In the news from CNNMoney: College enrollment is dropping. The Central States Pension Fund will be insolvent in ten years without government money for 407,000 members. Can Egyptian tourism survive another airline disaster. VW gives 120,000 workers a 5 percent raise. British CEOs should take a 50 percent pay cut. […]
Patrick, Carlyle, Affiliated Managers Show Strong Gains in Today’s Session Read More
As latimes tells MHProNews, a triple-section manufactured home in Malibu’s Paradise Cove Mobile Home Park sold for $5.3 million, the most ever paid in the area. Listed for sale in March for $5.5 million, it was sold a year ago for $4 million. Pinnacle Estate Properties agent Elizabeth Seaman represented
Malibu Triple-section Manufactured Home Sets New $$ Record Read More
Setting the new high watermark for manufactured home community (MHC) sales in the Northwest, a multifamily advisory team from Colliers International Portland sold Summer Oaks MHC in Eugene, Oregon for $10.4 million, which translates to $102,000 per home site for the 102-site community. Last year, Colliers also engineered the sale
MH Community Breaks Record for $$ per Homesite Read More
Hotel 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
Oklahoma City to Have First Modular Hotel Read More
In the news from CNNMoney: Walmart soars 10% on good earnings report. TSA’s security logjam could be helped with explosive-sniffing dogs in the lines. Puerto Rico saved from economic ruin. 60 Minutes’ Morley Safer passes away days after watching a program devoted honoring him. Golfer Phil Mickelson will pay SEC
Drew only MH-related Stock to Gain in Today’s Session Read More
Drew Industries, Inc.’s Net profit for Q1 ending March 31, 2016 was $35.96 million as compared to the same period last year of $20.07 million. On May 17 MHProNews noted that the CEO of Drew Industries, Inc. (NYSE:DW), Jason Lippert sold 10,000 shares of Drew stock at $74.13 per share
Insider Trading: Drew Industries and UMH Properties Read More
While the original Oak Forest manufactured home community in Egg Harbor Townhship, in southern New Jersey had 158 home sites, current owner/developer Ralph Clayton received a use variance from the zoning board in 2007, and site preparation is now in progress for an additional 92 MH sites. The 54.62 acre
Oak Forest MH Community Expanding in New Jersey Read More
After four years of research and development, the Amsterdam collective Fiction Factory has developed a modular house made primarily of treated cardboard that is said to last 50 years, according to huhmagazine.co.uk. Designed for either homes or offices, the Wikkelhouse (roughly, ‘wrap house’) comes in tubular sections of about 43
Cardboard House Designed to Last 50 Years Read More
In the news from CNNMoney: If the economy stays on course, the Fed may raise interest rates this summer. T. J. Maxx to open thousands of new stores. Trump says there’s a tech bubble. $65 billion merger rolls Time Warner and Brighthouse into Charter cable company. Google takes on Siri
Patrick Ind. Gains +2.60 percent; NASDAQ Advances, Dow Slips Read More
The Yellowstone County Commission in Montana unanimously voted against a zone change request from residential tracts to residential manufactured homes (MH) on some 30 acres of vacant land outside Laurel, just south of Billings, but within the city’s zoning jurisdiction following neighborhood complaints against the proposal. Remonstrators allege the development
County Commissioners deny Request to Rezone Land for Manufactured Home Community Read More
MHProNews has learned from thecourier that the city council of Fostoria, Ohio approved legislation establishing new standards for manufactured homes (MH) sited in residential neighborhoods, outside of manufactured home communities. Under the new law, MH must resemble site-built homes, including being set on a foundation and with similar siding materials
Ohio City Sets New Standards for Manufactured Homes Outside MH Communities Read More
According to what wsj tells MHProNews, housing starts rose 6.6 percent in April over the previous month to a seasonally adjusted annual rate (SAAR) of 1,172 million units, indicating an uptick since a slow start in Q1. (It should be noted the 6.6 rise has a margin of error of
Housing Starts, Building Permits, pre-existing Home Sales Rise Read More
MHProNews has learned manufactured and modular housing builder Skyline Corp. will open a new factory in Elkhart, Indiana to produce affordable housing for markets in Indiana, Michigan and Illinois. “The opening of the Elkhart facility is in response to growing demand for our existing community partners,” said Skyline President and
Skyline Corp. adding Manufacturing Plant in Elkhart, IN Read More
In March, the Laramie (WY) City Council lifted the ban on the sale or transfer of mobile homes built prior to standards of the Department of Housing and Urban Development in 1976, as laramieboomerang informs MHProNews. In Dec. 2015 at issue was an ordinance restricting recreational vehicles (RVs) to no
City Council to Consider Checkerboarding of Manufactured Homes and RVs Read More
News continues arriving to MHProNews in the wake of modular builder Innovative Building Systems’ (IBS) sudden Chapter 7 bankruptcy, which we last covered May 16, 2016, as dailyitem reports 280 people at the Excel Homes plant in Liverpool, PA have lost their jobs, effective May 13. Begun in 1984, other
The Wake of IBS’/Excel Homes Bankruptcy Broadens Read More
A house built in 1775 in Hartford Village, Vermont was demolished last month, leading to calls for a new ordinance that would protect historic properties, as MHProNews has been informed by vnews. The house was built by Benjamin Wright, Jr., whose father was one of the founders of the town
Historic House Razed for Siting of Net Zero Modular Homes Read More
Updating a story MHProNews posted May 7, 2016 regarding the bankruptcy of Innovative Building Systems (IBS), which owns Keiser Homes of Oxford, Maine, modularhomecoach reports customers who have placed deposits on homes may be out of luck. Autumn Poulin put down a $20,000 deposit on a three-bedroom, 2-1/2 bath modular
Deposits on Modular Homes may be Lost in Bankruptcy Read More
In the news from CNNMoney: Saudi Arabia owns $117 billion of U. S. debt. Oil bankruptcies increase despite oil’s rise in price. Warren Buffett buys a stake in Apple. Bernie Sanders says financially-strapped Puerto Rico could leave U. S. Blazing fast internet speeds just around the corner. China’s DJI leading
Patrick Industries Outperforms other MH-Related Stocks 2nd Consecutive Day Read More
MHProNews has been informed by the RV/MH Heritage Foundation that Sally Miener has been chosen as vice president of marketing and development for the non-profit, according to CEO and president of the foundation, Darryl Searer. Miener has more than 24 years experience in a variety of management positions with Continental
Sally Miener Joins RV/MH Heritage Foundation as Vice President Marketing Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease
Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More
