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.
June 15, 1976 marks the formal start for the first manufactured homes built to the Federal Manufactured Home Construction and Safety Standards passed in 1974. Administered by the U.S. Department of Housing and Urban Development, the manufactured home standards are thus commonly called the HUD Code. Here on MHProNews and […]
40th Anniversary of HUD Code Manufactured Housing Read More
Patrick Industries, Inc. (NASDAQ:PATK) Director Jeffrey L. Et Al Gendell sold 14,498 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $53.36, for a total value of $773,613.28. The sale was disclosed in a legal filing with the
Insider Trading at Patrick, Equity LifeStyle Read More
Waterhouse Management Corp. of Roseville, California, which runs the Pinto Lake Mobile Estates in Watsonville, CA, has asked for a $211 a month across the board increase for all the homeowners at the 177 site manufactured home community (MHC). Waterhouse contends the county’s formula for determining annual rent increases does
MH Community Owner Seeks $211 Month Increase per Site Read More
In the news from CNNMoney: Food & Drug Administration sent a warning letter to Whole Foods about serious violations at a store in Mass. Chipotle stock hits lowest level in three years. Facebook tries to stop live streaming of crimes. Compton, Calif., long infamous for gang violence and crime, is
Universal Forest Products Gains the most; Northstar Drops -4.94% Read More
Coinciding with Republicans and business groups hollering for the head of the Consumer Financial Protection Bureau (CFPB) to be a five-person commission instead of a single director, make the agency’s funding in some way subject to congressional oversight, with lawsuits challenging its very authority, the CFPB is pitching a substantial
Just as CFPB’s Authority is Challenged, it Binges on Big Ad Dollars, Read More
As a means to provide more housing for First Nation peoples in Manitoba and teach them a saleable skill, Fisher River Cree Nation Chief David Crate is lobbying the federal government in Ottawa, Canada to fund a program teaching residents home construction and home maintenance. The proposal includes partnering with
Fisher River Cree Seek to Build Own Modular Homes Read More
In a video presentation, Frank Rolfe, a partner with Dave Reynolds in Mobile Home University, RV Horizons and MHP Funds, says he can call his congressional representative in Missouri and find out the chances of legislation passing that could positively affect the manufactured home industry, like altering Dodd-Frank. Since it
Frank Rolfe, Bob Crawford Video Comments on Current and New MH Association Read More
In the news from CNNMoney: Florida is an easy state in which to purchase a gun. Donald Trump revokes Washington Post press credentials. Gun stocks soar following shooting in Orlando. Militants blowing up oil facilities in Nigeria helps move the oil price up. Oil jobs continue to disappear despite rise
Most MH-related stocks fall, but Sun Comm. Gains Read More
In reporting the financials for Nobility Homes, Inc. (OTC:NOBH) for the second quarter ending April 30, 2016, marketwired informs MHProNews sales for Q1 2016 rose 21 percent to $8,115,840 compared to $6,706,118 recorded in second quarter 2015. Income from operations rose 44 percent to $953,896 from $660,719. After taxes, net
Net Income Rose over Five Fold for Nobility Homes Read More
Responding to questions from ibamag, American Modern Insurance Group Regional Vice President of Sales Elvia Alaniz discusses emerging risks, areas of likely growth for retail agencies, marketing strategies and what agents should do in order to grow their business in the coming years. When asked what areas of growth she
Insurance executive Perceives Manufactured Housing as a Growth Industry Read More
According to a joint report from RealtyTrac and Down Payment Resource, nationalmortgagenews tells MHProNews down payment assistance programs can save homebuyers on average $5,965 on the down payment and $11,801 over the course of a loan’s life, totaling $17,766. Having studied 513 counties across the nation, the report states the
Homebuyers Save Big with Down Payment Assistance Programs Read More
What’s New in public focused Manufactured HomeLivingNews.com Media Should Re-Visit Dodd-Frank Reporting in Light of Congressional Testimony Modular Versus Manufactured Homes: Which Is Right for You? What’s New in Manufactured Housing Industry Professional News Lake Villa MH community sells for $11.3 million. HUD Code production climbs 9.9% in April.
Sunday Morning Recap-Manufactured Housing Industry News June 5-June 12, 2016 Read More
With all the negative publicity swirling around alleged predatory lending for purchasers of manufactured homes by the Seattle Times, National Public Radio and BuzzFeed within the last year, it’s time the media paid attention to congressional testimony that refutes these notions, according to L. A. “Tony” Kovach, publisher of MHLivingNews
Congressional Testimony Negates Sensationalized Charges of Predatory Lending Read More
Updating a story MHProNews last posted March 22, 2016 regarding the acquisition of Carefree Communities, Inc. from Centerbridge Capital Partners II, LP for $1.68 billion, Sun Communities, Inc. (NYSE:SUI) announces it has closed on the transaction. Sun issued Centerbridge $225 million in shares of common stock priced at $67.57 per
Sun Communities Closes on Acquisition of Centerbridge’s Carefree Communities Read More
The Courtland (Alabama) City Council’s proposed zoning ordinance limits the siting of manufactured homes (MH) to the R-1 district, and prohibits manufactured home communities from siting within the city limits, as moultonadvertiser informs MHProNews. MH are also prohibited from being sited in the Historic District. Pre-existing MH within the city
Ala. City Ordinance Limits Siting of Manufactured Homes Read More
A recent filing with the Securities and Exchange Commission indicates that Martin Whitman’s Third Avenue Management owns 5.39 percent of the outstanding common stock of Cavco Industries, Inc. (NASDAQ:CVCO), 481,575 total shares, representing a decrease from the 729,734 shares owned as of March 31, 2016. As insisdermonkey tells MHProNews, Cavco
Cavco, Patrick Industries Generating Big Money interest in Stocks Read More
In the news from CNNMoney: Despite Dow drop of 120 points today, it’s up 0.3 % on the week. The Dept. of Transportation approved six airlines to schedule trips to Cuba. Aeropostale gets a $160 million lifeline. Lunch with Buffett will cost at least $2.6 million. Moe’s Southwest Grill knocks
Covered MH-related Stocks all Drop Except Sun Communities Read More
From eaglevalleynews in southeast British Columbia, Canada MHProNews has learned Sicamous, BC developer Darrel Trouton is seeking municipal approval to site manufactured homes in an area targeted to affordable housing, but requiring rezoning from R1A, urban single-family home to include CSA-approved Z240, which is for manufactured homes (MH), but would
Plans Move Forward on New Canadian MH Community Read More
The Mohave County Board of Supervisors (Arizona) approved by a vote of four to one the development of an age-restricted manufactured home community south of Chloride near the Old Boulder Dam Highway, despite opposition from neighbors who fear low-income residents that may be involved in crime. Neighbors Judy and Norm
Arizona MH Community Destined to Move Forward Despite Neighbors’ Opposition Read More
In the news from CNNMoney: New Jersey retirees will not get pension increases. Now that oil prices are up, will frackers begin working again? Deepak Chopra is launching a wellness app. Disney CEO says U. S. taxes are too high. Atlantic City fights to avoid bankruptcy. Washington D. C. on
Most Stocks Relatively Quiet, Nobility Homes Drops -3.27% Read More
