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.
Business research group the Conference Board reports a brighter view of the job market and business conditions has led consumer confidence to its highest point since August, 2013, reaching 80.7 in January, up from a 77.5 December reading of the index. “Confidence appears to be back on track and rising …
Consumer Confidence Improves in January over December Read More
MHProNews.com has learned from heraldonline.com that JPMorgan Chase & Co. (NYSE:JPM) has created a new community development financial institution (CDFI) Collaboratives program to stimulate economic growth and opportunities in distressed and underserved communities, committing $33 million spread over 21 states. The financial services giant, with over $2.4 trillion in assets …
JPMorgan Grant Focuses on Manufactured Housing Communities Read More
The number of renter households is expected to increase five to six million in the next ten years above the nearly 40 million now in the housing stock, according to the National Association of Realtors (NAR). Even as Harvard University’s Joint Center for Housing Studies reports 162,000 one-time homeowners became …
Woodward County Commissioners in Woodward, Oklahoma have approved the final plat for a housing addition that will allow site-built as well as manufactured and modular homes. Riata Ranch was approved for a second time as commissioners felt the need to spell out covenants and restrictions in more detail. In assuring …
New Addition—Mix of Manufactured, Modular and Site-Built Homes Read More
Eastern District Commissioner Ray Weter of Christian County, Arkansas, noting the need for additional courtroom space, has proposed moving the sheriff’s office out of the justice center in Ozark, where the need for more courtroom space is needed, and into an $800,000 two-story modular building which would be built next …
Modular Sheriff’s Office/Jail would Ease Overcrowding Read More
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray received criticism during a hearing Tue., Jan 28 from the Chairman of the House Financial Services Committee, Jeb Hensarling, (R-TX), who said his committee is already hearing negative feedback from consumers regarding the Qualified Mortgage rule which went into effect Jan. 10. …
CFPB Director Cordray Grilled at House Financial Services Committee Hearing Read More
Investors, plowing through corporate returns and responding to turmoil in emerging markets settling down, moved the three major indexes into the plus column as the Dow advanced nearly 100 points. CNNMoney reports the Dow Jones Industrial Average gained 90.68 points, +0.57 percent, to end the day at 15,928.56. The Nasdaq …
Skyline Corp. Tops Advances Second Consecutive Day Read More
Resident-owner Doug LeFevre of the Sandpiper Resort co-op manufactured home community has requested a variance to replace his manufactured home with one that will be 25-feet, higher than the 15-foot limit now governing manufactured housing communities in Bradenton Beach, Florida. The co-op board of directors has approved the request, according …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews.com the House of Representatives Financial Services Committee is establishing an internet link for people to give first hand accounts of how the new Dodd-Frank Act and its implementation by the Consumer Financial Protection Bureau (CFPB) is affecting them. This window …
A recent study conducted by Zillow and the National Urban League revealed that African-Americans are less likely to apply for a mortgage than any other ethnic group, and are 2.4 times more likely to be denied a mortgage than whites. Just over 25 percent of African- Americans are rejected, versus …
Despite sales of newly-built, single-family homes falling seven percent in December to a seasonally-adjusted annual rate of 414,000, home sales in 2013 rose 16.4 percent over the previous year, reports the National Home Builders Association (NAHB). “Consumers are getting used to more realistic mortgage rates, which still remain favorable on …
New Home Sales Fall in December but Rise on the Year Read More
Despite a good economic report from bellweather Caterpillar, investors’ concerns about corporate earnings and emerging markets turned the first day of the week to red ink as all three major indexes fell. CNNMoney reports the Dow Jones Industrial Average dropped -41.23 points, -0.26 percent, to end the week at 15,837.88. …
Skyline Advances almost 4%; other Tracked Stocks Fall or Remain Even Read More
Although Walker County, Alabama, just west of Birmingham was spared extensive damage during the April 2011 tornadoes that devastated several communities, work has begun on two of the 21 modular storm shelters approved by the Federal Emergency Management Agency (FEMA). Concrete pads have been poured in the Thach community and …
According to wkrb13.com, manufactured housing community (MHC) owner Equity LifeStyle Properties (NYSE:ELS) will announce its earnings results Tue., Jan 28. While the stock opened at $37.10 Mon., Jan 27, it has a 52-week low of $33.36 and a 52-week high of $42.86. The company has a market cap of $3.091 …
Another on-site modular home builder has come to the attention of MHProNews.com, this time from Great Britain. Facit Homes, finalists in the INDEX: Awards, is responding to the housing shortage in the larger cities, where prices have risen 53 percent in four years, offering 3-D printing of the parts on …
The massive fertilizer plant explosion in West, Texas April 17, 2013 destroyed several school buildings which have been replaced with 28 instructional and support modular structures, including 17 units manufactured by Ramtech Building Systems. The West Independent School District (ISD) is also receiving modular classrooms from other school districts, which …
Modular Classrooms Provide Fix for Destroyed Schools Read More
The board of directors of real estate investment trust (REIT) Sun Communities, Inc. has announced an increase of $0.08 per common share for its 2014 target distribution rate to $2.60. While the board has adopted this new rate, it will still be subject to approval by the board each quarter …
MHProNews has learned from private sources that North American Extrusion and Assembly (NAEA) has inked an exclusive agreement with Wolfpack Chassis to provide the manufactured housing (MH) and recreational vehicle (RV) industries with premium windows. The Noble line of windows were introduced at the Louisville Manufactured Housing Show this past …
Wolfpack and North American Extrusion Sign Exclusive Deal Read More
Lippert Components, Inc. of Elkhart County, Indiana received final approval from the Goshen (IN) Plan Commission to rezone 56 acres from Agricultural A-1 to Industrial M-1 for future use by the company. The city originally annexed the area April 1, 2012, according to RVBusiness.com, with the intent to rezone it …
According to willistonherald.com, the Williams County (North Dakota) Planning and Zoning Commission denied a request for a 55 home single-family residential development to be built outside Ray, ND, just northeast of Williston in the housing-strapped Bakken Oil Field region. Limited to manufactured, modular and site-built homes, the 164 acres were …
Single-family Project to include Manufactured and Modular Housing Quashed Read More
