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.
According to azcentral.com, the Chandler (Arizona) Planning and Zoning Commission has approved a modular building to be used at Chandler Municipal Airport by Quantum Helicopters. MHProNews was unable to immediately determine the size of the structure or the provider. ## (Photo credit: Ron Medvescek/arizonadailystar.com–modular containers)
Modular Unit to be Installed at Arizona Airport Read More
The Walterboro City Council in southern South Carolina had to amend a zoning ordinance in order to construct a modular detention facility where a portion of the old jail complex once stood. According to colletontoday.com, the zoning regulations in the Unified Development Ordinance allow a correctional facility to be built
Modular Correctional Facility to Proceed Read More
Stocks of Sears, Whirlpool and Fossil (known for watches and jewelry) fell in today’s trading as the three major indexes all posted a loss, with the Dow Jones Industrial Average falling -101.47 points, -0.61 percent, to close at 16,613.97, while tech-heavy Nasdaq lost -29.54 points, -0.72 percent, to end the
ELS Edges Up; LPX, Cavco, Drew, Patrick and UFPI Fall over 3 Percent Read More
Following a story MHProNews.com last posted Sept. 5, 2013 regarding a rejected proposal to use modular jail cells in Dutchess County, New York instead of paying other counties to house the overflow of prisoners, the state legislature voted $6.49 million to purchase and install modular “pods” as a temporary fix
Poughkeepsie, New York will Install Modular Jail Cells Read More
The founder of Republic Mobile Homes in Texas in the late 1960’s, Ralph Nattrass passed away at age 88 in Edmonton, Alberta, Canada April 30. An owner of communities, subdivisions and part owner of Republic-Henslee Manufacturing, he teamed with Frank and Marina Woody to start the current Republic group in
Passages: Ralph Nattrass Read More
The Board of Trustees of Garden City Community College in Garden City, Kansas voted unanimously to install nine modular student housing units on property adjacent to campus to accommodate incoming students, according to gctelegram.com. Eight of the modular units will each house eight students, and the ninth will be for
Board Approves Modular Housing for Students Read More
Manufactured housing community (MHC) owner Hometown America of Chicago has acquired age-restricted Saddlebrook Farms MHC in Grayslake, Illinois, an hour from the corporate office. The 700-acre community features nature preserves, wooded areas and over 100 acres of lakes stocked with fish, and the new owners intend to install a state-of-the-art
Hometown America adds Saddlebrook Farms to Portfolio Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports lower median prices and steady mortgage rates contributed to higher housing affordability in Q1 2014, rising from 64.7 percent of homes sold in Q4 2013 that were affordable to families earning the median income of $63,900, to
Housing Affordability Rises Slightly in First Quarter 2014 Read More
Retail sales, which account for one-third of consumer spending, rose only 0.1 percent in April, according to the Commerce Department, following an increase of 1.5 percent in March, which was the largest rise since March 2010. Furniture, electronic and appliance stores, as well as bars, restaurants and online retailers all
Consumer Spending Tepid in April Read More
The Dow Jones Industrial Average and the S&P both hit new highs, but settled down just below, as the Dow finished at 16,715.44 for the day, up +19.97 points, +0.12 percent, as CNNMoney tells MHProNews.com. The tech-heavy Nasdaq, however, slipped -13.69 points, -0.33 percent, to finish at 4,130.17, while the
Deer Valley Corp. Falls; Dow, S&P hit New Highs Read More
The Anson County Board of Commissioners in North Carolina has unanimously approved a conditional use permit to allow Davis Family Homes to locate a manufactured and modular home sales center in Peachland, in south central NC. Currently zoned R-20 residential, the variance will allow a change to HI, heavy industrial,
Property Rezoned for Manufactured, Modular Home Sales Read More
Responding to an article in the Clarion-Ledger newspaper in Jackson, Mississippi in which Mississippi Insurance Commissioner Mike Chaney says, “manufactured homes…are not built to any code,” Manufactured Housing Association for Regulatory Reform’s (MHARR) Danny Ghorbani strongly disputes that claim. He says, “Manufactured homes that are designed and built to be
Ghorbani Responds to Erroneous News Article about Manufactured Housing Read More
The Whitefish (Montana) City-County Planning Board, unable to conduct business last month because a quorum was not achieved, will consider a conditional-use permit request from the Whitefish Christian Academy to install four modular classrooms, MHProNews has learned. A growing student population will utilize the units until a permanent facility is
Christian Academy Requesting Modular Classrooms Read More
MHProNews.com has learned Newcastle Investment Corp. (NYSE:NCT) completed the sale of its manufactured housing portfolio that had a face amount of $222 million and was sold at 104 percent of par, $231 million. Part of the proceeds will go towards $152 million in debt expense, says businesswire.com. Newcastle received total
Newcastle Divests itself of Manufactured Housing Portfolio Read More
Following a story MHProNews posted April 29, 2014 regarding postponement of the mark up of the housing finance reform bill by the Senate Banking Committee, nationalmortgagenews.com reports the bipartisan legislation by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) will be voted on by the committee on Thursday, May 15.
Senate Panel to Vote on Johnson-Crapo Measure Read More
Writing in nationalmortgagenews.com, Brad Finklestein refutes the notion advanced by opponents that affordable housing caused the mortgage crisis. Borrowers in all income groups ran into problems, although those of more modest means got hit the hardest and likely have had a harder time recovering. But as MHProNews understands, the bottom
Affordable Housing Blocking Mortgage Reform? Read More
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
