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.
Quirky hotel chain Snoozebox, which provides pop-up hotel rooms for music festivals and sporting events within 24 hours, has inked a contract with Ealing Council in the United Kingdom to provide 44 modular homes for emergency housing, according to telegraph.co.uk. With the need for 250,000 new homes annually to ease […]
Housing Shortage leads to Modular Homes Rising in England Read More
The writers, sponsors and supporters of MHProNews and MHLivingNews extend their warmest wishes for a most fulfilling and Happy Thanksgiving to one and all. (Photo credit: fotosearch) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
Markets Closed Today, Happy Thanksgiving Read More
“The optimist doesn’t deny the reality of rain. The optimist just picks up an umbrella, and opens as needed.” – The Elk. Problem solving requires realistic, objective thoughts and a search for practical solutions. Thanksgiving is rightly a time of celebration. Right after turkey, family, friends and Black Friday door-busters,
Optimists, Workplace Terrorists and What’s Coming Read More
Although HUD Secretary Julian Castro praised the manufactured home industry for making affordable home ownership possible in a recent speech to the Manufactured Housing Institute (MHI), another part of the federal government, the Consumer Financial Protection Bureau (CFPB), restricts lending on manufactured homes valued at $20,000 or less. Some say
Crucial Vote on MH Lending due in Congress by Dec. 11 Read More
Residents of the two manufactured home communities (MHC) in Kitimat, in the far northern reaches of British Columbia (BC), are on track to receive more security should their communities be repurposed, according to what northernsentinel tells MHProNews. The proposed policy of the Kitimat District will establish time frames and remuneration
Kitimat B.C. Council Extends Notice Date for MHC Redevelopment Read More
In an insider trade, as reported by voicechronicle, Jason Lippert, CEO of Drew Industries, Inc. (NYSE:DW) sold 2,800 shares of company stock at $59.80 per share for a net of $167,440. He still owns 130,711 shares, 0.55 percent of the company’s market cap of $1.41 billion. Company stock has risen
Drew CEO Sells 2,800 shares of Company Stock Read More
In the news from CNNMoney: HP falls 14% upon word of weak sales. Americans are saving more than spending. Tyson Foods, Hormel and Campbell all reported solid earnings this week. Airlines saved $11 billion on fuel in first nine months of 2015. CEO of Brazil’s largest investment firm arrested. Nine
MHCV Remains above 1200; LPX and Drew also Gain over Two Percent Read More
MHProNews has learned from builderonline that construction of single-family homes built specifically as rental units rose to 9,000 units for Q3 2015, compared to 7,000 for the same period last year. Robert Dietz of the National Association of Home Builders (NAHB) looks at statistics from the Census Bureau’s Quarterly Starts
Built-to-rent Homes Increase Read More
For the past 12 years the Gloucester County Habitat for Humanity has spent $2 million acquiring property and rehabbing and building homes, but for the first time they are building a modular home for a family of four in Woodbury, New Jersey. This is the second Habitat home in Woodbury
Modular Home is First for New Jersey Habitat for Humanity Read More
With strengthening demand in the U. S. construction market, especially in commercial construction, including housing starts that are expected to remain strong, Universal Forest Products, Inc. (NYSE:UFPI) is well-poised to reap benefits, according to what Zacks tells MHProNews. UFPI anticipates $3 billion in sales by 2017 UFPI will likely gain
Zacks Posits UFPI will Realize Solid Growth, Issues Strong Buy Read More
The National Association of Realtors (NAR) informs MHProNews existing home sales declined 3.4 percent in October to a seasonally-adjusted annual rate (SAAR) of 5.36 million units, following Sept.’s sales pace of 5.55 million units, the second highest since 2007. Falling more than expected, regions which have realized the largest price
Existing Home Sales Drop in October Read More
In the news from CNNMoney: Congress wants billions from the Federal Reserve’s piggy bank to help fix roads. Iran preparing to return in big way to world oil market. Recent credit card upgrade may lead to longer lines at checkout. Economy grew by 2.1% in third quarter, better than expected.
Nobility Spikes, MHCV Crosses 1200 Mark Read More
The Manufactured Housing Association for Regulatory Reform i(MHARR) informs MHProNews that it has exposed an attempt by the federal manufactured housing program to increase the influence of a monitoring contractor over HUD Code homes for the Federal Emergency Management System (FEMA). This “rogue” inspection set-up, as MHARR calls it, duplicates
MHARR Calls out HUD on Monitoring Contract Role Read More
Sponsored by Garland “Andy” Barr (R-KY), the HR 1210 Portfolio Lending and Mortgage Access Act was introduced March 3, 2015 and passed the House of Representatives Nov. 18, 2015. It now goes to the Senate for Consideration, as MHProNews understands. Here is a summary of the bill from the Library
Amendment to TILA Provides Safe Harbor vis-a-vis QM Read More
To update a post MHProNews last published Nov. 20, 2015 regarding modular homes being built for homeless people in Dublin, Ireland, for the first 22 units–of a planned 400–the government has inked a contract with Co Tyrone company Western Building Systems for $3.94 million, according to campus.ie. The project was
Modular Builder Chosen for Dublin Contract Read More
Responding to a letter sent by Santa Barbara (Calif.) Mayor Helene Schneider regarding the Punta Gorda manufactured housing (MH) project, State Senator Hannah Beth-Jackson (D-Santa Barbara) and Assemblymember Das Williams (D-Carpinteria) released a statement indicating some displeasure with the project, according to noozhawk. Sen. Jackson, noting the importance of community
Manufactured Home Project Draws Ire of Legislators, Constituents Read More
In lieu of the drop in single-family modular home construction, modularhomecoach tells MHProNews a sizable gathering of factory owners and top management will meet for a Round Table in Lewisburg, Pennsylvania Dec. 3 to plan steps for reversing the downhill trend and improve public perception of modular homes. Modular homes
Modular Home Builders Try to Stimulate the Industry Read More
In the news from CNNMoney: OPEC kingpin Saudi Arabia keeps oil prices low, squeezing U. S. shale markets. Chipotle closing stores following E. coli outbreak. Pfizer and Allergan combine to create largest drug manufacturer. Britain buying Boeing planes to counter ISIS and Russia. Ikea donating percentage of profits to refugees.
MHCV Rises +1.99 Percent, besting Dow, NASDAQ and S&P Read More
Updating the story last reported Nov. 4, 2015 that MHProNews has been following concerning the clean-up and rebuild going on in the wake of the Valley and Butte wildfires in California, the new threat to the area, with all the underbrush and vegetation gone, is the possibility of flooding within
Wildfires Open Door to Flooding and Mudslides—if California does Get Rain Read More
After five years of debate and rewriting of manufactured home standards for communities, the Laramie (Wyoming) City Council is one reading away from passing ordinances pertaining to manufactured home communities (MHC), with a final reading set for Dec. 1. They allow pre-HUD Code homes to be moved within a community,
New Ordinances for MH Communities One Reading Away Read More
