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: New glass can bend in half without shattering. Mark Zuckerberg taking heat in Beijing. Trump’s Mar-a-Lago hires hundreds of foreign workers. Bankrupt Sports Authority to close 140 stores. India’s massive garbage fire visible from space. Made in China label is actually not that cheap. Domino’s […]
MHCV Finishes Week just below 2,000; Dow Gains 120 Points Read More
Rick Robinson of the Manufactured Housing Institute (MHI) informs MHProNews of the second reading by the Darlington County Council in South Carolina of amendments to a manufactured housing (MH) ordinance. The proposed ordinance requires a county registration decal be displayed on any MH within 15 days of its transfer of
South Carolina City Amends MH-related Ordinance Read More
Following their primary wins, both Hillary Clinton and Donald Trump hold commanding leads in New York, ahead of the April 19 primary, that could determine their ultimate candidacies, according to a survey by the Emerson College Polling Society, reports media.wix. The Society, a Department of Communications Studies at Emerson College,
Builder of eco-friendly, sustainable modular homes, Geenfab announced it has completed its new factory in Washington state in anticipation of reaching a broader market in the West and beyond. Founder Johnny Hartsfield said the new facility will help the company expand production and services to clients. “We continue to focus
Greenfab Opens New Factory Read More
In a letter to the editor of sanluisobispo, Bob Vasholtz writes that while we support low-income housing, we mostly do not want low-income people living next door. He states manufactured housing is “the lowest cost form of quality housing” because the homes are built indoors, consistently, using standardized production procedures.
Quality of Manufactured Homes Praised in Letter to the Editor Read More
In the news from CNNMoney: Ireland’s economy is growing faster than China’s. Oil prices spike to $40/bbl. Peru shines as Brazil spirals. ABS will be standard in autos by 2022. Smokeless tobacco banned at baseball stadiums. Erasing 2,000 point plunge, Dow turns positive for the year. Whole Foods stock at
Deer Valley Skyrockets +72.50 Percent Read More
While governmental officials, industry leaders and financial executives agree that manufactured housing (MH) is a solution to the problem of affordable housing in the nation—Julian Castro, head of the U. S. Department of Housing and Urban Affairs (HUD) calls MH a “vital solution for folks of modest means”–regulations imposed by
MHI’s Dick Jennison, CFPB’s Richard Cordray on Manufactured Home Loan Regulations Read More
With over 4,000 homeless people on the streets every night in San Jose, California, and 6,500 homeless in Santa Clara County, city officials plan to install manufactured homes on a plot of city-owned land to house up to 170 people. Purchased with state development funds, each home will have six
Manufactured Homes Chosen to House Homeless Read More
The Caswell County (North Carolina) Commissioners (NC) split evenly on a vote to consider using cement fiberboard as an alternative to brick for skirting on manufactured homes (MH), and asked Building Inspector Ray Pulliam to further investigate if it is suitable, as caswellmessenger informs MHProNews. Several said using brick is
Commissioners Reject Cement Fiberboard for MH Skirting Read More
Calling it “slow but steady progress,” the National Association of Home Builders (NAHB) reports to MHProNews that the Housing Market Index for March was unchanged at 58, after rising to 64 last October, which was a ten-year high. January saw sales of existing homes hit the second highest rate of
Builder Confidence for Single-family Homes Remains at 58 Read More
The non-profit Semcac, a community action agency in southeastern Minnesota, has funding available to loan to eligible residents for rehabilitating their homes, including manufactured homes (MH). The 0 percent interest loans have a 15-year term—ten-year for MH, providing it is in an MHC, as southernminn tells MHProNews, all funded through the
Minnesota Housing Providing Loans to Rehab Manufactured Homes Read More
In the news from CNNMoney: Trump’s 500 businesses would provide monumental ethical dilemma should he become president. UK to charge soda tax on sugary drinks. College student 3D printed his own braces. Americans fear dead-end jobs leading to lousy wages. Fed holds off on raising interest rates amid fears of
Skyline Gains 9.32%, MHCV Moves up 1.97% Read More
MHProNews has learned from financial-market-news that Dimensional Fund Advisers LP raised its stake in manufactured and modular home builder Cavco Industries, Inc.(NASDAQ:CVCO) by 8.8 percent during Q4 2015. After purchasing an additional 29,519 shares, the firm now owns 366,796 shares of Cavco stock. Dimensional now owns 4.12 percent of Cavco
Institutional Investors Increase Stake in Cavco Industries Read More
Franklin Homes of Russellville, Alabama has informed MHProNews that Joel S. Logan II has been tapped to serve as General Manager of Franklin, a post he assumed March 14, 2016. With over 20 years in the manufactured housing industry, Logan led the founding of Pinnacle Homes of Alabama in 1996,
New Staff Appointments at Franklin Homes Read More
Commercial real estate investment services firm Marcus & Millichap informs MHProNews that Dan Mulkey of M&M’s Tampa office represented the seller and the buyer in the sale of two adjoining manufactured home communities (MHC) in Tampa, Fla. The buyer, a private investor who owns several MHCs in the area, paid
Marcus & Millichap Arrange Sale of Florida MH Communities Read More
Habitat for Humanity unveiled a plan for rehabbing and/or replacing factory-built homes in the West Boca Watergate Estates manufactured home community (MHC) in Palm Beach County, Fla. In outlining their presentation to residents to work together, Habitat’s Mike Campbell and Ana Neira said a text change in county regulations now
Habitat Program will Involve Residents in Updating their Manufactured Home Community Read More
In the news from CNNMoney: Campari buying Grand Marnier. Trump says fix U. S. trade. Unpaid subprime car loans hit 20-year high. Harrison Ford doing 5th Indiana Jones. Volkswagen investors file $3.6 billion lawsuit. Sony buys Beatles catalog for $750 million from Michael Jackson’s estate. Closest habitable planet to Earth
Deer Valley Plummets -42.03 percent Read More
UMH Properties, Inc. is in the final stages of extensively rebuilding the Memphis Blues manufactured home community, including re-engineered flood protection, at the former site of the Memphis Mobile Community (MMC), severely damaged by flooding. The new community is gated, and features a playground and 24-hour on-site management, as MHProNews
Memphis Blues MHC near Completion by UMH Properties Read More
Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), will be the featured speaker tonight, March 15 at 6:00 PM at the Spring Joint Chapter Meeting of the OMHA in Kent, Ohio. He will discuss industry updates, as MHProNews has learned from OMHA. Back by popular demand this
MH Industry Updates to be Offered by OMHA Executive Director Tim Williams Read More
MHPronews has learned from marketwired that sales for Nobility Homes, Inc.(OTC:NOBH) rose 32 percent in the first quarter of 2016 ending Jan. 30, 2016, while income from operations (IFO) rose an astounding 130 percent over last Jan. Sales hit $7,374,050 Q1 2016 versus $5,576,800 last year; IFO rose from $424,820
Nobility Homes Reports Substantial Quarterly Increases in Revenue, Income Read More
