January 2014

Water System on Tap for Co-operative?

Wed. night, Jan. 22 the Town Council in Derry, New Hampshire will discuss a grant proposal for water system improvements for the Centennial Estates Manufactured Housing Cooperative. The public hearing is one of three that will be held to discuss the proposal for the 57 site manufactured housing community (MHC), […]

Water System on Tap for Co-operative? Read More

Former Manufactured Housing Plant Bustling with Modular Workforce Units

Taking over a one-time manufactured housing plant in Johnstown, Colorado, PTI Group has converted the 113,000 square-foot facility to constructing modular workforce housing for the oil, gas and mining industries in Canada. Based in Alberta, Canada, PTI scouted 78 cities before choosing the Denver area because of the availability of

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Manufactured Housing Chassis Firm Firms-up Financing

Following up on a story MHProNews posted Jan. 31, 2013, regarding $125,000 in seed money received by Wolfpack Chassis from Elevate Ventures’ Indiana Angel Network Fund (IANF), the Kendallville, IN-based company announces the completion of a $625,000 round of financing. Wolfpack manufactures chassis and chassis components for the manufactured housing

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Statistcial Surveys Report on Manufactured Housing 2013 vs. 2012

I spoke with Tim Dewitt with the Michigan association concerning the attached National retail numbers and the excellent Growth the industry has experienced . The report was updated today and with the Show next week we agreed that it would be great to break these numbers to the industry. We are unsure

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Clayton-Bradley Academy Adding Classrooms Ahead of Schedule

As follow-up to a story MHProNews last posted May 22, 2013, the Clayton-Bradley Academy, which opened on the grounds of Clayton Homes in July, has announced plans to add four classrooms to the school which currently serves 78 tuition students. Dr. Don Bruce, chairman of the nonprofit organization Innovative Education

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Modular Accommodations Supplier Declares Monthly Dividend

Black Diamond Structures of Calgary, Alberta, Canada, which rents and sells remote workforce housing and modular workspace solution, has announced it will pay a dividend of $0.075 per share for January, 2014. The company’s board of directors reports the dividend will be paid on February 18, 2014 to shareholders of

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Patrick Ind. Notches Top Gain, while Louisiana Pacific Falls

Investors were disappointed by the drop in housing starts and building permits in December as they digested a bundle of economic reports from private industry. CNNMoney reports the Dow Jones Industrial Average managed a gain of 41.55 points, +0.25 percent, to end the week at 16,458.56. Meanwhile, the Nasdaq dropped

Patrick Ind. Notches Top Gain, while Louisiana Pacific Falls Read More

Overall Housing Production Drops in December

The National Association of Home Builders (NAHB) reports housing production fell 9.8 percent in December to a seasonally-adjusted annual rate (SAAR) of 999,000 units following a gain in housing starts in November. The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau say single-family housing starts fell

Overall Housing Production Drops in December Read More

Axle & Tire Company Rolling Forward Once Again

TJT Inc. (OTC Markets: AXLE) reports a net profit of $75,815, $.02 per diluted share for the first quarter of fiscal year 2014, as compared to a net loss of $302,189 for the same quarter in the previous year. According to marketwatch.com net sales for Q1 2014 increased 90 percent

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Freddie Mac: Housing Market is Steadily Returning

The latest Freddie Mac Economic and Housing Market Outlook shows the housing market moving in a positive direction. Frank Nothaft, Freddie Mac’s vice president and chief economist, says “As we start 2014, the housing recovery continues its steady pace. House-price gains will likely moderate from last year’s pace but rise

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Modular Man Camp on Hold

The Billings County Fryburg School in western North Dakota was sold for almost $500,000 to Louisiana-based Energy Resource Group for a man camp for the Bakken oil field workers, but the company never followed through. The bismarcktribune.com reports an Alabama-based company, Bakken Suites of Fryburg, has more recently filed a

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Manufactured Homes Siting on Agenda

The Magnolia (Arkansas) Planning Commission will deal with the placement of several manufactured homes at its next meeting on Mon., Jan. 20, 2014. As magnoliareporter.com informs MHProNews, Aaron Thomas and Shari Palmucci have each requested a variance to site a manufactured home in an R2 zone (single-family homes and duplexes).

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Patrick Edges Up; Dow, S&P Nudge Down

Investors were disappointed by Citigroup and Best Buys’ poor earnings, and J. C.Penney’s decision to close 33 stores, dropping the Dow Jones Industrial Average -64.93 points, -0.39 percent, to close at 16,417.01. CNNMoney reports the Nasdaq nudged up +0.09 percent, +3.81 points, to finish at 4,218.69, while the S&P slid

Patrick Edges Up; Dow, S&P Nudge Down Read More

Modular Home Manufacturing Plant to Close

Champion Homes will close its Carolina Building Solution plant in Salisbury, North Carolina in March, and consolidate it with its facility in Lillington, NC 80 miles to the east. Some of the 93 employees may relocate to Lillington depending upon how many are needed, but Salisbury Plant Manager Jeff Mooring

Modular Home Manufacturing Plant to Close Read More

Housing Market Index Falls One Point, but Still Above 50

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for newly built, single-family homes fell one point to 56 in January. Rising home prices, historically low mortgage rates and significant pent-up demand will drive a continuing, gradual recovery in the year

Housing Market Index Falls One Point, but Still Above 50 Read More

Modular Townhomes will Replace Housing Project

Livingston Manor at the southern edge of the Catskill Mountains in New York has won a $1.8 million grant to replace an affordable housing project with 27 two-bedroom and 33 three-bedroom modular townhomes, according to recordonline.com. Utilizing federal and state low-income housing tax credits, funding for the 60 unit Hemlock

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Universal Forest Products Acquires Insulation Producer

One of the subsidiaries of Universal Forest Products, Inc. (NASDAQ:UFPI) has agreed to purchase the assets of National Fiber, a manufacturer of environmentally sound cellulose insulation serving clients in the Northeastern U. S. Located in Belchertown, Massachusetts, National Fiber also sells special machines required to install the insulation, and offers

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Affiliated Managers Group Advances; S&P Marks New High as Dow, Nasdaq Gain

Solid economic reports and strong bank earnings spurred the S&P to a new record high in today’s trading as the Dow advanced over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +108.08 points, +0.66 percent, to close at 16,481.94. The Nasdaq moved up +0.76 percent, +31.86 points, to

Affiliated Managers Group Advances; S&P Marks New High as Dow, Nasdaq Gain Read More

Modular Home Includes Disaster-Resistant Space

An 80,000 lb. concrete monolith portion of a home developed by Jacksonville, Florida-based Montenero U. S. has been installed in Moore, Oklahoma, the site of a devastating tornado May 20, 2013. Comprising almost a third of the 1,885 square-foot house’s structural support, newsok.com informs MHProNews.com the shell will provide an

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