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 lukewarm jobs report from the federal government did not damper investors’ enthusiasm as the week closed on a high note after a choppy ride. CNNMoney reports the Dow Jones Industrial Average gained +165.55 points, +1.06 percent, to end the day at 15,794.08. The Nasdaq advanced +1.69 percent, +68.74 points, […]
Dow, Nasdaq, S&P Recover from Choppy Week; Tracked Housing Stocks Mixed Read More
The Grove, Oklahoma City Council adopted a manufactured home (MH) ordinance including revised definitions for manufactured homes, non-conforming residential manufactured home communities and residential manufactured home communities. The ordinance says where an MH can be sited and what standards an MH must meet in order to be placed in Grove,
City Approves Manufactured Housing Revisions Read More
The U. S. Department of Justice has informed MHProNews.com that the owner and manager of Four Seasons Estates Mobile Home Park in Effingham, Illinois have been charged with violating the Fair Housing Act’s (FHA) prohibition against racial discrimination in their 126 homesite community. Owner Lorraine Wallschlaeger and manager Barbara Crubaugh,
Justice Hits MHC with Fair Housing Complaint Read More
In an interview with Bloomberg News‘ Betty Liu, investor Sam Zell says the residential market in 2014 will be benign. “The demand for single-family houses is, in my judgment, muted.” Asked what happened to all the demand for the generation Xers who are supposed to be moving out of their
Zell: U. S. becoming more Urbanized Read More
Following a story MHProNews,com posted Feb. 5, 2014 regarding certification of manufactured housing installers in Iowa, Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), says the state has reduced the number of hours of continuing education from 12 to 8. The current three year certification ends June
Iowa Manufactured Home Installers Need Fewer Hours Read More
According to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), markets in 58 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, a net gain of two points over last month. Based on current
Leading Housing Markets Index Nudges Higher Read More
All three major indexes gained over one percent in today’s trading as investors anticipate a good jobs report from the government tomorrow, Fri., Feb. 7. CNNMoney reports the Dow gained +188.30 points, +1.22 percent, to end the day at 15,628.533. Nasdaq advanced +1.14 percent, +45.57 points, to finish at 4,057.12,
Louisiana Pacific Advances; Dow, Nasdaq, S&P Climb over One Percent Read More
BlueLinx Holdings Inc. (NYSE:BXC), a component supplier to the manufactured housing industry, will release fourth quarter financial results before the market opens on Thursday, Feb. 20, according to Nasdaq.com, followed by a conference call at 10:00 AM. CEO Mitch Lewis, and CFO and treasurer Doug Goforth will discuss the company’s
Component Supplier to the Manufactured Housing Industry to Release Financials Read More
Following the thread of a story MHProNews.com posted Feb. 3, 2014 regarding the Kenya government’s plan to build thousands of modular homes for low-income residents, Canadian investor Charles Field-Marsham says the growing middle class among the 800 million in sub-Sahara Africa offers lucrative markets to tap into. A stockbroker in
Modular Housing Growing in Africa Read More
A study commissioned by the National Association of Home Builders (NAHB) and conducted by GuildQuality, a leading provider of surveys for the residential building industry, revealed the satisfaction level of purchasers of National Green Building Standard homes. Key findings of the study indicate: 94% would recommend a green home to
Owners of Green Homes 80% Satisfied Read More
A Mortgage Bankers Association (MBA) report says mortgage applications nudged up 0.4 percent for the week ending Jan. 31 from the previous week, while refinance mortgage activity remained at 62 percent of mortgage applications. While the refinance index grew 3% from the previous week, the purchase index declined 4% from
As Mortgage Apps Edge Up, Rates Edge Down Read More
Panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas says strong demand for apartments will increase over the next several years. Says NAHB chief economist David Crowe, “The multifamily market has rebounded significantly from its trough in 2009 at
Multifamily Home Building on the Rise Read More
Investors remained off the dance floor today as they weighed concerns about the American economy and awaited the government’s jobs report, due out Friday, as the three major indices floated into negative territory. CNNMoney reports the Dow slid -5.01 points, -0.03 percent, to end the day at 15,440.23. Nasdaq also
Louisiana Pacific Manages a Gain as Most Tracked Housing Stocks Fall Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), tells MHProNews the required continuing education to maintain manufactured housing installer certification will be held March 3, 4 and 5 at the Iowa Department of Public Safety Building in Des Moines. More details will be posted as soon as
Manufactured Housing Installer Certification Set Read More
The Poplar Grove Planning and Zoning Commission in Illinois, just east of Rockford, has unanimously voted down a proposal for developer Flora Meadows to build a 284-site manufactured home community in the village on two parcels of land. After hearing the concerns of nearby homeowners, according to what WIFR.com tells
Village Denies Manufactured Home Community Read More
Following a story MHProNews.com first posted Aug. 23, 2013, both the Lake County (Calif.) Board of Supervisors and the Lakeport City Council have rent control initiatives regarding manufactured housing communities on separate ballots sponsored by a “Save our Seniors” group. While the county ballot is set for June, and the
Rent Control Initiatives Challenged by Land Lease Community Owners Read More
According to RealtyTrac, the average profit of the 156,862 single-family homes flipped in 2013 was $58,081, accounting for 4.6 percent of all U. S. single-family home sales in 2013. Flipped homes accounted for 7.1 percent of all sales in Q4 2012, the highest flip percentage since the survey began in
Flipped Home Profits Rise in 2013 over 2012 Read More
Under the terms of agreement with state consumer protection officials, Brady Sullivan Properties has agreed to repair defective modular homes it sold to residents of the Paugus Woods community in Laconia, New Hampshire, and buy back the five worst homes at the original price. The settlement requires Brady Sullivan to
Modular Home Developer Ordered to Repair Defects Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews.com that U. S. Congressman Randy Forbes (R-Chesapeake) has signed on as co-sponsor of the Preserving Access to Manufactured Housing Act (HR 1779). He joins fellow Virginians Rep. Bob Goodlatte (R-Roanoke) and Rep. Robert Hurt (R-Chatham) as supporters of the legislation.
Preserving Access to Manufactured Housing Act Garners Support from Rep. Forbes Read More
Analysts blamed Monday’s huge sell-off of stocks on unseasonably bad weather, as the Dow Jones Industrial Average recouped some of its losses, and investors await Friday’s monthly jobs report. CNNMoney reports the Dow gained 72.44 points, +0.47 percent, to end the day at 15,445.24. Nasdaq also gained, adding +0.86 percent,
Affiliated Managers Group Gains; Dow, Nasdaq, S&P Recoup some Losses Read More
