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.
While minorities are expected to comprise almost half of the first-time homebuying market within the next ten years, mortgage lending to minorities has fallen 25 percent more than for whites since the mortgage bust. According to the Joint Center for Housing Studies at Harvard University, during the decade from 2004 […]
Barriers to Increasing Homeownership Abound Read More
A major player in the manufactured housing industry in Elkhart County, Indiana since 1964 passed away June 25. Jack Tuff, founder of Tops Mobile Home Centers and several manufactured housing communities, and an early supporter of what became the RV/MH Hall of Fame, began his MH career in Fort Knox,
While the tech-heavy Nasdaq finished the day’s trading at a 14-year high, the Dow Jones Industrial Average and the S&P 500 did finish with modest gains to end the week. The Nasdaq advanced +0.43 percent, +18.88 points to end the day at 4,397.93, while CNNMoney informs MHProNews the Dow nudged
Patrick Tops Gainers in Tracked Housing Stocks; Nasdaq Ramps up Read More
Since 1973 Washington County (Ohio) Career Center’s (WCCC) carpentry program has built 46 modular homes, giving students the best real world experience, and since 2002 has built them to auction off to recoup expenses and help sustain the program for the following year. However, this year the three-bedroom, three-bath home,
Student-built Modular Home Still on Market Read More
RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price
Patrick Acquires Aluminum Products Producer Foremost Fabricators Read More
While many analysts and pundits predicted first quarter 2014 growth at 2.6 percent, in fact the economy shrank 2.9 percent, more than the minus one percent initially reported at the end of May. The only times gross domestic product (GDP) has fallen more than 1.5 percent has been just before
Is Housing Dragging on the Economy, or is the Opposite True? Read More
One of the biggest obstacles to housing growth, according to the Joint Center for Housing Studies of Harvard University, is that millennials are continuing to live with their parents in record numbers, according to housingwire.com. Approximately 2.1 million more adults in their 20s and 300,000 more in their 30’s lived
Millennials Continue to Live in Parental Homes Read More
Updating a story we first published May 22, 2013 regarding proposed modular disaster relief housing by Garrison Architects, a five module prototype has been installed in Brooklyn. Over the next couple of years, different people will live in the units for five days at a time to determine their functionality,
Disaster Relief Housing Prototype Sited in Brooklyn Read More
Facing an energetic and aggressive challenger who took advantage of the anti-Washington, DC mood, Mississippi Republican Senator Thad Cochran, stunned by the June 3 primary that denied him an electoral majority, beat back TEA Party challenger Chris McDaniel by less than two percentage points, 6,400 votes in the Republican primary,
MSMHA Director Jennifer Hall Hails Senator Thad Cochran’s Election Win Read More
The Dow Jones Industrial Average got spooked early in today’s trading by worries about interest rates, dropping quickly to 16,750, then managing to close almost 100 points higher at 16,846.13, although still losing -21.38 points, -0.13 percent, as CNNMoney tells MHProNews. The Nasdaq slipped -0.71 points, -0.02 percent, to end
Liberty Homes Stock Skyrockets; Dow, Nasdaq, S&P Slip Read More
The Harvard University’s Joint Center for Housing Studies reports half of the households in the Los Angeles metropolitan area spend 30 percent of their income on rent or mortgage payments, making it the highest rate of 381 U. S. metro areas; and 25 percent spend half of their income on
Los Angeles Housing Short on Affordability Read More
Questions have been coming in about the status of the 2015 Tunica Show, given Harrah’s closure of the site where the manufactured housing show has been held for the past 17 years. Dennis Hill at Show Ways Unlimited, the trade show’s coordinator, has told us that alternative options are in
The Tunica Manufactured Housing Show Will Go On! Read More
The aging baby boomer generation moved the median age of United States residents from 37.5 years to 37.6 years as an estimated 10,000 people each day hit 65, and the youngest of the boomers enter their 50s. Seven states, according to mdjonline.com, however, actually saw their median ago lowered, and
Factory-built Housing Rising as Age Drops in Oil Rich States Read More
As an addendum to a story MHProNews.com posted April 17, 2012 regarding students at the Upper Valley Career Center in Piqua, Ohio building a modular home for three developmentally-disabled individuals, different students at the same school recently completed a 1,992 square-foot modular home, again for the same disability service provider.
Trades Students Build another Modular Home Read More
Westville (Illinois) Village Trustees denied a request from resident John Barton to purchase a 22 year-old manufactured home within the village limits and and reposition it on a vacant lot within the village for his daughter and her family. The Westville zoning ordinance does not allow manufactured homes (MH) older
Illinois Town Denies Request to Re-Site Manufactured Home Read More
The Dow Jones Industrial Average regained nearly half of what it lost yesterday, moving up +0.29 percent, + 49.38 points, to close at 16,867.51. CNNMoney tells MHProNews the Nasdaq regained +29.40 points, +0.68 percent, to end the day at 4,379.76, while the S&P 500, which had been on a tear
Cavco Gains Most in Second Straight Day of Trading Read More
Under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) can issue a cease-and-desist order to shut down any business at any time, preventing the business from re-opening until either the government gives its approval or a court ruling is issued. Due to the usual slow movement of bureaucracies and
Consumer Financial Protection Bureau Disarming Arms Merchants Read More
Fort, Myers, Florida-based Murex Properties has acquired the 273-homesite manufactured housing community (MHC) Ventura Lakes in Punta Gorda, FL for $12 million, in conjunction with Northwest Mutual. The 84-acre community was developed in 1998 and includes an 8,000 square-foot clubhouse with a library, fitness center, billiards room, stage, dance floor
Murex Acquires Ventura Lakes MHC in Florida Read More
Noting the growing trend of retirees downsizing to homes that are more manageable and affordable, monroemonitor.com in Monroe, Washington suggests there is a growing market of used manufactured housing in 55+ retirement communities that with a little elbow grease can lead to living well, green and stylish. By replacing the
Age-restricted MHCs offer Strong Sense of Community Read More
Yale Law School’s 2014 recipient of the Simeon Baldwin award has been conferred upon Eugene Landy, founder and chairman of UMH Properties, Inc. (NYSE:UMH) and Monmouth Real Estate Investment Corp. (NYSE:MNR). The award recognizes achievement in law and business. Describing Landy as “one of the pioneers and founders of the
Eugene Landy Honored by Yale Law School Read More
