Posts Tagged ‘MPR’

NBC News Today Show report shows Manufactured Home did as well as Conventional On-site Construction in hurricane high winds test

July 23rd, 2014 Comments off

homes-vs-hurricane12-winds-test-credit=nbc-today-show-posted-mastheadblog-mhpronews-com-Regarding this previous portion of the test, IBHS indicated: “When one of these high wind-rated HUD-Code homes is installed on a permanent foundation, in most of the country, it would end up resisting wind storms better than surrounding site-built homes.”

So stated a MHI President and CEO, Richard “Dick” Jennison in a longer report to MHProNews. While part of the test was to show how superior a Wind Zone III home is to a standard HUD Code manufactured home in durability, Jennison said: the director of the IBHS (Julie Rochman, President) told the crowd how impressed she was at the performance of the Zone I home itself.”

MHProNews has been told that we will have additional information in the days ahead. More information on the specifics including stills and the video are found at this link, and a pre-broadcast report that provides more information and a related video is linked here. ##

(Image credit: NBC News Today Show)

Higher Mortgage Rates Cause Pause, may Fuel more Home Sales soon

August 26th, 2013 Comments off

nahb-2-logo-posted-daily-business-news-manufactured-home-marketing-sales-management-mhpronews-com-The National Association of Home Builders (NAHB) tells MHProNews that sales of newly built, single family homes declined in July 13.4%, to a seasonally adjusted annual rate (SAAR) of 394,000 units. “The drop-off in sales in July is in part a reflection of buyers’ reaction to the recent uptick in mortgage rates as people reassess their budgets to determine how much house they can afford,” said Rick Judson, chairman of the NAHB. NAHB Chief Economist David Crowe said, “However, there is still a great deal of pent-up demand for homes in markets nationwide, and builders continue to report improving consumer interest. This suggests that what we’re seeing is a temporary pause, and that buyers will return to the market once they are confident that the higher mortgage rates are here to stay.” ##

(Image Credit: NAHB Logo)

Glowing MH Industry C-Suite Interviews

June 21st, 2013 Comments off

cup-of-coffee-ani-150x150-The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn yield an improved understanding and respect for the MH Industry at large by investors, professionals or researchers who also find and read the popular “A Cup of Coffee with…” (Cuppa) series of interviews our online trade media publishes.

Among the interviews that are up and coming will be A Cup of Coffee with…Tim Williams, CEO of 21st Mortgage Corp. Currently featured interviews with Equity Lifestyle Properties (ELS) CEO, Marguerite Nader and Cavco Industries Chairman, Joe Stegmayer are hot reads which have boosted readership in other news, commentary and featured articles on the MHProNews website.
Previous interview articles can also be accessed. These include award winning manufactured housing retailer Mike Evans, MHCommunities movers and shakers Randy Rowe and Sam Landy, industry lenders such as Triad’s Don Glisson Jr. or First Guarantee Mortgage’s Andrew Peters, elected officials such as Joe Donnelly, association leaders and dozens of others found at the Cuppa link. Readership here currently averages over 6000 daily – imagine that as being more than attend the Louisville and Tunica trade shows, plus MHI’s annual Congress and Expo – combined. That’s over 150,000 visits and some 1.4 million page views monthly, far and away the most for all the major industry news sources combined. ##

Minnesota lumber biz walloped by housing downturn

September 2nd, 2011 Comments off

Jack Wallingford Norbord MN MPRMPR reports that the Norbord plant west of Bemidji is the last of the four oriented strand board facilities operating in Northern Minnesota. Jack Wallingford, the plant’s general manager, said they are struggling to keep jobs for some 140 employees, loggers and haulers.  “We’ve been successful in that regard,” Wallingford said. “Past that, it’s been a rough stretch.” Timber is a $17 billion dollar industry in Minnesota. But the anemic housing market put segments of the industry on life support. Timber economists estimate Minnesota lost more than 5,000 timber-related jobs, including about 600 logging and hauling jobs.  Rajala Companies, a wood products producer in Big Fork and Deer River, trimmed its workforce from 300 to 70, vice president John Rajala said. “It’s horrible,” Rajal said. “…we’re in complete survival mode.” Paper is a bright spot for the timber industry, doing relatively well.  Don Deckard, an economist with the department’s forestry division, said that while new bio-businesses in some states are getting big federal grants to develop their industries, that’s not happening in Minnesota. “Wisconsin is getting it, Michigan is getting it. Ontario is getting it. But we’re not,” he said. “We’re not getting anything. Nothing is moving. It’s a very frustrating situation.”  Home building in the United States dropped nearly 75 percent from a peak of about two million homes in 2005. Economists predict new housing starts won’t hit the one million mark again until 2013.

(Photo credit: MPR)