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.
Russell Kellett, writing in Great Britain’s cnplus.co, says offsite manufacturing is the wave of the future for building because it’s more cost-effective, sustainable, delivered faster and of higher quality. Noting that minimizing production on site takes away many risks, he says, “The automated factory process allows you to calculate materials […]
Brit says Offsite Construction is More Efficient Read More
Although the U. S. economy shrank one percent in the first quarter of the year, economists depict other factors that say the economy is improving, such as the sharp drop in unemployment claims for last week, falling to its lowest point since 2007. Investors, betting the economy is improving, pushed
S&P 500 Hits New High; Affiliated Managers Group Edges Up Read More
Following a story MHProNews.com first posted May 9, 2014 regarding an energy efficiency makeover contest for an all-electric manufactured home sponsored by Electric Cooperatives of Arkansas, we have learned the homes have to be at least 320 square feet, permanently anchored and owner-occupied by a consumer member of one of
Energy Makeover for AR Manufactured Homes Contest on Track Read More
A dollar invested in Patrick Industries, Inc. (NASDAQ:PATK) in 2008 would be worth $45 to the investor by the end of 2013, according to motleyfool.com. Headquartered in Elkhart County, Indiana, Patrick produces and distributes a wide range of products to the manufactured housing (MH) and recreational vehicle (RV) markets. The
Patrick Industries Increases Content per RV Unit 27% Read More
The latest compliance report released by the Office of Mortgage Settlement Oversight reveals Green Tree Servicing failed eight of the settlements 29 metrics for mortgage servicing, according to housingwire.com. Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and Ocwen each passed all 29 metrics. If Green Tree does not quickly
Green Tree could Face Fines if Mortgage Servicing not Corrected Read More
Chairman of the National Association of Home Builders (NAHB) Kevin Kelley, said the following about Shaun Donovan, who is stepping down as director of the U. S. Department of Housing and Urban Development (HUD): “On behalf of the nation’s home builders and the former NAHB chairmen who worked closely with
NAHB Chairman Lauds Secretary Shaun Donovan for his Leadership Read More
According to jaxdailyrecord.com, the proposed plans for the new sanctuary for Mary, Queen of Heaven Catholic Church will require the removal of modular buildings at its Southwest Jacksonville property. As MHPronews has learned, the church was formed in 1989 and added the modular buildings in 1990. The Diocese of St.
Modular Buildings have Served the Church since 1990 Read More
The Dow Jones Industrial Average fell after the opening bell, rose to near 16,680 at 3:00 PM only to fall back to 16,633.18 at the close, losing -42.32 points, -0.25 percent. CNNMoney informs MHProNews the Nasdaq dropped -11.99 points, -0.28 percent, to finish at 4,225.08, while the S&P flirted with
Nobility Homes Falls 5.38%, as most Tracked Stocks Slip in Today’s Trading Read More
A tornado that touched down Monday, May 26, 30 miles southeast of Williston, North Dakota, where the population is mushrooming due to the oil boom, severely damaged 15 workforce housing units and injured nine people, one of them critically. The other eight were treated and released, according to kaaltv.com. William
North Dakota Tornado Damages Housing, Injures Nine Read More
Boulder County (Colorado) Commissioners gave final approval to a $7.25 million federal funding application for several housing assistance programs to help people impacted by last year’s devastating floods, according to timescall.com. Part of an overall $62.8 million Community Development Block Grant-Disaster Recovery award the U. S. Department of Housing has
Colorado County Seeks Federal Funds to Assist MH and Mod Residents Read More
MHProNews.com has learned from duncanbanner.com the Duncan City Council in south central Oklahoma approved a $6,450 contract with Flanigan Construction and Roofing to repair hail damage to the modular house at the water treatment plant. In other news, the city council also approved $19,000 in infrastructure support for a 40-unit
Oklahoma Town Repairing Modular Utility Building Read More
Owners of manufactured homes (MH) in Chenango County, New York may be eligible for assistance in making improvements to their homes. According to evesun.com, with 25 percent of county residents living in MH, the $400,000 grant could go a long way in helping people make repairs who otherwise could not
Grant will Help Residents Repair Manufactured Homes Read More
While Boston is undergoing a surge of residential construction, the majority are luxury rentals that go for $3,500 or more per month, according to bostonglobe.com. While only 22 percent of the 6,600 rental and ownership units across the city under construction are affordable to households earning between $50,000 and $100,000,
Affordable Modular Housing may Rise in Downtown Boston Read More
Investors roared back from their holiday weekend in a good mood as the S&P set a new record, closing at 1,911.91, up +11.38 points, +0.60 percent, while the Dow Jones Industrial Average landed at 16,675.50, +69.23 points, +0.42 percent, as it approached its record 16,715.4. CNNMoney informs MHProNews the Nasdaq
S&P Sets New High; Louisiana Pacific Edges up the Most Read More
Plans are afoot in Thief River Falls, Minnesota to convert a seven-acre plot into 29 single-family modular homes, providing the city can find a developer. In order to qualify for a Minnesota Housing Finance Agency grant, the city has to have an option to buy a specific property, and would
29 Affordable Modular Homes on the Horizon in Minnesota Read More
A proposed 100-homesite manufactured housing community in Australia is running into stiff opposition from the surrounding community, with over 100 complaint letters received about increased traffic, pedestrian safety, flooding problems and social impacts, according to newcastlestar.com.au. Dismissing resident concerns that it would look like a “tin hut community,” David Hughes,
Neighbors Object to Proposed Manufactured Home Community Down Under Read More
CoreLogic Case-Shiller informs MHProNews single-family homes prices rose in every Chicago-area zip code last year for the first time since 2006, led by the Mount Greenwood neighborhood–60655–on the South Side at 16.5 percent, followed by Morgan Park–60643– with 15.9 percent. At the other end of the spectrum Joliet–60432– notched the
Single-family Home Prices Rise in Chicago Read More
Calling it the “best kept secret in America,” Sheri Koones understands the precision that goes into the manufacture of every factory-built home and especially appreciates the sustainability of its energy-saving features. The author of five books on prefabricated housing, she delineates between the pre-HUD Code homes and the manufactured and
Board for Board, Factory-Built Housing Shines Read More
At its annual stockholders meeting Thursday, May 22, 2014, Patrick Industries, Inc. of Elkhart, Indiana said in a filing with the U. S. Securities and Exchange Commission (SEC) the following were named to the board of directors: Terrence D. Brennan, Joseph M. Cerulli, Todd M. Cleveland, John A. Forbes, Paul
Patrick Industries Files Shareholder Selections with SEC Read More
According to pacificnewscenter.com, included in Guam’s Gov. Eddie Calvo’s 2014 State of the Island address is construction of transitional housing to accommodate up to 15 homeless households composed of adults only. With funding from the public health department, the Guam Housing Corporation (GHC) is leading the effort to find appropriate
Modular Housing on Tap for Homeless in Guam Read More
