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.
The housing shortage in New York City for this winter is so acute public officials are considering FEMA (Federal Emergency Management Agency) trailers and manufactured housing in areas outside the city where there is room to site them. Other options include area hospitals with empty beds, even state-run mental hospitals. […]
FEMA Trailers in NYC. Can it Be? Read More
Jay Hesse of Blue Ox has donated $5,000 to the RV/MH Hall of Fame Museum in Elkhart, Ind., and has set up a “peer challenge” program to encourage other RV/MH industry donations to pay off the bank note by April 30, 2013. Anyone donating $1,000 or more would challenge three
Peer Challenge will Benefit RV/MH Museum Read More
MHProNews has learned Vela Building Systems (VBS) of South Africa is spreading its modular housing operations and community infrastructure building into other countries in Southern Africa, like Mozambique, where the growth rate is seven percent annually, and Namibia. Anticipated to be the second fastest growing region in the world over
Modular Growing in Mozambique Read More
BusinessWire informs MHProNews JPMorgan Chase Bank, N.A. is purchasing MetLife Bank, N.A.’s approximately $70 billion mortgage servicing portfolio as MetLife continues to divest itself of its bank holding company structure, a move it began in 2011 when it decided to no longer sell residential mortgages. MetLife Bank President Jim Rose
MetLife Selling Mortgage Servicing Portfolio Read More
U.S. stocks nudged slightly higher the day before the toss-up presidential election, as CNNMoney reports the Dow Jones Industrial Average moved up +0.15 percent, gaining 19.28 points, to close at 13,112.44. The Nasdaq advanced +0.59 percent, +17.53 points to close at 2,999.66, while the S&P moved up +0.22 percent, +3.06
Patrick, UFPI, and Cavco Advance Read More
The CalgaryHerald tells MHProNews the provincial government of Alberta, Canada has taken the first step towards making warranty coverage for new homes in the province mandatory, a move that could add up to $2,000 to the price. The New Home Buyer Protection Act would cover manufactured and modular homes, single-family
Mandatory Warranty for New Homes Read More
In their “Thumbs Up Thumbs Down” column the poconorecord reports from Monroe County, Pennsylvania Liberty Homes received a thumbs up for its assistance in building 18 homes locally for the Monroe County Habitat for Humanity chapter. Located in nearby Pocono Lake, Penna., just south of Scranton, Liberty received the honor
Liberty Homes Honored Read More
Sherman Price and his brother, the late Leon Price, Sr., were honored for outstanding service and dedication to the state’s factory built housing industry, and inducted into the Arkansas Manufactured Housing Association (AMHA)’s “Hall of Fame.”Sherman Price was surprised by the recognition, the association’s highest honor, given at the AMHA
AMHA Inducts Hall-of-Famers Read More
As the result of damage inflicted by Hurricane Sandy, President Obama issued a disaster declaration for specific counties in Connecticut, New Jersey and New York, as well as the Mashantucket Pequot Indian Reservation in Connecticut. The Department of Housing and Urban Development (HUD) is offering disaster victims whose homes were
HUD Offers Help to Storm Victims Read More
In the wake of Hurricane Sandy, the Manufactured Housing Institute (MHI) reminds community owners and managers of the importance of having a preparedness plan in place for residents in case of an impending hurricane or sudden tornado. If a community has multiple exits, who should use which exit, and what
Disaster Planning Vital to Community Read More
After 13 months of consecutive growth, the manufactured housing industry produced fewer homes in Sept. 2012 than the previous Sept., according to the Manufactured Housing Association for Regulatory Reform (MHARR). Data compiled for the Dept. of Housing and Urban Development (HUD) indicates HUD Code homes produced this past Sept. numbered
MH Production Falls in Sept. Read More
Investors pushed the Dow Jones higher at the beginning of the day after the good jobs report from the federal government, but dropped as the anticipation and uncertainty of next week’s election came into view. CNNMoney reports the Dow Jones Industrial Average lost -.01 percent of the gain from yesterday,
Cavco, Patrick, Skyline, Deer Valley lose 4% or more Read More
Based in Santa Monica, Calif., Living Homes has introduced three low-cost modular homes ranging in size from 1,300 to 2,200 square feet, priced from $200,000 to $320,000. JetsonGreen informs MHProNews Cavco Industries, Inc. is building the homes with strict environmental concerns that follow a LEED Platinum level program—-cork floor, energy-efficient
Energy-Efficient Modern Modular by Cavco Read More
TheWesterlySun reports the town of Richmond, Connecticut is providing extra services to the seniors of Hillsdale Mobile Home Park who are without electricity as the result of Hurricane Sandy. The town’s emergency management director has been delivering meals to the residents, and Verizon has re-established phone service. As MHProNews has
Senior MHC without Power Read More
MHProNews has learned from Investors D.R. Horton, Inc. (NYSE:DHI), has received lending commitments from five additional banks that will provide an unsecured line of revolving credit of $600 million, which could be extended to one billion given certain conditions and the availability of additional funds. Horton is the nation’s largest
Homebuilder Builds Credit Read More
In its report of fiscal 2013 second quarter financial results, Phoenix-based Cavco Industries , Inc. (Nasdaq: CVCO), reports net sales fell 15.3 percent, to $110,084,000 from the comparable period of 2012 when sales hit $130,008,000. GlobeNewsWire says net income for Q2 2013 dropped to $2,681,000 from $3,172,000 for the same
Cavco Releases Financial Results Read More
Manufactured housing has become an important issue in a second house of representatives district in Delaware. The first pits challenger Beth McGinn against incumbent Briggs King for Seat 37 is south Delaware, as we last reported Oct. 17,2012. DelawareNewsZap tells MHProNews Democrat Theodore Yacucci is running to represent District 34
MHC Looms Large in House Race, II Read More
President Obama signed disaster declarations for 13 states and the District of Columbia in the wake of Hurricane Sandy, according to nationalmortagenews. Fannie Mae and Freddie Mac are offering forbearance on loans to borrowers affected by Hurricane Sandy, and Freddie says its servicers can suspend eviction and foreclosure proceedings for
Mortgage Relief for Victims of Hurricane Sandy Read More
Payroll processor ADP says 158,000 jobs were created last month as initial jobless claims fell by 9,000, spurring the market to rally for the first day of Nov. as all three indexes rose above one percent, according to CNNMoney. The Dow Jones Industrial Average moved up +1.04 percent, +136.16 points,
Deer Valley, AMG, Cavco Join Market Rally Read More
RVBusiness reports with 21 manufactured home communities and 35 recreational vehicle resorts along Hurricane Sandy’s path, Equity LifeStyle Properties Inc. (ELS) experienced minimal damage, and no one among staff or residents was known to have been injured. Preliminary reports indicate property damage amounting to under $500,000 was sustained, mostly for
ELS Sustains Minor Sandy Damage Read More
