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 Billings County Fryburg School in western North Dakota was sold for almost $500,000 to Louisiana-based Energy Resource Group for a man camp for the Bakken oil field workers, but the company never followed through. The bismarcktribune.com reports an Alabama-based company, Bakken Suites of Fryburg, has more recently filed a […]
Modular Man Camp on Hold Read More
The Magnolia (Arkansas) Planning Commission will deal with the placement of several manufactured homes at its next meeting on Mon., Jan. 20, 2014. As magnoliareporter.com informs MHProNews, Aaron Thomas and Shari Palmucci have each requested a variance to site a manufactured home in an R2 zone (single-family homes and duplexes).
Manufactured Homes Siting on Agenda Read More
Investors were disappointed by Citigroup and Best Buys’ poor earnings, and J. C.Penney’s decision to close 33 stores, dropping the Dow Jones Industrial Average -64.93 points, -0.39 percent, to close at 16,417.01. CNNMoney reports the Nasdaq nudged up +0.09 percent, +3.81 points, to finish at 4,218.69, while the S&P slid
Patrick Edges Up; Dow, S&P Nudge Down Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for newly built, single-family homes fell one point to 56 in January. Rising home prices, historically low mortgage rates and significant pent-up demand will drive a continuing, gradual recovery in the year
Housing Market Index Falls One Point, but Still Above 50 Read More
Livingston Manor at the southern edge of the Catskill Mountains in New York has won a $1.8 million grant to replace an affordable housing project with 27 two-bedroom and 33 three-bedroom modular townhomes, according to recordonline.com. Utilizing federal and state low-income housing tax credits, funding for the 60 unit Hemlock
Modular Townhomes will Replace Housing Project Read More
One of the subsidiaries of Universal Forest Products, Inc. (NASDAQ:UFPI) has agreed to purchase the assets of National Fiber, a manufacturer of environmentally sound cellulose insulation serving clients in the Northeastern U. S. Located in Belchertown, Massachusetts, National Fiber also sells special machines required to install the insulation, and offers
Universal Forest Products Acquires Insulation Producer Read More
Solid economic reports and strong bank earnings spurred the S&P to a new record high in today’s trading as the Dow advanced over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +108.08 points, +0.66 percent, to close at 16,481.94. The Nasdaq moved up +0.76 percent, +31.86 points, to
Affiliated Managers Group Advances; S&P Marks New High as Dow, Nasdaq Gain Read More
An 80,000 lb. concrete monolith portion of a home developed by Jacksonville, Florida-based Montenero U. S. has been installed in Moore, Oklahoma, the site of a devastating tornado May 20, 2013. Comprising almost a third of the 1,885 square-foot house’s structural support, newsok.com informs MHProNews.com the shell will provide an
Modular Home Includes Disaster-Resistant Space Read More
Real estate investment trust (REIT) Sun Communities, Inc. (SUI) will release its fourth quarter, 2013 financials on Thursday, Feb. 14 before the market opens. Officials will discuss the results in a conference call later that same day at 11:00 AM eastern time, according to marketwatch.com. The conference call will be
Sun Communities to Release Q4 Results Read More
The Texas Manufactured Housing Association (TMHA) reports sales of new manufactured homes in October, 2013 rose +8.20 percent from September and increased +2.41 percent from Oct. of 2012. New sales year-to-date from October of last year were up +12.60 percent. MHProNews has learned sales of used manufactured homes rose 14.29
New Manufactured Home Sales for Texas Rise Read More
Alberta, Canada’s New Home Buyer Protection Act will offer more consumer protection when the mandatory warranty protection takes effect Feb. 1, 2014. The Canadian Home Builders’ Association-Alberta initially offered coverage on new homes beginning in 1974, and the new act ensures all builders meet the same standards. Modular and manufactured
Factory-built Homes Covered by New Mandatory Warranty Read More
Capping a 14-year legal battle between the city of San Rafael, California and Contempo Marin manufactured housing community (MHC), the United States Supreme Court let stand a lower court ruling that favored the city’s rent control ordinance. A U. S. district court ruled in favor of the Contempo, owned by
U. S. Supreme Court Refuses to Hear Equity LifeStyle Properties Appeal Read More
Toys collected by the residents of the Rose Garden Manufactured Home Resort in Surprise, Arizona just outside Phoenix were donated in support of the Surprise Police Department’s annual toy drive, according to yourwestvalley.com. Over 130 residents each donated a new toy and a roll of wrapping paper, as MHProNews has
Manufactured Home Residents Donate Toys to Surprise Police Department Read More
In Mayes County, Oklahoma, any 62 year-old (or older) head of the household whose gross annual income for the preceding year did not exceed $22,000 or 50 percent of the U. S. Department of Housing and Urban Development (HUD) median family income for the county may receive a Manufactured Home
Manufactured Home Owners to Receive Property Tax Exemption Read More
Good news from some of the largest financial institutions spurred investors back to the trading table, sending the Dow up over 100 points, as the Nasdaq and S&P responded positively as well. CNNMoney reports the Dow gained +115.92 points, +0.71 percent, to close at 16,373.86. The Nasdaq moved up +1.69
Cavco Gains Nearly Four Percent; Nasdaq Advances 1.69 Percent Read More
John Kozal, an engineer with Universal Forest Products, Inc. (UFPI) since 1994, has been mentoring high school students doing home design and construction since 2009, first at Union High in Grand Rapids, Michigan, and now at Central High. Seven students in particular received his undivided attention, according to schoolnewsnetwork.org, and
UFPI Engineer Mentors High School Students in Home Building Read More
Following up on a story we first covered Jan. 9, 2014 regarding a dispute over the rewarding of a debris removal contract in Orangeburg County, South Carolina, a subsidiary of Santee Modular Homes in South Carolina is suing the county for failing to comply with federal guidelines and county guidelines
Modular Home Company Sues County Read More
The town board of Richmond, in St. Croix County, Wisconsin, has passed a series of ordinances governing the placement, licensing, age, size, and structure of manufactured homes and the manufactured housing communities in which they might be sited in the city. The newrichmond-news.com reports violations could draw fines ranging from
Ordinance Governing Manufactured Homes Passes Read More
Mel Watt, the new Federal Housing Finance Agency (FHFA) director, is appointing four special advisors to assist him with policy and strategic decisions, MHProNews.com has learned from nationalmortgagenews.com. Megan Moore, who worked at the Treasury Department’s Office of Legislative Affairs, will be special advisor for intergovernmental affairs; Bob Ryan served
Watt Selects Advisors for FHFA Read More
The House Financial Services Committee (HFSC) will hold a hearing Tuesday morning, Jan. 14, 2014, on the effects of the Qualified Mortgage rule that became law two days before the scheduled session. HSFC Chairman Jeb Hensarling (R-TX) has long opposed the Dodd-Frank Act, saying the regulations unduly tighten credit for
Effects of Qualified Mortgage Rule Discussed Two Days in Read More
