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 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
What’s New in public focused Manufactured HomeLivingNews.com HUD Secretary Julian Castro praises Quality, Safe and Affordable Manufactured Homes From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide What’s New in Manufactured Housing Industry Professional News HUD Secretary Castro Lauds
Sunday Morning Recap-Manufactured Housing Industry News Nov. 15-Nov. 22, 2015 Read More
MHProNews published a story on October 18, 2013 reporting that the owners of California’s Buena Vista Mobile Home Park, the Jissers, were interested in selling the community of 104 homes for possibly over $30 million if their plan is approved by the city of Palo Alto, where the median home
Palo Alto Levying Millions on Manufactured Home Community for Closing Read More
MHProNews has learned from indsidertradingreport that M. Scott Welch, a board member of Patrick Industries, Inc., purchased 9,800 shares of company stock at $39.71 per share for a net of $ 391,353.44 on Nov. 18, 2015 and was disclosed to the Securities and Exchange Commission on Nov. 20,2015. As MHProNews
Patrick Board Member Welch Acquires 9,800 Shares of Stock Read More
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
Dow up +3.35% on Week; MHCV Rises +1.66 Percent Read More
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
