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.
The Wisconsin State Legislature pushed thru sales tax breaks for three specific industries, according to the non-partisan Legislative Fiscal Bureau, as reported by beloitdailynews.com. One of them is the Wisconsin modular homes manufacturing industry, which will realize a savings totaling about $980,000 per year, MHProNews.com has learned. Without the tax […]
Sales Tax Removed from Wisconsin Produced Modular Homes Read More
Investors weighed in on the Big Board, kicking the week off swiftly as the Dow Jones Industrial Average steadily increased all day to close at a new high, 16,695.47, gaining +112.13 points, +0.68 percent. The tech-heavy Nasdaq posted a 71.99 point gain, +1.77 percent, to end the day at 4,143.86,
UFPI, Cavco Register Gains; Dow and S&P Post New Highs Read More
Since year one of the Obama administration, the number of businesses failing outnumber the businesses being created for the first time in recent memory, according to Ray Hennessey, writing in entrepreneur.com about data collected by the Brookings Institution. While Brookings does not point to any particular culprit, Hennessey says its
Brookings Institution reports Negative impact on Business Since 2008 Read More
Anchorage, Alaska’s comprehensive plan recognizes manufactured housing as an affordable option, but Anchorage 2020, as it’s called, does not protect manufactured housing communities (MHCs) from redevelopment, resulting in the loss of nearly 500 housing units since 2000. The replacement dwellings are less dense, and with the slowdown in production of
Affordable Housing Being Challenged in Anchorage Read More
The Manufactured Housing Institute (MHI) extends a welcome to the following new members this year: Advanced Distributor Products LLC Carefree Homes, Inc. CBRE National MHRV Team Mission Peak Capital Parkbridge Lifestyle Communities PayLease Pleasant Valley Homes, Inc. Purchasing Platform Steel Dynamic Structural Rail Division ##
New Members at the Manufactured Housing Institute Read More
MHProNews.com has been informed by the Manufactured Housing Institute (MHI) that the U. S. Department of Housing and Urban Development (HUD) has proposed to increase the label fee from $39 to $100 to help defray the program costs due to a reduction in production since the fee was last raised
HUD Raising Label Fee for Manufactured Housing to $100 Read More
The ReHome Oregon project has sited the first of what may be dozens of new manufactured homes (MH) to replace dilapidated, failing homes in Curry County where 604 of 3,876 MH are in poor condition. Recognizing the importance of social networking among the residents of the homes, officials did not
Oregon Replacing Old Manufactured Homes with New Ones Read More
The Manufactured Housing Institute (MHI) informs MHProNews.com the House Financial Services Committee adopted, by voice vote, the Preserving Access to Manufactured Housing Act (H.R. 1779). Although the measure will not be formally approved until a recorded vote is taken, which is expected to occur the week of May 19th, the
House Financial Services Committee Voice Votes “Yes” to H.R. 1779 Read More
The Dow Jones Industrial Average rose to a new all time high to end an up and down week on the Big Board. CNNMoney reports the Dow gained 32.37, +0.20 percent, to close at 16,583.34. The Nasdaq also ended the week on a positive note, gaining +20.37 points, +0.50 percent
Dow Hits New High; UMH Properties Edge up Read More
UMH Properties, Inc. reports total income for the first quarter of 2014 rose to $15,849,000 from $13,426,000 for the same period of 2013, resulting in income of $6,559,000 in 2014 over $5,695,000 in 2013, according to marketwatch.com. Based in Freehold, New Jersey, the company reports core funds from operations attributable
UMH Properties Reports Income Increase for First Quarter 2014 Read More
Killam Properties, Inc. of Halifax, Nova Scotia, Canada, in announcing its financials for Q1, 2014, reports while property revenue rose to $35,065,000 in 2014 from $33,249,000 in the same period of 2013, net operating income fell -3.0 percent from $18,166,000 in the first quarter of 2013 to $17,620,000 in the
Killam’s Earnings per Share Nudge down in First Quarter 2014 Read More
Electric Cooperatives of Arkansas is sponsoring their annual Energy Efficient Makeover Contest for an Arkansas electric cooperative member who owns an all electric manufactured home. Valued at up to $50,000, contestants must be a member of the cooperative in good standing, submit an image of their manufactured home and answer
$50,000 Energy Efficiency Upgrade Awaits Manufactured Home Resident Read More
The Senate’s Johnson Crapo measure to reform housing finance and eliminate Fannie Mae and Freddie Mac was scheduled to be marked up at the end of April, as MHProNews reported April 29, 2014, but was held up so the bill could pick up steam and garner more support. Instead, the
Mark-Up of Senate’s Johnson Crapo Housing Finance Reform—DOA? Read More
RealtyTrac reports for the first three months of 2014, 43 percent of all home sales were cash deals, up 19 percent from a year ago, and the highest level since the analysis company began tracking cash sales in early 2011. Cash buyers are more attractive to sellers due to quicker
Cash Sales for Homes Increase 19 Percent Read More
The Dow Jones Industrial Average rose initially following Fed Head Janet Yellen’s remarks to the Senate, but settled back to a modest gain of 32.43 points, +0.20 percent in today’s trading to close at 16,550.97. The tech-heavy Nasdaq slipped -16.17 points, -0.40 percent, to end the day at 4,051.50, while
Dow Posts Modest Gain; Patrick Industries Drops 3.39% Read More
The National Association of Home Builders (NAHB) reports their most recent single-family 55+ Housing Market Index (HMI) is up the first quarter of 2014 to 50, the highest Q1 reading since the survey of builders’ confidence began in 2008. It is also the tenth consecutive quarter of year over year
Builder Confidences Rises for 55+ Market Read More
Writing in the Opinionator section of The New York Times, Andrea Levere says 18 million people with an average median income of $30,000 live in factory-built housing, making it the largest source of unsubsidized affordable housing in the U. S. Although over 70 percent own their own homes, most who
New York Measure Seeks Financing Parity for MH and Site-built Read More
In a split vote, the Neighborhood Conservation District Committee (NCDC) of New Orleans approved the demolition of two houses on the campus of the Lusher Charter School to be replaced with temporary modular units for student housing. MHProNews.com has been informed the site would then become green space. One committee
Big Easy will see Modular Student Housing Read More
Federal Reserve Chair Janet Yellen is optimistic about the U. S. economy as a whole, but expresses caution about the housing market, noting it has been a key part of the recovery since 2011 but has fallen short this year, according to CNNMoney.com. Noting that warmer weather may not be
Federal Reserve’s Janet Yellen Concerned about Housing Market Read More
Mike Taylor of Pacific Manufactured Homes in Beaumont, California says the mix of those buying manufactured homes is shifting from first-time buyers to vacation or second-home buyers and to people downsizing who may be looking to retire. The California Manufactured Housing Institute (CMHI) reports 70 percent of the sales are
Manufactured Home Sales Rising in California Read More
