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.
A steel and glass-structured modular home with non-combustible fiber cement floor panels is designed to resist bushfires in the Australian outback, as well as to collect rainwater to use in the event of a fire. The modular Supashak is made to be transportable across Australia and adaptable to a variety […]
Australian Modular Home Built to Resist Bushfires Read More
Stocks were climbing in today’s trading, as the S&P 500 hit an all-time high at 1,992.37 and the Dow closed above 17,000 for the first time since July 24, as CNNMoney informs MHProNews. The Dow Jones Industrial Average gained +60.36 points, +0.36 percent, to end the day at 17,039.49, while
Skyline Advances; S&P 500 Hits New High Read More
Although existing home sales rose 2.4 percent from last month to a seasonally-adjusted annual rate of 5.15 million in July, the highest rate of 2014, they are down 4.3 percent from last year, according to housingwire.com. Last July’s 5.38 million unit level, the highest for 2013, includes single-family homes, condos,
Existing-home Sales Show Modest Gains Read More
Tiny houses may soon fill four micro communities to house the homeless and low-income residents in Portland, Oregon, according to oregonlive.com. The 192 square-foot products of TECHDWELL, which are made partly of recycled materials and cost around $12,000 to build, would be sited on public land in pods of 25
100 Tiny Homes Set for Portland, Oregon Read More
A new manufactured housing community (MHC) is being developed in Courtland Township in western Michigan on the site of a former MHC, and the 55 and older community may eventually include up to 700 two and three-bedroom homes. The Oaks of Rockford will begin with 150 homesites at $375 a
New 55 & Older MHC Opening in Michigan Read More
A post on mortgagegrapevine.com reports someone attempting to buy a manufactured home in a community in Southern California is seeking a lender. The borrower is asking for $269,500, has full documentation, a FICO score of 569, and the loan-to-value ratio is 70 percent. MHProNews offers excerpts from two of the
Prospective Manufactured Home Buyer Seeks Lender Read More
The IDEAS Investor Conference to be held Tue., Aug. 26 in Chicago will feature Encore Wire Corporation’s (NASDAQ:WIRE) Chief Financial Officer Frank J. Bilban presenting his company’s investment merits to an audience of investment professionals who combined have over $200 billion of assets under management. IDEAS Conferences, which are also
Manufactured Home Wire Supplier Presenting at Investor Conference Read More
John Quale, an expert in sustainable and affordable housing, who previously served as director of the graduate architecture program at the University of Virginia, has been appointed director of the architecture program in the University of New Mexico School of Architecture and Planning, according to unm.edu. His specialty is in
Professor Specializes in Affordable Housing, Moves to U. of New Mexico Read More
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
