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.
According to bizjournals, Thomas M. Saltsgiver, president and founder of modular builder Muncy Homes, Inc. of Muncy, Penn., has applied with the Pennsylvania Dept. of Banking and Securities to acquire 85 percent of the common stock of First Cornerstone Bank in King of Prussia, Penn. While the bank is 90 […]
Modular Builder to Own 90% of Bank Read More
According to coastlinepilot, Chicago-based Hometown America Communities is preparing to purchase 158-homesite Laguna Terrace Park MHC of Laguna Beach, Calif., just south of Los Angeles. MHProNews has learned the property is owned by Amy Esslinger, widow of the late Steve Esslinger, who had tried to convert the property to resident
Hometown America to Buy California Land Lease Community Read More
In updating a story we first posted Feb. 7, 2013, myfoxny informs MHProNews, 17 modular homes have been acquired by the Affordable Housing Alliance in Eatontown, NJ with $1 million donated by the Robin Hood Foundation. Originally, Robin Hood had distributed $45 million of $67 million raised, including funds from
Modular Homes being Sited for Hurricane Sandy Victims Read More
U.S. Markets were closed today in honor of Good Friday. They will reopen Monday April 1 at 9 A.M. (Photo credit: Wikipedia–New York Stock Exchange)
Markets Closed Today Read More
The Manufactured Housing Institute (MHI) informs MHProNews hearings were held March 19 by both the House and the Senate on housing finance reform. Texas Chairman of the House Financial Services Committee Jeb Hensarling stated he wants to abolish Freddie Mae and Freddie Mac and privatize the secondary mortgage market. Acting
Hearings Held on Housing Finance Reform Read More
The 2013 Tunica Manufactured Home Show wrapped up today with light rains falling after two days of sunshine. The initial post show numbers reflect that a total of 2,204 total attendees and exhibitors came, a significant increase over 2012. Manufacturers, suppliers and lenders indicated they had ‘a good show.’ Association
Tunica Manufactured Housing Show Flash Report Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) informs MHProNews the Iowa House of Representatives has passed HF495, affecting 562A, applies to landlords who own the home and land. On properties that rent for under $700/mth, the late fee charge could be no greater than $12 a day, with
Change Coming to Iowa Landlord/Tenant Law? Read More
According to a members survey by the National Association of Home Builders (NAHB), since June 2012 labor shortages in all aspects of the home-building trade are driving prices up, and nearly half say they have been delayed in finishing projects on time. 1.4 million housing jobs left the industry during
Builders Stretching to Find Workers Read More
Following up on an MHProNews post from Jan. 25, 2013 regarding an MHC’s attempt to convert to a resident-owned community and the ensuing legal battle with the Huntington Beach (CA) City Council trying to prevent it, the threat of a contempt of court trial against the city finally ended in
Community Owner Wins Battle; War Continues Read More
In the ongoing effort to support the RV/MH Hall of Fame and Museum in Elkhart, Ind., President Darryl Searer is offering the opportunity to become a lifetime member of the RV/MH Heritage Foundation for half price—$25 and $12.50 for a spouse, both tax deductible. In addition, the call has gone
RV/MH Hall of Fame Needs your Support Read More
While the last day of the first quarter’s trading ended on a relatively quiet note, the S&P index nudged to a record high, 1569.19, about four points higher than its previous record set in Oct. of 2007. In addition, the Dow, besides setting a new record, is up eleven percent
S&P Flies High, Sky Rises, Quarter Concludes Read More
KENS5-TV reports from Encinal, Texas developer David Monnich is building modular housing from shipping containers and is planning a 70-unit building in the Eagle Ford Shale oilfield area. Noting they stack nine high on cargo ships, Monnich says, “They’re structurally proven. They were insulated, framed and prewired before we brought
From Shipping Container to Workforce Housing Read More
PRWeb reports from Houston, Texas that while noting more internet searches for homes are being done on mobile devices rather than desk or lap tops, Oak Creek Homes has developed a mobile version of its website, enabling shoppers to view the entire line of manufactured and modular homes and request
View Oak Creek’s Homes with Mobile App Read More
According to salemnews, Salem State University is preparing to seek bids for a three-story modular dormitory to house the influx of 100 freshmen for the fall semester. A college official says two of the residence halls are at 124 percent capacity, and some two student rooms now accommodate three. Once
Incoming Freshmen will Live in Modular Housing Read More
MHProNews has learned from HousingWire housing analyst firm RealtyTrac reports foreclosure activity rose to 1.5 million in the first quarter of 2013, nine percent more than the same period in 2012, but considerably less than the peak 2.2 million in December 2010. Daren Blomquist, vice president at RealtyTrac, says, “Delinquent
Foreclosures have Risen in Early 2013 Read More
InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and rentals, and no exposure to commercial or retail properties, it is wildly profitable. Although it is considered a small-time real estate investment
UMH: A Profitable REIT Read More
KeyNews reports from Key West, FL the 44 factory-built homes that comprise the Old Town community may soon be replaced with two and three-bedroom stick-built or modular townhomes. Southernmost Cabana LLC bought the property from the Archdiocese of Miami in 2009 for $2.4 million and has submitted preliminary plans that
Old Community Set to be Replaced Read More
Investors were cautious in trading today as they await the re-opening of banks in Cyprus that have been closed since March 16, resulting in mixed stocks on U. S. markets. CNNMoney reports the Dow Jones Industrial Average moved down -0.23 percent, -33.49 points, to close at 14,526.16. The Nasdaq gained
Patrick Re-Gains Lost Ground; Cyprus Continues to Worry Investors Read More
InsideIndianaBusiness informs MHProNews that Lippert Components, Inc. (LCI) of Goshen, IN has hired Frank Perna as vice president of operations for manufactured housing windows. A 25-year veteran of the vinyl and aluminum window industry, Perna has been with Silver Line Building Products LLC, a division of Andersen Windows. He will
Lippert has new Boss of Windows Read More
Governor Andrew Cuomo has proclaimed April 27 – May 5, 2013 as Factory-Built Home Days across New York State, coinciding with the New York Housing Association’s 2013 Spring Symposium and Legislative Summit April 30-May 1 in downtown Albany, NY. In his proclamation, the governor states manufactured housing is a source
NY Governor Proclaims Factory-Built Home Days Read More
