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.
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
A tornado that touched down Monday, May 26, 30 miles southeast of Williston, North Dakota, where the population is mushrooming due to the oil boom, severely damaged 15 workforce housing units and injured nine people, one of them critically. The other eight were treated and released, according to kaaltv.com. William
North Dakota Tornado Damages Housing, Injures Nine Read More
Boulder County (Colorado) Commissioners gave final approval to a $7.25 million federal funding application for several housing assistance programs to help people impacted by last year’s devastating floods, according to timescall.com. Part of an overall $62.8 million Community Development Block Grant-Disaster Recovery award the U. S. Department of Housing has
Colorado County Seeks Federal Funds to Assist MH and Mod Residents Read More
MHProNews.com has learned from duncanbanner.com the Duncan City Council in south central Oklahoma approved a $6,450 contract with Flanigan Construction and Roofing to repair hail damage to the modular house at the water treatment plant. In other news, the city council also approved $19,000 in infrastructure support for a 40-unit
Oklahoma Town Repairing Modular Utility Building Read More
Owners of manufactured homes (MH) in Chenango County, New York may be eligible for assistance in making improvements to their homes. According to evesun.com, with 25 percent of county residents living in MH, the $400,000 grant could go a long way in helping people make repairs who otherwise could not
Grant will Help Residents Repair Manufactured Homes Read More
While Boston is undergoing a surge of residential construction, the majority are luxury rentals that go for $3,500 or more per month, according to bostonglobe.com. While only 22 percent of the 6,600 rental and ownership units across the city under construction are affordable to households earning between $50,000 and $100,000,
Affordable Modular Housing may Rise in Downtown Boston Read More
