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.
In the news from CNNMoney: U. S. economy adds 215,000 jobs, unemployment rate holds at 5.3 percent, income rises one percent in last year. Black unemployment rate falls to lowest point in seven years. U. S. has a deficit of skilled workers. Carly Fiorina was declared the winner of the […]
MHCV Gains, Dow Slips, Unemployment Rate Steady Read More
William Matchneer, who once served as head of the Manufactured Housing Program at the Department of Housing and Urban Development (HUD), and from 2011 to 2014 with the Consumer Financial Protection Bureau (CFPB), recounts how implementation of the Dodd-Frank Act directives for High-Cost Mortgages under the Home Ownership and Equity
Former Head of Manufactured Housing at HUD Urges Passage of S. 682 Read More
Manufactured home community (MHC) operator UMH Properties, Inc. (NYSE:UMH), in posting its 2nd quarter financial results for 2015, reported $0.12 earnings per share, missing analysts consensus estimate of $0.16 by $0.04, according to prnewswire. Net operating income from community rose 18 percent to $8.8 million for Q2 2015 as compared
UMH Releases Q2 2015 Financials Read More
According to what progress tells MHProNews, there are several macro trends in the U. S. that could drive demand for manufactured home community (MHC) living. The aging population, according to the Census Bureau, consisting of 76 million baby boomers, nearly a quarter of the population, many of whom do not
Aging Population with Insufficient Retirement Funds Leads to Manufactured Home Community Read More
A proposed zoning change by the North Myrtle Beach Planning Commission to a .61 acre parcel of land in South Carolina to correct an original error in a zoning map has raised concerns by neighbors that a manufactured home may be sited on part of it. Part of the parcel
Zoning Change Could Usher in Possible Manufactured Homes Read More
In the news from CNNMoney: Dow drops to lowest point since February. Saudi Arabia is having to borrow money. Donald Trump sells Manhattan penthouse for $21 million. Amalgamated Bank is raising its minimum wage to $15. Airbnb valued at over $25 billion, raising $1 billion in new funding. Meanwhile, the
MHCV Slips, Dow Drops 120 points, Skyline Biggest Gainer of Tracked Stocks Read More
In its report of first quarter 2016 financial results, Cavco Industries, Inc. (NASDAQ:CVCO) says net income per share, based on basic and diluted weighted average shares outstanding, was $0.61 and $0.60 respectively, as compared to $0.65 and $0.64 for the same quarter 2014. According to cnnmoney, net revenue for Q1
Cavco Industries Reports Financials for First Fiscal Quarter of 2016 Read More
A plan to develop a 302 site seniors manufactured home community (MHC) in Nulkaba, New South Wales, Australia has been derailed by the Cessnock City Council, citing objections from neighbors who complained it would detract from the rural character of the neighborhood, and would increase alcohol abuse, crime and trespassing
Planned Australian Manufactured Home Community Denied Read More
As the modular industry innovates to meet housing affordability head-on, widespread acceptance of the product is being hampered by the way banks lend on residential development, according to businessnews.au in Australia. Modular techniques offer up to 40 percent time savings on construction, lower energy bills for buyers of modular homes
Modular Slowly Making Inroads in Australia’s Residential Projects Read More
As a means of capitalizing on 1950’s TV series like “Gunsmoke,” “Rawhide,” and “Daniel Boone,” Bill Patton and Bill Pacy created Frontier Town in Ocean City, Maryland in 1959, and four years later added the 600-site Fort Whaley Campground. Manufactured home community (MHC) and recreational vehicle (RV) resorts owner Sun
Sun Communities Corrals Eastern Wild West Show and Campground Read More
In the news from CNNMoney: Robin Williams’ son and an inmate are teaching a financial literacy class at San Quentin prison. Chase lowers the lending requirements for jumbo mortgages. Canada is on the verge of a recession. India is the largest exporter of beef. Eleanor Roosevelt may be the new
Most Stocks Flat, but Patrick Gains +2.92%, Skyline Drops 3.67% Read More
A Securities and Exchange Commission (SEC) filing dated August 4, 2015, reveals M. Scott Welch, a director of Patrick Industries, Inc. (NASDAQ:PATK) purchased 10,000 shares of company stock at $36.00 per share for a total of $360,000 on Aug. 3. While Patrick has lost 2.57 percent during the last week
More Insider Trading at Patrick Industries Read More
The Manufactured housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics released by the Department of Housing and Urban Development (HUD) indicate production of HUD Code homes for June, 2015 rose 7.8 percent above June, 2014 production to 6,062 homes over last year’s 5,624 homes. On the year, HUD
HUD Code Production Continues Rising Read More
The Class of 2015 includes: (back row l-r) Paul E. Hanser, HWH Corporation; Bert V. Alanko, MBA Insurance; Joe Kelly, Iowa Mfg Housing Association; (front row l-r)Jerry W. James, Franklin Homes, Inc.; Bill Thomas, Bill Thomas Camper Sales; Marlene A. Sine, Marlene Sine & Associates, Inc.; Richard A. Mendlen, Manufactured
RV/MH Hall of Fame Honors Class of 2015 Read More
MHProNews has learned from bizjournals the former Oakwood Homes corporate headquarters in Greensboro, North Carolina has been sold to Stanley Benefits Services for $8.1 million, which will occupy 30,000 square feet of the 130,000 square-foot building. Oakwood, a builder of manufactured and modular homes with locations around North Carolina, vacated
Manufactured Home Builder Oakwood Sells former HQ Read More
News from KWQC TV6 in Davenport, Iowa informs MHProNews that residents of Lake Canyada manufactured home community (MHC) near Davenport were scheduled to vacate the community by 11:59 PM July 1, and while many had already left, Phillip Hicks, a resident of 28 years, and his wife, Linda, were still
Manufactured Home Community Closing, Set to be Sold Read More
In the news from CNNMoney: 3,500 oilfield workers in Williston, North Dakota have been laid off as oil prices drop. China runs four of the world’s largest five banks. CVS stopped tobacco selling and general merchandise sales fell nearly eight percent, same store basis. Ford uses over 31,000 soy beans
Louisiana Pacific Gains Most in Two Consecutive Trading Days Read More
For the second quarter 2015, sales at Drew Industries, Inc. (NYSE:DW) gained 13 percent over Q2 2014 to $362 million, one million over the first quarter to set a record, producing net income of $20.9 and earnings per share of $0.85, although short of consensus expectations of $0.93 per share.
Drew Sales Gained in Q2 2015 over Same Period 2014 Read More
MHProNews has learned from thisdaylive that Alpha Mead Development Company (AMDC) has announced its plans to lower the entry level for middle income home buyers in Nigeria, using a modular building system. AMDC is one of the Strategic Business Units of Facilities Management Company, Alpha Mead Facilities & Management Services
Nigeria Using Modular Methods to Construct Inexpensive Housing Read More
A couple in Costa Rica wanted to build a home inexpensively on their land outside San Jose, the capitol, and hired architect Benjamin Garcia Saxe, who transformed two 40-foot shipping containers into a 1,075 square-foot modular home for $40,000. Named Containers of Hope, Saxe stated, “The key factor was cost,
Modular Container Home built Inexpensively Read More
