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.
Despite the looming tapering of quantitative easing by the Federal Reserve, all three major indexes advanced in today’s trading. CNNMoney reports the Dow gained 34.95 points, +0.23 percent, to close at 15,529.73. Meanwhile, the Nasdaq gained +0.75 percent, +27.85 points to end the day at 3,745.70, while the S&P gained […]
Three Major Indexes Edge Up; Tracked Housing Stocks Mixed Read More
In yet another testament to the spreading of manufactured housing sales radiating from the Bakken oil fields in western North Dakota, Shult Homes of Redwood County in southwestern Minnesota is feeling the flourish of the upturn. Shult’s Jeff Wedan says the positive effect is hitting the manufactured home industry in
Bakken Continues to Spur Manufactured Home Industry Read More
As Congress returns from its recess it has a plate full of Syria, possibility of a government shutdown Sept. 30, expiring Farm Bills to consider, and the divisive Keystone pipeline. Unless Congress can agree to pass a continuing funding resolution (CR) by month’s end, federal programs and services will cease.
GSE Reform may be Overshadowed by Shutdown and Debt Limit Debates Read More
As an addendum to a story MHProNews ran Sept., 11, 2013 regarding the 29th modular home for Habitat for Humanity in Evergreen, Washington, the news behind the news reveals Habitat Executive Director Josh Townsley sees the need for adequate housing face-to-face. Evergreen and Mountain View High Schools schools worked together
Habitat for Humanity Sees Housing Needs Read More
The 12-story rundown, vacant Plaza hotel on the southside of downtown Dallas is getting a makeover in the form of a 220-room Holiday Inn, part of a $34 million project. Included in the plan is 1,800 square-feet of commercial space at the edge of the motel’s parking lot that will
Shipping Containers Re-purposed as Modular Storefronts Read More
At the Miss America Pageant, contestants were told to introduce themselves in a catchy way. The South Carolina entrant said, “ From the state where 20 percent of our homes are mobile ’cause that’s how we roll, I’m Brooke Mosteller, Miss South Carolina.” Many of her fellow residents were evidently
Some State Residents Embarrassed by Beauty Pageant Contestant Read More
The Rogers Park neighborhood in Chicago is the newest recipient of Starbucks’ modular drive-thru/walk-up coffee shop made of shipping containers, the sixth in the country for the 19,000 location chain. The units take about four people and two to three hours to unload and site them on the foundation. As
Starbucks set to Open Sixth Modular Storefront Read More
Federal Emergency Management Agency (FEMA) Chief Craig Fugate met with Colorado Governor John Hickenlooper and members of the state’s congressional delegation to discuss rebuilding and housing options regarding the over 19,000 buildings and homes damaged, and 1,502 homes destroyed, by the flooding along the Front Range. In addition over 30
Emergency Manufactured Homes may Assist in Colorado Flooding Read More
The news that Larry Summers withdrew his bid to be the next Federal Reserve Chairman sent the S&P surging towards a new high in today’s trading, while the Dow spiked over 100 points and the Nasdaq nudged down. CNNMoney reports the Dow gained 118.72 points, +0.77 percent, to close at
Dow Rises, S&P Nears New High, Housing Stocks Close Mixed Read More
In Ortley Beach, New Jersey, adjacent to Seaside Heights, where 2,200 of 2,400 bungalows were damaged or wiped out by Hurricane Sandy, builder John Westrum is beginning to replace some of them with modular homes, recently completing a model home. He says many of the bungalows are 60-years old and
Modular Homes Replacing Beachfront Bungalows Read More
Homeowners in a subdivision north of Madison, Wisconsin have asked the Newport Town Board to initiate action to have a multi-section manufactured home removed from their subdivision. According to wiscnews.com, the town ordinance forbids mobile homes from being sited outside communities, but the Columbia County Planning and Zoning Department replied
Subdivision Residents Object to Manufactured Home Read More
A discrimination lawsuit has been filed by the Department of Housing and Urban Development (HUD) for a violation of the Fair Housing Act against Whitacre’s Manufactured Housing Community in Inwood, West Virginia. A resident of the community with a psychiatric disability was injured during a home invasion and subsequently obtained
Community Sued for Violation of Fair Housing Act Read More
The fully-equipped former Penn Lyon modular home plant outside Selinsgrove, Pennsylvania has been acquired by Arcon Group, Inc., a firm that specializes in managing modular construction that will now build its own modular units. Arcon founder Bud Miller, who once worked for Penn Lyon, expects to employ 100 within 18
Former Modular Plant will Produce Mod Homes again Read More
The continuing reluctance on the part of the U. S. to attack Syrian targets and the anticipation of the Federal Reserve’s next move led investors to push the three major indexes higher to end trading for the week. CNNMoney reports the Dow gained 75.42 points, +0.49 percent, to close at
Patrick, Cavco and LPX Advance Nicely; Three Major Indexes End Week Up Read More
Provider of equity research Sidoti & Company LLC has issued a BUY rating for the stock of manufactured housing community owner UMH Properties, Inc. based on its presence in the Utica and Marcellus Shale energy exploration region. Sidoti says an influx of workers and families to the area, which includes
UMH Properties Receives Reinitiation from Sidoti Read More
Producer of modular workforce buildings, mobile offices, and permanent modular buildings, Canada’s Atco Ltd. has sold its half of the joint venture in South America with Tecno Fast to its partner for Canada $124 million. The sale includes assets in Brazil, Chile, Colombia and Peru, according to winnipegfreepress.com. With 8,800
Atco Sells its Half of Modular Venture Read More
House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at the full committee hearing on the Consumer Financial Protection Bureau’s (CFPB) semi-annual report with Director Richard Cordray. “This morning we welcome Director Richard Cordray, Director of the CFPB, to deliver the bureau’s latest semi-annual report. Mr.
Chairman Hensarling at Hearing on CFPB Read More
The Britco Division of WesternOne, Inc. has entered a $100 million agreement to supply a major energy company with modular workforce accommodations in Northern Alberta, Canada. Comprised of over 1,500 rooms, 4-traders.com says the units will be built in Britco’s facilities in British Columbia, Canada. The project will get underway
Modular Workforce Development Planned for Northern Canada Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports two rules proposed by the Environmental Protection Agency (EPA) as required by the 2010 Formaldehyde Standards for Composite Wood Products Act (the Act) would establish nationwide emissions standards for composite wood products, many of which are used in manufactured housing, and
MHARR: HUD Formaldehyde Rules should be Discarded Read More
A modular dwelling which sits atop an eight-story building in downtown Hobart, Tasmania, Australia could be re-located in two years to a suburban area, a remote mountaintop or a beachfront. Created by Rosevear Architects and Tasmanian property developer Brett Torossi, each module is 10.5 feet wide X 22 feet long
Modern Modular Dwelling Straddles Rooftop Read More
