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.
Investors stayed on the sidelines in advance of a key vote on the proposed bailout of Greece. The Dow Jones Industrial Average gained 45.72 points, +0.35%, to close at 12,949.87. CNNMoney tells MHProNews.com the Nasdaq lost -0.27% to 2,951.78, while the S&P rose 0.23% to end the week at 1,361.23. …
Dow Relatively Quiet as Patrick Ind. And Nobility Homes Sound Read More
According to SeniorHousingNews, with health care costs rising and the economy still not thriving, “Granny pods” may start appearing in your neighbors’ backyards. Small modular homes, Med-Cottages, 288 square feet, outfitted as needed for the particular resident, assembled in a backyard, can give seniors a sense of independence while keeping …
MHProNews.com has learned through GizMag Bellomo Architects has designed a modular house that arrives in a ten-foot box and is assembled much like IKEA furniture. Bent steel tubes form the base structure of House Arc, which comes with an easy-to-follow graphic manual and requires no special training to assemble. When …
After the Bryan, Texas City Council and inspectors from various departments toured the 37 LLCs in the city in 2010, 117 factory-built homes had their utilities cut for safety reasons and 14 were demolished. 32 of the communities were affected. The ordinance to regulate the communities had been on the …
In an op-ed piece in Statesman of Austin, Texas, Ed Wendler, Jr. says the most important issue in the upcoming city council elections should be affordable family housing. As a developer in a city where rents increased 7.2 percent last year and are expected to continue rising the next three …
The Federal Emergency Management Agency (FEMA) reports the last Katrina manufactured home has left New Orleans. “Another page has turned in New Orleans’ post-Katrina history,” New Orleans Mayor Mitch Landrieu said in a news release. “At the end of the day, FEMA trailers were never meant to be permanent housing …
USAToday tells MHProNews.com sustainable, energy-efficient home-building has increased in the wake of actor Brad Pitt’s founding of Make It Right, a response to the housing needs of victims of Hurricane Katrina in New Orleans. Living Homes of California has developed a modular 1,232 square foot home with three bedrooms and …
Despite fears of the European debt crisis and Greece’s continuing bailout problem, positive U.S. economic data in the employment and housing sectors helped drive the Dow Jones Industrial Average up nearly one percent, 123.06 points. to close at 12,904.01. “People know and are still fearful of the European Union crisis, …
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has …
Robert Ludgate, Jr., the Alsace Township engineer in Temple, Pensnsylvania says he has agreed to table a township requirement for manufactured homes at the Urban Acres Mobile Home Park to have exterior cast-iron sewer traps. MHC owners Erica and Kevin Ernst told the township supervisors of the 75 homes in …
In an exclusive communication from MHI, MHProNews.com has learned Richard “Dick” Jennison has been chosen to head the Manufactured Housing Institute (MHI). The former partner and Senior Vice President at Omni Solutions Group where he managed their large not-for-profit business practice, Jennison previously spent nearly eight years as president of …
John Quale, professor of architecture at the University of Virginia in Charlottesville has turned his sights on developing energy efficient affordable housing. “The people who are at the lower end of the income level are the ones who need the most help in reducing their energy inefficiency, and yet they …
The Dow and the Yahoo Finance Manufactured Housing Composite were going in opposite directions Wednesday. While the general indexes lost about one percent, the manufactured housing index gained as much and more. Gaining ground Wednesday were Cavco Industries, up .46 cents (.87 percent) to $53.18; Nobility Homes, up $1.25 (18.94 …
You might call it Flat Tuesday. Stocks pared losses experienced early in the trading day as optimism rose in regards to the financial situation in Greece. The Dow and Nasdaq ended the day close to where they started. The Yahoo Finance Manufactured Housing Composite Index gained just over one percent. …
Stocks, Decline, Rise, Close Near Where They Started Read More
As follow-up to an article we posted Dec. 26, 2011, SantMonicaDispatch tells MHProNews.com the Village Trailer Park in Santa Monica, CA has likely been saved from the wrecking ball by the LA Landmarks Commission. The owners of the 108 home site LLC (land lease community) wanted to develop the property …
Vintage MHC will Remain as Tribute to Industry’s History Read More
MHProNews.com has learned from Jason Boehlert, vice president of government relations at the Manufactured Housing Institute (MHI), On February 7, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released final rules extending anti-money laundering (AML) and suspicious activity report (SAR) requirements to non-bank residential mortgage lenders and originators. Non-bank …
A source has informed MHProNews.com that Apex Homes, Inc. of Middleburg, Pennsylvania, a modular home builder, filed for reorganization under Chapter 11 bankruptcy the end of January. Calls to Apex for confirmation were referred to an asset management company, which did not immediately return calls. Apex has been in business …
CNNMoney tells MHProNews.com U.S. markets moved up following the Greek government’s approval of an austerity package that will increase the government’s chance of more bailout money and thereby prevent default. The Dow Jones Industrial Average gained 72.81 points, +0.57 percent, to close at 12,874.04. The Nasdaq gained just under one …
Greek Good News Lifts Dow; Drew Industries Gains as Well Read More
Hurt by high material and production costs, Drew Industries, Inc. announced fourth quarter earnings lower than expected. According to information MHProNews.com has received from Reuters, the RV and MH component maker saw net sales rise 50 percent to $160 million, and income rise by $1 million to $4.1 million over …
Wellsboro, Pennsylavania, County Assessor Deb Crawford of Tioga County says manufactured home owners need to obtain a trailer release if they sell or move their homes in order to avoid receiving a continuing tax bill. Without the permit “we would not know there is a new owner, “Crawford says,” (and) …
