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 Modular Housing Council (NMHC) informs MHProNews.com 3,406 new modular homes were shipped in the fourth quarter of 2013, an increase of 6.4 percent from the same quarter 2012. Compared to Q4 last year, statistics reveal 19 states saw increases in shipments, while 15 witnessed decreases. For purposes of […]
Modular Home Shipments Rise Read More
Frank Williams, father of Tim Williams, Executive Director of the Ohio Manufactured Housing Association (OMHA), passed away in Akron, Ohio March 1. Having served in the Army during the Korean War, Frank retired from Ohio Bell as marketing manager, and was very active as a coach during his childrens’ sports
Passages: Frank Williams Read More
The manager of Clayton Home Sales in Lumberton, North Carolina, along with her husband and co-workers, won the title of Best Overall Chili at this year’s Rumba on Lumber’s Bud Light North of the Border Chili Cook-Off, held in Lumberton. Hunt, who also won a chili cook-off in South Carolina,
Clayton Homes Manager wins Cooking Event Read More
There is one number, often overlooked, that affects the growth of the housing sector as much as any other—the percent of the 25-to-34-year-olds who are working. Many of these young adults continue to live at home, which holds down household formation. As their employment numbers grow, they are more likely
Young Adults may Finally be Moving into Own Homes Read More
Investors, somewhat shaken by the increasing tensions between Russia and the United States, drifted away from the big board on the first trading day of March, as the Dow dropped over 150 points. CNNMoney reports the Dow fell -153.68 points, -0.94 percent, to end the day at 16,168.03. The Nasdaq
Saber Rattling over Ukraine Rattles Investors; LPX Falls the Most of Tracked Stocks Read More
In addition to the multiple modular workforce housing and mancamps, manufactured homes and recreational vehicles that have sprung up to meet the demands for housing in Watford City, North Dakota in response to the Bakken oil boom, the MacKenzie County Healthcare system is adding a modular unit to the hospital’s
Modular Unit added to Hospital Read More
MHProNews.com has learned from fwbusiness.com that Elkhart, Indiana-based Drew Industries, Inc. is acquiring two nearby businesses for $48 million. Drew is shelling out $36 million for Innovative Design Solutions (IDS), a Troy, Michigan-based designer, developer and manufacturer of electronic systems. The company had sales of $19 million in 2013, of
Drew Ind. Acquiring Two Manufacturing Firms Read More
MHProNews.com has learned Altius RSA (Rapid Systems Architecture) has introduced their newest mini modular home, the Solo 40, 480 square feet for $195 a square foot. Constructed from natural, renewable, durable and recyclable materials, the home offers both passive and active sustainable strategies, which includes an Energy Recovery Ventilation (ERV)
New Modular Home Arrives with Garden on Top Read More
Updating a story MHProNews.com posted Feb. 26, 2014 regarding the building of roundabouts in Wisconsin, Rep. David Craig (R-Big Bend) sponsored legislation, supported by the manufactured housing industry, that would give final say over traffic circles to local municipalities. The Wisconsin Department of Transportation wants to decide where they should
Measure Supported by Manufactured Housing Industry Read More
A manufactured housing community has been condemned and ordered shuttered and the residents given ten days to evacuate after the Ingham County Health Department in Lansing, Michigan discovered raw sewage on the grounds and solid waste strewn about. Hundreds of people living in 85 homes at the Life O’Riley Mobile
License to Operate Suspended at Land Lease Community Read More
The Plantation on the Lake manufactured home community (MHC) in Calimesa, California intends to exercise its option to build the remaining seven percent of the home sites to which it is entitled, bringing the total number of sites to 562, according to newsmirror.net. Forty-seven new homesites were approved by the
Manufactured Housing Community to Expand Read More
A potential military conflict between Russia and the Ukraine turned back gains made on the stock market in the last hour of trading, although the S&P set a new record as the week and the month came to an end. CNNMoney reports the Dow moved up +49.06 points, +0.30 percent,
S&P Hits New High; Nobility Homes Falls over Four Percent Read More
Updating a story MHProNews.com last published Nov. 8, 2013 regarding flood-prone Spruces Mobile Home Park in Williamstown, Massachusetts, town Selectmen signed a notice of discontinuance that will close the community Feb. 29, 2016. According to the Massachusetts Manufactured Housing Act, residents are entitled to at least two years written notice
Manufactured Housing Community to Close Read More
A member of the Mississippi Manufactured Housing Association’s (MSMMHA) Hall of Fame , Jeffrey Duane “Doc” Bell, 53, passed away Feb. 21, 2014 in Little Rock, Arkansas. His nickname came from his stint as an athletic trainer at the University of Mississippi. A district manager for American Modern Insurance Group,
Passages: Jeffrey Duane Bell Read More
Tiny homes, many made from recycled materials, are springing up in cities across the land to house the homeless, combining sustainability with social reform. In Olympia, Washington, thirty 144 square-foot homes have been constructed in a safe, street-light lined lane called Quixote Village, according to inhabitat.com. Occupy Madison, a non-profit
Tiny Homes Shelter the Homeless Read More
Sponsored by House Financial Services Committee member Rep. Sean Duffy (R-WI), the Consumer Financial Freedom and Washington Accountability Act, HR 3193, passed on a mostly party-line vote, would replace the director with a five-member commission and give Congress oversight of the budget. House Financial Services Committee Chairman Jeb Hensarling (R-TX)
Consumer Financial Protection Bureau Reform Bill Passes House Read More
M.J. (Michael Joshua) Thomas passed away this past Saturday, Feb. 22, after being hospitalized for breathing issues. M.J. had been living in the Dallas/Fort Worth area and began his manufactured housing retail career in Tulsa, OK. Thomas had made arrangements to attend the Tunica Manufactured Home Show just before being
Passages: MH Sales Professional Thomas Dies Read More
Federal Reserve Chairwoman Janet Yellen’s testimony before the Senate Banking Committee gave a slight boost to investors, as the S&P closed at a new high, and the other two major indices advanced. CNNMoney reports the Dow moved up +74.24 points, +0.46 percent, to end the day at 16,272.65. The Nasdaq
Liberty Homes Drops Dramatically; S&P Marks New High Read More
The National Association of Home Builders (NAHB) reports the Multifamily Production Index (MPI) fell slightly in the fourth quarter 2013 to 50, which means half of the builders saw the market as good and the other half as poor. The survey measures builders’ perceptions of three aspects of the market:
Perception of Market by Multifamily Builders Falls Read More
MHProNews.com posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09
Northstar Realty Posts Earnings Report Read More
