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.
Yarrawonga Manufactured Housing (YMH) in Australia has been awarded a $1.1 million ($813,828 USD) federal grant to build a manufactured housing facility in Mulwala in New South Wales, Australia that will eventually employ 30 people when the project is complete, likely not for five years. As bordermail.com.au tells MHProNews, the […]
Aussies get Grant to Build more Manufactured Homes Read More
In the news from CNNMoney: Hacker is fighting ISIS with porn. Philadelphia City Council adds a $1.5 cent tax per ounce on sugar-added and artificially-sweetened soft drinks, adding a little more than a dollar on a six pack or two-liter bottle. Video game helps people grieve. Iran’s oil exports triple
Skyline Corp. Gains +3.26%; Smith & Wesson Gun Sales up 22% Read More
As follow-up to a story MHProNews last posted June 3, 2016 regarding the possible misuse of funds by the city of Minot, North Dakota when it moved over 30 homes out of Odds Mobile Home Park to make way for a flood protection project. The homes were placed on blocks
Manufactured Homes Damaged During Move to New MH Community Read More
Saying people have forgotten President Reagan’s line: “The government is not the solution, it is the problem.” The larger the government grows, the slower the economic growth, writes Richard W. Rahn in washingtontimes. The article MHProNews posted June 9, 2016 reports Donald Trump promises to end Dodd-Frank and its chokehold
As Government Grows, Regulations Impose, the Economy Slows Read More
Although the Department of Housing and Urban Development Secretary Julian Castro called manufactured housing a “vital solution” to the nation’s “affordable housing crisis,” the federal manufactured housing program for forty years has been one set of wasted opportunities after another, according to M. Mark Weiss, president and CEO of the
MHARR’S Mark Weiss says Happy Anniversary HUD Code?? Read More
Following the bankruptcy of modular builder M Space in late May, Gordon Brothers Group will begin the immediate disposition of assets of the company, including 2,400 floors of custom built modular buildings and complexes, as prnewswire informs MHProNews.. Headquartered in Park City, Utah, M Space provided modular buildings for education,
Modular Builder M Space Files Bankruptcy Read More
In the news from CNNMoney: Ailing sportscaster Craig Sager will work his first NBA finals game Fri. night for the sixth game between Golden State and Cleveland. Air traffic controller shortage could result in more travel delays. Bank of America has 23 percent fewer branches than in 2009. At the
Patrick Advances +3.65%; Deer Valley Loses -7.69% Read More
A commentator for modularhomecoach was at the bank on a matter related to buying a car when he spied a five-inch stack of papers on a desk behind the lender, and casually asked about the stack. The woman replied, “Those are for a mortgage application for a new home,” adding
Loan Officer calls Dodd-Frank a Huge Impediment to Lending Read More
Following a story MHProNews posted June 6, 2016 regarding the increasing production of HUD Code homes in April, 2016, over the previous April, the Manufactured Housing Institute adds the figures include an increase of 12.7 percent for single-section homes and 7.7 percent increase of multi-section homes. The MHI says there
HUD Code Floors Shipped Rises, while SAAR Falls in April over March Read More
Dubbed “A Better Way,” House Republicans stated the red tape of bureaucracies has gotten out of hand, and they have proposed rules easing the drilling for oil, coal mining, governing internet traffic and promoting small business employment, according to what washingtontimes tells MHProNews. House Speaker Paul Ryan (R-WI), in presenting
House GOP Aiming to Lift Crippling CFPB Regulations Read More
Founded n 1985, Habitat for Humanity Canada has forged a partnership with Green Terra Homes that will give home buyers the option to donate one percent of their purchase to Habitat, thereby promoting sustainable building. Prefab homes and manufactured homes are constructed using steel from an average of six recycled
Habitat Canada and Green Terra ask Homebuyers to Donate 1% Read More
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
