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 National Association of Home Builders (NAHB) reports the Multifamily Production Index (MPI) fell slightly in the fourth quarter 2013 to 50, which means half of the builders saw the market as good and the other half as poor. The survey measures builders’ perceptions of three aspects of the market: …
Perception of Market by Multifamily Builders Falls Read More
MHProNews.com posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09 …
Following a story MHProNews.com posted Feb. 24, 2014 regarding assistance the state of Michigan is offering to repeat homebuyers, including those buying manufactured homes, we have been informed the Mi Next Home program offers $7,500 maximum assist, or four percent of the purchase price, whichever is lower. Northern Homes Executive …
More than 100 modular homes previously used by the U. S. military are now home to residents of the Apache Mescalero Reservation in New Mexico, where the lack of adequate housing has been a long-standing issue, according to ruidosonews.com. On March 7, at the invitation of tribal president Danny Brueninger, …
Military Modular Homes now Accommodate Apache Native Americans Read More
San Jose, California has the most manufactured-home communities in the state, 58 communities with nearly 11,000 homesites, according to mercurynews.com, and the owners of some in this Silicon Valley area will likely be tempted to convert their property to high-density, high-end housing. Of the 150 people who live in the …
Manufactured-home Community Surrounded by High-end Property Read More
Two of the three major indexes made modest gains in today’s trading despite good news from the housing market and solid earnings reports from several retailers, including Target, whose shares rose seven percent despite the drubbing it took after the recent security breach millions of its customers endured. The S&P …
Nobility Homes Gains over 4.5 percent as Three Major Indexes Move Little Read More
According to statistics released by the Department of Housing and Urban Development (HUD) and the Census Bureau, the National Association of Home Builders (NAHB) reports sales of newly-built single-family homes rose 9.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 468,000 units, marking the strongest pace since July …
The U. S. Senate Banking Committee leaders have made a housing finance overhaul bill one the committee’s top priorities, and ranking member Sen. Mike Crapo (R-ID) says he and Chairman Tim Johnson (D-SD) hope to produce their long-awaited housing bill by the end of March, according to POLITICO Pro. Sen. …
Updating a story MHProNews.com published Feb. 21, 2014 regarding U. S. Senate bill S 1828, Preserving Access to Manufactured Housing Act, introduced by Sen. Joe Donnelly (D-IN) Dec. 16, 2013, MHProNews.com has been informed Sen. John McCain (R-AZ) has signed on as a co-sponsor of the bill. A companion to …
In the late 1990s Wisconsin had a higher crash rate at intersections than the national average, motivating the state department of transportation to build European-style traffic circles, or roundabouts, on state and county roads, some 280 of them with another 90 planned. A state lawmaker has suggested the decision to …
According to cnynews.com, a new modular apartment building will be sited in Oneonta, New York for exclusive use by students at the SUNY (State University of New York) campus. Hillside Commons will offer one, two and three-bedroom apartments. MHProNews.com has learned the Oneonta Police Department has issued an alert that …
The Kilgore (Texas) City Council at its regular session will consider a request to change the zoning of property located east of the intersection of Peavine and Harvey Roads from commercial to single-family manufactured housing, according to news-journal.com. Kilgore is in northeast Texas, east of Dallas. MHProNews.com knows Texas is …
Applicant Requests Property be Rezoned for Manufactured Home Read More
Investors hit the pause button as investors took a breather, as the three major indexes ended up slightly lower in today’s trading. CNNMoney reports the Dow nudged down -27.48 points, -0.17 percent, to end the day at 16,179.66. The Nasdaq moved down -5.38 points, -0.13 percent, to finish at 4,287.59, …
Louisiana Pacific Gains the most, but Stocks mostly Quiet Read More
Entering the race for a county commission seat in Williams County, North Dakota, Jon Kreil says he wants to re-establish a sense of community, according to willistonherald.com. He has spent time on the Williston Affordable Housing Committee as it seeks to define affordable housing in an area where a 700 …
Commission Candidate wants more Manufactured Housing in North Dakota Read More
Modular home producer Commodore Corporation will close its manufacturing plant in Danville, Virginia at the end of April, according to wdbj7.com, costing 100 employees their jobs. MHProNews.com has learned operations will be moved to a newer facility in North Carolina. ## (Photo credit: wdbj7.com–Commodore Corporation modular homes in Danville, VA)
MHProNews.com has learned from newssun.com that residents of Tanglewood manufactured housing community in Sebring, Florida were instrumental in raising $65,100 during 17 events for cancer research as part of the Tanglewood Residents’ Cancer Benefit. The Feb. 18 Benefit Bash was held in Tanglewood’s clubhouse, sponsored in part by community owner …
Manufactured Home Community Residents Support Cancer Reseach Read More
Stock research firm Zacks has upgraded the stock of Universal Forest Products, Inc. (NASDAQ:UFPI) from a neutral rating to an outperform rating based upon its earnings per share of +$0.40 in Q4 2013 versus a loss of -$0.10 per share in the comparable quarter of 2012, as MHProNews.com reported Feb. …
In a commentary by MHProNews.com‘s publisher L. A. ‘Tony” Kovach, noting a recent advertisement by the Manufactured Housing Association for Regulatory Reform (MHARR) targeted to industry lenders who are members of the Manufactured Housing Institute (MHI) in an attempt to have them join MHARR, he alludes to a 1971 Pogo …
Pooling Resources for Manufactured Housing, or Pulling them Apart? Read More
Updating a story MHProNews.com last covered Jan. 14, 2014 regarding a subsidiary of Santee Modular Homes in Orangeburg County, South Carolina suing the county over a debris removal contract, the public works department had sufficient manpower for cleanup in the wake of the recent ice storm. The lawsuit asked for …
Following up on a story MHProNews.com posted Oct. 14, 2013 regarding a warehouse in Camden, New Jersey set to open as a modular housing factory with the promise of 1,000 jobs for inner city residents within 3-4 months, the building remains padlocked and applicants are discouraged. Camden mayoral candidate Amir …
