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.
As MHProNews previously reported Jan. 7, 2014, home prices in the U. S. rose 11.2 percent in November, and CoreLogic says they rose the same amount for the third quarter 2013, as compared to last year. The report, which measures price trends in over 380 markets, reveals prices were 17 …
Daisy “Marie” Craddock, of Martinsville, Virginia, mother of Executive Director Tyler Craddock of the Virginia Manufactured and Modular Housing Association (VAMMHA), passed away Jan. 31, 2014 at age 68. A memorial service was held Sunday, Feb. 2 at First United Methodist Church of Martinsville. MHProNews extends its deepest sympathies to …
The National Housing Corporation (NHC) in Kenya, in east central Africa on the Indian Ocean, plans to build 30,000 modular housing units this year—10,000 low income units and 20,000 built in conjunction with landowners as well as county governments. Government statistics show there is a need for 150,000 low income …
The omnibus spending bill that Congress passed and the president signed to keep the federal government operating through 2014 includes provisions relating to manufactured housing. One in particular specifically requires the secretary of Housing and Urban Development (HUD) select an administrator of the Office of Manufactured Housing within 120 days …
Government Budget Includes Manufactured Housing Provisions Read More
MHARR’s president “broadsided” HUD – as well as MHI – on Thursday, January 29th with an emailed release. The timing seemed odd, observers told MHProNews, as this took place in the immediate aftermath of an extraordinary semiannual oversight hearing on Capitol Hill. Chairman Jeb Hensarling’s Financial Services Committee had members …
MHARR’s HUD/MHI Missive: on the record, “No Comment,” but off the record… Read More
SearchCore, Inc., a technology-based internet marketing services company in Lake Forest, California is expanding into the manufactured housing (MH) industry by opening MH retail sales centers under the name Wisdom Homes of America, Inc. The company has hired Brent Nelms, a 30-year veteran of the manufactured homes industry, as president …
Lower than expected financials on some corporate returns and renewed fears concerning the economies of emerging markets soured investors in today’s trading as the Dow Jones Industrial Average dropped -149.76 points, -0.94%, to end the month at 15,698.85. CNNMoney reports the Nasdaq moved down -0.47 percent, -19.25 points, to finish …
The U. S. Department of Housing and Urban Development (HUD) Manufactured Housing Consensus Committee (MHCC) has posted a notice soliciting applications for potential members in all categories as MHProNews has learned. The very extensive website published by the National Fire Protection Association (NFPA) covers the activities of the MHCC going …
Manufactured Housing Consensus Committee Seeking Members Read More
The Modular Building Institute is hosting the World of Modular in San Antonio, Texas, March 21-24, the industry’s largest convention with over 600 top to bottom industry vendors in attendance. Industry speakers will focus on multifamily housing, green building, innovations and globalization. As virtual-strategy.com informs MHProNews.com, other presentations will include …
Nathan Smith, 42, has grown from spending his early years in a pre HUD-Code home on a hillside in southeastern Kentucky to being the face of and partner in a company that develops and operates 25 manufactured housing communities (MHCs) in Kentucky, Indiana and Ohio. In a very animated TV …
Fitch Ratings reports while home prices continue to gradually climb nationwide, especially in the western U. S., it is due to low inventory resulting from slow construction rates of new homes. There are also many homes still mired in the foreclosure pipeline, according to housingwire.com. “In markets with short supply, …
The National Association of Realtors (NAR) Chief Economist Lawrence Yun says the unseasonably cold weather in many parts of the country was responsible for the nearly nine percent drop in the pending home sales index (PHSI) from Nov. to Dec., 2013. Although the PHSI has been falling since May, existing …
Manufactured housing, modular housing and recreational vehicle component manufacturer Drew Industries, Inc. (NYSE:DW) will release its Q4 and 2013 financial results before the market opens Thursday, Feb. 13, and discuss the results in a conference call later that same morning at 11 AM EST. The question-and-answer session will be limited …
Strong corporate earnings in the tech market and healthy economic activity from emerging economies stimulated the Dow Jones Industrial Average over 100 points, with the Nasdaq and S&P gaining over one percent. CNNMoney reports the Dow gained 109.82 points, +0.70 percent, to end the day at 15,7848.61. The Nasdaq moved …
Tracked Housing Stocks Close Strong; UMH Closes the Strongest Read More
Following a 16-year tug of war between the owner of Naples Estates manufactured home community in Florida and the 484 homeowners who have wanted to buy the property from the owner, the Collier Circuit Court has reiterated a 2008 ruling that the residents have the right to purchase the property. …
MHProNews.com published a story Jan. 15, 2014 regarding Alberta, Canada’s New Home Buyer Protection Act, which goes into effect Feb. 1, 2014, and insures all homes meet the same standards, including manufactured and modular homes. The home-building and remodeling industry has ranked in the top 10 for most complaints received …
As the federal housing assistance program for victims of Hurricane Sandy winds down to an end April 1, over 80 New Jersey families continue to live in temporary quarters, including in manufactured homes (MH) in manufactured housing communities (MHCs). Gov. Chris Christie has asked the federal government to extend the …
Manufactured Housing Communities Continue Sheltering Sandy Victims Read More
President and Treasurer of the Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame Darryl Searer has agreed to continue leading the Hall for an additional two years, according to chairman of the board Barry Cole. Searer will also become chairman when Cole’s term expires in 2014 because Jay Hesse, who …
The New Jersey Small Business Development Center (NJSBDC) honored modular home builder RBA Homes of Red Bank, New Jersey for doubling staff and sales revenues, according to redbankpatch.com. RBA President Bill Lashovitz in turn thanked counselors at NJSBDC for helping the company rebound after Hurricane Sandy and for help in …
All three major indexes fell over one percent as the Federal Reserve announced it will taper its bond-buying program by another $10 billion, amid concerns about Turkey and other emerging markets. CNNMoney reports the Dow Jones Industrial Average dropped 189.77 points, -1.19 percent, to end the day at 15,738.79. The …
