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.
MarketWatch informs MHProNews private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden L. Rudoph to the post of Vice President, Asset Management. A senior associate since June 2011, Rudolph has been involved in acquisitions and asset management, and was involved in the company purchase […]
Green Courte Promotes Rudolph Read More
The U. S. stock market had a banner day today after the Dow closed above 15,000 for the first time ever and investors drove the S&P 500 to another new high. CNNMoney reports the Dow Jones Industrial Average gained +0.58 percent, +87.31 points, to end the day at 15,056.20. The
Dow, S&P set Records; Cavco Gains most of Tracked Stocks Read More
The U. S. Department of Housing and Urban Development (HUD) has announced it will sell approximately 20,000 severely delinquent mortgage loans insured by the Federal Housing Administration (FHA) in an attempt to reduce the shadow inventory and hone in on areas showing high foreclosure activity. Through its Distressed Asset Stabilization
HUD Hopes to Reduce Shadow Inventory Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) reports the number of U. S. housing markets experiencing sustained growth fell from 273 in April to 258 in May, representing all 50 states and the District of Columbia. The IMI measurement is based on areas that show
New Home Growth Slips Read More
According to northbaybusinessjournal in Calif., Santa Rosa-based HybridCore Homes is designing the first phase of an 81-unit modular apartment complex in Williston, North Dakota, where the Bakken Oil Field has created a large demand for housing. The second phase calls for an additional 324 apartments. The name refers to the
Modular Builder Holding Workshops on Construction Read More
MHProNews has learned from kelownacapnews in British Columbia, Canada, a letter aimed at elected officials from a couple who own a manufactured home is appealing a ruling based on a numbering system that prevents them from registering their homes in the Manufactured Home Registry. Their homes meet all the requirements
Couple unable to Register Manufactured Home Read More
The portlandtribune reports a huge tree that uprooted and fell down an embankment into the Sieben Creek behind the Shadowbrook Mobile Home Park Dec. 12, 2012 in Clackamas, Ore. has apparently ceased to cause problems. The residents’ major water line damaged by the tree was repaired Dec. 28, but the
Uprooted Tree no Longer a Problem Read More
The S&P 500 closed at a record high again today, hitting 1619.7 and then settling back at 1617.50 while the Nasdaq marked its highest level since 2000, attributable to gains made by Bank of America and Apple. CNNMoney reports the Dow Jones Industrial Average slipped -0.03 percent, -5.07 points, to
Three Indexes Stay High; Most Tracked Housing Stocks Gain Read More
Craig’sDetroit notes southeast Mich. is home to two of the largest owners of manufactured home communities. RHP Properties of Farmington Hills is the largest privately-owned MHC in the nation, having just competed a deal to acquire 71 more communities, bulging its portfolio to $2.25 billion, as MHProNews posted April 16,
Manufactured Housing Big in Southeast Mich. Read More
PRWeb reports Oak Creek Homes announces the opening of its new home center, its 17th in Texas, in Midland, TX to sell manufactured and modular homes and commercial buildings. General Manager Craig Johnston says the shortage of affordable housing and the rise in apartment rentals spurred the company to open
Oak Creek Opens New Home Center Read More
The sacbee tells MHProNews Drew Industries, Inc. reports record net sales for the first quarter ending March 31, 2013 of $253 million, producing net income of $8.4 million, $0.36 per diluted share. An after-tax charge of $0.7 million for executive succession and relocating the company’s headquarters from New York to
Drew Reports Record Sales Read More
In Prefabulous and Almost Off the Grid, Sherri Koones’ most recent book about prefabricated housing, she features over 30 homes which consist of pre-made components to varying degrees. A long-time proponent of factory-built homes, Koones notes that many home builders are more focused on selling homes than adapting to new
Author again Touts Modular Homes Read More
The Press Enterprise informs MHProNews the San Jacinto (Calif.) City Council, knowing many of the senior residents of manufactured home communities are not likely to come to council meetings at night, have developed an outreach program to bring the council and staff to their centers. Community residents’ concerns include longer
City Council brings Meetings to Communities Read More
The Manufactured Housing Institute (MHI) has sent an urgent action alert to members of the manufactured housing industry to contact their Congressional representative and ask for their co-sponsorship and support of H.R. 1779, the Preserving Access to Manufactured Housing Act. The bi-partisan measure would amend provisions of the Dodd-Frank Wall
Manufactured Housing Institute Issues Action Alert Read More
Rep. Stephen Fincher (R-Tenn.), Rep. Bennie Thompson (D-Miss.), and Rep. Gary Miller (R-Calif.) sponsored The Preserving Access to Manufactured Housing Act, HR 1779, which will amend the provisions in Dodd-Frank that curtail the availability of manufactured housing loans. In remarks in the Congressional Record of April 26, 2013, Rep. Fincher,
Rep. Fincher’s Remarks Regarding HR 1779 in the Congressional Record Read More
U. S. stocks surged today amid reports that the economy added 165,000 jobs in April and the unemployment rate dropped to 7.5 percent, sending the Dow Jones Industrial Average at one point over the 15,000 mark, but it settled at 14,973.96, gaining 142.38 points, + 0.96%, as CNNMoney reports. Meanwhile
Tracked Housing Stocks Gain; Dow Crosses 15,000 Mark Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the U. S. Department of Housing and Urban Development (HUD) says production of manufactured housing dropped slightly March 2013 over March 2012 by 4.3 percent, from 4,671 homes last year to 4,467 this past March. As MHProNews reported May 8, 2012,
Overall MH Production Advances, but March takes a dip Read More
The huffingtonpost says an over-used two-bedroom one bath modular home that once housed 13 Oglala Sioux on South Dakota’s Pine Ridge Reservation now graces the National Mall in Washington, D.C. after being placed in front of the U. S. Capitol April 17 as part of Trail of Hope for Indian
More Modulars Needed on Reservations Read More
The esteemed Warren Buffett, Oracle of Omaha, the eminence of income, who worked hard and smart and honestly to make his wealth, according to wallstreetcheatsheet, in an essay published online by Fortune magazine remarks on the incredible economic growth in this country since 1776, and the future importance of gender
And Now—Heeeerre’s Warren!! Read More
For the fifth consecutive week, according to what nationalmortgagenews tells MHProNews, the average 30-year fixed-rate mortgage (FRM) has dropped to 3.35 percent, and is now closing in on the record low of 3.31 percent set the week of Nov. 21, 2012. The fixed-rate 15-year mortgage set a new record low
Thirty-year Mortgage near Record Low Read More
