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.
From more than 600 pages of tables published by the Census Bureau/Department of Housing and Urban Development (HUD) concerning home building in 2013, nationalmortgagenews.com has determined of the 569,000 new homes built last year, only 429,000 were sold, although the remainder likely sold in Q1 of 2014. However, the total …
A full moon and Friday the 13th did not put a hex on the Big Board as the Dow Jones Industrial Average gained modestly, +41.49 points, +0.25 percent, to end the week at 16,775.74. CNNMoney tells MHProNews the Nasdaq moved up +13.02 points, +0.30 percent, to end at 4,310.65, while …
Nobility Homes Spikes on Earnings Report; Dow, Nasdaq, S&P Gain Modestly Read More
For the second quarter ending May 3, 2014, Nobility Homes (NOBH) reports sales increased 94 percent over the same period last year, $7,416,086 versus $3,813,619 Q2 2013. Net income after taxes was $284,900, compared to a loss of $47,021 last year. According to marketwatch.com, diluted earnings per share rose from …
Although some 10,000 Baby Boomers reach retirement every day, leaving the workforce (between 2006 and 2012 the number of working boomers fell by nine percent) and child rearing days behind, Patrick Simmons, with Fannie Mae, says contrary to popular belief they are not downsizing and moving to multifamily residences. He …
Seattle, San Francisco, San Jose, Los Angeles, and San Antonio are the top five housing sellers markets, according to Zillow.com. These cities have the shortest selling time and sold prices are often at or above asking prices. Chicago, Cleveland, Pittsburgh, Tampa and Philadelphia are the best for buyers because they …
Housing Sellers’ Markets? Go West. Buyers Markets? Eastern U. S. Read More
The owner of Wyoming Homes in Moosic, Pennsylvania has been charged with theft for allegedly receiving down payments for modular homes and neither delivering the goods nor returning the money. According to citizensvoice.com, David Valenti has been charged by Luzerne County detectives in their criminal complaint with two counts of …
As oil prices rise due to conflict in the Middle East, stocks fall—a pattern that is not new. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -109.69 points, the second consecutive day of loss over 100 points, -0.65 percent, to end the day at 16,734.19. Meanwhile, the Nasdaq fell …
ELS Nudges Up, UFPI Slips; Dow Loses 100 Points again Read More
Having built modular housing since 1947, Atco Structures and Logistics is upping the ante for its workforce housing as companies battle for skilled labor in an increasingly competitive market, according to calgarysun.com. With new models featuring large bedrooms with double beds, full showers, sound-dampening walls and walk-in closets, Jason Kialeu …
The manager of nine manufactured housing communities (MHCs) across Michigan, HomeFirst™ is giving away a manufactured home to a returning military veteran or family. The essay-based contest winner will receive a new residence in either Riverbrook (New Haven) or Springrove (Springfield Township), according to ourmidland.com, and will only be responsible …
Free Manufactured Home offered to Military Veterans Read More
Updating a story MHProNews last published June 9, 2014 about an affordable modular housing initiative in Bluffton, South Carolina, wsavtv.com reports the city tripled the amount budgeted to $150,000 to conduct home-owning classes and money-saving tips of homeownership, and waive some of the permit fees. Applicants for the 22 modular …
As part of Gov. Duval Patrick’s 2012 plan to increase affordable family housing throughout Massachusetts, MHProNews.com has learned from wggb.com that Neighborhood Housing Services of Springfield, in western Massachusetts, has received $450,000 to construct six affordable modular housing units for families and seniors with modest incomes. The Department of Housing …
The city council of Weyburn, Saskatchewan, Canada is asking for public input on a proposal to replace four homes with a modular apartment complex containing 60 units in the downtown area. Council gave first reading on a bylaw amendment to change the zoning from R2 residential semi-detached to CBD-C, which …
Sixty Unit Modular Apartments Planned for Canadian City Read More
In a wide-ranging interview on Fox Business Network’s Opening Bell with Maria Bartiromo, Chairman of Equity LifeStyle International, Sam Zell, says he may not be young enough to see the final tapering of the Federal Reserve’s stimulus, despite most observers saying it will end in October, as housingwire.com tells MHProNews. …
Investors moved away from the Big Board in trading today, perhaps motivated by the World Bank lowering its Global Economic Outlook estimate for 2014 from the 5.3 percent it predicted in January to 4.8 percent today. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -102.04 points, -0.60 percent to …
Skyline Drops, UFPI Falls; Dow Loses over 100 Points Read More
After a long and storied career in the manufactured housing industry spanning 45 years, 29 of them with what is now American Homestar Corp., MHProNews has learned Ronnie Richards is retiring, as he transitions into a family-owned business, Butler’s Courtyard, a popular event venue in Houston. Ronnie joined Homestar (then …
Ronnie Richards Retiring from Manufactured Housing Industry Read More
The 2014 Summer Meeting for the Manufactured Housing Institute (MHI) concluded yesterday with Tim Williams, CEO of 21st Mortgage, was elected as Vice-Chair of the industry’s largest national trade association. Williams, a respected industry icon, was unopposed. 97 industry leaders, plus MHI staff, friends and family attended the June 8-10 event …
97 industry leaders – plus staff, friends and family – came to the Alexander Hotel in Indianapolis, IN June 8-10 for the 2014 Manufactured Housing Institute (MHI) Summer Meeting. The new manufactured home program director at HUD, Pam Danner, was featured on the final day, in addition to her participating …
Updating a story MHProNews first posted May 22, 2013 regarding a planned disaster housing project in New York City, myfoxny.com reports the first stackable, modular prototype has been sited in Brooklyn. Intended to keep disaster victims in their neighborhood, the basic 480 square-foot unit has a combined living room and …
Modular Emergency Housing Prototype Sited in Brooklyn Read More
MHProNews.com has been informed that private equity real estate investment firm Green Courte Partners, LLC has acquired Mountain View Estates, a 170-homesite age-restricted manufactured housing community (MHC) in Mesa, Arizona. Green Courte’s William Glascott says, “With this acquisition, our portfolio of age-restricted land-lease communities within the greater Phoenix market includes …
Green Courte Acquires Land Lease Community in Arizona Read More
A new ordinance unanimously passed by the Hamlet (North Carolina) City Council allows any factory-built home to be sited within the city limits providing it is set on a concrete foundation and “the tongue, axles, transporting, lights and removable towing apparatus shall be removed subsequent to final placement.” The previous …
New Ordinance Allows Placement of Pre-HUD Code Homes Read More
