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: 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
In the news from CNNMoney: Oprah lost $27 million on Weight Watchers. Republic Airways files for bankruptcy. 846,350,968 passengers flew on airplanes in 2014, 12% of the world’s population. Gross domestic product grew 2.4 percent in 2015. Stamp prices to drop two cents in April. Each of Berkshire Hathaway’s stocks
Affiliated Managers Group Gains over Five Percent; Dow Slips Read More
The yorkshireeveningpost in the UK informs MHProNews that a leading financial services company, Legal and General Homes, is opening a new modular home construction facility in Sherbun-In-Emet that will employ 400 to 500 workers. The company has inked a long-term lease for a 550,000 sq. ft. warehouse, which it says
Modular Home Factory to Hire 400 to 500 Read More
The above-named’s Equity LifeStyle Properties, Inc. (NYSE:ELS) reached a new day high of $71.81 in yesterday’s trading, after hitting an intraday low of $69.87, according to fidaily. The 685,512 shares that traded hands resulted in the stock resting at day’s end at $71.54. The 50-day moving average of $66.41 is
Sam Zell Continues Smiling Read More
The manufactured home community (MHC) in Hewitt, Texas was established in 1970, and about ten years later ordinances were approved to govern the community, but now need to be updated. Specifically, the city’s community development director, Terry Lankford, wants to make them more accommodating to residents. Dealing with lot sizes
Older MHC Requires New Ordinance to Accommodate Larger Homes Read More
A 32.1 percent drop in new home sales in the West led total new home sales across the nation to drop 9.2 percent last month to a seasonally adjusted annual rate (SAAR) of 494,000, less than the 501,000 in Jan. 2015, reports oregonlive. “With inventory still very tight, prices will
Housing Market Recovery: Making Haste Slowly Read More
According to atr.org, Republicans on the House Financial Services Committee have set their sights for 2016 on repealing the Volcker Rule and the perpetually funded Consumer Financial Protection Bureau (CFPB). The Volcker Rule is named after Paul Volcker, the former Federal Reserve Chairman who was appointed by President Obama to
House Committee Seeks to Repeal Volcker Rule and CFPB Read More
In the news from CNNMoney: Hallliburton cuts another 5,000 jobs. China stocks lose over six percent. Venezuela shipping gold to pay debt. Apple’s case against FBI will be tough. Google robot can open windows, walk through the snow, place objects on a shelf and pick itself up after being knocked
ELS Gains +2.91%, Advances to $71.54; MHCV Gains +1.35% Read More
MHProNews has learned Patrick Industries, Inc. (NASDAQ:PATK)’s vice president of human resources, Courtney Blosser, sold 10,799 shares of company stock at $41.90 per share for a total transaction of $452,091. Blosser currently owns 19,560 shares of Patrick, about 0.12 percent of of the company’s market capitalization, according to franklinindependent. Meanwhile,
Insider Trading at Patrick Industries, Inc. Read More
The first phase of a pilot project of 30 to 40 modular shipping container homes to house the homeless in Vancouver, British Columbia could result in 300 of the homes added each year. While the plans are in the early stages, each 150 sq. ft. unit will have its own
Vancouver may Provide 300 Modular Homes Annually for Homeless Read More
According to an affordable housing advocacy group, nationalmortgagenews informs MHProNews, low-to moderate-income consumers and minorities face a rocky road when it comes to buying a home in New York. The Association for Neighborhood & Housing Development (ANHD) said these groups have a hard time finding credit to purchase a home,
Demographics of New York not Reflected in Home Purchase Loans Read More
In the news from CNNMoney: Twitter founder Jack Dorsey and Facebook founder Mark Zuckerberg threatened by ISIS. Nike’s Phil Knight gives $400 million to Stanford University. Oil plunges to below $30, regains, moves back to $32—still volatile. Beijing has more billionaires than New York. While gas falls in U. S.
Universal Forest Products Gains +6.55 Percent in Two Days Read More
The S&P/Case-Shiller index of home prices in 20 U. S. cities rose 5.7 percent from Dec. 2014, while nationally prices increased 5.4 percent year-over-year, according to bloomberg. While gains in payrolls and low jobless claims may be making home buying more attractive, continuing low-interest rates and more affordable properties for
Stabilizing Home Prices could make Home-buying More Feasible for First-time Buyers Read More
