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.
As a result of increased oil and gas and mining projects in Saudi Arabia and the consequent need for modular workforce housing, Red Sea Housing Services Company plans to build a fourth manufacturing facility, this one in the Kingdom. The $22.65 million plant, located in King Abdullah Economic City (KEAC), …
While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for 44 years in east central Iowa, Hames says new home sales in the state were 2,200 …
Iowa Climbing Back from Low Manufactured Home Sales Read More
Since 1980 the International Seamen’s Center of Wilmington, NC served its 3,000 officers and crew members from a pre-WWII building on the Port of Wilmington’s property. The facility had become inadequate in providing entertainment, computers, telephones, and other services to its members while their ships were in Port, so the …
Although the jobs report only came out with 162,000 new jobs instead of the 180,000 economists were hoping for, all three major indexes edged up for the end of the week. CNNMoney reports the Dow Jones Industrial Average gained +30.34 points, +0.19 percent, to close at 15,658.36. The Nasdaq rose …
Three Major Indexes End Week Up; Tracked Housing Stocks Mixed Read More
Statistics from the U. S. Department of Housing and Urban Development indicate production of manufactured homes in June hit 5,388 homes, 5.1 percent over the 5,075 homes produced in June of 2012. Production for the year stands at 29,133 homes, similarly a 5.1 percent increase over the 27,715 for the …
One of the pioneering legends of the manufactured home industry, Curtis Olsted, passed away in Oklahoma Wed. night, July 31. During his final days in the hospital, according to Julie Dwyer, he kept wanting to leave to sell more manufactured homes. Deanna Fields, Exec. Dir. of the Manufactured Housing Association …
Newham in northern United Kingdom has hired architects to develop the first 40 of 2,000 modular homes for public housing that will be rented for 80 percent of the market rate to the private sector over the next five years. “We were looking for a design that was modern and …
Chicago-based Equity LifeStyle Properties, Inc. (NYSE:ELS) reports the company finalized selling ten manufactured home communities comprised of 4,925 home sites. Received as part of the $1.5 billion Hometown America acquisition in 2011, the properties did not fit the core business strategy of ELS, and overall occupancy only reached 70 percent. …
The government of New South Wales (NSW) in Australia is seeking proposals to increase the state’s stock of public housing inventory. A report by the state’s Auditor General revealed while NSW has the most extensive supply of housing in Australia, it only has 44 percent of the affordable housing needed, …
Modular Units Considered for Australia’s Public Housing Read More
While many signs in the first half of 2013 indicate the housing recovery is real and palpable—housing starts are up 24 percent over the first half of 2012, existing home sales increased 32 percent year-over-year in June (excluding foreclosures and short sales), and the delinquency/foreclosure rate fell 14 percent—rising mortgage …
As the Labor Dept. reported first-time unemployment claims dropped to a five-year low, the S&P rose above 1,700 for the first time ever and the Dow rose to an all new high. CNNMoney reports the Dow Jones Industrial Average gained 128.48 points, +0.83 percent, to close at 15,628.02. The Nasdaq …
The S&P and Dow Hit New Highs; Housing Stocks Mixed Read More
Following a story MHProNews covered yesterday (July 31) concerning the closing of Dallas West Mobile Home/RV community and subsequent protests led by Carlos Quintanilla, some 30 residents marched up and down the street at owner Cienda Partners offices with signs and slogans Wed. Cienda has offered each of the 42 …
A fire that started in a car in Largo, Fla. spread to the adjacent manufactured home but firefighters were able to quickly extinguish the blaze before it caused much damage to the home. The car was in a carport connected to the home at the Ranchero Village Co-op, according to …
The latest data from Harvard University’s Joint Center for Housing Studies reports the rise in housing prices, while lauded by many, is driving many potential home buyers out of the market because incomes are not rising along with home prices. From 2001 to 2011 the number of households paying over …
England’s modular builder Easybase Home Limited was founded seven years ago and recently moved with its staff of 18 to a larger facility where it intends to hire up to 300 people over the next 12 months. East Lancashire designer Ian Chew spent two years designing the steel-famed brick-clad semi-detached …
Ghana, in West Africa is beginning a 5,000 modular housing project to provide affordable housing in Sege, in the Dangme East District. Deputy Minister for Water Resources, Works and Housing, Sampson Ahi says building will begin next month. A Brazilian construction company will install the homes which are being built …
Realizing the importance of manufactured home communities as supportive social networks, Karen Chase helped organize the Housing Stock Upgrade Initiative—now a non-profit called ReHome Oregon—to repair, rehabilitate, and replace manufactured homes. With help from a variety of federal, state and local public and private entities, residents of manufactured homes in …
Collaborative Effort will Improve Lives of Manufactured Home Residents Read More
Stocks responded little to the Federal Reserve’s decision to leave the bond-buying program intact, but all three indexes gained between four and seven percent on the month as July drew to a close. CNNMoney reports the Dow Jones Industrial Average dropped -21.05 points, -0.14 percent, to close at 15,499.54. The …
Three Major Indexes Gain on the Month; Tracked Housing Stocks Mostly Close Up Read More
The skyline in Natick, Mass. just west of Boston is being altered by a three-story, 12-unit modular apartment building that will have a stucco siding. The 27 modules were manufactured in an Excel Homes facility in Pennsylvania, and will be assembled in three days, according to metrowestdailynews. The units have …
Lake Forest, Ill.-based private equity real estate investment firm Green Courte Partners, LLC announces the acquisition of two all-age land lease communities in southern Maine. Incorporating 483 home sites, MHProNews has learned Town & Country Village in Lisbon and Maplewood Manor/Merry Meeting in New Brunswick will be managed by American …
Green Courte Adds Two Communities to its Portfolio Read More
