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.
WoodworkingNetwork informs MHProNews that Universal Forest Products, Inc. (NASDAQ:UFPI) has developed a “fiberized thermoplastic-mineral composite that replicates the fibrous structure of wood.” It’s durability, strength, stability, aesthetic, and workability are equal to or better than wood, and improves upon the strength of wood-plastic composites. Eovations, as it is called, can […]
New Composite Outperforms Wood, other Composites Read More
According to theaustralian, the Twynam Group of Sydney, Australia has acquired modular home manufacturer Quicksmart Homes and intends to produce 2,000 new homes per year in the next five years. Part of Kahlbetzer Investments, which has extensive agricultural and livestock holdings across Australia, as MHProNews has discovered, Twynam’s real estate
Kahlbetzer Adds Modular to Holdings Read More
U.S. employers added 236,000 jobs in February, including 48,000 construction jobs, reflecting the upswing in the housing market. As MHProNews has learned from CNNMoney, the unemployment rate dropped to 7.7 percent, its lowest level since 2008. In the last five months builders have added 151,000 construction jobs, the highest number
Construction Jobs Adding Up Read More
OregonLive informs MHProNews Method Homes and Skylab Architecture have partnered on the modular HOMB House, a series of 100 square foot triangular modules that fit together like a honeycomb. With four bedrooms, three-and-a-half baths, the house in Portland, OR has 2,700 square plus an excavated basement of 1,200 square feet.
Triangular Modules Create Sharp-angled Modern House Read More
MHProNews has learned from beachcarolina the Onslow County Manufactured Home Demolition Assistance Program (MHDAP) offers financial assistance in the demolition of abandoned manufactured homes. Funded by a combination of Onslow County and applicant contributions in cases where a home needs to be removed because it poses a public health hazard,
Program Demolishes Abandoned MH Read More
A better than anticipated jobs report and drop in the unemployment rate pushed the Dow to another new high. All three major indexes are now up between seven and nine percent on the year, and two percent this week. CNNMoney reports the Dow Jones Industrial Average moved up +0.47 percent,
Dow Sets another Record; Skyline Flying High Read More
The brenhambanner from Brenham, Texas. reports a variance that would have allowed the construction of a 106-site manufactured housing community has been voted down by the Brenham City Council. As MHProNews has learned, Adolph Wehmeyer had requested the variance. Brenham is just northwest of Houston. (Image credit: Wikipedia)
MHProNews has learned from the National Modular Housing Council (NMHC) shipments for Q4 2012 rose 4.3 percent from Q4 2011 to 3,206 homes. Compared to the fourth quarter of 2011, state shipment totals show 11 states had increases of shipments, 12 states indicated a decline, and 11 states experienced insignificant
Modular Shipments Rise Read More
MHProNews has learned that the latest totals for manufactured home community professionals as well as builder/developers registered for the 2013 Tunica Show has more than doubled over last year at this time. Manufactured Home Retailer registrations are up some 22.5% over the same time in 2012. In a statement, show
MH Community, Retailers and Builder/Developers Swell Read More
According to capegazette.villagesoup, Delaware State Representative Ruth Briggs King, whose race we covered last Nov. 2, 2012, represents District 37, which consists of 25 percent manufactured home residents. In response to a letter to the editor in the capegazette, Rep. King writes of the legislation she intends to introduce that
Legislator Outlines MHC Agenda Read More
The American Banker informs MHProNews the Federal Housing Administration (FHA) is issuing its own QM rule because the Consumer Financial Protection Bureau (CFPB)’s may conflict with the FHA’s Single-Family Program. HUD spokesman Brian Sullivan states FHA has the authority under Dodd-Frank to create its own ability-to-repay rule, and will be
FHA Prepares Own QM Ticket Read More
As washingtonpost informs MHProNews, while Fannie Mae and Freddie Mac have been vilified for allegedly causing the financial meltdown, for being bailed out by the government to the tune of $131 billion, and for taking business from private firms, neither the Democrats nor the Republicans are actively doing much to
Overhaul Fannie and Freddie? Why? Read More
MyDesert reports from Palm Springs, Calif. the Desert Living Home Show is anticipating record crowds as the economy improves and home values rise, which will hopefully have homeowners thinking about home improvement. The event is expected to attract 5,000 attendees who will be eyeing barbecue islands, kitchen appliances, and cabinetry,
Modular Dwelling will be Featured at Home Show Read More
The lower-than-expected first-time unemployment claims and (anticipated) better-than-expected job growth for Feb. pushed the Dow to another new record today, as all three indexes advanced. CNNMoney reports the Dow Jones Industrial Average moved up +0.23 percent, +33.25 points, to close at another record high of 14,329.49. The Nasdaq gained +0.30
Dow Climbs Higher; Tracked Housing Stocks Fairly Static Read More
MarketWatch tells MHProNews NeighborWorks America, a non-profit which bills itself as the foremost trainer of affordable housing professionals, says research shows that homebuyers who receive pre-purchase counseling from them are almost one-third less apt to get behind in their mortgage 90 days or more within the first two years of
Pre-purchase Counseling Leads to Fewer Foreclosures Read More
Updating a story MHProNews posted Jan. 14, 2013 about residents of Killam Properties, Inc.’s Mountain View Estates MHC at Lake Echo, Nova Scotia, Canada having to boil their water (or buy it bottled) for 14 months, it is now safe to drink for the 300 families who live there. One
Water is Clear, Legalities could get Muddy Read More
CNNMoney says ADP reports the private sector added 198,000 jobs in Feb., much more than the 150,000 economists were expecting, but well short of the 300,000 needed to fully stimulate the economy. Small businesses with under 50 employees added 77,000 workers, medium-sized businesses added 65,000, and large businesses with 500
Jobs Market Improving Modestly but Steadily Read More
HousingWire informs MHProNews the Federal Reserve’s February Beige Book of growth in economic activity indicates the real estate market in almost all the districts recorded strong improvement as inventories shrank and home prices rose. While in Philadelphia low-end prices were firm or rising and the prices of high-end homes were
The Fed Says Housing Market Slowly Rising Read More
According to Anthony Randazzo, director of economic research at Reason Foundation, the federal government’s continued belief that everyone should own a home is what created the housing bubble in the first place, and it could happen again. Writing in the Orange County Register, he says with Fannie Mae and Freddie
Eliminating GSEs could Still Leave Taxpayers Exposed to Risk Read More
Investors rejoiced that economists predict 175,000 jobs will have been added in Feb., further driving the Dow to another new record today. While some analysts suggest there may be a pullback, “There’s more and more confidence that the economy is on firmer footing,” according to Bill Stone of PNC Wealth
Dow Pushes Higher; Cavco Gains Four Percent Plus Read More
