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Posts Tagged ‘oklahoma city’

Oklahoma City to Have First Modular Hotel

May 20th, 2016 Comments off

Oklahoma_city__modular_AC_Hotel__modularhomecoach__creditHotel development and management firm Newcrestimage is partnering with Guerdon Modular Buildings to construct a 142-room AC Hotel Bricktown in Oklahoma City, reports modularhomecoach to MHProNews.

The first floor of the building will be conventional construction, followed by four floors of 81 modules built by Guerdon at their plant in Boise, Idaho, and trucked over and lifted by cranes into place, beginning in Oct. 2016.

All rooms and finishes will be done according to AC Hotel specifications reflecting stylish, European-inspired accommodations. This will be the city’s first modular built hotel, and contributes to the revival of the Bricktown neighborhood. The hotel is set to open June 2017.

Newcrestimage is known for developing distinctive hotels, which it builds and manages out of its headquarters in Dallas. The privately-owned firm owns and operates 19 properties, with another dozen hotels in some stage of building.

Guerdon develops large scale modular construction projects and multifamily housing in the western U. S. and Canada. ##

(Image credit: modularhomecoach–AC Hotel Bricktown, Oklahoma City)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Senator Elizabeth Warren Flipped Houses

May 29th, 2015 Comments off

Elizabeth_Warren__wikipediaAccording to housingwire, the Oklahoma County Property Assessor records indicate leading progressive Democrat Elizabeth Warren allegedly took advantage of a housing market transaction that many do and have done, and one she purportedly condemns—flipping houses. She purchased a home for $30,000 in Oklahoma City in he early 1990s, and five months later sold it for a $115,000 profit.

MHPronews has learned from nationalreview that the heirs of the woman who sold Warren the house now question why the price was so low. Nevertheless, Warren later bought and sold four additional houses in OK and sold them for a profit.

Much later she helped craft the Consumer Financial Protection Bureau (CFPB) to protect the little guy from the barons of banking and predatory lending, and would now likely condemn house flipping. Her 2014 memoir, A Fighting Chance, documents her rise from humble beginnings to Assistant to the President and Special Advisor to the Secretary of the Treasurer for the CFPB.

She also voted against The Preserving Access to Manufactured Housing Act as a member of the Senate Banking Committee. ##

(Photo credit: Wikipedia commons-Sen. Elizabeth Warren)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Passages: LaDonna Smith

March 25th, 2015 Comments off

LaDonna_Smith_obit_March_2015__legacyLaDonna Sue Smith, wife of Stephen Smith of Oklahoma City, Oklahoma passed away suddenly March 20, 2015. An innovative hairdresser, LaDonna was a Bible study leader, involved in prison ministry, and sang in a band called AudioSilver. Her husband, Stephen, is vice-president of Durham Supply, a leader in the manufactured housing industry and longtime supporter of the Manufactured Housing Association of Oklahoma (MHAO). MHProNews sends its deepest condolences to the Smith family. ##

(Photo credit: legacy)

   matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Five U. S. Cities with Expected Top Housing Market Growth

December 30th, 2013 Comments off

CNNMoney has selected several cities where the housing market looks brighter than in other cities for the coming year. Oklahoma City has an unemployment rate of just 5.3 percent as of Nov., 2013, and home values have declined a mere one percent since 2009. Trulia reports 75 percent of homes that are for sale are accessible to homebuyers of middle-income means.
With a limited amount of available land, Seattle is expected to become a hot market next year. Although it was hit hard by the recession, home prices have rebounded and the area has recovered more quickly from record foreclosures than other metro areas. Additionally, job growth has been stronger than in most U. S. cities.
Home to high-tech firms and several top-notch universities, the population of Raleigh, North Carolina grew from 2009 to 2012 at an annualized rate of 2.3 percent, ranking second among the top ten metropolitan areas with the largest population growth. Trulia reports 69 percent of the homes for sale are affordable to middle-income Americans, as MHProNews has been informed.
Having spent $623 million on a downtown convention center complex, Nashville, Tennessee has been chosen by both The New York Times and Trulia as having a burgeoning housing market. According to the Greater Nashville Association of Realtors, closings rose 18.9 percent in the past year, and the median price for a single family home increased to $195,000 from $179,900 during the year.
Finally, both Zillow and Trulia have chosen Salt Lake City as a burgeoning housing market because Utah’s unemployment rate in October was 4.6 percent, one of the lowest in the country, and well below the seven percent national rate.

