Manufactured and Modular Housing News

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.

Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent

By / / Business, Stocks

In the news from CNNMoney: Uber competitor Sidecar throwing in the towel. Al Jazeera backpedals from alleging Peyton Manning did performance-enhancing drugs. California toughens equal pay law. Chipotle stock plunges 35 percent as norovirus and 2nd E. coli outbreak plague officials. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced […]

Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent Read More

MHCC to Meet in Louisville

By / / Advocacy, Legal, Manufactured and Modular Housing News, Manufactured Homes

The Office of the Federal Register informs MHProNews that the Manufactured Housing Consensus Committee (MHCC) meeting will be held Jan. 19 thru Jan. 21 at the Kentucky Exposition Center in Louisville, KY, 9:00 AM to 5 PM each day, somewhat overlapping the Louisville Manufactured Housing Show. The agenda for the

MHCC to Meet in Louisville Read More

Contractor Charged with Stealing over $175,000

By / / Business, Company News, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

A Long Island, NY contractor, Andrew Troiano, and his firm Alt Design & Construction Consulting, Inc., have been charged with stealing over $175k from three victims, two of whom were to receive modular homes to replace their homes destroyed by Hurricane Sandy on Breezy Point, according to theforumnewsgroup. The third

Contractor Charged with Stealing over $175,000 Read More

Sun Leaves Diseased Tree, Declares Quarterly Dividend

By / / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Following a story MHProNews posted Dec. 17, 2015 regarding a diseased tree that Sun Communities (SUI) was ordered to remove from Water Oak manufactured home community in Lady Lake, FL, villages-news reports as of Sunday, the tree was still there. Special Magistrate Valerie Fuchs ordered Sun to remedy the tree

Sun Leaves Diseased Tree, Declares Quarterly Dividend Read More

Capital One Provides $11M+ Loan for Starlight in Southern CA

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Formulating a seven-year adjustable-rate loan with a two-year interest only period, Capital One has arranged a Freddie Mac $11.719 million refinance for Starlight Mobile Home Park senior-only manufactured home community (MHC) in El Cajon, CA. Senior Vice President Chad Thomas Hagwood, of the Birmingham, AL multi family office, originated the

Capital One Provides $11M+ Loan for Starlight in Southern CA Read More

Arizona Manufactured Home Community to open Soon

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from yumasun that manufactured home community (MHC) Rancho El Mirage is nearing completion in Wellton, Arizona. The 55-and-older restricted, gated community, built around select holes of the Coyote Wash Golf Course, has 202 home sites, and offers extensive amenities, including fishing and boating, a pool and spa,

Arizona Manufactured Home Community to open Soon Read More

Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015

By / / Advocacy, Business, Communities, Company News, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace

Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More

Modular Housing Spreads in Ireland for the Homeless

By / / Advocacy, Business, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

While MHProNews has been following the stop and go development of modular homes to replace emergency accommodations for the homeless in Dublin, Ireland, as we last reported Dec. 18, 2015, Fingal County Council CEO Paul Reid is defending plans for 40 modular housing units for the homeless in Balbriggan, just

Modular Housing Spreads in Ireland for the Homeless Read More

New Leadership at NeighborWorks Montana

By / / Business, Company News, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Maureen Rude, the former director of the Montana Fannie Mae Partnership office and executive director of the Montana Board of Housing, will become the new Executive Director of NeighborWorks Montana in Jan., 2016, according to greatfallstribune. Rude has served as director of lending and operations for eight years. The previous

New Leadership at NeighborWorks Montana Read More

Gendell Continues to Unload Patrick Stock

By / / Business, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

In a continuing sell-off of Patrick Industries, Inc. (NASDAQ:PATK) stock, Jeffrey L. Et Al Gendell sold 59,659 shares of company stock, according to a disclosure filed with the Securities and Exchange Commission (SEC) dated Dec. 23, 2015. The shares were sold at an average price of $41.41 for a total

Gendell Continues to Unload Patrick Stock Read More

City Ordinance Prevents Siting of more MH in Community

By / / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

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

Stocks Relatively Quiet in an Abbreviated Trading Session

By / / Business, Manufactured and Modular Housing News, Stocks

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

Tontine Discloses Ownership of 1.43M Shares of Patrick

By / / Business, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

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

New Home Sales Weaker than Expected

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

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

Modular Container Home Scores Big in Micronesia

By / / Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, People

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

Pleasant Valley Moves into the RV Market

By / / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, RV

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

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