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 McCook (Nebraska) City Council approved a request for Robert and Sharon Harvey to purchase two city-owned lots for $5,000 in order to site their manufactured home near the Red Willow County Fairgrounds, according to mccookgazette.com. McCook is in south central Nebraska very near the Kansas border, MHProNews.com has learned. […]
City Council Approves Siting of Manufactured Home Read More
Stocks bounced back modestly as investors moved cautiously back into the market in today’s trading. The Dow Jones Industrial Average advanced +0.06 percent, +10.27 points, to end at 16,256.14. The Nasdaq moved up +0.81 percent, 33.24 points, to close at 4,112.99, while the S&P gained +0.38 percent, +6.92 points, to
Cavco Nudges Up; Investors Slowly Return to Trading Read More
Referring back to a post MHProNews.com published March 26, 2014, regarding the introduction by the Senate Banking Committee of the housing finance reform bill, the Manufactured Housing Institute (MHI) reports the committee will mark up its bipartisan bill April 29. As proposed, the new measure would replace Fannie Mae and
Senate Set to Mark Up Housing Finance Reform Measure Read More
When a resident of a manufactured home community in Muskegon, Michigan (MHC) injured herself and had to be moved to a nursing home, her niece sold the home to Timberline Mobile Home Sales for $9,000, which prompted a lawsuit by Nomad Mobile Home Park management for violating the “first right
Dispute over Sale of Manufactured Home now in Court Read More
Following a story MHProNews last posted April 4, 2014, regarding a modular housing development proposal in Medicine Hat, Alberta, Canada, the city council declined the housing recommendation from the Municipal Planning Commission for 85 modular homes. Voting 7-1 against, the council said the area is too close to an industrial
Modular Housing Development Denied Read More
Statistics from the National Association of Home Builders (NAHB) indicate modest improvement this month over March, and anticipates a traditional, solid, spring home-buying season. Based on employment, permits and price data, the NAHB/First American Leading Markets Index (LMI) reports 28 percent of metro areas experienced a rise in their score
NAHB: Housing Numbers Showing Modest Rise Read More
Updating a post MHProNews published April 4, 2014 regarding Aetrium Inc.’s acquisition of modular builder KBS Building Systems of Maine, the shares of Aetrium skyrocketed 42 percent the day after the acquisition was announced. The firm has been constructing machines that handle and test computer chips since 1982, according to
Stock Soars upon Acquisition of Modular Builder Read More
At a recent board of education meeting in Fort Lee, New Jersey, school officials made a space and cost-effective case for spending $170,000 a year for 12 full-size modular classrooms to accommodate the additional 100 students expected this coming fall. Four small classrooms at a nearby church the school board
New Jersey School Officials Propose Modular Classrooms Read More
Updating a post MHProNews.com published April 1, 2014 about a three-unit modular housing development in Ridgefield, Connecticut hitting another roadblock after 18 months of debate, planning and zoning (P&Z) finally approved the proposal by Ridgefield Modular Home Corp. As theridgefieldpress.com reports, P&Z agreed to a single building with three three-bedroom
Modular Apartments finally Approved in Ridgefield, Connecticut Read More
All three major indexes lost over one percent in today’s trading as investors rotate out of growth stocks and reinvest in value stocks. Sal Arnuk at Themis Trading said investors took the escalator going up but are coming down on the elevator. The Dow Jones Industrial Average lost -1.02 percent,
Skyline Plummets nearly Ten Percent; Major Indexes Fall over One Percent Read More
Upon asking 61 residents at a Fort Collins, Colorado community meeting discussing housing affordability and the city council’s role, coloradon.com reports one respondent said change zoning laws so more manufactured home communities (MHCs) could build. Another answerer replied MHCs should be set up in clusters for rentals and starter homes,
Fort Collins: We Need more Manufactured Housing Read More
Harking back to a story we last posted Jan. 21, 2014 regarding the attempted redevelopment of a manufactured housing community (MHC) in St Helena, California, the Napa Valley Planning Commission endorsed changing an ordinance, clearing one more hurdle for the Vineland Vista Mobile Park. Currently unoccupied, as napavalleyregister.com informs MHProNews.com,
Planned Manufactured Housing Community One Step Closer Read More
Grand Rapids, Michigan-based Statistical Surveys provides clients with up-to-date insights on buyer behavior through a comprehensive suite of market data products and services. As a supplier of market intelligence to the manufactured housing and recreational vehicle industries, and others, this company has named Florida’s LeeCorp Homes the No. 1 dealer
LeeCorp of Florida named N. 1 Manufactured Housing Dealer in Florida Read More
Updating a story MHProNews.com first posted Feb. 13, 2014 regarding a proposal for a modular housing community in Medicine Hat, Alberta, Canada, the city council remains divided on the project. While property owner representative John Hashem says the land has been vacant since 1976, other plans have not materialized and
Modular Housing Development to be Voted on April 7 Read More
Following up on a post MHProNews published March 28, 2014 regarding raw sewage allegedly being dumped on the grounds of the Cortland MHC, the Illinois Department of Public Health (IDPH) has joined the Illinois Environmental Protection Agency (IEPA) in seeking legal action against the community owners for violation of the
Illinois Dept. of Health Joins Legal Action over Manufactured Home Community Read More
A sell-off in tech stocks, especially Amazon and LinkedIn, set the Nasdaq back 2.60 percent and the Dow and S&P each fell around one percent, as investors retreated from the dance floor. The Dow Jones Industrial Average lost -0.96 percent, -159.84 points, to end the first week of the month
Nobility Homes Plummets; Tech Stocks Drop Nasdaq 110 Points Read More
A carpet cleaner in Springfield, Virginia blames Yelp.com for a rash of alleged fraudulent negative reviews that owner Joe Hadeed claims reduced his business by 30 percent. He narrowed down the anonymous complaints to seven, based on time frame, sales data and location, and sued them in July, 2012 for
Consumer Online Reviews: Fairness Colored by Free Speech? Read More
While MHProNews reported here April 1 that Universal Forest Products,Inc. (UFPI) acquired Upshur Forest Products, LLC in Gilmer, Texas, menafn.com says one of UFPI’s subsidiaries has purchased assets of High Level Components LLC in Locust, North Carolina, a deal that closed March 31, 2014. High Level will become part of
Universal Forest Products Goes Shopping Again Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that official statistics compiled by the Department of Housing and Urban Development (HUD) reveal production of HUD Code homes in February grew five percent over February, 2013, 4,361 homes over 4,151. Cumulative totals for 2014 hit 8,766 homes versus 8,393
Manufactured Housing Production Continued Growing in February Read More
Aetrium Incorporated has acquired all the assets of KBS Building Systems, Inc. of South Paris, Maine for $5 million cash, a $5.5 million six-month promissory note and the assumption of approximately $1.4 million debt, according to marketwatch.com. KBS manufactures and distributes modular housing units for residential and commercial applications. MHProNews
New England Modular Builder Acquired by Aetrium Inc. Read More