(Image credit: etftrends.com)

Homemownership Declining

November 29th, 2013 Comments off

Noting that Oklahoma City is the only larger metro area with a stable homeownership, HousingWire suggests that rural areas may be the next move to find affordable homes. Homeownership in New York is 53.9 percent, while in West Virginia, where the median home value is $98,300, it is 72.9 percent. The District of Columbia has the lowest rate at 41.6 percent, according to Census data. Median home values remained steady in smaller counties while they fell in 43 of the largest 50 larger counties, as indicated in the Nov. report. MHProNews has learned of the 50 largest metro areas in terms of population, 49 saw decreases in homeownership.

(Image credit: FotoSearch)

 

Index Notes Uptick in Housing Market

October 8th, 2013 Comments off

The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI) reports 52 out of 350 housing markets have returned to pre-recessionary levels of activity. Based on current housing permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity. MHProNews has learned Baton Rouge, LA, Honolulu, Austin and Houston, Texas, Oklahoma City and Harrisburg, PA top the list in exceeding previous norms. “The housing markets of 118 metros scored by the LMI this month show activity levels of at least 90 percent of their previous norms – a very encouraging sign of things to come,” said Kurt Pfotenhauer, vice chairman of First American Title Insurance Co., which co-sponsors the LMI report.

(Photo credit: Fotosearch)

Criminal charges demanded against bankrupt MH Dealer

August 29th, 2013 Comments off

A bankrupt Wheeler Rental and Mobile Home Sales have about a dozen customers hopping mad, with some demanding criminal charges. Oklahoma City’s KFOR told MHProNews that Jerry and Lisa White signed a check to Wheeler to purchase a bigger home for the three grandchildren they adopted. “We want to make a good environment for these children only to have the rug pulled from under us by people like this,” said White, a former lawman. Wheeler filed for Chapter 11, but White said, “I believe they had the intent to steal it. If they don’t want to refund our money, we need to do everything we can to see about getting criminal charges filed. I think they have the money to pay us.” Meanwhile, some ‘do good’ manufactured home industry professionals are seeking to mitigate the losses of alleged victims, by helping them get what they paid for, even though those pros won’t profit from the effort. MHProNews plans to track this Sooner state story. ##

(Image credit: KFOR News)

Oklahoma Prepares for Factory-built Subdivision

May 29th, 2013 Comments off

Woodward County Commissioners in Woodward, Okla. are moving forward on a zoning request change for a subdivision comprised of 36 one-acre lots for manufactured and modular housing as well as for stick-built homes. A public hearing is set for June 10 at a regularly scheduled county commissioners meeting for those with concerns to be heard, according to woodwardnews. As MHProNews has learned, Woodward is in the northwest area of the state near the panhandle.

(Photo credit: Pine Grove Manufactured Homes)

Icon Delivers Modular Classrooms

July 18th, 2012 Comments off

From its manufacturing plant in Durant, Oklahoma, Icon Construction has completed the delivery of five modular classroom buildings and the relocation of five previously sited modular classrooms in Anadarko, OK at Riverside Indian School southwest of Oklahoma City. From timesunion, MHProNews has learned Riverside is the nation’s oldest federally operated Native American boarding school, having begun in 1871 now serving students from dozens of Indian nations grades 4-12. Icon has provided modular buildings for the Bureau of Indian Affairs in New Mexico, Arizona, the Dakotas, and Oklahoma, and is the only SBA 8(a), HUBZone, Veteran and Native American owned manufacturer of modular buildings in the U.S. The project included site preparation, utilities, a parking lot, and a playground.

(Photo credit: PRWeb)

Attention Shoppers: The Time to Buy is Nigh

March 26th, 2012 Comments off

In an rent vs. buy index of the 100 largest metropolitan areas in the nation, Trulia has determined it is a wiser decision to buy in 98 of them. The top ten cities where buying a home is a better deal: Detroit, Oklahoma City, Dayton Ohio, Warren-Troy-Farmington Hills Michigan, Toledo Ohio, Grand Rapids Michigan, Cleveland, Atlanta, Gary Indiana, and Memphis. The top ten where renting is smarter: Honolulu, San Francisco, New York City, San Jose California, Orange County CA, Los Angeles, San Diego, Colorado Springs CO, Boston, and Albuquerque NM. Trulia compares neighborhoods and properties, and then calculates the ratio between asking prices for rentals and for-sale homes to arrive at its conclusion. Based in San Francisco, Trulia tells MHProNews.com it  collects information and maintains unique files on desireable places to live through its many contacts with real estate professionals.

(Photo credit: Getty Images)