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.
Continuing the saga of Garden Homes Management Corp.’s seven year attempt to build a 124-unit manufactured housing community in Oxford, Connecticut, as MHProNews last covered Sept. 20, 2013, Nov. 14 saw another four and one half hour hearing to resolve the inland wetlands issue and storm water management without conclusion. […]
Seven-Year Battle to Build Manufactured Housing Community Continues Read More
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for Nov., the sixth consecutive month of a rating over 50, although the percentage was unchanged from last month. The HMI gauges builders
Home Builders Remain Confident Read More
MHProNews has learned from dailyyonder.com, while an estimated 470,000 rural veterans live in manufactured homes (MH), they are less likely to live in MH than the rural population as a whole. However, twice as many rural veterans live in MH than veterans as a whole nationally. While rural areas have
Nearly 500,000 Vets Live in Manufactured Homes Read More
Even as several retailers, including Target and Dollar Stores, reported less than expected earnings, the Dow Jones Industrial Average finished the day above 16,000 for the first time ever. CNNMoney reports the Dow gained +109.17 points, +0.69 percent, to end the day at 16,009.99. The Nasdaq moved up +1.22 percent,
Dow Closes at New Record High; Nobility Drops Five Percent Read More
Arlington, VA. An announcement of the promotion for Jason Boehlert to Senior Vice President of Government Affairs at the Manufactured Housing Institute (MHI) will accompany the announced appointment of Rick Robinson as MHI Vice President of Government Affairs and General Counsel. Sources close to the Manufactured Housing Institute tell MHProNews
Boehlert promoted, Rick Robinson new GC at the Manufactured Housing Institute Read More
Following up on a story we posted Nov. 14, 2013 regarding the use of Eco Red Shield Lumber’s treated wood products for modular homes as part of the Hurricane Sandy rebuild, Google Finance reports on Nov. 15, 2013 Eco Building Products (ECOB) dropped 1.47 percent to $0.0067. Additionally, smallcapnetwork says
Investors: Hold Off on Eco Building Products Read More
WSIL TV tells MHProNews about three deaths in tornado-struck Brookport, IL. Local churches in Metropolis, IL were gathering food and clothing for victims, while emergency management teams moved into the area. Initial reports are unclear as to specific causes of the deaths involved in the storm. But as is often
Brookport, Illinois hit by weekend tornado, at least 3 dead Read More
If ObamaCare has your attention, don’t miss out on what some publishers are now calling Dodd-Frankery or Dodd- Frankenstein (aka Dodd-Frank). The SEC is required to publish an annual whistleblowers report, the 2013 download of which is available here. The attorneys behind the website “Dodd-Frank-com” state “ Fiscal 2013 drew 3,238
Dodd- Frankenstein – SEC 2013 Annual Whistleblower Report Read More
News from the Federal Reserve meeting that bond buying by the Fed may taper off even if the unemployment rate does not fall drove stocks downward in today’s trading. CNNMoney reports the Dow Jones Industrial average dropped -0.41 percent, -66.21 points, to end the day’s trading at 15,900.82. The Nasdaq
Liberty Homes Drops Precipitously: Three Major Indexes Fall Read More
60 years after ‘Airey-type’ homes were built using prefabricated concrete panels, these homes are getting a desirable make-over. The 1950s era construction were only expected to last a decade. Win Dolan, 62, lives today in a home with her husband Derek on Hebron Avenue. Dolan says she’s live here all
British PreFabs Get MakeOver after 60+ years Read More
Highlights-NAR-HBS-2013The National Association of Realtors (NAR) recently released its 2013 Profile of Home Buyers and Selelrs. Saint Louis Today tells MHProNews the American Dream of home ownership is alive and well. Sixty-six percent of buyers surveyed are married couples, the highest percentage since 2001. The percentage of single home buyers
NAR releases 2013 Profile of Home Buyers, Sellers Read More
A dispute between Columbia Drive Mobile Home Park and the town of Kennewick resulted in power being cut off to dozens of residents. The BellinghamHerald tells MHProNews that the city cut power to 24 homes, when the city alleged the 1950s electrical wiring might be a fire hazard to residents.
Parts of Kennewick’s Columbia Drive without Power Read More
Bulldozing Hoppers mobile home park in Sandusky OH has begun, the SanduskyRegister tells MHProNews. Joe Yost allegedly allowed water bills to go unpaid for years. Those bills are said to total $260,000, and were given as the reason by city officials to turn off the water last August 1 to
Bulldozing Hopper’s in Sandusky Read More
Sam Zell told the REIT (Real Estate Investment Trust) Industry in San Francisco, “Open Kimono, total transparency.” That was the key to success for REITs, said the chairman of Equity Lifestyle Properties (ELS), Equity Group Investments (EGI) and Equity Residential (EQR). Zell said that when the government passed the original
Sam Zell says, Open the Kimono Read More
With concerns that stocks are overvalued, investors stepped back as major indexes continued to knock on the door of record highs. CNNMoney reports the Dow Jones Industrial average dropped -0.06 percent, -8.99 points, to end the day’s trading at 15,967.03. The Nasdaq fell -0.44 percent, -17.52 points, to end the
Major Indexes Slide; Many Tracked Housing Stocks Follow Read More
Australia-based Ingenia will sell its three student accommodation units in Wellington, New Zealand, valued at $35.6 million and invest the receipts in more manufactured housing communities (MHCs). The company paid $10.7 million Nov. 19, 2013 for two MHCs north of Sydney, Australia in Hunter Valley with options to acquire two
Australian Firm, Ingenia, Adding to its Portfolio Read More
The Dow and the S&P hit new highs in today’s trading but were not able to remain at that level after Carl Icahn’s comments that companies are boosting profits thanks to low borrowing costs instead of strong management. CNNMoney reports the Dow Jones Industrial average fell to gain +0.09 percent,
Most Tracked Housing Stocks Fall; Major Indexes Move Little Read More
An architect in Mumbai, India, wanting to protect his father’s ancestral home from the annual rains that washed it out, turned to modular construction built up off the ground. According to deccanchronicle.com, the architect, Dipu George, deciding that conventional building would not serve his purpose, designed a two-story 1,350 square
Modular Homes in Mumbai Read More
In response to the housing crisis in Great Britain, Factory Homes in Hull, England has been working with New Charter Homes and developer Bowsall to site seven modular homes in northeast England’s Mossley, Manchester. The three bungalows and four detached homes were built in 45 days, replacing a former Homes
Modular Homes Meet Affordable Housing Needs in UK Read More
Marking the fastest quarterly growth since the current recovery began, the latest FNC Residential Price Index (RPI) rose 2.5 percent from Q2 to Q3 2013. As HousingWire informs MHProNews, FNC attributes the growth to rising home sales and a drop in foreclosure sales. Nationwide, foreclosure sales accounted for 13.4 percent
Quarterly Home Prices Rise the Most Read More
