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.
Adding to a story MHProNews posted August 2, 2013 about June’s production of manufactured homes increasing 5.1 percent year-over-year, and production for the year having risen the same percent over last year, the Manufactured Housing Institute (MHI) reports production of single and multi-section homes both increased. Additionally, total floors shipped […]
Total Floors Shipped in June Rose 4.7% Read More
Stocks turned red for the third straight day as the Dow and S&P each lost two percent on the week, typical of a dog day in August. CNNMoney reports the Dow lost -30.72 points, -0.20 percent, to close at 15,081.47. The Nasdaq nudged down -0.09 percent, -3.34 points to end
Three Major Indexes Fall Again; Tracked Housing Stocks Close Mixed Read More
Following a story we posted Aug. 13 regarding mortgage fraud charges being brought against four managers of the manufactured housing retailer Phoenix Housing Group of Greensboro, North Carolina, one of the accused is now considered a fugitive. The four are charged with conspiring to defraud buyers of manufactured and modular
Fugitive Sparrow Flies the Coop Read More
Signifying continuing recovery of the housing market, housing starts nationwide jumped 5.9 percent to a seasonally annual adjusted rate (SAAR) of 896,000 units in July, led by a sharp rebound in the multifamily sector, strong enough to offset a slight loss in the single-family home market. According to the National
Housing Starts Rise in July almost Six Percent Read More
Canada’s Black Diamond Group Limited has declared a dividend of $0.07 cents a common share payable Sept. 16, 2013 to shareholders of record as of Aug. 30, 2013. Through its subsidiaries the company rents and sells modular workforce housing and buildings to projects in remote areas, and provides supportive services
Modular Builder Declares Dividend Read More
In an attempt to recover taxes on manufactured homes that have not been paid in three years, the municipality of Parkland County in central Alberta, Canada holds an auction on the properties. The jurisdiction makes every attempt to notify the owners of the levy, but people sometimes are not aware
Manufactured Homes on Block if Taxes not Paid Read More
The first half of 2013 manufactured home taxes for Crow Wing County, Minnesota are due Aug. 31, but because that is a Saturday, and the following Monday, Sept. 2 is Labor Day, the due date has been extended to Tue., Sept 3. As MHProNews has learned from brainerdddispatch.com in central
Manufactured Home Taxes due in Minnesota Read More
While investors worry when the Federal Reserve may reduce it’s stimulus program, the government reports jobless claims dropped by 15,000 and the consumer price index rose only two percent, but the Dow Jones Industrial Average fell 225.47 points on disappointing earnings reports from Wal-Mart and Cisco. CNNMoney reports the Dow
Cavco, Patrick Lead Stocks We Track, as Dow Drops Precipitously Read More
The owner of a manufactured housing community (MHC) in Mansura, Louisiana may be charged with violating ordinances governing communities. At a meeting of the Mansura Town Council, the city inspector said the violations include the lack of skirting and porches on the homes, and the absence of a fence around
Ordinance Violations at Manufactured Housing Community? Read More
The National Community Council’s Fall Leadership Forum will be held Oct. 16-18, 2013 at the W. Chicago City Center Hotel. Titled “Building a Vision for the Future,” Sam Zell, Chairman of Equity Group Investments and Equity International, which own Equity LifeStyle Properties, will be the featured speaker at the conference.
Zell to Speak at National Communities Council Forum Read More
Builder confidence for new, single-family homes rose three points to 59, according to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), bringing the index to its highest mark in almost eight years. Any number over 50 is rated as “good”, MHProNews has learned. The index
Mood Continues to Brighten for Home Builders Read More
The city of Saco in southern Maine near the Atlantic Ocean is partnering with the Biddeford Housing Authority to develop modular homes on a donated three acre parcel of land for seniors who are seeking to downsize. Because the land has an industrial past going back to the 19th Century,
Modular Cottages Going up for Seniors Read More
It will more expensive for lenders to do business with the Federal Housing Administration (FHA) if a new method for determining lenders’ liability for poorly written loans that default is adopted. Currently, when defects are discovered lenders have to eat the losses on those loans. Under the new proposal, FHA
New FHA Proposal could Cost Lenders more Read More
According to Jim Gaines from the Real Estate Center at Texas A&M University, the population of Texas is anticipated to increase to 30 million by 2050, a gain of nearly 120 percent, which will require 10.5 million additional housing units. The Dallas-Fort Worth area is expected to grow 163 percent
Texas to need over Ten Million Housing Units Read More
Updating a story MHProNews posted Tue., Aug 13, concerning the state house’s passage of a rent control measure for the four manufactured housing communities in Acushnet, Massachusetts, Rep. Robert M. Koczera (D-New Bedford) says, “I have every reason to believe it will become law.” It now goes to the Senate
State Representative says Rent Control will Pass Read More
Investors were busy speculating as to when the Federal Reserve will taper its stimulus program and the three major indexes responded by sliding down. CNNMoney reports the Dow Jones Industrial Average dropped -113.35 points, -0.73 percent, to close at 15,337.36. The Nasdaq fell -0.41 percent, -15.17 points to end the
Three Major Indexes Fall from Investors Neglect; Most Tracked Housing Stocks Fall Read More
Seven new members have been elected to the RV/MH Hall of Fame Board of Directors at their recent board meeting, according to Board Chairman Barry Cole. The new members are: Dick Jennison, Manufactured Housing Institute; Joe Stegmayer, Cavco Industries; Mark Wasson, Bluelinx Corp.; Mick Ferkey, Greenway RV; Dana Nelson, RV
RV/MH Hall of Fame Elects New Board Members Read More
Nuclear power plant construction and building aircraft carriers utilize the same methods as modular home construction. Ron Jones, of South Carolina’s energy company SCE&G says, “When modules are built for a home assembly, the pipes, conduit, etc. are already in there. It’s not just walls and floors. It’s the same
Modular Homes and Nuclear Power Plants have Common Building Techniques Read More
Residents of the Pan and Fork manufactured housing community in Basalt, Colorado, just northwest of Aspen will be compensated for relocating due to a redevelopment project slated for their community. The town, which co-owns the property with the non-profit Roaring Fork Community Development Corporation, needs to do flood mitigation and
Manufactured Housing Residents to Receive Relocation Expenses Read More
Rapoza Associations reports nearly 30 percent of all rural households, which covers some 7.3 million families, are either unaffordable, overcrowded or substandard. Over 47 percent of all rural households are spending more than 30 percent of the their income on rent, which classifies them as cost-burdened; and almost 50 percent
Affordable Rentals Rare in Rural America Read More
