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.
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
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
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
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
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
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
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
Deer Valley Spikes, Patrick Notches Solid Gain Read More
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
Mortgage Debt Saddling more Retiring Boomers Read More
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
Modular Home Shipments Slip in Q2 Read More
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
UK’s Modular Housing Ramping up to Meet Shortage Read More
