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.
From Freehold, NJ, gmnews reports Gene Landy and Sam Landy and UMH Properties, Inc., have been honored by the Monmouth (NJ) Council, Boy Scouts of America, for their leadership and philanthropy in support of the scout movement. Council President Kurt Kalafsky said, “This recognition reflects Gene and Sam’s dedication to […]
Landys, UMH Feted for BSA Service Read More
Under Massachusetts law, MHC residents have the opportunity to match an offer by a third party to buy their community once it is offered for sale. Wheel Estates’ owner Morgan Management has a signed purchase agreement from Real Estate Seekers LLC for $2.73 million for the North Adams, MA community
Residents want to Buy their Community Read More
The National Association of Home Builders (NAHB) informs MHProNews, according to figures released by HUD and the U. S. Census Bureau, sales of single-family, newly-built homes increased 15.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 437,000 units. Every region experienced solid gains in new home sales—27.6 percent
New Home Sales Rise in Jan. Read More
Recordonline informs MHProNews owners of pre HUD Code homes in Fallsburg, NY, just south of the Catskill Mountains may have their homes replaced with new, energy efficient manufactured homes. Under a state grant, up to ten aging manufactured homes will be replaced, providing the applicant owns the home and the
State will pay for New Mfg. Homes Read More
An addition to the list of companies converting shipping containers into modular homes is Danish architectural firm Arcgency, which allows buyers to customize their homes as to size, layout, design, and interior. Gizmag tells MHProNews the shipping containers are stacked two-high with a sloped roof to catch the sun for
Another Shipping-Container-to-Modular-Home Story Read More
Positive economic data and Fed Chairman Ben Bernanke’s words to Congress indicating the bond-buying program of the Fed will continue helped stocks regain some of their losses yesterday. CNNMoney reports the Dow Jones Industrial Average regained +0.84 percent of the 1.55% lost yesterday, +115.96 points, to end the day at
Stocks Regain Some Lost Ground from Yesterday Read More
In the 77th Oregon Legislative Assembly, the Senate is considering a measure that would punish unscrupulous “manufactured structure” dealers by revoking their license for up to five years, which includes all factory-built residential and commercial buildings. It would put the industry on the same legal footing as building contractors. As
Measure would Punish those Dastardly Few Read More
If you wanted to exhibit at the Tunica Manufactured Housing Show the end of March, it’s too late, says Dennis Hill of Showways. The 80+ manufacturer displays and 101 service and supplier booths have been taken, and registration to attend is already up 135 attendees over the same time in
Tunica Show Registrations Roar ahead for Sale Event in 2013 Read More
After a run-up at the beginning of the day, investors took a break and engaged in a late-day sell off as concerns mounted over possible political instability in Italy, although some analysts suggested the three major indexes needed a cooling off period after running at records. In the end, the
Nobility Runs Up; Indexes, other Housing Stocks Run Down Read More
Don Glisson, Jr. has stepped down as Chairman of the Manufactured Housing Institute (MHI) for personal reasons. Nathan Smith, who was previously elected vice-chairman, has now assumed the role of chairman. A motion was passed thanking Don Glisson Jr. for his service, who as president of Triad Financial Services will
Nathan Smith takes over as MHI Chairman, as Don Glisson, Jr. steps down Read More
MHProNews has been informed Gay A. Westbrook has been chosen to promote the Manufactured Housing Institute’s (MHI) legislative and political agenda as Vice-President of Political and Public Affairs. With over two decades experience developing policy initiatives, grassroots support, and fundraising, she will also coordinate efforts at the state association level
Gay A. Westbrook, New Face at MHI Read More
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), in the final quarter of 2012 74.9 percent of all homes sold in the U. S. were affordable to households making the U. S. median income of $65,000, up from 74.1 percent in the previous quarter.
Home Affordability Remains Steady Read More
The RV/MH Hall of Fame Museum in Elkhart, Ind. still has until April 30 to reach the $150,000 contribution mark to meet the Robert “Boots” Ingram family’s challenge grant that would pay off the Hall’s bank note to 1st Source Bank. Contributions so far are just under $50,000, leaving about
Museum Whittling away at Debt Read More
C. Jay Hamilton, Executive Director of the Georgia Manufactured Housing Association (GMHA) informs us of the death of Paul Wilson, 66, of Thomson, Georgia, a longtime member of the GMHA. Paul began in the MH industry at the age of 16, working in sales with Ken Varney, Rob Douglas, and
Passages: Paul Wilson Read More
The marshfieldnewsherald informs MHProNews a woman at the 37-site Birch Tree Estates MHC in Plover, Wis. brought domesticated rats home from pet stores, and over time they bred with wild rats and soon the rodents numbered in the hundreds. The woman has been evicted, and motion sensors in the house
Rats Overrun Manufactured Home Read More
SmartPlanet tells MHProNews two Argentinian architects have developed a foldable disaster relief modular structure that can be carried seven to a flatbed truck and unfolded and ready to use in 30 minutes. Made of insulated thermal panels, much like a grocery store’s cold storage room, the units can be connected
Foldable Modular for Catastrophes Read More
Better than expected corporate returns from Hewlett-Packard and insurance giant AIG helped boost U.S. stocks, adding nearly one percent to the three major indexes. CNNMoney reports the Dow Jones Industrial Average gained 0.86 percent, +119.95 points, to finish at 14,000.57. The Nasdaq advanced +0.97 percent, +30.33 points, to close at
Patrick, LPX Notch Gains, as do the Three Indexes Read More
Responding to an article in newschief concerning the push by manufactured housing community (MHC) residents in Fla. to limit rent hikes, the writer argues that homeowners should gain from the equity they put into their homes when they try to sell it. Currently, when a home changes hands the site
MHC Residents Seek Rent Fairness Read More
As MHProNews has reported in the Daily Business News for several years now, the oil boom in western North Dakota’s Bakken Region has brought an influx of factory-built housing to the area, including modular man camps, manufactured and modular homes, even some Federal Emergency Management Agency trailers to house employees
Housing Shortage has Unintended Consequences Read More
Not long ago Florida had one of the highest foreclosure rates in the country. As HousingWire informs MHProNews, in Jan. closed sales of existing single-family homes rose 11.7 percent over last Jan. to 13,679, while pending home sales for existing single-family homes jumped 31 percent versus last year. The median
Sunshine State getting Sunnier Read More
