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 over 6,000 people have come to Williston, ND to take advantage of the oil boomtown money to be made, but available housing has not kept up with demand. Some are living in their vehicles in parking lots, some in tents, some sleep in sleeping bags beside the road. …
Alexa Blog says Zeman Homes of Chicago has contracted with MA Interactive of Northfield, IL to develop a website more tuned in to the digital landscape, raising its profile and reaching more MH customers. Led by Michael Templeton and Allen Yakowitz, MA provides a range of internet marketing services. The …
MercerIslandPatch notes the innovative modular house the U.S. Plywood Association assembled for the 1962 Seattle World’s Fair, the “American Home of the Immediate Future”, is currently occupied by its third owner on Mercer Island, a suburb of Seattle. Some of the original bright paint is intact. Unlike the many futuristic …
stockrants states Zack’s Investment Research downgraded shares of Universal Forest Products, Inc., from neutral to underperform. Although their earning rose 123 percent year-over-year, it failed to meet Zacks’ estimate by two cents. The ongoing weakness in the residential construction and building materials market led to the top line falling 2.4 …
Build.co.uk reports from England that Powerwall will ship 44 new modular units from its facility in Scotland to add a full story to an existing apartment building of 112 apartments that houses students and medical workers in London. Powerwall has a patented Volumetric modular system for constructing the units, and …
CNNMoney reports the Dow Jones Industrial Average nudged up 37.16 points to close at 11,541.78, a gain of +0.32 percent, as investors expressed cautious optimism about the European debt problem. The Yahoo! Finance Manufactured Housing Composite Value lost -0.56 percent to close at 705.60. Housing stocks closed mixed. Affiliated Managers …
SavannahNow reports an improperly subdivided lot cannot be sited with a modular home, according to Chatham County Superior Court Judge Michael Karpf. John Barr, Jr.’s, petition to site modular homes in Tybee Islands Eagles Nest neighborhood was denied because his son, the original property owner, violated a 2001 zoning ordinance. …
Court Ruling Favors Neighborhood over Modular Homes Read More
The Lompoc Record published an opinion piece written by Ron Faas, legislative action team coordinator for the Northern Santa Barbara County Manufactured Homeowners Team in California and a resident of Sunnyhills Mobile Home Park. Excerpts from “Mobile Homeowners Face Many Issues” follow: “Manufactured-home owners are in a unique situation in …
WSLS in Virginia reports Nationwide Homes in Martinsville is backlogged with orders for modular homes through January. Dan Goodin, sales vice president for Nationwide, says he intends to hire 20-30 people starting next month to keep up with a 30 percent increase in demand. Martinsville has the highest unemployment rate …
CNNMoney reports the Dow Jones Industrial Average fell slightly during the day 72.43 points to close at 11,504.62, a loss of 0.63% percent, following the Federal Reserve’s negative report about regional economic news. The Yahoo! Finance Manufactured Housing Composite Value lost 2.22 percent to close at 709.60, as housing stocks …
HousingWire reports the son of former Senator and U.S. Vice-President Hubert Humphrey will join the Consumer Financial Protection Bureau (CFPB) to head the Office of Older Americans. Hubert “Skip” Humphrey III served 16 years as Minnesota’s attorney general and most recently was head of the Minnesota AARP (American Association of …
gazettextra reports the covenants and zoning agreements established when an RV community was developed in the 1970’s have not been enforced. The original rules for Rock River Leisure Estates RV park in Edgerton, Wisconsin, state it is a vacation resort and does not allow permanent year-round living beyond nine months, …
RV Community Deals with Issue of Permanent Residency Read More
hqyellowknife reports from the Northwest Territories, Canada, Homes North is partnering with FSC Architects and Engineers to build 100 modular homes in the Kam Lake subdivision. The city administration is beginning to negotiate with Homes North on the project to be built near the North Slave Correctional Centre. In response …
The National Association of Home Builders (NAHB) reports that confidence among home builders for single-family dwellings rose four points to 18 on the NAHB/Wells Fargo Housing Market Index (HMI), the largest monthly increase since the tax credit program of April 2010. Based on builders’ perceptions of current home sales and …
Kjct8 reports from Grand Junction, Colo. that Philip Lochmiller, Jr., and Shawnee Carver were sentenced to federal prison for their role in a real estate Ponzi scheme that defrauded over 400 people of at least $30 million. Lochmiller is the son of Philip Lochmiller, Sr., who was convicted in July …
CNNMoney reports the Dow Jones Industrial Average rose nearly 300 points during the day to close at 11,577.05, up 180.05, a gain of 1.58 percent. The Yahoo! Finance Manufactured Housing Composite Value gained 3.42 percent to close at 725.70. Many housing stocks gained also, although some declined. Affiliated Managers Group …
menafn reports Equity Lifestyle Properties (ELS) of Chicago announced a third quarter loss as of Sept. 30 of 0.07 per share, or $2.9 million on a fully-diluted basis. The same quarter 2010 saw a net income of $11.6 million, or 0.37 per share on a fully-diluted basis. Net revenue for …
indystar reports two subsidiaries of Drew Industries, Inc., of New York announce their joint $4 million-plus expansion plan will mean 330 new jobs in Elkhart County, Indiana in 2012. Lipppert Components Manufacturing, Inc., of Goshen, and Kinro Manufacturing, Inc., of Middlebury, IN both manufacture components for the MH and RV …
MH Component Sister Companies Produce 330 New Jobs Read More
MHProNews mourns the passing in Hartford, CT of Kristian Jensen, Jr., a logtime MH industry member and ardent advocate. Kris, 78, was instrumental in building the family business as a teenager from a automobile dealership to the current Jensen’s Inc, which owns and manages 29 MHCs in eight states. Kris …
vcstar reports from Ventura County, California, the owner of a land lease community in Fillmore filed a lawsuit in U.S. District Court alleging the city is preventing her from converting the 55 and older community to for-sale condominium lots open to all buyers and ages. Nancy Watkins, owner of El …
