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.
Fear of the European debt crisis raised its ugly head again today as the Spanish government reported its banks have more problem loans than originally thought, setting the Dow Jones Industrial Average back modestly from yesterday’s big gain. CNNMoney reports the Dow lost 82.64 points, -0.63 percent, to close 13,032.90. …
Langley, British Columbia-based Britco has been honored with four international awards at the Modular Building Institute (MBI)’s annual convention in Orlando, Florida, according to what MarketWatch tells MHProNews.com. The Canadian company, one of the largest manufacturers of commercial modular buildings in North America, supplied the 2010 Winter Olympics in Vancouver …
GlobeSt reports from Chevy Chase, Maryland multifamily real estate investment firm Federal Capital Partners (FCP) has invested $29.5 million in a 1,358 manufactured home site portfolio with communities in Pennsylvania, North Carolina, and Maryland. MHProNews.com has learned FCP is teaming with current portfolio owner Horizon Land Co. FCP Managing Partner …
BusinessInsider says Warren Buffett has been diagnosed with stage 1 prostate cancer. Subsequent CAT and bone scans revealed the cancer has not spread. The Chairman of Berkshire Hathaway, which owns Clayton Homes of Maryville, Tennessee, will begin radiation treatment in July, and says his travel will be restricted during that …
The House Financial Services Committee has developed the Dodd-Frank Burden Tracker, a method to keep tabs on the implementation of the Dodd-Frank Act. Government regulators have written 185 of the over 400 new rules and regulations required to comply with the act signed by President Obama in July 2010. According …
J.D. Pendleton, Executive Director of the Texas Manufactured Housing Association, tells MHProNews.com the San Antonio Quality of Life Committee may propose changes to the city code that affects MHCs. The changes relate to building/rebuilding manufactured homes in a flood plain, signage responsibilities, and possible increased fines for violations. The Quality …
RTTNews reports UMH Properties, Inc., is adding eleven MHCs in Pennsylvania and New York to its portfolio at a cost of $28.25 million. The all-age communities comprise 966 home sites and have an average occupancy of 92 percent. MHProNews.com has learned the acquisition is scheduled to be finalized by the …
CNNMoney tells MHProNews.com fear of the European debt crisis took a back seat today as the Dow Jones Industrial Average bolted to just under 195 points, +1.50 percent, to end day at 13,115.54. The Nasdaq gained even more, 1.85 percent to close at 3042.82, while the S&P also gained, +1.55 …
A report from the Manufactured Housing Association for Regulatory Reform (MHARR) dated April 16, 2012 states HUD has returned to its authoritarian roots as it continues to disregard the Reform Act of 2000. MHARR cites its continuing discrimination especially against the smaller manufacturers, which ultimately raises the costs to the …
Deanna Fields of the Manufactured Housing Association of Oklahoma tells us Gov. Mary Fallin vetoed a bill that would have provided liability protection for MHC owners who shelter residents in their office during severe weather. HB 2296, which would protect the owners from civil liability passed unanimously in the House …
TCPalm of Palm Beach, Florida, tells MHProNews.com a series of power surges that struck the Village Green MHC in Vero Beach ruined numerous electrical devices in five manufactured homes, including large-screen TVs, coffee makers, DVD players, microwaves, a chandelier, and other appliances. Although the total loss was around $2,000, not …
SeaCoastonline in New Hampshire reports town officials in North Hampton, NH near the Atlantic Ocean coast say the state Department of Revenue Administration has completed its review of the property assessment determination process and discovered the manufactured homes in the area are undervalued. Most town property, MHProNews.com has learned, is …
MHProNews.com has learned from WHIO-TV in Ohio students at the Upper Valley Career Center in Piqua, in west central Ohio have turned out a number of homes. Their current project is a 1,400 square foot modular home for three developmentally-disabled individuals in Shelby County in Sidney, Ohio. Made in two …
From London, England OfficialWire tells MHProNews.com by 2017 the production of manufactured housing worldwide will reach 829,000 units. The report cites technological improvements, positive governmental regulations, and growing populations in the Asian and Latin American markets with disposable income as the driving force behind demand for middle-income housing. Noting manufactured …
The Diamond Green Apartments being built in Philadelphia near the Temple University campus will be the largest modular project in the city. Built by Mosaic Development Partners, the 92 unit complex will be home to 350 students. The apartments are part of a larger $20 million mixed-use complex with retail …
U.S. stocks were a mixed bag today: While worries of European debt continue to hang over the market, retail sales rose in March more than analysts expected as the Dow Jones Industrial Average gained 71.82 points, +0.56 percent, to end the day at 12,921.41. The Nasdaq lost -0.76 percent to …
RockwallHeraldBanner reports from Boyse City just northeast of Dallas the Federal Emergency Management Agency (FEMA) says 50 homes were damaged, 13 of them destroyed, by the tornado that ripped through Southeastern Rockwall County April 3. Thirty-eight of those were stick-built and 12 were factory-built. Fourteen stick-built and six manufactured houses …
The Manufactured Housing Institute (MHI)’s “Supplier of the Year” award was presented to NTA, Inc. of Nappanee, Indiana at the MHI National Congress and Expo for Manufactured and Modular Housing in Las Vegas, April 11. Sys-Con tells MHProNews.com NTA has a cadre of engineers, draftsmen, technicians, and consultants who do …
The Register-News in Mt. Vernon, Illinois reports the Mt. Vernon City Council will hold a second reading on a proposed ordinance governing conditional use siting of manufactured housing in the city. The ordinance would require written permission from the owner of adjacent stick-built homes to allow a manufactured home to …
Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces it will release financial results for the first quarter ending March 31, 2012 on Tuesday, May 8 after the close of the market. A conference call discussing the results will ensue the following day, Wed. May 9, 2012 at 10:00 AM …
