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.
The NewHavenRegister says the Ryder Woods Mobile Home Park in Milford, Connecticut was moved in 2005 to make way for a WalMart, and the developer paid fairly and squarely to move the 200 families. Three years ago the Ryder family re-purchased the community to make sure it would never have …
Earl and Ruth Fredrickson own E&R Mini Storage in Kenyon, Minnesota and live in a two story house on the property. ExtraStorage says they sold the perfectly good house for a dollar and the new owner is moving it to another lot. The Fredrickson’s have bought a one-story modular house …
TwinCities reports the woman who with her husband helped found Landfall, Minnesota’s “premier manufactured housing community”, died May 26 at 82. After WWII she and her husband, James, moved to the property and lived in a mobile home James had built, when it was “just cows and country out there,” …
TheGlobeandMail tells MHProNews.com from Canada Quebec-based modular manufacturer Pro-Fab has acquired Guildcrest Building Corporation, a Morewood, Ontario modular home producer. Pro-Fab is actually part of Chicago-based Wynnchurch Capital, a private equity fund management company that had previously opened a Toronto office in 2009. Guildcrest has provided homes for first nations …
Concerns about slowing growth in China and India’s manufacturing sectors, and continuing fear about Spain’s banking system and the possibility Greece may leave the Eurozone led to choppy stocks. CNNMoney tells us the Dow Jones Industrial Average lost 17.18 points, -0.14 percent, to close at 12,101.39. The Nasdaq rose nearly …
GreenBuilderMag tells MHProNews.com Harvard University’s Joint Center for Housing Studies will release its annual State of the Nation’s Housing 2012 on June 14, 2012 from 11 AM to noon at the Ford Foundation Board Room on E. 43rd St. in Manhattan. The periodic assessment of the nation’s housing outlook provides …
MarketWatch reports Chicago-based Green Courte Partners, LLC announces the acquisition from CRF Communities of Plantation Landings, an MHC in Haines city Florida. The four-star 394 home site age-restricted community is fully leased, MHProNews.com has learned. In 2009, Green Courte’s second fund, Green Courte Real Estate Partners ll, LLC, purchased Royal …
RoyalGazette reports from Bermuda a 100-unit modular housing project will replace 140 year-old United Kingdom-designed barrack style housing if the Progressive Labour Party has its way. The old units are beyond repair with termites, asbestos, leaky pipes, mould, and structural problems. The $36 million project will provide low cost housing …
From semissourian we learn the Cape Girardeau (Missouri) City Council will hold a public hearing at tonight’s (June 4, 2012) meeting to consider rezoning what has been zoned Residential Manufactured Home District (RMH) to Highway Commercial District for an RV/travel trailer park. Mark Rademaker of the Landing Point RV Park …
DigitalJournal tells MHProNews.com Killam Properties, one of the largest MHC owners in Canada, has sold a portfolio of 12 manufactured home communities comprising 2,032 home sites to Canadian Apartment Properties Real Estate Investment Trust (CAPREIT). The transaction increases CAPREIT’s holdings to 14 MHCs and 3,365 home sites. In a related …
SeekingAlpha‘s Tim Plaehn, who has 25 years experience with the stock market, ranks Sun Communities, Inc. as one of the top performing high yield real estate investment trusts (REITs) that is below the radar of the Vanguard REIT Index ETF (exchange-traded fund), which measures the performance of the larger REITs. …
The Dow Jones Industrial Average fell under the bus as the U.S. and Europe received weak job reports, and China reported a manufacturing decline. The Dow ended up 100 points below where it closed out 2011 as all three indexes lost over two percent. CNNMoney reports the Dow plunged -274.88 …
The non-profit Concern for Independent Living, Inc. dedicated the state’s first large, multi-family modular apartment building in the Brownsville section of Brooklyn, New York. The 65-unit MacDougal Street Apartments will create 18 new permanent jobs and will be home to 65 low-income residents recovering from mental illness. MarketWatch tells MHProNews.com …
Following up on a story from MHProNews.com April 17, 2012, WHIOTV in Sidney, Ohio says a modular home built by students from the Upper Valley Career Center in Piqua, OH has been sited in Sidney. Shipped in two sections, the dwelling will soon be home to two young women who …
TrinidadTimes says Las Animas County in southern Colorado has not updated its building codes since 2003, and county building inspector Joe Richards says updating them to 2009 standards might save homeowners and businesses on their property insurance. The Insurance Services Office rates buildings on a scale of one to ten …
Harkening back to a story April 3, 2012 about the Pennsylvania House of Representative’s passage of SB 1141 that requires MHC owners to provide adequate notification and compensation when a community is set to close, the sungazette says it’s too late to help the residents of Riverdale Mobile Home Park …
The Wisconsin Housing Alliance tells MHProNews.com data gathered by the American Banker’s Association’s (ABA) Consumer Credit Delinquency Bulletin loan delinquencies for manufactured housing dropped to 3.76% from 4.08% during Q4 2011. While the ABA says a delinquency is 30 or more days past due, TransUnion, the third largest credit bureau …
CNNMoney reports Fred Dickson, chief market strategist at D.A. Davidson, says the market has declined in May in three out of the last four years, and this one is no exception. The Dow Jones Industrial Average ended the month with a quiet whimper, losing -0.21 percent, 26.41 points, to end …
An estimated 60,000 plaintiffs who lived in Federal Emergency Management Agency (FEMA) trailers following the 2005 hurricane season may share in the most recent settlement of $5 million for injuries due to inhaling formaldehyde that oozed out of the interior walls. RVBusiness says according to court filings May 29, 2012 …
FoxBusiness reports gross domestic product (GDP) increased at an annual 1.9 percent in the first quarter of the year according to the Commerce Department, down from 3.0 percent in the fourth quarter of 2011. Excluding inventory values, which fell in the first quarter, the economy grew at a rate of …
