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.
Tepid economic news and a sell off of Japanese stocks did not budge the three major indexes as they gained modestly, increasing their rise for the year of 16-18 percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.14 percent, 21.73 points, to close at 15,324.53. The Nasdaq moved …
Three Indexes Continue Rising; Tracked Housing Stocks Close Mixed Read More
According to the huffingtonpost.ca, Keith Dewey used eight 20-foot shipping containers to construct a 2,000 square-foot house on a lot of 40 feet by 42 feet in Victoria, British Columbia, Canada. Thought to be Canada’s first shipping container building, residential designer Dewey says Zigloo Domestique was inspired by a 20-foot …
The 1984 video game Tetris has seemingly inspired a Beijing modular, micro-house made of a series of easy-to-assemble, stackable units, as mothernaturenetwork informs MHProNews. Furniture surfaces and envelopes for storage are part of the fiber-reinforced blocks when assembled into a unit, which includes bedroom, bathroom and office modules, interlock-able and …
Modular housing builder Northstar Systembuilt will be relocating its assembly line to an existing 53,000 square foot building in Redwood Falls, Minn. in the southwest part of the state from its current facility in Marshall, Minn., according to redwoodfallsgazette. It had received a tax abatement to construct a 36,000 square …
The Napa Valley Register in Calif. offers definitions of mobile, manufactured and modular homes and the appropriate financing. Mortgage banker Chris Salese notes that fateful day of June 15, 1976 when manufactured homes came under the jurisdiction of the Department of Housing and Urban Development (HUD) and the regulated production …
As it is noted in the aransaspassprogress, the Ingleside on the Bay (IOB) City Council (Tex.) heard recommendations from a committee wanting to update the city’s MH/RV ordinance. They suggested no manufactured homes should be sited in the city, and RVs may visit an occupied dwelling for three days if …
MHProNews has learned from the Brunswick Times-Gazette an amendment to a Conditional Use Permit has been approved by the Brunswick County Board of Supervisors in Lawrenceville, Vir. The original permit was for Knob Hill Mobile Home Park, a 34 homesite manufactured housing community, previously approved. The amendment, also approved, allows …
After nearly seven years of planning, tworiverstribune tells MHProNews ground was finally broken May 17 for the Hoopa Valley Tribal Housing Authority project in northwestern California. Comprised of ten apartments and 13 single-family modular homes, the housing will be built in the Campbell Field Subdivision. The initial phase for the …
The starphoenix of Saskatoon, Saskatchewan, Canada tells MHProNews a modular housing complex for 180 people was completed in just 59 days at Cold Lake, Alberta, Canada. 3twenty Solutions of Saskatoon built the three-story complex for the Department of National Defense and to accommodate international visitors. Each room has two beds, …
Modular Housing Project Finished Within Two Months Read More
Concerns about what will happen when the Federal Reserve ends its quantitative easing led to stocks dropping sharply in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -106.59 points, almost the exact amount it gained in yesterday’s trading, -0.69 percent, to close at 15,302.80. The Nasdaq dropped -0.61 …
Three Major Indexes, most Tracked Housing Stocks Decline Read More
Woodward County Commissioners in Woodward, Okla. are moving forward on a zoning request change for a subdivision comprised of 36 one-acre lots for manufactured and modular housing as well as for stick-built homes. A public hearing is set for June 10 at a regularly scheduled county commissioners meeting for those …
The independentweekender informs MHProNews the Susquehanna County Redevelopment Authority plans to construct six modular, senior rental units in New Milford Borough in northeast Pennsylvania in an attempt to increase the affordable housing stock. The authority is seeking $1.1 million for the project through the Pennsylvania Housing Affordability and Rehabilitation Enhancement …
The tri-parishtimes informs MHProNews that alleged overpayments to several staff members and other wrongdoing by the Morgan City Housing Authority (MCHA) in Morgan City, Louisiana may be investigated by the Dept. of Housing and Urban Development (HUD), which would likely forestall a planned modular public housing community. Federal civil service …
Alleged Funds Mismanagement may Mar Affordable Mods Read More
MarketWire informs MHProNews the board of directors of Innovative Composites International, Inc. (ICI) has appointed Mark Rivers to serve as vice-chairman and interim CEO of the company, replacing Terry Ball, the previous CEO who has taken on the mantle of President and Chief Operating Officer (COO). ICI manufactures proprietary engineered …
MHProNews has learned from KRZK-FM the Forsyth Board of Aldermen in Forsyth, Missouri have been asked by city Fire Chief Nathan Bower to clarify the town’s manufactured housing regulations. The city attorney was directed to revise the ordinance so it will differentiate between a manufactured and a modular home. Forsyth …
City Needs to Distinguish between HUD Code and Mod Read More
Responding to news that housing prices recorded the biggest increase since 2007 and a consumer confidence reading marking a five year high, CNNMoney reports the Dow Jones Industrial Average hit a new record, surging 106.29 points, +0.69 percent, to close at 15,409.39. The Nasdaq gained +0.86 percent, +29.75 points, to …
MHProNews has learned from lincolnite.co.uk JR Pickstock Group and Elements Europe are building a 120 room modular student housing complex in Lincoln, United Kingdom, north of London. The seven-floored project will include studio apartments, cluster rooms and “buddy rooms” as well as a coffee shop on the ground floor. Modular …
The Delaware Manufactured Home Relocation Authority (DMHRA) would be the agency to enforce legislation now pending in the state house, SB 33, that would require MHC owners to seek approval for rent increases beyond a certain limit. It is now the target of a class action suit brought by three …
Lawsuit Contends State Lost Authority to Collect Fees Read More
From the Manufactured Housing Institute (MHI)’s newsletter MHProNews learns Rep. Blaine Luetkemeyer (R-MO), a member of the House Financial Services Committee, has introduced the Community Lending Enhancement and Regulatory Relief Act (CLEAR Act). H. R. 1750 is designed to help smaller financial institutions obtain capital and provide loans to their …
The washingtonpost informs MHProNews seniors whose income does not qualify them for a mortgage or refinancing a home under current tight credit, may now have more income for purposes of underwriting: Due to a rule change by the top home lenders, borrowers may now use retirement assets to improve their …
