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: Whistleblower to collect $51 million after Olympus Corp. agrees to pay $646 million in fines for bribery and kickback scheme. Saudis trying to steal Iran’s biggest oil customer. Former Chesapeake Energy CEO McClendon dies in fiery crash one day after being indicted by Feds for […]
Most MH-related Stocks Edge up Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the new year’s production of HUD Code homes in January got off to a roaring start, as statistics from the Department of Housing and Urban Development (HUD) reveal 5,862 homes were produced. That is an increase of 17.9 percent over
New Year Begins with Energetic HUD Code Production Read More
NeighborWorks America, in acknowledging National Consumer Protection Week March 6-12, offers six tips to empower renters to protect themselves and make informed decisions. According to what marketwired tells MHProNews: You should avoid rental scams that require you to wire money or pay a security deposit before you have signed a
National non-profit Suggests Manufactured Housing as an Option to Renting Read More
American Homes 4 Rent, the “largest publicly traded single-family rental company,” has become larger as the result of its merger with American Residential Properties (ARP), a deal valued at $1.3 billion, and now owns 47,000 homes in 22 states, according to housingwire. Already on a fast track, from 2012 to
Astounding Growth for Single-family Home Rental Company Read More
MHProNews has learned from nottinghampost in the UK that modular builder Danzer Limited has reported a record year, having achieved a growth of 29 percent in profit “to September. 2015 with turnover up to £5.38m ($7.5 million).” Based in Langley Mill, a city in Nottingham, England, the family-owned modular construction
Modular Builder in UK sees Profit Grow 29 Percent Read More
Compared to a year ago January, CoreLogic tells MHProNews home prices rose 6.9 percent as reported by nationalmortgagenews. January 2015 home prices rose 1.3 percent over the previous month. Both percentages account for distressed sales, which include short sales and real estate owned transactions. Washington and Colorado had the highest
Home Prices Rose 6.9 Percent Year-over-Year Read More
In the news from CNNMoney: Court refuses to dismiss Trump University fraud case. Despite job and income growth in the U. S, confidence in the economy wanes. AAA says 75 percent of drivers are afraid of self driving cars, especially after a Google car hits a bus. U. S. in
Dow Advances 348 Points; MHCV Moves up to 1088.1 Read More
In an attempt to spur redevelopment in downtown Beaufort, South Carolina, the city’s Redevelopment Commission is proposing an arts overlay district where artists may sell their work, and small modular or manufactured homes to be sited on lots of existing homes. Located in the Northwest Quadrant of the historic district,
Off-site Housing Seen as Spur to Redevelopment in South Carolina Read More
Noting that his energy runs high on Election Day, Texas Manufactured Housing Association (TMHA) Executive Director D. J. Pendleton tells MHProNews the state races in Texas are just as interesting as the national races. Tea Party candidates are challenging long-time incumbents, and recently elected Tea Party legislators are being challenged
D.J. Pendleton: Texas Races are Hot—but Get Out and Vote Regardless Read More
Attributing the drop to tight housing inventories, which is limiting choices and increasing prices, the National Association of Realtors (NAR) says its pending home sales index fell 2.5 percent in Jan. to 106.0, the lowest level since Jan. 2014, as yahoofinance tells MHProNews. In percentages by region, only the South
Pending Home Sales Drop in January Read More
Drew Industries, Inc. of Elkhart, Indiana has acquired Flair Interiors, Inc., a manufacturer of recreational vehicle (RV) interiors with operations in Goshen and Fort Wayne, IN, through its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) for $8.1 million, according to streetinsider. Sales of Flair for 2015 wee approximately $25 million. Drew’s
Drew Acquires Manufacturer of RV Interiors Read More
Since 1997 there have been walls and rooms without roofs at the Buffalo Home Show in New York, but this year there will be a whole modular home inside the Buffalo Convention Center, according to niagara-gazette. Glenn Drew of Stylecraft Homes, the builder of the home, said the last time
Buffalo Home Show to Feature Modular Home Read More
In the news from CNNMoney: J. C. Penney, close to becoming a penny stock in 2013, and on the verge of bankruptcy, reported same store sales growth of 4.1 percent in Q4 2015. Oil prices rise 30 percent in 11 days. Facebook founder Zuckerberg worried about ISIS threat. Nigeria cuts
MHCV Drops -2.24%; Carlyle Group Leads Gainers Read More
MHProNews has learned from rejournals Farmington Hills, Michigan-based RHP Properties acquired 18 new manufactured home communities (MHC) in 2015, and it now owns 226 MHCs in 23 states. With over 56,349 home sites, the company touts itself as the second largest private owner of MHCs in the nation, according to
RHP Properties Acquired 5,538 Home Sites In 2015 Read More
MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) has finalized the acquisition of Parkland, Plastics, Inc. of Middlebury-Indiana. Parkland designs, manufactures and distributes polymer-based wall and ceiling panels, coated and rolled floors, protective moulding, adhesives and accessories for the manufactured home and recreational vehicle industries. While the net
Patrick acquires Parkland Plastics Read More
What’s New in public focused Manufactured HomeLivingNews.com Discovering a 9 out of 10 “Mobile Home Park” Lifestyle What’s New in Manufactured Housing Industry Professional News MHC development on Pacific coast may wash out, while Hillcrest MHC in New Hampshire gets nod for expansion. UK modular plant to hire 400-500, modulars
Sunday Morning Recap-Manufactured Housing Industry News Feb. 21-Feb. 28, 2016 Read More
Warren Buffett, in his annual letter to stockholders, said the economy is doing much better than some politicians running for the White House say in their campaign talk. According to NPR, he said children born today will have a very good life, despite the slow recovery from the Great Recession.
Oracle of Omaha Defends Clayton Homes Read More
Monitac Remotely Possible, headquartered in Dubai, UAE, is beginning to provide modular farmworker housing to farms on the U. S. west coast made of shipping containers. Containers are altered into six to eight bunkhouses, or can be used for living or office space. They can be stacked three stories high,
Dubai-based Company moving on West Coast Workforce Modulars Read More
Okaloosa County, Fla. Sheriff’s Deputies say 58 year-old William Hemphill and his son, Anthony Hemphill, 38, have admitted their guilt in a conspiracy to defraud non-profits, according to wjhg. The Crestview father and son told organizations that the company they represented would provide new modular homes if the non-profit would
Money Taken for Modular Homes, Promises Broken Read More
Updating a story MHProNews has been following with over a dozen posts since Oct. 28, 2015, player.98fm reports from Dublin, Ireland, the modular units to house the homeless have been hit with another delay in Ballymun. Initially scheduled for 22 homes to be ready for occupancy by Christmas, the project
New Delays in Dublin Modulars for Homeless Read More
