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.
Christine Romans of CNNMoney reports almost half of residential real estate deals in the first quarter of 2014 were “swaggering cash buyers, investors from overseas, private equity funds, wealthy individuals,” who comprised a record high 42.7 percent of the purchases. First-time homebuyers were not a significant part of the housing […]
Home Cash Buyers Big in Q1; Housing Market a “Crapshoot” Read More
The Dow Jones Industrial Average managed to stay above the 17,000 mark, as it nudged down -44.05 points in today’s trading,-0.26 percent, to end at 17,024.21. As CNNMoney informs MHProNews, the Nasdaq slipped -34.40 points, -0.77 percent, to close at 4,451.53, while the S&P edged down -7.79 points, -0.39 percent,
Sun Edges Up; Cavco, Dow, Nasdaq and S&P Slip Read More
Jeff Luchetti Construction began JL Modular nine years ago and is now taking it to a higher level with a 45,000 square foot factory on tap to open this fall in Windsor, California to meet growing demand for modular facilities, especially schools that need more classroom space, according to northbaybusinssjournal.com.
Modular Construction Facilities Expanding in California Read More
Volunteers in Clinton Township, Michigan, just north of Detroit constructed a ramp to the manufactured home of Christian Falk so her 39 year-old amputee/stroke victim son could exit the home in his wheelchair, as told to MHProNews by macombdaily.com. Clinton Township Fire Chief John Shea, who initiated the project after
Wheelchair Ramp Built for Manufactured Home by Volunteers Read More
In February, 2014 after occupancy at the 55+ Capital Estates manufactured housing community (MHC) in Sacramento, California dropped to 70 percent, the owners decided to convert the community into an all-age MHC, much to the dismay of current residents, as sacbee.com informs MHProNews. Community owners can legally drop the the
Sacramento Senior MHC Converting to All Age Community Read More
According to digitaljournal.com, Clayton Home Center Consultant Doug “Sarge” Linebaugh assisted a fellow disabled veteran, Luis Alvarez, in purchasing a manufactured home. “Right away, I hit it off with Luis and Maria,” Linebaugh said. “We were able to connect on a personal level, since I am also a disabled veteran.”
Manufactured Home Focal Point for Disabled Veterans Read More
According to nasdaq.com, with a Relative Strength Index (RSI) of 70.36, UMH Properties, Inc. is now in overbought territory. The RSI is a gauge used by technically-focused investors, where any number above 70 indicates an asset has been overbought. It compares the average of gains in days that closed up
UMH in Overbought Territory Read More
The National Association of Home Builders (NAHB) announces Steve Bomberger has been elected chairman of the NAHB 50+ Housing Council, succeeding Robert Karen, for a one-year term. President of Benchmark Builders, Inc. of Wilmington, Delaware, he has been awarded the Builder of the Year by the Home Builder Association/Delaware (HBA/DE)
Bomberger to Head NAHB’s 50 Plus Housing Council Read More
John Adams was the second U.S. President, and writing to his wife Abigail about the Fourth (4th) of July, said: “I believe that it will be celebrated by succeeding generations as the great anniversary festival.” “It ought to be celebrated by pomp and parade, with shows, games, sports, guns, bells,
John Adams on the Fourth of July Read More
Touting the benefits of senior living manufactured home communities (MHCs), deseretnews.com reports manufactured homes, at $40,000-$45,000, are available to fit a retiree’s budget and offer style, function and space as well as tax-deductible interest on mortgage or lease payments, much like a site-built home. Most communities have recreational activities and
Retirement Manufactured Home Communities Gaining in Popularity Read More
The U. S. stock markets are closed today in honor of the Fourth of July holiday. Happy Birthday America! (Image credit: wikipedia.org)
Stock Markets Closed Today Read More
An article written by Allan Wallis about manufactured housing in 1984 continues to be relevant today, although the definitions in Drawn Quarters do not always resonate with governmental and regulatory agencies. He cites the four distinct periods of the industry, and their proper names: 1928-1940 travel trailer 1941-1954 house trailer
Drawn Quarters, Manufactured Housing Then and Now Read More
According to etfdailynews.com, Jeffrey Gundlach, CEO of DoubleLine Capital, said at the Sohn Investment Conference, “Single-family housing is overrated. Renting is more appealing across all age groups, all parts of the U.S., city, suburb, small town and rural.” Investor Bill Miller of Legg Mason disagreed, saying housing affordability and low
Sam Zell: With Home Sales Skittish, Multifamily Rental is Good Investment Read More
The Dow Jones Industrial Average finally crossed the 17,000 mark, as it moved up +92.02 points in today’s short day of trading, +0.54 percent, to end at 17,068.26 in advance of the July 4 holiday. As CNNMoney informs MHProNews, the Nasdaq gained +28.2 points, +0.63 percent, to close at 4,485.93,
Dow Jones Moves Beyond 17,000; S&P Nears 2,000 Mark Read More
MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR) that statistics obtained from the U. S. Department of Housing and Urban Development (HUD) reveal manufactured housing production grew to 5,733 HUD Code homes in May, a two percent increase over the 5,622 produced in May of 2013.
HUD Code Production Continues to Grow Monthly Read More
BMO Capital Markets’ Senior Analyst Paul Adornato says the housing bubble has made mortgages tougher to get, leading people to manufactured housing (MH), and since manufactured home community owner Sun Communities, Inc. is poised to take advantage of the situation, their stock has been bumped up to an outperform rating,
Housing Bubble Drawing People back to Manufactured Housing Read More
Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to sddt.com. The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National
Marcus & Millichap Engineer MHC Sale Read More
The third largest island in the world, situated southeast of the Malay Peninsula, Borneo is part of Malaysia and Indonesia, and hungry for modular housing to ease the shortage of affordable homes. Chinese-built modular homes have been exported to 80 countries, but transportation would make the prices too high to
Chinese may Build Modular Homes in Borneo Read More
According to payroll processing firm ADP, private sector firms added 281,000 jobs in June, the strongest month for hiring since November, 2012. Small companies with under 50 employees added 117,000 jobs, mid-sized businesses added 115,000 employees and large firms with over 500 workers added 49,000 jobs, as reported to MHProNews
Job Growth Strong in June Read More
The Easton, Mass. Board of Selectmen, acting as the town’s manufactured housing rent control board concerning residents of Easton Mobile Park request for reduced rents, heard more information from owner Morgan Management’s controller as well as from Justin DaMore of Meyers Environmental describing an inadequate sewer system for the community.
Sewer Problems Inherited from Previous MHC Owner Read More
