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.
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
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
