Manufactured and Modular Housing News

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.

Patrick Acquires Aluminum Products Producer Foremost Fabricators

By / / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price […]

Patrick Acquires Aluminum Products Producer Foremost Fabricators Read More

Is Housing Dragging on the Economy, or is the Opposite True?

By / / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

While many analysts and pundits predicted first quarter 2014 growth at 2.6 percent, in fact the economy shrank 2.9 percent, more than the minus one percent initially reported at the end of May. The only times gross domestic product (GDP) has fallen more than 1.5 percent has been just before

Is Housing Dragging on the Economy, or is the Opposite True? Read More

Millennials Continue to Live in Parental Homes

By / / Economy, home buyers, Manufactured and Modular Housing News, Trends

One of the biggest obstacles to housing growth, according to the Joint Center for Housing Studies of Harvard University, is that millennials are continuing to live with their parents in record numbers, according to housingwire.com. Approximately 2.1 million more adults in their 20s and 300,000 more in their 30’s lived

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Disaster Relief Housing Prototype Sited in Brooklyn

By / / Factory-Built Homes, Manufactured and Modular Housing News, Modular

Updating a story we first published May 22, 2013 regarding proposed modular disaster relief housing by Garrison Architects, a five module prototype has been installed in Brooklyn. Over the next couple of years, different people will live in the units for five days at a time to determine their functionality,

Disaster Relief Housing Prototype Sited in Brooklyn Read More

MSMHA Director Jennifer Hall Hails Senator Thad Cochran’s Election Win

By / / Advocacy, Manufactured and Modular Housing News, Manufactured Homes, People

Facing an energetic and aggressive challenger who took advantage of the anti-Washington, DC mood, Mississippi Republican Senator Thad Cochran, stunned by the June 3 primary that denied him an electoral majority, beat back TEA Party challenger Chris McDaniel by less than two percentage points, 6,400 votes in the Republican primary,

MSMHA Director Jennifer Hall Hails Senator Thad Cochran’s Election Win Read More

Liberty Homes Stock Skyrockets; Dow, Nasdaq, S&P Slip

By / / Business, Manufactured and Modular Housing News, Stocks

The Dow Jones Industrial Average got spooked early in today’s trading by worries about interest rates, dropping quickly to 16,750, then managing to close almost 100 points higher at 16,846.13, although still losing -21.38 points, -0.13 percent, as CNNMoney tells MHProNews. The Nasdaq slipped -0.71 points, -0.02 percent, to end

Liberty Homes Stock Skyrockets; Dow, Nasdaq, S&P Slip Read More

Los Angeles Housing Short on Affordability

By / / Economy, home buyers, Manufactured and Modular Housing News, Trends

The Harvard University’s Joint Center for Housing Studies reports half of the households in the Los Angeles metropolitan area spend 30 percent of their income on rent or mortgage payments, making it the highest rate of 381 U. S. metro areas; and 25 percent spend half of their income on

Los Angeles Housing Short on Affordability Read More

Factory-built Housing Rising as Age Drops in Oil Rich States

By / / Economy, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, Trends

The aging baby boomer generation moved the median age of United States residents from 37.5 years to 37.6 years as an estimated 10,000 people each day hit 65, and the youngest of the boomers enter their 50s. Seven states, according to mdjonline.com, however, actually saw their median ago lowered, and

Factory-built Housing Rising as Age Drops in Oil Rich States Read More

Trades Students Build another Modular Home

By / / Factory-Built Homes, Manufactured and Modular Housing News, Modular

As an addendum to a story MHProNews.com posted April 17, 2012 regarding students at the Upper Valley Career Center in Piqua, Ohio building a modular home for three developmentally-disabled individuals, different students at the same school recently completed a 1,992 square-foot modular home, again for the same disability service provider.

