Manufactured and Modular Housing News

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.

Bill Could Impede MHC Owners’ Net

A bill in the Delaware Senate’s Small Business Committee would require MHC owners to justify rents that change more than the cost-of-living, with a decision rendered by the Governor’s Advisory Council on Manufactured Housing. Residents of Aspen Meadows MHC, many of them seniors, took 150 signatures in support of Senate …

Bill Could Impede MHC Owners’ Net Read More

Drew Drew a Good Hand in Q1

In its report of earnings for first quarter 2012, Drew Industries, Inc.’s manufactured housing division registered $3.1 million operating profit on sales of $28 million first quarter 2012, versus profit of $2.2 million on sales of $23 million for the same period 2011. The company marked an MH sales increase …

Drew Drew a Good Hand in Q1 Read More

Vacant Homes Sales Price Hitting Bottom?

OriginationNews says, according to the Census Bureau, the inventory of vacant homes for sale in Q1 2012 dropped to 1.65, 18 percent lower than one year ago. The number of vacant homes for sale was last below 1.6 million six years ago. MHProNews.com has learned from Census Bureau data the …

Vacant Homes Sales Price Hitting Bottom? Read More

Real Estate Services Provider Marks Q1 Gains

Zillow, Inc., the free online real estate site offering home listings, mortgage rates, and views of homes sold, notched total revenue of $22.8 million in first quarter 2012, 103% over the corresponding quarter a year ago. MarketWatch tells MHProNews.com this is the sixth consecutive quarter revenue growth quarter over quarter …

Real Estate Services Provider Marks Q1 Gains Read More

Big Box Discounter Offering Mortgages

Discount merchandiser Costco is entering the mortgage and student loan business, OriginationNews tells MHProNews.com. Already into financial services with marine and recreational loans, credit cards, health and auto insurance, and investing services, Costco has partnered with New Jersey-based First Choice Bank and ten other lenders to offer full-service home loans. …

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Dow Down, Patrick Rises, Skyline Falls

Mostly positive corporate earnings reports were tempered by weak job growth data to keep investors wary, as CNNMoney reports the Dow Jones Industrial Average edged down -0.08 percent, losing -11.12 points, to end the day at 13,268.20 The Nasdaq managed a +0.31 percent gain to close at 3,059.85, while the …

Dow Down, Patrick Rises, Skyline Falls Read More

Modular Unit to Keep Seniors Safe and Close

As follow-up to an article we published Feb. 17, 2012, The New York Times reports the first MEDCottage will be delivered this month to a family in Alexandria, Virginia. As an alternative to placing aging family members in a nursing home, this 12-by-24 bedroom-bathroom-kitchenette modular unit, designed to fit in …

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HUD Funds to Rehabilitate Modular Homes

The Department of Housing and Urban Development (HUD) has awarded $1.8 million in grants to improve housing and stimulate economic development among three Native American tribes in Nevada. KTVN-TV tells MHProNews.com each of the tribes will receive $605,000 under the Indian Community Development Block Grant (ICDBG) Program. The Ely Shoshone …

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MH Destroyed during AL Storms Unusually Low

In the wake of the deadly tornadoes that ripped through Alabama last year, WSFA-TV in Montgomery, AL, like many in the media and in the National Weather Service (NWS), does not distinguish between pre-HUD Code homes and those built after 1976. However, Tommy Colley, who trains MH installers for the …

MH Destroyed during AL Storms Unusually Low Read More

The Rising Star of Texas

NationalMortgageNews reports the Texas Association of Realtors says the volume of home sales increased the first quarter by 12 percent, including 45,502 single-family homes. The median price of the houses sold rose 2.7 percent over the same period last year, to $147,100. The inventory of houses on the market dropped …

The Rising Star of Texas Read More

Household Growth Remains Slow

The American Association of Retired Persons (AARP) reports the Pew Research Center says over 20 percent of adults 25-34 live in a multigenerational setting, the highest level since the 1950s. The so-called Boomerang Generation are moving in with relatives due to economic necessity. The Washington Post says the recession cut …

Household Growth Remains Slow Read More

Deer Valley Leaps Up, Skyline Skids, Housing Composite Bests Dow

Reports of improvement in U.S. manufacturing sent the Dow Jones Industrial Average to its highest point in four years, gaining half a percentage point, +65.69 points, to close at 13,279.32. CNNMoney tells MHProNews.com the Nasdaq moved up 0.13 percent to close at 3050.44, while the S&P also moved up, +0.57 …

Deer Valley Leaps Up, Skyline Skids, Housing Composite Bests Dow Read More

Show Documents Housing History

The “House and Home” exhibit at the National Building Museum in Washington, D.C. tells the history of housing in the United States through photographs, film, drawings, texts, and models, beginning with Native Americans, through tenements, suburbia, urban living, even to the modular Tumbleweed Tiny House that has just 100 square …

Show Documents Housing History Read More

The Economy Nudges Upwards

The Commerce Department says construction spending grew +0.1% from Feb. to $808.1 billion in March, six percent higher than the $762.6  billion of March 2011, and notes the suggestion of improvement in the housing industry. Meanwhile, the LATimes says, the Institute for Supply Management (ISM) reports in their index the …

The Economy Nudges Upwards Read More

MH Responsibility Moves from State To County

MHProNews.com has learned the Bullhead City Council has approved an agreement between the city and the Arizona Department of Fire, Building, and Life Safety (DFBLS), Office of Manufactured Housing, for Mojave County to issue permits and inspections for manufactured housing and factory-built buildings. The DFBLS does not have an inspector …

MH Responsibility Moves from State To County Read More

Making Manufactured Housing SAFE from Dodd-Frank

Perhaps 20,000 to 30,000 jobs and the home values of some 4 million pre-HUD Code mobile and post-HUD Code manufactured homes hangs in the balance of the passage of HR 3849. Can it get done? Experts tell MHProNews that it will require a strong grass roots effort by industry professionals …

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Modular Buildings Provide Laboratories

TheSacramentoBee tells MHProNews.com Arts Way Scientific, Inc. of Armstrong, Iowa is supplying a research and teaching institution with 24 modular buildings that will comprise a 21,350 square foot research facility. With an anticipated installation date before the year’s end, the contract is valued at $8.7 million. Art’s Way Scientific, a …

Modular Buildings Provide Laboratories Read More

World Wide Real Estate Firm Offers Financials

CBRE Group, Inc., a far-reaching global player in the full-service real estate services industry, reports its first quarter 2012 revenues increased 14 percent over the same period 2011, $1.35 billion versus $1.2 billion. Net income was $45.9 million, $0.14 per diluted share for Q1 2012 compared to $40.6 million, or …

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Deer Valley Stumbles, UMH Alone Edges Up

Stocks end the month on a down note pulled by weak domestic economic news and Spain’s declaration it’s in a recession. CNNMoney tells MHProNews the Dow Jones Industrial Average edged down -0.11 percent, -14.68 points, to end the day at 13,213.63 The Nasdaq lost even more, -0.74 percent, to close …

Deer Valley Stumbles, UMH Alone Edges Up Read More

Misleading Info on Manufactured Housing—Again!

In her segment about the tornadic dangers to MH residents, Iowa’s KWWL-TV reporter Kera Mashek does not distinguish between pre-HUD Code homes and manufactured housing in her report. It is all “mobile homes” to her. Unfortunately, the U.S. Commerce Dept.’s National Oceanic and Atmospheric Administration’s (NOAA) statistics on fatalities resulting …

Misleading Info on Manufactured Housing—Again! Read More

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