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.
Blue Ridge Log Cabins of Campobello, South Carolina has received two national home building awards during the Building Systems Council’s (BSC) Showcase, which is the only national conference and educational event focused exclusively on the systems-built industry. As prnewswire informs MHProNews, Blue Ridge was honored as part of the 2016 […]
Upscale Log Cabin Builder Honored at Building Systems Showcase Read More
In data reported by Calculated Risk Blog, the National Association of Home Builders (NAHB) tells MHProNews the price of framing lumber has declined since 2013 when lumber prices approached housing bubble highs because of higher demand and supply constraints. In the first quarter of 2014, prices did not rise as
Framing Lumber Prices have Fallen Read More
One of the presenters at the Victorian Manufacturing Industry Showcase at Dandenong in Australia was modular home builder Prebuilt, as MHProNews understands. Established in 2003 in the Melbourne suburb of Kilsyth, Managing Director Rob Colquhoun said the company has moved away from conventional kit homes and is developing efficiencies that
Modular Building Gaining Momentum in Australia Read More
The operators of a 113- year-old community-based organic farm in East Austin, Texas, have had their fears of losing the farm to a luxury manufactured home (MH) development allayed, according to what mystatesman tells MHProNews. The Green Gate Farms occupies a portion of 250 acres purchased by Roberts Resorts of
Organic Farm may share Space with Luxury Manufactured Homes Read More
MHProNews has been informed that a collaboration beginning in Dec. 2015 between Champion Home Builders, Inc. and MHVillage will provide the opportunity for visitors to MHVillage to connect with Champion retailers across the country for availability of different models. Additionally, through its extensive network of manufactured home communities (MHC), MHVillage
Champion Homes and MHVillage Link up to Market Homes Read More
Jamie Schnur, Chief Administrative Officer for Drew Industries, Inc. (NYSE:DW) sold 2,115 shares of company stock on Nov. 5, 2015 for $60.52 per share for a net of $127,999.80, according to insidertradingeport. The transaction was disclosed to the Securities and Exchange Commission on Nov. 9. At present, company insiders own
Insider Trading at Drew, as Revenues Increase 17% Read More
In the news from CNNMoney: Crayola launches its first coloring book…for adults. VW owners demand the company buy back their cars. Minimum wage workers on strike for $15/hr. Low oil prices could lead to energy shortages in the future as many producers stop drilling. China will hold global economy back
Deer Valley Spikes 20% plus, while Nobility plunges -10.51% Read More
The Mortgage Bankers Association (MBA) tells MHProNews loan originations for multifamily and commercial properties rose in Q3 2015, increasing 12 percent over the third quarter of 2014, and three percent on a quarterly basis. Retail property loans posted the highest percent rise over last year, +39 percent, while multifamily property
Multifamily Originations Rise in Third Quarter Read More
Maryville, Tennessee-based Clayton Homes has reported a net income increase of 31.1 percent for Q3 2015, to $189 million, according to a regulatory filing, says nationalmortgagenews. A subsidiary of Berkshire Hathaway, revenue rose due to an eight percent increase this year in home unit sales. Additionally, profit grew because of
Clayton Reports Income Increase for Q3 Read More
Builder confidence in the single-family 55+ housing market rose for the sixth quarter in a row, according to what the National Association of Homebuilders (NAHB) tells MHProNews, as the 55% + Housing Market Index edged up three points to 60. Any number above 50 indicates confidence is good. As consumeraffairsreports,
Housing Market Confidence Index for 55+ Homes Rises Read More
MHProNews has learned from dakotafinancialnews that Zacks has upgraded Dynex Capital (NYSE:DX) from a hold rating to a buy rating, with a $7.50 target price on the stock. One of the company’s current production operations is the origination of loans secured by manufactured homes (MH). Dynex also originates mortgage loans
Manufactured Home Loan Securitizer Beats Zacks EPS Read More
In the news from CNNMoney: More than half of U. S. retailers plans to hire seasonal workers, up from 43 percent last year. ‘Too Big to Fail’ banks need $1.2 trillion as cushion against the next possible meltdown. More part-timers are finding full-time work. The economy has added 8.7 million
Only one Tracked Stock Gained in Today’s Trading Read More
The Yucaipa (California) City Council, after visiting several deteriorating manufactured home communities, is considering passing an ordinance to make it easier for community owners to convert their property to a different use. If the community owner wants to develop their property, the ordinance would give pre-approval zoning and a “mobile
City Council Seeking MHC Closure Ordinance Read More
MHProNews has learned from nkytribune a Jefferson County, Kentucky judge has refused to dismiss a lawsuit brought by a former resident of a manufactured home community (MHC) against the community owner, Erlanger, KY-based SSK Communities. Virginia Chappell, who lived in Autumn Lake Pointe MHC (MHC) in southwest Jefferson County, KY,
Kentucky Judge Refuses to Dismiss Lawsuit against Land Lease Community Owner Read More
What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing,
Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More
According to a National Association of Realtors (NAR) survey that tracked a year’s transactions through June, the share of first-time homebuyers fell to 32 percent from 33 percent last year, according to bloomberg. Historically, the rate is 40 percent, and now stands at a 28-year low. Increasing apartment rent, burdening
Share of First-time Homebuyers at 28-Year Low Read More
MHProNews has learned from PRWeb that Fremont, Ohio-based Style Crest has recently developed a new line of Revolv® HVAC products specifically aimed at the manufactured home (MH) market, a market it has been serving for over 40 years. The new product, in addition to meeting all federal standards, features new
Collaboration leads to New HVAC System for Manufactured Homes Read More
While the Housing and Planning Bill now working through Parliament in the United Kingdom has the intent of increasing the housing stock, the rising demand for housing calls for more radical activity to meet the need. As huffingtonpost.uk reports, the architectural firm of Rogers, Stirk, Harbour + Partners, which is
Modular Housing Offers Flexibility, Quick Housing Read More
In the news from CNNMoney: U. S. sees its best wage growth in six years. Oil company defaults are coming because of low oil prices. U. S. economy adds 271,000 jobs as unemployment falls to 5%. With strong jobs report interest rates may yet rise this year. Migrants will boost
Losses more than Gains Among Tracked Stocks Read More
MHProNews has learned from constructiondive that the latest National Association of Homebuilders (NAHB) Cost of Construction survey reveals the average construction cost of a single-family home, 2,802 square feet, has risen to $289,415, increasing from $95 per square foot in 2013 to $103 per sf today. Builders reported cost increases
Price of New Single-Family Site built Home Rises over $120k to $468k Read More
