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.
Following a story MHProNews posted Feb. 27, 2014 regarding Winchester Ranch manufactured home community (MHC) in San Jose, California, the battle over some of the most expensive land in the country that sits under MHCs in Silicon Valley continues to burn brightly, much like the fires consuming parts of northern …
Battle Rages over Repurposing of California Manufactured Home Communities Read More
While MODS (Modular on Demand Structures) International of Grand Chute, Wisconsin has sold 300 modular homes worldwide converted from shipping containers, Jose Atencio and his girlfriend, Aubrey Lorge, are combining four of the units to make a 1,100 square foot home to be sited in Menasha, WI, the first of …
Company Ships Converted Modular Container Homes Worldwide Read More
In the news from CNNMoney: Economists don’t see a major slowdown in China. Iraq plans bond offering for risky investors. Is Janet Yellen the most powerful woman in the world? UAW contract for 140,000 auto workers expires at midnight. Cosby accusers to speak in a one hour A&E special. Jaguar …
Seeking to assist low-to-moderate-income residents, St. Lawrence County, New York will hold a public hearing in Canton to inform people about the $850,000 Community Development Block Grant (CDBG) for which the county is applying to rehabilitate and replace some homes, including manufactured homes. “Almost 50 percent of the households in …
CDBG Funding will Repair, Replace Manufactured Homes Read More
According to columbiatribune, the Consumer Financial Protection Bureau (CFPB) reports baby boomers are carrying mortgage debt into retiring years. The percentage of homeowners 65 and older with mortgage debt rose from 22 percent in 2001 to 30 percent in 2011, and among homeowners 75 and older, the rate more than …
Webalizer reports that thousands have already visited the new, updated-format video promoting upcoming “Inside MH” tours, events and interviews. Feedback from Industry professionals on this new format has been positive. Select comments are below. — actual comments from Video Viewers below — I think that the video looks great, with …
Manufactured Housing Video/Image/Education/News Campaign Expanding Read More
The National Modular Housing Council (NMHC) tells MHProNews that 3,509 modular homes were shipped in the second quarter of 2015, a drop of one percent from the same quarter of 2014. Compared to the second quarter of 2014, 20 states revealed increases and 12 states lost shipment numbers, while in …
What’s New in public focused Manufactured HomeLivingNews.com Video Previews! Home Tours – Interviews – Drones – Tips – Tech – Talk – Inside MH! Less House, More Life! NBC reports Stunning Manufactured Home Makeover, Today Show What’s New in Manufactured Housing Industry Professional News HUD Code production rises, as Alaska …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 6-Sept. 13, 2015 Read More
MHProNews has learned from the-review that seniors can now use the reverse mortgage program to purchase a home, allowing them to, say, trade their two story home for a one level with easier access to cabinetry, wider doorways for wheelchairs, and grab bars installed in the bathroom. Using the same …
Manufactured Home Purchase now available through Reverse Mortgage Program for Seniors Read More
According to seekingalpha, manufactured home community (MHC) owner UMH Properties, Inc. has a high concentration of its communities in Ohio, New York and Pennsylvania, and 80 percent of them are within the Marcellus and Utica Shale regions where energy companies have stepped up drilling for natural gas. UMH says same …
UMH Properties has High Concentration in Energy Development Region Read More
In the news from CNNMoney: Most cars will soon have automatic brakes, triggered by radar, laser or cameras. Kroger offering lower-priced organic alternative to Whole Foods. Oil could fall to $20 a barrel. NYC to raise minimum wage to $15 hour. Gamblers betting Trump will not win White House. Meanwhile, …
Equity LifeStyle, Sun, Cavco Outperform Major Indices Read More
In a continuing selloff of Patrick Industries, Inc. (NASDAQ:PATK) stock, as MHProNews has noted on numerous occasions recently (see Sept 3, 2015), Jeffrey L. Et Al Gendell sold 77,364 additional shares of company stock at an average price of $44.88 for $3,472,096.32. This adds to the 113,000 shares he has …
Major Stockholders, including CEO, Continue Selling Patrick Industries Stock Read More
An attempt to site 120 manufactured homes (MH) on a 22-ace plot of land in Taylor, British Columbia, Canada has run into opposition from the District of Taylor Council. Jennifer Hillmer, business development manager for Jandel Homes, said the MH would be on the lower end, filling the need for …
Manufactured Home Subdivision in Canada Receives Cold Reception Read More
With the need in the United Kingdom of 250,000 homes per year to meet the demand, globalconstructionreview is telling MHProNews a new modular home is touted as being ready to occupy in only eight weeks from start to finish, half the normal 16 weeks to build, according to building research …
With concerns over the high cost of housing in New Zealand, the Auckland Home Show emphasized smaller and more economical options, according to stuff.co.nz. One of the small-living products was modular Ecotech homes, imported from China and then assembled on site. The process from order to completion takes four months. …
Modular Homes being Imported from China to New Zealand Read More
The founder of manufactured housing and recreational vehicle component supplier Patrick Industries, Inc., Mervin D. Lund passed away at age 92. He introduced gypsum board to the manufactured housing industry as well as other materials that are still being used. A long time member of the Manufactured Housing Institute, he …
The Fannie Mae Home Purchase Sentiment Index (HPSI) in the last couple of months dropped to 80.8 from it record high set in June of 84.7, although it is up from a year ago and has stayed within a five-point range since one year ago. Fannie Mae Chief Economist Doug …
Housing Sector Continues to Chug Along, although Consumer Confidence Lags Read More
In the news from CNNMoney: Many voices tell Fed now is not the time to raise rates. Wages are not keeping up with growth in home prices. 21 % of children living in poverty in 2013, up from 15% in 2000. Unemployment claims fall. Iranians want U. S. vacations and …
Deer Valley Leaps Up +7.14%; Most Stocks Relatively Quiet, Compared to Recent Volatility Read More
SnapSapce Solutions Inc. has been retrofitting old shipping containers into restrooms, offices, concession stands and storage units in the former ZF Lemforder plant since 2011 in Brewer, Maine, as bangordailynews informs MHProNews. In an August cease and desist letter to SnapSpace, Assistant Attorney General Christopher L. Mann said, “It has …
Repurposing Containers into Modular Homes needs MH Licensure Read More
Following MHProNews‘ story yesterday (Sept. 9. 2015) about the sale of $6.38 million worth of Patrick Industries, Inc. (NASDAQ:PATK) stock on Sept. 4, 2015 by Tontine Capital Partners LP, the company continues to hold 12.78 percent of Patrick’s market cap, equivalent to two million shares. The significance of this unloading …
