Manufactured and Modular Housing News

Insiders Busy Trading Patrick Industries as it Joins S&P SmallCap 600 Read More

Insiders Busy Trading Patrick Industries as it Joins S&P SmallCap 600

By Matthew Silver / August 17, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

In insider trading at Patrick Industries, Inc. (NASDAQ:PATK), Capital Partners L. P. Tontine, Director sold $1,781,470 worth of company shares at an average price of $61.43 on August 12th, and now holds $75,647,298 of stock per an SEC filing on Aug. 16, according to fidaily. Director Walter E. Wells owns

FEMA’s Manufactured Home Units Likely Heading to Louisiana Read More

FEMA’s Manufactured Home Units Likely Heading to Louisiana

By Matthew Silver / August 17, 2016 / Manufactured and Modular Housing News, Manufactured Homes

The Federal Emergency Management Agency (FEMA) will begin determining how it may address the thousands of people who have been flooded out of their homes, according to theadvocate. With 20 parishes having been included in the federal disaster declaration, 40,000 homes have been damaged in the rising tide of floodwaters

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Patrick Industries Biggest Gainer amidst Manufactured Housing CompValue slip Read More

Patrick Industries Biggest Gainer amidst Manufactured Housing CompValue slip

By MHProNews / August 17, 2016 / Business, Communities, Economy, Finance, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Stocks close slightly higher as the Fed rate-hike debate rages on. Patrick Industries (PATK:US) defies MHCV slip to post the biggest manufactured housing gainer. Chart watchers say the dollar is on the verge of unraveling. California fire drives 82,000 from their homes, MarketWatch informed MHProNews. Daily Business News Market Tracker: The Dow

Northern Georgia Town Votes Moratorium on New Manufactured Home Sitings Read More

Northern Georgia Town Votes Moratorium on New Manufactured Home Sitings

By Matthew Silver / August 17, 2016 / Business, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation, Zoning

The Danielsville (GA) City Council voted to place a moratorium on any new or used manufactured homes (MH) moving into the city for the next 180 days. City Clerk Susan Payne said any existing manufactured homes and permits previously issued for the siting of an MH would not be affected.

Calcasieu Parish Planning Committee Nixes MH Community Development Read More

Calcasieu Parish Planning Committee Nixes MH Community Development

By Matthew Silver / August 17, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, Zoning

Following a story MHProNews last posted Aug. 12, 2016 regarding an application for development of a 680-site manufactured home community, the Calcasieu (LA) Parish Police Jury Planning and Zoning Board voted 10-0 to deny the request to rezone the 215 acres from agricultural to manufactured home community (MHC). The full

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Clinton v Trump – Presidential Nominees and their Tax, Economic Strategies Read More

Clinton v Trump – Presidential Nominees and their Tax, Economic Strategies

By MHProNews / August 17, 2016 / Business, Economy, Legislation, Manufactured and Modular Housing News, People, regulation

MarketWatch looked at key proposals on taxes set forth by the Democratic and Republican Presidential candidates. The economic outlooks and tax premises on which they are built highlight the stark contrast between the two hopefuls. Their analysis of the tax proposals, shared with the Daily Business News, sheds light on

Home Sales Take a Tumble in California Read More

Home Sales Take a Tumble in California

By Matthew Silver / August 17, 2016 / Affordable Housing, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

While June home sales in California hit nearly a four-year high, they dropped sharply in July from June, according to housingwire, due to low inventories and decreasing affordability reports the California Association of Realtors (CAR). Sales of existing single-family detached homes in June hit a seasonally adjusted annual rate (SAAR)

San Jose CA set to Vote on Modular Homes for the Homeless Read More

San Jose CA set to Vote on Modular Homes for the Homeless

By Matthew Silver / August 16, 2016 / Affordable Housing, Announcements, Communities, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular, People

The San Jose (Calif.) City Council is considering siting 102 tiny modular homes for the homeless in an area designated for affordable housing, much to the consternation of businesses and neighbors who fear a rise in criminal activity and blight in an already struggling neighborhood. However, city housing officials expect

Home Construction Continues its Slow but Steady Incline Read More

Home Construction Continues its Slow but Steady Incline

By Matthew Silver / August 16, 2016 / Business, home buyers, Manufactured and Modular Housing News, Trends

The rate of housing starts in July rose to its highest level in six months, plus 2.1 percent overall to a seasonally adjusted annual rate (SAAR) of 1.21 million from 1.19 million in June, according to numbers from the Commerce Department reported by usnews. The bulk of the gain came

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REITs beat S&P 500 with Promising Forecast for the Year Read More

