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.
At the April 22 meeting of the mayor and city council of Bastrop, Louisiana, council members discussed restrictions regarding the placement of manufactured and modular homes in the city, according to bastropenterprise.com. After agreeing that existing factory-built homes could be grandfathered in, City Attorney Doug Lawrence advised members of the […]
City Seeks Siting Ordinance for Factory-built Homes Read More
A private Chinese company has built ten stand alone homes in 24 hours, using a huge 3Dprinter and construction waste mixed with cement, according to gizmag.com. Suzhou-based construction materials firm Winsun creates cement/glass panels in a central factory and ships them to the site for assembly. MHProNews.com has learned the
3D Printer Cranks out Ten Homes in One Day Read More
A coalition of over two dozen conservative groups has sent a letter to the Senate Banking Committee urging members to oppose the Johnson-Crapo housing finance reform bill because they say the measure would lead to more government intervention in the mortgage market, increasing moral hazard and taxpayer risk. As nationalmortgagenews.com
Conservative Coalition Opposes Senate Housing Reform Measure Read More
The bears and bulls pulled the Dow Jones Industrial Average up and down all day (see graphic), leaving it basically unmoved at 16,501.65. The Nasdaq gained +21.37 points, +0.52 percent, to end the session at 4,148.35 while the S&P 500 modestly gained +3.22 points, +0.17 percent, to close at 1,878.61,
Skyline Rises, Dow Unmoved, Nasdaq and S&P Nudge up Read More
Chairman of Berkshire Hathaway billionaire investor Warren Buffett says his company may get involved in housing finance once Fannie Mae and Freddie Mac are out of the picture. Similar to what has been proposed in the Senate, he says the government should be the backstop of last resort in a
Buffett’s Berkshire may Finance Homes Read More
Patrick Industries, Inc. (PATK), producer and distributor of building and component parts to the manufactured housing (MH) and recreational vehicle markets, announces net sales for the first quarter of 2014 rose $28.0 million or 19.7%, to $170.1 million from $142.1 million in the comparable quarter of 2013. While 76 percent
Patrick Industries Releases Financials Read More
The National Association of Realtors (NAR) report existing home sales in the U. S. slipped 0.2 percent to a seasonally adjusted annual rate (SAAR) of 4.59 million in March, down from 4.60 million in February, and 7.5 percent lower than the 4.96 million for sale March 2013. As worldpropertychannel.com reports,
Existing Home Sales Fall from March 2013 Read More
Modular shipping containers comprise the Hive-Inn hotel concept designed by Hong Kong architects at OVA Studio, and each module can be removed without disturbing the surrounding rooms. As the photo shows, the concept presents valuable branding opportunities, which would allow a fan to stay in a Lexus suite or a
Plug-In Modular Homes Read More
Disappointing housing data and and reports of mixed earnings put a hiccup in investors’ throats, leading them to step back from the Big Board in today’s trading. The Dow Jones Industrial Average slipped -12.72 points, -0.08 percent, to close at 16,501.65. The Nasdaq slouched -34.49 points, -0.83 percent, to end
Drew Draws Up, Skyline Slips Read More
According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units for March. Based on data from the U. S. Department of Housing and Urban Development (HUD) and the Census Bureau, sales dropped 21.5
New Home Sales Drop in March Read More
Supplier of axles, tires and set-up materials to the manufactured housing industry, T.J.T., Inc. of Emmett, Idaho reports a net profit of $26,655 for the second fiscal quarter of 2014, $0.01 per diluted share, as compared to a net loss of $121,270 for the comparable period a year earlier. Net
Provider to Manufactured Housing Industry ups Revenue Read More
The annual Oxford, Maine Home Show begins Friday, April 25 along Route 26 with new manufactured and modular home models on display at Schiavi Home Builders, Turn Key Homes of Maine and Twin Town Homes. Billed as the largest show of its kind in New England, Norway Savings Bank, the
Factory-Built Home Show in Oxford, Maine Read More
Clayton Homes, Inc. of Maryville, Tennessee has embarked on an effort to encourage owners of older manufactured homes (MH) to trade their home for a new energy efficient MH and avoid potentially costly repairs to an older model. A Clayton Home Center representative will evaluate their current home and the
Clayton Wants Your Older Model Manufactured Home Read More
Target Logistics, a division of Algeco Scotsman, which already operates a dozen modular mancamps in North Dakota for oilfield workers, recently received an almost $30 million contract to provide accommodations for hundreds more oilfield workers in ND over the next three years. Some energy companies that have operated their own
Target on Target for another Modular Mancamp in the Bakken Read More
Founding father of the New Jersey Manufactured Housing Association Verdon R. Skipper, Burlington, New Jersey, passed away suddenly April 17, age 80. Verdon founded Pine View Terrace, a 55+ manufactured housing community in Browns Mills, NJ in 1966 , and it remains in the Skipper family to this day. In
Passages: Verdon R. Skipper Read More
Strong earnings coupled with mergers and acquisitions stimulated investors in today’s trading, spurring the three major indexes higher. The Dow Jones Industrial Average gained +65.12 points, +0.40 percent, to close at 16,514.37. The Nasdaq advanced +39.91 points, +0.97 percent, to end the session at 4,161.46 while the S&P 500 moved
Cavco Nudges up to Lead Tracked Stocks; Nasdaq Gains nearly One Percent Read More
Manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) in releasing its 2014 Q1 financials today, Tuesday, April 22, report revenues of $196.59 million, up from $183.78 million last year, and well above analysts expectations of $178.97 million. First-quarter funds from operations (FFO) rose to $71.4 million, $0.78 per share,
Revenues for Equity LifeStyle Properties Rises Read More
The Sleepy Hollow Mobile Home Park in Manteca, California, long a sore point in the community with squatters, alleged drug dealing and other nefarious activities going on, is being closed, and according to mantecabulletin.com, will reopen with new modular homes. The 21-site community was adequate and neighborly to some but
Land Lease Community Converting to Modular? Read More
While the Senate Banking Committee is scheduled to hold a markup of the Housing Finance Reform and Taxpayer Protection Act of 2014, which includes securitization for manufactured home loans through a new agency, there is concern over lack of support from liberal Democrats who want more affordable housing provisions. Some
Measure Favoring Manufactured Home Lending May be Stalled Read More
Following a story MHProNews.com last covered Dec. 17, 2013 regarding Forest City Ratner’s 32-story Atlantic Yards modular housing project in Brooklyn, New York, therealdeal.com reports the completion date of the B2 Tower has now been pushed back to late 2015, instead of June 2014. Shanghai-based Greenland Holding Group, which invested
Brooklyn’s B2 Modular Tower Delayed; City not Happy Read More
