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 other news, oil lands above $60 a barrel for the first time this year, other burger chains are eating McDonald’s for lunch, and venture capitalist Dave McClure, head of 500 Startups, says women and minorities are underpriced assets in today’s marketplace. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) […]
Louisiana Pacific Flies, MHCV Moves Up, Drew Cries, Dow Drops 142 Points Read More
Net sales for Drew Industries, Inc. (NYSE:DW) in the first quarter of 2015 rose to a quarterly record $361 million, 27 percent higher than for the same period 2014, resulting in net income of $20.1 million, $0.82 per diluted share, versus $16.2 million, or $0.67 per diluted share for the
Drew Draws Aces, Posting Record First Quarter 2015 Read More
With 19 atriums, 800 apartments and office space for 4,000 workers, 1,200 employees of the Broad Sustainable Building Co. erected a 57-story modular skyscraper in 19 working days in Hunan’s provincial capital, Changsha, China, according to ca.news.china. The 2,736 modules that make up Mini Sky City were fabricated in 4
Modular Skyscraper Erected in 19 Days Read More
MHProNews has learned from globenewswire that manufactured and modular home builder Cavco Industries, Inc. (NASDAQ:CVCO) has acquired Fairmont Homes, Inc. of Nappanee, Indiana through its wholly-owned subsidiary, FH Group, LLC.. With manufacturing plants in Indiana and Minnesota, Fairmont produces manufactured and modular homes and park model recreational vehicles (RVs), and
Cavco Acquires Manufactured Home Producer Fairmont Read More
Based on official statistics gathered on behalf of the Department of Housing and Urban Development (HUD), the Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in March hit 5,602, a 14.3 percent increase over the 4,899 homes produced in March 2014. This
HUD Code Manufactured Home Production Continues Rising Read More
In today’s financial news, hedge fund guru David Einhorn says oil fracking companies are a bad investment because the price of oil has fallen so drastically, from $100 a barrel last summer to under $60 a barrel today. Employee compensation has risen 2.6 percent in the last year, the largest
MHCV Scores Better than Dow; Wages Finally Rise Read More
Broad Rock Elementary School in Richmond, Virginia is receiving a 12-classroom modular complex, and E.S.H. Greene Elementary is getting one with nine classrooms, each unit with two bathrooms, interior hallways and enough space to serve meals, as richmond tells MHProNews. Both schools are above 125 percent capacity, and while school
Modern Modular Classrooms will Serve VA Schools Well Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) has informed MHProNews of a letter sent by Rep. Sean Duffy (R-WI), Chairman of the House Subcommittee on Oversight and Investigations, to Housing and Urban Development (HUD) Director Julian Castro regarding a conflict of interest in the awarding of a contract. A
Letter from Rep. Sean Duffy Seeks Info Concerning Manufactured Housing Contract Read More
ROC USA (resident-owned communities) informs MHProNews that with the co-op status of Turnpike Park Cooperative in Westborough, Massachusetts secured, it has now transformed 168 communities representing 10,017 homes in 14 states into resident ownership. Scott Knox, president of Turnpike’s board of directors of the 46 homes which refinanced its purchase
Resident-owned Manufactured Home Communities Celebrates 10,000th Homesite Read More
Drew Expands. MH Restrictions may Lift Down Under. School Obtains Modular Classrooms. Legislation Proposed to Dispute False Claims. Support MH Senate Bill. MH the New American Dream? MH Scores in Illinois. Mini Mods In San Francisco. MH Fraud in Arizona. Pending home sales rise. Bad actor charged in Florida. Patrick
Sunday Morning Recap April 27-May 2, 2015 Read More
A disabled veteran in Birch Run, Michigan has evidently received an eviction order from Birchwood Farms manufactured home community (MHC), and has been told he and his wife and three children have 30 days to leave. Although Gordy Harris says he has never been late on his rent, according to
Disabled Vet gets Eviction Notice from Manufactured Home Community Read More
Blocks Modular of Calgary, Alberta Canada are converting steel shipping containers (“seacans”) into hotel suites, affordable housing units, staff accommodations and cottages, according to what globalnews.ca tells MHPronews. “It is narrow, but that’s only one. And you put two or three together with the proper floor plan and it opens
Shipping Containers becoming Modular Housing north of the Border Read More
Facebookers donate $10 million to Nepal quake survivors, Europe’s deflation worries ease, and Tesla will be offering a home battery, ‘Powerwall,” that can save consumers 25 percent in electric bills. The Yahoo Manufactured Housing Composite Value (MHCV) moved down -0.31 percent, to close at 636.8. Tracked manufactured housing stocks closed
Dow Erases Yesterday’s Drop; Louisiana Pacific Advances Read More
The National Association of Home Builders (NAHB) tells MHProNews that builder confidence in the single-family 55+ housing market remains strong in Q1 2015 despite the index edging down one point to 58 from the previous quarter. This marks the fourth consecutive quarter the Housing Market Index (HMI) has been above
Market for Single-family 55+ Building Remains Strong Read More
Noting that the technology involved in manufactured housing (MH) has improved greatly over the years, especially since the inception of the federally regulated HUD Code in 1976, Robin Roy, writing for the Natural Resources Defense Council blog, Switchboard, says MH is poised to continue to play a vital role in
Energy Efficiency on the Table at MHI’s Expo in Las Vegas Read More
“We believe that the manufactured housing mortgage space is poised to make a comeback in the capital markets,” says Stephan Wheeler, managing director and chairman of HAS Capital, LLC. HAS has just appointed Scott MacFarlane to manage the company’s manufactured housing (MH) funding programs and develop their national originations platform,
HAS Hires MacFarlane for New Manufactured Housing Position Read More
Due to an extended Inside MH Road Show, the prior week at the MHI Congress and Expo, pending special announcements and other factors, the new Featured Articles (FAs) on MHProNews are scheduled to go live by approximately 11 PM May 2nd. Until then, you’ll find recent articles on MHLivingNews.com, such
New Featured Articles Scheduled to Go-Live by 11 PM May 2 Read More
The private research group the Conference Board reports consumers are more worried about the economy as well as the outlook for the future. As the Wall Street Journal tells rvbusiness, its index of consumer confidence dropped to 95.2 in April, from 101.4 in March. Consumers’ assessment of current economic conditions
Consumer Confidence Receding Read More
Carefree Communities, Inc. of Scottsdale, Arizona acquired Central Park manufactured home (MH) and recreational vehicle (RV) communities in Haines City. Florida, April 23. Located 90 miles from Tampa and Orlando, the age-restricted 55+ Central Park MH has 110 homesites, and the Central Park RV community has 368 sites. Both communities
Carefree Acquires Central Park in Florida Read More
MHProNews has learned from riverheadnewsreview on Long Island, New York that single-family home construction has risen in Riverhead Town, nearly doubling last year over 2013, including factory-built homes. Although it is considerably less than the 381 permits let in 2002 and 271 in 2003 in the run-up to the housing
More Factory-built Homes Rise on Long Island Read More
