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 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 […]
Passages: Mervin D. Lung Read More
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
Volatility has Hit Patrick Industries, Inc Stock Read More
MHProNews has learned Michigan-based MHRE, which specializes in the marketing of manufactured home and recreational vehicle communities across the country, has orchestrated the sale of a three property, all age manufactured home community portfolio comprised of 921 home sites, all in Michigan. The sale includes community owned manufactured homes and
MHRE Arranges Sale of Three Manufactured Home Community Package Read More
The Ford County Commission in Dodge City, Kansas denied Rosario N. Acosta-Aponte’s request to rezone residential land on Highway 50 to commercial for selling manufactured homes. He wanted to display five homes built in 2000 or later and would not take trade-ins, as dodgeglobe tells MHProNews. Zoning Administrator Mark Shriwise
Rezoning Request Denied for Manufactured Home Retailer Read More
In the news from CNNMoney: America has 5.8 million job openings, some are unfilled because of skill shortage. Japan’s Nikkei rises eight percent as global markets rebound. Puerto Rico still behind on its debt. Inmates in Philadelphia making walnut chair for the Pope. Sony RX100 is best pocket-sized camera. Meanwhile,
Most MH Related Stocks Fall; Dow Continues See Saw, Drops Sharply Read More
Calling it the tallest modular wood structure in the country, Professional Building Systems, Inc. two weeks ago began stacking the 42 apartments that will serve as affordable housing for students of New York Medical College in Paterson, New Jersey. Standing 60 feet and six inches tall, the building will provide
Modular Apartment Building will House Med Students Read More
Updating a story MHProNews posted Sept. 3, 2015 regarding the sale of Patrick Industries, Inc. (NASDAQ:PATK) stock by two major shareholders, one of them, Tontine Capital Partners LP, unloaded another 143,950 shares of Patrick on Sept. 4, 2015. In a filing with the Securities and Exchange Commission, according to dakotafinancialnews,
Major Shareholder Unloads $6.3 million of Patrick Industries Stock Read More
MHProNews has learned from ktuu-tv that the housing market in Anchorage, Alaska is very tight, with 40 percent of all renters in the Mat Su Valley earning $40,000 a year or less. In response, Weidner Property Management has sited over 200 new manufactured homes in a rental complex. The Alaska
Alaska Program offers Subsidized Manufactured Homes to Low-Income Renters Read More
While many of the collegiate entries in the U. S. Department of Energy’s Biennial Solar Decathlon are cost-effective, energy efficient and attractive homes targeted to baby boomers and growing middle-class families, the University of California, Davis (UC Davis) team is targeting migrant farm workers, as mnn tells MHProNews, with a
Solar Decathlon Modular Home Aimed at Farmworkers Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that statistics released by the U. S. Department of Housing and Urban Development (HUD) reveal that HUD Code production in July rose to 6,085 homes, 7.2 percent over the 5,675 HUD Code homes manufactured in July, 2014. Total HUD Code
HUD Code Home Production Continues its Upward Trajectory Read More
Following the news that 173,000 more Americans found work in August, and the unemployment rate has fallen to 5.1 percent, the lowest rate since 2007, do take note here of MHProNews Publisher L. A. “Tony” Kovach’ Shocking Labor Day Facts and Statistics. The Federal Reserve admitted the unemployment rate has
The U. S. Unemployment Rate Revisited–with a Vengeance Read More
In the news from CNNMoney: The U. S. may lift its 40-year ban on exporting oil. China has spent $236 billion on its stock market bailout. U. S. economy adds high-paying jobs. Milk is cheaper than water in Europe. The typical driver in the U. S. is saving $50 a
Most MH Related Stocks Advance; Dow Moves Up Sharply Read More
MHProNews has learned from marketwatch that real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI), owner and operator of manufactured home and recreational vehicle communities, has declared a quarterly distribution of $0.65 per share of common stock for Q3 2015, payable Oct. 16, 2015 to shareholders of record as of
Sun Communities Declares Stockholder Dividends for Third Quarter Read More
If Bill Stetson and other residents at Green Meadows Mobile Home Park in Concord, New Hampshire so choose, they may become the 114th co-operative owners of their own manufactured home community (MHC) in the state. A resident of Green Meadows for 31 years, he said, “This is an opportunity that
Residents of Land Lease Community may Seek Co-operative Ownership Read More
Following a story MHProNews last published June 4, 2015 regarding the impending closing and planned relocation of residents of Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona, the city’s Human Services Department will help residents, many of whom are elderly and/or disabled, in their transition. While MHP
Manufactured Home Community Residents Get Help from City, Fellow Citizens Read More
Following a story MHProNews last published April 10, 2015 regarding the continuing hit-and-miss saga of Forest City Ratner’s 34-story modular tower at the Barclay Center in Brooklyn, B2, curbed.ny reports a Freedom of Information Law (FOIL) request reveals there was considerable water damage in April and July, 2014. However, problems
Documents Reveal Major Problems at Large NYC Modular Project Read More
Twin Town Homes was incorporated in Maine 60 years ago and Bob Huatori has been there for 50 of those years, starting as a lot boy when he was 20, becoming president 25 years ago, and inheriting the business in 2006 when the son of the founder, Hayward Luck, passed
Manufactured Home Retailer began in 1955 Read More
