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 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
New Manufactured Home Retailer Set to Launch Read More
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
Cavco Gains Nearly 5%; Dow, S&P and Nasdaq Fall Read More
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
Modular Convention will be Wide Ranging Read More
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
From Single-section Home to Industry Success Read More
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,
Slowdown in Wage Growth may Slow Down Home Sales Read More
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
New Mortgage Rules may Hinder Home Sales Read More
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
Drew to Release Financials Read More
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.
Residents Win Right to Purchase Community Read More
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
Mandatory Home Builder Warranty in Effect Feb. 1 Read More
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
Searer will Lead Hall of Fame for Two More Years Read More
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
Modular Home Builder Honored Read More
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
Equity LifeStyle Nudges Up; Dow, S&P, Nasdaq Drop Read More
Peter Gallagher, vice president of sales and operations of Liberty Homes Custom Builders (LIBHA) in Pocono Lake, Pennsylvania, has been elected vice-president of the Pennsylvania Builders Association (PBA), a nonprofit trade group that offers homebuilders opportunities for networking and examining governmental issues related to the trade. Liberty is a long-time
Liberty Homes Veep now a Veep for Trade Organization Read More
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
