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.
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
After four years of research and development, the Amsterdam collective Fiction Factory has developed a modular house made primarily of treated cardboard that is said to last 50 years, according to huhmagazine.co.uk. Designed for either homes or offices, the Wikkelhouse (roughly, ‘wrap house’) comes in tubular sections of about 43
Cardboard House Designed to Last 50 Years Read More
MHProNews has learned the seven story modular housing complex made from old shipping containers rising in downtown Vancouver, British Columbia is headed up by the non-profit Atira Women’s Resource Center, which already has a 12 unit modular building providing housing for women in town. This 21-unit housing project is for
Modular Container Housing to House At Risk Women and Families in Vancouver Read More
In an interview with Reuters, presidential candidate Donald Trump stated financial reforms implemented under President Obama, specifically the Dodd-Frank Act, and the ensuing Consumer Financial Protection Bureau (CFPB), are stifling the economy and he would ditch most all of their provisions. “Dodd-Frank has made it impossible for bankers to function,”
Dodd-Frank Act is Harming the Economy, says Donald Trump Read More
In the news from CNNMoney: If the economy stays on course, the Fed may raise interest rates this summer. T. J. Maxx to open thousands of new stores. Trump says there’s a tech bubble. $65 billion merger rolls Time Warner and Brighthouse into Charter cable company. Google takes on Siri
Patrick Ind. Gains +2.60 percent; NASDAQ Advances, Dow Slips Read More
The Yellowstone County Commission in Montana unanimously voted against a zone change request from residential tracts to residential manufactured homes (MH) on some 30 acres of vacant land outside Laurel, just south of Billings, but within the city’s zoning jurisdiction following neighborhood complaints against the proposal. Remonstrators allege the development
County Commissioners deny Request to Rezone Land for Manufactured Home Community Read More
MHProNews has learned from thecourier that the city council of Fostoria, Ohio approved legislation establishing new standards for manufactured homes (MH) sited in residential neighborhoods, outside of manufactured home communities. Under the new law, MH must resemble site-built homes, including being set on a foundation and with similar siding materials
Ohio City Sets New Standards for Manufactured Homes Outside MH Communities Read More
The Homestead Exemption Program that provides tax relief to homeowners who are either 65 and older or permanently disabled applies to both manufactured and site-built homes in Marion County, Ohio, as marionstar informs MHProNews. The home has to be the principal residence and the occupants must have an adjusted gross
Manufactured Home Residents could Receive Property Tax Exemption. Read More
According to what wsj tells MHProNews, housing starts rose 6.6 percent in April over the previous month to a seasonally adjusted annual rate (SAAR) of 1,172 million units, indicating an uptick since a slow start in Q1. (It should be noted the 6.6 rise has a margin of error of
Housing Starts, Building Permits, pre-existing Home Sales Rise Read More
In the news from CNNMoney: Oil prices hit highest level in seven months. American Airlines flight attendants will no longer make connecting gate announcements towards the end of each flight—passengers complained of the interruption. Mark Cuban warns of market turmoil if Trump wins the presidency. Chinese incubator may be rivaling
Nobility Homes Plummets; Dow, Nasdaq, S&P lose Yesterday’s Gains Read More
MHProNews has learned manufactured and modular housing builder Skyline Corp. will open a new factory in Elkhart, Indiana to produce affordable housing for markets in Indiana, Michigan and Illinois. “The opening of the Elkhart facility is in response to growing demand for our existing community partners,” said Skyline President and
Skyline Corp. adding Manufacturing Plant in Elkhart, IN Read More
In March, the Laramie (WY) City Council lifted the ban on the sale or transfer of mobile homes built prior to standards of the Department of Housing and Urban Development in 1976, as laramieboomerang informs MHProNews. In Dec. 2015 at issue was an ordinance restricting recreational vehicles (RVs) to no
City Council to Consider Checkerboarding of Manufactured Homes and RVs Read More
News continues arriving to MHProNews in the wake of modular builder Innovative Building Systems’ (IBS) sudden Chapter 7 bankruptcy, which we last covered May 16, 2016, as dailyitem reports 280 people at the Excel Homes plant in Liverpool, PA have lost their jobs, effective May 13. Begun in 1984, other
The Wake of IBS’/Excel Homes Bankruptcy Broadens Read More
A house built in 1775 in Hartford Village, Vermont was demolished last month, leading to calls for a new ordinance that would protect historic properties, as MHProNews has been informed by vnews. The house was built by Benjamin Wright, Jr., whose father was one of the founders of the town
Historic House Razed for Siting of Net Zero Modular Homes Read More
Updating a story MHProNews posted May 7, 2016 regarding the bankruptcy of Innovative Building Systems (IBS), which owns Keiser Homes of Oxford, Maine, modularhomecoach reports customers who have placed deposits on homes may be out of luck. Autumn Poulin put down a $20,000 deposit on a three-bedroom, 2-1/2 bath modular
Deposits on Modular Homes may be Lost in Bankruptcy Read More
In the news from CNNMoney: Saudi Arabia owns $117 billion of U. S. debt. Oil bankruptcies increase despite oil’s rise in price. Warren Buffett buys a stake in Apple. Bernie Sanders says financially-strapped Puerto Rico could leave U. S. Blazing fast internet speeds just around the corner. China’s DJI leading
Patrick Industries Outperforms other MH-Related Stocks 2nd Consecutive Day Read More
Since 1969, the Federal Housing Administration’s (FHA) Title 1 program has insured mortgage loans made by private lending firms to finance the purchase of new or used manufactured homes (MH), designed to increase the availability of MH financing. In a draft of the Title I section of its Single Family
Comment Period Open Regarding Title 1 FHA Handbook Read More
MHProNews has been informed by the RV/MH Heritage Foundation that Sally Miener has been chosen as vice president of marketing and development for the non-profit, according to CEO and president of the foundation, Darryl Searer. Miener has more than 24 years experience in a variety of management positions with Continental
Sally Miener Joins RV/MH Heritage Foundation as Vice President Marketing Read More
