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 National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI) reports 52 out of 350 housing markets have returned to pre-recessionary levels of activity. Based on current housing permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity. MHProNews has learned […]
Index Notes Uptick in Housing Market Read More
A modular affordable housing project for 16 low-income people with mental illnesses will be dedicated Wed., Oct. 9 in Closter, New Jersey, in the far northeastern corner of the state. After seven years and $3.5 million from the state’s special needs housing trust fund and other state sources, the Van
Modular Complex Serves Mentally Ill Read More
Although an abandoned, burned out manufactured home in Spout Springs, North Carolina has been declared a public nuisance, the stench, feral cats and cockroaches have plagued its neighbor, Jim Redgate, for five years. “The only change is every year more cockroaches crawl out of there, and more feral cats move
Abandoned Manufactured Home Draws Ire, Cats Read More
Investors, concerned that the continuing drama over the government shutdown and debt crisis may lead to default, expressed their fears today, as all three indexes dropped in today’s trading. CNNMoney reports the Dow dropped -136.34 points, -0.90 percent, to close at 14,936.24. Meanwhile, the Nasdaq moved down -0.90 percent, -37.38
Investors Pull the Reins; most Tracked Housing Stocks Slip Read More
As we enter national Fire Prevention Week through Oct. 12, 2013, the National Fire Protection Association (NFPA) says the Department of Housing and Urban Development’s (HUD) “Final Rule” for smoke alarms in new manufactured homes (MH) requires factory-installed hardwired or ten-year battery source, interconnected smoke alarms with battery back-up. As
Fire Safety Emphasized during Fire Prevention Week Read More
In the wake of Hurricane Sandy last October that ravaged over 100 factory-built homes in Moonachie, New Jersey’s Vanguard and Metropolitan Mobile Home Park, of the 3,500 people statewide awarded rebuilding grants, only ten were for manufactured homes. The 400 residences in the two communities comprise one of the most
Manufactured Home Owners of Moonachie Miffed in Jersey Read More
With home sites priced from $14,900 to $34,900, 23 out of 32 sites have been sold in Phase 2 at Country Estates manufactured homes subdivision in Fort Myers, Florida, says LeeCorp Homes. The 55-plus deeded lot development, according to naplesnews.com, offers lot and home prices from the low-$100,000s. MHProNews has
74 Percent of Manufactured Home Sites Sold Read More
Creative Concrete Products, LLC of Mount Vernon, Washington produces and installs Duraskirt, a concrete re-leveling skirting for manufactured and factory-built homes produced before 1995 that rest on steel frames supported by piers instead of a foundation. A change in leveling may be caused by the ground settling, resulting in doors
Leveling Solution Available for Manufactured Homes Read More
As follow-up to a story MHProNews posted July 29, 2013 regarding a reality TV show about a backwoods Louisiana family that built a dynasty selling a duck call and hooked up with Clayton Homes, Clayton is now offering a limited edition home inspired by one of the show’s stars. Si
Reality Show Star Endorses Clayton Manufactured Home Read More
M SPACE Holdings LLC formed in 2001 to provide emergency modular housing for catastrophic events, but has since branched into building up-scale and workforce modular housing, especially in the Williston Bakken oil and gas development in North Dakota. The company currently has seven developments located across six different locations, and
Company Moved from Single Modular Homes to Housing Developments Read More
Investors continued to remain cautious on the economy but did push all three major indexes into positive territory. CNNMoney reports the Dow gained +76.10 points, +0.51 percent, to close at 15,072.58. Meanwhile, the Nasdaq moved up +0.89 percent, +33.42 points to end today’s trading at 3,807.76, while the S&P advanced
Most Housing Stocks Advance, as do Three Major Indexes Read More
A 100 home site manufactured housing community has been listed for sale in New South Wales, on the south east coast of Australia. Residents of Acacia Ponds Village near Mirambula pay $85 a week for site rent, and it is 83 percent occupied, making it a good investment because of
Australian Land Lease Community on the Block Read More
Board Chairman Leigh Abrams of Drew Industries, Inc. (NYSE:DW) sold 10,000 of the company’s shares on the market at an average price of $44.09 for a total haul of $440,900.00. Abrams now owns 73,287 shares with a value of $3,230,827, according to northforkvue.com. Dated Sept. 26, the transaction was disclosed
Drew Director Sells Shares Read More
Economists at Wells Fargo Securities indicate that 857,420 new households were formed in the U. S. during 2012, but the number of homeowners dropped by 237,750, the fifth straight year that figure has dropped, while the number of renters increased by 1.1 million. In 2012 single-family homes accounted for 28.5
Homeownership Falls, Rentals Rise Read More
The Manufactured Housing Association for Regulatory Reform reports official statistics from the U. S. Department of Housing and Urban Development (HUD) reveal production of manufactured housing rose to 5,886 HUD Code homes for Aug. 2013, a 5.5 percent increase over the 5,580 homes produced in August, 2012. For 2013, cumulative
HUD Code Manufactured Housing Production Rises in Aug. Read More
Freehold, New Jersey-based UMH Properties, Inc. has acquired manufactured home community (MHC) Rolling Hills Estates in Carlisle, Cumberland County, Pennsylvania. The 91 homesite community, situated on 34 acres, sold for $1,720,000, and brings the company’s holdings to 69 MHCs comprised of 12,900 sites, according to marketwatch.com. Samuel A. Landy, President,
UMH Acquires Community in Oil Exploration Area Read More
Investors were busy selling stocks on the heels of the government shutdown and in anticipation of a much more serious debt ceiling problem, causing the major indexes to fall around one percent. CNNMoney reports the Dow dropped -136.66 points, -0.90 percent, to close at 14,996.48. Meanwhile, the Nasdaq fell -1.07
Government Gridlock Grim, may become Grimmer Read More
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will present its financial results for the third quarter ending Sept. 30, 2013 after the market closes Tue., Nov. 5. A conference call and live webcast will be held the following day, Wed., Nov. 6, at 11 AM EST. The dial-in
Killam to Announce Financials for Q3 2013 Read More
Despite the government shutdown and looming debt ceiling debate, the National Association of Home Builders (NAHB) forecasts growth of the housing industry will continue through 2015 although at a slightly slower pace, according to economists gathered for the NAHB’s Fall 2013 Construction Forecast Webinar. Noting the formation of households dropped
NAHB sees Roses through 2015 Read More
The government shutdown will immediately stifle approval of thousands of mortgages because lenders cannot access Social Security numbers and tax transcripts. If it lasts longer than a week or two it could dampen the slowly recovering housing market, according to what Mortgage Bankers Association (MBA) CEO David Stevens tells bloomberg.com.
Government Shutdown Hinders some Manufactured Home Loans Read More
