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 numbers from the National Association of Home Builders (NAHB) that show builder confidence slipped three points in October, zacks tells MHProNews that figures released by the Department of Housing and Urban Development (HUD) and the Census Bureau reveal housing starts in October dropped 11 percent to a seasonally-adjusted annual …
Housing Starts Fall in October, while Building Permits Rise Read More
In the news from CNNMoney: Abercrombie & Fitch stops sexualized marketing, stock rises. New E coli fears at Chipotle downs stock. More Mexicans leaving U. S. than coming to the U. S. Soon, one Euro will equal one dollar. China busts $64 billion underground banking ring. French economy may suffer …
In a video address to the Manufactured Housing Institute’s (MHI) National Communities Council (NCC) Fall Leadership Forum, Department of Housing and Urban Development (HUD) Secretary Julian Castro, calling HUD “The Department of Opportunity,” praised the manufactured home industry for “giving more families access to quality, safe and affordable housing.” The …
HUD Secretary Castro Praises Manufactured Home Industry Read More
Following the ongoing story of providing modular homes for the homeless in Dublin, Ireland, as MHProNews posted last on Oct. 28, 2015, although the government has not chosen a builder, or builders yet, Environment Minister Alan Kelly still maintains it will meet the Dec. 21 deadline for siting the first …
Dublin Maintains Modular Homes will be Ready by Christmas Read More
In an attempt to help keep illegal activity off rental property, the Cañon City (Colorado) Police Department (CCPD) Crime Prevention Unit became licensed to implement Crime Free Programs to bolster partnerships between law enforcement and owners and managers of rental properties. According to what canoncitydailyrecord tells MHProNews, the Crime Free …
Crime Prevention Techniques Targeted to Manufactured Home Communities Read More
Updating a story MHProNews brought you July 17, 2015, concerning a 3D printing press that manufactures modular housing using a secret ingredient by the Zhuoda Group in China, cz reports it is China’s most recent suspected fraud. In China, regulation is not keeping pace with the proliferation of financing schemes …
3D Printing Modular Homes using Mystery Ingredient may be Fraudulent Read More
Following complaints that a newly-issued building permit would allow a manufactured home to be sited on property specified for single-family permanent homes, doverpost reports the Dover (Delaware) City Council agreed to amend city ordinances. While the permit will not be amended, council was asked to change the definition of “one-family …
Dover Excludes Manufactured Housing but Allows Modular Homes Read More
In the news from CNNMoney: Subway Pitchman Fogle gets 15+ years. Music streaming supplier Spotify gives new parents 6 months off. Nation’s largest insurer, United Health, may leave Obamacare. U. S. gender pay gap is getting worse. Applications for unemployment benefits dropped 5,000 last week to 271,000. Australia blocks sale …
After Yesterday’s Gains, Stocks Relatively Quiet Today Read More
A proposal that adds a definition for the 19 manufactured home communities (MHC) to the city’s Comprehensive Plan, and was passed by the Spokane (WA) City Council, was vetoed by Mayor David Condon. An hour later, the council overrode his veto, as spokesman tells MHProNews. Councilman Jon Snyder, who helped …
City Council Overrides Mayor’s Veto over Manufactured Housing Read More
Falling from a ten-year high of 65 in October, the National Association of Home Builders tells MHProNews the housing market index dropped three points to 62, falling below The Wall Street Journal consensus estimate by a point. Any number over 50 indicates builders of single-family homes are optimistic. ”The November …
Housing Market Index slips for Single-family Homes Read More
Following the San Bruno natural gas pipeline explosion in California, Gov. Jerry Brown signed legislation to improve safety of the lightly regulated natural gas and propane distribution piping systems at manufactured home communities (MHC), of which there are 5,000 in the state housing one million people. The first conversion of …
California Utilities Upgrading Service to Manufactured Home Residents Read More
According to financialmagazin, Executive Vice President and Chief Financial Officer of Patrick Industries, Inc. (NASDAQ:PATK) Andy Nemeth purchased 8,000 shares of company stock at $38.20 per share for a net value of $305,797. Nemeth now owns 76,999 shares which comprise 0.50 percent of the outstanding shares of the company. Meanwhile …
MHProNews has learned from Capital One that it arranged a $3.1 million fixed-rate loan package through Ladder Capital Finance to refinance the Orange Grove manufactured home community (MHC) in San Fernando, California. Senior Vice President Chad Thomas Hagwood, the head of Capital One Multifamily’s Birmingham, Ala. office, brokered the transaction …
Capital One Brokers Loan for Orange Grove Land Lease Community Read More
In the news from CNNMoney: Oil falls below $40. Fed signals interest rate hike. Airport workers across the country go on strike. Member of Congress’s net worth averages $1.1 million, 20x that of an American family. Germany a safe haven for investors following Paris attacks. 2$ gas coming to most …
NASDAQ crosses 5,000 Mark, Dow Gains 247 Points, MHCV moves up 2.71% Read More
In the fifth edition of its shale economic development chart, Bricker and Eckler report a 51 percent increase in total investments since a year ago in Ohio’s oil and gas-related projects, amounting to nearly $33.7 billion. In information provided to MHProNews by Ohio Manufactured Homes Association (OMHA), there has been …
The San Mateo County Board of Supervisors in California adopted an temporary urgency ordinance to prevent eight manufactured home communities (MHCs) from closing or converting for the next 45 days in an attempt to keep affordable housing available in the Bay Area. The Bay Area is one of the most …
CA County Issues Ordinance to Ban Manufactured Home Community Closure Read More
Peter Morrissette, of PEM Real Estate LLC, had petitioned the Zoning Board of Adjustment in Laconia, New Hampshire for a zoning variance to allow him to use what had been St. Helena Mission Church as a storage facility. However, stiff opposition from the neighbors, and Warren Hutchins, the chairman of …
A 100-unit full service modular lodging complex in Sydney, Montana will go on the online auction block Dec. 3, 2015, with the bidding starting at $2,000,000, conducted by CBRE. Built in 2013, Eagles Lodging housed oilfield workers in the Bakken Shale and Williston Basin in North Dakota, according to bakken. …
MHProNews has learned from insidertradingreport that UMH Properties, Inc. (NYSE:UMH) director Matthew I Hirsch purchased 1,053 shares of the company, a transaction disclosed Nov. 17, 2015 to the Securities and Exchange Commission. Mr Hirsch acquired the shares at $9.50 per share for a total transaction of $9,999.99. UMH shares have …
In the news from CNNMoney: Iraq is flooding the U. S. with oil. Fox news reporters heat the airwaves with opinions impassioned by Paris attacks. Homeowners buying new roofs and counter tops. Angie’s list rebuffs takeover bid by Barry Diller’s InterActiveCorp. IKEA opening mini stores for ordering and later pick-up. …
Most Stocks Flat, but Patrick Gains 6.56%, Deer Valley Drops Sharply Read More
