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 National Association of Home Builders (NAHB) reports August sales of new, single-family homes rose 7.9 percent to a seasonally-adjusted annual rate (SAAR) of 421,000 units, offsetting a slight decline in July resulting from a rise in mortgage rates. Says NAHB Chief Economist David Crowe, “We are only about halfway […]
New Home Sales Rise in August Read More
Following a story we last posted Nov. 27, 2012 regarding manufactured homes imported into Minot, North Dakota by the Federal Emergency Management Agency (FEMA) to house survivors of the Souris River flood in 2011, the FEMA mission ended Sept. 24 as the last households secured permanent housing. Over 2,000 manufactured
FEMA’s Mission Ends in North Dakota Read More
Investors stepped back from the market today, concerned about the possible shutdown of the government and the debt ceiling controversy, as all three major indexes declined. CNNMoney reports the Dow dropped -61.33 points, -0.40 percent, to close at 15,273.26. Meanwhile, the Nasdaq nudged down -0.19 percent, -7.15 points to end
Government Gridlock over Shutdown and Debt Ceiling Stalls Stocks Read More
A small group of architects in post-war Japan, trying to overcome problems that plagued traditional urban planning, created the Nakagin Capsule Tower, a building containing 140 modular unit capsules of just over 100 square feet each. It’s intent was to provide housing for businessmen who needed an urban home during
Japanese Micro Modular Apartments 40 Years Old Read More
The 2013 Western Housing Conference will be held at the Radison Fort McDowell Casino in Fountain Hills, Arizona Nov. 7 and 8. The program will feature leaders in manufactured housing lending. Tim Williams of 21st Mortgage Corporation will keynote the conference Thurs. night speaking on the Preserving Access to Manufactured
Conference to Focus on Manufactured Housing Lending Read More
The Chief Economist of the Real Estate Center at Texas A&M University forecasts higher prices, reduced inventory and more home sales in 2014 for the state. Mark Dotzour says, “If you are a real estate professional in Texas, I would suggest that you not take a vacation at all in
Mark Dotzour: Texas Housing Recovery in Full Swing Read More
Following up on a post MHProNews last reported Sept. 3, 2013 regarding Equity LifeStyle Properties’ (NYSE:ELS) successful appeal of a sharp rise in taxes on two manufactured housing communities (MHCs) in Florida, over $200,000 in property taxes are once again at stake. Sarasota County Property Appraiser Bill Furst contends the
Battle Rages over Value of Manufactured Housing Communities Read More
Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one,
Drew Industries Makes the Grade Read More
While New York City’s first modular apartment building, the six-story, 28-unit Stack recently opened its doors, Hempstead, Long Island in Nassau County will field its first occupants of a modular apartment building next month (October, 2013). The 29-unit complex, Village Lofts, will feature wide plank maple floors as well as
Modular Apartments Set for Long Island Read More
Following on the heels of Miss South Carolina’s line in the Miss America Beauty Pageant about factory-built homes in her home state, the British Broadcasting Corporation (BBC) asks rather rhetorically why so many Americans live in these dwellings. Based on U. S. Census figures, 20 million Americans occupy 8.5 million
BBC Checks Out Manufactured Homes in U. S. Read More
The threat of a government shutdown and subsequent need to raise the debt ceiling sometime around the middle of October led investors away from the Big Board as the Dow and the S&P closed down for the fourth straight day, while the Nasdaq managed to squeak away with a minor
Concern with Government Stalemate Shrouds Stocks Read More
A 3,200 square foot home in Miami Beach, Florida has achieved the highest LEED Platinum certification known to have been given in the nation. Rated at 120/89.5, a HERS (Home Energy Rating System) Index: -8 (100 is normal for new construction), and earning the National Green Building Standard of EMERALD
Home has Highest LEED Certification in U. S. Read More
Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its
UMH Properties Receives a Strong ‘Buy’ on its Stock Read More
The all-volunteer Yarnell Hill Recovery Group was formed specifically to assist the 11 uninsured homeowners whose homes were destroyed in the Yarnell Hill Fire to rebuild in Yavapai County, Arizona. Of the eleven residences, four were manufactured homes, and they will be replaced with manufactured homes; the stick-built homes will
Volunteers Replace Homes Destroyed by Fire Read More
Paul Bradley, president of ROC (resident-owned communities) USA LLC has been chosen the Carsey 2013 Social Innovator of the Year, which recognizes a New England business leader with a commitment to social innovation and business. ROC USA assists residents of manufactured home communities (MHCs) form co-ops to buy their own
Paul Bradley Honored for Developing Manufactured Housing Co-ops Read More
Workforce housing provider Target Logistics has resource-efficient features at its Dunn County Lodge just north of Dickinson, North Dakota. The modular units have low-flow showers and sinks, the 60 washers and dryers used by the 450 tenants are energy efficient and housekeeping re-dyes old towels and repairs torn sheets. Workers
Energy Efficiency is Hallmark of Modular Workforce Housing Read More
Canadian-American Structured Solutions (CASS) opened in May 2012 in Billings, Montana vowing to provide 100 jobs, as it filled modular housing orders for workers in the Bakken oil fields in western North Dakota. Updating a story MHProNews posted Jan. 26, 2013 regarding the company’s temporary layoff of 30 employees due
Modular Builder in Montana Shuts Doors Read More
The continuing battle in Congress over the possible shutdown of the government kept investors in the background, leading to a decline in the three major indexes. CNNMoney reports the Dow dropped -49.71 points, -0.32 percent, to close at 15,401.38. Meanwhile, the Nasdaq fell -0.25 percent, -9.44 points to end today’s
UMH the only Tracked Stock that Gains Read More
Of the 30 largest metropolitan areas that the Zillow Real Estate Market report analyzes, 20 experienced annual home value increases of at least ten percent in August, the most significant of which were in California cities—Sacramento rose 34.1 percent—plus Las Vegas and Phoenix. Overall, 85 percent of the 382 markets
Home Values Spike, especially out West Read More
In an attempt to avoid the conversion of manufactured home communities (MHC) to other uses and thereby force people to move, the Spokane Valley City Council, while conscious of private property rights, want to increase the density in existing communities. According to spokanevalleyonline, it could also hold down rents, retain
City wants to Retain Manufactured Home Communities Read More
