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.
When John Samples received $750,000 funneled through the Osage City City Council and the Kansas Department of Commerce in 2006 for his Kan Build modular housing business via a Community Development Block Grant (CDBG), it was considered a safe gamble. Samples was a successful businessman who had received accolades including […]
Modular Housing Producer Sued for Lost Block Grant Funds Read More
Although the S&P index has gained 24 out of the last 30 Decembers, CNNMoney suggests investors may want to take a break since the index is up 26 percent this year. All three major indexes slipped in today’s trading as the Dow Jones Industrial Average lost 94.15 points, -0.59 percent,
Tracked Housing Stocks Close Mixed; Three Major Indexes Nudge Down Read More
Following up on a story MHProNews posted Oct. 24, 2013 regarding Southern Energy Homes moving into a new facility in Russellville, Alabama, plant manager David Brewer says needed modifications are under way, and he expects the plant to be operational by mid-March to May 1. He does not know how
Clayton Homes Subsidiary Preparing New Plant Read More
According to the Manufactured Housing Association for Regulatory Reform (MHARR), statistics from the U. S. Department of Housing and Urban Development (HUD) reveal HUD Code manufacturers produced 6,078 homes in October, an increase of 18.5 percent over the 5,127 homes in Oct. 2012. Total HUD Code production for the year
Manufactured Housing Production Rises again in October Read More
As part of their Prefabricated Housing—Global Strategic Market Report, researchandmarkets.com states the manufactured homes segment of the industry accounts for ten percent of housing starts in the U. S., and contributes significant revenues to the entire housing industry, especially since shipments began rising in 2011. While low housing costs particularly
Manufactured Housing Remains as Preferred Pre-Fab Read More
A group of ten families from the Basalt, Colorado Pan and Fork land lease community, which is scheduled for redevelopment, have formed an action committee seeking better relocation options from the owners, which includes the Roaring Fork Development Corp. (RFCDC) and the town of Basalt. The “Workers for Justice and
Residents to be Displaced want Better Housing Options Read More
Ever since a contractor accidentally cut power to the Beladean Trailer Park in Surrey, British Columbia, Canada two-and-one-half months ago, the remaining six residents (down from 11 since Sept.) have relied on generators for heat, but have been without phone service. MHProNews has learned from metronews.ca the manager of the
Community Residents without Power over Two Months Read More
The Minneapolis Multifamily Housing office, which serves people in the Dakotas, Iowa, and Wisconsin as well as Minnesota, will continue to offer financing, mortgage insurance and operating assistance to a variety of multifamily apartments, nursing homes and manufactured home communities, according to the Department of Housing and Urban Development. U.
HUD Retains Multifamily Housing Office Read More
Stocks slipped down towards the end of the trading day as investors learned sales on Black Friday were weaker than hoped for, pushing the three major indexes into the red zone for the first trading day of the month. CNNMoney reports the Dow Jones Industrial Average lost 77.64 points, -0.48
Major Indexes Slip; Cavco Falls 8.70 Percent Read More
According to Bank of the West Chief Economist Scott Anderson, many potential home sellers have been watching prices increase on homes, waiting for the right time to sell. He says, “If they see that softening in home prices, I think you will see more potential sellers jump into the market.
Housing Analyst: Balance Coming to Housing Market Read More
Updating a story MHProNews posted Nov. 8, 2013, Marcus & Millichap’s Cleveland office represented Melrose MHP LLC in closing the sale of five manufactured housing communities (MHCs) to real estate investment trust (REIT) UMH Properties for $11.8 million. According to rejournals.com, the homesites cost $22,736 per. UMH has been particularly
Seller Identified in Manufactured Housing Community Transaction Read More
Following an earlier story regarding Killam Properties of Canada’s sale of 2,308 New Brunswick manufactured housing homesites for $69 million, MHProNews has learned the buyer is Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN). The eleven communities, all in Atlantic Canada and primarily in scenic rural areas, include Pine
Manufactured Housing Community Buyer Identified Read More
Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from
Leadership Change at Killam of Canada Read More
MHProNews has learned the Municipal Planning Commission (MPC) for the District of Willow Creek north of Fort Macleod, Alberta, Canada has approved the application for a couple to move their 2,280 square foot modular home. North of Nanton, it is the second residence on the same parcel of land. Also
Manufactured Homes Moving in Canada Read More
While the New Orleans City Council is sparring with Sheriff Marlin Gusman over how large the new jail will be, debate is continuing over whether the sheriff (who is running for re-election) intended to comply with an ordinance that limits the number of inmates due to budgetary constraints. Inmates are
Modular Buildings House Inmates in the Big Easy Read More
Noting that Oklahoma City is the only larger metro area with a stable homeownership, HousingWire suggests that rural areas may be the next move to find affordable homes. Homeownership in New York is 53.9 percent, while in West Virginia, where the median home value is $98,300, it is 72.9 percent.
Homemownership Declining Read More
A shortened trading day resulted in stocks ending the month flat, as many traders took the day off, but November overall was a definite plus for the stock market. CNNMoney reports the Dow Jones Industrial Average lost 10.92 points, -0.07 percent, to close at 16,086.41 points. The Nasdaq advanced +0.37
Major Indexes, Tracked Housing Stocks End the Month Mixed Read More
The Woolrich area of South London, once thought of as a dangerous region, is experiencing an “embryonic reinvention” of housing under development, including 60 one and two-bedroom modular apartments with occupancy priority going to households working or living locally earning $62,000 to $81,000 annually. Woolrich Central is comprised of a
Redevelopment Includes Modular Apartments in London Read More
The New Hampshire Business Review tells MHProNews the New Hampshire Community Loan Fund (NHCLF) has helped over 100 manufactured home communities (MHC) convert to resident-owned cooperatives in the 30 years since the Sisters of Mercy invested their pension fund in the non-profit. The residents of the Meredith Trailer Park formed
Funder Celebrates 30 Years Supporting Community Cooperatives Read More
MHProNews has learned from tickerreport.com Universal Forest Products Inc. (UFPI) has declared a $0.21 per share semiannual dividend payable Sunday, Dec. 15th to shareholders of record Dec. 1, 2013. UFPI’s previous semiannual dividend was $0.20. On Oct. 23 analysts at Zacks upgraded shares of UFPI from “neutral” to “outperform” rating
Semiannual Dividend Declared by UFPI Read More
