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.
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
Investors stepped back from recent gains on the big board which have pushed major indexes to near record levels, as the indexes slipped slightly. CNNMoney reports the Dow fell -25.96 points, -0.17 percent, to close at 15,300.64. Meanwhile, the Nasdaq nudged down -0.24 percent, -9.04 points to end the day
Tracked Housing Stocks Follow Lead of Major Indexes Read More
The devastating April 17 explosion at the West Fertilizer Co. in West, Texas destroyed the intermediate, high school and parts of the middle school. The West Independent School District (ISD) received $2.75 million from the Federal Emergency Management Agency (FEMA) to purchase several modular classrooms that will temporarily serve as
West, Texas Schools using Modular Classrooms Read More
Swedish retailer Ikea has partnered with the United Nations refugee agency (UNHCR) to develop a shelter now being used in Syrian refugee camps. The modular flatpack shelters, constructed to house up to five people, are made of insulated plastic panels that snap into a metal frame. The units also have
Private/Public Collaboration Issues Flatpack Modular Shelter Read More
The Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame (Hall) Selection Committee is actively seeking nominations for the class of 2014. Darryl Searer, Hall president, said, “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.”
Nominations for RV/MH Hall of Fame Due Read More
Mortgage applications fell 13.5 percent from last week, and the 30-year fixed-rate mortgage rate rose from 4.51 percent to 4.57 percent this week, according to HousingWire. Mortgage Bankers Association (MBA) reports the Refinance Index fell 20 percent from the previous week, and 71 percent from the week of May 3.
Rising Mortgage Rates=an Improved Economy? Read More
One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re
Zell Reduces Investment in Commercial Real Estate Read More
Following up on a story MHProNews posted Sept. 6, 2013 regarding a measure in the California Assembly that would permit local government to disprove of the conversion of a manufactured housing community (MHC), kcoy.com reports the Senate passed SB 510 21-14. Sponsored by Hannah-Beth Jackson (D-Santa Barbara), if a majority
Conversion Bill Now only Needs Governor’s Signature Read More
Updating a story we last posted Sept. 4, 2013 about the acquisition of two manufactured housing community (MHCs) properties by Ingenia Communities in Australia, MHProNews has learned the company has raised $61.5 million to fund the acquisition of eight additional MHCs. Although contracts have been exchanged on only the Drifters
Australian Firm Focusing Exclusively on Manufactured Housing Communities Read More
As shares of IBM rose two percent and fears of a military strike against Syria waned, the Dow gained over 100 points for the second consecutive day. CNNMoney reports the Dow gained 135.54 points, +0.89 percent, to close at 15,326.60. Meanwhile, the Nasdaq nudged down -0.11 percent, -4.01 points to
Dow Rises over 100 Points again; Tracked Housing Stocks Mostly Gain Read More
Prominent leaders of Myanmar’s (formerly Burma) Buddhist and Muslim communities called for peace between the two religious factions that have been involved in deadly clashes since last year, killing nearly two hundred and displacing 140,000, according to rfa.org. Reports that a Buddhist woman had been assaulted by a Muslim man
China Donates Modular Housing to Myanmar Read More
With a background in law and engineering, Brian Hess has been chosen as the Chassis Division Product Manager at Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. (NYSE:DW). In this new role within the chassis division, Hess will work closely with customers and the research and development team
Lippert Appoints Hess to New Role in Chassis Division Read More
Despite an ordinance banning manufactured homes older than eight years from being sited in Buffalo, Texas, a 1996 model was granted permission to be placed within the city limits, creating a thorny situation. Neighbors want the house removed because it was illegally sited, and others have been denied the opportunity
Manufactured Home at Center of Controversy Read More
The Evergreen (Washington) Habitat for Humanity has partnered with Evergreen and Mountain View high schools’ Math in Construction classes to construct a 1,100 square foot modular home for a single mother and her two sons. The year-long project marks the 29th home for this chapter of Habitat, as columbian.com informs
Habitat for Humanity Completes 29th Modular Home Read More
John Swecker, Hall of Fame member of the Virginia Manufactured and Modular Housing Association (VAMMHA), has passed away. He was General Manager of Clayton Homes at the Henderson and Oxford plants. MHProNews extends its deepest sympathies to the family. (Image credit: Fotosearch)
Passages—John Swecker Read More
As a military strike against Syria wanes and China reports an uptick of 10.4 percent in industrial output in August, investors grinned as all three major indexes rallied again today. CNNMoney reports the Dow gained 127.94 points, +0.85 percent, to close at 15,191.06. The Nasdaq advanced +0.62 percent, +22.84 points
Three Major Indexes Rally; Tracked Housing Stocks Close Mixed Read More
The National Association of Home Builders (NAHB) is sponsoring a forum on housing, Building a Better Future: America’s Housing at a Crossroads, Tue., Sept. 17, 2013 at the Newseum in Washington, D. C. Hosted by CQ Roll Call, a provider of Congressional news and legislative tracking, the free event will
Housing Issues on Tap for D.C. Discussion Read More
