Manufactured and Modular Housing News

Modular Container Units will House Homeless in Honolulu Read More

Modular Container Units will House Homeless in Honolulu

By Matthew Silver / August 19, 2015 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Following a story MHProNews published June 2, 2015, regarding modular shelters made of shipping containers for homeless people in Honolulu, the city has awarded a contract to Container Storage of Hawaii, Ltd. for the eventual 63 housing units. The $523,517 contract will provide housing for up to 83 people by

Deer Valley Spikes, Dow Takes A Hike, Google Hit by Lightning Strike Read More

Deer Valley Spikes, Dow Takes A Hike, Google Hit by Lightning Strike

By Matthew Silver / August 19, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Sell-offs of Chevron and Exxon pushed stocks down as crude oil fell four percent. Fed is getting closer to raising interest rates. First-time home buyers returning. Interest rates dip to 2.97%. Third bailout for Greece starts Thursday. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV)

Dr. Gooch of Manufactured Housing Institute calls for Dodd-Frank Adjustment Read More

Dr. Gooch of Manufactured Housing Institute calls for Dodd-Frank Adjustment

By Matthew Silver / August 19, 2015 / Advocacy, Economy, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

Writing in rollcall, Manufactured Housing Institute’s (MHI) Senior Vice President for Government Affairs Dr. Lesli Gooch says while different Congressional committees are evaluating the five-year-old Dodd-Frank Act, people in many rural communities are being harmed rather than protected. She writes, “The Dodd-Frank Act is preventing everyday Americans from accessing the

California City Relinquishes Enforcement of Land Lease Communities Read More

California City Relinquishes Enforcement of Land Lease Communities

By Matthew Silver / August 19, 2015 / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

The Manufactured Housing Institute (MHI) has informed MHProNews that the city council of San Clemente, California is voting to relinquish its enforcement responsibility for the manufactured home communities in the city, and refer that responsibility back to the California Department of Housing and Community Development. City council cited budgetary constraints

Insider Trading Noted at UMH Properties, Inc. Read More

Insider Trading Noted at UMH Properties, Inc.

By Matthew Silver / August 18, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned from insidertradingreport Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,479 shares of company stock on Aug. 17. 2015, according to a filing with the Securities and Exchange Commission. The shares were acquired at $9.12 each for a net value of $50,000.

3D Printed Automobile and Home Energize Each Other Read More

3D Printed Automobile and Home Energize Each Other

By Matthew Silver / August 18, 2015 / Business, Factory-Built Homes, Green, Manufactured and Modular Housing News

Clayton Homes has teamed with Oak Ridge National Laboratories (ORNL) and architectural firm Skidmore, Owings and Merrill to develop a 3D printed home and automobile from a carbon-fiber reinforced polymer material, according to 3dprint. Through an integrated approach to electricity generation, storage, and consumption, the car and home will share

Cavco Tops MH Gainers, MHCV Slips Read More

Cavco Tops MH Gainers, MHCV Slips

By Matthew Silver / August 18, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: New single-family home construction grew in July at the fastest pace since 2007. Oil prices could sink to $15 a barrel. Shanghai stocks plummet another six percent. Home Depot reports shoppers are back as sales rise six percent. GM may import a Buick built in

Patrick Industries’ Shares sold by Major Shareholder Read More

Patrick Industries’ Shares sold by Major Shareholder

By Matthew Silver / August 18, 2015 / Business, Manufactured and Modular Housing News, Stocks

A major shareholder of Patrick Industries, Inc. (NASDAQ:PATK), Tontine Capital Partners L. P, sold 36,552 shares of Patrick in a transaction dated Friday, Aug. 14 for $39.11 per share for a net value of $1,429,548.72, according to a filing with the Securities and Exchange Commission. In its last report of

Home Builder Sentiment Measures Near Ten-year High Read More

Home Builder Sentiment Measures Near Ten-year High

By Matthew Silver / August 18, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

MHProNews has learned from reuters that, according to the National Association of Home Builders (NAHB), homebuilder sentiment in August rose to its highest level in almost ten years. In line with economists expectations, the NAHB/Wells Fargo Housing Market Index (HMI) rose from 60 in July to 61 this month. Any

Gated Community of Ten Modular Homes to Rise in Florida Keys Read More

Gated Community of Ten Modular Homes to Rise in Florida Keys

By Matthew Silver / August 18, 2015 / Business, Communities, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

A new development of ten modular homes is being planned in Key West, Florida, according to keysnews. The Enclave on the Riviera will feature single-family stilt homes starting at $799,000, said realtor Bascom Grooms of the 1,800 square foot homes, each with three bedrooms and two-and-a-half baths. The gated community

Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans Read More

Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans

By Matthew Silver / August 17, 2015 / Business, Company News, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

Datacomp, a provider of manufactured home (MH) appraisals and MH industry market data since 1987, has informed MHProNews of its new manufactured home valuation service that enables compliance with the rules for Higher-Priced Mortgage Loans (HPML) that now cover most financed manufactured home transactions. Datacomp MSRV (Market-Suggested Retail Value) can

Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days Read More

Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days

By Matthew Silver / August 17, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Traffic deaths up 14 percent in 2015. Drop in oil prices not affecting Texas due to state’s diversification. Google, Pepsi, Microsoft, Mastercard, Adobe and Harmon are all run by India-born CEOs, a large U. S. trend. Social Security turns 80. Northwestern football players lose opportunity

Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes Read More

Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes

By Matthew Silver / August 17, 2015 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

Although the government of South Africa has built more than 2.6 million homes since 1994, it is estimated there remains a shortage of 2.3 million family homes. A definite gap remains between those who do not qualify for a government-subsidized house and an entry level home, according to estatetimesnigeria. Working

Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau Read More

Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau

By Matthew Silver / August 17, 2015 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

A measure introduced in the Senate by U. S. Senators Mike Rounds (R-SD) and Angus King (I-ME) would give community banks, credit unions and small businesses a say in the Consumer Financial Protection Bureau’s (CFPB) rulemaking process, according to what dsnews tells MHProNews. Known as the Bureau of Consumer Financial