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 Chief Economist of the Real Estate Center at Texas A&M University forecasts higher prices, reduced inventory and more home sales in 2014 for the state. Mark Dotzour says, “If you are a real estate professional in Texas, I would suggest that you not take a vacation at all in […]
Mark Dotzour: Texas Housing Recovery in Full Swing Read More
Following up on a post MHProNews last reported Sept. 3, 2013 regarding Equity LifeStyle Properties’ (NYSE:ELS) successful appeal of a sharp rise in taxes on two manufactured housing communities (MHCs) in Florida, over $200,000 in property taxes are once again at stake. Sarasota County Property Appraiser Bill Furst contends the
Battle Rages over Value of Manufactured Housing Communities Read More
Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one,
Drew Industries Makes the Grade Read More
While New York City’s first modular apartment building, the six-story, 28-unit Stack recently opened its doors, Hempstead, Long Island in Nassau County will field its first occupants of a modular apartment building next month (October, 2013). The 29-unit complex, Village Lofts, will feature wide plank maple floors as well as
Modular Apartments Set for Long Island Read More
Following on the heels of Miss South Carolina’s line in the Miss America Beauty Pageant about factory-built homes in her home state, the British Broadcasting Corporation (BBC) asks rather rhetorically why so many Americans live in these dwellings. Based on U. S. Census figures, 20 million Americans occupy 8.5 million
BBC Checks Out Manufactured Homes in U. S. Read More
The threat of a government shutdown and subsequent need to raise the debt ceiling sometime around the middle of October led investors away from the Big Board as the Dow and the S&P closed down for the fourth straight day, while the Nasdaq managed to squeak away with a minor
Concern with Government Stalemate Shrouds Stocks Read More
A 3,200 square foot home in Miami Beach, Florida has achieved the highest LEED Platinum certification known to have been given in the nation. Rated at 120/89.5, a HERS (Home Energy Rating System) Index: -8 (100 is normal for new construction), and earning the National Green Building Standard of EMERALD
Home has Highest LEED Certification in U. S. Read More
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
The all-volunteer Yarnell Hill Recovery Group was formed specifically to assist the 11 uninsured homeowners whose homes were destroyed in the Yarnell Hill Fire to rebuild in Yavapai County, Arizona. Of the eleven residences, four were manufactured homes, and they will be replaced with manufactured homes; the stick-built homes will
Volunteers Replace Homes Destroyed by Fire Read More
Paul Bradley, president of ROC (resident-owned communities) USA LLC has been chosen the Carsey 2013 Social Innovator of the Year, which recognizes a New England business leader with a commitment to social innovation and business. ROC USA assists residents of manufactured home communities (MHCs) form co-ops to buy their own
Paul Bradley Honored for Developing Manufactured Housing Co-ops Read More
Workforce housing provider Target Logistics has resource-efficient features at its Dunn County Lodge just north of Dickinson, North Dakota. The modular units have low-flow showers and sinks, the 60 washers and dryers used by the 450 tenants are energy efficient and housekeeping re-dyes old towels and repairs torn sheets. Workers
Energy Efficiency is Hallmark of Modular Workforce Housing Read More
Canadian-American Structured Solutions (CASS) opened in May 2012 in Billings, Montana vowing to provide 100 jobs, as it filled modular housing orders for workers in the Bakken oil fields in western North Dakota. Updating a story MHProNews posted Jan. 26, 2013 regarding the company’s temporary layoff of 30 employees due
Modular Builder in Montana Shuts Doors Read More
The continuing battle in Congress over the possible shutdown of the government kept investors in the background, leading to a decline in the three major indexes. CNNMoney reports the Dow dropped -49.71 points, -0.32 percent, to close at 15,401.38. Meanwhile, the Nasdaq fell -0.25 percent, -9.44 points to end today’s
UMH the only Tracked Stock that Gains Read More
Of the 30 largest metropolitan areas that the Zillow Real Estate Market report analyzes, 20 experienced annual home value increases of at least ten percent in August, the most significant of which were in California cities—Sacramento rose 34.1 percent—plus Las Vegas and Phoenix. Overall, 85 percent of the 382 markets
Home Values Spike, especially out West Read More
In an attempt to avoid the conversion of manufactured home communities (MHC) to other uses and thereby force people to move, the Spokane Valley City Council, while conscious of private property rights, want to increase the density in existing communities. According to spokanevalleyonline, it could also hold down rents, retain
City wants to Retain Manufactured Home Communities Read More
The 15 manufactured housing communities (MHC) in Callaway, Florida near Panama City range from modern developments with newer homes and paved streets to older flat-roofed factory-built homes sited on rough roads with no paved parking. A 1998 ordinance regulates new MH developments, but now a city commissioner wants pre-ordinance communities
City Hopes to Upgrade Older Manufactured Home Communities Read More
The town of Springerville, Arizona has adopted a new amendment to their factory-built home ordinance. Any manufactured home built after 1976 must comply with the IBC (International Building Code) and the UBC (Universal Building Code) and inspected by the town’s building inspector. In addition, all manufactured homes (MH) being moved
Ordinance Specific to Older Manufactured Homes Read More
HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is
HFF Secures Loan for Kingsley Management Read More
The uncertainty of a possible government shutdown and possible tapering of the Federal Reserve’s Quantitative Easing drew down all three major indexes, especially the Dow, which fell just under 200 points. CNNMoney reports the Dow dropped -185.46 points, -1.19 percent, to close at 15,451.09. Meanwhile, the Nasdaq fell -0.39 percent,
Skyline Rises while Major Indexes Fall Read More
In response to the South Carolina beauty contestant at the Miss America pageant who made fun of her home state’s bounty of manufactured homes, as MHProNews covered Sept. 16, 2013, Brian Hicks with The Post and Courier says the line— “I’m from the state where 20 percent of our homes
Beauty Queen’s Sarcastic Remarks Spark Interest in MH Read More
