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.
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
Mayor Senna Mosley and the Board of Aldermen of La Vergne, Tennessee voted 4-1 requiring all new homes to be built with a sprinkler system, according to dnj.com. The daughter, granddaughter, wife and mother of firefighters, Mosley, recalling seeing roofs fall on her father as a child, says, “ I
Manufactured and Modular Housing Exempt from Sprinklers Read More
In a story MHProNews last covered May 19, 2014 regarding the opening of the modular The Stack, the 28-unit apartment building in the Inwood section of New York City, we have learned the 56 modules were made by DeLuxe Building Systems in Pennsylvania and trucked to the site. The units
NYC Modular Apartments Will Take First Tenants in June Read More
For the second straight month, pending home sales rose in April to 97.8 from 97.4, according to the National Association of Realtors (NAR) Pending Home Sales Index (PHSI), an indicator based on signed contracts., reports worldpropertychannel.com. Although the index is 9.2 percent below April 2013, NAR Chief Economist Lawrence Yun
Pending Home Sales Rise 0.3 Percent Read More
A Delaware-based titanium company plans to move 75 percent of its manufacturing from China to a facility in Sequim, Washington, northwest of Seattle, according to peninsuladailynews.com. The 5.5 acre site contains a warehouse and a manufactured home where the sales staff of Allied Titanium, Inc. is currently operating. The company
Sales Staff for Titanium Company Works from Manufactured Home Read More
Hocking County (Ohio) Treasurer Diane Sargent reports the 2014 manufactured home tax statements have been mailed with a return due date of July 31, 2014, according to logandaily.com. Mail received with a cancellation date of the due date will be accepted without penalty; those postmarked/received after July 31 may be
Manufactured Home Taxes Mailed out Read More
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
