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.
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
According to nationalmortgagenews, a survey of economists by Bloomberg reports Federal Reserve Chairman Ben Bernanke is expected to reduce the quantitative easing that has been used to bolster the economy from $85 billion monthly to $50 billion by year’s end. That would be followed by a second cut to $30
Federal Reserve’s Bond-Buying May End by Next Year Read More
Optimism on Wall Street rose as first time jobless claims fell and the European Central Bank cut its interest rate, driving the S&P 500 to a new record high as the Dow and Nasdaq also registered gains. CNNMoney reports the Dow Jones Industrial Average moved up +130.63 points, +0.89 percent,
Tracked Housing Stocks, Housing Composite Rise; S&P Hits New High Read More
WFTV9 reports from east Orange County, Fla. 49 homes were evacuated from the Alafaya Palms manufactured home community after an unidentified powder substance was found in a shed belonging to a man who had recently died. A relative cleaning out the property discovered the containers and alerted authorities who then
Unknown Chemicals Found in MHC Read More
MHProNews has learned the National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder in Charlotte, NC, has issued a statement on the nomination of Rep. Mel Watt (D-NC) to head the Federal Housing Finance Agency (FHFA). “We applaud the nomination of Representative Watt to this important position.
NAHB Comments on FHFA Appointment Read More
Regional sales manager for Greenstar Building Systems Randy Duggan writes in the Daily Journal of Commerce from Seattle that the Northwest is beginning to accept modular construction as a viable alternative to site-built. Noting the press has covered commercial modular projects as well as nonprofits exploring low-cost modular housing, he
Modular Gaining in the Northwest Read More
TheNation reports the Stwo Group of Thailand will open a factory in Rangsit, Thailand in five months to manufacture modular homes and buildings following a 30 percent growth in residential development. Prerapat Srisakulpinyo, CEO of Stwo, says, “We expect to sell about 100 Aidol MYH-branded houses and buildings constructed under
Thailand Firm Building Modular Homes Read More
DelawareNewszap reports state Sen. Bruce Ennis has sponsored a rent justification bill, SB 33, for manufactured home communities that will mandate MHC owners seek approval from the Delaware Manufactured Home Relocation Authority if they try to raise rents beyond the Consumer Price Index (CPI) annual increase. The authority will allow
Rent Justification Bill in Delaware Legislature again Read More
BusinessWire states Warren Buffett’s Berkshire Hathaway, Inc. has acquired the 20 percent of International Metalworking Companies (IMC) B.V. of Tefen, Israel that it does not already own for $2.05 billion. IMC manufactures and distributes a wide range of metalworking tools for numerous applications through its facilities and subsidiaries in 61
Berkshire Hathaway Acquires Balance of International Metalworking Companies Read More
For the past three years it has been a case of “Sell in May and Go Away” in the stock market, and that is how the first of May has begun, with all three indexes down on the day nearly one percent, and manufacturing and retail activity slowing. CNNMoney reports
May Day begins with Three Indexes, Most Tracked Housing Stocks Down Read More
The “Father” of the used manufacturing housing business and author of the book “Deals on Wheels,” Lonnie A. Scruggs passed away April 15 in Chesapeake, VA at age 83. Mobile Home University says he was the first best-selling author of a book about how to make money from buying, selling,
Passages—Lonnie A. Scruggs Read More
