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 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
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
