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 honor of the Christmas holiday, all U. S. stock markets are closed today. (Photo credit: wikipedia commons-New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
Stock Markets are Closed Today Read More
Kaj and Carla Sorensen would like to add three more manufactured homes to their Sorensen Rentals manufactured home community (MHC) in Milton, Fla., but the city’s Code of Land Ordinances is not zoned to allow any more non-conforming structures, according to what srpressgazette tells MHProNews. City Planner Randy Jorgenson said,
City Ordinance Prevents Siting of more MH in Community Read More
The staff of MHProNews and MHLivingNews wish you and yours a most joyful Christmas season. (Photo credit: goshennews–Lippert Christmas gifts to the community) Article submitted by Matthew J. Silver to Daily Busines News-MHProNews.
In the news from CNNMoney: North America’s best oil shale patch is Grande Prairie in Canada’s northwest Alberta community, with 449 trillion cubic feet of natural gas. Baltimore, New York, Atlanta, St. Louis, Nashville, San Francisco and Los Angeles ae welcoming immigrants. Gun maker to forge $1M pistols from meteorite.
Stocks Relatively Quiet in an Abbreviated Trading Session Read More
According to a required filing with the Securities and Exchange Commission (SEC), Tontine Capital Partners LP disclosed that it has a 9.3 percent stake in the common stock of Elkhart, IN-based Patrick Industries, Inc. (NASDAQ:PATK). Tontine currently owns 1,439,778 shares of stock valued at $60,225,914, as reported by dakotfinancialnews. Other
Tontine Discloses Ownership of 1.43M Shares of Patrick Read More
MHProNews has learned from bloomberg that new home sales rose in Nov. 4.3 percent to an annualized pace of 490,000, slower than the 505,000 median estimate of economists surveyed by bloomberg. Previous estimates ranged from 400,000 to 550,000. The rate in Oct. was 470,000. Home sales have been choppy throughout
New Home Sales Weaker than Expected Read More
Following the devastation caused by Typhoon Soudelor, which slammed into the Commonwealth of the Northern Mariana Islands (CNMI) on Aug. 2, 2015, the GreenStay two-bedroom modular house made of old shipping containers at the Garapan Fishing Base has received well over a thousand visitors since opening to the public last
Modular Container Home Scores Big in Micronesia Read More
MHProNews has learned that Pleasant Valley Homes, Inc., of Pine Grove, Pennsylvania has acquired Fork Creek Park Model Recreational Vehicles, an Amish-built maker of vacation and recreation homes, which will now be built in the company’s state-of-the-art facility in Schuylkill County, PA. Pleasant Valley currently produces Pine Grove HUD Code
Pleasant Valley Moves into the RV Market Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the so-called “new” duty to serve (DTS) rule issued by the Federal Housing Finance Agency (FHFA) Dec. 18, 2015, much like the original 2010 implementation, continues the exclusion of manufactured home (MH) chattel loans, which make up some 70 percent
MHARR Criticizes FHFA for Continuing to exclude Chattel Loans Read More
In the news from CNNMoney: Curbside shopping helps eliminate stress. OPEC slams electric, alternative energy autos. Budweiser buying up craft beers, owns 8, bought three more this week. Craig Jelinek of Costco chosen best CEO of the year. Millennials savings rate is a negative two percent, the only age group
Louisiana Pacific tops Gains, Nobility Homes Falls the Most Read More
Manufactured home community owners in Bismarck, South Dakota are complaining that special assessments imposed by the city council on manufactured home sites are double those of lots for single-family homes, adding it puts an unfair burden on those who can least afford it. Residents pay taxes on their homes and
Special Assessments on MHC Sites draws Ire of Owners Read More
For its fiscal year ending Oct. 31, 2015, Nobility Homes, Inc. (OTCQX:NOBH) reported sales for the year rose 32 percent $27,836,804 as compared to $21,152,259 recorded in fiscal year 2014, according to what yahoo.finance tells MHProNews. Income from operations (IFO) for FY 2015 nearly tripled over last year’s numbers of
Nobility Homes’ Sales Rise 32 Percent Read More
A story MHProNews last published Sept. 10, 2015 concerning a business in Brewer, Maine that has been converting shipping containers into modular buildings since 2011, was ordered to cease and desist. The attorney general’s office said it was making manufactured homes (MH) without a license. It has now received a
SnapSpace may Move Modular Container Building Operation to South Carolina Read More
Following a story MHProNews last published Nov. 16, 2015 regarding the Mojave County, Arizona’s Board of Supervisors attempt to limit siting in the county of manufactured homes no older than seven years old, the mojavedailynews reports the board took no action at Monday night’s meeting. Retailers, installers, manufactured home owners
Arizona County Postpones Ruling on Siting Older Manufactured Homes Read More
As part of a statewide allocation of $22.6 million in grants that will help create affordable housing, deliver social services and revive downtown communities covering 1,166 different projects, more than $2 million will be going to communities in western New York state to improve homes and help create a path
Block Grants will Replace Manufactured Homes in Western NY Read More
In the news from CNNMoney: Smokey and the Bandit Trans Am set for auction. Chipotle stock plunges on new E. coli fears. Oil giant ConocoPhillips leaves Russia. Messy election results drag down markets in Spain. Global insurance giant Chubb insures against cyberbullying. Gross domestic product grew two percent in U.
Patrick Tops MH-related Stocks; Dow Gains Nearly one Percent Read More
“The new rules are the reason I drink,” said Joe Parsons, a senior loan officer at mortgage lender PFS Funding in Dublin, California, referring to the federal home disclosure rules created to give borrowers more time to review documents. He says because the new rules are extending closing times beyond
Existing Home Sales Fall, TILA-RESPA Rule Blamed Read More
Continuing a pattern set in motion Nov. 2014, one which MHProNews has reported on numerous times since, Jeffrey L. et al Gendell (a.k.a. Jeffrey Gendell) unloaded 66,753 more shares of Patrick Industries, Inc. stock, as told by dakotafinancialnews. According to a filing with the Securities and Exchange Commission, required of
Gendell Deals more Patrick Stock Read More
Tent City 3 in Seattle, Washington is a peer-run homeless encampment with ties to social welfare services and some 60 residents, according to news.ca.yahoo. A 2014 report from the National Law Center on Homelessness & Poverty (NLCHP) indicates citywide anti-camping bans have risen by 60 percent since 2011. The U.
Seattle’s Tent City Provides Structure for the Homeless Read More
In the news from CNNMoney: Spain has a $2 billion lottery: tickets cost $218 each. Toshiba predicts $4.5 billion annual loss. For Santa to visit all 675 million households worldwide, traveling 226 million miles, and if he was buying jet fuel at $1.20/gal., he would need 45 million gallons of
Dow Slowly Climbs back from Losses; MHCV loses -0.09 percent Read More
