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.
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, …
Positive corporate earnings reports inspired investors as the Dow and the S&P rose to their highest levels since Dec. 2007. CNNMoney reports the Dow Jones Industrial Average gained +0.46%, 62.43 points, to end the day at 13,712.13. The Nasdaq moved up +0.27%, +8.47, to close at 3,143.18, while the S&P …
Skyline Spikes, Patrick Sputters, Dow and S&P Hit 5-year High Read More
The magnoliareporter informs MHProNews from Arkansas the Magnolia Planning Commission placed a temporary moratorium on the siting of manufactured housing in the town, following a survey in which approximately two-thirds of the respondents favor more regulation of manufactured homes. One third of those surveyed say the government has no business …
The Star-Telegram reports from Fort Worth, Texas Stramit USA utilizes wheat straw to make modular man camps for the burgeoning oil boom towns. By treating and compressing the wheat fiber, boards are made for construction and insulation. Tim Evans of Stramit compares it to fiberglass and foam. “Wheat straw and …
A source at the Louisville Manufactured Housing Show has told MHProNews that: “There is a real hunger out there for business building seminars and information.” Along with 39 new models—including community series homes—and 80 exhibitors, the networking, dealmaking, and education have all blended together to create an unbeatable event to …
SFGate reports modular builder Greenfab of Seattle will have two fully-constructed modular homes on display at the National Association of Home Builders’ (NAHB) International Builder’s Show (IBS) in Las Vegas Jan. 22-24. The builder of the first modular LEED Platinum home in the state of Washington last year, Greenfab is …
The U.S. stock markets are closed today in honor of Dr. Martin Luther King’s birthday. The New York Stock Exchange will reopen tomorrow at 9 AM for a regular day of trading. (Image credit: Wikipedia)
CNNMoney informs MHProNews that first-time jobless claims fell to 335,000 for the week ending Jan. 12, falling to a near five-year low, and 37,000 less than the previous week, according to the Labor Dept. While economists had expected a reading of 370,000, they say it is a good sign but …
