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.
The jump in multifamily housing starts for April of 39.6 percent is the fastest pace for this housing sector since Jan. 2006, and helped propel total housing starts to 1.07 million units, a 13.2 percent increase over March, according to figures released by the Department of Housing and Urban Development …
Regarding Freddie Mac’s decision to begin purchasing and securitizing manufactured housing community (MHC) loans as MHProNews.com posted here May 1, 2014, costar.com reports these will be commercial loans made to the community owners. David Brickman, Freddie Mac Multifamily executive vice president, said, “Manufactured housing communities are an affordable housing option …
Following a story MHProNews.com posted May 6, 2014 regarding a proposal to replace pre- HUD-Code homes in Bluffton, South Carolina with new affordable modular models, islandpacket.com supports the project but with reservations. Noting the city got in over its financial head with a $1.2 million previous plan that replaced dilapidated …
The Texas Manufactured Housing Association (TMHA) informs MHProNews.com that new and used manufactured home title changes rose +21.57 percent Feb. over Jan. this year, increased +1.19 percent over Feb. 2013, and the year-to-date percentage change from the same time last year rose +0.31 percent. For new titles the change from …
Texas Manufactured Housing Title Changes Reported for January to February Read More
A veteran of the manufactured housing industry for over 40 years, Gary Abbate has passed away, according to Ken Anderson of the Arizona Housing Association (AHA). After joining the Redman Homes sales team in 1970 in Texas, he served as sales manager for Redman first in Florida from 1987-1996, and …
Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., today issued the following statement following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member …
Chairman of National Association of Home Builders Comments on Senate Measure Read More
Calling it “the bears coming out from hibernation,” CNNMoney tells MHProNews.com days after hitting new highs, the Dow Jones Industrial Average dropped -167.16 points, -1.01 percent, to close at 16,446.81, while tech-heavy Nasdaq lost -31.34 points, -0.76 percent, to end the day at 4,069.29. The S&P dropped -17.68 points, -0.94 …
Deer Valley Plummets, Sun Rises just above Horizon; Dow Loses a Percent Read More
Governor Deval Patrick took up a shovel to participate in a groundbreaking ceremony for a housing project in Chelsea, Massachusetts, at 44 Gerrish Ave. that will include a new modular unit along with the rehabilitation of the Standard Box building for 41 market rate apartments and five affordable rentals, already …
Modular Building part of Massachusetts Affordable Housing Program Read More
A boil water advisory was issued by Capital Region Water, Tue., May 13, for a portion of Susquehanna Township that includes the Progress Ridge Manufactured Housing Community in Harrisburg, Pennsylvania. A contractor struck a water line, according to pennlive.com. Thurs., May 15 MHProNews.com learned the ban has been lifted after …
Boil Water Advisory Lifted in Manufactured Housing Community Read More
An industry leader and pioneering producer of manufactured homes since 1965, James L. Newman, Sr. of Bryan, Ohio passed away after a brief illness May 13 at age 75. He founded Manufactured Housing Enterprises (now MHE,Inc.) in 1965 with the motto of ‘Building Dreams One Home At A Time’ and …
According to azcentral.com, the Chandler (Arizona) Planning and Zoning Commission has approved a modular building to be used at Chandler Municipal Airport by Quantum Helicopters. MHProNews was unable to immediately determine the size of the structure or the provider. ## (Photo credit: Ron Medvescek/arizonadailystar.com–modular containers)
The Walterboro City Council in southern South Carolina had to amend a zoning ordinance in order to construct a modular detention facility where a portion of the old jail complex once stood. According to colletontoday.com, the zoning regulations in the Unified Development Ordinance allow a correctional facility to be built …
Stocks of Sears, Whirlpool and Fossil (known for watches and jewelry) fell in today’s trading as the three major indexes all posted a loss, with the Dow Jones Industrial Average falling -101.47 points, -0.61 percent, to close at 16,613.97, while tech-heavy Nasdaq lost -29.54 points, -0.72 percent, to end the …
ELS Edges Up; LPX, Cavco, Drew, Patrick and UFPI Fall over 3 Percent Read More
Following a story MHProNews.com last posted Sept. 5, 2013 regarding a rejected proposal to use modular jail cells in Dutchess County, New York instead of paying other counties to house the overflow of prisoners, the state legislature voted $6.49 million to purchase and install modular “pods” as a temporary fix …
Poughkeepsie, New York will Install Modular Jail Cells Read More
The founder of Republic Mobile Homes in Texas in the late 1960’s, Ralph Nattrass passed away at age 88 in Edmonton, Alberta, Canada April 30. An owner of communities, subdivisions and part owner of Republic-Henslee Manufacturing, he teamed with Frank and Marina Woody to start the current Republic group in …
The Board of Trustees of Garden City Community College in Garden City, Kansas voted unanimously to install nine modular student housing units on property adjacent to campus to accommodate incoming students, according to gctelegram.com. Eight of the modular units will each house eight students, and the ninth will be for …
Manufactured housing community (MHC) owner Hometown America of Chicago has acquired age-restricted Saddlebrook Farms MHC in Grayslake, Illinois, an hour from the corporate office. The 700-acre community features nature preserves, wooded areas and over 100 acres of lakes stocked with fish, and the new owners intend to install a state-of-the-art …
Hometown America adds Saddlebrook Farms to Portfolio Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports lower median prices and steady mortgage rates contributed to higher housing affordability in Q1 2014, rising from 64.7 percent of homes sold in Q4 2013 that were affordable to families earning the median income of $63,900, to …
Housing Affordability Rises Slightly in First Quarter 2014 Read More
Retail sales, which account for one-third of consumer spending, rose only 0.1 percent in April, according to the Commerce Department, following an increase of 1.5 percent in March, which was the largest rise since March 2010. Furniture, electronic and appliance stores, as well as bars, restaurants and online retailers all …
The Dow Jones Industrial Average and the S&P both hit new highs, but settled down just below, as the Dow finished at 16,715.44 for the day, up +19.97 points, +0.12 percent, as CNNMoney tells MHProNews.com. The tech-heavy Nasdaq, however, slipped -13.69 points, -0.33 percent, to finish at 4,130.17, while the …
