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 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
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Department of Housing and Urban Development (HUD) has responded to a Freedom of Information Act (FOIA) request from Sept. 25, 2012 regarding HUD’s expansion of in-plant inspections. MHARR’s staff will pore over the more than one thousand pages to assess
HUD Responds to Freedom of Information Act Request by MHARR Read More
Thursday, May 1 is “Manufactured Housing Day” at the Puyallup RV Show in Puyallup, Washington sponsored by DeTray’s Custom Housing, Lakeview Meadows, Skyline Homes and Palm Harbor Homes. Promoted through the MHRV (Manufactured Homes Recreational Vehicles) Show Association, and running through Sunday, May 4, there will be seminars on financing
RV Show Opens with Manufactured Home Day Read More
G&I Homes, Inc. recently took over the former site of Serenity Housing Sales, Inc. in Ballston Spa, New York, joining the company’s other manufactured and modular home sales centers in Utica, Vernon, Brewerton, Whitney Point and Oneonta, according to uticaod.com. As MHProNews.com has learned, G&I has been in business 49
HUD Code, Modular Builder Expands Read More
Investors returned to the Big Board today, mildly interested following a long holiday weekend, pushing the three major indexes slightly higher in anticipation of hundreds of companies releasing their first quarter financials. The Dow Jones Industrial Average nudged up +40.71 points, +0.25 percent, to close at 16,449.25. The Nasdaq gained
Louisiana Pacific Adds Three Percent; Nasdaq Edges Up 26.00 Points Read More
Nathan Smith, Chairman of the Manufactured Housing Institute (MHI), tells MHProNews the MHI Government Relations staff, Jason Boehlert and Rick Robinson, have developed a new website to facilitate contacting members of Congress about issues, as well as to learn more about the various issues that impact the manufactured home industry.
MHI Develops Easy Congressional Advocacy Method Read More
Grand Rapids, Michigan-based modular home dealer Midway Homes is expanding back into the opening of a division selling recreational vehicles (RVs). In business since the 1950s, rvbusiness.com reports Midway did sell RVs at one time but moved into the manufactured and modular home business when RV sales declined. An open
HUD Code and Modular Home Seller adding RVs Read More
