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 posted Aug. 9, 2013 regarding modular jail cells in Poughkeepsie, New York, a plan by Dutchess County Executive Marcus Molinaro to re-purpose funds budgeted to place prisoners in other county jails for their own modular units has been rejected by the county’s Public Safety committee. Democratic […]
New York Legislature Chairman Nixes Modular Cells Read More
Updating a story MHProNews initially developed July, 1, 2013 regarding the siting of the first of five modular homes by Indy Mod Homes in Indianapolis, builder Ursula David, in her first foray into the modular home industry, has moved into the home, according to ibj.com. Sited just northeast of downtown
First of Five Modular Hoosier Homes now Occupied Read More
RSI’s modular home factory in Mira Loma, California has begun production once again, as pent-up demand, rising home prices, low for sale inventory and the need for affordable housing hits southern CA. Acquiring land during the housing downturn, the company has 100 lots in Orange County, plus numerous in-fill lots
Firm Resumes Modular Home Production Read More
Ingenia Communities (ASX ticker:INA) of Sydney, Australia has acquired two manufactured home communities in Mudgee, New South Wales, Australia for $11.2 million. The Mudgee Valley Tourist Park had a price tag of $4 million, according to proactiveinvestors.com.au, while the Mudgee Tourist and Van Resort sold for $7.2 million. Ingenia specializes
Aussie Firm Expands Manufactured Home Reach Read More
In an opinion piece in the santacruzsentinel, Mardi Brick says since California eliminated funding for redevelopment programs in 2011, 20 percent of which was for affordable housing initiatives, more people on limited incomes are turning to manufactured homes. Noting there are 92 manufactured housing communities (MHCs) in Santa Cruz County,
Measure would Build more Affordable Housing in California Read More
Despite investors’ caution that the U. S. will likely lead a military strike in Syria, the three major indexes gained for a second consecutive day, with the Dow rising nearly 100 points and the NASDAQ improving one percent. CNNMoney reports the Dow moved up +96.91 points, +0.65 percent, to close
Most Housing Stocks Advance as Major Indexes Improve Read More
The nation-wide nonprofit Next Step has assisted over 100 families obtain new, energy-efficient manufactured homes, often replacing energy-sucking, deteriorating factory-built homes from pre HUD-Code days. The organization has partnered with industry giant Clayton Homes to open the door to home ownership of Energy Star qualified dwellings, projecting residents will save
Clayton Provides Homes for Next Step Read More
Lippert Components, Inc. and Kinro, Inc. announce the promotion of Andy Pocock to Vice President of Sales, Specialty and Manufactured Housing Markets for the Elkhart, Indiana-based subsidiaries of Drew Industries, Inc. (NYSE:DW). His eight-year plus stint with the sister companies included roles in suspension and running gear management, and for
Andy Pocock Promoted to Vice President at Lippert and Kinro Read More
When classes resume this week in Canada, the winnipegfreepress reports 9,000 school children will be taught in 361 modular classrooms stretching across 32 school divisions. Each unit costs about $130,000, not counting site preparation. Education Minister Nancy Allan says, “These modular classrooms are built incorporating the most current heating, ventilating
Modular Classrooms Fill the Bill in Canada Read More
A developer’s plan to rezone 19 plus acres platted for 73 manufactured homes, to 19 apartment buildings with 154 units, is being nixed by Iowa City (Iowa) planning staffers. Although there is already a concentration of multifamily housing on that side of town, the primary reason for denying the proposal,
Request to Re-zone from Manufactured Housing to Apartments Set to Be Denied Read More
Modular apartment buildings were often the norm in the communist-era of the former East Germany. With a reputation as dreary and shoddy, hundreds of thousands of the less appealing apartments were demolished by the federal government following the re-unification of East and West Germany when communism ended in November, 1989.
Image of Modular Housing Rises in Germany Read More
Home prices have risen for the 17th consecutive month, according to CoreLogic’s house price index, increasing 1.8 percent nationally July over June, 2013. “Home prices continue to climb across the nation in July with markets hit hardest during the downturn leading the way,” said Anand Nallathambi, president and chief executive
Home Prices Continue Rising Read More
The rattling of sabers as the U. S. reportedly prepares for a military strike on Syria in retaliation for the alleged use of chemical weapons by that country’s leadership on its own people overshadowed two major tech deals. Verizon (VZ, Fortune 500) will pay $130 billion to take over Vodafone,
Concerns over Syria Trumps Major Tech Deals and Positive Manufacturing Data Read More
When two Sarasota Florida area manufactured home communities had their tax appraisals, property owner Equity Lifestyle Properties (ELS) appealed the stiff jump in what the county Value Adjustment Board wanted. The appeal was successful. It saved Bay Indies MHC residents some $96,000 according to the HeraldTribune. The nearby Lake Village
Dickens Moans, but Equity Lifestyle Properties had already done the right thing Read More
New CFPB imposed guidelines for mortgages loans aren’t just threatening manufactured housing, they are squeezing conventional housing buyers too. Sam Khater, senior economist at CoreLogic said: “It will tighten things further. The largest constraint is the 43 percent threshold,” said Khater. “It will hit more refinances than purchases because a
Many Groups of Home-buyers Squeezed out by CFPB rules? Read More
Inquiries about the 2014 Louisville Show to MHProNews serve as a good reminder to share updates about the upcoming manufactured home industry trade event and revised show website. As previously reported, the number of homes on display will rise again in 2014. There will be 48 new model homes on
More New Homes, Exhibits plus Seminars at 2014 Louisville Show Read More
Hillyard business owners and area residents are hopeful about change for an older ‘mobile home park’ that a new owner plans for this Spokane, Washington land lease community. The former Wishing Well Mobile Home Park has been renamed Easy Acres. KREM tells MHProNews that Lisa Bonser, a resident says she
New MHC name, owner and planned changes bring hope to area Read More
The tougher standards for mortgage lending – a result from Dodd-Frank – combined with rising mortgage rates has made it difficult for many buyers to get loans. This has lead to more all-cash deals on home buying. RealtyBiz tells says recently data released by RealtyTrac shows that 40% of home
More Home Buyers Purchasing Property All Cash Read More
A report from real estate research firm DataQuick reveals that U.S. home sales priced at more than $1 million are rising at three times the rate of the broader market. The journalgazette tells MHProNews that Craig Moe, who bought a $1.2 million home in June said, “When the real estate
Wealthy returning, driving Million-dollar home sales up Read More
The stock markets are closed today, in observance of the labor day holiday. MHProNews wishes all a happy Labor Day. Speaking of time off and holidays, the Daily Business News’ industry in focus reporter Matthew Silver has been on holiday the last two weeks. Silver returns tomorrow to resume the
Markets Closed Today, Happy Labor Day Read More
