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 rutlandjournal reports that Mountain View Modular Homes has relocated its office and showroom to a more visible location in downtown Rutland, VT. Owner Drew Pierce offers custom modular homes made by Ritz-Craft of Pennsylvania starting below $100,000, as well as log cabins and garages. As MHProNews has learned, Pierce …
FastCompany is reporting the tenth top most innovative architectural firm in the world is Lake|Flato Architects of San Antonio, Tex., reinvigorators of the Hotel San Jose in Austin and the Thunderbird Motel in Marfa, Tex. MHProNews has learned the company recently announced the design of a series of high end, …
MHProNews has learned from the-star.co.ke the National Housing Council in Kenya, Africa is opening a new factory to produce modular homes made of Expanded Polystyrene Panels (EPS) that can save 30-50% in construction costs. The panels have galvanized mesh on both sides which are then coated with concrete, resisting heat, …
IBerkshires reports the town of Williamstown, Mass. has applied for a $6.25 million Hazard Mitigation Grant to buy out Spruces Mobile Home Park, pay MHC owner Morgan Management $600,000, and remove the infrastructure so no one could live there. Bordering the Hoosic River, the area was hit hard by flooding …
KnoxNews informs MHProNews from Maryville, Tenn., Clayton Homes CEO Kevin Clayton announced the company is teaming up with long-time educator Patricia Bradley to open the first private STEM (science, technology, engineering and math) school in Tenn. With an acamedic calendar based on year-round education—nine weeks on, three weeks off– the …
MHProNews has learned of the death of Ed Hussey, Sr., 95, president and chairman of the board of Liberty Homes, of Goshen, IN for over 40 years. An outspoken advocate and strong supporter of the manufactured housing industry, he served two terms as chairman of the Manufactured Housing Institute (MHI) …
The chicagotribune informs MHProNews Ill. Governor Pat Quinn has signed Senate Bill 16 to speed up the foreclosure process on abandoned single-family homes and multifamily buildings of less than seven units. The current average of 600 days will be shortened to 90-180 days for foreclosure. In addition, lenders will be …
As nationalmortgagenews tells MHProNews the Third Circuit U. S. Court of Appeals in Philadelphia ruled that a homeowner can file suit to rescind a mortgage past the statutory three-year limit providing they filed a notice within the three years. The Consumer Financial Protection Bureau (CFPB) filed a brief supporting the …
HousingWire informs MHProNews, according to the Obama Administration’s January housing scorecard, many signs point to a recovering housing market but all danger signs have not disappeared. The number of underwater borrowers has fallen from 10.78 million in the previous quarter to 10.67 million in Jan.; and existing homes for sale …
Better-than-expected earnings reports helped push U. S stocks to the plus column today as the S&P and Nasdaq made gains for the week. CNNMoney reports the Dow Jones Industrial Average nudged up +0.35 percent, +48.92 points, to end the day at 13,992.97. The Nasdaq gained +0.91 percent, +28.74, to close …
Manufactured Housing Composite Outshines Indexes and Stocks Read More
The vernonmorningstar tells MHProNews from Lumby, BC in south central British Columbia, Canada the council has finalized a new set of zoning bylaws. One of them permits a laying hen on any lot that has a single-family dwelling zoned rural or residential, excluding manufactured home communities. (Image credit: iClipart)
MHProNews has learned from nationalmortgagenews the average rate for a 30-year fixed-rate mortgage (FRM) according to Freddie Mac’s weekly survey remained steady at 3.53%, while a 15-year FRM dropped four basis points to 2.77%. Compared to last Feb. at this time, a 30- year average FRM is 34 basis points …
Asbury Park Press informs MHProNews New York City’s Robin Hood Foundation, which began raising money after Hurricane Sandy, including the 12/12/12 rock-star concert, has distributed over $45 million of the $67 million raised. The majority of the funding is going for housing-related services, as in the past. Of the $10.5 …
Investors stayed against the wall of the dance floor sifting through mixed economic news, including a drop of two percent in business productivity for Q4 2012 and and weekly jobless claims that came in above forecasts, sending the three indexes to the red zone. CNNMoney reports the Dow Jones Industrial …
RVBusiness informs MHProNews Drew Industries, Inc. of White Plains, NY will release its financials for Q4 2012 before the market opens on Wed. Feb. 20, and then host a conference call that same day at 11 AM ET for institutional investors and analysts. Others may listen to a live webcast …
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews state Senate Study Bill 1076 that tightens regulations on the MH business is opposed by the IMHA board of directors and the industry as a whole. Proposed by state Attorney General Tom Miller, the proposed legislation deals with the …
Following up on an MHProNews story Feb. 1, 2013 about the 1,000 homes that were damaged in a flood in Bundaberg, Australia, Premier Campbell Brown toured the area and assured the people who are currently living in tents that at least 12 three-bedroom modular homes will arrive within two weeks …
Heraldonline reports from Toronto, Canada that Innovative Composites International, Inc. (ICI), which produces modular housing for remote locations and disaster situations, has appointed Andrew McConnell to the board of directors, replacing Chris Kruba who resigned his position. McConnell is president and CEO of Ayiigwa Corp., which works with First Nation …
MHProNews has learned the Standing Rock Housing Authority of the Standing Rock Sioux Tribe in North Dakota will be accepting bids for multifamily modular housing to be transported and set on foundations at three different locations within the Standing Rock Reservation. The specifications call for (4) four plex and one …
The nationalmortgagenews tells MHProNews in true supply and demand fashion, the apartment vacancy rate fell to 4.5 percent, it’s lowest level in more than a decade, says Apartments.com, while rents rose 3.8 percent from a year earlier. In a survey of over 1,300 renters, the number of previous homeowners who …
