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 battle over rent control in Capitola, CA’s Sand and Surf manufactured home community is one that MHProNews has tracked for industry readers over the years, in Daily Business News articles like the one linked here. HK&C Law has announced that Capitola has now “quietly” approved the long sought subdivision. […]
Rent Control Victors Get Subdivision OK’d by city Read More
A “technical glitch” caused trading on the NASDAQ to halt for some 3 hours today. Meanwhile, CNN Money tells MHProNews that the Dow’s 6 days slide ended, as the market closed at 14,963.74, up $66.19 (+0.44%). The Yahoo! Financial Manufactured Housing Composite Value: 939.3, +1.63%. Cavco Industries lead gainers, 55.98 +2.86 (5.38%).
Trading Halted, Dow’s 6 Day Slide Ends Read More
Updating the recent story on Scranton PA based Westrum Development is installing a two story Cape Cod modular home on the post hurricane Sandy Jersey shore the firm built in just 28 days. Cost for Westrum’s three-bedroom modular home, says totalmortgage and the Wall Street Journal, is $179,000. 10 homeowners
Modular Homes becoming a new Jersey Shores thing Read More
Mold, uneven floors and energy wasting are among the complaints that Charlotte White, an owner of a pre-HUD Code mobile home expressed, says earthfix. The 64 year old White is retired and lives in a single wide located in Rainbow Rock Village in Curry County, Oregon. Their story underscores the
Pre-HUD Code Mobile Homes Fingered for Construction and Energy Issues Read More
The worst losing streak in over a year saw the Dow decline more than 100 points. CNN Money reported the release of the Fed’s minutes on bond buying failed to answer investors worries. The Yahoo! Finance Manufactured Housing Composite Value closed at 924.2, down -1.15%. Patrick Industries led gainers, 5.12
Day Six of Dow’s Dump! Read More
Doug Altner of the Ayn Rand Center for Individual Rights reports Home Depot co-founder Bernie Marcus and Subway founder Fred Deluca saying they couldn’t have started their businesses in today’s regulatory environment. In an interview with John Allison — president of the Cato Institute and the former CEO of BB&T
Former CEO of 152 Billion BB&T bank says Dodd-Frank smothers small business lending Read More
Residents of Lamprey River and Railroad Street land lease communities in Newmarket, NH recently purchased their communities. Heron Point Estates Cooperative, New Hampshire’s 106th manufactured-home cooperative forged through the work of the state’s Community Loan Fund, will manage both communities. Education, technical assistance and funding were arranged by the New
New Hampshire’s Community Loan Fund converts MHC #106 Read More
The Department of Housing and Urban Development (HUD) announced on fbo.gov and its own website that it was awarding the Institute for Building Technology and Safety (IBTS) Inc. the contract to perform “…assessment inspections, monitoring, and evaluation of the performance of private and state agencies responsible for oversight of design
IBTS Inc Gets 25 Million Contract from HUD Read More
Manufactured home community owner UMH Properties, Inc. will be presenting at the BMO Capital Markets 8th Annual North American Real Estate Conference Sept. 16-17, 2013. To be held at the Trump International Hotel in Chicago, Illinois, Samuel A. Landy, UMH president and CEO, and Anna T Chew, CFO of UMH,
UMH Properties’ Samuel Landy to Present at Conference Read More
According to the Curry County Assessor in Oregon, 25 to 30 percent of all the housing stock in the county is manufactured housing (MH), and roughly half of those were built before 1980. While the Housing and Urban Development—HUD Code–standards took effect in 1976, minimum regulations that initially covered MH
Program to Help Residents Replace Aging Factory-built Homes Read More
While bankers fear the Consumer Financial Protection Bureau (CFPB) under Director Richard Cordray may be too aggressive, he assures them he is balancing safety and soundness with consumer protection. In a wide-ranging interview with American Banker, he says despite the fight over his initial recess appointment, he and his staff
American Banker Interviews Richard Cordray Read More
While both the Dow and the S&P are up 15 percent on the year, the Dow finished lower for the fifth straight day while the S&P broke a four-day losing streak. The NASDAQ has gained 19 percent on the year. In today’s session, CNNMoney reports the Dow lost -7.75 points,
Many Tracked Housing Stocks Post Three-digit Gain Read More
Killam Industries, Inc. of Halifax, Nova Scotia, Canada announces it will pay stockholders of record as of Aug. 30, 2013 a dividend of $0.0483 per share on Monday, Sept 16, 2013. Two equities research analysts have conferred a rating of hold on the stock, five have assigned it a buy
Killam Declares Dividend Read More
The Manufactured Housing Institute reminds industry members that the Preserving Access to Manufactured Housing Act (H.R. 1779) has 50 co-sponsors and needs more support. The measure would preserve access to those seeking financing to purchase manufactured housing. Congress is on recess until Sept. 9, and MHProNews understands many representatives are
Time to Support H.R. 1779 is Now Read More
An affiliate of Universal Forest Products, Inc. has developed the Intact Structural Frame building system that connects the roof to the foundation, providing an exoskeleton that will resist seismic, snow and stormy conditions. Most buildings connect the walls the to the foundation for support, but the owner of the 7,000
Universal Forest Products Unveils New Building System Read More
While 75 of the largest metropolitan housing markets across the country are posting a recovery index of over 100, which according to RealtyTrac means those markets are recovering faster than the national average, 63 markets continue to have at least 20 percent of homes underwater. Foreclosure is beyond its highest
Housing Recovery is Real Despite a Few Bumps in the Road Read More
John Westrum of Westrum Development has seen demand rising for his modular homes in the beachside neighborhoods that were devastated when Hurricane Sandy waylaid the coast from New Jersey to Connecticut. As new federal flood maps and insurance require homes to be elevated, Westrum, who up to now has been
Modular Homes Dotting the Jersey and New York Coasts Read More
For the fourth consecutive day stocks fell as investors ponder when the Federal Reserve will begin tapering its bond-buying program, sending the three major indexes to the red zone for the day. CNNMoney reports the Dow lost -70.73 points, -0.47 percent, to close at 15,010.74. The Nasdaq nudged down -0.38
Stocks Fall Again, Including Nearly all Tracked Housing Stocks Read More
Updating a story MHProNews first published Sept. 5, 2012 regarding the closing of Hilltop Mobile Home Park in State College, Pennsylvania, and last covered May 23, 2013 when the owners settled with the attorney general over payment relocation expenses, the planning commission is considering new options for the property. The
Debate Continues over Former Land Lease Community Property Read More
A seven-and-a-half story modular apartment building with 49 apartments in downtown Seattle, Washington will be move-in ready in four months. Real estate developer Daly Partners LLC has begun leasing the 3,000 square feet of ground level retail space for “N” Habit: Belltown, located in the Belltown area, the city’s first
First Modular Housing Development in Downtown Seattle Read More
