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.
BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since […]
Modular Manufacturer Hangs up the Hammers Read More
MHProNews has received press releases and statements/reports from and about the National Fire Protection Agency (NFPA) on the topic of fire safety in HUD Code manufactured housing. The differing press releases from MHI and MHARR are closely tied with the subject of fire sprinklers, preemption and the very nature
Sparks fly on NFPA Report on Fires and Manufactured Homes: We provide, You decide Read More
CNNMoney reports a nearly 340 point jump in the Dow on the announcement that the European Union had agreed on a debt deal. The Dow Jones Industrial Average soared +339.44 (+2.86%) to close at 12,876, now in positive territory for the year, at +5.45%. The Yahoo! Finance Manufactured Housing Composite Value
Palm Harbor Roars, Manufactured Housing out soars, Dow rose on a big day for market gains Read More
The switchover from the current website format of MHProNews.com (a.k.a. MHMSM.com) to the long anticipated new one will begin Saturday evening at 11 PM Central Time. While many of the changes are technical ones that only a web-pro will notice, regular visitors will see dozens of new features and a
The Future of Manufactured Housing News starts this weekend! Read More
In a follow up to a story published on MHProNews August 17th, BlueRidgeNow reports that 55 year old Roger Leon King plead guilty to 7 counts of obtaining property by false pretenses, totaling more than $290,000. Arrested in August on 2 counts, King was charged with five additional counts in
Following up on a story we initially published March 17, 2011, MiamiHerald reports a multitude of homeowners in South Florida have filed separate legal claims against a German producer of Chinese drywall and the local distributor, alleging the drywall contains toxins that can cause breathing problems, emit foul odors, and
Toxic Chinese Drywall Suit Plasters Miami Court Read More
MHProNews has learned that SABIC Innovative Plastics and construction supply firm Meccano de Mexico developed one-piece, reusable concrete forms made from SABIC’s LNP Verton long glass fiber reinforced thermoplastic composite. The corrosion-resistant composite forms developed by SABIC and Meccano de Mexico replace heavy multi-piece steel forms. They are used to
Companies team up for new panelized building process Read More
MHProNews is continuing our follow up in the search for a replacement at the Manufactured Housing Institute (MHI) for the departing association president, Thayer Long. For a variety of reasons, including protecting sensitive sources of information, MHProNews has previously named 5 potential candidates who were named by various sources for
Update on Thayer Long’s replacement at the Manufactured Housing Institute Read More
CNNMoney reports the Dow Jones Industrial Average, after dipping and diving during the day, finally gained 162.42 points to close at 11,869.04, a gain of 1.39 percent, as investors sensed a bailout deal was near in the European debt crisis. The Yahoo! Finance Manufactured Housing Composite Value was up 2.89
Dow Lands on Positive Ground; Housing Stocks Improve also Read More
Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and
Warren Supports Occupy Wall Street Read More
MHProNews has learned that the U.S. Commerce Department reports newly-built, single-family home sales rose 5.7 percent in September, recording their best growth in five months, to a seasonally-adjusted rate of 313,000 units. “The improved rate of new-home sales in September is on par with NAHB’s forecast for the overall number
Growth in New Single-Family Home Sales Read More
Bloomberg reports the U.S. Census Bureau says manufactured housing shipments rose to a seasonally-adjusted rate of 49,000 in August, up two thousand units from July 2011. Placements rose from 43,000 to 44,000 for the same period, and dealer inventory held steady at a seasonally-adjusted rate of 21,000. The average sale
MH Shipments Increase for August Read More
MankatoFreePress reports a unique program to rid St. Peter, Minnesota, of pre-HUD Code manufactured homes will be expanded to include properties in two additional land lease communities (LLCs) in town–Summit and Mar Wey. The program began last winter in the Green Valley community, where four homes have been razed and
Incentives to Replace pre-HUD Code Homes, Rehab Newer Ones Read More
CNNMoney reports the Dow Jones Industrial Average fell 207 points during the day to close at 11,706.62, a loss of -1.74 percent, as jittery investors responded to falling financial stocks and concern over the proposed meeting tomorrow of European heads of state trying to iron out the region’s debt problems.
Dow Descends Again, Pulling Housing Down Read More
MHProNews has learned that the National Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) bestowed 23 achievement awards to leading manufacturers and builders in the systems-built industry with the 2012 Jerry Rouleau Awards for Excellence in Marketing and Home Design. The BSC awards were renamed to
NAHB renames 2012 Systems-building award to honor Jerry Rouleau, winners announced Read More
MHProNews has learned the third quarter 2011 results for Sun Communities, Inc. Sun (SUI) is a real estate investment trust (REIT) that owns and operates manufactured housing and recreational vehicle communities. Sun’s highlights include Adjusted Funds from Operations (“AFFO”)(1) excluding certain items described in this release was $0.75 per diluted
Sun Communities announces third quarter 2011 results Read More
CitizensVoice reports that Dave Valenti, owner of Wyoming Homes, says sales are up in Plains Township, so he is expanding and adding 10 new employees, including truck drivers, sales people and laborers. Valenti also plans to open another sales location and a warehouse center on outside Pottsville in early 2012
PA Retailer expanding, with another planned expansion to follow Read More
HeraldTribune reports that the the market for acquiring manufactured home communities in Florida has heated up. While the economic downturn has driven conventional housing prices down, making them more affordable, incomes are also down. This makes manufactured home communities more appealing. Recently, Equity LifeStyle Properties (ELS) bought the nearly 300
Manufactured Home Community sales heat up in Southwest Florida Read More
Mortgageorb reports that Fitch Ratings revised loss expectations on 143 U.S. manufactured home residential mortgage-backed securities (RMBS) transactions. Fitch says collateral performance has generally remained stable over the last year. Performance stability is attributed to consistent servicing practices and the seasoning of the assets. Some 95% of the transactions reviewed
HousingWire reports Campbell/Inside Mortgage Finance says over the last month, the time required to approve a mortgage grew from 30 days to between 45 and 60 days. The company’s Housing Pulse survey states lenders are having to spend more time dealing with mortgage refinancing. Appraisal issues with property damage on
Applying for a Mortgage? Be Patient Read More
