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.
BellehavenPatch tells MHProNews.com Fairfax County, Virginia is considering developing the North Hill site in Hybla Valley into an MHC for 67 homes and a greenspace. Meanwhile, AHP Virginia LLC has a counter proposal that would involve building apartments on the site, housing 204 families, nine percent of which would be […]
New MHC Proposed for Virginia Read More
DelcoNewsNetwork tells MHProNews.com Tinicum Township officials, as part of a $23 million efficiency upgrade at Philadelphia International Airport, approved a land waiver request to build a 791 square foot modular building near the UPS facility on Hog Island Road. The building would house UPS workers moving from a facility at
Philadelphia Airport Building Modular Housing Read More
The National Association of Realtors (NAR) says reports from across the country show existing home sales edged up 3.4 percent April over March, 2012 for every region of the country. While the increase is a positive sign, the seasonally-adjusted annual rate (SAAR) of 4.62 million home sales, just below January’s
Sale of Previously Occupied Homes Rise Read More
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
