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.
Halifax, Nova Scotia, Canada-based Killam Properties reports property revenue for the third quarter ending Sept. 30, 2013 rose 9.4 percent over the same period last year, $37,095,000 over $33,894,000, while net operating income increased from $21,442,000 in Q3 2012 to $23,250,000 for the most recent quarter, a gain of 8.4 …
Following the bursting of the housing bubble, lenders were requiring 20 percent down on loans or else consumers had to go with the Federal Housing Administration (FHA) for a low down-payment loan. Now some banks are offering mortgages for as little as five percent down, according to CNNMoney. The FHA’s …
The wbjournal reports a Northborough, Massachusetts company that provides lending services to buyers of manufactured homes is expanding its offices beyond New England into New York, Maryland and Delaware. Chris Schofield founded Priority Funding in 2003, and after originating approximately 3,500 loans, has decided he has maximized his potential in …
Investors stood on the sidelines and watched more than acted in today’s trading, leaving the market to flounder. CNNMoney reports the Dow Jones Industrial Average nudged down -20.9 points, -0.13 percent, to close at 15,618.22. The Nasdaq rose +0.08 percent, +3.27 points, to end the week at 3,939.86 while the …
Most Tracked Housing Stocks Fall as Three Major Indexes Flounder Read More
A regular feature on Google’s search engine page, Google Doodles celebrates anniversaries, occasions and events. Today honors the birth in France on Nov. 5, 1893 of Raymond Loewy, designer of everything from automobiles to Coca-Cola vending machines to cigarette packaging to the Greyhound Scenicruiser, as well as logos for Shell, …
Birthday Today: Raymond Loewy, “Father of Industrial Design” Read More
Hackles are up among residents in Zeus Park in Martin County, Florida regarding an off-site built home that has been placed in one of the county’s oldest residential neighborhood. Assistant Martin County attorney Krista Storey said the information posted inside the structure indicates it meets standards to a modular home, …
As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to amm.com. Chief Financial Officer (CFO) Joseph S. …
With legislation passed last year to allow micro apartments of 220 square feet in San Francisco as a means to address the housing shortage and accompanying rising cost of living space, 120 of the approved 375 units are now in the works. At $1,300 a month, they are designed for …
Updating a story MHProNews last published Oct. 3 regarding Federal Emergency Management Agency (FEMA) efforts to find housing for Colorado’s September flood victims, 9news.com reports from Henderson, CO the first 16 of 50 or more manufactured homes have arrived at a parking lot behind a flea market north of Denver. …
The three major indexes edged higher as investors continued the momentum from last week in pushing prices up. CNNMoney reports the Dow Jones Industrial Average nudged up 23.57 points, +0.15 percent, to close at 15,639.12. The Nasdaq rose +0.37 percent, +14.55 points, to end the week at 3,936.59 while the …
Nobility Homes Spikes; Three Major Indexes Edge Up Read More
Statistics compiled by the Department of Housing and Urban Development (HUD) reveal the production of manufactured homes rose almost 25 percent in Sept. over Sept 2012—5,483 homes versus 4,393 HUD Code homes in 2012. The Manufactured Housing Association for Regulatory Reform (MHARR) further informs MHProNews total production for 2013 is …
Due to the generosity of Fairmont Homes of Nappanee, Indiana the RV/MH Hall of Fame and Museum now has a modern manufactured home to display along with all the other exhibits and historical information, according to a press release from the museum. Darryl Searer, president of the RV/MH said Fairmont …
Following a story MHProNews published Oct. 24, 2013 regarding a pilot project to replace ten aging factory-built homes with new energy efficient manufactured homes in Vermont, realestaterama reports the occupants will see an immediate 70 percent reduction in their energy costs. The new dwellings feature triple pane windows, heat recovery …
Project Replaces Aging Dwellings with New Manufactured Homes Read More
The yakimaherald.com in Washington reports the state department of transportation has temporarily banned manufactured homes from traveling Interstate 82 from Prosser, WA to mile marker 131 near the Oregon border. Wind gusts of up to 50 miles per hour were expected over the weekend, and the restriction is in effect …
Kenneth D. Brown, 79, of Toddville, Iowa, a longtime member of the Iowa Manufactured Housing Association (IMHA) and owner of Bali Hai land lease community in Hiawatha, Iowa passed away Oct. 31. He was also co-owner of Brown and Dyer Construction, with Jim Dyer, and a cattle farmer for many …
Updating an MHProNews post from Oct. 24 regarding the Federal Emergency Management Agency’s (FEMA) support for those displaced by the recent flooding in Colorado, CBS4.com reports from Evans, CO the government agency has extended temporary housing assistance for two weeks. The extension will allow some families to remain in hotels, …
Updating a story MHProNews posted Oct. 28 regarding the repurposing of the crumbling Packard Automotive Plant in Detroit into a modular home manufacturing facility by a Texas doctor and her investors, as of this writing that will not happen. The dallasobserver.com reports Dr. Jill Van Horn, a family physician in …
The three major indexes all nudged up modestly to end the week as investors believe there is more room for the market to grow. CNNMoney reports the Dow Jones Industrial Average nudged up 69.80 points, +0.45 percent, to close at 15,615.55. The Nasdaq rose +0.06 percent, +2.33 points, to end …
Tracked Housing Stocks Mixed; Three Major Indexes Gain Modestly Read More
Drew Industries, Inc. (NYSE:DW) reports net income of $14.8 million for Q3 2013, or $0.62 per share, compared to $9.8 million in net income for the same period of 2012, an increase of52 percent. Net sales in the third quarter 2013 hit $251 million, 11 percent higher than the comparable …
A southbound truck tractor hauling a manufactured home on Interstate 35 in Lorena, Texas blew a tire, hit a barricade on the side of the highway and then struck another semi. No one was injured but the debris led to traffic being diverted onto an access road for several hours, …
