Manufactured and Modular Housing News

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.

Dow Gains 140 Points in Advance of Fed Report

In CNNNews: Weak global economy and strong U. S. dollar hurting FedEx. Anaheuser Busch seeking to buy rival Miller Brewing. Typical American family earned $53,657 last year. Berkeley aiming for $19 minimum wage. Business world holding its breath, awaiting decision on interest rates from Federal Reserve. On the Big Board: …

Dow Gains 140 Points in Advance of Fed Report Read More

New Jersey Citizen suggests Manufactured Homes for Hurricane Sandy Survivors

In a letter to the editor of Asbury Park Press in New Jersey, Joan Finn, noting the loss of housing for 55,000 Ocean County residents due to Hurricane Sandy, many of whom were low-income renters who did not receive rebuild assistance, she asks where did they go. She says over …

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Homebuilder Sentiment Hits Ten-Year High

According to cnbc, the National Association of Home Builders (NAHB) reports the Housing Market Index (HMI) of builder sentiment rose to 62 in September, the highest level since 2005, and now in positive territory (above 50) since July, 2014. “The HMI shows that single-family housing is making solid progress,” said …

Homebuilder Sentiment Hits Ten-Year High Read More

Iowa High School Students Building Modular Home

While in previous years, students in construction classes at South Sioux City High School made clocks or built cabinets, this year, according to what siouxcityjournal tells MHProNews, they are building a modular home. Instructor Joe Krajicek said practicality was the momentum behind the new project. “We started looking at ways …

Iowa High School Students Building Modular Home Read More

Nobility Homes Records 32 Percent Sales Increase

For its third fiscal quarter 2015 ending Aug. 1, 2015, Nobility Homes reports sales increased 32 percent to $7,059,263.00 over $5,346,639 for the same period of 2014. As einnews tells MHProNews, income from operations rose from $289,126 for Q3 2014 to $787,272 for the same period in 2015. Net income …

Nobility Homes Records 32 Percent Sales Increase Read More

Champion Homes Subsidiary Consolidating Space in United Kingdom

MHPronews has learned from constructionenquirer that modular building specialist Caledonian Modular in the UK is closing its Driffield manufacturing facility in East Yorkshire and transferring those operations to its Newark plant, with minimal loss of jobs. A spokesman for Caledonian Modular said: “Caledonian has ambitious plans to double revenue over …

Champion Homes Subsidiary Consolidating Space in United Kingdom Read More

Spanish Modular Units Housing Refugees from Middle East and African Conflicts

MHProNews has learned from dezeen the Shelter Unit for Rapid Installation (SURI) was originally designed to provide modular housing after earthquakes, but is now being used to house the millions fleeing conflicts in the Middle East and sub-Saharan Africa. Developed by Spain’s Surricatta Systems, additional units can be added to …

Spanish Modular Units Housing Refugees from Middle East and African Conflicts Read More

Patrick Investor Unloads more Stock

Following a series of MHProNews posts reporting the sale of Patrick Industries, Inc. (NASDAQ:PATK), especially within the last three months, and largely by Jeffrey L. Gendel,l dakotafinancenews states major stockholder Tontine Capital Partners LP unloaded another 60,000 shares of Patrick at an average price of $44.42 for a net value …

Patrick Investor Unloads more Stock Read More

Deer Valley Loses Yesterday’s Gain; Dow Gains +1.40%

In the news from CNNMoney: Donald Trump is scaring Wall Street. Once again, Chinese stocks plummeted six percent in two days. U. S. retail sales rose +0.2 percent in August over July. Facebook working on a dislike button. Google breaking the law in Russia. Meanwhile, the Yahoo Manufactured Housing Composite …

Deer Valley Loses Yesterday’s Gain; Dow Gains +1.40% Read More

Modular Housing for Homeless Advancing in Dublin

MHProNews last published a story on July 10, 2015, regarding the effort to site modular homes around Dublin, Ireland to ease homelessness of families who have been living in one-room motels for up to two years without cooking facilities. By exhibiting six samples of modular housing, the Dublin Region Homeless …

Modular Housing for Homeless Advancing in Dublin Read More

Battle Rages over Repurposing of California Manufactured Home Communities

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

Company Ships Converted Modular Container Homes Worldwide

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

Deer Valley Spikes, Patrick Notches Solid Gain

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 …

Deer Valley Spikes, Patrick Notches Solid Gain Read More

CDBG Funding will Repair, Replace Manufactured Homes

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 …

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Mortgage Debt Saddling more Retiring Boomers

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 …

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Manufactured Housing Video/Image/Education/News Campaign Expanding

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

Modular Home Shipments Slip in Q2

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 …

Modular Home Shipments Slip in Q2 Read More

Sunday Morning Recap-Manufactured Housing Industry News Sept. 6-Sept. 13, 2015

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

Manufactured Home Purchase now available through Reverse Mortgage Program for Seniors

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

UMH Properties has High Concentration in Energy Development Region

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

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