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.
The Foremost Homes modular home factory near Mercersburg, Pennsylvania is at the middle of a custody dispute between the former and current owner, which modularhomebuilder says may be prompting the auction of equipment on July 13, 2016. Foremost is comprised of two factories, the modular home plant and the panel-making […]
Ownership of PA’s Modular Builder Foremost Homes in Court Read More
In an examination of the relationship between single-family housing starts and builder confidence as derived from the National Association of Home Builders (NAHB) monthly survey, businessinsider stated the bullishness of builders may be ill-advised, as MHProNews has learned. Even though confidence rose to the highest level in June since January,
Builder Confidence for Single-family Homes May be Stretched Read More
The city of Portland, Oregon has over 400 vacant homes on its eastside, “zombie homes”as portlandtribune calls them, some of which are nuisance-creating, others are just nuisances. Mayor Charlie Hales just returned from the conference of mayors in Indianapolis, and commentator John Schrag suggests the mayor take a page from
Opinion: Non-profits to Buy Vulnerable MH Communities to Preserve Affordable Housing Read More
In the news from CNNMoney: Mega Millions jackpot pushed to $540 million, marking the seventh largest lottery jackpot in U. S. history. Poor jobs report Friday for June could indicate the economy hit the pause button. Wall Street’s biggest players show ongoing confidence in London as the leading international financial
Nobility Homes gains +2.63 Percent, MHCV Moves Up +1.02 Percent Read More
Updating a story MHProNews last posted regarding the use of factory-built homes for the survivors of the flooding in West Virginia, Hoppy Kercheval writes in wvmetronews that the Federal Emergency Management Agency (FEMA) has been very responsive to the survivors. They have inspected about two-thirds of the properties where people
FEMA Moving Quickly to Assist W VA Flood Survivors Read More
According to what CoreLogic’s Home Price Index, home prices posted a year-over-year gain in May of 5.9 percent, and an increase over April, 2016 of 1.3 percent, above CoreLogic’s expectations of an 0.9 percent rise. CoreLogic Chief Economist Frank Nothaft said year-over-year home prices have risen by 5-6 percent for
Home Prices Gain Nearly Ten Percent Read More
MHProNews has learned from finance.yahoo that manufactured home and recreational vehicle component supplier Patrick Industries, Inc. (NASDAQ:PATK) has completed the acquisition of Vacuplast, LLC, d/b/a LS Manufacturing, Inc., producer of thermoformed plastic components, primarily for the recreational vehicle industry. Founded in 2003, the company’s 12-months trailing revenue through May 2016
Patrick Completes Acquisition of Plastics Firm LS Mfg. Read More
In the news from CNNMoney: U. S. oil boom planning a 2017 comeback. Fox news chief Ailes sued for sexual harassment. Brexit provides cheap London vacations. U. K.’s pound falls to 31-year low. World Cup tickets pass $1,000. Cheap gas blamed for high number of traffic deaths. Chipotle exec charged
Deer Valley Plummets -27.14%; Patrick Advances +3.04% Read More
Residents of manufactured homes in Newberg and Yamhill County in northwestern Oregon, just south of Portland, will be eligible for repairs to manufactured homes if $400,000 is approved through a housing rehabilitation program. Community Development Director Doug Rux said the program would benefit about 120 people, all of whom fit
Manufactured Home Repair Program to Assist Low Income Residents Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that based on statistics released by the Department of Housing and Urban Development (HUD), the manufactured housing industry produced 6,780 homes in May, 2016, a 16.9 percent increase over the 5,798 homes produced in May, 2015. Total HUD Code production
Manufactured Home Production Continues Double-digit Growth Read More
Skyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager,
Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr. Read More
The Riverside tiny home by Nashville, TN-based New Frontier Tiny Homes measures 242 sq. ft., and at $79,000, this modular comes ready-to-move-in furnished, down to the the cutlery, furniture and all other accoutrements, according to what gizmag tells MHProNews. Sitting on a triple-axle trailer, the ebony stained cedar board and
Turnkey Tiny Home ready for Occupancy Read More
MHProNews has learned from wvmetronews that the Federal Emergency Management Agency (FEMA) has stated some 5,500 homes and businesses have been impacted by the severe flooding in West Virginia, and of those, 1,500 are homes damaged beyond repair. President Barack Obama declared West Virginia a disaster area and made expanded
Modular Homes may House W VA Flood Survivors Read More
In the news from CNNMoney: Delta loses $450 million bet on fuel. U. S. has the most untapped oil in the world. Some Ashley Madison women were actually computerized fembots. Five years later NASA’s Juno reaches Jupiter. Mounting concern over superbug in Rio’s waters. Twinkies maker Hostess to go public.
Nobility Homes Gains+3.79%, NorthStar Realty Drops -5.24% Read More
Updating a story MHProNews has been following out of the Lowry Grove manufactured home community (MH) in St. Anthony, MN outside Minneapolis, where residents were trying to stop the sale of their community, and are now trying to reverse the sale in court, the nearly 100 families have been given
Lawsuit Attempts to Block Sale of Manufactured Home Community Read More
The manufactured home community (MHC) that has been the setting for TLC’s Myrtle Manor TV reality show in Myrtle Beach, South Carolina is in fact Patrick’s Mobile Home Park, according to myrtlebeachonline. Owner Cecil Patrick currently sells souvenirs relating to the show but has to apply for a “special event”
MHC Reality Show Prompts MHC Souvenir Shop Read More
In insider trading, Todd Cleveland, CEO of Patrick Industries, Inc. (NASDAQ:PATK), a component supplier to the manufactured home and recreational vehicle industries, sold 20,000 shares of Patrick common stock at an average price of $59.50 per share for a net transaction of $1,190,715. Currently, Mr. Cleveland owns 405,481 shares of
Insiders Making News at Patrick Ind. and Sun Communities Read More
Using low-income housing tax credits from the Internal Revenue Service, the $6.4 million modular senior housing project in Huntington, West Virginia, which when completed before the end of the year will consist of 30 one-bedroom units measuring about 650 sq. ft. and 10 two-bedroom units of about 800 sq. ft
Modular Apartments for Seniors to be Occupied by Year’s End Read More
All U. S. stock exchanges are closed for the fourth of July holiday.They will reopen tomorrow at 9 AM. Happy Birthday America!! (Photo credit: Wikipedia–New York Stock Exchange) Article submitted by Matthew J Silver and posted to Daily Business News-MHProNews.
Stock Markets Closed Today for Independence Day Read More
Despite the slowdown in the oilfield economy around Odessa, Texas, the population is still growing, especially in the area around West Odessa in Ector County. Local officials estimate based on the number of applications for installing septic systems, which are typically for single-family residences. The 2010 census determined there were
Manufactured Home Growth Still Alive in West Texas Read More
