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 housing shortage in Minot, North Dakota following the Souris River flooding in 2011 and the oil boom in western ND has resulted in students and faculty at Minot State University scrambling for places to live. The university has responded by installing ten modular housing units called ‘Beaver Lodge.” Set …
The HudsonReporter informs MHProNews, following a lengthy process of having chromium- contaminated land cleaned up in Jersey City, New Jersey, a consortium of non-profits and for profits witnessed the arrival of 22 modular townhomes that will be known as Jackson Green on Rose Avenue, in the Martin Luther King Drive …
According to nationalmortgagenews, new home sales in Dec. 2012 dropped 7.3 percent to a seasonally-adjusted annual rate (SAAR) of 369,000 units from 398,000 in Nov., which marked a two-and-a-half-year high. The Census Bureau estimates new home sales increased 20 percent from 2011 to 367,000 units for 2012. While there were …
The billingsgazette reports Canadian-American Structured Solutions, Inc. (CASS), which opened its doors in May, 2012 in Billings, Mont. to build modular homes to help meet the housing shortage in ten western states and three Canadian provinces has announced it will layoff about 30 employees as a temporary measure. CASS’ president …
DailyFinance tells MHProNews T. J. T., Inc., based in Eagle, Idaho reports a net loss of $1,149,000, $.25 a diluted share, for fiscal year 2012 for this supplier of axles, tires and set-up supplies for the MH industry. Lower sales volume combined with an increase in SG&A (selling, general and …
Just as investors were tasting a flurry of better than anticipated corporate earnings, the S&P closed above 1500 for the first time since 2007, moving all three indexes into the plus column as the week ends. CNNMoney reports the Dow Jones Industrial Average moved up +0.51 percent, +70.65 points, to …
As follow up to a story we posted Dec. 4, 2012 concerning the Huntington Beach (Calif.) City Council approving a subdivision map for an MHC to become a resident-owned community, MHProNews learned that after a superior court judge charged the city council and city attorney with contempt, the city council …
DesertDispatch reports from Barstow, Calif. in San Bernardino County a factory-built home sold to a family at the Hacienda Mobile Home Park was alleged to have black mold, running sewage, an open electrical panel and a leaking water heater. Deemed uninhabitable by the Dept. of Housing and Community Development, Hacienda …
MHProNews has learned from oregonnow that one of the 14 MHCs that have closed in the Portland, Oregon area since 2005, Baseline Woods Mobile Home Park, in Aloha, will soon see the rise of 230 apartments and 300 homes. While the developer says the housing is needed to respond to …
Homeland Security Today tells MHProNews the Federal Emergency Management Agency (FEMA) is holding two half-day briefings Feb. 19 to, one, discuss the construction of temporary manufactured housing with industry officials the first half, and the hauling and installation of the units the second half. FEMA intends to hold a design …
Investors focused again on corporate financials as U.S. Stocks closed mixed, while a falling Apple stock pulled down the Nasdaq. CNNMoney reports the Dow Jones Industrial Average gained +0.33%, +46 points, to end the day at 13,825.33. The Nasdaq fell -0.74%, -23.29, to close at 3,130.38, while the S&P gained …
Patrick, Drew Advance; Major Indexes Change Little Read More
The Globe and Mail from Toronto informs MHProNews Jason Halter and Michael de Jong have created a two-story modular house from 70% recycled materials. Using shipping container steel frames clad in cedar, the homes start around $115 a square foot. While this energy efficient house can be had with Italian …
The National Association of Home Builders (NAHB) says the demand for housingfor those 55 and older will increase through 2020 as the boomers age. Says the NAHB’s Paul Emrath, “We expect to see an increased demand for 55+ housing as more baby boomers turn 55 and seek homes and communities …
Insidermonkey reports while the stock of some of the nation’s largest traditional home builders rose tremendously in 2012, investors should pay attention to manufactured home companies. Specifically, while noting the MH industry is at a distinct disadvantage because of the government’s support of the mortgage purchase programs, nevertheless Clayton Homes’ …
The AlvinSun reports the Alvin,Texas City Council heard representatives from 23 manufactured home communities request extensions of the five-year manufactured home ordinance variance that ended Dec. 31, 2012, with requirements they have not yet met. Because of not meeting the five year ordinance deadline to begin with, most of the …
Corporate earnings and tech stocks helped push all three major indexes into the plus column again today as the Dow and S&P set new five-year highs. CNNMoney reports the Dow Jones Industrial Average gained +0.49%, 67.12 points, to end the day at 13,779.33. The Nasdaq moved up +0.33%, +10.49, to …
Following up on a story MHProNews published Nov. 19, 2012 concerning the city of Fort Collins, Colo. and its responsibility to help MH residents displaced by development, the city has drafted a report to preserve affordable housing, and addresses the role of the city and property owners in assisting low …
Adding onto an MHProNews story from Jan. 21 about the Consumer Financial Protection Bureau’s (CFPB) new mortgage servicing rules, the Texas Manufactured Housing Association (TMHA) offers a detailed summary from the American Banker’s Association (ABA). CFPB director Richard Cordray says, “We will exercise our supervision and enforcement authority to make …
The Observer reports NYC’s Bloomberg Administration’s My Micro NY competition to create a miniature housing model for the city was won by Monandock Development in collaboration with the Actors Fund for Housing Development and modular home builder Capsys, which is based in the Brooklyn Navy Yard. Although it is illegal …
CNNMoney reports according to the National Association of Realtors (NAR) sales of previously owned homes in 2012 recorded their best year since 2007, nine percent over 2011, to 4.65 million homes sold. As MHProNews has learned, Dec. year-over-year sales were up 12.8 percent. NAR says low interest rates, falling unemployment, …
