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.
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 […]
Modular Home Manufacturing Plant Quashed Read More
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
Drew Posts Gains for Third Quarter 2013 Read More
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,
Blown Tire causes Manufactured Home to Crash Read More
ATCO Structures & Logistics has received a contract to provide modular housing facilities and site services for a 1,200 person workforce housing facility for the Shell Carmon Creek Project near the town of Peace River in northern Alberta, Canada. According to marketwatch, ATCO is partnering with the Woodland Cree First
ATCO Receives Workforce Housing Contract Read More
Cavco Industries, Inc. reports net revenue for the second quarter fiscal 2014 totaled $129.8 million, an increase of 17.9 percent over the $110.1 million for the comparable quarter of fiscal 2013. Net income for Q2 fiscal 2014 was $4.7 million, $2.0 million more than in the same quarter a year
Cavco Revenue Increases in Q2 Fiscal 2014 Read More
According to a recent Pew Research survey, 36 percent of college graduates are moving back in with their parents, unable to find good jobs and saddled with school debt. While they are saving money, it makes it more difficult to establish a credit history, especially if they have missed a
Student Debt may Hamper Housing Market for Years Read More
Although the last day of October distinguished itself by the three major indexes turning slightly red (losing), in fact the Dow gained over three percent and the S&P 500 gained nearly five percent on the month. CNNMoney reports the Dow Jones Industrial Average dropped -73.01 points, -0.47 percent, to close
Halloween Spooks most Tracked Housing Stocks Read More
MHProNews has learned from santamariatimes the Golden State Manufactured-Home Owners League (GSMOL) will partner with San Luis Obispo Mobilehome Residents Assistance Panel and North Santa Barbara County Manufactured-Homeowners Team to host an informational seminar for those living in manufactured homes. A variety of issues regarding living in manufactured homes will
Informational Seminar for Manufactured Community Residents Read More
Champion Home Builders, Inc. won several honors at the 2014 Jerry Rouleau Awards for Excellence in Marketing and Home Design, presented by the National Association of Home Builders’ (NAHB) Building Systems Council (BSC) during their “Showcase 24” held Oct. 21. The Excellence in Home Design is for the under-2,000 square
Champion Lives up to its Name Read More
The Department of Housing and Urban Development (HUD) will provide an additional $5 billion in relief funds to five states and New York City to supplement the $5.4 billion already granted in recovery efforts from Hurricane Sandy one year ago. New Jersey received $1.8 billion and will be getting an
Second Round of Funding for Rebuild Post Hurricane Sandy Read More
Following a story we last published July 9, 2013 regarding the possible acquisition of 224 homesite Spruces Mobile Home Park by the town of Williamstown, Massachusetts for possible future affordable housing, now the town selectmen want a vote taken in Dec. to move forward with returning the property to a
Flooded Manufactured Housing Community Returning to Natural State Read More
Continuing a tradition that began 22 years ago, Clayton Homes in Elkins, West Virginia, in coordination with 20 local businesses, sponsored its annual “Safe Trick-or-Treat” Tuesday night, Oct. 29 in a Clayton display home. General manager Judy Ritchie of Clayton says “We get phone calls starting two to three weeks
Clayton Homes Celebrates Halloween Read More
Investors were not encouraged by the Federal Reserve’s decision to continue its quantitative easing in support of the economy as all three indexes fell modestly. CNNMoney reports the Dow Jones Industrial Average dropped -61.59 points, -0.39 percent, to close at 15,618.76. The Nasdaq fell -0.55 percent, -21.72 points, to finish
Nearly All Tracked Housing Stocks and Three Major Indexes Fall Read More
The Texas Manufactured Housing Association (TMHA) has informed us that long-time TMHA member Bill Kotylo passed away Oct. 28, 2013. In addition to his position as president of the Standard Casualty insurance company in New Braunfels, Texas, he worked tirelessly on behalf of numerous community organizations including the New Braunfels
Passages: Bill Kotylo Read More
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality
Sam Zell: Multifamily Yea, Single-family Nay Read More
While the cost of manufactured goods has declined in the last 30 years, some significantly, the price of some services has skyrocketed. TV sets have fallen 98 percent, clothing 46 percent and toys have dropped 78 percent, due mostly to automation and supply chain management, as manufacturing goes through what
Housing Costs up 14 Percent since 1983 Read More
The S&P/Case Shiller Home Price Indices show an average price growth year-over-year in August of 12.8 percent for the 10-and 20-city composites, according to HousingWire. On a monthly basis, the composites rose 1.3 percent in August, with Las Vegas hitting 2.9 percent, its highest rate since August 2004. Detroit and
Large Metro Areas see Home Prices Rise, says S&P Case Shiller Read More
Addressing the Mortgage Banker’s Association’s (MBA) annual convention, Rep. Jeb Hensarling (R-Tex), stating the Dodd-Frank Act is the real barrier to mortgage finance reform, says it could raise interest rates from one to four percentage points and reduce the number of mortgages by half. HousingWire reports the chairman of the
Rep. Jeb Hensarling: Dodd-Frank Extends Woes of Mortgage Finance Industry Read More
Chairman of the National Association of Home Builders (NAHB) Rick Judson commends the bi-partisan support from two Senators and two Representatives for advocating identical legislation providing relief from rising flood insurance premiums. Reps. Michael Grimm (R-N.Y.) and Maxine Waters (D-Calif.) and Sens. Robert Menendez (D-N.J.) and Johnny Isakson (R-Ga.) support
Rising Flood Insurance Premiums Addressed in Legislation Read More
