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.
Just as we learn half of our Congressional representatives in Washington are millionaires, and that the rich are getting richer, MHProNews has learned more Mr. and Mrs. D. Pockets are back on the scene building mega mansions. According to the Mortgage Bankers Association (MBA), applications for home loans of $625,000 …
Following up on a story MHProNews posted Jan. 20, 2014 regarding a possible grant for water system improvements at the Centennial Estates Manufactured Housing Community (MHC) Cooperative in Derry, New Hampshire, the town council voted to apply for the $500,000 Community Development Block Grant (CDBG). The application will compete against …
Manufactured Home Community Co-operative Applies for Block Grant Read More
The 125,000 square foot industrial space in Bend, Oregon at one time occupied by Fuqua Homes, Inc. has been sold to a hedge fund manager and his wife for $2.7 million. The couple will likely develop it into a multi-tenant facility, according to bendbulletin.com. Fuqua Homes built manufactured and modular …
American architectural firm KieranTimberlake (Stephen Kieran and James Timberlake), taking a page from Henry Ford and his numerous prototypes (the “Model T” derives from the 19th letter in the alphabet, because Henry had 18 previous failures), are working to transform architecture beyond its traditional guidelines into the domains of software …
India may be Inundated with Millions of Modular Homes Read More
In its worst week since Nov. 2011 the Dow Jones Industrial Average tumbled nearly two percent, while the Nasdaq and the S&P 500 both fell over two percent, as investors worried about an economic slowdown in China. CNNMoney reports the Dow dropped -318.24 points, -1.96 percent, to end the week …
Cavco, Drew Drop 4% Plus; Dow Plunges 318.24 Points Read More
As the result of high winds, a manufactured home being transported along Interstate 205 between Vancouver, Washington and Portland, Oregon tipped onto the edge of a bridge above the Columbia River, according to katu.com. Oversize loads were temporarily banned from the highway, the first time Washington Department of Transportation officials …
The Monticello (Arkansas) City Council passed an ordinance effective May 1, 2014 that limits manufactured homes sited be no more than 15 years old, and they must meet all city building and occupancy codes the same as other homes. According to mymonticellonews.net, building permits for manufactured homes are only good …
New Manufactured Housing Ordinances take Effect May 1 Read More
Marking the highest level of sales since the housing boom year of 2006, 5.1 million previously owned homes sold in 2013, up 9.2% from 2012 and almost 20% more than 2011, according to the National Association of Realtors (NAR). As CNNMoney informs MHProNews, in the first month-over-month increase since July, …
All three major indexes fell in today’s trading as investors continued to express concerns over corporate earnings. CNNMoney reports the Dow Jones Industrial Average fell -175.99 points during the day, -1.07 percent to close at 16,197.35. The Nasdaq dropped -24.13 points, -0.57 percent, to end at 4,218.87, while the S&P …
Louisiana Pacific Gains, Nobility Falls, Three Major Indexes Drop Read More
In light of the Harvard University’s Joint Center for Housing Studies startling conclusion that 25 percent of households spend over 50 percent of their income on rent, nerdwallet.com analyzed the top 100 most populous metro areas to determine which have conditions most favorable for purchasing a home. Arranging the list …
Gordon Crawford of DataQuick, noting the months of increasing home values in the 42 markets the company analyzes in its Property Intelligence Report (PIR), says the substantial drop in prices in December is a good sign that the housing market is leveling off, according to nationalmortgagenews.com. “It shows that home …
Foreclosure and Home Price Decline Bodes Well for Stability Read More
Show coordinator Dennis Hill said by 1:00 PM, Wednesday Jan. 22, the first day of the Louisville Manufactured Housing Show, more people had come through the gate than for the entire show last year. The finance panel discussion, moderated by Dick Ernst and featuring most of the major lenders in …
Louisville (Slugger) Manufactured Housing Show Hits Homer Read More
Another mix of plus and minus corporate returns kept investors in a cautious mood, as CNNMoney reports the Dow Jones Industrial Average fell -41.1 points during the day, -0.25 percent to close at 16,373.34. The Nasdaq gained +217.24 points, +0.41 percent, to end at 4,243, while the S&P ended the …
Writing in treehugger.com, Lloyd Alter says modular housing is now 11 percent of the Canadian housing market, three times what it was when he was selling homes in Wingham, Ontario for Royal Homes’ Pieter Venema, who built the Kohn Shnier designed Muskoka cottage for two families. Noting factory-built homes are …
The Federal Home Loan Bank of New York, through the M&T Bank, awarded $35.5 million in Affordable Home Program (AHP) subsidies in 2013 that will help finance 48 affordable housing initiatives, creating or preserving 3,072 units of affordable housing, as PRWeb.com informs MHProNews. This includes 2,200 very low income dwellings …
Affordable Housing Bolstered by Federal Program, Private Bank Read More
Investors, nervous about the future of the economy, split the three major indexes plus and minus. CNNMoney reports the Dow Jones Industrial Average fell 44.12 points during the day, -0.27 percent to close at 16,414.44. The Nasdaq gained 28.18 points, +0.67 percent, to end at 4,225.76, while the S&P ended …
Skyline Rises 3.26%; Dow Falls, Nasdaq and S&P Nudge up Read More
As follow-up to a story MHProNews posted Jan. 16, 2014 regarding three variance requests for the siting of manufactured homes in Magnolia, Arkansas, the Magnolia Planning and Zoning Commission denied all three, according to magnoliareporter.com. Although all three requests were from parties who own the land, and the commissioners support …
Placement Denied for Three Manufactured Home Variance Requests Read More
Following a story we first posted Oct. 21, 2013 regarding the proposed redevelopment of Vineland Vista Mobile Home Park in St. Helena, California owned by Vintner Hall Wines, the Napa Valley Planning Commission has delayed approval of the modification because the old ordinance does not allow for multifamily modular housing. …
Despite single-family housing starts falling seven percent in December, 2013 from November’s surge of 16 percent, when builders were scurrying to put foundations in the ground before the freeze set in, housing starts for the year were up 15 percent over 2012. The Census Bureau informs MHProNews multifamily starts, which …
Pursuant to Killam Property, Inc.’s (TSX:KMP) dividend policy, the board of directors has declared a monthly dividend of $0.05 per common share to be paid on Feb. 17, 2014 to shareholders of record as of Jan. 31, 2014. Based in Halifax, Nova Scotia, Canada, this marks Killam’s first dividend reflecting …
