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 Rogers Park neighborhood in Chicago is the newest recipient of Starbucks’ modular drive-thru/walk-up coffee shop made of shipping containers, the sixth in the country for the 19,000 location chain. The units take about four people and two to three hours to unload and site them on the foundation. As …
Federal Emergency Management Agency (FEMA) Chief Craig Fugate met with Colorado Governor John Hickenlooper and members of the state’s congressional delegation to discuss rebuilding and housing options regarding the over 19,000 buildings and homes damaged, and 1,502 homes destroyed, by the flooding along the Front Range. In addition over 30 …
Emergency Manufactured Homes may Assist in Colorado Flooding Read More
The news that Larry Summers withdrew his bid to be the next Federal Reserve Chairman sent the S&P surging towards a new high in today’s trading, while the Dow spiked over 100 points and the Nasdaq nudged down. CNNMoney reports the Dow gained 118.72 points, +0.77 percent, to close at …
Dow Rises, S&P Nears New High, Housing Stocks Close Mixed Read More
In Ortley Beach, New Jersey, adjacent to Seaside Heights, where 2,200 of 2,400 bungalows were damaged or wiped out by Hurricane Sandy, builder John Westrum is beginning to replace some of them with modular homes, recently completing a model home. He says many of the bungalows are 60-years old and …
Homeowners in a subdivision north of Madison, Wisconsin have asked the Newport Town Board to initiate action to have a multi-section manufactured home removed from their subdivision. According to wiscnews.com, the town ordinance forbids mobile homes from being sited outside communities, but the Columbia County Planning and Zoning Department replied …
A discrimination lawsuit has been filed by the Department of Housing and Urban Development (HUD) for a violation of the Fair Housing Act against Whitacre’s Manufactured Housing Community in Inwood, West Virginia. A resident of the community with a psychiatric disability was injured during a home invasion and subsequently obtained …
The fully-equipped former Penn Lyon modular home plant outside Selinsgrove, Pennsylvania has been acquired by Arcon Group, Inc., a firm that specializes in managing modular construction that will now build its own modular units. Arcon founder Bud Miller, who once worked for Penn Lyon, expects to employ 100 within 18 …
The continuing reluctance on the part of the U. S. to attack Syrian targets and the anticipation of the Federal Reserve’s next move led investors to push the three major indexes higher to end trading for the week. CNNMoney reports the Dow gained 75.42 points, +0.49 percent, to close at …
Patrick, Cavco and LPX Advance Nicely; Three Major Indexes End Week Up Read More
Provider of equity research Sidoti & Company LLC has issued a BUY rating for the stock of manufactured housing community owner UMH Properties, Inc. based on its presence in the Utica and Marcellus Shale energy exploration region. Sidoti says an influx of workers and families to the area, which includes …
Producer of modular workforce buildings, mobile offices, and permanent modular buildings, Canada’s Atco Ltd. has sold its half of the joint venture in South America with Tecno Fast to its partner for Canada $124 million. The sale includes assets in Brazil, Chile, Colombia and Peru, according to winnipegfreepress.com. With 8,800 …
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at the full committee hearing on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report with Director Richard Cordray. “This morning we welcome Director Richard Cordray, Director of the CFPB, to deliver the bureau’s latest semi-annual report. Mr. …
The Britco Division of WesternOne, Inc. has entered a $100 million agreement to supply a major energy company with modular workforce accommodations in Northern Alberta, Canada. Comprised of over 1,500 rooms, 4-traders.com says the units will be built in Britco’s facilities in British Columbia, Canada. The project will get underway …
Modular Workforce Development Planned for Northern Canada Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports two rules proposed by the Environmental Protection Agency (EPA) as required by the 2010 Formaldehyde Standards for Composite Wood Products Act (the Act) would establish nationwide emissions standards for composite wood products, many of which are used in manufactured housing, and …
A modular dwelling which sits atop an eight-story building in downtown Hobart, Tasmania, Australia could be re-located in two years to a suburban area, a remote mountaintop or a beachfront. Created by Rosevear Architects and Tasmanian property developer Brett Torossi, each module is 10.5 feet wide X 22 feet long …
Investors stepped back from recent gains on the big board which have pushed major indexes to near record levels, as the indexes slipped slightly. CNNMoney reports the Dow fell -25.96 points, -0.17 percent, to close at 15,300.64. Meanwhile, the Nasdaq nudged down -0.24 percent, -9.04 points to end the day …
Tracked Housing Stocks Follow Lead of Major Indexes Read More
The devastating April 17 explosion at the West Fertilizer Co. in West, Texas destroyed the intermediate, high school and parts of the middle school. The West Independent School District (ISD) received $2.75 million from the Federal Emergency Management Agency (FEMA) to purchase several modular classrooms that will temporarily serve as …
Swedish retailer Ikea has partnered with the United Nations refugee agency (UNHCR) to develop a shelter now being used in Syrian refugee camps. The modular flatpack shelters, constructed to house up to five people, are made of insulated plastic panels that snap into a metal frame. The units also have …
Private/Public Collaboration Issues Flatpack Modular Shelter Read More
The Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame (Hall) Selection Committee is actively seeking nominations for the class of 2014. Darryl Searer, Hall president, said, “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.” …
Mortgage applications fell 13.5 percent from last week, and the 30-year fixed-rate mortgage rate rose from 4.51 percent to 4.57 percent this week, according to HousingWire. Mortgage Bankers Association (MBA) reports the Refinance Index fell 20 percent from the previous week, and 71 percent from the week of May 3. …
One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re …
