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.
WishawPress reports from northern Scotland in Great Britain, the Motherwell police station has officially opened 12 modular cells to help with the management of prisoners. Strathclyde Chief Constable Stephen House, newly-appointed head of the Police Service of Scotland, says “Modular cell buildings are a new approach to prisoner and staff …
Neweraprogress reports Amherst County High School students will build a Habitat for Humanity modular house at the school in Amherst, Virginia and site it in Madison Heights, just outside Lynchburg. Funded by grants, the more experienced students will instruct the newer ones in producing the two modules under the watchful …
Matthew Iglesias, writing in Slate magazine, notes that durable goods—appliances, furniture, vehicles, airplanes— are primarily mass-produced in factories because that is the most cost-effective way to produce the least expensive product for the consumer, and the highest wage for the worker. Some of these products occupy space in homes, which …
MHProNews reports that Mitt Romney grabbed momentum and took it to the incumbent president on a range of issues, including: Dodd-Frank, ObamaCare, Medicare, increasing domestic energy production, reforming taxes, education and of course creating jobs. Romney twice cited that the National Federation of Independent Businesses (NFIB) said that Obama’s policies …
Mortgage applications, growth in the U.S. service sector and private sector payrolls helped to boost the stock market today, but concerns about growth in Europe and Asia trumped the positive, leading to modest gains for the three major indexes. CNNMoney reports the Dow Jones Industrial Average advanced +0.09 percent, +12.25 …
Deer Valley, Cavco, Patrick and Drew Register Nice Gains Read More
PRNewswire tells MHProNews Green Courte Partners, LLC announces the appointment of Thru A. Shivakumar as Vice President, Acquisitions. While Ms. Shivakumar’s background is with parking facilities, and her focus will remain in that sector, her experience includes asset and portfolio management. Chicago-based Green Courte is a private-equity real estate investment …
WALB-TV reports White Plains, NY-based Drew Industries, Inc. (NYSE:DW) will ring the closing bell at the New York Stock Exchange on Fri., Oct. 5 in honor of Drew’s 50th anniversary as a publicly traded company. Drew’s initial public offering in 1962 denotes its involvement in real estate financing, management and …
The Manufactured Housing Association for Regulatory Reform tells MHProNews the U.S. Department of Housing and Urban Affairs (HUD) has released figures indicating August becomes the thirteenth consecutive month of growth for the production of manufactured homes. Statistics indicate HUD Code manufacturers produced 5,580 homes in Aug., an increase of 7.5 …
Encouraged by a variety of signs, fourteen economists surveyed by CNNMoney believe the housing market has finally turned the corner on its way back to health. Only three months ago half of those surveyed did not believe the turnaround would come until next year, or later. The economists cite three …
HousingWire reports CoreLogic says in its Pending Home Price Index home prices in August rose 4.6 percent over a year ago, the biggest increase year-over-year since July 2006, but only 0.3 percent over July, 2012. When distressed sales are excluded, August home prices rose 4.9 percent over a year ago. …
WVPubCast tells MHProNews two new modular homes now dot Route 52 just outside Welch, West Virginia in the southwestern corner of the state. Penni Padgett, Housing Director of the Council of the Southern Mountains, notes it is a milestone. “It is a small start but it is a start,” she …
Spain’s banking woes sent a chill through investors who remained cautious, staying against the wall with their hands in their pockets, as all three indexes moved less than a quarter of a point in either direction. CNNMoney reports the Dow Jones Industrial Average dropped -0.24 percent, -32.75 points, to close …
Nobility Spikes, Patrick Drops, Housing Composite Gains Read More
EarthTechling informs us the Solar Decathalon Europe competition was won by a French team’s modular, stackable solar home that produces enough energy to earn the net zero ranking—-and charge the family’s electric car. Utilizing a nano tower design, the Canopea can be stacked vertically for high density sustainable housing, and …
A Czech designed energy-efficient modular home, the Freedomky, features a heat recovery ventilator and air-to-air heat pump as well as photovoltaics and solar thermal hot water. As OregonLive tells MHProNews, this “tiny house movement” home is available in 248 and 409 square feet, and can be assembled in five hours. …
BizJournals reports from Seattle, Washington nonprofit developer Common Ground is considering several options to increase affordable housing in the state, according to a study the organization released. It costs $200,000 to develop a new rental housing unit in Washington, twice the national average, and the state is restrictive about what …
Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (UMH) announced the board of directors declared a quarterly dividend of $0.18 per share on the company’s common stock payable Dec. 17, 2012 to shareholders as of Nov. 15, 2012. Additionally, on the company’s 8.25% Series A Preferred Stock, …
Widespread environmental management problems at 73 manufactured home communities led to the imposition of a $1,339,000 penalty for violating state and federal clean water and waste treatment statutes. All the communities are connected to Frank Perano of Lehigh Valley, Pennsylvania, who has signed a consent decree to pay, pending court …
IndyStar reports the sale of existing homes in the greater Indianapolis metropolitan area rose 12.3 percent in August over August, 2011, according to the Metropolitan Indianapolis Board of Realtors, although the sales pace was slower than the period of April through July. August 2012 sales totaled 2,593 versus 2,308 last …
U.S. stocks rallied today on better-than-expected manufacturing news, but fell back after Federal Reserve Chairman Ben Bernanke defended the Fed’s latest stimulus action and suggested it was time for Congress to act. CNNMoney reports the Dow Jones Industrial Average gained +77.98 points, +.58 percent, to close at 13,515.11, while the …
Research firm Capital Economics tells HousingWire investors seeking to cash in on single-family rental properties best move quickly. Economist Paul Diggle with Capital says early buyers found prices 30 percent below peak, with potential yields of 8-12 percent. Noting it is likely a one-time opportunity, Diggle says as house prices …
