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 Consumer Financial Protection Bureau (CFPB) says 30 percent of homeowners over 70 have mortgages to pay off. A study for 2001 reports eight percent of owners over 75 were carrying mortgage debt. More homeowners over 65 continue to pay on their homes into their retirement years, and that may …
Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through …
A new proposal from the Columbus Junction (Iowa) Planning and Zoning Commission to the city council would create a manufactured housing (MH) district, and delete MH from R-2 and R-3 residential districts. According to muscatinejournal.com, current ordinances require any MH outside of a community to be placed on a permanent …
The Missouri University of Science and Technology entry in the U. S. Solar Decathlon 2013 competition adapts to the environment for sustainable efficiency. The modular Chameleon House relies on innovative engineered radiant systems incorporating solar thermal and roof mount collectors, ventilation and heat recovery. The adaptable partition wall with an …
The Engineering Excellence Awards in Sydney, Australia in Products, Manufacturing Facilities and Processes was conferred on TEKTUM Space2.0, for its design of a full-size modular house that is transported on a flatbed trailer which unfolds at the site with all services and finishes in place. According to engineersaustralia.org.au, the final …
Investors are looking beyond the possible government shutdown to corporate returns, as stocks moved slightly higher in today’s trading. CNNMoney reports the Dow gained 55.04 points, +0.36 percent, to close at 15,328.30. Meanwhile, the Nasdaq moved up +0.70 percent, +26.33 points to end today’s trading at 3,787.43, while the S&P …
Three Major Indexes Edge Up; Tracked Stocks Close Mixed Read More
Some 700 refugees displaced by the flooding in Calgary, Alberta, Canada in June of this year will be housed in manufactured home communities (MHCs) in the Great Plains neighborhood of Calgary, and may have to remain there through the winter. A longer- term neighborhood of manufactured homes will be sited …
Current zoning laws in Midland, Texas prevent updated manufactured housing (MH) from replacing dilapidated factory-built homes because the zoning has been changed since the homes were sited. 1F3 zoning in certain areas only allows for stick-built homes in certain areas. As cbs7kosa.com tells MHProNews, the city says up to 28 …
Restrictive Zoning of Manufactured Homes may be Lifted Read More
The chairman of the board of Third Avenue Assets Management, Marvin Whitman, announcing the company’s third quarter portfolio update, has acquired a 20 percent stake in Cavco Industries, Inc., a $510.4 million market cap with stock up over 25 percent in the last 12 months. He purchased 1,809,108 shares when …
Word is making the rounds the Federal Housing Administration (FHA) will need a U. S. Treasury bailout when the fiscal year ends, as HousingWire has learned from a report by Reuters. There was a suggestion several months ago from FHA and the White House of a possible need for a …
FHA Bailout may be Impending—Price Tag Nearly a Billlion Read More
The National Association of Home Builders (NAHB) reports August sales of new, single-family homes rose 7.9 percent to a seasonally-adjusted annual rate (SAAR) of 421,000 units, offsetting a slight decline in July resulting from a rise in mortgage rates. Says NAHB Chief Economist David Crowe, “We are only about halfway …
Following a story we last posted Nov. 27, 2012 regarding manufactured homes imported into Minot, North Dakota by the Federal Emergency Management Agency (FEMA) to house survivors of the Souris River flood in 2011, the FEMA mission ended Sept. 24 as the last households secured permanent housing. Over 2,000 manufactured …
Investors stepped back from the market today, concerned about the possible shutdown of the government and the debt ceiling controversy, as all three major indexes declined. CNNMoney reports the Dow dropped -61.33 points, -0.40 percent, to close at 15,273.26. Meanwhile, the Nasdaq nudged down -0.19 percent, -7.15 points to end …
Government Gridlock over Shutdown and Debt Ceiling Stalls Stocks Read More
A small group of architects in post-war Japan, trying to overcome problems that plagued traditional urban planning, created the Nakagin Capsule Tower, a building containing 140 modular unit capsules of just over 100 square feet each. It’s intent was to provide housing for businessmen who needed an urban home during …
The 2013 Western Housing Conference will be held at the Radison Fort McDowell Casino in Fountain Hills, Arizona Nov. 7 and 8. The program will feature leaders in manufactured housing lending. Tim Williams of 21st Mortgage Corporation will keynote the conference Thurs. night speaking on the Preserving Access to Manufactured …
Conference to Focus on Manufactured Housing Lending Read More
The Chief Economist of the Real Estate Center at Texas A&M University forecasts higher prices, reduced inventory and more home sales in 2014 for the state. Mark Dotzour says, “If you are a real estate professional in Texas, I would suggest that you not take a vacation at all in …
Mark Dotzour: Texas Housing Recovery in Full Swing Read More
Following up on a post MHProNews last reported Sept. 3, 2013 regarding Equity LifeStyle Properties’ (NYSE:ELS) successful appeal of a sharp rise in taxes on two manufactured housing communities (MHCs) in Florida, over $200,000 in property taxes are once again at stake. Sarasota County Property Appraiser Bill Furst contends the …
Battle Rages over Value of Manufactured Housing Communities Read More
Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one, …
While New York City’s first modular apartment building, the six-story, 28-unit Stack recently opened its doors, Hempstead, Long Island in Nassau County will field its first occupants of a modular apartment building next month (October, 2013). The 29-unit complex, Village Lofts, will feature wide plank maple floors as well as …
Following on the heels of Miss South Carolina’s line in the Miss America Beauty Pageant about factory-built homes in her home state, the British Broadcasting Corporation (BBC) asks rather rhetorically why so many Americans live in these dwellings. Based on U. S. Census figures, 20 million Americans occupy 8.5 million …
