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.
Stocks initially dropped off sharply in midday and then rose back to flatline, although the S&P 500 inched up 2.50 points, + 0.13 percent, to set another new high at 1959.48, as CNNMoney informs MHProNews. The Dow Jones Industrial Average edged up +14.84 points, +0.09 percent, to end the day […]
Cavco Gains, Louisiana Pacific drops, S&P Sets New High Read More
The Bow River overflowed its banks in Siksika, Alaska last June, following a deluge that also swamped part of southern Alberta, Canada, putting downtown Calgary under water. 170 homes belonging to Siksika Reserve residents were hit by rising tide, with many destined for demolition. Evacuees from the 7,000 person reservation
Modular Homes will House Canadian Flood Victims Read More
Manufactured housing communities (MHCs) may be an environmentally friendly solution for housing the millions of retiring Baby Boomers, and are often safe, pleasant areas that provide a sense of community, ideal for retirees, according to motherearthnews.com. Noting 20 million Americans live in MH, the Manufactured Housing Institute (MHI) estimates 23
Manufactured Homes: Solution to Need for Baby Boomer Housing Read More
Pamela Danner, the Department of Housing and Urban Development’s (HUD) Administrator for the Office of Manufactured Housing, released a letter announcing Home Innovation Research Labs, Inc. as the new Administrating Organization (AO) for the Manufactured Housing Consensus Committee (MHCC). According to the Manufactured Housing Association for Regulatory Reform (MHARR), the
HUD MH Head Announces new AO for the Manufactured Housing Consensus Committee Read More
Enrollment at the Southwest Licking (SWL) schools in Pataskala, Ohio, just east of Columbus, has grown from 3,490 in 2002 to over 3,900 during the most recent school year, and the district has not added any buildings, leading Superintendent Robert Jennell to state the school board needs to acquire another
Modular Classrooms Mount in Ohio School District Read More
As CNNMoney reports low mortgage rates and rising rents make it profitable for homeowners to retain their former homes and become landlords, earning more than the expenses. Susan Young of Kansas refinanced her home at 3.25 percent with a 30-year fixed rate mortgage and bought another home. She receives several
High Rents + Low Mortgage Rates = New Landlords Read More
With news from the Federal Reserve that interest rates will probably remain stable through the end of 2014, investors reacted by driving the S&P Index to a new record high and the Nasdaq to its highest level in 14 years, as CNNMoney informs MHProNews.com. The Dow Jones Industrial Average gained
Stocks Rally on Fed’s Interest Rate News; Skyline Rises Read More
The board of directors of real estate investment trust (REIT) Sun Communities, Inc. (SUI) announces it has declared a quarterly distribution of $0.65 per share of common stock for Q2 2014, according to marketwatch.com. Distribution is payable July 18, 2014 to shareholders of record as of June 30, 2014. The
Sun Declares Dividend for Stockholders Read More
New Jersey’s First Lady, Mary Pat Christie, will be on hand to welcome the first two modular homes constructed since the devastation of Hurricane Sandy at Union Beach, New Jersey, according to abc27.com. The grant project, “Rebuilding Union Beach,” was funded by the Hurricane New Jersey Relief Fund and the
First Two Modular Homes Arrive at Union Beach Read More
MHProNews has learned from farmingtonindependent.com of Minnesota a 1977 Marshfield manufactured home that has been abandoned by Richard Brown in the Country View of Lakeville manufactured home community (MHC) will be sold at public auction by the sheriff of Dakota County. The amount of the claim against the property is
Abandoned Manufactured Home to be Sold Read More
For members of the Cranberry Island Realty Trust (CIRT), the three years spent negotiating the movement of two modular homes to the Great Cranberry Island off the coast of Maine has reached fruition. “It’s becoming increasingly difficult for people to make homes out here year round when they can’t afford
Affordable Modular Housing Sited off Maine Coast Read More
Real estate investment trust (REIT) UMH Properties, Inc. will host a webcast to report on its second quarter 2014 financial results Friday, Aug. 8, 2014 at 10:00 AM, after releasing the numbers, Thursday, Aug. 7, according to marketwatch.com. To participate click on the company website www.umh.com. As MHProNews understands UMH
UMH Sets Conference Call for Q2 2014 Financials Read More
Grants are now available in Henderson County, North Carolina to assist qualified residents remove abandoned manufactured homes (MH) on their property, according to blueridgenow.com. The grant will pay $1,000 of the cost, but the applicant is responsible for the remainder of the demolition, usually $500. The county has a fund
Funding will pay for Removing Abandoned Manufactured Homes Read More
The three indexes turned in a good but not great report of gains in today’s trading, as tech stocks pulled the averages up, according to what CNNMoney informs MHProNews.com. The Dow Jones Industrial Average gained 27.48 points, +0.16 percent, to end the day at 16,808.49. The Nasdaq moved up the
LPX Edges Up, Skyline Slips; Dow, Nasdaq and S&P Nudge Upward Read More
The Natural Resources Defense Council reports the U. S. Department of Energy (DOE) has assembled a working team to develop new energy-efficient standards for manufactured homes (MH) to replace the current ones that are over 20 years old. Noting the existence of nine million manufactured homes nationwide providing affordable housing
New Energy-efficiency Standards for MH on Tap Read More
An hour east of Palm Springs, California, in the eastern Coachella Valley, where manufactured housing communities (MHC) dot the landscape of farmworkers who are sometimes living in dilapidated pre-HUD Code homes, lies St. Anthony’s Trailer Park, says nytimes.com. The community’s sporadic clean drinking water (arsenic has been found in the
Challenged MHC in California Transformed with Public Space Read More
The acquisition of much larger Fleetwood Homes by manufactured and modular home builder Cavco Industries, Inc. of Phoenix, Arizona, originated during the 2008 financial crisis when Third Avenue Value Management Fund, which has been following the MH industry, contacted Cavco’s CEO Joe Stegamyer and together they purchased bankrupt Fleetwood in
Third Avenue Management Pleased with Cavco Investment Read More
Tierra West Estates manufactured home community in Albuquerque collaborated with the New Mexico Veteran’s Integration Center (VIC) to surprise a one-time homeless wounded Iraqi veteran with a new manufactured home for him and his family. The koat-tv.com reporter says, “ We’re not here to interview you. We’re here to give
Wounded Iraqi Vet Receives New Manufactured Home Read More
Riverstone Communities has acquired Medley Mobile Home Park, a 202-home site manufactured housing community (MHC) in northwest Miami-Dade County, sold by Andrew Ginsburg’s 7200 Corp. According to bizjournals.com, while the Dade County Appraiser assessed the property for $3.8 million, the $12 million price paid represents $59,405 per each site. MHProNews
Florida MHC Bought by Riverstone Communities Read More
In a revision to a post MHProNews published June 3, 2014 regarding HUD Code home production in April, 2014, the Manufactured Housing Institute (MHI) reports 5,718 homes were shipped that month, upwardly revised from the 5,653 homes we previously reported, a 7.5 percent increase over April, 2013. Total floors shipped
HUD Code Production Figures Revised for April Read More
