Manufactured and Modular Housing News

Housing Starts Fall in October, while Building Permits Rise Read More

Housing Starts Fall in October, while Building Permits Rise

By Matthew Silver / November 20, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

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

Dow up +3.35% on Week; MHCV Rises +1.66 Percent Read More

Dow up +3.35% on Week; MHCV Rises +1.66 Percent

By Matthew Silver / November 20, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

HUD Secretary Castro Praises Manufactured Home Industry Read More

HUD Secretary Castro Praises Manufactured Home Industry

By Matthew Silver / November 20, 2015 / Advocacy, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People, Trade Shows

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

Dublin Maintains Modular Homes will be Ready by Christmas Read More

Dublin Maintains Modular Homes will be Ready by Christmas

By Matthew Silver / November 20, 2015 / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular

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

Crime Prevention Techniques Targeted to Manufactured Home Communities Read More

Crime Prevention Techniques Targeted to Manufactured Home Communities

By Matthew Silver / November 20, 2015 / Communities, Manufactured and Modular Housing News, Manufactured Homes

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

3D Printing Modular Homes using Mystery Ingredient may be Fraudulent Read More

3D Printing Modular Homes using Mystery Ingredient may be Fraudulent

By Matthew Silver / November 19, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

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

Dover Excludes Manufactured Housing but Allows Modular Homes Read More

Dover Excludes Manufactured Housing but Allows Modular Homes

By Matthew Silver / November 19, 2015 / Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation

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

After Yesterday’s Gains, Stocks Relatively Quiet Today Read More

After Yesterday’s Gains, Stocks Relatively Quiet Today

By Matthew Silver / November 19, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

City Council Overrides Mayor’s Veto over Manufactured Housing Read More

City Council Overrides Mayor’s Veto over Manufactured Housing

By Matthew Silver / November 19, 2015 / Legal, Manufactured and Modular Housing News, Manufactured Homes, People, regulation

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

Housing Market Index slips for Single-family Homes Read More

Housing Market Index slips for Single-family Homes

By Matthew Silver / November 19, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

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

California Utilities Upgrading Service to Manufactured Home Residents Read More

California Utilities Upgrading Service to Manufactured Home Residents

By Matthew Silver / November 19, 2015 / Business, Communities, Manufactured and Modular Housing News, Manufactured Homes

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

Patrick Industries Veep Purchases Company Stock Read More

Patrick Industries Veep Purchases Company Stock

By Matthew Silver / November 18, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

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

Capital One Brokers Loan for Orange Grove Land Lease Community Read More

Capital One Brokers Loan for Orange Grove Land Lease Community

By Matthew Silver / November 18, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

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

NASDAQ crosses 5,000 Mark, Dow Gains 247 Points, MHCV moves up 2.71% Read More

NASDAQ crosses 5,000 Mark, Dow Gains 247 Points, MHCV moves up 2.71%

By Matthew Silver / November 18, 2015 / Business, Manufactured and Modular Housing News, Stocks

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

Trump, Kasich, Shale and Manufactured Housing Read More

Trump, Kasich, Shale and Manufactured Housing

By Matthew Silver / November 18, 2015 / Business, Communities, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes

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

CA County Issues Ordinance to Ban Manufactured Home Community Closure Read More

CA County Issues Ordinance to Ban Manufactured Home Community Closure

By Matthew Silver / November 18, 2015 / Advocacy, Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation, RV

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