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 last reported Oct. 9, regarding the “stop work” order issued to the IBTS that may stop the shipments of manufactured homes due to the government shutdown, Vice President, Regulatory Affairs for the Manufactured Housing Institute (MHI) Lois Starkey reports the U. S. Department of Housing and […]
Stop Work Order Lifted by House Subcommittee Read More
A group of businessmen seek to turn a a long-vacant warehouse in Camden, New Jersey into a global manufacturer of modular homes, with the potential of hiring 1,000 employees. The $30 to $40 million for the project is expected to come from private, state and federal sources, with a planned
Empty Building will come to Life Producing Modular Homes Read More
The three major indexes all advanced over the one-half percent mark to end the week on a high note as investors maintained belief that the government shutdown and debt ceiling crisis’ may be ending soon. CNNMoney reports the Dow gained +111.04 points, +0.73 percent, to close at 15,237.11. Meanwhile, the
Tracked Housing Stocks, Major Indexes Advance Read More
Owner/operator of manufactured housing communities in Canada, Parkbridge Lifestyle Communities, Inc. is using air miles to lure customers to its newest retirement community in Spruce Grove, Alberta, Canada. Heritage Creek homebuyers can earn 10,000 reward miles on any new home purchase of $220,000 or more as long as the deal
Parkbridge Opens New Community Read More
While a number of government loan programs have been slowed by the shutdown in Washington, the entire staff of the U. S. Department of Agriculture Rural Housing Service has been furloughed, paralyzing the processing of loans for rural Americans. As nationalmortgagenews reports, Don Frommeyer, president of the National Association of
Government Shutdown Shuts Down Rural Home Loans Read More
A former sports field is the site of a planned $1.29 million, 100-home manufactured housing community in the Mayfield area of Newcastle, just north of Sydney, Australia on the southeast coast. Neighbors have expressed concerns over crime, congestion, flooding and the loss of a recreation area, according to theherald.com.au. Named
Australian Manufactured Housing Community Planned Read More
MHProNews has learned from fortmillstimes.com a Berkshire Hathaway subsidiary has acquired Kova Solutions, LLC, a provider of business management software targeted to integrating and controlling residential construction and manufactured housing from beginning to end, from sales to scheduling to warranty. Chesterfield, Missouri-based MiTek, a Berkshire Hathaway company since 2001, with
Acquisition Feeds into Manufactured Housing Production Read More
Treasury Secretary Jack Lew told members of the Senate Banking Committee failure to raise the debt limit could result in the rise of interest rates, possibly jeopardizing the nascent housing recovery, as well as lead to higher costs on retirement accounts and make it more expensive to buy a car
Raise Debt Limit or Risk another Recession, says Lew Read More
The owner of the 53 home sites at Summer Winds in Old Orchard, Maine hopes to convince the town’s planning board to change use of the units from seasonal to year-round. The gated community is currently classified as a resort community that can only be occupied from April 1 to
Maine Modular Development Seeking Year-round Occupancy Read More
Talk of a resolution of the gridlock in Washington was enough to spur the three major indexes to an over two percent gain each. CNNMoney reports the Dow spiked +323.29 points, +2.18 percent, to close at 15,126.07. Meanwhile, the Nasdaq advanced +2.26 percent, +82.97 points to end today’s trading at
Possible Deal to avoid Debt Crisis Lifts Stocks Read More
Founded in 1971 as a manufactured home retailer, Oak Creek Homes of Texas began building manufactured homes in 1993 and recently celebrated the production of its 50,000th home, as MHProNews has learned. With manufacturing facilities in Fort Worth and Lancaster, Texas and Lynn, Alabama the 705 employees build homes ranging
Oak Creek Celebrates Milestone Read More
The drivers of the two sections of a manufactured home temporarily blocked northbound Highway 29 in California after taking the wrong route and realizing their loads would not clear the Old Sonoma Road overpass. They were supposed to take Highway 221 on their way to Napa Valley Mobile Home Park
Manufactured Home Drivers Stop Short of Certain Damage Read More
Green Courte Partners, LLC of Lake Forest, Illinois announces the appointment of Susan A. Rowe to head the firm’s sustainability initiatives dealing specifically with manufactured housing communities and parking facilities. According to digitaljournal.com, Ms. Rowe will represent Green Courte at the Real Estate Roundtable’s Sustainability Policy Advisory Committee and at
Green Courte Announces Vice President Read More
As follow-up to a story we posted yesterday, Oct. 8, that the government shutdown may affect the shipment of manufactured homes because the IBTS has been issued a stop work decree, Lois Starkey of the Manufactured Housing Institute (MHI) wants to be notified when manufacturers are running short on certification
Keep Lines Open to Manufactured Housing Institute Read More
Bellingham, Washington voters approved a tax levy in 2012 to provide affordable housing for indigent people. Of the three million a year the Bellinghma Home Fund will take in over the next seven years, in additon to providing rental assistance and preservation of existing buildings, $250,000 will be spent to
Local Taxes Will Repair Manufactured Homes Read More
Despite the government shutdown and looming debt ceiling crisis, the Dow and the S&P both edged up slightly on news that Janet Yellen is to replace Ben Bernanke as the next head of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average gained 26.45 points, +0.18 percent, to end
Housing Stocks Mixed; New Fed Head Lifts Dow, S&P Read More
The early sellout of model home floor space for the 2014 Louisville Show is one of many signs that the trade show is on a strong track. Last year set a post 2010 record for attendance, making Louisville the best attended manufactured housing industry event. Attendees MHProNews has spoken to
Louisville Manufactured Housing Show Draws Praise and Enhanced Interest Read More
Grand Rapids, Michigan-based Univesal Forest Products Inc. (NYSE:UFPI) is acquiring certain assets of SE Panel and Lumber Supply of South Daytona, Florida for an undisclosed dollar amount. According to businessweek.com, the acquisition, which adds products to its lineup and expands its reach, is expected to close next month. As MHProNews
Universal Acquires Concrete and Lumber Supplier Read More
The Wisconsin Housing Alliance has learned a “stop work” directive has been issued from the Obama Administration to the Institute for Building Technology and Safety (IBTS) that may choke off shipment of new HUD Code manufactured homes (MH). IBTS is a non-profit that provides contractor support for monitoring services of
Shutdown May Shut Down HUD Code Home Shipments Read More
The continuing fears about the government shutdown and even more so, the looming debt ceiling crisis, is giving jitters to investors as all three indexes dropped one to two percent. CNNMoney reports the Dow Jones Industrial Average plummeted -159.1 points, -1.07 percent to end at 14,776.53. The Nasdaq fell a
Washington Gridlock Strikes Fear in Investors, Tracked Housing Stocks Read More
