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.
Federal Reserve Chief Janet Yellen, noting the economic recovery is not complete, says the Fed intends to keep interest rates low, but also warned investors biotech and social media stocks may be overvalued, unusual for the Fed to hone in on equity in a particular industry. Stocks fell sharply after […]
Fed’s Words Move Stocks Down, but Nobility Homes Moves Up Read More
According to what Benzinga.com tells MHProNews.com, of the ten worst performing industries for July 15, 2014, manufactured housing (MH) was number two, with a -2.13 percent loss by 11 AM eastern time. Toy and hobby stores were number one at -2.83 percent. Ranked third was drug-related products which came in
Bad Day for Manufactured Housing Read More
The Massachusetts Homestead Act protects homeowners from having their homes sold off to pay unsecured debts such as credit cards and lawsuits, providing they live in the home as their principal residence, according to thevalleydispatch.com. It does not apply to mortgage payments or taxes or liens on the property, but
Manufactured Homes Protected by State Law Read More
The Greens party in Australia wants woods from Southwest Australia used to make modular homes to address housing affordability issues in the country, according to abc.net.au. Greens Senator Scott Ludlam tells MHProNews, “We think there’s a good story here for manufacturing, for skills development, for better use of plantation timber
Political Party Advocates Modular Housing Read More
According to nyreg.com, the Largo Group of Companies of Rochester, New York has arranged $2.2 million in financing for a manufactured housing community (MHC) in Falconer, and an industrial building in Buffalo. Falconer Village Manufactured Housing Community has 53 homesites and is three miles from Jamestown, NY, as MHProNews has
Financing Arranged for Manufactured Housing Community Read More
Virginia Walton, who drove a truck in the U. S. Army during the 1970s, and her daughter, Veronica Cowelti, a former U. S. Navy hospital corpsman who served in the Persian Gulf War and became a nurse like her mother, received $5,000 worth of improvements to their manufactured home. According
Mother, Daughter get $5k Upgrade to Manufactured Home Read More
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is
Rainbow Rock Community in Florida Sold by M&M Read More
The Dow Jones Industrial Average crossed the line into 17k territory again today, but stopped short of a new record, as CNNMoney tells MHProNews, gaining +111.61 points, +0.66 percent, to end 17,055.42. The Nasdaq advanced +24.93 points, +0.56 percent to end at 4,440.42. The S&P nudged up +9.53 points, +0.48
Dow Gains over 100 Points; Tracked Housing Stocks Mostly Quiet Read More
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
Manufactured Homes are the New Condos in Marin Read More
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
Golden West Marks 35,000th Manufactured Home Read More
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
Sun Set to Release Second Quarter 2014 Financials Read More
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
CFPB did not Obtain Approval for Renovations Read More
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
Modular Commercial Building Lucrative in Alaska Read More
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