Trades Students Build another Modular Home Read More

Illinois Town Denies Request to Re-Site Manufactured Home

By / / home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Westville (Illinois) Village Trustees denied a request from resident John Barton to purchase a 22 year-old manufactured home within the village limits and and reposition it on a vacant lot within the village for his daughter and her family. The Westville zoning ordinance does not allow manufactured homes (MH) older

Illinois Town Denies Request to Re-Site Manufactured Home Read More

Cavco Gains Most in Second Straight Day of Trading

By / / Business, Manufactured and Modular Housing News, Stocks

The Dow Jones Industrial Average regained nearly half of what it lost yesterday, moving up +0.29 percent, + 49.38 points, to close at 16,867.51. CNNMoney tells MHProNews the Nasdaq regained +29.40 points, +0.68 percent, to end the day at 4,379.76, while the S&P 500, which had been on a tear

Cavco Gains Most in Second Straight Day of Trading Read More

Consumer Financial Protection Bureau Disarming Arms Merchants

By / / Advocacy, Business, Company News, Legal, Manufactured and Modular Housing News, regulation

Under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) can issue a cease-and-desist order to shut down any business at any time, preventing the business from re-opening until either the government gives its approval or a court ruling is issued. Due to the usual slow movement of bureaucracies and

Consumer Financial Protection Bureau Disarming Arms Merchants Read More

Murex Acquires Ventura Lakes MHC in Florida

By / / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Fort, Myers, Florida-based Murex Properties has acquired the 273-homesite manufactured housing community (MHC) Ventura Lakes in Punta Gorda, FL for $12 million, in conjunction with Northwest Mutual. The 84-acre community was developed in 1998 and includes an 8,000 square-foot clubhouse with a library, fitness center, billiards room, stage, dance floor

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Age-restricted MHCs offer Strong Sense of Community

By / / Communities, Green, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Noting the growing trend of retirees downsizing to homes that are more manageable and affordable, monroemonitor.com in Monroe, Washington suggests there is a growing market of used manufactured housing in 55+ retirement communities that with a little elbow grease can lead to living well, green and stylish. By replacing the

Age-restricted MHCs offer Strong Sense of Community Read More

Eugene Landy Honored by Yale Law School

By / / Awards, Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Yale Law School’s 2014 recipient of the Simeon Baldwin award has been conferred upon Eugene Landy, founder and chairman of UMH Properties, Inc. (NYSE:UMH) and Monmouth Real Estate Investment Corp. (NYSE:MNR). The award recognizes achievement in law and business. Describing Landy as “one of the pioneers and founders of the

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The Qualified Mortgage Safe Harbor may have Washed Away

By / / Business, Finance, home buyers, Legal, Manufactured and Modular Housing News, regulation

Just when lenders might have thought they were protected from ability to repay (ATR) loans because originating qualified mortgages (QMs) provided safe harbor, it turns out that under the Truth in Lending law a borrower can allege the lender engaged in unfair and deceptive acts (UDAP) that led to the

The Qualified Mortgage Safe Harbor may have Washed Away Read More

Cavco Edges Up, Sun Edges down; Dow drops over 100 points

By / / Business, Manufactured and Modular Housing News, Stocks

Despite a rise in new home sales, home prices and consumer confidence, investors turned their backs on stocks as the three major indexes all registered losses in today’s trading,  as CNNMoney tells MHProNews. The Dow Jones Industrial Average fell -119.13 points, -0.70 percent, to close at 16,818.13. The Nasdaq dropped

Cavco Edges Up, Sun Edges down; Dow drops over 100 points Read More

Modular Emergency Shelter Assembles in Two Minutes

By / / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular

A small, pop-up disaster relief shelter that can be assembled in two minutes is the brainchild of Australian entrepreneur Alastair Pryor, says nydailynews.com, and only costs $150. The foldable, lightweight emergency housing unit consists of a four-walled room with a door, made of heavy, twin-walled plastic, which gives it thermal

Modular Emergency Shelter Assembles in Two Minutes Read More

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