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.
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
The number of renter households is expected to increase five to six million in the next ten years above the nearly 40 million now in the housing stock, according to the National Association of Realtors (NAR). Even as Harvard University’s Joint Center for Housing Studies reports 162,000 one-time homeowners became
Woodward County Commissioners in Woodward, Oklahoma have approved the final plat for a housing addition that will allow site-built as well as manufactured and modular homes. Riata Ranch was approved for a second time as commissioners felt the need to spell out covenants and restrictions in more detail. In assuring
New Addition—Mix of Manufactured, Modular and Site-Built Homes Read More
Eastern District Commissioner Ray Weter of Christian County, Arkansas, noting the need for additional courtroom space, has proposed moving the sheriff’s office out of the justice center in Ozark, where the need for more courtroom space is needed, and into an $800,000 two-story modular building which would be built next
Modular Sheriff’s Office/Jail would Ease Overcrowding Read More
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray received criticism during a hearing Tue., Jan 28 from the Chairman of the House Financial Services Committee, Jeb Hensarling, (R-TX), who said his committee is already hearing negative feedback from consumers regarding the Qualified Mortgage rule which went into effect Jan. 10.
CFPB Director Cordray Grilled at House Financial Services Committee Hearing Read More
Investors, plowing through corporate returns and responding to turmoil in emerging markets settling down, moved the three major indexes into the plus column as the Dow advanced nearly 100 points. CNNMoney reports the Dow Jones Industrial Average gained 90.68 points, +0.57 percent, to end the day at 15,928.56. The Nasdaq
Skyline Corp. Tops Advances Second Consecutive Day Read More
Resident-owner Doug LeFevre of the Sandpiper Resort co-op manufactured home community has requested a variance to replace his manufactured home with one that will be 25-feet, higher than the 15-foot limit now governing manufactured housing communities in Bradenton Beach, Florida. The co-op board of directors has approved the request, according
Two-Story Manufactured Homes Coming to Florida? Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews.com the House of Representatives Financial Services Committee is establishing an internet link for people to give first hand accounts of how the new Dodd-Frank Act and its implementation by the Consumer Financial Protection Bureau (CFPB) is affecting them. This window
Congress Opens a Dodd-Frank Complaint Window Read More
A recent study conducted by Zillow and the National Urban League revealed that African-Americans are less likely to apply for a mortgage than any other ethnic group, and are 2.4 times more likely to be denied a mortgage than whites. Just over 25 percent of African- Americans are rejected, versus
Minorities Get Short End of Housing Stick Read More
Despite sales of newly-built, single-family homes falling seven percent in December to a seasonally-adjusted annual rate of 414,000, home sales in 2013 rose 16.4 percent over the previous year, reports the National Home Builders Association (NAHB). “Consumers are getting used to more realistic mortgage rates, which still remain favorable on
New Home Sales Fall in December but Rise on the Year Read More
