Manufactured and Modular Housing News

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

Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs Read More

Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs

By Matthew Silver / August 17, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

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

Aug 16 2015

Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015

By Matthew Silver / August 16, 2015 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Nubble Lighthouse and Sohier Park. York, Maine – US Destination What’s New in Manufactured Housing Industry Professional News GSEs set to offer secondary market for manufactured home loans. Two MHCs change hands, new MHC planned in Canada. CFPB not protecting consumers OR employees.

Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015 Read More

Aug 15 2015

Consumer Financial Protection Bureau is Rife with Discrimination

By Matthew Silver / August 15, 2015 / Advocacy, Business, Economy, Legal, Manufactured and Modular Housing News, regulation

Writing in townhall, Ken Blackwell says the four-year old Consumer Financial Protection Bureau (CFPB) discriminates against the people it has vowed to protect, inside and outside the agency, and is riddled with waste, inefficiency and mismanagement. Noting Director Richard Cordray would be out of a job if the agency was

Consumer Financial Protection Bureau is Rife with Discrimination Read More

Aug 15 2015

246 Site Manufactured Home Community Sold in Michigan

By Matthew Silver / August 15, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Coachman’s Cove manufactured home community (MHC) in Munith, Michigan was sold at auction July 24 by Friedman Integrated Real Estate Solutions, according to rejournals. Consisting of 213 single section home sites and 33 sites for multi-section, Coachman is located 30 minutes from Ann Arbor on Big Portage Lake next to

246 Site Manufactured Home Community Sold in Michigan Read More

Bowersox Takes Vice President Position with Manufactured Housing Institute Read More

Bowersox Takes Vice President Position with Manufactured Housing Institute

By Matthew Silver / August 14, 2015 / Company News, Manufactured and Modular Housing News, Manufactured Homes, People, RV

MHProNews has learned from the Indiana Manufactured Housing Association-Recreation Vehicle Indiana Council (IMHA-RVIC) that Executive Director Mark Bowersox has resigned his position as of Sept. 5, 2015. With IMHA-RVIC for 12 years, he began as the association’s RV director, added the title of marketing director before being promoted to Executive

MHCV Outperforms Dow. LPX Gains 3.55% Read More

MHCV Outperforms Dow. LPX Gains 3.55%

By Matthew Silver / August 14, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Tyson closing beef plant in Iowa because of a cattle shortage, costing 400 jobs. U. S. tax revenues are at an all time high. Flamethrowers, which the military quit using after Vietnam, are now available to the public. U. S. Navy triples paid maternity leave

Shigeru Ban develops Modular Shelter for Quake Survivors in Nepal Read More

Shigeru Ban develops Modular Shelter for Quake Survivors in Nepal

By Matthew Silver / August 14, 2015 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

Following the April and May 2015 earthquakes that caused 9,000 deaths and injured 25,000 in Nepal, the worst earthquake to hit the country in more than 80 years, prize-winning Japanese architect Shigeru Ban has developed a modular shelter home for the survivors made in part from the rubble resulting from

Kingsley Management Corp. Acquires Florida Manufactured Home Community Read More

Kingsley Management Corp. Acquires Florida Manufactured Home Community

By Matthew Silver / August 14, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, mobile home

MHProNews has learned from businessobserverfl that Southwind Mobile Home Park in Palm Harbor, Florida has been sold by Belle Vista Properties LLC for $18.2 million to Kingsley Management Corp. of Provo, Utah. The 213 home site, age-restricted manufactured home community (MHC), which previously sold for $7 million in 1999, is