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 foreign press has picked up an advertorial, evidently from the Michigan Manufactured Housing Association in Okemos, MI, promoting manufactured housing communities (MHC). The Middle East North Africa Financial Network (MENAFN) emphasizes the ideal amenities, options, services, and other positive attributes of living in an MHC in MI, although with […]
News from the Middle East about Michigan Read More
Rep. Patrick McHenry, (R-N.C.) rapped Consumer Financial Protection Bureau (CFPB) Director Richard Cordray for suggesting credit unions make mortgages to borrowers they see as a reasonable credit risk even though they fall outside the guidelines of the qualified mortgage (QM) rule. Rep. McHenry says that is opening the door for
Congressman Criticizes Cordray Read More
The lack of first-time homebuyers who are choosing to rent or remain with their parents is causing concern among industry experts. In addition, many young adults only remain at their jobs for two of three years resulting in the lack of interest in being tied to a mortgage. MHProNews has
Housing Recovery Sidetracked by Dearth of First-Time Homebuyers? Read More
The National Association of Home Builders (NAHB) reports 44 markets have been added to the First American Improving Markets Index (IMI) for Sept., bringing the number to 291, the highest number since the index began two years ago. Based on improvement in housing permits, employment and home prices for at
Improving Housing Market Hits Highest Level Read More
As fears of a military strike in Syria may be fading, the Dow spiked 140 points and the S&P and Nasdaq each gained one percent or more. CNNMoney reports the Dow gained 140.62 points, +0.94 percent, to close at 15,063.12. The Nasdaq advanced +1.26 percent, +46.17 points to end the
Several Tracked Housing Stocks Join the Three Major Index Rise Read More
While Fire Station 1 in Napa, California is undergoing a $700,000 seismic upgrade, most of the firefighters have moved to Fire Station 2, doubling up on the accommodations, likely only until the end of the year. The napavalleyregister reports one fire truck remains parked outside Station 1. The firefighters assigned
Firefighters Move into Modular Housing Read More
The South Pacific Ocean city of Gympie, just north of Brisbane, Australia is home to Gympie’s Wholesale Building Solutions, manufacturer of modular homes using a fire resistant, insulating foam panel. Karra Corbet bought the Australian rights to Polyphen, and on Sept. 8, the first completed modular residence was loaded onto
There is Nothing Gimpy about Gympie Read More
Elkhart, Indiana-based Patrick Industries (NASDAQ:PATK) announces the acquisition of Frontline, Mfg., Inc. and Premier Concepts, Inc., two related companies, both of nearby Warsaw, IN for $8 million. Frontline manufactures bath fixtures for the manufactured housing and recreational vehicle markets, and has projected revenues for this year of $15 million. Premier
Patrick Industries Acquires a Duet Read More
The Islamic Center of Clermont, Florida has been using a multisection manufactured home as a place of worship for five years, removing interior walls as the congregation has grown. Each Friday 150 people crowd into the structure, but with no more walls to remove, the leadership is seeking more space
Prayer Emanates from Manufactured Home Read More
A petition to rezone a subdivision to allow manufactured homes to be sited in Lake Hamilton, Florida, just east of Lakeland was denied on second reading at the town council’s meeting Sept. 3, according to theledger.com. Lee Saunders wanted to put conventionally-built homes on five of the 3.5 acre lots,
Town Turns Down Manufactured Housing Read More
Five days after lightning set fire to and closed the main building of the Greater Naples (Fla.) YMCA, including the gymnasium, board members have begun planning for new facilities. Moving fast, YMCA President Paul Thein has arranged for modular buildings to be brought in so many of the classes and
Modular Classrooms to Assist in YMCA Rebuild Read More
According to statistics gathered on behalf of the U. S. Department of Housing and Urban Development (HUD), manufactured housing production rose in July, 2013 to 4,793 HUD Code homes, an increase of 13.5 percent over the 4,221 homes produced in July, 2012. The Manufactured Housing Association for Regulatory Reform (MHARR)
Manufactured Home Production Continues to Rise Read More
Continuing concerns about Syria and a weak jobs report led to a choppy day on Wall Street, resulting in a mixed end of the week for the three major indexes. CNNMoney reports the Dow moved down -14.98 points, -0.10 percent, to close at 14,922.50. The Nasdaq nudged up +0.03 percent,
UFPI Posts Largest Gain of Tracked Stocks; Major Indexes Waffle Read More
California Assembly measure SB 510 would allow a local government to disprove of the conversion of a manufactured housing community to another use if a majority of the community residents do not support it. The uncertainty of the rights of both resident and community owner has led to dozens of
Local Government May Disapprove of Community Conversion Read More
The Memorial Hospital’s (TMH) Board of Trustees in Craig, Colorado has just approved the site lease for a 5,000 square foot modular dialysis building on hospital land. Sanderling Healthcare of Nashville, Tennessee would lease the land and build and operate the center. Not only would there be eight stations for
Modular Unit will Serve as Dialysis Center Read More
Shirlye Kaufman Birnbrey and her husband George Kaufman opened Kaufman Supply, a distributor of supplies for manufactured housing, in Augusta, Georgia in 1962. They operated the business until his death in 1983, and she remained with the company along with three of their children until it was sold in 1998,
Passages: Shirlye Kaufman Birnbrey, 85 Read More
Financial consulting firm D. A. Davidson, which provides advice on a wide range of financial products, has changed their comment on Universal Forest Products Inc. (UFPI) from neutral to buy, according to streetinsider.com. UFPI closed up +2.99% in trading, Thurs., Sept. 5, including after hours, to end at 38.12. The
Bet on Universal Forest Products Inc. Read More
A National Association of Home Builders (NAHB) survey reveals a shortage of buildable lots is contributing to the lack of a more robust housing market recovery. “In our August 2013 survey, 59 percent of builders reported that the supply of lots in their markets was low or very low—up from
Lot Shortage Sidetracks New Home Construction Read More
While the jobs report tomorrow is expected to show a slight increase, and investors continue to bite their nails over a possible impending military strike against Syria, all three major indexes gained for the third day in a row, albeit modestly. CNNMoney reports the Dow moved up +6.61 points, +0.04
Louisiana Pacific Spikes, Major Indexes Rise Again Read More
Pine Grove Homes of Pennsylvania was the sole bidder on a two-bedroom modular structure to house emergency medical service personnel to be sited next to a fire station in Boston. The contract for the $49,963 project, awarded last week by selectmen, will be fulfilled by the end of October, 2013,
Modular Unit Will House Emergency Personnel Read More
