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.
MHProNews.com has learned the Bullhead City Council has approved an agreement between the city and the Arizona Department of Fire, Building, and Life Safety (DFBLS), Office of Manufactured Housing, for Mojave County to issue permits and inspections for manufactured housing and factory-built buildings. The DFBLS does not have an inspector […]
MH Responsibility Moves from State To County Read More
Perhaps 20,000 to 30,000 jobs and the home values of some 4 million pre-HUD Code mobile and post-HUD Code manufactured homes hangs in the balance of the passage of HR 3849. Can it get done? Experts tell MHProNews that it will require a strong grass roots effort by industry professionals
Making Manufactured Housing SAFE from Dodd-Frank Read More
TheSacramentoBee tells MHProNews.com Arts Way Scientific, Inc. of Armstrong, Iowa is supplying a research and teaching institution with 24 modular buildings that will comprise a 21,350 square foot research facility. With an anticipated installation date before the year’s end, the contract is valued at $8.7 million. Art’s Way Scientific, a
Modular Buildings Provide Laboratories Read More
CBRE Group, Inc., a far-reaching global player in the full-service real estate services industry, reports its first quarter 2012 revenues increased 14 percent over the same period 2011, $1.35 billion versus $1.2 billion. Net income was $45.9 million, $0.14 per diluted share for Q1 2012 compared to $40.6 million, or
World Wide Real Estate Firm Offers Financials Read More
Stocks end the month on a down note pulled by weak domestic economic news and Spain’s declaration it’s in a recession. CNNMoney tells MHProNews the Dow Jones Industrial Average edged down -0.11 percent, -14.68 points, to end the day at 13,213.63 The Nasdaq lost even more, -0.74 percent, to close
Deer Valley Stumbles, UMH Alone Edges Up Read More
In her segment about the tornadic dangers to MH residents, Iowa’s KWWL-TV reporter Kera Mashek does not distinguish between pre-HUD Code homes and manufactured housing in her report. It is all “mobile homes” to her. Unfortunately, the U.S. Commerce Dept.’s National Oceanic and Atmospheric Administration’s (NOAA) statistics on fatalities resulting
Misleading Info on Manufactured Housing—Again! Read More
A bill up for second consideration today (April 30) by the Pennsylvania House of Representatives, according to the Newtown-Pa.Patch, would require the Department of Community and Economic Development to establish regulations for relocating manufactured homes. SB 1141 (Sen. Charles Mcllhinney, R-Bucks/Montgomery) also defines “manufactured housing.” MHProNews has leaned the third
PA Legislature Voting on MH Bill Read More
From Georgia MHProNews.com learns ChronicleAugusta reports a pre-HUD Code mobile home that caught fire in the middle of the night in 2006 and took the lives of a young couple spawned several lawsuits brought by the families. The city of Augusta claims protection under the legal principle of sovereign immunity
Augusta Dogged by Lawsuit Read More
Two Illinois men have been charged with defrauding investors out of $800,000 in a modular home building scam, the DailyHerald tells MHProNews.com. Richard Osty of Waukegan and Ronald Moore of Wheaton allegedly told investors $1,500 (sometimes more) would get them a loan for a green modular home, a one dollar
Pair Accused of Paring Investors in Modular Scam Read More
MarketWatch reports net sales for T.J.T., Inc. fell 24 percent for the second quarter ending March 31, 2012, resulting in a net loss of $286,000 for the quarter compared to a net loss of $296,000 for the same quarter a year ago. Net loss for the six months ending March
Tire, Axle Recycler Rolling Backward Read More
All three indexes ended the last full week of the month on a positive note as the Dow Jones Industrial Average gained 23.62 points, + 0.18 percent, to end the day at 13,228.24, according to CNNMoney. The Nasdaq gained even more, +0.61 percent, to close at 3069.20, while the S&P
Patrick Industries Skyrockets Again! Read More
WOOD-TV reports from Edmore, Michigan the owner of scrapped Erdmore Estates Mobile Home Park is in jail, and cannot respond to any violations. Corey Davy bought the community in 2008 in a bankruptcy sale after the state had revoked the previous owner’s license. Davy went to jail for two years
The End of Erdmore Estates Read More
SBWire reports ModularHomesNetwork (MHN) says the modular housing industry is stabilizing after losing a number of manufacturers in 2011. With more starts this year than last, and growth in the multi-family market, MHN notes Q1 modular housing growth in the New England area, New Jersey, and upper Midwest as well
Modular Home Building on the Rise? Read More
As follow-up to a story we wrote April 18 regarding changes to the MHC code by the San Antonio Quality of Life Committee, which has policy oversight of manufactured homes, Texas Manufactured Housing Association (TMHA) Executive Director J.D. Pendleton led a group of residents and community owners in a meeting
Task Force to Review San Antonio’s MH Code Changes Read More
The DesMoinesRegister says the Republicans and Democrats in the Iowa Legislature are negotiating a still-secret property tax measure, refusing to release any specifics to the public. Critics say it will increase homeowners property tax and cut $100 million annually from local government, which could affect school budgets, police protection, and
Tax Reform Could Lower MH Taxes Read More
Benzinga tells MHProNews.com the Pending Home Sales Index rose to 101.4 in March, up 4.1 percent from the 97.4 figure in Feb. 2012. Based on signed real estate contracts for all types of housing, the Index is 12.8 percent above March 2011 when it was 89.9, according to the National
Signed Sales Contracts=Good Q2? Read More
As the energy and mining industries continue to expand in Canada, creating instant cities that last for 20-25 years and then disband, companies need to quickly get the project up and running while controlling costs, and government wants the economic impact/revenue without environmental upheaval. Instead of the old metal shelters,
Modular Communities Spring Up to Accommodate Energy Workers Read More
All three indexes gained in today’s trading as hopes for more stimulus from the Federal Reserve took center stage over job market worries and mixed corporate earnings, sending the Dow Jones Industrial Average up 113.9 points, +0.87 percent, to end the day at 13,204.62. CNNMoney says the Nasdaq gained +0.69
Patrick Powers Up, Nobility Spikes Read More
MHProNews.com has learned from Reuters MH and RV community operator Sun Communities, Inc. reports net income for Quarter 1 2012 over Q1 2011 increased from $2.4 million to $5.4 million. Funds from Operations (FFO) rose from $18.8 million in the first quarter of 2011 to $25.7 million for the quarter
Sun is Shining Brightly Read More
According to NationalMortgageNews, Lender Processing Services (LPS) reports the national delinquency rate fell six percent from the previous month to 7.09 percent as of March 31, 2012. For the 40 million mortgages analyzed by LPS, March is the third consecutive month the rate has fallen, reaching a new low last
Delinquencies Decline, Foreclosures Take Time Read More
