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.
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
The democratherald tells MHProNews the manufactured homes used to display the energy efficiency of a BASF HVAC system at the International Builders Show in Las Vegas were made by Palm Harbor Homes at their Millersburg, Ore. facility. The “BEYOND High Performance” homes are built to achieve a Home Energy Rating
Palm Harbor Homes on Tour Read More
CNNMoney reports the National Association of Realtors says previously-owned homes sold at an annual rate of 4.92 million in Jan., 2013,, a nine percent increase since last year at this time. Home prices climbed 12.3 percent to a median of $173,600, the largest percent gain in eight years. There was
Numbers Keep Improving for Housing Market Read More
While the major indexes continue to be up 3-6% for the year, today weak economic numbers, reports of soft sales at Wal-Mart, and ongoing financial troubles in Europe saw the indexes drift lower in the second straight day of drops in the market. CNNMoney reports the Dow Jones Industrial Average
Major Indexes Slip, Patrick Industries Trips Read More
As modularhomecoach tells MHProNews, in blasting the lack of positive PR for the modular housing industry, the blog says neither the National Association of Home Builders (NAHB) nor the Modular Building Systems Association (MBSA) cares if Baby is left in the corner, but like Johnny says in Dirty Dancing, “nobody
Make Stick the Niche Read More
Etruth reports from Elkhart, Ind. RV and MH component producer Patrick Industries, Inc. announces fourth quarter 2012 net sales of $106.1 producing net income of $3.2 million, versus 2011 Q4 sales of $78.3 million with $1.5 million net income. For 2012 net sales increased $129.6 million over 2011 to $437.4
Patrick Industries Doubles Income over 2011 Read More
The Recorder reports from Greenfield, Mass. an area builder has begun producing DIY modular eco-kits for people who want to build their own energy-efficient homes. Each Noble Home is custom designed to the owners specifications, and the kits include thick plastic foam core wall and ceiling panels, exposed beam truss
Modular Homes for DIY-ers Read More
According to hostmadison, the city of Madison, the state of Wis., and the Federal Emergency Management Agency (FEMA) are partnering to build a storm shelter for the 540 residents of the Highland Manor Mobile Home Park on the southside of Madison. With an $1.18 million FEMA grant, the $1.52 million,
Partnership Building MHC Storm Shelter Read More
The National Association of Home Builders (NAHB) tells MHProNews while the number of permits issued for new housing starts rose 1.8 percent in Jan. to a seasonally-adjusted annual rate (SAAR) of 925,000—the best rate since the middle of 2008—the number of overall actual housing starts nationwide dropped 8.5 percent to
Single-family Starts Steady; Multi-family Starts Drop Read More
The battlecreekenquirer reports a group of residents from the Triangle Mobile Home Park in Emmett Township, Mich., which has not had a valid license since new owners assumed control in 2010, took their complaints about the community’s conditions to a meeting of the Michigan Manufactured Housing Commission. However, because complaints
MHC Residents Upset over Conditions Read More
With all three major indexes up six to eight percent for the year, investors took a step back, digesting mixed housing market news, as all three indexes fell. CNNMoney reports the Dow Jones Industrial Average moved down -0.77 percent, -108.13 points, to end the day at 13,927.54. The Nasdaq dropped
Mfg. Housing Composite, Patrick, Drew, and LPX all Drop Read More
RVBusiness informs MHProNews the RV/MH Heritage Foundation in Elkhart, Ind. has announced the names of those to be inducted into the Class of 2013 RV/MH Hall of Fame. In addition to five inductees from the RV sector, which includes Lawrence Lippert, founder of Lippert Components, Inc., now a subsidiary of
Hall of Fame Names Inductees Read More
Updating a story we ran Feb. 18, 2013 concerning Ridgefield Modular Home Corp.’s application to build a modular housing complex comprised of six units in two buildings in Ridgefield, Conn., according to ridgefieldpatch the Inland Wetlands Board (IWB) intends to deny the application based on insufficient information about drainage and
Modular Project Headed for the Drain Read More
DailyMarkets says Drew Industries, Inc. (NYSE:DW) reports net sales for the fourth quarter ending Dec. 31, 2012 totaled $200 million, 25 percent higher than Q4 2011. Net income for the period grew 39 percent over last year’s comparable period, from $4.1 million to $5.7 million, although an executive succession after-tax
Drew’s Financials Show Growth Read More
MSN Real Estate is running a video of the late veteran newscaster Walter Cronkite doing his regular half hour news show in 1967, predicting the rise of home offices in the 21st century. Although several of his devices are larger than what we actually use today, he accurately predicted video
And Now for Something Different… Read More
KWCH-TV 12 reports from Anthony, Kan., housing is in such short supply due to the demand for housing from oil field workers tapping into the Mississippi Limestone formation, the Anthony City Commissioners have approved a special use permit to allow six modular units to be sited in the southeast corner
Modular Housing Set for Kansas Read More
The Manufactured Housing Institute (MHI) informs MHProNews Sen. Jerry Moran (R-Kan.) introduced legislation to replace the Consumer Financial Protection Bureau (CFPB) director with a five-member commission, and make it accountable to the same appropriations as most other federal agencies. House Financial Services Committee Chairman Jen Hensarling (R-TX) indicated that the
Rep. Senators want to Alter CFPB Read More
Jay Hamilton of the Georgia Manufactured Housing Association (GMHA) informs MHProNews his office has moved to an early 1900’s railroad depot in the downtown Historic District of Forsyth, Georgia. The Southern Railway and Central of Georgia Railway traveled through Forsyth between Macon and Atlanta. GMHA’s new contact information is 199
GMHA Moves to Historic Building Read More
The possible merger of Office Max and Office Depot gave investors something to smile about as the Dow and S&P rose to new five-year highs. CNNMoney reports the Dow Jones Industrial Average moved up +0.39 percent, +53.91 points, to end the day at 14,035.67. The Nasdaq gained +0.68 percent, +21.57
Housing Composite Spikes, all Three Major Indexes Rise Read More
Federal Housing Administration (FHA) Commissioner Carol Galante, telling the House Financial Services Committee her agency will not likely need Treasury assistance this year, says the FHA has raised its insurance premiums five times since 2009, is raising them again April 1, and is issuing new regulations to reduce losses. The
FHA Bail-Out? 50-50 Odds Read More
