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.
Elkhart, Indiana-based Patrick Industries Inc. (PATK) is acquiring PolyDyn3, LLC, a producer of simulated stone and wood products for the recreational vehicle (RV) market, for $1.3 million. Also based in Elkhart, PolyDyn will be operated on a stand-alone basis in its current facility, according to rvbusiness.com. The interior and exterior […]
MH Component Supplier Patrick Acquires RV Component Maker PolyDyn3 Read More
The Wisconsin Housing Alliance reports the production of off-site built homes is down this year, especially for modular homes, which suffered a drop of ten percent in 2013 over 2012. As biz-times.com tells MHProNews, production in 2004 was almost 700 percent higher. Pittsville Homes closed this summer after 40 years
Manufactured Housing Growing, Modular Home Production Slipping in Wisconsin Read More
Noting the current housing market scenario is not meeting expectations most analysts predicted a year ago, Mortgage Bankers Association (MBA) CEO and President David Stevens says the changing demographic in the U. S. is going to require changes in the home financing market. “If you look at existing housing stock
MBA’s David Stevens: Home Ownership Financing must Change Read More
The Dodge City (Kansas) Commission listened to a group of south Dodge City residents voice disapproval of plans for a 12 modular home development, with one remonstrater referring to them as “trailers,” saying property values will suffer as the result. According to dodgeglobe.com, the city’s planning and zoning board approved
Proposed Modular Development Approved by Planning and Zoning Board Read More
According to the Manufactured Housing Institute (MHI), before leaving for the August Recess, the House of Representatives passed legislation (H.R. 5062) amending the Consumer Financial Protection Act (CFPA) – which is Title X of the Dodd-Frank Act – to provide protection against waiver of state and federal law privileges for
House Passes Privilege Information Read More
Only 142,000 jobs were added to the economy in August, a far cry from the 226,000 economists expected, and breaking the six straight months of growth over 200k monthly. The unemployment rate fell to 6.1 percent, as CNNMoney tells MHProNews, and all three major indexes gained only +.40 percent to
Liberty Plummets, Skyline Drops, S&P hits another High Read More
Plans to site 166 new modular homes in a proposed development in Vancouver, British Columbia, Canada on both sides of the South Alouette River are raising concerns with nearby residents—and the eyebrows of district staff. The increased density for the area would move from 2.5 residential units per hectare (nearly
Modular Housing Development to Straddle Canadian River Read More
Noted Seattle architectural firm CollinsWoerman, which MHProNews last covered April 22, 2011 as it developed plans for a multifamily modular unit in Seattle, has teamed up with Intellectual Ventures to strengthen its intellectual property regarding component parts of its modular system. The joint venture, called Innovative Building Technologies, LLC (IBT)
CollinsWoerman Readies Patented Modular Housing Components for Market Read More
Sam Zell, Chairman of real estate giant Equity International, and Equity LifeStyles, which owns/has an interest in 380 manufactured housing and recreational vehicle communities in North America, noting corporations that have missed their expected goals were low on the revenue side, which means the demand is not there for their
Zell, Soros, Druckenmiller and Icahn Agree: A Big Board Correction is Imminent Read More
In the continuing saga between developer Forest City Ratner and builder Skanska regarding the battle over construction of the largest modular apartment building in the world, as MHProNews posted here last Sept. 2, 2014, both parties have filed suit against the other. In its complaint, Skanska alleges “serious commercial and
Forest City and Skanska Cross-File Lawsuits over Massive Modular Housing Project Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the “Duty to Serve Underserved Markets” as it applies to manufactured housing, according to the Housing and Economic Recovery Act of 2008 (HERA), will be “revisited” under Melvin Watt, the new head of the Federal Housing Finance Agency (FHFA).
FHFA under Melvin Watt Taking New Approach to MH Read More
Residents of Los Angeles use a larger portion of their paycheck for housing than people in San Francisco, New York or Miami. “They’re bottom earners living in a high-priced housing market,” said Dowell Myers, a policy, planning and demographics professor at the University of Southern California in Los Angeles. Lower-income
Los Angeles Singing the ‘Rising Housing Cost Blues’ Read More
The European Central Bank is providing a stimulus to the economy, similar to the Federal Reserve’s bond-buying program, that will give regional countries more financial ability to import goods. However, markets were rather flat in today’s trading on the U.S. Big Board, as the three major indexes slipped modestly. The
MH Composite Regains, Skyline Pains, LPX Gains Read More
Writing in centraljersey.com, Anne Waldron Neumann tells MHProNews the Tiny House movement is attractive because it is off the grid—solar panels, recycled building materials, composting toilets, propane tanks—and it offers an anti-consumerism while still being community/neighborhood-friendly. She even suggests they could create more population density in Princeton, New Jersey by
Tiny Homes Recommended for Princeton, New Jersey Read More
While the oil boom in the Bakken Formation area near Watford City, North Dakota has brought a lot of quick prosperity to many local residents, the character of the town is changing due to the growth of the 1,400 residents six years ago to 10,000 today. As The atlantic.com tells
Affordable Housing still Wanting in the Bakken Oilfields area of North Dakota Read More
Eighty percent of the outstanding common stock of manufactured home builder Deer Valley Corp. (DVLY) is being acquired by software developer Peerless Systems Corp. in a deal valued at $3.68 million, according to streetinsider.com. Based in Guin, Alabama, Deer Valley builds, distributes, finances and provides warranty and repair services for
Peerless Systems acquires Majority of Deer Valley Homebuilders Read More
Due to over-and under-crowding in the Wake County (North Carolina) Public School System, board members discussed changing the academic calendar from a ten month calendar to a multi-track calendar, or install 21 modular classrooms to relieve overcrowding in the elementary and middle schools. Capacity in the different schools range from
Modular Classrooms may Ease Overcrowding Read More
The five percent fall of the Euro against the dollar over the last three months, and the slide of prices for goods leaving European factories may ring an alarm bell for other Western countries because of the close ties of the world economies. In today’s trading on Wall Street the
MH Composite Drops again, Liberty Homes Plunges, Deer Valley Moves up Read More
Some of the vacant lots in manufactured housing communities (MHCs) could meet the needs of truck drivers for the Southern Minnesota Sugar Beet Cooperative and its members as the season’s work begins Friday, Sept. 5 in Renville County. Jill Bruns, public health director, told the Renville County Board of Commissioners
Manufactured Homes could Provide Housing for Seasonal Workers Read More
According to the Manufactured Housing Association for Regulatory Reform, the U. S. Department of Housing and Urban Development (HUD) statistics reveal that production of manufactured homes jumped 18.4 percent in July over July 2013, 5,675 HUD Code homes this year as compared to 4,793 produced in July 2013. On the
HUD Code Production Rises Nearly 20 Percent in July Read More
