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: China slowdown, oil slides, troubled economies in Brazil and Russia and possible rise in interest rates feed malaise and stock sell-off. Oil price drop could hurt Iran’s comeback. Existing home sales rose sharply. Top three cities for new businesses: Manchester, NH, Dallas, Richmond, VA. Meanwhile, […]
Dow, Many Stocks Drop Sharply; MHCV Falls -3.83% Read More
Updating a story MHProNews posted Aug. 11, 2015, regarding Lippert Components, Inc. acquisition of Signature Seating, journalgazette reports Lippert will be adding 125 new jobs at the New Haven, IN facility that was home to Signature. Also known as Roehm Marine LLC, the company made upholstered furnishings for pontoon boats
Lippert to Add 125 Workers in New Haven, Indiana Read More
Following a story MHProNews posted Aug. 18, 2015 regarding the sale of 36,552 shares of Patrick Industries’ stock by Tontine Capital Partners L.P Aug. 14, dakotafinancenews reports Tontine sold another 19,220 shares of Patrick stock on Monday, Aug. 17 at an average price of $39.20 for a net value of
Major Shareholders of Patrick Industries Continue Unloading Stock Read More
On Aug. 19, 2015 Southfield, Michigan-based Sun Communities, Inc. completed its sale of three manufactured home communities (MHC) comprised of 900 home sites for $32.5 million. Two of the MHCs are in Ohio, the third is in Michigan, according to nasdaq. On Aug. 13, 2015, Sun acquired a recreational vehicle
Sun Completes Transactions on Six Communities, Secures Line of Credit Read More
Statistics from the U. S. Department of Housing and Urban Development (HUD) and the Commerce Department indicate housing starts nationwide edged up 0.2 percent in July to a seasonally annual-adjusted rate (SAAR) of 1.206 million units, the highest level since Oct. 2007, according to worldpropertyjournal. Single-family starts increased 12.8 percent
July Housing Starts Reach Highest Level since Oct. 2007, Led by Single-family Read More
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
Modular Container Units will House Homeless in Honolulu Read More
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)
Deer Valley Spikes, Dow Takes A Hike, Google Hit by Lightning Strike Read More
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
Dr. Gooch of Manufactured Housing Institute calls for Dodd-Frank Adjustment Read More
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
California City Relinquishes Enforcement of Land Lease Communities Read More
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.
Insider Trading Noted at UMH Properties, Inc. Read More
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
3D Printed Automobile and Home Energize Each Other Read More
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
Cavco Tops MH Gainers, MHCV Slips Read More
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
Patrick Industries’ Shares sold by Major Shareholder Read More
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
Home Builder Sentiment Measures Near Ten-year High Read More
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
Gated Community of Ten Modular Homes to Rise in Florida Keys Read More
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
Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans Read More
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
Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days Read More
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
Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes Read More
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
Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau Read More
With only five months before a 20 year-old agreement stabilizing manufactured home community (MHC) rents expires in Vista, California, talks between residents and community owners have reached a stalemate. During talks that began in April, owners insisted residents pay for updating infrastructure in the aging communities, according to sandiegouniontribune. Most
Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs Read More
