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 2014 fiscal year House Appropriations Committee measure that outlines budgets for the Dept. of Housing and Urban development (HUD) contains a provision that HUD must choose a permanent administrator of the Office of Manufactured Housing within 120 days of the legislation’s enactment. Introduced by Rep. Chuck Fleischmann (R-Tenn.), if […]
House Committee to HUD: Hire Manufactured Housing Administrator or Else Read More
Although June has been a topsy turvy month for investors, the three major indexes gained two to five percent for the month, and have risen 12-14 percent for the first half of the year. CNNMoney reports the Dow Jones Industrial Average fell -114.89 points, -0.76 percent, to end the month
Three Major Indexes Finish Half Year Up; Housing Stocks Today Close Mixed Read More
A survey released today (June 28) indicated consumer sentiment among higher-income families nearly rose to its highest level in six years, hitting 84.1 in late June, 2013, just below the 84.5 six year high in May. Economists surveyed by Reuters had forecast 82.8 for June, as MHProNews has been informed
Consumer Sentiment Rising Read More
Although the aging-in-place movement for seniors is very strong, an estimated 16 million senior households will be relocating within the next decade, while the number of 65-and-older households is estimated to increase by 9.8 million in the same time span. “Most of these households will opt to age in place
Harvard’s Housing Study: Affordable Senior Housing may be Scarce Read More
The U. S. Dept. of Energy is developing energy standards for manufactured housing, as required by the Energy Independence and Security Act of 2007 (EISA), and wants input from interested parties. The focus is on the relationship between energy efficiency and indoor air quality, incentives to install energy-saving devises in
Energy Department Seeking Comment on Air Quality Standards Read More
The competition for affordable rental housing resulting from the recession, itself partly a product of the roughly 4.4 million people who lost their homes to foreclosure, has led to a shortage of homes for the extremely low-income sector. Defined as those earning less than 30 percent of the median income
Affordable Rental Units becoming More Scarce Read More
In its latest Housing Insights report, Fannie Mae notes that while overall home construction fell by 70 percent between 2006 and 2011, manufactured housing (MH) began declining in 1998, falling nearly 90 percent. In 2012 MH accounted for 7.4 percent of total home construction, a substantial drop from 20.2 percent
Fannie Mae: Manufactured Housing has Challenges to Overcome Read More
The Dow had its third-triple digit gain in a row as fears of the end of the Federal Reserve’s stimulus waned. CNNMoney reports the Dow Jones Industrial Average gained 114.35 points, +0.77 percent, to end the day at 15,024.49. The Nasdaq advanced +0.76 percent, +25.64 points, to end the session
Three Major Indexes Rise, as do Most Tracked Housing Stocks Read More
Metal travel trailers evolved as an interesting, inexpensive way for a family to take a vacation, but the Great Depression transformed them into dwellings as people lost their homes. During WWII, the units provided portable quarters for the military as well as housing for factory workers that were part of
In the Beginning…from Travel Trailers to Manufactured Homes Read More
As many as 120 men once again faced homelessness after the Haven of Rest, which operated for 25 years, providing emergency and transitional housing, closed its doors this month in Tallahassee, Fla. Last week modular housing was delivered to the new Westgate Community residential campus as temporary shelter until a
Modular Housing Provides Shelter for Homeless Men Read More
A manufactured housing community is offering to pay cash for single-section manufactured homes 1990 or newer. Rolling Hills Estates in D’Iverbille, Miss., just outside Biloxi, is also offering newer homes for people who want to trade up their older manufactured home and live in the community. As newswire informs MHProNews,
Community Owner will pay Cash for used Manufactured Homes Read More
In an unscientific survey conducted in Magnolia, Ark. in the southwest corner of the state, 45.12 percent of the respondents say a landowner should be able to site a manufactured home on their property without hindrance. 28.45 percent state manufactured home locations should be controlled and their appearance regulated so
Survey Respondents want Manufactured Homes Restricted Read More
Following news the Gross Domestic Product (GDP) grew only 1.8 percent in the first quarter, well below the 2.4 percent analysts were hoping for, stocks rallied as investors bet the Federal Reserve will keep the stimulus intact. CNNMoney reports the Dow Jones Industrial Average gained 149.83 points, +1.02 percent, to
Hope for Continuing Stimulus Sparks Indexes; Tracked Housing Stocks Mixed Read More
Investment firm Alceon has acquired the Oaklands Village Manufactured Home Estate in Wollongong, New South Wales, on the southeast coast of Australia, for $13.4 million. Sold by the Oaklands Village Trust, the community has 258 home sites and is located just south of Sydney, Australia, according to theaustralian.com. As MHProNews
Australian Manufactured Home Community Changes Hands Read More
In 2012 Iowa retailers ordered 271 HUD Code manufactured homes, well below the years from 1964 to 1982 and 1988 to 2002 when orders ran over 1000 annually, but 28 percent higher than the 212 ordered in 2011, according to Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association.
Manufactured Housing Numbers Climb in Iowa Read More
Following a story MHProNews posted yesterday, June 25, concerning the former Hilltop manufactured housing community in State College, Penn. that a builder wants to develop into student housing, the College Township Council rejected the request. Despite a modified proposal from the developer, Ind.-based Trinitas Ventures, which offered a plan that
Rezoning Request for Former Manufactured Housing Community Denied Read More
Chicago-based real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (NYSE:ELS) announces its board of directors has declared a two-for-one split of the company’s common stock. The stock dividend will be payable July 15, 2013 to shareholders of record as of July 5, 2013. According to wsj.com, the number of
Sam Zell’s Equity LifeStyle Properties Declares Stock Split Read More
A Shannon, North Carolina man has been charged with defrauding 45 people of $437,702 by not delivering manufactured homes they had purchased, and is in jail under a $800,000 secured bond. Bradley Malcolm McMillian, 38, is facing two counts of obtaining more than $100,000 worth of property by false pretense,
Fraud Charges Levied against Manufactured Home Seller Read More
A four-acre site occupied by a manufacturing plant that closed in 1990 and now owned by the Carthage Industrial Development Corp. (CIDC) in Carthage, New York is set for six homes to be built by Thousand Islands Area Habitat for Humanity. In collaboration with the village of Carthage and the
Modular Homes may Fill Demolished Factory Site Read More
The measure of consumer confidence rose to its highest level since 2008, and a positive report on durable goods as well as from the housing market spurred U. S. stocks upward, as the Dow regained 100 points following losses in recent days. CNNMoney reports the Dow Jones Industrial Average gained
Major Three Indexes Gain, Housing Stocks Close Mixed Read More
