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.
Trading on the first official day of summer turned out to be a yawn as two of the three major indexes moved only 0.01 percent, as CNNMoney tells MHProNews. The Dow Jones Industrial Average slipped -9.82 points, -0.06 percent, to close 16,937.26. The Nasdaq nudged up +0.64 points, +0.01 percent, […]
Nobility Falls 4.35 Percent; Nasdaq and S&P 500 Barely Move Read More
Clark County Sheriff Gene Kelly says the women’s jail in Springfield, Ohio was built to hold 12 women in 1983, but demand has grown 400 percent, now requiring housing for 50-60 a day, according to springfieldnewssun.com. Six modular cells were sited underneath the main building in 2002 during remodeling of
Modular Jail Cells House Women in Ohio Read More
Last fall Mississippi Valley State University (MVSU) rented rooms at two nearby motels to house 100 students, with the school running shuttles back and forth, feeding the students in the dining hall. According to what wapt.com informs MHProNews, on June 19 the College Board approved plans to lease modular units
University will Lease Modular Housing Units Read More
A survey by the MacArthur Foundation reveals the affects of the housing downturn on Americans along racial lines. From the get go, whites are more likely to own homes, and those homes are just as likely to be in neighborhoods where home values appreciate. Blacks and Latinos were more likely
Housing Market Tough on Minorities Read More
Radio station wbex.com in Chillicothe, Ohio reports Ross County Treasurer Jerry Byers says second half real estate tax statements for manufactured home (MH) owners should go out by the end of the month, with payment due by July 31. Although tax bills go out twice a year, according to Ohio
MH Taxpayers can Sign-up for Monthly Budget Plan Read More
In an article on MHProNews, Ross Kinzler, Executive Director of the Wisconsin Housing Alliance, noting in the three years immediately following implementation of the HUD Code in 1976, one million manufactured homes (MH) were produced. The next million took four to five years to produce, and more recently, twelve years
Kinzler: MH Production Status Quo is not Acceptable Read More
David Rockwell, an architect know for luxurious restaurants, hotels and theatres is teaming with Fred Carl of appliance company Viking Range to produce a line of luxury modular homes called C3 Design, Inc., according to fastcodesign.com. The first one, “Pinwheel,” is 2,400 square feet, four rectangular rooms arranged around a
Upscale Architect Designing Compact Luxury Modular Homes Read More
High school students enrolled in the trades program at Tri-County vocational technical are getting real world experience building a modular home that will then be available through the Franklin (Massachusetts) Affordable Housing Trust to help the town meet its need for affordable housing stock. According to milforddailynews.com, carpentry instructor John
Students Build Modular Home for City’s Affordable Housing Stock Read More
Continuing its upward march to end the week’s trading, the S&P 500, already up 6.2 percent on the year, hit another record high, gaining +0.17 percent, +3.39 points, to close at 1,962.87, while the Dow Jones Industrial Average, which has gained 2.2 percent for the year, edged up +25.62 points,
Dow and S&P 500 Mark New Highs; Patrick Rises over Three Percent Read More
Julian Castro, current mayor of San Antonio and President Barack Obama’s nominee to be the next secretary of the Dept. of Housing and Urban Development (HUD), was grilled during his Senate Banking Committee confirmation hearing about cities using eminent domain to condemn mortgages by Sen. Patrick Toomey (R-PA), according to
Nominee to Head HUD Testifies before Senate Banking Committee Read More
Commenting on the lack of affordable housing in Cornwall, Scott Mann, the Conservative parliamentary candidate for North Cornwall, says, “I like the idea of using modular housing as a quick solution to North Cornwall’s housing problems. We need truly affordable housing for hard working families on Cornish wages. We should
Modular Housing Proposed for Cornwall, England Read More
Single-and multifamily housing starts both fell in May as production dropped 6.5 percent to a seasonally annual adjusted rate (SAAR) of just above one million, according to figures from the Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts dropped 5.9 percent to a SAAR
Housing Starts for May Fall Read More
A non-profit organization dedicated to teaching life skills to young men and women utilizing current and former National Football League (NFL) members, is partnering with a New Jersey modular home builder to sponsor the ProPlayer Football Camp and Charity Flag Football Game at Toms River High School North June 26
Modular Builder Teaming with NFL Players to Guide New Jersey Youth Read More
Stocks initially dropped off sharply in midday and then rose back to flatline, although the S&P 500 inched up 2.50 points, + 0.13 percent, to set another new high at 1959.48, as CNNMoney informs MHProNews. The Dow Jones Industrial Average edged up +14.84 points, +0.09 percent, to end the day
Cavco Gains, Louisiana Pacific drops, S&P Sets New High Read More
The Bow River overflowed its banks in Siksika, Alaska last June, following a deluge that also swamped part of southern Alberta, Canada, putting downtown Calgary under water. 170 homes belonging to Siksika Reserve residents were hit by rising tide, with many destined for demolition. Evacuees from the 7,000 person reservation
Modular Homes will House Canadian Flood Victims Read More
Manufactured housing communities (MHCs) may be an environmentally friendly solution for housing the millions of retiring Baby Boomers, and are often safe, pleasant areas that provide a sense of community, ideal for retirees, according to motherearthnews.com. Noting 20 million Americans live in MH, the Manufactured Housing Institute (MHI) estimates 23
Manufactured Homes: Solution to Need for Baby Boomer Housing Read More
Pamela Danner, the Department of Housing and Urban Development’s (HUD) Administrator for the Office of Manufactured Housing, released a letter announcing Home Innovation Research Labs, Inc. as the new Administrating Organization (AO) for the Manufactured Housing Consensus Committee (MHCC). According to the Manufactured Housing Association for Regulatory Reform (MHARR), the
HUD MH Head Announces new AO for the Manufactured Housing Consensus Committee Read More
Enrollment at the Southwest Licking (SWL) schools in Pataskala, Ohio, just east of Columbus, has grown from 3,490 in 2002 to over 3,900 during the most recent school year, and the district has not added any buildings, leading Superintendent Robert Jennell to state the school board needs to acquire another
Modular Classrooms Mount in Ohio School District Read More
As CNNMoney reports low mortgage rates and rising rents make it profitable for homeowners to retain their former homes and become landlords, earning more than the expenses. Susan Young of Kansas refinanced her home at 3.25 percent with a 30-year fixed rate mortgage and bought another home. She receives several
High Rents + Low Mortgage Rates = New Landlords Read More
With news from the Federal Reserve that interest rates will probably remain stable through the end of 2014, investors reacted by driving the S&P Index to a new record high and the Nasdaq to its highest level in 14 years, as CNNMoney informs MHProNews.com. The Dow Jones Industrial Average gained
Stocks Rally on Fed’s Interest Rate News; Skyline Rises Read More
