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.
Following the thread of a story MHProNews.com posted Feb. 3, 2014 regarding the Kenya government’s plan to build thousands of modular homes for low-income residents, Canadian investor Charles Field-Marsham says the growing middle class among the 800 million in sub-Sahara Africa offers lucrative markets to tap into. A stockbroker in …
A study commissioned by the National Association of Home Builders (NAHB) and conducted by GuildQuality, a leading provider of surveys for the residential building industry, revealed the satisfaction level of purchasers of National Green Building Standard homes. Key findings of the study indicate: 94% would recommend a green home to …
A Mortgage Bankers Association (MBA) report says mortgage applications nudged up 0.4 percent for the week ending Jan. 31 from the previous week, while refinance mortgage activity remained at 62 percent of mortgage applications. While the refinance index grew 3% from the previous week, the purchase index declined 4% from …
Panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas says strong demand for apartments will increase over the next several years. Says NAHB chief economist David Crowe, “The multifamily market has rebounded significantly from its trough in 2009 at …
Investors remained off the dance floor today as they weighed concerns about the American economy and awaited the government’s jobs report, due out Friday, as the three major indices floated into negative territory. CNNMoney reports the Dow slid -5.01 points, -0.03 percent, to end the day at 15,440.23. Nasdaq also …
Louisiana Pacific Manages a Gain as Most Tracked Housing Stocks Fall Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), tells MHProNews the required continuing education to maintain manufactured housing installer certification will be held March 3, 4 and 5 at the Iowa Department of Public Safety Building in Des Moines. More details will be posted as soon as …
The Poplar Grove Planning and Zoning Commission in Illinois, just east of Rockford, has unanimously voted down a proposal for developer Flora Meadows to build a 284-site manufactured home community in the village on two parcels of land. After hearing the concerns of nearby homeowners, according to what WIFR.com tells …
Following a story MHProNews.com first posted Aug. 23, 2013, both the Lake County (Calif.) Board of Supervisors and the Lakeport City Council have rent control initiatives regarding manufactured housing communities on separate ballots sponsored by a “Save our Seniors” group. While the county ballot is set for June, and the …
Rent Control Initiatives Challenged by Land Lease Community Owners Read More
According to RealtyTrac, the average profit of the 156,862 single-family homes flipped in 2013 was $58,081, accounting for 4.6 percent of all U. S. single-family home sales in 2013. Flipped homes accounted for 7.1 percent of all sales in Q4 2012, the highest flip percentage since the survey began in …
Under the terms of agreement with state consumer protection officials, Brady Sullivan Properties has agreed to repair defective modular homes it sold to residents of the Paugus Woods community in Laconia, New Hampshire, and buy back the five worst homes at the original price. The settlement requires Brady Sullivan to …
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews.com that U. S. Congressman Randy Forbes (R-Chesapeake) has signed on as co-sponsor of the Preserving Access to Manufactured Housing Act (HR 1779). He joins fellow Virginians Rep. Bob Goodlatte (R-Roanoke) and Rep. Robert Hurt (R-Chatham) as supporters of the legislation. …
Preserving Access to Manufactured Housing Act Garners Support from Rep. Forbes Read More
Analysts blamed Monday’s huge sell-off of stocks on unseasonably bad weather, as the Dow Jones Industrial Average recouped some of its losses, and investors await Friday’s monthly jobs report. CNNMoney reports the Dow gained 72.44 points, +0.47 percent, to end the day at 15,445.24. Nasdaq also gained, adding +0.86 percent, …
Affiliated Managers Group Gains; Dow, Nasdaq, S&P Recoup some Losses Read More
The Madison County Board in Illinois has altered an ordinance that will reduce the amount manufactured home owners have to pay on their own land. Previously they had to pay $300 for a special use permit, which paid for Madison County Board representatives to inspect each home every five years …
MHProNews.com has learned from marketwatch.com Universal Forest Products, Inc. (UFPI) has announced that Mary Tuuk, executive vice president of corporate services and secretary of the board of directors of Firth Third Bancorp, has been elected to UFPI’s board of directors. In her role at Fifth Third she is responsible for …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the statistics from the U. S. Department of Housing and Urban Affairs (HUD) indicate HUD Code manufactured home production in Dec. 2013 rose 14.3 percent over Dec. 2012 to 3,985 homes, yielding 60,228 homes for 2013. This marks an increase of …
Following a story MHProNews.com first posted Jan 31, 2014 regarding Search Core, Inc.’s launching of manufactured home retail centers named Wisdom Homes of America, Inc., marketwatch.com reports the first full service center will open in Rhome, Texas Feb. 15. The lease includes 2,000 square feet of office and light warehouse …
Wisdom Homes Opening First Manufactured Home Retail Center Read More
The National Association of Home Builders (NAHB) reports in their 55+ Housing Market Index (HMI) that builder confidence has risen sharply for Q4 2013, compared to the same period last year, in all three segments—single family homes, condominiums, and multifamily rental. Based on a survey that asks builders if current …
The Santa Monica-based design studio Minarc partnered with Habitat for Humanity and non-profit Restore Neighborhoods LA to build three modular, net-zero energy homes in the poorest neighborhood of South Los Angeles. Using Minarc’s interlocking panel system, called mnmMOD, framing and construction of the home can be completed in as little …
Quick Assembly Modular Homes Land in South Los Angeles Read More
On the heels of the Dow Jones Industrial Average falling over five percent in January, the weak pace of last month’s manufacturing activity led the Dow down a sorry path for the first trading day of Feb. as it dropped -325.21 points, -2.08 percent, to end the day at 15,372.80. …
Skyline Rises, as Cavco and the Dow drop Precipitously Read More
Bob LeClair, executive director of the Maine Manufactured Housing Board, in anticipation of the weekend’s model show for factory-built homes at the Civic Center in Augusta, noting the resurgent interest in off-site built homes, says, “Back in 2006, before we had the big drop in the market, modular homes and …
