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.
CNNMoney reports the Dow Jones Industrial Average hit 12,575.00 during the day but settled down to 12,502.81, -0.01%, -1.67 points as the day’s trading ended. The rise of sales of existing homes boosted the market, but a downgrade of Japan and a weak global market tempered that news. The Nasdaq […]
Improved Housing Market Bolsters Many U.S. Stocks Read More
The 13 county Indianapolis metropolitan area marked an 18 percent rise in existing home sales in April from one year ago. As the IndyStar tells MHProNews.com, the Metropolitan Indianapolis Board of Realtors (MIBOR) says 2,215 homes were sold in April, an increase over the 1,877 sold in April 2011. The
Home Sales Rise in the Heartland Read More
The Chronicle tells us another modular player has entered the housing game in the oil boom of North Dakota. Colorado-based Confluence has already set the first of ten units of apartments called Confluence at Harvest Hills, as the initial 12 modules were sited May 15. Occupancy of the first unit
New Modular Builder on the Block Read More
VTDigger says Tropical Storm Irene flooded portions of the Vermont State Hospital in Waterbury, Vermont, and since then some of the patients are being held in state prisons. Now the state is looking into a modular high-security unit in Waterbury to house mental patients being held under court order. Noting
MOD to House Mental Health Patients Read More
Writing in OriginationNews, Paul Muolo says changes made to the Home Affordable Refinance Program (HARP) have sparked an increase in mortgages beyond what the industry anticipated. Fannie Mae and Freddie Mac’s overhauling their automated underwriting (AU) systems has also added to competition. Noting this may be the most successful mortgage
New HARP Spurs Lending Read More
TheOlympian in Olympia, Washington informs us that the Manufactured Housing Institute (MHI) has chosen Clayton Homes in Lacey, WA, just south of Seattle, as the West Retail Sales Center of the Year. The award is based on industry and community involvement, marketing materials, management philosophy, and retail center aesthetics. MHProNews.com
Clayton Homes Receives Honor Read More
The deadly tornado that killed 161 people as it ripped through Joplin, Missouri May 22, 2011 all but demolished St. Johns Regional Medical Center, breaking every window in the nine-story building and pushing it several inches off its foundation. While over 300 people continue to live in Federal Emergency Management
Modular Hospital Replaces Tornado Damaged Facility Read More
CNNMoney reports following the year’s worst week, the Dow Jones Industrial Average bounced back, unfazed by the ten percent drop in Facebook’s stock, although encouraged by news from Europe, as the Dow gained +135.1 points, +1.09 percent, to close at 12,504.48. The Nasdaq moved up +2.46 percent to 2,847.21, while
Dow Bounces Back; Nobility gets Banged Up Read More
GoUpstate tells us the Spartanburg City Council in South Carolina is considering raising the fees on MHC owners to offset the cost of inspections so taxpayers are not subsidizing the expense of the inspectors. Other changes in the ordinance amending the original land management measure deal with lighting and setback
MHC Owners’ Fees to Rise Read More
WenatcheeWorld in Wenatchee, Washington says home sales according to Pacific Appraisal Associates spiked 44 percent in April over the same month last year, hitting $44 million compared to last April’s $35.1 million. In the greater Wenatchee area the number of homes sold year-to-date rose 25% over 2011. Sales of manufacture
Manufactured Housing Dollars Double Read More
PalmBeachPost reports from Jupiter, Florida a plan to build 348 rental units will force some 100 residents of Whitehaven Seniors Adult Park MHC to relocate. Jupiter-based FLF 1030 LLC says the company must close the sale of the property and then receive site use and zoning approval from the city
Seniors May be Displaced by Development Read More
Following up on a story we covered Jan. 19, 2012, HutchNews reports from Lawrence, Kansas the rental housing planned for University of Kansas students to replace the 241 site Gaslight Mobile Home Village is still being negotiated, as homeowners have begun moving out. Mid-America Manufactured Housing Communities will pay residents’
MHC to be Replaced by UK Students Read More
NorthernColoradoBusinessReport says Edmonton, Alberta, Canada-based PTI Group Inc. bought the 100,000 square foot plant previously occupied by Barvista Homes modular home manufacturer in Johnstown, Colorado, to produce modular offices and housing for use by the burgeoning oil and gas industry in northern Colorado. Billing itself as one of the largest
Modular Building Starts Back Up Read More
In it’s second newspaper conglomerate acquisition in six months, HoumaToday tells MHProNews.com Berkshire Hathaway has purchased 63 of Media General’s newspaper properties for $142 million cash, including the Richmond Times Dispatch and Winston Salem Journal. “In towns and cities where there is a strong sense of community, there is no
Buffett a Newspaper Raider? Not. Read More
All three U.S. stock market indexes notched their worst week of 2012. The Dow Jones Industrial Average is down 3.5% for the year, falling -73.11 points today, -0.59%, to end the week at 12,369.38. CNNMoney reports continuing concerns about global markets kept investors on the sidelines. The Nasdaq dropped -1.24
Looming European Gloom Overshadows Shiny Facebook Offering Read More
InForum says organizers of the Bakken Housing Summit in Williston, North Dakota are calling for 5,000 homes in western ND in the next 24 months to meet the demand for housing in this oil rich region. Real estate developer Michael Milner of Salt Lake City says, “Without federal interference, this
Housing Summit Meets in ND Read More
A contractor for 20 years, Dale Jech is now certified to build modular homes in Rochester, Minnesota, another player helping to fill the need for housing in the oil fields of North Dakota. Creative Modular Concepts already has orders for 80 homes and anticipates the sixty-man crew will build 145
New MOD Builder on the Block Read More
SeniorHousingNews tells MHProNews.com following the Great Depression about 25% of all households were multi-generational. That number fell to 12% during the 1980’s and climbed to 17% as people deal with the Great Recession. If that trend continues, the nation’s home builders may be developing more side-by-side houses, with one side
Home Building Trends for 2012 Read More
Over 18 months of hard work by 200 students from Carroll County High School in southwestern Virginia has resulted in a modular home for a needy family, and a great sense of accomplishment for the students. While the CCHS Building Trades classes did the manual labor, the Culinary Arts Dept.
Students’ MOD Project Becomes Community Event Read More
NationalMortgageNews reports RealtyTrac says foreclosure filings fell to their lowest level since July 2007, dropping five percent from March 2012 and 14% from a year ago. The 188,780 notices of default also include scheduled auctions and bank repossessions. Following three months of increases, foreclosure filings were down four percent April
Foreclosure Filings Drop Nationwide Read More
