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.
CNNMoney says the S&P CaseShiller home price index (HPI) of 20 major metropolitan markets indicates prices in Nov. were up 5.5 percent over Nov. 2011, the largest monthly increase since Aug. 2006, before the housing balloon deflated. As MHProNews understands, rising prices means fewer homeowners will be underwater on their […]
Underwater Borrowers Beginning to Float? Read More
The Asbury Park Press reports the federal government has sent $780 million in grants and loans to New Jersey for Hurricane Sandy relief. The figure includes over $300 million in housing assistance for 52,000 people and $338 million in loans from the Small Business Administration (SBA) for individuals and businesses.
Manufactured Housing for Hurricane Survivors Read More
A report showing home prices posted their biggest increase in six years was weighed down somewhat by an unexpected drop in consumer confidence. Meanwhile, the Dow and S&P approached new all time highs, currently 14,164 and 1,565, respectively, from Oct. 2007. CNNMoney reports the Dow Jones Industrial Average nudged up
Skyline, Nobility Gain Nicely; Dow, S&P Approach Records Read More
The MHI says the U. S. Court of Appeals for the District of Columbia district ruled the Obama administration did not have the authority to fill three recess appointments to the National Labor Relations Board (NLRB) Jan. 4, 2012. That was the same day President Obama made a recess appointment
Cordray Out the Doorway? Read More
The timesunion reports 40 housing modules are on their way from the Port of Albany, in New York, to St. John’s, Newfoundland, Canada for housing offshore drilling workers. Manufactured by a Champion Homes plant in Sangerfield, NY, the modular homes are destined for Exxon/Mobil’s Hebron Project that seeks to recover
Drilling is Good for Factory-built Read More
StaceyPageOnline says the petition to the Board of Zoning Appeals for a variance by Forest Manor Mobile Home Community in Warsaw, Ind. has been approved. The MHC intends to add 29 homesites. MHProNews has learned there were no objections from neighbors. (Photo credit: gfhomesandland)
According to The Press Enterprise, a Chinese maker of scaffolds for the construction industry is purchasing a former Skyline Corp. RV plant in Hemet Calif., just southeast of LA. Skyline closed the facility in April 2012, eliminating 80 jobs. As MHProNews understands, Elkhart, Ind.-based Skyline maintains a manufactured housing plant
Skyline Facility Changes Hands Read More
TradingCharts reports Cavco Industries, Inc. will release its earnings report for Q3 of fiscal year 2013 Thurs. Jan. 31 after the market closes. Senior officials will discuss the results in a live webcast Fri. Feb. 1 at 11:00 AM eastern time. Listen via Internet: http://www.cavco.com under the Investor Relations link.
Cavco Releasing Financials Read More
According to crainsnewyork, CEO and Chairman of Forest City Ratner Bruce Ratner is relinquishing his role as CEO, and Mary Anne Gilmartin, who became executive vice-president in 2007, will replace him. Although it is not clear why or when, one source said Ratner would clearly continue to be involved with
A Prefab Grows in Brooklyn, p.3, or-Massive MOD Project Changes Head Read More
Investors hung back against the wall of the dance floor despite positive economic and corporate news, cautious about pushing prices higher following four strong weeks of gains, as the three major indexes moved little. CNNMoney reports the Dow Jones Industrial Average dropped -0.10 percent, -14.05 points, to end the day
Positive Economic Indicators Move Sluggish Stocks Little Read More
WoodworkingNetwork reports Okaply Industries, a producer of plywood, vinyl laminated panels, MDF, particleboard and mouldings for the manufactured housing and commercial modular industries, is opening a fully-equipped moulding dept. at its facility in Calgary, Alberta Canada. Based in Opa, Quebec, just north of Montreal, Okaply opened the plant in Calgary
MH Component Maker Expanding Read More
The ridgefieldpatch tells MHProNews from the southwest corner of Conn. the people of Ridgefield have seen a number of affordable housing units in their town recently. Currently before the Planning and Zoning Commission is a proposal for an eleven unit modular housing development. By law affordable housing developers must designate
MOD Comes to Western Conn. Read More
As follow-up to a story MHProNews last published Dec. 7, 2012, centredaily reports from College Township, Penn., since residents at the Hilltop Mobile Home Park received notices the community will close this Feb., city officials are considering whether to adopt an ordinance requiring developers to include a percentage of affordable
On the Table: Affordable Housing Ordinance Read More
According to enidnews, the Metropolitan Area Planning Commission (MAPC) in Enid, Okla. will consider amending the city municipal code to allow temporary workforce dormitories be sited on land now zoned industrial to meet housing needs for oil and gas field workers. Although no developers have requested the change, the city
Temporary Mfg. Housing to be Okay in OK? Read More
Door and Window Market Magazine states a study by the Joint Center for Housing Studies at Harvard University indicates the market for remodeling is being stimulated by foreclosures being revitalized, seniors retrofitting their homes in response to changing needs, and energy conscious homeowners making their homes more sustainable. Homeowners over
Home Improvement another Positive Housing Sign Read More
MHProNews has learned that attendance at the 2013 Louisville Show rose a stunning 1.337% vs. the 2012 totals, according to preliminary numbers released by Michele Middleton of the Show Ways Unlimited. Middleton stressed that filters must be run to gauge the exact tallies in all categories, but that the initial
Louisville Show Success! Initial Report, by the numbers Read More
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
University Goes Modular Read More
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
Modular Homes Rising across from NYC Read More
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
Housing Indicators Shining into 2013 Read More
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
Layoffs only Temporary Read More
