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: Gasoline prices expected to fall below $2. gallon by fall. Gift cards are the most requested gift in the U. S. for eight years. Wages growing fastest in Columbus, Ohio, San Francisco, Virginia Beach, Va. and Louisville, Ky. Low gas prices could hamper rise in […]
Dow Posts Strong Gain, MHCV Slips, LPX Gains 4.60% Read More
Norman Schweiss, 87, founder of Norm’s Mobile Home Sales, passed away in Eau Claire, Wisconsin. In 1953, at 25 years of age, Norm started his business, which eventually grew into seven locations throughout Wisconsin and Illinois, and in the 1970s, he expanded into developing and managing land lease communities, according
Passages: Norman Schweiss Read More
In response to an article in the Portsmouth Herald in Portsmouth, New Hampshire, residents of Hillcrest Estates manufactured home community (MHC) complain about the city planner’s suggestion that Hillcrest’s owner create a better sense of neighborhood in the community by building pocket parks. As seacoastonline tells MHProNews, Earl and Carole
Manufactured Home Community Residents say City has it Wrong Read More
The city of Vernon in south central British Columbia, Canada has issued a development permit and subdivision plan approval for a 77 home site manufactured home community, according to what vernonmorningstar tells MHProNews. Noting the need for more local housing, Len Sloan, of the development company, said, “We have no
Canadian City Planning new Manufactured Home Community Read More
What’s New in public focused Manufactured HomeLivingNews.com Paul Simon, Singing Homeward Bound, Doing Good Work and MH The Hybrid Core – A Different Style Factory Home-Building Process What’s New in Manufactured Housing Industry Professional News HUD Code Production Continues Rising. RV/MH Hall of Fame Inducts Class of 2015. Positive End
Sunday Morning Recap-Manufactured Housing Industry News Aug. 2-Aug. 9, 2015 Read More
MHProNews has learned from sanjose.granicus that the cityof San Jose, California has 59 land lease communities comprised of 10,836 manufactured and mobile homes housing approximately 35,000 residents. Many of the residents are elderly and some are disabled, sometimes both. San Jose has the highest concentration MH and MH households of
San Jose, California Seeks to Forestall Conversion of Land Lease Communities Read More
A company focused on energy efficiency, Ibacos, allied with developer Elliot Fabri Jr.’s EcoCraft Homes, a modular home buildern to erect an infill home on Pittsburgh’s north side. Thirty built-in monitors measure the levels of heat, humidity and CO2 levels, according to triblive. The home uses small, high efficiency heating
Monitors Measure Energy Use in Energy Efficient Modular Home Read More
A $660,800 grant from the New York State Division of Homes & Community Renewal (NYSHCR) will be used to replace dilapidated owner-occupied pre-HUD Code homes with energy-efficient manufactured homes in Otsego County, as reports thedailystar. Karen Sullivan, Otsego County Planning & Solid Waste Director, says over the next two years
Program in Second Year to Replace and/or Repair Manufactured Homes Read More
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
