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.
Beginning in 1956, Lawrence “Larry” Lippert sold galvanized and aluminum roofing products to the manufactured housing industry, as tradeonlytoday tells MHProNews. Now celebrating its 60h birthday, Lippert is part of Drew Industries, Inc., which has grown into a billion dollar annual business today, producing and distributing component parts to the […]
Lippert Celebrating 60 Years in Business Read More
As home prices rise in Miami-Dade County, Fla., sales of single-family homes, townhomes and condos have fallen for the fifth consecutive month, according to a report by the Miami Association of Realtors, says therealdeal. Townhomes and condos felt the most pinch: unit sales dropped 12.1 percent in April 2016 over
Strong Dollar Driving Down Foreign Home Buyers in Miami Read More
Dutch architect Jurrian Knijtijzer has developed a stackable and addable, modular building system for homes, offices, clinics or schools that is also 95 percent recyclable. Made of sustainable lumber from a tree farm—his company, Finch Buildings, plants a tree for every one they cut down–builds the 13 ft. X 33
“The Tesla of Housing” Claims Dutch Architect Knijtijzer Read More
The fallout continues from the bankruptcy of Innovative Building Systems, as MHProNews last reported May 7, 2016, closing Keiser Homes, leaving the developers of 82 High Street in Farmington, ME, a nonprofit affordable housing complex, to find a replacement builder. The complex’s board of directors will review proposals from three
Modular Apartment Builder Seeks Replacement for Keiser Read More
MHProNews has learned from streetinsider that Patrick Industries, Inc. has completed its acquisition of Cana Holdings, Inc., with its two facilities, one in Americus, Georgia and one in Elkhart, Indiana where Patrick is headquartered. Cana produces custom cabinetry, primarily supplying the manufactured housing industry as well as the residential, hospitality
Patrick Completes Acquisition of Cana Holdings Read More
In the news from CNNMoney: Monsanto gains 4.4 percent after Bayer’s 62 billion bid. 1,600 fake credit cards results in $13 million fraud in South Africa. General Electric hiring 2,000 in Saudi Arabia, doubling their workforce there, helping Saudi Arabia diversify. IBM has 20,000 job openings. Venezuela is running out
MHCV Edges Up, Third Avenue Value Gains +0.86%, Major Indices Slip Read More
As nationalmortgagenews informs MHProNews, new home listings fell in April 1.1 percent, says real estate brokerage Redfin, the first year-over-year loss since Aug. 2014. Noting the steepest declines were in the Northeast, Redfin says nearly two-thirds of the markets it follows had fewer listings during the month than a year
Inventory of New Homes Continues Falling Read More
Everett and Regina Saunders, the owners of the Amberlite Mobile Home Park in Bloomingburg, New York, about 80 miles northwest of New York City, have sent a letter dated March 29 to the residents that the community will be sold July 29 for $960,000 to Amberlite LLC, and the new
Manufactured Home Community in New York set to Close Read More
What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News MH Community adding 46 homes. Malibu manufactured home goes for $3.5 million. Oregon MHC sets new record. Oklahoma City has first modular hotel. Americans
Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016 Read More
In an attempt to encourage communities to be more diverse, the Obama administration is tying federal community grants to the demographic make-up of communities, according to what washingtonexaminer is telling MHProNews. An amendment from Sen. Mike Lee (R-UT) would have defunded President Obama’s “The Affirmatively Furthering Fair Housing Rule,” but
Attempt to Block Funding of Federal Housing Program Fails Read More
The Roaring Fork Valley Regional Planning Commission has approved a proposal for El Jebel Mobile Home Park in Eagle County, Colorado to add 46 modular homes to the 298 existing units in the community. A worker enclave for five decades, the Crawford family has contributed affordable housing to the area
Forty-six Homes to be Added to El Jebel Mobile Home Park in Colorado Read More
In the news from CNNMoney: College enrollment is dropping. The Central States Pension Fund will be insolvent in ten years without government money for 407,000 members. Can Egyptian tourism survive another airline disaster. VW gives 120,000 workers a 5 percent raise. British CEOs should take a 50 percent pay cut.
Patrick, Carlyle, Affiliated Managers Show Strong Gains in Today’s Session Read More
As latimes tells MHProNews, a triple-section manufactured home in Malibu’s Paradise Cove Mobile Home Park sold for $5.3 million, the most ever paid in the area. Listed for sale in March for $5.5 million, it was sold a year ago for $4 million. Pinnacle Estate Properties agent Elizabeth Seaman represented
Malibu Triple-section Manufactured Home Sets New $$ Record Read More
The Clayton Building at the Knoxville Museum of Art in Tennessee, named for the founder of Clayton Homes and building benefactor, Jim Clayton, is undergoing an HVAC upgrade and will be closed May 22 through May 25, 2016. With its exterior of locally-quarried Tennessee marble, the 53,200 sq. foot four-story
Clayton Art Building Will Close Temporarily Read More
Setting the new high watermark for manufactured home community (MHC) sales in the Northwest, a multifamily advisory team from Colliers International Portland sold Summer Oaks MHC in Eugene, Oregon for $10.4 million, which translates to $102,000 per home site for the 102-site community. Last year, Colliers also engineered the sale
MH Community Breaks Record for $$ per Homesite Read More
Hotel development and management firm Newcrestimage is partnering with Guerdon Modular Buildings to construct a 142-room AC Hotel Bricktown in Oklahoma City, reports modularhomecoach to MHProNews. The first floor of the building will be conventional construction, followed by four floors of 81 modules built by Guerdon at their plant in
Oklahoma City to Have First Modular Hotel Read More
In an indication that Americans’ financial condition remains as precarious as ever, despite the “recovery” from the Great Recession, a survey conducted by the Associated Press-NORC Center for Public Affairs Research revealed 75 percent of people in households making less than $50,000 would have trouble coming up with $1,000 in
Two-thirds of Americans do not Have $1,000 for Emergency Read More
In the news from CNNMoney: Walmart soars 10% on good earnings report. TSA’s security logjam could be helped with explosive-sniffing dogs in the lines. Puerto Rico saved from economic ruin. 60 Minutes’ Morley Safer passes away days after watching a program devoted honoring him. Golfer Phil Mickelson will pay SEC
Drew only MH-related Stock to Gain in Today’s Session Read More
Drew Industries, Inc.’s Net profit for Q1 ending March 31, 2016 was $35.96 million as compared to the same period last year of $20.07 million. On May 17 MHProNews noted that the CEO of Drew Industries, Inc. (NYSE:DW), Jason Lippert sold 10,000 shares of Drew stock at $74.13 per share
Insider Trading: Drew Industries and UMH Properties Read More
While the original Oak Forest manufactured home community in Egg Harbor Townhship, in southern New Jersey had 158 home sites, current owner/developer Ralph Clayton received a use variance from the zoning board in 2007, and site preparation is now in progress for an additional 92 MH sites. The 54.62 acre
Oak Forest MH Community Expanding in New Jersey Read More
