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.
Writing in bankstocks.com, Thomas Brown says the Consumer Financial Protection Bureau (CFPB) did not follow its own rules in seeking approval for its new headquarters, the tab for which has risen from the original $95 million to an estimated $215 million. The Federal Reserve’s inspector general’s report concludes no evidence […]
CFPB did not Obtain Approval for Renovations Read More
Two-thirds of the $60 million annual earnings for Anchorage Alaska-based modular construction company Builders Choice Inc. (BCI) come directly from the burgeoning oil and gas industry, according to alaskajournal.com. Revenues have multiplied six-fold since Sandi and Mark Larson bought the business in 2001. Working out of a 50,000 square foot
Modular Commercial Building Lucrative in Alaska Read More
Through a community enhancement program, Parkbridge Lifestyle Communities has been able to update existing manufactured homes (MH) and replace old homes with new ones in Crestway Bays in Surrey, British Columbia, Canada, just outside Vancouver. Lachlan MacLean of Parkbridge, noting the 1970’s build era of many manufactured home communities (MHC)
Parkbridge Replaces/Rebuilds old Manufactured Homes Read More
Residents of Lacombe, Louisiana, across Lake Pontchartrain from New Orleans, filled the St. Tammany Parish Council chamber protesting a zoning change that would allow manufactured housing on a 3.5 acre tract in their neighborhood. The opponents attorney argued there are already manufactured homes (MH) in the Oak Lawn East subdivision,
Parish Council Votes to Allow Siting of Manufactured Homes Read More
Poor economic news from Europe, especially Portugal, sent the Dow Jones Industrial Average down 180 points in today’s trading, but it rebounded somewhat, cutting the loss to just -70.54 points, -0.42 percent, as it closed at 16,915.07. The Nasdaq slipped -22.83 points, -0.52 percent, to close at 4,396.20, while the
UFPI Falls 3.51 Percent, ELS Nudges Up Slightly; Dow, Nasdaq, S&P all Slip Read More
From currentargus.com MHProNews has learned the oil and gas boom has hit Carlsbad, New Mexico, and with every apartment and motel room in town filled, people are sleeping on floors and living in backyard tents. In October 2013 the city approved temporary housing ordinances, and since then 100 travel trailer
New Mexico City Approving Temporary Housing Permits Read More
A new TV series called Tiny House Nation on channel fyi,tv. (part of A&E Networks) premiered July 9, touting the benefits of homes under 500 square feet. From a caboose car turned into a home in Montana, to a micro-apartment in New York City, the hosts travel cross country searching
TV Show Features Tiny Homes Read More
Although the tornadoes that hit the Platteville, Wisconsin area June 16, 2014 were not damaging enough to prompt a federal disaster declaration, which would bring in the Federal Emergency Management Agency (FEMA), the damage from those tornadoes, the June 29 tornado and damaging winds June 29-30 are sufficient to qualify
Organization will Fund Repair of Manufactured Homes Read More
The National Low Income Housing Coalition suggests modifying the 100+ year-old mortgage interest deduction (MID), and instead of eliminating it, cut the maximum mortgage amount that can have interest deducted from it from $1 million to $500,000 and use the savings to support affordable housing, especially for the homeless. Rep.
End Homelessness by Modifying the Mortgage Interest Deduction? Read More
After dropping over 100 points in yesterday’s trading, investors hit the buy button and the Dow Jones Industrial Average regained +78.99 points, +0.47 percent, to end the day just shy of the 17,000 mark, at 16,985.61, while the Nasdaq moved up +27.57 points, +0.63 percent, to close at 4,419.03. The
Skyline Rises, Nobility Falls; Dow, Nasdaq, S&P all Nudge up Read More
The race for Delaware’s House of Representatives District 37 is pitting incumbent Republican Ruth Briggs King against manufactured housing community (MHC) resident and Democratic challenger Paulette Rappa in the Nov. election. King was first elected to the House in 2009, served on several legislative committees and is the Executive Director
Manufactured Home Communities at Issue in Delaware Election Read More
Following a story MHProNews posted Feb. 28, 2014 about the closing of Spruces Mobile Home Park in Williamstown, Massachusetts due to persistent flooding, a Federal Emergency Management Agency (FEMA) grant that triggered the closing will help provide the building of replacement housing with eight of the 14 households tagged for
Manufactured Housing Community Closing Spurs Affordable Housing Project Read More
Once the Federal Reserve began tapering its purchase of Treasury bonds last December, analysts expected mortgage rates to begin rising, but as CNNMoney reports, they have fallen to 4.12 percent for a 30-year fixed-rate loan this week, the lowest since Oct. of 2013. The rate on 15-year loans remained unchanged
Mortgage Rates Fall to Nearly Four Percent Read More
The Greater Las Vegas Association of Realtors (GLVAR) reports 34.7 percent of all existing local homes sold in June were purchased with cash, a drop from 40.2 percent in May, and a considerable decline from the Feb. 2013 peak of 59.5 percent. It has not been that low since July
Las Vegas Housing Market Stabilizing Read More
Although construction spending grew insignificantly in May—a mere 0.1 percent—and private residential spending fell 1.5 percent for the same month, following an increase of 0.5 percent the previous month, analysts speculate that residential construction will rebound in the coming months, making the overall market for homes more competitive, according to
Existing Home Sellers may be Surprised Read More
The RV/MH Hall of Fame Selection Committee announces it is accepting nominations for the Class of 2015. “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.,” says Darryl Searer, president of the Hall of Fame.
Nominations Open for Class of 2015 Hall of Fame Read More
Tech stocks rallied downward with Twitter leading the charge, losing over seven percent in today’s trading, as the Nasdaq fell -1.35 percent, -60.07 points, to close at 4,391.46, while the Dow Jones Industrial Average dropped -117.59 points, -0.69 percent, to end the day under 17,000 at 16,906.62. CNNMoney tells MHProNews
ELS Edges Up; Nasdaq Leads Downward Charge in Today’s Trading Read More
MHProNews has learned from insurancejournal.com Charleston, South Carolina-based insurer Johnson & Johnson has named Cathy Parmley vice president of operations in charge of the company’s internal work flows and allocation of resources for commercial and personal lines. With 20 years of experience at the company, she mostly recently served as
Cathy Parmley Works with MH Insurance Read More
Following a story MHProNews last posted June 27, 2014 regarding the Millennial generation living with their parents, Harvard University’s Joint Center for Housing Studies reports the decline in homeownership rates among 25-34 year-olds fell nearly eight percent from 2004-2013. Similarly, among 35-45 year-olds the rate fell nine percent. Real median
Millennials on the Verge……. Read More
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financial results for Q2 2014 on Wed., Aug. 6, 2014 after the close of the market. A conference call discussion of the results will follow on Thurs., Aug. 7, 2014 at 10:00 AM, according to wsj.com. Killam is
Killam to Release 2nd Quarter Financials Read More
