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.
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
Following a story MHProNews.com posted Feb. 24, 2014 regarding assistance the state of Michigan is offering to repeat homebuyers, including those buying manufactured homes, we have been informed the Mi Next Home program offers $7,500 maximum assist, or four percent of the purchase price, whichever is lower. Northern Homes Executive
Assistance Available to Manufactured Home Buyers Read More
More than 100 modular homes previously used by the U. S. military are now home to residents of the Apache Mescalero Reservation in New Mexico, where the lack of adequate housing has been a long-standing issue, according to ruidosonews.com. On March 7, at the invitation of tribal president Danny Brueninger,
Military Modular Homes now Accommodate Apache Native Americans Read More
San Jose, California has the most manufactured-home communities in the state, 58 communities with nearly 11,000 homesites, according to mercurynews.com, and the owners of some in this Silicon Valley area will likely be tempted to convert their property to high-density, high-end housing. Of the 150 people who live in the
Manufactured-home Community Surrounded by High-end Property Read More
Two of the three major indexes made modest gains in today’s trading despite good news from the housing market and solid earnings reports from several retailers, including Target, whose shares rose seven percent despite the drubbing it took after the recent security breach millions of its customers endured. The S&P
Nobility Homes Gains over 4.5 percent as Three Major Indexes Move Little Read More
According to statistics released by the Department of Housing and Urban Development (HUD) and the Census Bureau, the National Association of Home Builders (NAHB) reports sales of newly-built single-family homes rose 9.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 468,000 units, marking the strongest pace since July
New Home Sales Rise in January Read More
The U. S. Senate Banking Committee leaders have made a housing finance overhaul bill one the committee’s top priorities, and ranking member Sen. Mike Crapo (R-ID) says he and Chairman Tim Johnson (D-SD) hope to produce their long-awaited housing bill by the end of March, according to POLITICO Pro. Sen.
Senate’s Housing Reform expected end of March Read More
Updating a story MHProNews.com published Feb. 21, 2014 regarding U. S. Senate bill S 1828, Preserving Access to Manufactured Housing Act, introduced by Sen. Joe Donnelly (D-IN) Dec. 16, 2013, MHProNews.com has been informed Sen. John McCain (R-AZ) has signed on as a co-sponsor of the bill. A companion to
Sen. McCain Signs on to S 1828 Read More
In the late 1990s Wisconsin had a higher crash rate at intersections than the national average, motivating the state department of transportation to build European-style traffic circles, or roundabouts, on state and county roads, some 280 of them with another 90 planned. A state lawmaker has suggested the decision to
Modular Home Builders Oppose Roundabouts Read More
According to cnynews.com, a new modular apartment building will be sited in Oneonta, New York for exclusive use by students at the SUNY (State University of New York) campus. Hillside Commons will offer one, two and three-bedroom apartments. MHProNews.com has learned the Oneonta Police Department has issued an alert that
Modular Apartments Coming to Campus Read More
The Kilgore (Texas) City Council at its regular session will consider a request to change the zoning of property located east of the intersection of Peavine and Harvey Roads from commercial to single-family manufactured housing, according to news-journal.com. Kilgore is in northeast Texas, east of Dallas. MHProNews.com knows Texas is
Applicant Requests Property be Rezoned for Manufactured Home Read More
Investors hit the pause button as investors took a breather, as the three major indexes ended up slightly lower in today’s trading. CNNMoney reports the Dow nudged down -27.48 points, -0.17 percent, to end the day at 16,179.66. The Nasdaq moved down -5.38 points, -0.13 percent, to finish at 4,287.59,
Louisiana Pacific Gains the most, but Stocks mostly Quiet Read More
