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.
MHProNews has learned from nj.com the home renovation TV show “This Old House” will be covering the rebuilding of three homes that were in the path of Hurricane Sandy along the New Jersey coastline. One of them, in Manasquan, NJ involves replacing a 1940s house with a modular home. Instead […]
Modular Home: Made for TV Read More
According to the orlandosentinel, local and national law enforcement efforts are being stepped up in Orlando, Fla. due to a recent rash of human trafficking cases. Supportive services including modular housing are on the agenda for the newly-created task force established to deal with the victims. Central Florida non-profit, The
Modular Housing for Crime Victims Read More
Updating a post we published Nov. 22, 2012 regarding the Broad Group’s proposal to construct the world’s tallest building, Beijing gave its approval for the modular project that will house over 30,000 residents, according to troymedia. Set for construction in Changsha, China, in the Hunan Province, the 220-story building, Sky
Modular Skyscraper will be Highest Read More
Modular builder Britco of Vancouver, British Columbia, Canada has entered into a partnership with the Tsleil-Waututh Nation to create some mutually beneficial business opportunities. As newswire.ca tells MHProNews, the First Nation is comprised of 500 members who live along the shores of the Burrard Inlet in N. Vancouver, BC. With
Modular Builder and First Nation Collaborate Read More
For the 14th consecutive year Berkshire Hathaway CEO Warren Buffett is auctioning off a power lunch for eight on E-bay, his annual anti-poverty fundraiser that fuels the San Francisco charity GLIDE. The non-profit provides some 800,000 meals each year to the hungry, and has received $15 million since the auction
How Much for Lunch? Millions! Read More
The standard.net.au reports from Warrnambool in southeastern Australia on the Indian Ocean all 17 lots designated for affordable housing sold within hours of being placed on the block by the Warrnambool City Council. Seven of the homes were snapped up by Rod Stephens of Modular Homes, as MHProNews has been
Modular Builder Snaps up Lots Read More
The first day of June began with a bang as the Dow gained over 100 points in a steady rise all afternoon. CNNMoney reports the Dow Jones Industrial Average gained +0.92 percent, + 138.46 points, to close at 15,254.03. The Nasdaq advanced +0.27 percent, +9.46 points, to end the day
Indexes Begin June Rising; Tracked Housing Stocks close Mixed Read More
According to philly.com, rent controls for the 46 low or moderate-income residents of Tricia Meadows manufactured housing community in Mount Laurel, NJ will expire at the end of the year and become market rate like the other homes in the 400 site community. Built in 1984 by developer Roger Davis
Rent Control Set to Expire Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Dept. of Housing and Urban Development (HUD) statistics reveal production of manufactured homes in April rose 14.7 percent over April 2012, 5,313 homes over 4,630. Total production for the year equals 18,173 homes, an increase of 4.2 percent over
April MH Production Rises Read More
As PRWeb informs MHProNews, Ramtech Building Systems of Mansfield, TX is in the final stages of completing the 272-room modular housing complex for Fort Sam Houston in San Antonio, TX. Now 70 percent complete and on track for completion in Nov. 2013, the$9.7 million barracks will feature waterless urinals, a
Army Green—not just Combat Fatigues Read More
Following up on a post MHProNews published May 22, 2013, regarding sewer service at an MHC possibly being shut off June 5 because of a $17,884.35 bill, mymotherlode reports a sign was posted at the community saying, “The sewer bill has been paid,” and signed, “Management.” Jim Clayton (not the
Community Spared Sewer Loss Read More
Ruth Briggs King, Delaware’s State Representative from the 37th District, writing in capegazette.villagesoup, says she has introduced three pieces of legislation in support of residents of manufactured housing: House Bill 65 extends the Delaware Manufactured Home Relocation Trust Fund for another five years; House Bill 66 requires owners to disclose
Legislative Update–Delaware Read More
The Dept. of Housing and Urban Development (HUD)’s Choice Neighborhood Program will provide $109 million in grants to revitalize public and HUD-assisted housing as a means of transforming desolate communities. HousingWire says Choice Neighborhoods program focuses on three goals: replacing distressed housing, improving educational outcomes for youth and rehabilitating decimated
HUD Grants to Spur Urban Housing Read More
All three indexes lost over one percent in a strong sell-off of stocks to end the month, although all three are on the plus side for May. The Dow Jones Industrial Average marked the sixth consecutive monthly gain; all three indexes are up approximately 16 percent on the year. CNNMoney
Indexes, Most Tracked Housing Stocks all Fall Down Read More
The Rumbling Bald Resort area of Lake Lure in western North Carolina has a new name on the Approved Builder roster: Vision Building Group (VBG) spent most of last year building and finishing a modular home at the resort. PRWeb says the company can now be used by current and
New Mod on the Block Read More
Saying it is too difficult to calculate individual pay early in the origination process, the Consumer Financial Protection Bureau (CFPB) now says loan officer compensation should not be included in the three percent cap threshold under the qualified mortgage rule. However, as nationalmortgagenews informs MHProNews, compensation paid by the creditor
CFPB: Cap Excludes Comp Read More
With a 174-acre tract of land donated to the state for Florida Polytechnic University in Lakeland, Fla., on which classroom construction is progressing, officials are concerned about the lack of housing, according to what theledger tells MHProNews. Rob Gidel, chairman of the school’s board of trustees, questions whether housing for
School may Opt for Modular Read More
MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading
Cavco Stock Upgraded Read More
Where any number over 50 indicates more builders see the market as improving rather than getting worse, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) dropped two points to 52, while still marking the fifth consecutive quarter with a reading over 50. The MPI measures construction of
Multifamily Sector Continues Rebounding Read More
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
