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.
After a day of jagged ups and downs, the Dow Jones Industrial Average continues to flirt with the 17,000 mark, as it moved up +20.17 points in today’s trading, +0.12 percent, to end at 16,976.24. As CNNMoney informs MHProNews, the Nasdaq slipped -0.92 points, -0.02 percent, to close at 4,457.73, […]
Skyline Rises, UFPI falls; Dow Closing in on 17,000 Read More
Updating a story MHProNews last posted June 12, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer as much as $10,000 in assistance to help ten qualified residents purchase modular homes, the proposal now goes before the town council. If approved, the homes would
Affordable Modular Homes Proposal Moving Forward in Bluffton Read More
The board of directors of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, has declared a quarterly cash dividend on the company’s common stock of $0.18 per share payable Sept. 15, 2014 to shareholders of record as of Aug. 15, 2014. In addition, the board declared a quarterly dividend of
UMH Properties Declares Common and Preferred Stock Dividends Read More
According to a report on NPR.org, the city of Chicago owns nearly 5,000 empty lots in the greater Englewood area on the South Side due to the foreclosure crisis that resulted in the demolition of many homes. Having limited success with affordable housing and urban garden efforts, the city is
Vacant Lots in Chicago Selling for One Dollar Each Read More
In an attempt to strengthen the state’s housing market, Virginia has passed a measure that allows first-time home buyers to invest up to $50,000 in any financial institution, free of state taxes on any earnings, provided the money is used to buy a home in the state. Called the First-time
Manufactured Homes Included in Homebuyer Savings Plan Read More
Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), informs MHProNews only 43 manufactured homes were ordered by retailers in Iowa during Q1, 2014—just six in the month of January—a drop of 15 homes, 26 percent, compared to the same period in 2013. For the last three
Orders for Manufactured, Modular Homes Drop in Iowa Read More
John Williams, president of the Federal Reserve Bank of San Francisco, while expressing optimism the economy is well on its way to recovery, says the Fed will need to keep interest rates near zero until the middle of next year. Speaking to members of the Utah and Montana Bankers Association,
Regional Fed Head Says Interest Rate Will Remain Low Read More
New money from mutual funds and other big investors are entering the stock market to kick off the second half of the year, driving the Dow Jones Industrial Average and the S&P 500 to new record highs. As CNNMoney informs MHProNews, the Dow rose +129.47 points, +0.77 percent, to 16,956.07,
UFPI Gains over 3 Percent; Dow, S&P Hit new Record Highs Read More
Yorkshire, England entrepreneur Andrew Foreman has entered a 50/50 joint partnership worth $8 million with Marcol Group, a property investment company, to grow three modular building companies near Beverley on the Catfoss Industrial Estate. Catfoss Eco Modular Living Ltd manufactures modular buildings for homes and business. Catfoss Modular and Portable
Three UK Modular Businesses Combined for Sustained Growth Read More
As the Michigan home market continues to improve, lenders say they are seeing more millennials, those in their 20s to 30s, now buying homes, comprising 31 percent of home buyers. The uptick is reaching the manufactured housing (MH) market as well. As digitaljournal.com reports, Sharon Crowe of Parkhurst Homes in
Millennials Buying Manufactured Homes in Michigan Read More
RV/MH Hall of Fame President Darryl Searer, in delivering a eulogy at the funeral of Jay Hesse, his friend, a customer and competitor for almost 25 years, said: “Standing in life a full 6-foot, 5-inches, Jay was a giant of a man, not only in physical stature, but also as
Jay Hesse Eulogy delivered by RV/MH Museum Head Darryl Searer Read More
In the name of transparency, beginning in May, Louisiana House Bill 909 requires companies that provide homeowners insurance, including manufactured homes, to publish information on premiums, incurred losses and how the insurance company arrived at its rate. MHProNews has learned from dailycomet.com the information, which will be available on the
Homeowners Insurance Transparency Includes Manufactured Homes Read More
According to worldpropertychannel.com, the National Association of Realtors’ (NAR) Pending Home Sales Index increased from 97.9 in April to 103.9 in May, the largest rise since April 2010 (9.6 percent) when first-time homebuyers beat the deadline to take advantage of the popular tax credit then available, as the government was
Pending Home Sales Rise in May, but Lagging Behind Last Year Read More
After being voted the best place to buy manufactured and modular housing in the Best of Maury County (Tennessee) reader’s poll, Keith Baker Homes is closing its doors after 38 years in business. “We were voted the best in Maury for many years for which I want to express our
Tennessee HUD and Mod Dealer Closing after nearly Four Decades Read More
While the three major indexes closed mixed on the last day of trading for June, the S&P 500 gained six percent for the first six months of the year, the Nasdaq is up 5.5 percent and the Dow Jones Industrial Average gained 1.5 percent for the first half. On the
Patrick Industries Gains over 8.5 percent after Two Straight Trading Days Read More
MHProNews has learned from moosejawtimes.sk.ca in Saskatchewan, Canada, Sunflower Manor in Moose Jaw had its official grand opening June 23, the first multifamily modular housing unit in town. The nine modules, comprising six apartment units, were built in Winnipeg, Manitoba, Canada by Winkler Construction and then stacked to form the
Canadian Modular Apartment Unit has Grand Opening Read More
Lippert Components, Inc. (LCI) a wholly-owned subsidiary of Drew Industries, Inc. of Elkhart, Indiana announces its exclusive agreement with Shanghai Lixin Trading Co. Ltd. for the distribution of LCI products to the growing Chinese caravan, recreational vehicle and utility trailer markets. Shanghai Lixin recently created a special division to deal
Lippert Inks Deal with Chinese Caravan Market Read More
U. S. House of Representatives Speaker John Boehner (R-OH) plans to introduce legislation that will allow the House to sue President Obama for unconstitutional overreach, according to nytimes.com. Allowing the House to sue through the House general counsel, the bill is in response to the president’s executive actions, including preventing
House to Sue President Obama, as Supreme Court Denies Birth Control Provision of ACA Read More
According to fresnobee.com, except for people living in remote rural areas, California has the highest rental and owned housing costs, relative to income, as Harvard University’s Joint Center for Housing Studies reveals. The Los Angeles area tops the chart in this category, while San Diego ranks number five, San Bernardino-Riverside
California Housing Costs Take Top Spot Read More
A questioner writes to “Anne” of the democratandchronicle.com in Rochester, New York, saying when she and her husband sold their manufactured home in a community and asked the community manager for the return of their security deposit, he replied they had to produce all three years of receipts because they
New York State Community Owners: Take Notice Read More
