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.
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
The Sterling, Colorado City Council will hold public hearings on conditional use applications for two lots on which the owners want to site manufactured homes that will be rental properties, as journal-advocate informs MHProNews. Lillian and Ed Buck, appearing at at a Sterling Planning Commission meeting earlier this month, and
Planning Commission Approves Siting of Two Manufactured Homes Read More
In the news from CNNMoney: Owner of ClintonCaine.com wants $90,000. Federal Reserve not set to raise interest rates this summer. Alabama is so broke it may begin a state lottery. Top paid CEOs not very competent, while complaining about wages paid to employees. U. S. is cracking down on anonymous
Patrick Industries Moves Up; Nobility and Carlyle fell the Most Read More
The Belfast, Maine Planning Board will consider the expansion of Penobscot Mobile Home Park from 20 homes sites to 34, as waldo.villagesoup informs MHProNews. The new owner of one year, Connecticut Property Management LLC, has 21 acres, including a large wetlands area, and intends to use part of the property
Maine Manufactured Home Community Expanding Read More
With the unemployment rate at 4.9 percent, benchmark 30-year fixed rate mortgage rates at 3.45 percent, down from 4.04 percent a year ago, 287,000 new hires in June, a 6.4 percent increase in new home sales year to date, and 1.6 percent growth May to June, one might think the
Site-built Home Sales Looking Good. Can it Continue? Read More
MHProNews has received word from Goshen, Indian that The Commodore Corporation (TCC) has acquired the assets of Canadian American Homes of Dorchester, Wisconsin, and will begin production of HUD Code and modular homes under the MidCountry Homes brand. Now in its 65th year serving 32 states, TCC is a family-owned
Commodore Corporation Acquires Canadian American Homes of Wis. Read More
In a letter to the editor of Corpus Christi’s Caller Times, Nick Milam reinforces Andy Taubman’s previous suggestion that the city site manufactured homes on the numerous vacant lots they have seized for back taxes, and give them or sell them to public housing clients. Residents of the Hillcrest community
Resident: Site Manufactured Homes on Vacant lots for Hillcrest Neighbors Read More
