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.
Specializing in modular units for industry, business, education and health facilities, Ellis Modular is now pursuing federal contracts through the General Services Administration. “The opportunity to service government accounts opens up significantly more markets throughout the region as our goal continues to be to expand our modular solutions business,” states […]
Ellis Modular Seeking Government Contracts Read More
On July 22, 2013 MHProNews.com covered a story from Midland, Texas where the Midland Independent School District (MISD) had plans to buy modular housing for staff because the Eagle Shale energy exploration in the southwest part of the state was gobbling up housing resources. In nearby Odessa, a one-bedroom unfurnished
Texas School District Acquiring Modular and Manufactured Housing Read More
Franklin County (Missouri) Planning Director Scottie Eagen reports her office has been getting complaints of people living in tents, travel trailers and recreational vehicles as their primary residence in an attempt to skirt residency rules. A new ordinance has banned that practice, as cbslocal.com informs MHProNews.com, and violators could be
Missouri County Bans Living in Transitory “Homes” Read More
The day kicked off with the Dow Jones Industrial Average plunging below the 16,400 mark, but rising steadily throughout the day to close at 16,530.55, adding +17.66 points, +0.11 percent. MHProNews learned from CNNMoney the Nasdaq also moved up, gaining +14.16 points, +0.34 percent, to close at 4,138.06. while the
Sun Communities Edges Up, while Skyline Corp. Moves Lower Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports figures released by the U. S. Department of Housing and Urban Development (HUD) reveal the production of manufactured homes in March 2014 rose 9.6 percent over the same period of 2013, from 4,467 homes to 4,899. Cumulative industry production for the
Manufactured Housing Industry Production Continues Rising Read More
While Berkshire Hathaway, Inc. (NYSE:BRKA) says its profit for the first quarter 2014 slipped nearly four percent from last year, at the same time its revenues shot up about the same amount. First quarter earnings hit $4.71 billion this past quarter versus $4.89 billion for the same period last year.
Berkshire Hathaway: Q1 2014 Revenues Up, Profit Down Read More
Updating a story we last posted May 1, 2014 regarding the temporary closing of Meadowbrook Park manufactured housing community due to water and sewage problems in Richmond, Maine, MHProNews.com has learned owner Russ Edwards claims he has no income from the community and could not afford repairs. He alleges former
Manufactured Housing Board may Impose Sanctions, Fines for Septic Leak Read More
Sixteen high school students and their carpentry teacher from a program begun at Walter W. Brown High School in Langham, Saskatchewan, Canada constructed a modular building that will provide housing for four low-income families in Saskatoon. The students constructed all of the 660 square foot units in eight months, from
Students Build Modular Housing for Habitat for Humanity Read More
In an urgent action alert from the Manufactured Housing Institute (MHI), Chairman Nathan Smith reports the House Financial Services Committee will consider HR 1779, the Preserving Access to Manufactured Housing Act, on Wednesday, May 7. Last week he was urging recipients to contact their senators regarding a concurrent measure in
Chairman Smith: Contact your U. S. Representative for Support of HR 1779 Read More
According to wilmingtonbiz.com in North Carolina, Charlotte-based Properties of Assurance LLC has closed on its acquisition of two manufactured housing communities in the Wilmington, NC area. Bavarian Pointe, a 22-homesite community and 48-homesite Carolina Pines were purchased from Freedom Property Investors LLC for an undisclosed price. MHProNews.com has learned the
Two Manufactured Home Communities Change Hands Read More
Despite a stronger than anticipated jobs report for April and a drop in the unemployment rate, the three major indexes all ended the week slightly in the red. The Dow Jones Industrial Average dropped -45.98 points, -0.28 percent, to end the day at 16,512.89, while the Nasdaq dropped minimally, losing
Deer Valley Advances 7.69 %; Dow, Nasdaq, S&P Slip Read More
Reporting on the RV/MH Heritage Foundation in Elkhart, Indiana, Hall of Fame President Darryl Searer says, “From August 1, 2013 through April 30, 2014, the Foundation has made significant improvements in its financial obligations and has made some major changes in its display area, gift shop and exhibitor booth area.”
Finances for RV/MH Hall of Fame Museum Improve Read More
Next Step Homes is the factory-built home distribution channel for parent company Next Step Network, which mobilizes nonprofit resources to provide affordable and ENERGY STAR homes for low income residents across the nation. Next Step couples its 25 nonprofit community housing development organizations with heavy hitters in the factory-built housing
Private, Public Alliance Provides Efficient Factory-built Homes to Low Income Americans Read More
Mission Trails Mobile Home Park in San Antonio, Texas may be closed to make way for a $75 million luxury riverfront apartment development, displacing some 200 residents who complain they discovered by accident about the possible sale and rezoning of their community when a resident happened to spot a rezoning
Manufactured Home Community Set to be Repurposed Read More
Updating a story MHProNews.com last reported on March 25, 2014 regarding the Life O’Riley Mobile Home Park in Lansing, Michigan condemned because of unsanitary conditions, State Representative Andy Schor introduced Bill 5513 to give local leaders more clout in dealing with problems at manufactured housing communities (MHCs). Lansing city officials
Measure would Empower Local Officials over Land Lease Communities Read More
Government-sponsored enterprise (GSE) Freddie Mac will begin purchasing and securitizing manufactured housing loans immediately, according to John Cannon, senior vice-president of the multifamily division. As globest.com informs MHProNews.com, Freddie sees manufactured homes as key to affordable housing. Cannon says, “It broadens our geographic footprint and creates a more balanced approach.”##
Freddie Mac Moves into Manufactured Homes Read More
Members of the manufactured and modular housing industries gathered at the 2014 National Expo and Congress for the National Industry Awards luncheon to honor those individuals and companies for outstanding achievements, as MHPronews has learned: Land Lease Community of the Year Awards (Northeast/Mid-Atlantic) – The Fairways at Mays Landing, Mays
National Award Winners Honored at MHI Expo Read More
Rebounding social networking stocks propped up the Nasdaq into positive territory in today’s trading, adding +12.89 points, +0.31 percent, to close at 4,127.45, according to CNNMoney. Other investors are playing hooky, anticipating the jobs report tomorrow, as the Dow Jones Industrial Average dropped -21.97 points, -0.13 percent, to end the
Patrick Industries Spike; Dow, S&P Slip Read More
Drew Industries, Inc. (DW) reports net sales in the first quarter of 2014 at $285 million, a 13 percent increase over the same period 2013, due to a 16 percent sales increase in the company’s recreational vehicle (RV) division. Net income nearly doubled from $8.4 million in the first quarter
Drew’s Sales, Profits Rise in Q1 Read More
The Cottonport (Louisiana) Town Council is being asked to change the ordinance that governs the distance between a manufactured home (MH) and the property line, according to avoyellestoday.com. Keith Ducote says more people are buying multi-section homes and the current ordinance should be changed from 25 feet to 20 feet
Change Requested for Siting Multi-section Manufactured Homes Read More
