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.
In the name of transparency, beginning in May, Louisiana House Bill 909 requires companies that provide homeowners insurance, including manufactured homes, to publish information on premiums, incurred losses and how the insurance company arrived at its rate. MHProNews has learned from dailycomet.com the information, which will be available on the …
Homeowners Insurance Transparency Includes Manufactured Homes Read More
According to worldpropertychannel.com, the National Association of Realtors’ (NAR) Pending Home Sales Index increased from 97.9 in April to 103.9 in May, the largest rise since April 2010 (9.6 percent) when first-time homebuyers beat the deadline to take advantage of the popular tax credit then available, as the government was …
Pending Home Sales Rise in May, but Lagging Behind Last Year Read More
After being voted the best place to buy manufactured and modular housing in the Best of Maury County (Tennessee) reader’s poll, Keith Baker Homes is closing its doors after 38 years in business. “We were voted the best in Maury for many years for which I want to express our …
Tennessee HUD and Mod Dealer Closing after nearly Four Decades Read More
While the three major indexes closed mixed on the last day of trading for June, the S&P 500 gained six percent for the first six months of the year, the Nasdaq is up 5.5 percent and the Dow Jones Industrial Average gained 1.5 percent for the first half. On the …
Patrick Industries Gains over 8.5 percent after Two Straight Trading Days Read More
MHProNews has learned from moosejawtimes.sk.ca in Saskatchewan, Canada, Sunflower Manor in Moose Jaw had its official grand opening June 23, the first multifamily modular housing unit in town. The nine modules, comprising six apartment units, were built in Winnipeg, Manitoba, Canada by Winkler Construction and then stacked to form the …
Lippert Components, Inc. (LCI) a wholly-owned subsidiary of Drew Industries, Inc. of Elkhart, Indiana announces its exclusive agreement with Shanghai Lixin Trading Co. Ltd. for the distribution of LCI products to the growing Chinese caravan, recreational vehicle and utility trailer markets. Shanghai Lixin recently created a special division to deal …
U. S. House of Representatives Speaker John Boehner (R-OH) plans to introduce legislation that will allow the House to sue President Obama for unconstitutional overreach, according to nytimes.com. Allowing the House to sue through the House general counsel, the bill is in response to the president’s executive actions, including preventing …
House to Sue President Obama, as Supreme Court Denies Birth Control Provision of ACA Read More
According to fresnobee.com, except for people living in remote rural areas, California has the highest rental and owned housing costs, relative to income, as Harvard University’s Joint Center for Housing Studies reveals. The Los Angeles area tops the chart in this category, while San Diego ranks number five, San Bernardino-Riverside …
A questioner writes to “Anne” of the democratandchronicle.com in Rochester, New York, saying when she and her husband sold their manufactured home in a community and asked the community manager for the return of their security deposit, he replied they had to produce all three years of receipts because they …
While minorities are expected to comprise almost half of the first-time homebuying market within the next ten years, mortgage lending to minorities has fallen 25 percent more than for whites since the mortgage bust. According to the Joint Center for Housing Studies at Harvard University, during the decade from 2004 …
A major player in the manufactured housing industry in Elkhart County, Indiana since 1964 passed away June 25. Jack Tuff, founder of Tops Mobile Home Centers and several manufactured housing communities, and an early supporter of what became the RV/MH Hall of Fame, began his MH career in Fort Knox, …
While the tech-heavy Nasdaq finished the day’s trading at a 14-year high, the Dow Jones Industrial Average and the S&P 500 did finish with modest gains to end the week. The Nasdaq advanced +0.43 percent, +18.88 points to end the day at 4,397.93, while CNNMoney informs MHProNews the Dow nudged …
Patrick Tops Gainers in Tracked Housing Stocks; Nasdaq Ramps up Read More
Since 1973 Washington County (Ohio) Career Center’s (WCCC) carpentry program has built 46 modular homes, giving students the best real world experience, and since 2002 has built them to auction off to recoup expenses and help sustain the program for the following year. However, this year the three-bedroom, three-bath home, …
RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price …
Patrick Acquires Aluminum Products Producer Foremost Fabricators Read More
While many analysts and pundits predicted first quarter 2014 growth at 2.6 percent, in fact the economy shrank 2.9 percent, more than the minus one percent initially reported at the end of May. The only times gross domestic product (GDP) has fallen more than 1.5 percent has been just before …
Is Housing Dragging on the Economy, or is the Opposite True? Read More
One of the biggest obstacles to housing growth, according to the Joint Center for Housing Studies of Harvard University, is that millennials are continuing to live with their parents in record numbers, according to housingwire.com. Approximately 2.1 million more adults in their 20s and 300,000 more in their 30’s lived …
Updating a story we first published May 22, 2013 regarding proposed modular disaster relief housing by Garrison Architects, a five module prototype has been installed in Brooklyn. Over the next couple of years, different people will live in the units for five days at a time to determine their functionality, …
Disaster Relief Housing Prototype Sited in Brooklyn Read More
Facing an energetic and aggressive challenger who took advantage of the anti-Washington, DC mood, Mississippi Republican Senator Thad Cochran, stunned by the June 3 primary that denied him an electoral majority, beat back TEA Party challenger Chris McDaniel by less than two percentage points, 6,400 votes in the Republican primary, …
MSMHA Director Jennifer Hall Hails Senator Thad Cochran’s Election Win Read More
The Dow Jones Industrial Average got spooked early in today’s trading by worries about interest rates, dropping quickly to 16,750, then managing to close almost 100 points higher at 16,846.13, although still losing -21.38 points, -0.13 percent, as CNNMoney tells MHProNews. The Nasdaq slipped -0.71 points, -0.02 percent, to end …
Liberty Homes Stock Skyrockets; Dow, Nasdaq, S&P Slip Read More
The Harvard University’s Joint Center for Housing Studies reports half of the households in the Los Angeles metropolitan area spend 30 percent of their income on rent or mortgage payments, making it the highest rate of 381 U. S. metro areas; and 25 percent spend half of their income on …
