilities Expanding in California Read More
Volunteers in Clinton Township, Michigan, just north of Detroit constructed a ramp to the manufactured home of Christian Falk so her 39 year-old amputee/stroke victim son could exit the home in his wheelchair, as told to MHProNews by macombdaily.com. Clinton Township Fire Chief John Shea, who initiated the project after …
Wheelchair Ramp Built for Manufactured Home by Volunteers Read More
In February, 2014 after occupancy at the 55+ Capital Estates manufactured housing community (MHC) in Sacramento, California dropped to 70 percent, the owners decided to convert the community into an all-age MHC, much to the dismay of current residents, as sacbee.com informs MHProNews. Community owners can legally drop the the …
Sacramento Senior MHC Converting to All Age Community Read More
According to digitaljournal.com, Clayton Home Center Consultant Doug “Sarge” Linebaugh assisted a fellow disabled veteran, Luis Alvarez, in purchasing a manufactured home. “Right away, I hit it off with Luis and Maria,” Linebaugh said. “We were able to connect on a personal level, since I am also a disabled veteran.” …
Manufactured Home Focal Point for Disabled Veterans Read More
According to nasdaq.com, with a Relative Strength Index (RSI) of 70.36, UMH Properties, Inc. is now in overbought territory. The RSI is a gauge used by technically-focused investors, where any number above 70 indicates an asset has been overbought. It compares the average of gains in days that closed up …
The National Association of Home Builders (NAHB) announces Steve Bomberger has been elected chairman of the NAHB 50+ Housing Council, succeeding Robert Karen, for a one-year term. President of Benchmark Builders, Inc. of Wilmington, Delaware, he has been awarded the Builder of the Year by the Home Builder Association/Delaware (HBA/DE) …
John Adams was the second U.S. President, and writing to his wife Abigail about the Fourth (4th) of July, said: “I believe that it will be celebrated by succeeding generations as the great anniversary festival.” “It ought to be celebrated by pomp and parade, with shows, games, sports, guns, bells, …
Touting the benefits of senior living manufactured home communities (MHCs), deseretnews.com reports manufactured homes, at $40,000-$45,000, are available to fit a retiree’s budget and offer style, function and space as well as tax-deductible interest on mortgage or lease payments, much like a site-built home. Most communities have recreational activities and …
Retirement Manufactured Home Communities Gaining in Popularity Read More
The U. S. stock markets are closed today in honor of the Fourth of July holiday. Happy Birthday America! (Image credit: wikipedia.org)
An article written by Allan Wallis about manufactured housing in 1984 continues to be relevant today, although the definitions in Drawn Quarters do not always resonate with governmental and regulatory agencies. He cites the four distinct periods of the industry, and their proper names: 1928-1940 travel trailer 1941-1954 house trailer …
