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 three major indexes diverged in today’s trading, as the Dow Jones Industrial Average slipped and the Nasdaq and S&P nudged up slightly. The Dow dropped -16.31 points, -0.10 percent, to close at 16,408.54. The Nasdaq gained +9.29 points, +0.23 percent, to end the session at 4,095.52 while the S&P […]
Skyline Corp. Loses most of Yesterday’s Gains Read More
Updating a story MHProNews.com posted April 15, 2014 regarding a California court’s $15.3 million compensatory verdict against Equity LifeStyle Properties (ELS) brought by residents of California Hawaiian manufactured home community in San Jose, the same jury has awarded the plaintiffs $95.8 million in punitive damages. As regards the damage awards,
Equity LifeStyle Properties Hit with Additional $95.8 Million Damages Read More
Due to new state regulations that would have driven up the cost to operate the St. James Parish Youth Detention Center in Vacherie, Louisiana, the facility has been unused since June 30 of last year, and the Parish Council has put it up for sale for $2.5 million, according to
Former Detention Center may Become Modular Housing Read More
The National Association of Home Builders tells MHProNews.com housing starts rose 2.8 percent in March over February to a seasonally-adjusted annual rate (SAAR) of 946,000, up from 920,000 last month. According to statistics released by the Department of Housing and Urban Development (HUD) and the Census Bureau, single-family housing starts
Housing Starts Rise Modestly Read More
With turnaround times as low as four to six weeks, Palomar Modular Buildings of DeSoto, Texas is augmenting the supply of their most popular modular classroom buildings as school districts begin preparing for next year’s enrollment. Producing both permanent and temporary education facilities that can be customized to match existing
Modular Classroom Provider Ramping up Production Read More
A Queensland, Australia-based not-for-profit that specializes in legal matters dealing with senior welfare will provide free legal advice concerning rights and responsibilities under the Manufactured Homes Act of 2003, to older residents of manufactured housing communities (MHCs). Caxton Legal Centre will deliver the Queensland Government program, according to probonoaustralia.com.au, knowing
Free Legal Advice for Manufactured Home Community Residents Read More
According to Ned Fowler, the founder and executive director of the Northwest Regional Housing Authority, there are 8,100 manufactured homes (MH) in Wilkes County, North Carolina, and 5,500 are pre-1976 factory-built homes. At a meeting of city and county officials, Fowler said there are 2,502 renters and 2,380 owners in
Pre-HUD Code Homes in North Carolina becoming Dilapidated Read More
Patrick Industries, Inc., component supplier to the manufactured housing and recreational vehicle industries, will release its first quarter financials on Thursday, April 24, before the market opens. A conference call will be held later that morning at 10 AM, EDT to discuss the results, led by president and CEO Todd
Patrick Industries to Release Q1 Financial Results Read More
“Interest rates will likely stay at current levels for a considerable time after asset purchase program ends,” said Federal Reserve Chief Janet Yellen, when combined with positive earnings and economic data spurred the three major indexes to each gain one percent or more in today’s trading. The Dow Jones Industrial
Skyline Rises; Dow, Nasdaq and S&P like Fed Chief Yellen’s Comments Read More
Updating a story MHProNews.com last posted Dec. 11, 2013 regarding a new modular apartment building in New York city, the Manufactured Housing Institute (MHI) has received word from The Real Deal that winners of an affordable housing lottery to decide who will have the opportunity to live in the Stack,
Modular Apartment Winning Entrants to be Chosen in May Read More
A delegation from the Manufactured Housing Association for Regulatory Reform (MHARR) met for an hour on April 14 with Department of Housing and Urban Development (HUD) Assistant Secretary/Federal Housing Commissioner Carol Galante and newly-arrived HUD Manufactured Housing Program Administrator Pamela Danner, and other HUD officials, to push for full implementation
MHARR Meets with FHA’s Carol Galante and HUD’s Pamela Danner Read More
Hit hard by the foreclosure process and now trying to fight the ensuing blight, not to mention being embroiled in bankruptcy, Detroit is beginning to sell off some of the 16,000 homes it owns due to tax liens, according to cnnmoney.com. The opening bid for each home will be $1,000,
Detroit Auctioning 16,000 Abandoned Homes Read More
After a 17-year-old manufactured home (MH) was sited in Buffalo, Texas, two nearby property owners filed a complaint asking that the home be removed because it violated the city ordinance requiring MH to be eight years old or newer. At a workshop on the topic held April 14, 2014, the
Manufactured Home Siting Stirs Discussion Read More
Builder confidence in the market for newly built, single-family homes rose one point to 47 in April following a March reading of 46 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Based on a survey the NAHB has been utilizing for 30 years, the HMI
Builder Confidence Nudges Up One Point Read More
Harris Mobile Home Park in Nederland, Texas was rezoned from neighborhood retail commercial to manufactured home district, one step towards bringing the community into compliance with a new city ordinance that went into effect in 2010. As panews.com informs MHProNews.com, the city now requires all manufactured housing communities (MHCs) be
Rezoning Required for Manufactured Home Communities Read More
After falling in early trading to 16,075, the Dow Jones Industrial Average recovered some ground to close at 16,262.56, gaining +89.32 points, +0.55 percent. The Nasdaq gained 11.47 points, +0.29 percent to end the session at 4,034.16, while the S&P 500 moved up +12.37 points, +0.68 percent, to close at
Nobility Homes Slips, Patrick Industries and Sun Communities Gain Evenly Read More
Following a story MHProNews.com last posted Feb. 26, 2014 regarding a modular housing representative’s opposition to roundabouts on Iowa roads because semis hauling modular homes must take alternate routes due to a lack of maneuverable space, a roundabout will be built just west of Pinckneyville at the intersection of routes
Modular Shipments not affected by Roundabouts? Read More
Updating a story MHProNews posted Nov. 8, 2011 concerning the 1933 prefab Steel House from the campus of Connecticut College in New London, CT, the modular house was being shipped panel by panel to a facility in Pennsylvania to be restored and shined up. Affectionately called “Rusty” on the campus,
Steel Modular House Shines Anew Read More
A jury in Santa Clara County, California entered a verdict against real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (ELS) for $15.3 million in favor of current or former residents of the California Hawaiian manufactured home community (MHC) located in San Jose, California. Plaintiffs alleged ELS did not maintain
ELS Loses in California Court Case Read More
Southfield, Michigan-based Sun Communities, Inc. reports it will release its Q1 2014 financials April 30, prior to the opening of the market, followed by a conference call later that same morning at 11:00 AM eastern standard time to discuss the results, according to marketwatch.com. To participate call toll free 800
Sun to Release Q1 Financials Read More