REITs beat S&P 500 with Promising Forecast for the Year

By MHProNews / August 16, 2016 / Affordable Housing, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, Stocks

REITs beat the S&P 500 and could return up to 13% in the next year, MarketWatch informed MHProNews. Housing starts rise to second-highest rate since recession. Meanwhile the Fed’s Dudley says September rate hike ‘is possible’ as the CPI remained unchanged in July. Daily results place stocks at a lower

Residents of Oregon Manufactured Home Community Consider Long-term Leases Read More

Residents of Oregon Manufactured Home Community Consider Long-term Leases

By Matthew Silver / August 16, 2016 / Affordable Housing, Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

California-based Investment Property Group Inc. (IPG) has presented new leases to residents of Meadow View Estates manufactured home community (MHC) in Medford, Oregon, according to mailtribune, as well as to residents in other MHCs it owns. Some of the residents are elderly and living on Social Security, and are concerned

Manufactured Homes can be as Modern as Traditional Houses, says Realtor on FoxNews Read More

Manufactured Homes can be as Modern as Traditional Houses, says Realtor on FoxNews

By Matthew Silver / August 16, 2016 / Affordable Housing, Business, home buyers, Manufactured and Modular Housing News, Manufactured Homes

What for years people have been calling “mobile homes,” have since June 15, 1976 been in fact manufactured homes (MH), made to stringent Department of Housing and Urban Development guidelines, and constructed with amenities often found in more upscale homes: whirlpool tubs, modern kitchens with corian countertops, vaulted ceilings, walk-in closets

Stock Exchange Winners and Losers under a Clinton Presidency Read More

Stock Exchange Winners and Losers under a Clinton Presidency

By Matthew Silver / August 16, 2016 / Business, Company News, Economy, Green, Manufactured and Modular Housing News, Manufactured Homes, People, Stocks

MHProNews has learned from etfdailynews which exchange-traded funds (ETFs) would thrive under a Hillary Clinton presidency and which would starve, according to Barron‘s. Winners would include hospitals and managed-care facilities because of her intention to expand the Affordable Care Act (ACA), which could prod iShares Dow Jones US Health Care

Logan’s Crossing Manufactured Home Community Announces Annual Scholarships Read More

Logan’s Crossing Manufactured Home Community Announces Annual Scholarships

By Matthew Silver / August 15, 2016 / Announcements, Awards, Communities, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned from thedallasnewera in Dallas, Georgia that four high school students who live in the Logan’s Crossing Manufactured Home Community (MHC) each received a $250 scholarship for maintaining a ‘B’ average in the 2015-2016 school year. The scholarships are given each year by the owners of the Logan

Eight Modular Homes for Low-income Families Rising in Illinois Read More

Eight Modular Homes for Low-income Families Rising in Illinois

By Matthew Silver / August 15, 2016 / Affordable Housing, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Decatur Pilot, a nonprofit subsidiary of the Decatur (Illinois) Housing Authority, is developing eight modular homes at a cost of $2 million near the Oakwood business district which will revitalize that neighborhood. It will also provide low income housing for families who qualify, those earning $35,000 to $75,000 annually, according

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Skyline Up, Manufactured Housing CompValue (MHCV) Mirrors Dow Read More

Skyline Up, Manufactured Housing CompValue (MHCV) Mirrors Dow

By MHProNews / August 15, 2016 / Affordable Housing, Business, Communities, Company News, Factory-Built Homes, Finance, Manufactured and Modular Housing News, Manufactured Homes, Stocks

The Dow Jones Industrials and the Nasdaq logged record closes. Various stocks closed at record heights, which MarketWatch tells the Daily Business News was triggered by a rise in oil prices. The extended gains of U.S. stocks also saw parallels in the rise in Treasury yields, and many MH stocks

Manufactured Home Community Owner YES! Redistributes Assets Read More

Manufactured Home Community Owner YES! Redistributes Assets

By Matthew Silver / August 15, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

YES! Communities, one of the largest owners of manufactured home communities in the nation with 178 communities in 17 states containing over 44,600 residential home sites, has announced it has sold 71 percent equity interest in its combined businesses to two global institutional investors, according to prnewswire. One of them

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Commissioner sees Manufactured Homes and Communities as Affordable Housing Solution Read More

Commissioner sees Manufactured Homes and Communities as Affordable Housing Solution

By MHProNews / August 15, 2016 / Advocacy, Affordable Housing, Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, regulation, Zoning

Affordable housing is defined as housing and utility payments falling under 30 percent of monthly household income. Colorado’s Durango County Planning Commissioners see manufactured homes as being a good fit for that important need, the Pine River Times tells MHProNews. Challenges in their market include the rising costs of conventional