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 RepublicanHerald reports from Schuylkill County in Pennsylvania that Pine Grove Manufactured Homes Inc. has asked the Schuylkill County Court to reduce the fair market and assessed value of its property that was damaged by the floods of Sept. 2011, forcing the company to close the facility and move production […]
MH Producer Appeals Tax Assessment Read More
According to HousingWire, the U.S. Census Bureau’s report on “Characteristics of New Housing for 2011” indicates the housing market may be slowly stabilizing. Twenty percent of all new single-family homes were financed by an FHA-insured loan, five percent less than in 2010, and four percent less than 2009. Conventional loans
Census Bureau Releases Data on 2011 New Homes Read More
CalgaryHerald reports from Edmonton, Alberta, Canada Igloo Prebuilt Homes in Acheson turns out a modular home each day. The “balanced air” model can save $300/mth in energy costs without a furnace. The walls are twice as thick as a conventional home with six-inch thick mineral wool insulation, producing an R-45
Modular Home has No Furnace Read More
Following up on a story we posted May 25, 2012, the Manufactured Housing Institute (MHI) newsletter says the National Flood Insurance Program has been extended for two months until July 31, 2012. Congress passed the extension and President Obama signed it so homeowners and businesses in flood prone areas can
Flood Insurance Extended Read More
Good news from the Institute for Supply Management (ISM) noting an increase in new orders was tempered by Spain’s rocky banking system and Greece’s possible departure from the Eurozone, leading to a minor gain for the Dow Jones Industrial Average. CNNMoney tells us the Dow gained 26.49 points, +0.22 percent,
Dow Edges Up, Cavco Gains over Five Percent Read More
Speaking to the American Real Estate & Urban Economics Association, special adviser to the Treasury secretary Michael Stegman, noting the restructuring of GSEs to allow private investors to share the risks of Fannie and Freddie MBS (mortgage-backed securities), says: “We believe that this initiative could help support our broader efforts
GSE’s and Private Sector to Share Risks Read More
HousingWire reports CoreLogic says April home prices rose a mere 1.1% over last April, but it is the second year-over-year increase in 2012. Overall home prices have risen 2.2% April over March of this year; excluding distressed sales April grew 2.6% over March, and 1.9% above last April. Anand Nallathambi,
Home Prices Nudge Up Read More
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
Nearby Housing Development Raises Concerns Read More
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,”
Passages: Mitzi Olson Read More
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
Mod Manufacturer Acquires Another Read More
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
Dow Slips, Deer Valley Rises, Nobility Falls Read More
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
Harvard to Release Annual Housing Summary Read More
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
Green Courte Acquires Fla MHC Read More
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
MOD Rising in Bermuda Read More
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
MHC to Convert to RV Park Read More
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
Killam Unloads MHCs, Acquires Apts. Read More
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.
Sun Stock Gets High Marks Read More
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
Nobility Goes Regal, other MH Stocks Rise Read More
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
Modular Multi-Unit First for NY Read More
