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.
As we have reported in numerous stories over the past two years, housing continues to be in short supply in western North Dakota where the Bakken oil formation has drawn thousands of workers, many of them oilfield workers living in modular man camps. As originationnews tells MHProNews, community banks in […]
Western ND Housing Shortage: Another Consequence Read More
Following up on a story we posted Nov. 22, 2012 about Sun Communities, Inc.’s acquisition of four MHCs from Rudgate in southeastern Michigan for $71.1 million, and its assumption of managerial responsibility for two additional communities, MHProNews has learned Rudgate shows ownership of six MHCs on its website. It could
Sun Buying out Rudgate? Read More
MarketWatch informs MHProNews White Plains, New York-based Drew Industries announced it has declared a special cash dividend of $2.00 per share common stock payable on Dec. 20, 2012 to shareholders of record as of Dec. 10, 2012. Drew’s president and CEO Fred Zinn says, “This special dividend reflects the board’s
Drew Declares Special Dividend Read More
As we reported here Fri. Nov. 23, the Stephen Siller Tunnel to Tower Foundation is purchasing up to 30 modular homes to be sited on land owned by Faith Church in New Milford, Connecticut to house refugees of Hurricane Sandy from Staten Island (SI) because of the foundation’s ties to
Islanders not Interested in Connecticut, says Official Read More
U.S. stocks closed mixed today as investors watched reports from the beginning of the holiday buying season amid concerns abut the fiscal cliff and the Eurozone debt crisis. CNNMoney reports the Dow Jones Industrial Average slipped -0.33 percent, -42.31 points, ending the day at just under the 13k mark at
Drew Gains, Patrick Stumbles, most Housing Stocks Move Little Read More
Under a program to combat poverty and hunger in rural areas, AllAfrica reports the provincial governor of Kwanza Sul, Eusebio de Brito Teixeirain, of Angola, has dedicated the first 12 of 50 modular homes to impoverished residents of Kassongue district. Beneficiaries of the new homes were identified with the help
Modular Homes Housing the most Vulnerable Read More
GooseCreekPatch reports from Berkeley County, South Carolina just north of Charleston, the Berkeley County Commission will hear a request to rezone property from Planned Development Mixed Use to R-2, Manufactured Residential District. The property is in Summerville, SC. As MHProNews knows, South Carolina has one of the highest percentages of
New MH Development Proposed Read More
According to myfoxpointnow, Milwaukee, Wis.-based MHC owner Asset Development Group’s value was assessed nearly seven times more in 2008 and 2009 than in the following two years due to failure to file a statement of personal property for the earlier years. While the firm has paid its taxes for 2010
Outstanding Tax Bill at Issue Read More
A group of ten residents of Westview Village Mobile Home Park in Kelowna, British Columbia, Canada, frustrated that management was not enforcing maintenance rules on some of the properties, attempted to form a neighborhood association. Kelownacapnews informs MHProNews a group calling itself Westview Village Concerned Homeowners sent a letter to
MH Homeowners Denied Right to Form Association Read More
According to the California Association of Realtors (CAR), the pending home sales index in Calif. rose 4.3 percent, to 120.2 last month, compared to 115.2 in Sept. 2012, while pending home sales are up 3.6 percent over the 116.1 index of last year, the first time in seven months both
Pending Sales Rise in Calif. Read More
HousingWire tells MHProNews mortgage applications fell 2.2 percent for the week ending Nov. 16, according to the Mortgage Bankers Association (MBA). Meanwhile, the refinance index dropped three percent from the previous week as refinancing activity comprised 81 percent of all loan applications, the same number as the previous week. The
The three major indexes all finished above one percent for the shortened trading day, spurred on by investors’ anticipation of Black Friday consumer sales, drove the Dow back above thirteen thousand. CNNMoney reports the Dow Jones Industrial Average gained +1.35 percent, +172.79 points, ending the day at 13,009. 68.The Nasdaq
Dow Back Above 13k; Housing Stocks Mostly Move Little Read More
After Spring 2011 flooding forced 1,000 Lake St Martin First Nation residents from their homes in central Manitoba, Canada, the provincial government set up 60 furnished modular homes on a former radar base near Gypsumville. According to WinnipegFreePress, nine months later only 13 families have taken up the offer, others
Snakes Alive! Modular Homes Sitting Empty Read More
A Connecticut foundation with roots in Staten Island (SI) is offering 20-30 fully furnished modular homes to SI residents displaced by Hurricane Sandy sited on four acres of land the Faith Church owns in New Milford, Conn. Frank Siller, of the Stephen Siller Tunnel to Tower Foundation, John Hodge, director
Foundation Offers Homes to Islanders Read More
Gizmag tells us a Spanish partnership of CSO Arquitectura and prefab home builder Torsan has developed a modular home that can be move-in ready three weeks afer it is ordered. It takes a week to produce the detailed drawings, the frame and paneling are completed over three days, and a
Three Week Move-in After Order? Read More
As follow up to an article we posted June 19, 2012 about Broad Sustainable Building Corp. constructing the world’s largest skyscraper in 90 days from modular units, the project is about to get underway. TIME says the 2,749-foot, 220-story tower in China’s Hunan Province will contain apartments for 30,000, a
World’s Tallest Building will be Modular Read More
The U. S. stock markets are closed today in honor of Thanksgiving Day. (Photo credit: Wikipedia)
Stock Market Closed Today Read More
TheAlmaTimes tells MHProNews the former Fleetwood manufactured home plant in Alma, Georgia that began production in 1993 and closed July 2009 as the result of bankruptcy will reopen as a modular commercial manufacturing facility. Titan Modular Systems plans to hire 100 workers. (Photo credit: TheAlmaTimes)
Former MH Plant to Reopen as Modular Facility Read More
The staff at Manufactured Home Marketing Sales Management wish you and yours a Blessed Thanksgiving. (Photo credit: Fotosearch)
Happy Thanksgiving!!!! Read More
As we reported Oct. 9, 2012, Southfield, Mich.-based Sun Communities, Inc. (SUI) announced it was purchasing four manufactured home communities in eastern Mich., with 1,996 homesites for $70.8 million, and providing mezzanine financing for two other MHCs that it will manage, with 1,598 homesites, all being acquired from entities of
Sun Clinches Deal, Builds Portfolio Read More
