News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
A new home construction technology on the drawing boards is building blocks with microbial fuel cells (MFC) embedded in the blocks that can turn waste into electricity, joining the growing list of “smart” items in the marketplace. “Microbial fuel cells are energy transducers that exploit the metabolic activity of the […]
“Smart” Blocks Will Transform Our Lives-a/k/a Redefining ‘Blockhead’ Read More
Component supplier to the manufactured home and recreational vehicle industries, Patrick Industries, Inc. has finalized the acquisition of BH Electronics, Inc. (BHE) of Munford, Tennessee, according to what prnewswire tells MHProNews. From five facilities in the southeast, BHE designs and produces custom thermoformed dash board and console assemblies, as well
Patrick Completes Acquisition of BHE, another Thermoformed Producer Read More
The new featured articles for MHProNews will begin to go live later today, on August 1. Because of the size of this issue, new articles will continue to be added to the featured articles module until completed, which is expected to be August 2, 2016. A new Cup of Coffee with…
An American August in MHVille – New Feature Articles Alert Read More
With some 285 homes torched in the Erskine Fire in the Kern River Valley, in Calif., near Bakersfield, the Federal Emergency Management Agency (FEMA) is set to bring in 71 manufactured housing units (MHUs) to be used by survivors of the wildfire that has burned over 52 square miles. The
FEMA Providing Manufactured Homes for CA Wildfire Victims Read More
What’s New in public focused Manufactured HomeLivingNews.com NIMBYism? Debunking Myths About Manufactured Home Communities (aka ‘Mobile Home Parks’) What’s New in Manufactured Housing Industry Professional News FEMA moving manufactured homes into four W. VA. Counties. CFPB proposes clarification of Know Before You Owe. Patrick’s revenues rise 35%. Sun’s stock projected
Sunday Morning Recap-Manufactured Housing Industry News July 24-July 31, 2016 Read More
In an attempt to provide more clarity to lenders on the Consumer Financial Protection Bureau(CFPC)’s “Know Before You Owe” mortgage disclosure rule, the agency has proposed “additional tolerance provisions, clarified a partial exemption for housing finance agencies, extended the rule’s coverage to all cooperative units, and provided more clarity
CFPB Tries to Clarify Know Before You Owe, but Lenders Still See Glitch Read More
Patrick Industries, Inc., a component supplier to the manufactured housing (MH) and recreational vehicle (RV) industries, reported a 35 percent increase in net sales for Q2 2016 over the same period of 2015, $233.5 million to $315.2 million. While the increase was mostly attributable to a 33% rise in the
Patrick’s Sales Rise 35% in Q2; NOI Increases 37% Read More
Following a story MHProNews last posted July 18, 2016 regarding the devastating flooding in West Virginia and the Federal Emergency Management Agency’s (FEMA) attempts to find housing for the displaced, a Temporary Housing Authorization Memo was issued July 5 authorizing Greenbrier and Kanawha Counties to receive Manufactured Housing Units (MHUs).
FEMA Moving Manufactured Homes into two Additional West Virginia Counties Read More
Chris Nicely, CEO of Next Step Network, a nonprofit supporter of affordable housing based in Louisville, KY, is one of 50 national leaders to have been chosen to participate in NeighborWorks Achieving Excellence Program, conducted at the Kennedy School of Government at Harvard university. Partly funded by the JPMorgan Chase
NeighborWorks Achieving Excellence Program Teaches Leadership Read More
In the news from CNNMoney: U. S. economy grew only one percent in first half of 2016, well below the 2.4 percent growth last year. Florida’s tourism could be hurt by threat of Zika virus. Microsoft cutting 2,850 more jobs. Exxon profits fall 59 percent to 17-year lows. Moodys says
Carlyle Group Leads Gainers; MHCV Slips to 1380.4 Read More
As the stock of Sun Communities, Inc. (NYSE:SUI) reached a new 52-week high on Wed., July 28 of $77.90, it has a forecasted target of $130.09, a 67 percent increase over today’s closing, a value that would increase the worth by $3.56 billion, giving it a total value of $8.88
Sun Communities Stock hits New High, but Projected Higher Read More
Fastbrick Robotics in Perth, Australia has developed a robotic arm that can lay brick at the rate of 225 standard bricks an hour, the equivalent of half a day’s work for a top human bricklayer. It is a form of 3D printing, creating the shell of a house without human
Robotic Bricklayer Lays 225 Bricks/Hour. On Tap: 1000 Bricks/Hour Read More
The Environmental Protection Agency (EPA) is prepared to publish the final rule for national formaldehyde standards for composite wood products like particle board, hardwood plywood and MDF board (medium-density fiberboard), as the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews. The final EPA standards are important for manufactured housing
MHARR Braces for EPA’s New Formaldehyde Ruling Read More
According to the Morning Consult Poll, buying a home remains a top priority for an overwhelming majority of Americans, according to what thehill tells MHProNews. Further, the National Association of Home Builders (NAHB) reports 82 percent of respondents feel owning a home is still a good investment. “The survey shows
Desire for Home Ownership Remains Strong Read More
MHProNews has learned from businesstimes.sg that construction company BBR Holdings has secured a S$57.6 million ($77.9M USD) contract to supply four blocks of modular housing along Upper Aljunied Road in Singapore. The company detailed this after trading ended Tuesday in a filing to the Singapore Exchange. Through its wholly owned
Singapore Building Four Blocks of Modular Housing Read More
In the news from CNNMoney: Ford waves a caution flag on American car sales. Chipotle will now make burgers. Chicago TV news anchor quits to drive Lyft full time. One third of Monaco’s residents are millionaires. Whole Foods struggles to get back on its feet. Argentina is the next hot
NorthStar Tops MH-related Gainers; UFPI Slips -0.99 Percent Read More
The glitz and glamor that attach to an ownership interest in businesses such as hotels, a race track or a small chain of upscale restaurants suddenly tarnishes for some when the investment being considered is manufactured home communities (MHCs). While many think of them as “mobile home parks,” or in
While Negative Perceptions of MH Persist, the Industry Grows says Seeking Alpha Read More
The National Association of Realtors (NAR) informs MHProNews June’s Pending Home Sales Index rose slightly from May, and now is at 111, its 26th consecutive month of reading above 100, the baseline used from 2001 when the index began. Any number above 100 means that homes are going to contract
Pending Home Sales Index Inches Up in June Read More
The owners of a manufactured home community in Allegheny County, Pennsylvania have been sued by the state attorney general for engaging in unlawful and deceptive business practices. According to akvnews, the civil lawsuit alleges violations of the Manufactured Home Community Rights Act, and the Unfair Trade Practices and Consumer Protection
Pennsylvania MH Community Owner Sued for not Paying Relocation Costs Read More
Six Amish-built tiny homes, each 96 square feet, have arrived in Muncie, Indiana to house the homeless, according to what thestarpress tells MHProNews. “It’s going to let us reach a population that no one has been able to serve yet,” said Susie Kemp, director of the non-profit Bridges Community Services.
Tiny Homes Arrive in Muncie, IN to House Homeless Read More
