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.
Following a topic we last covered Nov. 5, 2015 regarding the numbing effect of mandated sprinkler systems on home building in Maryland, lawmakers held a hearing to determine if counties can opt out of a new state law requiring all new homes, including manufactured homes (MH), to have sprinkler systems. […]
Maryland Counties want to Opt out of Mandated Sprinkler Read More
Millions of manufactured home MH owners and thousands of MH professionals are being adversely impacted by the current state of CFPB regulations. Yet the fog created by interest groups that oppose changes to Dodd-Frank or the Consumer Financial Protection Bureau (CFPB) current policies have slowed the progress in the Senate
Cutting through Media Fog for Manufactured Home Owners and Pros Read More
The town of Snowflake, Arizona has signed off on an agreement for Navajo County to be responsible for enforcing installation standards of manufactured housing and factory-built buildings. The county has a previously signed agreement with the AZ Department of Fire, Building and Life Safety Office of Manufactured Housing for the
Responsibility for Enforcing MH Installation Standards Passes from Snowflake to County Read More
“There is a chronic housing shortage in many parts of the country: demand exceeding supply has resulted in property values increasing to unaffordable levels, owner occupation rates are decreasing. Market rents, being a function of property value, have also increased as more families look to the rented sector for housing,”
Who Else has an Affordable Housing Problem? Read More
Rob Ripperda of the Texas Manufactured Housing Association (TMHA) informs MHProNews the Stat Tracker indicates Texas continues to lead all states in the sales of manufactured homes. The state notched 14,861 total MH sales in 2015 through Nov., 2015. There is a 60-day window for submission of sales, and with
Texas Manufactured Home Sales Statistics Read More
In the news from CNNMoney: NFL Commissioner Roger Goodell takes $1 million pay cut to $34 million. Bernie Madoff hates the ABC show about him. Home security giant ADT sells for $7 billion. Berkshire Hathaway to livestream shareholders meeting. Russian vodka exports fall 40 percent because of sanctions. China’s big
Nobility Gains +7%, Berkshire Hathaway Slips, NASDAQ Advances +2.27% Read More
Thirteen additional modular units have been added to the Tabanovce refugee transit center in Macedonia, where thousands of refugees cross almost every day as they head toward the European Union countries, as independent.mk informs MHProNews. The added housing will accommodate the most vulnerable refugees, and will provide office space to
Macedonia Refugee Center Importing more Modular Units Read More
A measure before a Kansas House committee would provide vocational training and equipment for inmates at the Ellsworth Correctional Facility to produce up to five homes a year that would then be sold or donated to a needy family. Current law restricts the sale of prison-made goods like dormitory and
Kansas Manufactured Housing Association Opposes Home Building in Prison Read More
Two tri-state off-site home builders in Iowa are seeing improvements in their respective housing markets, according to thonline. Doug Stimpson, vice president and general manager of All American Homes in Dyersville, in northeastern Iowa told MHProNews that business has increased 30 percent in the last four years, and already this
Northeastern Iowa Growing the Off-site Homebuilding Market Read More
MHProNews has learned from insideindianabusiness that Patrick Industries, Inc. (NASDAQ:PATK) is spending over $1 million in new information, technology and facility improvements at two leased buildings in Mishawaka, Indiana comprising 140,000 square feet of space, with plans to create 84 jobs. Patrick has a five-year lease for the two buildings,
Patrick Expansion to Add 84 Jobs Read More
While Millennials are of the age group of historical homebuyers, builderonline reports as of 2014, 8.8 million of young adults ages 25-34, over 20 percent in that age group, continue to live with family, according to National Association of Home Builders (NAHB) research. Analyst Natalia Siniavskaia points to the lack
Millennials Living with Family See Income Drop Read More
Currently in Corpus Christi, TX, the city owns a number of vacant lots it wants to site with homes, according to what caller tells MHProNews, and intends to infill with affordable housing. Streets Committee Chairman Andy Taubman is in favor of using manufactured homes as infill, and to this end,
City may Infill Vacant Property with Manufactured Homes Read More
U. S. stock markets are closed today in honor of President’s Day. Markets will reopen, Tuesday, Feb. 16 at 9 AM. (Photo credit: wikipediacommons–New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
U. S. Stock Markets Closed Today Read More
Following a story regarding the proposed rule by HUD that would draw a better distinction better manufactured housing and Park Model RVs, as MHProNews posted Feb. 13, 2016, two national RV associations issued a joint statement which reads, “This proposed rule provides a critical solution to the regulatory uncertainty that
New Proposal from HUD Draws Applause Read More
According to financialspots, President Obama has appointed Carlyle Group partner Jerome Powell to serve on the Federal Reserve Board of Governors. Powell was undersecretary for finance under the George H. W. Bush presidency. One of the largest defense contractors in the world, Carlyle includes among its ranks some of the
MHC Owner Carlyle Group has Deep Washington Ties Read More
What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U.
Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More
Following a story MHProNews posted Feb. 8, 2016 regarding the exemption of recreational vehicles (RVs) from the Department of Housing and Urban Development’s (HUD) definition of manufactured housing (MH), proposed new rules would not exempt RVs that are used as a primary residence or for permanent occupancy. According to realestaterama,
Senators Donnelly, Coats Support new HUD Rule Read More
Operating four factories with a team accustomed to the complex task of building, transporting and setting modular units, modular construction company Whitley Manufacturing has acquired modular builder Capsys and its proprietary building system, according to multihousingnews. While Whitley intends to manufacture Capsys at its Leola, Pennsylvania facility, it wants to
Capsys Swept up by Modular Builder Whitley Manufacturing Read More
As dailydemocrat tells MHProNews, a 2006 study by the University of New Hampshire compares resident-owned manufactured home communities (MHC) to those owned by investors. The research revealed those who live in a community owned by the residents, called cooperatives, have lower site rents, higher average home sales prices as well
Study Reveals Resident-Owned Communities pay less for Sites Read More
In the news from CNNMoney: Dow is now down 1,451 points on the year. Bookstores record first rise in sales since 2007. Oil spikes 12 percent in largest gain since 2009. Trump claims he will bring jobs back from China and Mexico. JPMorgan Chase CEO Jamie Dimon plunked down $26.6
Dow Spikes, Carlyle Advances over 10 Percent, MHCV Gains more than Five Percent Read More
