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.
Now that responsibility for enforcing the Real Estate Settlement Procedures Act (RESPA) has been transferred to to the Consumer Financial Protection Bureau (CFPB), the question of whether the agency would sue alleged violators or accept a monetary settlement with the promise that it cease its errant ways has been decided—at […]
CFPB Pursuing Violators of Smell Test Read More
The owners of Hendrickson Estates and Hendrickson Heritage Park manufactured home communities in Sequim, Washington, just northwest of Seattle, say city fees for installing new homes have risen, adding insult to injury in the face of a housing industry battered by the recession. Jeanne Murray and Mel Hendrickson, co-owners of
Assorted Fees a Deterrent to Siting Manufactured Homes Read More
While the housing market helped lift the U. S. economy out of past recessions in 1981, 1990 and 2001, according to fxempire.com, it is not happening this time. Historically, residential investment has averaged five percent of gross domestic product (GDP), but it has only returned to three percent since the
Housing Market Not out of the Woods Yet Read More
Stocks surged as fears eased over the likelihood of armed conflict between Russia and the Ukraine, sending the Dow Jones Industrial Average climbing over 225 points. CNNMoney reports the Dow spiked +227.85 points, +1.41 percent, to end the day at 16,395.88. The Nasdaq gained +74.67 points, +1.75 percent, to finish
Drew, AMG, Cavco, UFPI Gain Three Figures; Dow Surges over 200 Points Read More
Technology-based marketing services company SearchCore, Inc., which connects consumers with brands, products and services through comprehensive websites, announces additions to their ManufacturedHomes.com site including the most extensive list of producers of manufactured homes (MH), retail centers and floor plans available in the entire industry. The company’s next step will be
ManufacturedHomes Adds Library of MH Producers Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports figures from the Department of Housing and Urban Development (HUD) indicate shipment of HUD Code homes hit 4,405 in January, a 3.8 percent increase over the 4,242 homes shipped in Jan., 2013. As MHProNews.com has learned, the top ten shipment states
Manufactured Home Production Continues Upward Trend Read More
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
