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.
Stocks closed modestly lower Wednesday and the Yahoo Finance Manufactured Housing Composite Index remained unchanged. Those closing higher included Affiliated Managers Group, up .60 cents (.54 percent) to $112.19; Equity Lifestyle Properties, up .09 cents (.13 percent) to $69.14; Patrick Industries, up .41 cents (3.98 percent, making it the day’s …
According to The Wall Street Journal, the manufactured housing industry may be poised for a rebound. Noting the 42.1 percent increase in MH sales Jan. 2012 over Jan. 2011, and the corresponding six percent decrease of new single-family stick built homes in 2011, the article says home buyers may be …
WoodworkingNetwork informs MHProNews.com Universal Forest Products, Inc. (UFPI) has instituted a software system to document usage of 300 production tools. The new system, called Intooligence, and developed by an Elkhart, IN company of the same name, maintains a database of serial numbers of cutterheads, links to knife sets, keeps track …
The AtikokanProgress reports to MHProNews.com from just north of Duluth, Minnesota, in Canada, the Ontario Municipal Board (OMB) dismissed a homeowner’s appeal of a bylaw that would have restricted placement of modular homes. The town had approved the amendment requested by owners of a former MHC who want to build …
News that building permit requests had risen in the U.S. was not sufficient to counter investors’ fears that China might be entering a manufacturing slowdown, sending the Dow Jones Industrial Average down 68.94 points, -0.52 percent, to 13,170.19, according to CNNMoney. Nasdaq lost -0.14 percent to end at 3074.15, and …
Deer Valley Slides, Skyline Falls, Despite Rise in Building Permits Read More
As follow-up to a story we published Feb. 10, 2012, Joe Kelly, executive vice-president of the Manufactured Housing Association of Iowa (MHAI), tells MHProNews.com Iowa’s legislative bill HF 2013 will establish a fund for consumers to borrow money to purchase a manufactured home through the Iowa Finance Authority. The bill …
The National Association of Home Builders tells MHProNews.com the Board of Trustees for its Building Systems Councils (BSC) has chosen Kevin Flaherty as its vice chairman. A 28-year veteran of the building systems industry, Flaherty is vice president of marketing for Genesis Homes and Champion Home Builders in Troy, Michigan. …
Kevin Flaherty of Champion Homes Picked for Trustee Position Read More
As a follow-up to a story we published Feb. 28, 2011, TheNowNewspaper in Surrey, British Columbia, Canada tells MHProNews.com modular units used for housing athletes at the 2010 Winter Olympics in Whistler, just north of Vancouver, have been converted into 52 rental apartments for seniors and people with disabilities. Timber …
NorthBayBusinessJournal informs MHProNews.com new California modular kid-on-the-block Healthy Buildings Technology Group finished the first of two showcase Ohome homes in Napa, CA. The roof and wall panels of a 640 square-foot dwelling were hauled to a site in North Napa and assembled in two days. A second Ohome nearly twice …
Green-oriented Builder Sets Sights on Modular Homes Read More
The National Association of Home Builders (NAHB) tells MHProNews.com builder confidence as measured by the NAHB/Wells Fargo Housing Market Index (HMI) fell one point to 29 in March after five months of increase. A score of 50 or better indicates more builders see the market as good rather than poor. …
MHProNews.com has learned from IntelligencerCanada Royal Homes Ltd. of Wingham, Ontario won the contract to supply the Canadian Forces Housing Agency (CFHA) at CFB Trenton with a two-story modular home. The 1,437 square foot dwelling will have three bedrooms, 1 1/2 baths, an attached garage, and a fire suppression system …
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged up 6.51 points on news that Apple’s stock topped the 600 mark as it is poised to pay dividends on its stock. Up eight percent since the beginning of the year, the Dow gained +.05 percent to close at 13,239.13. The …
Nobility, Patrick, and UMH End the Day with Nice Gains Read More
CTVBC in Canada reports Ikea is producing a flat-packed do-it-yourself modular home for sale in the U.S. furnished with their signature cabinetry, flooring and wardrobes as well as Energy Star appliances. Priced at $86,500, the 745 square-foot space-saving home, the Aktiv, has an open living/dining/kitchen area, a single bedroom and …
While noting modular villas being built in in one day in southern Iraq by Rotondo Weirich of Pennsylvania, as we published here March 6, 2012, FraserCoastChronicle of Australia reports Hutchinson Builders is constructing a modular three-story accommodation (residential) building for Central Queensland University (CQU) in northeast Australia for their Mackay …
A four inch torrential downpour inundated Hebron, Ohio, just south of Newark in near dead center of the state, according to what the NewarkAdvocate tells MHProNews.com. Of the 144 homes affected by the flood, 30-40 were at the Greenbriar Village Mobile Home Park, where the power had to be cut …
TradersHuddle tells MHProNews.com long-time executive in the MH and Mod transportation industry Shawn CJ Kling has been elected to the board of directors of T.J.T., Inc. to fill an unexpired Class III Director term. The company provides recycled tires and axles to the manufactured housing industry in ten western states …
Modular says the Modular Building Institute’s (MBI) World of Modular convention and trade show in Orlando, Florida at Disney World March 24-27 will bring together hundreds of professionals from the commercial modular building industry. Billed as the largest event in the modular world, the gathering will include over 50 exhibitors, …
CNNMoney tells MHProNews.com the Dow Jones Industrial Average edged down as investors, though optimistic about the economy in general, populated the sidelines as the Dow waffled down -20.14 points, -0.15 percent, to end the week at 13,233.62. “Some of the economic news today was a bit disappointing, but none of …
In a letter published in today’s USA Today, Manufactured Housing Institute (MHI) president and CEO Richard Jennison responded to a March 11 article in the paper that only people in manufactured housing are at risk during a tornado. Noting that 175 mph winds can ravage any housing, he quotes from …
From AllAfrica, MHProNews.com learns the housing shortage in Namibia will be met in part by Nami Prefabricated Housing cc, a Chinese company that will produce 18 two-bedroom homes daily. Nami is 70 percent complete with establishing its five distinct manufacturing facilities that will make the panelised homes which in turn …
