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.
In the news from CNNMoney: Trump: New York Times does not “write good.” Aetna rethinks Obamacare participation. Vancouver hits foreign homebuyers with massive tax. Buffett challenges Trump to discuss tax returns. Many big European banks have lost half their value. Oil returns to $40/bbl. Venezuelans may be forced to work […]
Manufactured Housing-related Stocks Fall Except Nobility Homes Read More
With Baby Boomers hitting 65 at the rate of 8,000 to 10,000 per day, many of them with elderly parents who may need attention due to medical problems, modular home builders are offering “granny pods,” small modular homes that can be attached to a larger house, or stand alone in
Assisted Living Modular Homes expected to Rise with Aging Population Read More
The stock of manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) has been on an upward tear recently, generating strong attention from investors and analysts as it marks a return on investment (ROI) of 8.40 percent, reaching $82.88 on a recent bid. (ROI is determined by dividing the return
Equity LifeStyle Properties, Inc. Yields ROI of 8.40 percent Read More
The Texas Quarterly Housing Report published by the Texas Association of Realtors (TAR) reveals strong gains in the second quarter as 91,418 homes were sold in Texas, a 4.4 percent increase over last year and the highest number of home sales ever. TAR Chairman Leslie Rouda Smith said, “Texas homes
Texas Home Sales Set a Record in Second Quarter Read More
Through the Hope VI Main Street Program, the U. S. Department of Housing and Urban Development (HUD) has awarded Bartlesville, Oklahoma a $500,000 grant to redevelop a 90-year-old abandoned church campus into a mixed-use development which will include affordable housing. The collaboration of Bartlesville Redevelopment Trust Authority (BRTA), Main Street
Affordable Housing Included in $500k HUD Grant to Oklahoma City Read More
The city commissioners of Etowah, Tennessee in the southeast part of the state have passed an amendment banning the siting of Tiny Homes within the city limits, as newschannel9 tells MHProNews. While some communities use the miniature homes for homeless people, and others to support simpler lifestyles, Etowah Director of
Tenn. City Bans Tiny Homes Read More
In the news from CNNMoney: 10,000 Indian workers face food crisis in Saudi Arabia. Washington State sues Comcast for $100 million. Nigerian man arrested in $60 million global scam. New York governor wants sex offenders off Pokemon Go. The next big thing in movie theaters is 4-D. Italy’s oldest bank
Oil Falls Below $40/bbl again; Deer Valley Shoots Up 15+ Percent Read More
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
