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.
Dispelling the notion in South Korea that modular construction is seen as cheap or unsafe, the Dong-A Ilbo informs MHProNews a dormitory for foreign workers of Posco Steel, comprised of 18 modules, called MUTO, has steel-framed reinforced concrete construction. After the infrastructure was readied, the modules were assembled in three […]
S. Korea Considering Modular Homes Read More
American Banker informs MHProNews eight additional state attorneys general have requested to join a lawsuit originally filed by a Texas community bank and two conservative organizations challenging the constitutionality of the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB). The suit focuses on the Orderly Liquidation Authority in Title
AGs from Eight States Join Suit Read More
SeekingAlpha tells MHProNews MHC owner Sun Communities, Inc. ranks number five of the REITS (real estate investment trusts)in the tax advantaged and high yield sector with a 5.56% annual yield. The Dow Jones REIT Index peaked at 356 in 2007, dropped to 86 two years later, and came back to
The elkodaily reports from the northeastern part of Nevada, some years ago about 1,100 homes were given the wrong addresses, 75% of those in manufactured housing communities. Either the numbers are out of sequence or they are on the wrong side of the street in Elko, defying digital map-based software
MHC Addresses Inaccurate Read More
All U.S. stock markets will be closed today, Mon., Feb. 18 in honor of Presidents Day. Markets will re-open tomorrow, Tue., Feb. 19 at 9 AM. (Photo credit: Wikipedia)
Stock Markets Closed Read More
As follow-up to a story we posted Jan, 28, 2013 concerning an eleven-unit modular multi-housing project in Ridgefield, Conn., theridgefieldpress informs MHProNews the encroachment on existing wetlands may spell doom for the planned development. After neighbors raised objections to the project at subsequent public hearings, Ridgefield Modular Home Corp.’s application
MOD Development Likely to be Denied Read More
KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to
Key West Property Transforms into MHC Read More
PRWeb informs MHProNews M SPACE has begun leasing studio, one and two bedroom modular homes in the Bakken oil field area in western North Dakota. The 114 Ponderosa and 46 Ridgeview furnished homes began welcoming new residents in January in this oil boom town where some people earning $100,000 annually
More Modular Housing Opens in North Dakota Read More
Although consumer sentiment from the University of Michigan’s survey came in higher than expected, and 65 percent of the companies in the S&P 500 beat analysts’ corporate earnings expectations, investors shied away from stocks today. CNNMoney reports the Dow Jones Industrial Average edged up +0.06 percent, +8.37 points, to end
Mfg. Housing Composite, LPX Gain Read More
Following President Barack Obama’s State of the Union address, Rick Judson, chairman of the National Association of Home Builders (NAHB), issued the following statement: “Extremely tight mortgage credit conditions are hampering the housing recovery and hurting job growth. The nation’s home builders were very pleased to hear President Obama acknowledge
NAHB Responds to President Obama’s Speech Read More
Following up on a story MHProNews posted Jan. 22, 2013 in which the Magnolia (Ark.) Planning Commission placed a temporary moratorium on the siting of MH in the town, the commission has scheduled a meeting to continue discussion for Monday, Feb. 18 in the City Council Chambers. A survey of
MH Siting Discussion Continues Read More
With scattered talk off and on about the possibility of their MHC being sold or closed, the 200 residents of Easton Mobile Home Park in Easton, Mass., long at odds with owner Morgan Management, LLC, have now definitely learned Easton is for sale, according to wicked local. Following Morgan’s acquisition
After Much Speculation, MHC will go on the Block Read More
The saugertiesx informs MHProNews from east central New York state the town of Saugerties has revised its comprehensive housing plan to exclude affordable housing, including manufactured housing. A public hearing in Nov. 2012 made it clear the town folk prefer single-family housing to rentals and subsidized housing. Initially, wording for
Comprehensive Housing Plan Excludes MH Read More
MHProNews has learned from the Texas Manufactured Housing Association (TMHA) of the four measures in the hopper of the Texas Legislature that could affect the factory-built housing industry. HB 578 would establish state regulatory authority over modular housing, a bill TMHA supports because of the losses modular producers have suffered
Measures before the Texas Legislature Read More
MountainExpress informs MHProNews the U. S Environmental Protection Agency (EPA) is urging communities to apply for EPA’s Smart Growth Implementation Assistance (SGIA) program that will explore innovative strategies in four categories to develop healthier and more sustainable places to live, work and play. The goal is to develop solutions to
EPA Grants to include HUD and MOD Read More
News that a third consecutive quarter of declining growth in the Eurozone at the end of 2012 trumped the U.S. news that first-time unemployment filings fell, along with the two big mergers, leaving the three major indexes to move little. CNNMoney reports the Dow Jones Industrial Average slipped -0.07 percent,
Negative Growth report from the Eurozone Bums U.S. Stocks Read More
RedLakeNationNews informs MHProNews the first modular housing development in Portland, Ore. opened move-in ready to fanfare Wed., Feb. 13. Commissioner Nick Fish greeted those gathered at the opening ceremony of Kah San Chako Haws (East House in Chinook), a LEED Gold-certified energy-efficient modular apartment complex. Since Native Americans living in
Modular Housing for Native Americans Read More
As PRWeb informs MHProNews, according to market research firm Global Industry Analysts, Inc. (GIA), shipments of prefabricated homes are expected to reach 112,000 units by 2018 in the U.S. as the resurgence in housing and construction activity increases. The study covers manufactured, modular, panelized, and precut housing, but the manufactured
Research Proclaims MH Rising Read More
MHProNews has learned from BusinessWire, Universal Forest Products, Inc. (UFPI), component supplier to the manufactured housing industry, posted net sales for 2012 of $2.1 billion, 12.8 percent better than 2011. Net income for 2012 of $23.9 million more than quintupled the $4.5 million net in 2011. While net sales for
UFPI Income Quintuples over Prior Year Read More
In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society
Sam Zell on the Housing Market: It’s Going to be a While Read More
