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.
Concerns about the economy slowing down and the Federal Reserve’s quantitative easing being reduced sent stocks tumbling in today’s trading, as the Dow lost over 200 points. CNNMoney reports the Dow Jones Industrial Average dropped -1.43 percent, -216.95 points, to close at 14,960.59. The Nasdaq fell -1.27 percent, -43.78 points, […]
Dow Falls Below 15k, while Skyline Advances Read More
According to dailyfinance, MH component supplier Drew Industries is quick at turning cash outflows into cash inflows, based on a formula that may be just as important as income in determining the financial health of a company. The cash conversion cycle (CCC) calculates days inventory outstanding to days sales outstanding,
According to mortgagenewsdaily, the Consumer Financial Protection Bureau (CFPB) has issued updates regarding what examiners will be checking lenders for when the new regulations go into effect Jan. 2014. Noting these are the first of what is anticipated will be numerous updates, the examination procedures concern the Truth in Lending
CFPB Issues Exam Procedures Read More
As HousingWire informs MHProNews, although the media is overflowing with glowing reports about the housing market recovery, it is not time to celebrate yet. CoreLogic reports April home prices were up 12 percent over April 2012, and 3.2 percent higher than March, but the market continues to need more move-up
Housing Recovery Still Tenuous Read More
Unlike the prefabricated housing that dominated the industry after WWII, SpineLock Living in Mansfield has developed a modular system the company’s CEO Derick Wilson hopes will revolutionize home building in Great Britain. The sections are transported to the site and then slotted together using a panelized interlocking system and then
UK Engineer has Unique Modular System Read More
Weakness in the energy and materials sector and investors’ concern over unknown but coming Federal Reserve policy led to the drop in the three major indexes today. CNNMoney reports the Dow Jones Industrial Average dropped -0.50 percent, -76.49 points, to close at 15,177.54. The Nasdaq moved down -0.58 percent, -20.11
Three Major Indexes Fall, Most Tracked Housing Stocks Follow Read More
In testimony before the House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing and Trade, Rick Judson, Chairman of the National Association of Home Builders, said, “How lawmakers and regulators deal with tax reform, home energy codes and the availability of building materials will go a long way to ensure
Builders want Congressional Support Read More
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
