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.
MyWestTexas reports within a few days of announcing an upscale 185-site MHC to be built in Midland, Texas, the developers received 380 inquiries from interested individuals. Project partners LubbockInvest and Great House Solutions of Odessa, TX, expect to keep the rates between $1200-1500 a month, which will include the site …
MarketWatch tells MHProNews MH component supplier Patrick Industries, Inc. (PATK) announces it has been added to the U.S. broad-market Russell 3000® Index and small cap Russell 2000® Index, “…honored to to have joined the prestigious group of companies that comprise the Russell 3000® Index,” says Patrick’s CEO Todd Cleveland. The …
CoshoctonTribune reports from Coshocton, Ohio, according to a revised state code, a $5 fee is now required to move any manufactured home on a public road within the state, and a Relocation Notice must be attached to the back of the home during the move. The permit can be obtained …
Loansafe tells us The Daily Star in Oneonta, New York reports Otsego County and Otsego Rural Housing Assistance are putting together a Community Development Block Grant application to rehabilitate manufactured homes. Applicants must meet income eligibility requirements to qualify for the program in this county west of Albany. The amount …
Investors see the financial crisis deepening in Europe on the brink of the EU Summit later this week. Fearing the two-day meeting will yield little, investors pulled back as all three indexes fell over one percent. CNNMoney tells us the Dow Jones Industrial Average lost -138.12 points, -1.09 percent, to …
Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), says the Architectural and Transportation Barriers Compliance Board (Access Board) is proposing to amend the Americans with Disabilities Act (ADA) and the Architectural Barriers Act (ABA) to ensure that temporary housing, following a catastrophe, whether provided by …
The VCStar tells us from Ventura County, California a rent increase at an MHC has triggered a lawsuit by residents challenging the Thousand Oaks City Council’s decision of last year to remove the age and income restriction agreement for determining site rents and instead place that authority under the auspices …
While some analysts predict the housing market will not turn around until later next year, Seeking Alpha‘s Mike Kapsch lists several reasons it may return yet this year: More building permits were applied for in May than in the past 3 1/2 years, and the U.S. Department of Commerce upwardly …
AnchorageDailyNews reports from Waco, Texas Warren Buffett’s Berkshire Hathaway has been out shopping again, this time buying two Texas newspapers—the Bryan College Station Eagle, announced earlier this month, and now the Waco Tribune-Herald. With 124 employees and a Sunday circulation of 39,000, the Herald-Tribune fits Buffett’s expressed interest in buying …
The Washington Post reports the number of adults sharing households spiked 11.4 percent from 2007 to 2010, representing an increase from 17 percent to 18.7 percent of all U.S. households, reversing the empty- nester trend. According to the Census Bureau, during that period the number of young adults living in …
Household Formation Decline Lowers Demand for Household Goods Read More
Despite Moody’s having downgraded 15 global banks—five of them major U.S. banks– after the close of the stock market yesterday, stocks rebounded as all three indexes registered gains. CNNMoney tells us the Dow Jones Industrial Average gained +67.21 points, +0.53%, to close at 12,640.78. The Nasdaq rose +33.33 percent to …
The Ohio Manufactured Homes Association (OMHA) tells MHProNews one time OMHA director Dan Rolfes suggested over ten years ago that all aspects of MH industry rules and regulations should be under one roof. On May 23, 2012, the Ohio General Assembly voted to establish – and the governor signed into …
UkiahDailyJournal reports the Mendocino County Board of Supervisors in north central California unanimously voted down a rent control ordinance that would affect all 60 MHCs in the county. While proponents said it would protect seniors on fixed incomes, opponents said it stifles free enterprise while also noting a study by …
MarketWatch reports the Philadelphia Federal Reserve in its June Business Outlook Survey states manufacturing in the region is down for this month as firms noted a decline in new orders and shipments. Employment remained nearly the same, but average hours fell. More companies experienced a decline in prices for their …
The Oklahoma Manufactured Housing Association (OMHA) and the Manufactured Housing Association for Regulatory Reform (MHARR) reports House Financial Services Committee Chairman Spencer Bachus (R-Ala), in commenting on a lawsuit challenging the constitutionality of Dodd-Frank, says the Consumer Financial Protection Bureau (CFPB) is a massive governmental bureaucracy without adequate checks and …
MarketWatch says according to the National Association of Realtors (NAR) sales of existing homes fell 1.5 percent in May because fewer inexpensive homes sold. The seasonally annual- adjusted rate (SAAR) of sales for the month hit 4.55 million, a drop from 4.62 million in April. Although sales were up 9.6 …
CNNMoney reports the Census Bureau says building permit applications for new homes rose to an annual rate of 780,000 in May, the highest rate since Sept. 2008, reflecting the National Association of Home Builders (NAHB) survey of builder confidence which hit its highest mark since 2007, as we reported here …
CNNMoney reports signs that global markets are hitting bumps in the road as Moody’s is expected to downgrade global banks sent the Dow Jones Industrial Average spiraling down -250.82 points, a loss of 1.96 percent, to close at 12,573.57. The Nasdaq fell even more, losing -2.44 percent to 2,859.09, while …
All Three Indexes and Most Tracked Housing Stocks Tumble Read More
TheGreenevilleSun reports from Knoxville, Tennessee the Clayton Family Foundation has sponsored a 5,000 square foot water park at the Knoxville Zoo. The “Clayton Safari Splash” includes life-size giraffes spouting water, large water hoops, and sprays that shoot water several stories high amid giant flowers. Speaking at the opening on behalf …
HamptonRoads reports from Suffolk, Virginia in the southeast corner of the state, a modular home in two sections is being moved here from North Carolina. Accompanied by escort vehicles, the procession will likely slow traffic around 1-2 PM along a route from Carolina Road to the siting at Blythewood Lane. …
