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.
CNNMoney tells MHProNews Millennials are finally coming up out of their parents’ basements and buying homes. The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah, …
Four of Top Ten Cities with Mortgages by Millennials are in Louisiana Read More
In the news from CNNMoney: Truck Drivers Earning $73k. Tensions in the Middle East driving oil above $50 a barrel. Americans are spending 80% of the $360 they are saving annually on gas. Despite affirmation to the contrary, drug that skyrocketed 5,000% has not been reduced. Israeli team set for …
The Western Manufactured Housing Communities Association (WMA) has notified MHProNews of a new California law that allows community owners to demolish abandoned MH as well as those acquired via a warehouse lien, a bill supported by the WMA. A warehouse lien is a charge for storage and preservation. The law …
At a meeting of the Dorchester County Council in Maryland, discussion focused on opting out of the state’s mandated sprinkler system requirement for new homes. The regulation also covers manufactured homes that relocate, and will need to be retro-fitted with sprinklers, according to what dorchesterbanner tells MHProNews. Adding sprinklers to …
Analysts at Sidoti and Citigroup rated Drew Industries, Inc. (NYSE:DW) a ”buy” as the stock gained +3.52 percent in trading, Thurs., Oct. 8, to close at $58.19. With a market cap of $1.42 billion and a P/E ratio of 20.919, Drew has a 1-year low of $41.63 and a 1-year …
Jeffrey Allen, 67, of Waterford, Maine passed away following a battle with cancer. He transported manufactured and modular homes for many of the New England producers, eventually starting his own company, Northern Home Transport, which he operated until he retired. He also worked for Cianbro, C. N. Brown and PK …
In the news from CNNMoney: Netflix raises standard monthly fee. Ben Carson wants guns in classrooms. First time unemployment claims fell 13,000 to 263,000. Median wealth for white families is $134,900, compared to $11,000 for black families, $13,900 for Hispanics. Volkswagen headquarters raided by German police. German exports fall, China …
UFPI Outperforms other MH Stocks; MHCV gains +1.54 percent Read More
MHProNews has learned from dakotafinancialnews that Jeffrey L. Gendell, a major shareholder of Patrick Industries, Inc. (NASDAQ:PATK), has unloaded yet another block of company stock, 19,200 shares, as disclosed in a required legal filing with the Securities and Exchange Commission, which noted the transaction occurred on Oct. 6. Sold at …
The Federal Emergency Management Agency (FEMA) has disbursed more than $4.5 million to victims of the Lake County, California Valley Fire that wiped out over 1,230 homes, as MHProNews reported Sept. 24, 2015, $3.2 million to pay for housing, according to record-bee. Of the 2,861 residents and businesses that have …
MHProNews has learned from dakotafinancialnews that investment analysts at Raymond James have upgraded Killam Properties (TSE:KMP) from an out-perform rating to a strong buy rating. Other comments on Killam include Dundee Securities upgrading Killam from a neutral rating to a buy rating, setting a C$11.50 price objective for the company …
Raymond James Upgrades Killam Properties to “Strong Buy” Read More
Later this month a developer will break ground on the old Walsenburg High School football field for 28 tiny modular homes, according to what Colorado Public Radio tells MHProNews. Walsenburg Mayor James Eccher played football there years ago and at first could not imagine anyone would want to live in …
Orange County Great Park in Irvine, California is this year’s site for the U. S. Department of Energy’s (DOE) biennial Solar Decathlon 2015 which begins Oct. 8 and runs for ten days. The “competition challenges collegiate teams to design, build, and operate solar-powered houses that are cost-effective, energy-efficient, and attractive. …
Solar Decathlon Competition opens in California, runs Oct. 8-Oct. 18, 2015 Read More
In the news from CNNMoney: Saudi prince owns 5% of Twitter. IMF says global growth is worse since the crash. Michigan woman wins $310.5 million Powerball. 273,000 union workers face pension cuts. Billionaire Barry Diller says he will leave the country if Trump is elected. Meanwhile, the Yahoo Manufactured Housing …
LPX Posts Significant Gains Three Consecutive Days, as the Dow Gains +122 Points Read More
The Indiana Manufactured Housing Association – Recreation Vehicle Indiana Council (IMHA-RVIC) announces that Ron Breymier has been appointed Executive Director of the association. A veteran of IMHA-RVIC, he served as the Executive Director for five years from 1986-1991, and has lobbied on behalf of the association at the Indiana State …
Inspired by his year-long stint living in a converted 33-square-foot dumpster to create a mobile and affordable solution to the housing crisis, “Professor Dumpster,” Jeff Wilson has devised a modular micro-apartment housing design that slots in and out of a metal apartment framework, and fits on a moving truck bed …
Tiny Apartment Plugs into Framework, Moves to another City’s Framework Read More
The Manufactured Housing Institute (MHI) elected a new slate of officers at the 2015 MHI annual meeting, and awards were presented to those honored for outstanding achievement, according to a report from our MHProNews person in attendance. Tim Williams, of 21st Mortgage Corporation, was elected Chairman of the Board, replacing …
MHI Elects New Officers and Presents Annual Awards Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that Department of Housing and Urban Development (HUD) statistics indicate manufactured housing production rose 6.3 percent in August over last August, 6,332 HUD Code homes over the 5,955 of last year. Total industry production for the year through August totals …
In the news from CNNMoney: Oil rises to $48.53/bbl, highest in one month. Venezuela’s currency down 379% since Jan., costing Pepsi $1.4 billion. Prominent bond fund manager Bill Gross says capitalism cannot survive at zero percent. Bermuda, Cayman Islands, and British Virgin Islands are three of the largest tax havens …
Greg Yutzy of Newton, Kansas has been elected treasurer of the Kansas Manufactured Housing Association (KMHA) board of directors at the association’s 2015 annual meeting in Manhattan, KS. As the kansan informs MHProNews, he has been with Patrick Industries, Inc., a component supplier to the manufactured housing industry for 34 …
Yutzy Elected Treasurer of Kansas Manufactured Housing Association Read More
MHProNews has learned manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH) is seeking to acquire MH retail dealerships within two hours of one of their communities, and would retain current employees. Their communities are located in Tennessee, Indiana, New York, Ohio, Pennsylvania, Michigan and New Jersey. In business since …
Leading Community Operator Wants to Buy Manufactured Home Retail location Read More
