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.
Investors moved away from the Big Board in trading today, perhaps motivated by the World Bank lowering its Global Economic Outlook estimate for 2014 from the 5.3 percent it predicted in January to 4.8 percent today. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -102.04 points, -0.60 percent to […]
Skyline Drops, UFPI Falls; Dow Loses over 100 Points Read More
After a long and storied career in the manufactured housing industry spanning 45 years, 29 of them with what is now American Homestar Corp., MHProNews has learned Ronnie Richards is retiring, as he transitions into a family-owned business, Butler’s Courtyard, a popular event venue in Houston. Ronnie joined Homestar (then
Ronnie Richards Retiring from Manufactured Housing Industry Read More
The 2014 Summer Meeting for the Manufactured Housing Institute (MHI) concluded yesterday with Tim Williams, CEO of 21st Mortgage, was elected as Vice-Chair of the industry’s largest national trade association. Williams, a respected industry icon, was unopposed. 97 industry leaders, plus MHI staff, friends and family attended the June 8-10 event
97 industry leaders – plus staff, friends and family – came to the Alexander Hotel in Indianapolis, IN June 8-10 for the 2014 Manufactured Housing Institute (MHI) Summer Meeting. The new manufactured home program director at HUD, Pam Danner, was featured on the final day, in addition to her participating
Updating a story MHProNews first posted May 22, 2013 regarding a planned disaster housing project in New York City, myfoxny.com reports the first stackable, modular prototype has been sited in Brooklyn. Intended to keep disaster victims in their neighborhood, the basic 480 square-foot unit has a combined living room and
Modular Emergency Housing Prototype Sited in Brooklyn Read More
MHProNews.com has been informed that private equity real estate investment firm Green Courte Partners, LLC has acquired Mountain View Estates, a 170-homesite age-restricted manufactured housing community (MHC) in Mesa, Arizona. Green Courte’s William Glascott says, “With this acquisition, our portfolio of age-restricted land-lease communities within the greater Phoenix market includes
Green Courte Acquires Land Lease Community in Arizona Read More
A new ordinance unanimously passed by the Hamlet (North Carolina) City Council allows any factory-built home to be sited within the city limits providing it is set on a concrete foundation and “the tongue, axles, transporting, lights and removable towing apparatus shall be removed subsequent to final placement.” The previous
New Ordinance Allows Placement of Pre-HUD Code Homes Read More
As the Clayton-Bradley Academy celebrated its first year, faculty, staff, students and their parents gathered on the last day of school for a picnic and games, and donated items for a time capsule placed in a hallway wall, set to be opened when the school has its 25th anniversary in
School funded by Clayton Homes Celebrates First Year Read More
Real estate developer Ian Cassels of New Zealand intends to build 2,000 two-bedroom modular apartment units for Wellington measuring about 225 square feet each. As director of The Wellington Company, Cassels has already signed a contract to develop land owned by the Port Nicholson Block Settlement Trust, where a prototype
Developer to Build Modular Units in New Zealand Read More
Investors on Wall Street stepped back for some breathing room after a week of setting new records, leaving the three major indexes to move little either way. CNNMoney tells MHProNews the Dow Jones Industrial Average gained all of +2.82 points, +0.02 percent to end the day at 16,945.42. Meanwhile, the
Skyline Rises, UMH Slips; Dow, Nasdaq and S&P Move Little Read More
Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 109,824 U. S. properties in May 2014, a five percent decrease from the previous month, and a 26 percent drop from one year ago to the lowest monthly level since Dec., 2006, according to RealtyTrac’s latest
Foreclosures Fall Nationally 26 Percent Year-over-Year Read More
Elkhart, Indiana-based Patrick Industries, Inc. (PATK) has acquired Precision Painting Group which offers interior and exterior painting for recreational vehicles (RVs), and includes TDM Transport, Inc., which services in-house customers. Although no purchase price was published, Precision expects annual revenues this year of $28 million, according to rvbusiness.com. Patrick is
Patrick Acquires Painting Firm Read More
Waterloo (Iowa) Community Schools officials succeeded in convincing Waterloo’s Planning, Programming and Zoning Commission to allow two modular classroom buildings to remain at Kingsley Elementary school while district officials deal with balancing the burgeoning student population. Sited in Sept., 2010, each building contains two classrooms, both of which had been
School District Juggles Kids, Continues Using Modular Classrooms Read More
While the most recent news from Lake County, California that MHProNews has published dealt with rent control in manufactured housing communities Feb. 5, 2014, record-bee.com reports the Middletown Unified School District (MUSD) Board of Trustees will consider a contract with American Modular Systems to install modular classrooms at Minnie Cannon
Modular Classrooms to be Considered for Calif. School Read More
Sandhill Shores manufactured home community (MHC) in Fort Pierce, Florida is holding a mock hurricane drill June 26 to inform residents what to expect in case of a real event. Managed by Newby Management, the 55+ community of homes and recreational vehicles (RV) will experience the drill as if a
Florida MHC Runs through Hurricane Drill Read More
All three major indexes moved up modestly, but sufficient to hit new highs for the Dow Jones Industrial Average and the S&P 500 on news of pharmaceutical and food company acquisitions. The Dow moved up +18.82 points, +0.11 percent, to end closer to 17k at 16,943.10. The Nasdaq gained 14.84
Patrick, LPX Advance; Dow, S&P hit New Highs Again Read More
McGraw Hill’s Construction Forecast Report anticipates 45 percent of all construction begun in the U. S. in 2014 will be single and multifamily housing projects. A survey of builder and remodeler members of the National Association of Home Builders (NAHB) reveals 62 percent of single-family home builders report they are
Green Construction Growing in Housing Market Read More
As an addendum to a story MHProNews published April 26, 2013 regarding Florida’s state-run insurance company reducing its coverage (but not its premiums) on older manufactured homes (MH), a resident says his Citizens renewal notice indicates the value on his home dropped from $71,000 to $29,000 in 12 months. In
Manufactured Home Owner Upset with Florida Insurer Read More
From time to time, software and other changes by third parties results in emails going to spam filters that you don’t want there. We’ve had some inquiries about “missing our emails,” and typically, such software changes has caused a message to go into spam; it happens to lots of operations
A city code in Lewes, Delaware that bans residents of Abbott Park manufactured housing co-op from renovating or replacing their factory-built homes may be altered to allow only modular and stick-built homes in their stead, according to capegazete.villagesoup.com. Since manufactured homes (MH) are not allowed in Lewes, existing ones are
Ordinance may Block Siting of Manufactured Homes Read More
