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.
In a special report to MHProNews from the BrenhamBanner in Brenham, Texas, the city council reversed an earlier vote and decided to grant a request for a 106-site manufactured home subdivision. The original request from Adolph Wehmeyer for a road frontage variance was denied—city codes call for 200-400 feet frontage …
Council Votes a Variance for New Manufactured Home Community Read More
MHProNews has learned while many indicators continue to show improvement in the housing market, sales of existing homes nudged down 0.6 percent in March from Feb. to an annualized rate of 492,000, but rose 10.3 percent from last Feb. CNNMoney reports average time homes were on the market fell from …
BizJournals informs MHProNews Yogi Bear’s Jellystone Park in New York’s Wyoming County has been acquired by Sun Communities, Inc. of Southfield, Mich. The 100-acre family camping resort, which includes cabins, tent and RV sites, has been owned and operated by Sue and Scott Crumpton since 2004, and has a variety …
Despite a disappointing housing industry sales report and mixed news from several Fortune 500 companies, the three indexes managed modest gains to begin the week. CNNMoney reports the Dow Jones Industrial Average managed to add +0.14 percent, +19.66 points, to end the day at 14,567.17. The Nasdaq moved up +0.86 …
Three Major Indexes Nudge up Despite Poor Housing News Read More
Zanebenefits informs MHProNews that the 53 employees of modular builder Cardinal Homes of Wylliesburg, Vir. are getting a tax deductible health care plan that saves 76 percent on health care benefits. The Defined Contribution ZaneHRA plan gives employees a choice for their medical care while continuing to give corporate control …
MHProNews has learned from the burlington freepress in Vermont that residents of Windemere Mobile Home Park in Colchester, VT may finally realize a solution for the low water pressure and sewage problems in their community. Owned by the non-profit Housing Foundation, Inc. (HFI)n the 83 homesites have a water supply …
The Dept. of Housing and Urban Development’s ManuFACTured Housing Newsletter reports the Manufactured Housing Consensus Committee (MHCC) announces the appointment of three new members of the committee and the reappointment of six members, including the chairman, Richard Weinert. New members include: Debra Blake, Deputy Dir. for the MH Office, Arizona …
New Members of the Manufactured Housing Consensus Committee Read More
StreetInsider reports Universal Forest Products, Inc. has declared a semi-annual dividend of $0.20 a share, $0.4 annualized. Payable on June 15 , 2013 to shareholders of record as of June 1, 2013, the annual yield is 1.1 percent. As MHProNews reported April 18, net earnings for UFPI were up 25.7 …
CNNMoney informs MHProNews Federal Reserve Governor Sarah Bloom Raskin says now that the housing market is improving, middle class families who have not been able to take advantage of the low interest rates may now have that opportunity. Speaking at the Levy Economics Institute’s Minsky Conference, Raskin said, “As house …
Although the stock market suffered its worst week of the year with all three indexes having lost over two percent, they did manage to end the day on a positive note, as the Nasdaq gained over one percent. CNNMoney reports the Dow Jones Industrial Average nudged up +0.07 percent, +10.37 …
Cavco, Skyline Gain; Major Indexes Down on the Week Read More
As the population growth in rural communities is challenging the parameters set by the U. S Dept. of Agriculture’s rural housing programs, Senators Tim Johnson (D-SD) and Pat Roberts (R-KS) have proposed a bill to raise the population cap from 25,000 to 35,000 so homeownership continues to be available for …
Homeownership Lending to be Maintained in Rural Areas Read More
Individuals and companies were honored for outstanding achievement in the manufactured and modular housing industry at the 2013 National Congress and Expo awards luncheon held in Las Vegas April 17, 2013. Those recognized for their contributions are as follows: LAND-LEASE COMMUNITY OF THE YEAR (Northeast/Mid-Atlantic)—Calverton Meadows, Calverton NY (South) – …
National Industry Leaders Honored at 2013 Congress and Expo Read More
According to ADVFN, Drew Industries, Inc. (NYSE:DW) will release its 2013 first quarter earnings report Fri. May 3, 2013 before the market opens, followed by a conference call at 11 AM EST that morning to discuss the results. While participation in the question and answer segment of the webcast will …
CNNMoney tells MHProNews some industry experts forecast the housing recovery may not last. While home prices have risen eight percent, investors are driving the surge, taking advantage of low interest rates and depressed home prices. When rates and home prices rise, the recovery may stall, especially as investors receive a …
MHProNews has learned from WWLP-22 in Northampton, Mass. one man was killed and two others were injured when one of two modular units shifted while the workmen were connecting the two modules, pinning two of the men. Alfred Cabiya died at the scene, but one of the other men had …
Wired tells MHProNews the Dutch city of Nijmegen is collaborating with over 20 architects to provide a range of 29 modular flat pack affordable homes for first-time homebuyers. Targeted to those with annual incomes of $40,000 to $60,000, the stylish designs are far better than the block homes that were …
Stocks slid for a second consecutive day on tepid news from the technology and financial sectors, which some are terming an “overdue sell-off,” as all three major indexes nudged downward. CNNMoney reports the Dow Jones Industrial Average fell -0.56 percent, -81.45 points, to end the day at 14,537.14. The Nasdaq …
UFPI Registers Significant Gain; Three Major Indexes Fall Read More
Following up on a story MHProNews posted April 17 concerning residential rental property in the Iowa legislature that would provide a tax break for manufactured housing communities, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) says the House rewrote SF 295 that the Senate had passed and returned it …
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) survey reports builder confidence dropped two points to a composite score of 42 in March as concerns over rising material costs, tight credit, shortages of skilled labor and available lots nag at the market for newly built, single-family …
According to nationalmortgagenews, bankers were relieved when the Consumer Financial Protection Bureau (CFPB) released its qualified mortgage rule (QM) in January, which gives the lender protection if a borrower defaults. But now some bank executives are hesitant to make loans outside the QM rule, and worry they could be rapped …
