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.
President Barack Obama is moving Secretary of Housing and Urban Development (HUD) Shaun Donavan to be the Budget Director, and will nominate San Antonio Mayor Julian Castro to replace him. Now in his third term as mayor, Castro has focused on revitalizing the city’s urban core through a series of […]
Mayor Julian Castro to Lead the Department of Housing and Urban Development Read More
Thomas Brown, writing on bankstocks.com, reports the Consumer Financial Protection Bureau (CFPB) has jettisoned its personnel review board because on a 1-5 scale whites outscored Latinos who outscored blacks, so it will solve the inequality by paying everyone as a five. As Brown says, “This is no way to run
Did the CFPB Fail its Own “Disparate Impact” Test? Read More
The topic at the Camarillo (Calif.) City Council turned to rent control as requested by residents of the Lamplighter Mobile Home Park because of their grievances against the owner, Irvine-based Investment Property Group (IPG). Members of the 227 homesite community say the swimming pool area is not kept up and
City Refuses Request to Adopt Rent Control in MHCs Read More
The U S. Department of Housing and Urban Development (HUD) has awarded $40 million in grants to hundreds of housing counseling agencies across the country to assist low and moderate-income families improve their housing conditions. According to housingwire.com, HUD expects the grants to help 1.5 million families make informed decisions
HUD Grant Will Provide Housing Counseling Read More
An ad in The Wall Street Journal advertises a modular home manufacturing company with three plants totaling 260,000 square feet capable of generating $100 million in annual revenue for sale. According to woodworkingnetwork.com, the three facilities turn out modular and panelized homes as well as “building components.” Claiming it is
Unknown Modular Housing Firm on the Block Read More
A British Columbia, Canada modular company is converting shipping containers into workforce housing for liquified natural gas (lng) workers in far northern BC near the Alaska line. The thousands of workers expected for the developing lng industry will be welcomed with flat screen TVs, computer workstations, floor-to-ceiling windows, air conditioning
Modular Shipping Containers will House Gas Exploration Workers Read More
The Dow Jones Industrial Average rose modestly +10.02 points, +0.06 percent, to end the day at 16,543.08, while the Nasdaq gained +22.80 points, +0.55 percent to end the day at 4,154.34. CNNMoney informs MHProNews.com the S&P flirted with a new high but eventually settled with a gain of gain +4.46
Cavco Posts 4.10 percent Gain; S&P Flirts with New High Read More
Following up on a post MHProNews.com published Feb. 19, 2014 concerning a modular housing project aimed at singles in London, England in need of affordable accommodations, the 100 square foot modular cube costs around $50,000 to build and can be rented for $235 a week—two-thirds less than the going rate.
London Modular Housing on the Move Read More
The U. S. House of Representatives Financial Services Committee passed the bipartisan Preserving Access to Manufactured Housing Act (H.R. 1779) which protects the ability of manufactured home (MH) consumers to buy, sell and refinance affordable manufactured homes. The measure would alter the Dodd-Frank Act in addressing criteria by which MH
House Financial Services Committee Passes H.R. 1779 Read More
Updating a story MHProNews.com posted April 7, 2014 regarding a modular eight-unit affordable housing project in St. Helena, California, the napavalleyegister.com tells us Calistoga Affordable Housing (CAH) still needs to raise $681,000. The project is too small to compete for affordable housing grants. Projected rents are $1,000 for a two-bedroom,
Modular Housing on Hold: Funding Short, Lawsuit Outcome Unclear Read More
Following a story MHProNews.com last reported April 17, 2014 regarding the disposition of a modular juvenile detention center on the banks of the Mississippi River in Vacherie, Louisiana, the St. James Parish Council voted to reduce the price from $2.5 million to $1.87 million. State law requires the building must
Modular Juvenile Center Still Seeking Buyer Read More
Updating a story MHProNews.com last posted Nov. 22, 2013 regarding Garden Homes Management’s eight-year effort to develop a 113-site affordable manufactured housing community (MHC) in Oxford, Connecticut, the Planning and Zoning Commission denied the application for a second time, according to voicesnews.com. The Inland Wetlands Commission has also turned down
End of the Road for 8 Year Manufactured Home Community Proposal? Read More
Nicholas Retsinas, director emeritus of Harvard University’s Joint Center for Housing Studies and senior lecturer in real estate at Harvard Business School, has been elected chairman of the board of the Community Development Trust (CDT), the country’s first and largest private real estate investment trust (REIT) which provides capital for
Community Development Trust Elects Retsinas Chairman Read More
Stocks galloped out of the paddock at the opening bell and continued their steady climb to the finish line as the Dow Jones Industrial Average rose 158.75 points, +0.97 percent, to end the day at 16,533.06, while the Nasdaq gained +34.65 points, +0.85 percent to end the day at 4,131.54.
Deer Valley, Nobility Spike; Dow Gains Nearly One Percent Read More
The California Manufactured Housing Institute (CMHI) informs MHProNews.com 70 percent of manufactured home sales there are not starter homes but rather second homes or people downsizing to an aging in place residence. Increasingly, people are paying in cash, and, according to CMHI President Jess Maxcy, the trend towards the higher-end
Manufactured Home Sales Rise 24 Percent in California Read More
Noting the high pace of multifamily housing starts for April, 2014, as MHProNews reported here May 16, 2014, Ted Wieseman of Morgan Stanley says tight mortgage credit will propel new household formation into the rental market and multifamily housing starts will be well above the historical average. The newsletter from
Multifamily Starts Responds to Rental Market Demand Read More
Following a story we last posted May 16, 2014 regarding 24 affordable modular homes Bluffton, South Carolina will use to replace aging pre-HUD Code homes, the 2015 $19.64 million budget will need an added $100,000 as seed money towards that initiative, as proposed. According to thestate.com, Town Manager Anthony Barrett
City Garnering Funds for Affordable Modular Housing Read More
Recalling a story MHProNews last posted Jan. 17, 2014 regarding the addition of kindergarten classes to Clayton-Bradley Academy on the grounds of the headquarters of Clayton Homes in Maryville, Tennessee, thedailytimes.com reports pre-school classes have been added, and applications are now being taken for the fall. Children must be four
Clayton-Bradley Academy Growing Quicker than Expected Read More
MHProNews.com has learned from RVBusiness.com that Lippert Components of Elkhart County, Indiana reports it now has the capability through its Howe, Indiana facility to offer custom chassis for manufactured homes as well as to build any steel storage rack, carrier, frame or trailer. Chuck Bell, LCI vice president of chassis
Lippert Offers Custom MH Chassis Read More
News that traditional retailers are suffering in the sales column drove the Dow Jones Industrial Average down -137.55, -0.83 percentage, to end the trading day at 16,374.31, while the Nasdaq fell -0.70 percent, -28.93 points, to close at 4,096.89. CNNMoney informs MHProNews.com the S&P lost -12.25 points, -0.65 percent, to
Nobility Homes Gains, UFPI Falls, Dow Drops 137 Points Read More
