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.
Following a story MHProNews.com last posted March 31, 2014 regarding Twin Coach Estates manufactured housing community (MHC) in Lakeville, Massachusetts, southcoasttoday.com reports the residents will have to wait until next month to complete their cooperative purchase of the community. Lakeville is tied up in the estate of the late Wayne […]
Twin Coach Estates must Wait for Community to become Co-op Read More
In an urgent action alert, Manufactured Housing Institute (MHI) Chairman Nathan Smith says the Senate Banking Committee is set to take up housing finance reform on Tue., April 29, and Sen. Joe Manchin of West Virginia is expected to offer two amendments that would attach the provisions of the Preserving
Important and Urgent Message from MHI Chairman Nathan Smith Read More
All of the infrastructure at Port Edward manufactured home community (MHC) in Port Edward, British Columbia (BC) was originally installed in the 1960s and now needs to be upgraded, according to thenorthernview.com. The entire community will be fenced in from April 28 to around Oct. 31, with no vehicles allowed
Manufactured Home Community Disrupted by Infrastructure Replacement Read More
Florida’s Heritage Insurance Holdings, LLC is planning an initial public offering (IPO) that may result in it raising up to $100 million in new capital, as reported in a preliminary prospectus filed with the Securities and Exchange Commission (SEC). Providing insurance to 128,000 homeowners, the insurer did not disclose the
Insurer to Cover Manufactured Homes in Florida Read More
MHProNews.com reports the Meadowbrook Park manufactured housing community in Richmond, Maine was evacuated after the Richmond Utilities District turned off the water system because it was leaking, and shut down the sewer system to prevent raw sewage from leaking into a nearby stream. The state Manufactured Housing Board and local
Manufactured Housing Community Ordered Closed Read More
Tech stocks did a number on the numbers to end the week, pulling the tech-heavy Nasdaq down -1.75 percent, -72.78 points, to close at 4,075.76. The Dow Jones Industrial Average dropped -140.19, -0.85 percent, to finish at 16,361.46, while the S&P fell -15.21 points, -0.81 percent, to 1,863.40, as CNNMoney
Cavco Leads Downhill Charge, Followed by Patrick and Drew Read More
According to virtualpressoffice.com, the value of the U. S fracking fluid market grew from $18.4 billion in 2012 to $26 billion in 2013 and is expected to hit $37.3 billion in 2018. With the resurgence of domestic energy production across the nation, for the first time ever analysts say the
Modular Bedrooms for the Bakken Read More
Liberty Homes’ modular CentreBlock townhome display in Burnaby’s UniverCity neighborhood offers a contemporary, predominantly white kitchen with flashes of color on the countertops and the backsplash, according to theprovince.com of British Columbia, Canada. Designer Martie Knockaert says white never goes out of style because it can be combined with many
Liberty Homes Model Chosen for Display Read More
At the April 22 meeting of the mayor and city council of Bastrop, Louisiana, council members discussed restrictions regarding the placement of manufactured and modular homes in the city, according to bastropenterprise.com. After agreeing that existing factory-built homes could be grandfathered in, City Attorney Doug Lawrence advised members of the
City Seeks Siting Ordinance for Factory-built Homes Read More
A private Chinese company has built ten stand alone homes in 24 hours, using a huge 3Dprinter and construction waste mixed with cement, according to gizmag.com. Suzhou-based construction materials firm Winsun creates cement/glass panels in a central factory and ships them to the site for assembly. MHProNews.com has learned the
3D Printer Cranks out Ten Homes in One Day Read More
A coalition of over two dozen conservative groups has sent a letter to the Senate Banking Committee urging members to oppose the Johnson-Crapo housing finance reform bill because they say the measure would lead to more government intervention in the mortgage market, increasing moral hazard and taxpayer risk. As nationalmortgagenews.com
Conservative Coalition Opposes Senate Housing Reform Measure Read More
The bears and bulls pulled the Dow Jones Industrial Average up and down all day (see graphic), leaving it basically unmoved at 16,501.65. The Nasdaq gained +21.37 points, +0.52 percent, to end the session at 4,148.35 while the S&P 500 modestly gained +3.22 points, +0.17 percent, to close at 1,878.61,
Skyline Rises, Dow Unmoved, Nasdaq and S&P Nudge up Read More
Chairman of Berkshire Hathaway billionaire investor Warren Buffett says his company may get involved in housing finance once Fannie Mae and Freddie Mac are out of the picture. Similar to what has been proposed in the Senate, he says the government should be the backstop of last resort in a
Buffett’s Berkshire may Finance Homes Read More
Patrick Industries, Inc. (PATK), producer and distributor of building and component parts to the manufactured housing (MH) and recreational vehicle markets, announces net sales for the first quarter of 2014 rose $28.0 million or 19.7%, to $170.1 million from $142.1 million in the comparable quarter of 2013. While 76 percent
Patrick Industries Releases Financials Read More
The National Association of Realtors (NAR) report existing home sales in the U. S. slipped 0.2 percent to a seasonally adjusted annual rate (SAAR) of 4.59 million in March, down from 4.60 million in February, and 7.5 percent lower than the 4.96 million for sale March 2013. As worldpropertychannel.com reports,
Existing Home Sales Fall from March 2013 Read More
Modular shipping containers comprise the Hive-Inn hotel concept designed by Hong Kong architects at OVA Studio, and each module can be removed without disturbing the surrounding rooms. As the photo shows, the concept presents valuable branding opportunities, which would allow a fan to stay in a Lexus suite or a
Plug-In Modular Homes Read More
Disappointing housing data and and reports of mixed earnings put a hiccup in investors’ throats, leading them to step back from the Big Board in today’s trading. The Dow Jones Industrial Average slipped -12.72 points, -0.08 percent, to close at 16,501.65. The Nasdaq slouched -34.49 points, -0.83 percent, to end
Drew Draws Up, Skyline Slips Read More
According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units for March. Based on data from the U. S. Department of Housing and Urban Development (HUD) and the Census Bureau, sales dropped 21.5
New Home Sales Drop in March Read More
Supplier of axles, tires and set-up materials to the manufactured housing industry, T.J.T., Inc. of Emmett, Idaho reports a net profit of $26,655 for the second fiscal quarter of 2014, $0.01 per diluted share, as compared to a net loss of $121,270 for the comparable period a year earlier. Net
Provider to Manufactured Housing Industry ups Revenue Read More
The annual Oxford, Maine Home Show begins Friday, April 25 along Route 26 with new manufactured and modular home models on display at Schiavi Home Builders, Turn Key Homes of Maine and Twin Town Homes. Billed as the largest show of its kind in New England, Norway Savings Bank, the
Factory-Built Home Show in Oxford, Maine Read More
