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.
Australia’s prefabAUS CEO Warren McGregor says the major challenge in accepting modular construction methods involves altering preconceived notions that modular design is uninspired. He states, “The single biggest challenge [in embracing prefabrication] will be the change of mindset involved, and this change needs to be widespread, including clients, contractors, architects …
Potential for Modular Methods Down Under is Growing Read More
In financial news, minutes from the Federal Reserve’s March meeting indicates more caution in raising interest rates because of fears of a possible slowdown in the economy. Rates may not be set free until the Fall. Meanwhile, former NYC Mayor Michael Bloomberg has pledged $30 million more to reduce the …
MHCV Notches Gain; Fed may Extend Brakes on Interest Rates Read More
At a public hearing Tuesday morning, April 7, the Jasper (Ala.) City Council delayed a request for a zoning change that would have allowed a multi-section manufactured home (MH) to be sited after a neighbor opposed the change to R-3, affordable housing. Sharon Harris, who lives adjacent to the property …
City Council Tables Voting on Manufactured Home Siting Read More
Berkshire Hathaway, parent company of manufactured homes giant Clayton Homes, is purchasing a $560 million stake in Axalta Coating Systems, a subsidiary of private equity giant The Carlyle Group, which also has an interest in manufactured homes. According to Forbes, Axalta, which provides coatings for automobiles, SUVs and commercial vehicles, …
Two Financial Titans Have Fingers in the Pie of Manufactured Housing Read More
MHProNews has learned from PRNewswire that M. Scott Welch has been appointed to the Board of Directors of Patrick Industries, Inc. (NASDAQ:PATK), an Elkhart, Indiana-based major component supplier to the manufactured housing and recreational vehicle industries. Welch is the President and CEO of Welch Packaging Group, one of the largest …
As housingwire informs MHProNews, the latest report from CoreLogic says home prices nationwide rose 5.6 percent in Feb. 2015 over Feb. 2014, but increased only 1.1 percent from Jan. 2015 to Feb. 2015, indicating home price growth may only be temporary. Analysts are concerned that stagnant wage growth may hold …
Home Prices have Risen Monthly for over Three Years Read More
Following up on an article MHProNews published April 3, 2015 regarding the continuing rise in new HUD Code manufactured home shipments, we have learned from the Manufactured Housing Institute (MHI) shipments of single-section homes rose 13.6 percent and multi-section increased 6.1 percent Feb. 2015 over Feb. 2014. Total floors shipped …
Single and MultiSection Manufactured Home Production up in February Read More
Oil prices buoyed the market’s rise in yesterday’s trading but slipped -1.5 percent today. The Dow Jones Industrial Average nudged down -0.03 percent in today’s trading, -5.43 points to close at 17,875.42. Meanwhile, the Nasdaq slipped –0.14 percent, -7.09 points to close at 4,910.23, while the S&P 500 similarly fell, …
The Louisville-based non-profit, Next Step Network, is partnering with the manufactured housing (MH) industry, lenders, retailers, utilities, other nonprofits and public stakeholders to increase access to ENERGY STAR homes with flexible financing for Kentucky residents of manufactured homes. Manufactured homes account for 13.6 percent of Kentucky’s housing stock. The goal …
Kentucky Collaboration will Provide ENERGY STAR Manufactured Homes Read More
Since 1989, NB Wood Products in Ford City, Pennsylvania has produced handrails, moldings, kitchen cabinets and other custom wood items, primarily for the manufactured home industry. Starting with raw maple, red oak, hickory, ash and cherry hardwoods, NB Wood Products uses computer-driven woodworking equipment and a sophisticated finishing system to …
Manufactured Housing Component Supplier expects Uptick Read More
A couple in Hermiston, Oregon who own four manufactured homes saw their property tax increase 65 percent from 2013 to 2014 on one of the homes, a 1970 Golden West model at Vista Park Mobile Home Park. Umatilla County Tax Assessor Paul Chalmers says it was an anomaly, that the …
Couple Questions Tax Increase on pre-HUD Code Home Read More
Aries Building Systems of Texas, builder of modular schools, multifamily housing and hospitals is expanding into Oregon and the northwest. From its headquarters in Bellevue, Washington, the company will have facilities in Bend, Oregon and Vancouver, Washington. Aries plans to focus on custom and standard temporary and permanent modular buildings, …
Modular Building Producer Expanding into Northwest Read More
In Mountain View, California Rod Fox and Emily Gwynn left their $2,540/month, 800 square-foot apartment and moved to a 1,370 square foot manufactured home (MH) in Adobe Wells Mobile Home Park in Sunnyvale, CA. In the Bay Area, where median home prices hit $782,000, they are paying about the same …
On baseball season’s Opening Day, despite the disappointing jobs report Friday that the economy only added 126,000 jobs in March, the lowest number since the end of 2013, oil prices jumped six percent as Saudi Arabia raised its price to several Asian nations. The Dow Jones Industrial Average nudged up …
Karen and Tom Rogers live in a 420 square foot tiny house, built by Lil’ Lodges, in Bruton Park manufactured home community (MHC) in York County, Virginia. The county cited them for a violation because it is not a manufactured home, but following an appeal to the zoning board, they …
Tiny House in Manufactured Home Community Sparks Legal Debate Read More
In response to Boston’s Mayor Marty Walsh’s goal of adding 53,000 affordable housing units in the next 15 years, in order to keep up with a growing population, Boston Globe’s Mike Ross suggests modular construction techniques. A team of local studio architects called studioMAUD proposes Boston build its own modular …
Modular buildings will be installed to replace the cafeteria and band room that were destroyed after an arsonist with a history of setting fires was arrested for causing the million dollar blaze at South Albany High School in Albany, Oregon. Zachary Burghart admitted to throwing a lit cigarette into a …
HUD Code production continues rising, China going modular, Cavco Acquisition, Affordable housing lags, New MHC in Arizona, Inmates Building Modular Homes, Champion Partners with Winnebago, MHCC Suggests Multifamily HUD Code Homes and more. Mon., March 30 Rising Land Values Force Older Manufactured Home Communities Out China Choosing Modular for Hotels, …
From Elkhart, Indiana insurancenewsnet informs MHProNews Skyline Corp. reports net sales from continuing operations for fiscal Q3 2015 increased 26 percent to $38,109,000 from $30,169,000. The company reported net loss from continuing operations fell from $3,906,000 a year ago in Q3 to $2,911,000. The net loss from discontinued operations dropped …
MHProNews wishes you a very Happy Easter and Happy Passover. (Photo credit: wikipedia–New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News to MHProNews.
