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.
The Lincoln, North Dakota Planning and Zoning Commission has denied a request by Van Zeilstra of VCZ to develop a 200 home site manufactured housing community on the west side of town, according to bismarcktribune.com. Residents raised concerns about the added traffic, flooding and values of current nearby homes. MHProNews […]
North Dakota Planning Commission Refuses to Rule on Proposed MHC Read More
Although gains were modest across the board, the S&P managed to set another new high, now the sixteenth time this year, moving up to 1,927.88 after gaining +3.64 points, +0.19 percent. Meanwhile, the Dow Jones Industrial Average nudged up +15.19 points, +0.09 percent, to end the day at 16,737.53. The
AMG Nudges up, Sky line Drops again, S&P Hits another New High Read More
The city of George West, Texas, north of Corpus Christi issued a $2 million certificate of obligation to make infrastructure upgrades including a new police department building, street repairs and park and recreation improvements. Some of the funds were also used to purchase a modular home and four single-section manufactured
Texas Town Provides Factory-built Housing for City Workers Read More
In an ongoing effort to relocate victims of Hurricane Sandy along the New Jersey coast, a new low-cost modular home program for residents who cannot afford to rebuild has been announced by the Eatontown-based Affordable Housing Alliance. Eligible for federal funding, gmnews.com reports the Bayshore Bungalows would range from 700
New Modular Home Program for Sandy Victims Read More
Updating a story MHProNews published Aug. 13, 2013 regarding North Carolina-based Phoenix Housing Group (PHG) fraudulently selling over 1,000 manufactured and modular homes, several of the principals have been banned from the mortgage business and/or from the MH and modular industry, and fined, while others await sentencing. The charges involved
Fraudulent Manufactured and Modular Home Sellers Brought Down Read More
Statistics compiled by the U. S. Department of Housing and Urban Development (HUD) reveal production of manufactured homes rose from 5,313 homes in April 2013 to 5,653 homes in April 2014, a 6.4 percent increase. Cumulative production of HUD Code homes for 2014 has hit 19,318, compared to 18,173 for
HUD Code Homes Production Rises again in April Read More
U. S. Census Bureau statistics report only 36% of Americans under the age of 35 own a home, a drop from 42 percent in 2007, and the lowest level since 1982 when the Bureau began documenting the age of homebuyers, as MHProNews.com has learned. While 90 percent of Millennials would
Millennials: Content to Rent? Read More
Wall Street turned cold in trading today as all three indexes slipped despite the 0.7 percent increase in factory orders in April. The Dow Jones Industrial Average nudged down -21.29 points, -0.13 percent, to end the day at 16,722.34, while the Nasdaq fell -3.12 points, -0.07 percent, to close at
Patrick Edges Up, Skyline Falls; Dow, Nasdaq, S&P Slip Read More
Updating a story MHProNews.com last published May 7, 2014 regarding the owner of Meadowbrook Park manufactured housing community (MHC) in Richmond, Maine losing his license to operate because of ongoing water and sewage problems, new owner Rick Breton says he will spend $400,000 to upgrade the infrastructure and install 39
Meadowbrook Park MHC Reopens under new Ownership Read More
The St. Vincent de Paul Society of Lane County, Oregon purchased the 63-home site Oakridge Mobile Home Park in Oakridge, Oregon for $1.125 million, its fourth acquisition of a manufactured home community in ten years, according to registerguard.com. Aided by state and federal grants and a subsidized low-interest loan from
Non-profit Acquiring Manufactured Home Communities in Oregon Read More
Marcus & Millichap (NYSE:MMI) has arranged the $875,000 sale of 55 and older community Colonial Four RV in Zephyrhills, Florida from the owner/operator to a well-known sports figure. A mix of manufactured homes and seasonal recreational vehicle home sites, the community is set on five acres and has 57 rental
Sports Figure Invests in Florida MHC Read More
Cautious optimism surrounds the builders of manufactured and modular homes, according to ocala.com, as demand has led some producers to hire more employees and others to expand product lines. Christine Stump of Southern Structures, Inc. in Silver Springs Shores, Florida says before the housing bubble she and her husband had
HUD Code and Modular Homes Reviving in Ocala, Florida Read More
Stocks did not move much in trading on the first day of June, but it was enough for the Dow Jones Industrial Average to post its sixth record close of the year, and for the S&P Index to notch its 15th record high of 2014. The Nasdaq fell slightly, pulled
Dow, S&P hit new Highs; Affiliated Managers Group Edges Up Read More
Updating a story MHProNews last posted May 21, 2014 regarding Bluffton, South Carolina’s effort to replace aging pre-HUD Code units with new manufactured homes (MH), the initiative has stalled due to concerns from the planning commission over replacing the 59 MH with new homes, but without the usual architectural review
Plan to Replace pre-HUD Code Homes Hits Aesthetic Snag Read More
Following an article MHProNews posted May 28, 2014 regarding Boston Mayor Martin Walsh’s comment that more housing for those with moderate incomes needs to be available to maintain a healthy city, an editorial in bostonglobe.com begins by saying that many manufactured and modular homes are virtually “indistinguishable in looks and
Boston Globe Extols Manufactured and Modular Homes for City Read More
National brokerage firm Marcus & Millichap, Inc. (NYSE:MMI) has announced that its chief financial officer (CFO), Marty Louie, and Hessam Nadji, Senior Vice President and Chief Strategy Officer, will present at the William Blair 34th Annual Growth Stock Conference, to be held June 10-12, 2014 at the Four Seasons Hotel
Marcus & Millichap to Present at annual William Blair Conference Read More
Following a one percent spike in consumer spending in March, April saw a -0.1 percent decline, the first drop in spending in one year, according to the U.S. Commerce Department, as RVBusiness.com tells MHProNews.com. The surge in March marked the largest increase in four years. Consumer spending accounts for 70
Consumer Spending Falls for First Time in 12 Months Read More
Following a post MHProNews published Dec. 27, 2013 regarding the sales tax increase imposed on manufactured and modular homes in North Carolina that began Jan. 1, 2014, we have learned the N. C. House version of an omnibus tax bill reduces that levy, supported by Rep. Ken Goodman (D-Richmond). But
Bill to Reduce Tax on Factory-built Home Sales in Danger Read More
On the last trading day of the month the stock market finished flat, but the Nasdaq added about three percent for the month and the S&P, in addition to setting a new high, gained almost two percent in May. Today, CNNMoney informs MHProNews, the Dow Jones Industrial Average inched up
S&P Index Hits New High; ELS Edges up, while LPX slips Read More
The latest Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) reports production of apartments and condominiums rose three points in the first quarter to 53, marking the ninth consecutive quarter with a reading of 50 or above. The MPI is derived from three key elements
Multifamily Housing Production Rises Read More
