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.
MoneyMorning tells MHProNews residential construction is currently 2.44% of the gross domestic product (GDP), half of its historical norm, even with last year’s increases in new home construction. According to a Bloomberg survey of economists, housing starts are expected to increase by roughly 20% this year, and over the next […]
Economists Expect Home Construction to Rise nearly 20% Read More
Following up on a story MHProNews posted April 12, 2013 concerning a Delaware initiative to provide up to $5,000 to help manufactured home owners in financial hot water, we have learned Del. manufactured homes are registered through the Dept. of Motor Vehicles like automobiles, a throwback to the early days
Delaware Manufactured Homes Registered as Autos Read More
As MHProNews reported Nov. 13, 2012, CEO Philip Fraser of Killam Properties, Inc., calling Ottawa (the Canadian capital) “one of the strongest cities for long-term investment in Ontario,” announced the company purchase of a 25% share with a Kuwaiti company for a 146-unit apartment development. Also in Ottawa, Killam acquired
According to a story MHProNews posted April 8, 2013 about Northstar Realty Finance Corp. acquiring 71 manufactured housing communities at a cost of $865 million based on information we received from the National Real Estate Investor (nreionline), we now learn from BusinessWire that RHP Properties, Inc. of Farmington Hills, Mich.
New Twist on a Recent Transaction Read More
The newsherald informs MHProNews from Panama City, Fla., a battle going on since June 2012 is pitting city commissioners against the owner of Mill-Village MHC, Katy Adair, for having two Federal Emergency Management Agency (FEMA) park model trailers in the community in violation of a city ordinance. Code enforcement says
Battle Awakes over Placement of FEMA Park Model Trailers Read More
The slowing of Chinese industrial growth in the first qurter of 2013 had already lowered U. S. stocks when word arrived of the explosions at the Boston Marathon, which sent the Dow 120 points lower. The Nasdaq and S&P both dropped over two percent. CNNMoney reports the Dow Jones Industrial
Marathon Bomb Shocks Housing Stocks and Indexes to Drop Read More
Updating a story we reported Feb. 20, 2013 about the Class of 2013 inductees into the RV/MH Hall of Fame Aug. 5, 2013, RVBusiness informs MHProNews that Mark Wasson of Bluelinx Corp., the newest board member and chairman of this year’s event has announced new events built around this year’s
RV/MH Hall of Fame Induction Ceremony adds Events Read More
The Lehigh Valley Business news reports from Pennsylvania that Liberty Homes in Mount Pocono, Penn. is partnering with the U. S. Dept. of Energy (DOE) in their Total Home Performance Challenge to certify their homes have a high energy efficiency rating to maximize energy savings for their manufactured and modular
Liberty Homes Assumes Energy Efficiency Challenge Read More
WiscNews informs MHProNews from Baraboo, Wis., just north of Madison, that Blackhawk Home Sales is pulling up stakes June 1. In business since 1970 selling manufactured and modular homes, President Jim Loechler said the property has been for sale for five years and he intends to retire. It will be
HUD Code/Mod Retailer Closing Read More
As marketwire reports, Baltimore-based Algeco Scotsman has inked a joint venture agreement with Beijing Chengdong International Modular Housing Company, Ltd. Under the brand name Algeco Chengdong, the collaboration will produce, lease and sell modular housing solutions in China, which has emerging needs for flexible, onsite, temporary accommodations in the energy,
U. S. Modular Firm Teams with Chinese Counterpart Read More
CapeGazetteVillageSoup informs MHProNews a Delaware state initiative to help manufactured home owners with site rent and house payments will be unveiled April 15, according to Rep. Ruth Briggs King. The new Manufactured Housing Assistance Program (MHAP) will provide up to $5,000 as the result of state funding being set aside
State will Assist Manufactured Home Owners Read More
Investors fretting about tepid retail sales and weak consumer confidence put the lid on index advances, although the Dow is up two percent on the week. CNNMoney reports the Dow Jones Industrial Average lost -0.08 points, not enough to amount to a percentage, ending the week at 14,865.06, still only
Dow Up 2% on Week, Manufactured Housing Composite Down 5% Read More
The digitaljournal informs MHProNews that Killam Properties, Inc. of Halifax, Nova Scotia, Canada will announce its financials for the quarter ending March 31, 2013 on May 7, 2013 after the close of the market. A conference call to discuss the findings will follow on Wed. May 8, 2013 at 9
Killam to Release Q1 Numbers Read More
A bill introduced in the North Carolina legislature would bar counties from enforcing laws that exclude manufactured housing from residential areas with other single-family homes, according to citizentimes of Asheville. State Rep. Nathan Ramsey, Republican from Buncombe County, informs MHProNews, “Everyone knows affordable housing is a problem in Western North
Bill would Expand Siting of Manufactured Housing Read More
MHProNews has learned from The Federal Register that the Manufactured Housing Consensus Committee (MHCC) Structural and Design Subcommittee will hold a teleconference meeting Tue. April 23 from 1 PM to 4 PM EST. The agenda tentatively includes discussion regarding alternative foundation system testing, formaldehyde testing, and standards for windows, sliding
Manufactured Housing Consensus Committee Sets Teleconference Date Read More
If you Google “definition manufactured home,” what pops up may surprise you. “Mobile home: a large house trailer that can be connected to utilities and can be parked in one place and used as permanent housing.” Credit for the entry is Princeton University’s WordNet. MHProNews publisher L. A. “Tony” Kovach
1960’s Definition of Manufactured Housing Clouds Industry Read More
According to pegasusmarkets, East Dallas (TX) entrepreneur Jeremy Turner is transforming a 1955 Spartan trailer into a mobile art gallery to provide emerging artists with an outlet to display and sell their work. Called CART, the interior will be gutted and outfitted with white walls, gallery lighting, and air conditioning.
Vintage Trailer to become Mobile Art Gallery Read More
BusinessInsider tells MHProNews the chief economist at Gluskin Sheff, David Rosenberg, citing the drop in mortgage applications from a year-over-year rate of 16% in Jan. 2013 to only three percent today—they fell 1.3 percent the week ending April 5– says U. S. housing demand is beginning to slow. He says
Hitch in the Housing Market Recovery? Read More
The Dow Jones and the S&P 500 both continued their climb, hitting new record highs as the three major indexes made modest gains in trading today. CNNMoney reports the Dow Jones Industrial Average gained +0.42 percent, +62.9 points, to end the day at 14,865.14, one percent shy of 16,000. The
Skyline Falls while Dow and S&P Set New Records Read More
As fastcoexist.com informs MHProNews, a group of Stanford University students in Calif. have developed a modular home “Core” concept—the plumbing and most of the mechanicals are basically in a 12′ X 15′ X 10′ box, with wires and ducts fingering out. Start.Home has a kitchen on one face of the
Modular Home has Engine, No Wheels Read More
