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.
Tribune242 reports from the Bahamas the VTrade Company, now operating its light manufacturing business out of an 86,000 foot warehouse, is considering making modular homes or electric cars and expanding into an available 240,000 square foot facility in Freeport. The firm currently makes energy efficient light bulbs, distributes hardware products […]
Bahamas Firm may Produce Modular Homes Read More
The National Association of Home Builders reports 73.7 percent of the new and existing homes sold in the first quarter of 2013 were affordable to families earning the annual median income of $64,400, down slightly from 74.9 percent in Q4 2012. The data for the NAHB/Wells Fargo Housing Opportunity Index
Housing Affordability Remains Strong Read More
Positive sentiment about the progress of the economy plus good financial news from some of the top banks pushed the Dow and the S&P to all new record highs today. CNNMoney reports the Dow Jones Industrial Average advanced +0.82 percent, +123.57 points, to close at 15,215.25. The Nasdaq gained +0.69
No Tracked Housing Stocks Fall as Dow and S&P Set Records Read More
Caitlin Nauert of the Texas Manufactured Housing Association (TMHA) tells MHProNews the TMHA board members raised $16,000 towards a fundraiser it is co-hosting with the Manufactured Housing Institute (MHI) for Rep. Jeb Hensarling (R-TX). As Chairman of the powerful House Financial Services Committee, Rep. Hensarling oversees the mortgage industry, and
Fundraiser for Rep. Hensarling Slated Read More
The ABQJournal tells MHProNews that the Farmington, New Mexico metropolitan statistical area (MSA) has the highest percentage of manufactured housing as part if its inventory of any metro area in the U. S., at 32 percent. Two-thirds of the county’s 128,529 residents live outside the city in rural areas, including
Remote Southwest Draws Manufactured Housing Read More
The Manufactured Housing Institute (MHI) informs MHProNews the U. S. Department of housing and Urban Development (HUD) is seeking a qualified organization to assist HUD in performing assessment inspections, monitoring, and evaluation of the performance of private and state agencies responsible for oversight of design and construction of manufactured housing,
New Contractor Sought for Manufactured Housing Program Read More
From msn.co.nz MHProNews has learned the government of New Zealand will add one and two bedrooms to 2,000 existing homes, three-fourths of them in Auckland, to help ease the country’s overcrowding. Under the same program, costing $370 million, 500 new two-bedroom modular homes will be built, the National Party Housing
Modular Homes to Rise Down Under Read More
The U. S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) have issued new guidelines to assist design professionals, builders and developers in meeting their obligations regarding persons with disabilities when building multifamily housing. The regulations relate to width of doorways and sufficient space in
Government Issues Guidelines for Multifamily Housing Read More
Investors responded to purported news that the Federal Reserve may reduce its quantitative easing that is pumping $80 billion into the economy each month by backing off, leaving the three major indexes barely moving. CNNMoney reports the Dow Jones Industrial Average slid -0.18 percent, -26.81 points, to close at 15,091.68.
Fed may Ease Easing, Giving Investors Pause Read More
While many call for the Federal Housing Authority (FHA) to reduce its presence in the mortgage market, it would not be a wise move with purchase loans as low as they are. MHProNews has learned from nationalmortgagenews, even though much of the housing market news is encouraging, only 2.3 million
Policymakers should Deal Gingerly with FHA Read More
Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations
Killam Releases Q1 Results Read More
The Coshocton City Council is trying to set standards on what type of structures may be allowed in the city, according to the coshoctontribune in Ohio. Service Director Jerry Stenner wants to follow the code adopted by the Ohio Revised Code, but also wants to exclude pre-HUD Code homes and
City Revising Statutes Read More
The enterprisecommunity reports in The Horizon that as seniors age in manufactured homes and more baby boomers retire, some of whom will likely live in manufactured homes, the need for accessibility wheelchair ramps will increase. Sam Beall, the Enterprise Rose Architectural Fellow, says if you are lucky to live long
Decrease the Height of Manufactured Homes? Read More
According to palmspringslife, in the 1960’s architect Don Wexler designed seven all steel modular homes in North Palm Springs, Calif. in conjunction with the Alexander Group, each selling for $14,000. The intent was to build 36 homes but the price of materials became prohibitive, as everything except the concrete foundation,
Steel Modular Home Revived Read More
The latimes tells MHProNews one of the exhibits at the Alternative Building Materials & Design Conference and Expo, which opens at the Santa Monica Civic Auditorium, will also feature a modular home like several home shows we have covered recently. The one on display is a “granny flat”by Modular Lifestyles,
Modular Home at another Home Show Read More
According to thepublicopinion from Watertown, South Dakota, a public hearing has been set for May 20, 2013 regarding Pelican Plaza LLC’s application for a conditional use permit for its existing manufactured home community. The public is invited to attend or send written comments to the Codington County zoning officer. As
MHC Owner Applies for Conditional Use Permit Read More
With all three indexes up between 13% and 15% this year, the strengthening dollar compared to the Japanese yen and other currencies led to another positive day on Wall Street. CNNMoney reports the Dow Jones Industrial Average rose +0.24 percent, +35.87 points, to close at 15,118.49. The Nasdaq gained +0.80
Nobility Rises to the Throne as the Three Indexes Show Strength Read More
The National Association of Home Builders (NAHB) informs MHProNews their 55+single-family Housing Market Index (HMI) rose 19 points in the first quarter of 2013 to 46, the largest first quarter increase since the measurement began in 2008. Based on builders’ sentiments about the condition of the market for the coming
Builder Sentiment up for Senior Market Read More
Bloomberg reports Sam Zell, chairman of Equity LifeStyle Properties, Inc. (ELS), says multifamily is the only sector of the real estate market that is a smart investment, and says his real estate holdings are down to 30 percent, a record low for him. Noting stocks are overvalued (the S&P is
Zell: Multifamily a Good Investment Read More
According to CPExecutive, Canyon Capital Realty Advisors and Citi are partnering in a venture to acquire modular workforce housing in underserved areas across the country. Backed by $800 million, the Canyon Multifamily Impact Fund is targeting properties priced from $20 million to $90 million. “Amid increased housing costs across the
Partners Prowling for Workforce Housing Read More
