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 mideasttime.com, analysts at Wunderlich assumed coverage on real estate investment trust (REIT) UMH Properties, Inc., issuing a “hold rating” and a $10.00 price target on the stock. That target would indicate an increase of 1.21 percent over the previous close. The stock opened at $9.87 on Thurs., April […]
UMH Earns a “Hold” Rating Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews Gov. Terry McAuliffe of Virginia has appointed two new people as citizen members of the Virginia Manufactured Housing Board. Deputy Building Official for Martinsville, VA David C. Bridges, and Shawna J. Cheney, attorney at Blue Ridge Legal Services, will replace
Two New Members of Manufactured Housing Board Read More
While modular housing is picking up steam on Long Island, especially in the wake of Hurricane Sandy as people realize construction time savings, it is causing more steam among the building trades as modules arrive with electric, heating and plumbing systems already built in. Plumbers see their jobs limited to
Consternation arising from Modular Homes on Long Island Read More
According to nashobapublishing.com, the Wayside Community Association, Inc. has purchased its own community, Wayside Estates in Shirley, Massachusetts facilitated by Cooperative Development Institute (CDI), a part of Resident Owned Communities (ROC) USA, based in New Hampshire. Wayside has set up committees to oversee the upkeep of the 64-homesite community and
Massachusetts Community becomes Resident-owned Co-op Read More
Investors headed for the door in today’s trading following a big sell-off yesterday, April 10. The Dow Jones Industrial Average dropped -143.47 points, -0.89 percent, to end the week at 16,026.75, according to CNNMoney. The Nasdaq fell -1.34 percent, -54.38 points, to drop to 3,999.73, while the S&P lost -0.95
Skyline Corp. Slides; Nasdaq Loses over One Percent Read More
In honor of the 64th Anniversary of the New York Housing Association (NYHA), New York Governor Andrew M. Cuomo has proclaimed May 4-10, 2014 as New York Housing Association’s Factory-Built Home Days. The importance of factory-built housing can be seen in the thousands who continue to buy it, and in
Factory-Built Home Days Proclaimed in New York Read More
Under the Manufactured Home Construction and Safety Standards Act Reporting, the U. S. Department of Housing and Urban Development (HUD) seeks approval from the Office of Management and Budget (OMB) to place labels and notices on manufactured homes (MH) that the states and private entities must keep track of. As
HUD Seeks Approval from OMB Read More
Insurance claims adjusters need to understand that handling manufactured home claims are different than claims for other structures, something that novice claims adjusters do not always understand. According to claimsjournal.com, hands-on training is very effective as a teaching tool, leading adjusters to make better-informed decisions. Training includes flooding a manufactured
Hands-On Training for Manufactured Home Claims Adjusters Read More
Following a story MHProNews.com last posted Feb. 18, 2014 regarding legislation to streamline the titling of manufactured homes, the Virginia Manufactured and Modular Housing Association (VAMMHA) reports Gov. Terry McAuliffe has signed Senate Bill 356, which will also allow for the titling of homes severed from real property. The measure
Manufactured Housing Titling Legislation Signed by Governor McAuliffe Read More
The Esperance Chamber of Commerce and Industry in Australia is sponsoring its inaugural home and lifestyle expo in hopes of keeping local shoppers shopping locally, according to abc.net.au. The show is replete with vendors offering building and renovation supplies, as well as modular homes. The show is on Friday and
Modular Homes at Aussie Home Show Read More
A huge sell-off by investors sent the Big Board spiraling downward, as the Nasdaq fell -3.10 percent, -129.79 points, to drop to 4,054.11, and the Dow Jones Industrial Average lost -1.62 percent, -266.96 points, to end the day at 16,170.22. The S&P fell -2.09 percent, -39.1 points, to end its
Deer Valley Plummets 35 Percent; Dow, Nasdaq, S&P all Fall Sharply Read More
Expanding into the Southwest, LendSmart Mortgage has opened a branch in Scottsdale, Arizona to service the Colorado, California and Texas markets, as nationalmortgageprofessional.com informs MHProNews.com. The new lending center will offer conventional and specialty mortgages, including manufactured housing, and expects to write $25 million in loans by the end of
LendSmart Open to Manufactured Home Loans in Southwest Read More
The Anderson, Indiana City Council will consider a voluntary request for annexation from PAC Development LLC, which has agreed to extend water and sewer lines to the 66-acre parcel at its own expense. According to heraldbulletin.com, five acres of the land have been sold with an option to buy additional
Rumors Quelled about Manufactured Housing Community Read More
In an attempt to streamline services of the U. S. Rural Housing Service (RHS), administrator Tony Hernandez says the agency is automating the loan approval process and lenders are willing to pay $50 for each loan to cover the cost, reducing the RHS need to seek financial support from Congress.
Rural Housing Service Automating Loans Read More
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financials for the first quarter ending March 31, 2014 on Tuesday, May 6, 2014 after the market closes. A conference call to discuss the results will be held on Wednesday, May 7, at 9 AM EST. A live
Killam to Release Q1 Financials Read More
The release of minutes from March’s Federal Reserve meeting revealed most all of the members agreed getting rid of the 6.5 percent benchmark as an indicator for timing interest rate increases was a wise move. Investors interpreted that to mean interest rates will continue to remain low, which boosted all
Deer Valley Spikes, Patrick Jumps Up, Major Indexes Rise Solidly Read More
Triumph Modular of Littleton, Massachusetts received five Awards of Distinction from the Modular Building Institute at the World of Modular in San Antonio, Texas. Offering competition in over 30 categories for MBI members, the contest is the industry’s premier awards program. Triumph’s winners in the Permanent Modular Education category are
New England Modular Builder Takes Five Firsts Read More
With the goal of 15 percent of the housing in Carrboro, North Carolina to be in the affordable range by 2020, the Board of Aldermen held a roundtable discussion about a variety of possibilities. According to chapelboro.com, Alderperson Jacquelyn Gist, noting affordable doesn’t just mean just low mortgage rates, adds,
Manufactured Housing an Option to Increase Affordable Housing Read More
The one-hour reality competition series “American Dream Builders” will include Cavco Homes, Inc., (NASDAQ:CVCO) and Palm Harbor Homes in an upcoming episode to air on Sunday, April 13, on NBC. Hosted by renowned designer Nate Berkus, Cavco built modular homes they call Eco Cottages for one competition episode of the
Cavco Homes to have Modular Home on TV Design Competition Read More
A new website dedicated to inform consumers about manufactured homes has been launched by the Manufactured Housing Association of Atlantic Canada (mhaac.ca), according to thechronicleherald.ca. The non-profit member-driven organization features answers to consumers’ questions, provides a code of conduct that members agree to abide by, and offers a directory of
Website Dedicated to Manufactured Home Consumers Read More
