Falling U.S. Market Pulls MH Stocks Down

All three indexes lost under one percent as investors sold off near the end of the trading day, worrying about the continuing debt crisis in Europe and falling oil prices. CNNMoney tells us the Dow Jones Industrial Average lost -77.42 points, -0.62%, to close at 12,496.38. The Nasdaq fell -0.86 percent to 2,818.61, while the [...]

Daily Business News Briefs

Manufactured Home Taxes Now Payable Online

The Vinton County Treasurer’s Office in McArthur, Ohio reports taxpayers can now pay real estate and manufactured home taxes online. “The online payment system offers added convenience for the taxpayer and streamlines the process of collecting taxes. I hope that in time it decreases wait time for those taxpayers who choose to come to the [...

19 Jun 2013

$33,000 in Scholarships Awarded by First State Manufactured Housing Association

As follow-up to a story we published June 17 concerning First State Manufactured Housing Association scholarships, MHProNews has learned First State of Delaware has awarded $33,000 in scholarships to 30 recipients since 1999. Eligible candidates are judged on their scholastic record, financial need, an essay and personal/professional...

19 Jun 2013

Canadian Development may Include Manufactured Housing

A fifteen acre parcel of land in Kings County, Nova Scotia, Canada has been approved for retail and residential development, as the Kings County Council voted unanimously to give the second and final reading to the rezoning proposal for the property in Kentville. The redevelopment by Kent Building Supplies Limited would include a new retail [...]...

18 Jun 2013

Housing starts increased 6.8 percent in May to a seasonally-adjusted annual rate of 914,000 units due to a jump in multifamily construction. Single-family production remained steady at 599,000 homes, but multifamily activity grew 21.6 percent to 315,000 units. Regionally, the South posted a gain of 17.8 percent in combined starts and the West a...

18 Jun 2013

Most Tracked Housing Stocks Advance, as do the Three Major Indexes

All three indexes advanced, with the Dow moving up over 120 points, as inflation remains low and housing starts increase, despite concerns of what the Federal Reserve may reveal Wed., June 19, about possibly tapering the quantitative easing. CNNMoney reports the Dow Jones Industrial Average gained +0.91 percent, +138.38 points, to end the day at...

18 Jun 2013

Improving Manufactured Housing’s Image to Increase Sales

With image being a key component to selling more manufactured homes to cash and credit worthy buyers, that may explain the growing daily commentary in favor of the start of the ManufacturedHomeLivingNews.com image campaign. Nancy Geer, Executive Director of the New York Housing Association said: “Manufactured Home Living Website is a great r...

18 Jun 2013

Portfolio of Manufactured Housing Communities Changes Hands

Birmingham, Mich. based Q10 l Lutz Financial Services has arranged $108 million for the acquisition of a portfolio including 47 manufactured housing properties and three apartments. Neither the seller nor the buyer nor the number of homesites were identified by Lutz, a commercial real estate financial services firm. As nreionline tells MHProNews,...

18 Jun 2013

The transportation package that was passed by the Virginia General Assembly and signed into law by Governor Bob McDonnell includes tax increases that go into effect July 1, 2013. The titling tax for manufactured homes remains at $10, but the retail sales and use tax, which covers modular homes, will increase from five percent state [...]...

18 Jun 2013

Emergency Modular Housing May Go to Oklahoma

MODS International Marketing of Appleton, WI is set to deliver shipping containers converted into modular housing for the tornado victims in OK. MODS (Modular On Demand Structures) specializes in providing emergency housing for long and short term. The units arrive fully furnished, as MHProNews has learned from newson6.com. Costing $40,000 each,...

18 Jun 2013

New Executive Director for Alabama Manufactured Housing Association Announced

The Alabama Manufactured Housing Association (AMHA) has announced the decision of their board of directors to promote Doris Hydrick to the position of Executive Director as of July 1, 2013. Ms. Hydrick served as assistant director for 16 years, with responsibility for planning meetings, education seminars, and regulatory matters, and was also...

18 Jun 2013

Housing Market Index Posts Largest Gain in over Ten Years

For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a survey the NAHB has been...

17 Jun 2013