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.
The Arkansas Manufactured Housing Association (AMHA), at its 44th Annual Meeting and Convention held in Little Rock, presented Industry Achievement Awards to association members for their contributions to the manufactured home industry. AMHA Executive Director J. D. Harper tells MHProNews Country Comfort Homes of Hot Springs, AR was named 2015 […]
Arkansas MHA Names Industry Achievement Recipients Read More
MHProNews has learned from businesswire that the Swedish company, Skanska, took a write down of 630 million krona, about $75.6 million, for third quarter operations in the U. S. The majority of the losses stem from six projects where the client changed the design plans, and lowered productivity. After the
Former Brooklyn Modular Builder Posts Profit Read More
Universal Forest Products, Inc. (NYSE:UFPI) reports record-breaking Q3 2015 results, posting the best third quarter earnings in company history, with net earnings of $25.6 million, a 32.9 percent increase over the same period of 2014. It also marked the highest year-to-date earnings at $61.7 million over three quarters, according to
UFPI Posts Record-breaking Results for Q3 2015 Read More
MHProNews has learned from bizjournals that Assurant Specialty Property, which sells manufactured housing insurance, has decided to close its Dayton, Ohio office it opened two years ago. The expansion occurred after client growth filled the Springfield offices. The move will affect 150 employees, some of whom will be able to
Assurant Closing Ohio Office Read More
In the news from CNNMoney: Firms that bankrolled oil boom hurting. Wage hikes denting Walmart’s bottom line. Delta predicts lower fares are coming. China expected to post worst growth since 2009. Peace Corps applications rise. Boeing has created the lightest metal ever which it describes as 99.99 percent air. Meanwhile,
Dow Falls nearly one percent; Nobility Homes fell almost -5 percent Read More
Marin County officials are seeking methods to either build or maintain affordable housing in this very pricey neighborhood of the San Francisco Bay, according to nationalmortgagenews. At a workshop on housing in the Chambers of the Board of Supervisors, there were many proposals from the overflow citizenry, but the county
Tony CA County Seeking more Affordable Housing Read More
MHProNews has learned from modularhomecoach that Modular Home Builder is sponsoring the October Builder Breakfast at The Country Cupboard in Lewisburg, Pennsylvania Oct. 21 starting at 8:30. The primary speaker will be Steve Kennealy, Massachusetts Director of the Manufactured Buildings Program, Dept. of Public Safety, giving a talk about unqualified
Modular Home Builder Sponsoring Educational Breakfast Meeting Read More
A story MHProNews last published Oct. 8, 2015 details the Federal Emergency Management Agency’s (FEMA) disaster relief efforts for victims of the Butte and Valley fires in northern California. At that time they had disbursed over $4.5 million, and now that number has jumped to $7.49 million, according to record-bee,
FEMA adds to Expense Ticket in Valley Fire Loss Read More
The first two manufactured homes (MH) have arrived at Ellsworth Air Force Base, South Dakota as a staging area for these and more MH that the Federal Emergency Management Agency (FEMA) is bringing in from storage in Cumberland, MD and Selma, AL to house flood victims on the Pine Ridge
Pine Ridge Indian Reservation getting Manufactured Homes Read More
The Mission Trailer Park in downtown San Luis Obispo, CA which opened in the 1940s, has been sold and vacated, and after undergoing extensive infrastructure work will reopen with new manufactured homes as Mountain View Terrace. The county assessor’s office indicates the new owner is Higuera Commons LLC, a private
Manufactured Home Community Sold, being Upgraded Read More
In the news from CNNMoney: Warren Buffett says “America’s never been greater,” followed by another headline that says “Taxing the rich won’t solve inequality.” Wall Street has made Hillary Clinton a millionaire. Oil glut coming as soon as Iran enters the market. Pond scum could feed the world. New highway
Patrick Outpaces other MH-related Stocks, Dow, NASDAQ and S&P Read More
A significant player in the negotiation and adoption of many provisions of the Delaware Manufactured Home Owners and Community Owners Act, Kenneth S. Clark Sr., Nanticoke Chief Red Deer, passed away at home on his ancestral grounds near Millsboro, Oct. 9, 2015, at 84. The son and grandson of Nanticoke
Passages: Kenneth S. Clark, Sr., Nanticoke Chief Red Deer Read More
With employment in the construction industry falling by 2.3 million from 7.7 million between 2006 and 2011, and remaining 1.3 million below its peak, builders are hampered trying to find qualified workers. The would-be construction workers who came of age during the Great Recession and aftermath sought employment elsewhere. Construction
Residential and Commercial Construction Workers in Short Supply Read More
Coventry based manufacturer Central Site Accommodation is assembling the first modular house in the United Kingdom to be totally 100 percent manufactured offsite, according to what constructionenquirer tells MHProNews. It will be on display Oct. 14 and 15 at the OFFSITE Construction Show at the ExCeL Centre in London. Central
Galvanized Steel Modular is 1st 100% Off Site Build Read More
MHProNews has learned from mapmag, the California Association of Realtors Chief Economist Leslie Appleton-Young stated that house price increases will be at the lowest rate since 2011. She predicts in 2016 the median price of a detached house will rise by 3.2 percent to $491,300, which is less than half
California Home Value Increase Slowing Read More
Shares of Encore Wire Corp. (NASDAQ:WIRE), suppliers of a variety of interior electrical wire to the manufactured home industry have been on a bit of a tear: the stock has risen +11.42 percent in the last week, and +16.09 percent for the past four weeks, according to reports MHProNews has
Encore Wire Shares Lighting Up Read More
In the news from CNNMoney: Lilly stock nosedives 8% on cholesterol drug drop. Stephen Hawking says technology to blame in part for income inequality. Putin’s Syrian air strikes creates uncertainty in Middle East, raising oil prices. Poverty expert wins Nobel Prize in Economics. Ferrari sets $1 billion IPO. Iranian Court
Nobility Falls Sharply; Many MH-related Stocks Slip Read More
Following a story MHProNews posted Oct. 6, 2015 regarding Greg Yutzy’s election as treasurer of the Kansas Manufactured Housing Association (KMHA), hutchnews reports Dave VanAsselt has been elected to the KMHA Board of Directors for 2015-2016. VanAsselt has been active in the manufactured housing industry over 30 years, and currently
Kansas Chooses MH Veteran, VanAsselt, for Board Read More
Following a continuing saga of Jeffrey L. Gendell unloading shares of Patrick Industries, Inc., as MHProNews reported Oct. 8, when he sold 19,200 shares earlier in the week, he has sold more, according to a filing with the Securities and Exchange Commission (SEC), as reported by dakotafinancialnews. Any transaction involving
More Patrick Changes Hands Read More
As the TRID (Truth in Lending Act, or TILA) and the Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure rules went into effect last week–also known as “Know Before you Owe”– mortgage industry groups continue to ask for a grace period of four months from enforcement actions and private lawsuits.
Mortgage Industry Pushing for Four-month Grace Period from TRID Read More
