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.
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
Nigerian immigrant Emeka Onwugbenu (pronounced “eh-Meh-ka on-woo-Bay-nu”) arrived in Pittsburgh in 2002, and after graduating from Penn State with a degree in engineering and Carnegie Mellon University with an MBA, has become one of the most innovative developers in town in just four years. The American Institute of Architects (AIA)
Modular Development Garners Design Award for Nigerian Immigrant Read More
Following a story MHProNews posted May 21, 2014 regarding the city of Bluffton, South Carolina’s plan to replace aging pre-HUD Code homes with new modulars, the affordable housing committee intends to offer a final draft to the Bluffton Town Council next month. MHProNews has learned the 22 Small Home Series
Affordable Housing Plan calls for 22 New Modular Homes Read More
Following a story MHProNews published June 4, 2014 regarding the Lincoln (North Dakota) Planning Commission’s denial of a request to develop a 200 site manufactured housing community (MHC), the city council voted 2-0 to to approve rezoning for the project. Dave Patience, a civil engineer who presented the plan on
City Council Defies Planning Commission, Approves Zoning for 200 Site MHC Read More
U. S. employers added 217,000 jobs in May, continuing four months of significant job growth that now averages 234,000 for the past three months, although it is a drop from the 282,000 added in April. Following a slow start to the year, often blamed on the severe winter weather, the
Job Growth Continues in May Read More
All three major indexes got a boost of around one-half percent upon a better-than-expected jobs report from the U. S. Department of Labor this morning. The Dow Jones Industrial Average moved up +88.17 points, +0.52 percent, to end the week just below 17k at 16,924.28. The Nasdaq gained 25.17 points,
Nobility Homes Spikes; Dow, Nasdaq, S&P Advance Read More
The Pratt (Kansas) City Commission issued an ordinance that manufactured homes will not be allowed in the new 48-lot Sandy Creek housing subdivision, although modular homes can site there. MHProNews has learned Ordinance 0409 specifies requirements for homes in the development, and creates a new classification for residential areas, R-1A,
City Bans Manufactured Homes in New Subdivision Read More
Ritz-Craft Homes of North Carolina is celebrating its 750th home built since it began production at its Hamlet, North Carolina facility in 2005. According to yourdailyjournal.com, most of the modular homes go to coastal and mountain markets, with only eight to 12 remaining in Richmond County. Dale Dixon of Ritz-Craft
Ritz-Craft Commemorates 750th Modular Home Read More
Representing a net gain of nine metropolitan areas year-over-year, 56 returned to or exceeded their last normal levels of economic and housing activity out of 350 metros, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). Based on current permit, price and employment data, MHProNews
Economic and Housing Activity Remains at 88 Percent Read More
While housing experts and economists maintain the housing crisis is over, a survey conducted by the John D. and Catherine T. MacArthur Foundation in April reveals 51 percent of respondents believe the nation continues in the throes of the housing bust, and 19 percent believe the worst has yet to
Half of Americans Believe Housing Crisis has not Passed Read More
CoreLogic reports 312,000 more homes returned to positive equity in the first quarter of 2014, indicating 6.3 million homes remained underwater as of Q1 2014, compared to 6.6 million homes at the end of Q4, 2013, according to worldpropertychannel.com. In aggregate, the value of negative equity totaled $383.7 billion as
More Underwater Homes Return to Buoyancy in Q1 2014 Read More
Stocks rose after the European Central Bank set negative interest rates in order to fuel growth, driving the Dow Jones Industrial Average and the S&P to all new highs. The Dow moved up +98.58 points, +0.59 percent, to end the day at 16,836.11. The Nasdaq gained 44.59 points, +1.05 percent,
UFPI Gains, as Dow and S&P Set New Highs Read More
Bruce Ratner, executive chairman, and Maryanne Gilmartin, President and CEO, Forest City Ratner Companies (FCRC), are being honored for their longstanding commitment to New York City in recognition of their efforts to promote world-class design, architectural innovation and public art. As MHProNews has reported previously, FCRC is behind the 34-story
Developers of Large NYC Modular Apartment Complex to be Honored Read More
The Department of Housing and Urban Development published a final rule, ASSE 1070-2004, in the Federal Register that amends the Federal Manufactured Home Construction and Safety Standards by incorporating the correct reference standard for anti-scald devices designed for bathtubs and whirlpool tubs without showers in manufactured homes. A previous rule
HUD Publishes Final Rule on Water Temp Control in Manufactured Housing Read More
A teleconference meeting of the Manufactured Housing Consensus Committee (MHCC), which is open to the public, will be held June 26, 2014 from 1:00 PM to 4:00 PM. The number is 888 741 3106, Conference ID:54144750. As MHProNews understands this will be the first MHCC meeting led by the new
Meeting set for Manufactured Housing Consensus Committee Read More
Once involved in the tea business that his grandfather and namesake founded in 1894, these days 78 year-old John Murchie is on a quest to develop a modular home that he hopes will solve the housing shortage in underdeveloped countries. His grandfather developed Murchie’s Tea & Coffee company in Canada,
John Murchie: Modular Housing Missionary Read More
The National Modular Housing Council (NMHC) reports shipments of 2,874 modular homes for the first quarter of 2014, a drop of 2.1 percent over the same quarter 2013. Compared to Q1 2013, ten states saw increased shipments of modular homes while 24 states experienced reductions. For purposes of comparison, as
Modular Home Shipments Slip Read More
According to themortgagereports.com, Veterans Administration (VA) loans for buying a home through the Department of Veterans Affairs are often the least expensive route for homeownership for current and former U. S. military personnel. VA loans allow up to 100 percent financing with no required mortgage insurance and can be used
Manufactured Home Purchases Available for Military Veterans Read More
