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.

Neighbors Object to Proposed Manufactured Home Community Down Under

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

A proposed 100-homesite manufactured housing community in Australia is running into stiff opposition from the surrounding community, with over 100 complaint letters received about increased traffic, pedestrian safety, flooding problems and social impacts, according to newcastlestar.com.au. Dismissing resident concerns that it would look like a “tin hut community,” David Hughes, […]

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Single-family Home Prices Rise in Chicago

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

CoreLogic Case-Shiller informs MHProNews single-family homes prices rose in every Chicago-area zip code last year for the first time since 2006, led by the Mount Greenwood neighborhood–60655–on the South Side at 16.5 percent, followed by Morgan Park–60643– with 15.9 percent. At the other end of the spectrum Joliet–60432– notched the

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Board for Board, Factory-Built Housing Shines

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

Calling it the “best kept secret in America,” Sheri Koones understands the precision that goes into the manufacture of every factory-built home and especially appreciates the sustainability of its energy-saving features. The author of five books on prefabricated housing, she delineates between the pre-HUD Code homes and the manufactured and

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Patrick Industries Files Shareholder Selections with SEC

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

At its annual stockholders meeting Thursday, May 22, 2014, Patrick Industries, Inc. of Elkhart, Indiana said in a filing with the U. S. Securities and Exchange Commission (SEC) the following were named to the board of directors: Terrence D. Brennan, Joseph M. Cerulli, Todd M. Cleveland, John A. Forbes, Paul

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Modular Housing on Tap for Homeless in Guam

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

According to pacificnewscenter.com, included in Guam’s Gov. Eddie Calvo’s 2014 State of the Island address is construction of transitional housing to accommodate up to 15 homeless households composed of adults only. With funding from the public health department, the Guam Housing Corporation (GHC) is leading the effort to find appropriate

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Black Diamond Contracts for Modular Workforce Housing in Northern British Columbia

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

MHProNews.com has learned Black Diamond Group Limited of Calgary, Alberta, Canada has inked a 1,244 person workforce camp contract for the Montney Shale region of northeastern British Columbia, expecting to generate $34 million over the three year term of the agreement. The first 622 beds will be installed during the

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Atlantis Homes: Factory-built Housing Dealer of the Year

By / / Awards, Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

Bean Station, Tennessee-based Norris Homes, a division of manufactured and modular housing industry giant Clayton Homes, recently named Atlantis Homes LLC of Delmar, Delaware as its Independent Retailer of the Year for 2013. Based in Smyrna, DE, Atlantis is family-owned and operated since 2001, and also has model home centers

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The Hill-Bankers Sigh-but it’s not the “Iced Tea Party”

By / / Advocacy, Business, Economy, Manufactured and Modular Housing News, People

While the Tea Party can trace its origins to anger over the Wall Street bailouts in 2008, the sharp edge for that movement of the Republican Party to the right has been dulled at the polls recently, much to the relief of the banking industry, which sees the shift as

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Drew Stockholders Approve Initiatives

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

According to a filing with the U. S. Securities and Exchange Commission (SEC), at the stockholders meeting of Drew Industries, Inc. held May 22, 2014, the following were chosen as the board of directors: Edward W. Rose, lll, Leigh J. Abrams, James F. Gero, Frederick B. Hegi, Jr., David A.

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Legislation Would Allow MHC Residents to Challenge Rent Increases

By / / Advocacy, Communities, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

New York State Senator Ken LaValle (R-Port Jefferson) is drafting new legislation so owners of manufactured homes in communities would have some protection from “unjustifiable rent increases,” according to timesreview.com. Legislation aimed at protecting owners of manufactured homes has passed seven of the last eight years in the Democrat-controlled assembly,

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Cavco Gains Most Two Days Running; S&P Hits New High

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

The S&P hit a new high, 1900.53, +0.42 percent, +8.04 points as stocks rose modestly to begin the Memorial Day holiday. The Dow Jones Industrial Average moved up +0.38 percent, +63.19 points, to close at 16,606.27, while the Nasdaq gained +0.76 percent, +31.47 points, to end the week at 4,185.81.

Cavco Gains Most Two Days Running; S&P Hits New High Read More

Mayor Julian Castro to Lead the Department of Housing and Urban Development

By / / home buyers, Legal, Manufactured and Modular Housing News, People

President Barack Obama is moving Secretary of Housing and Urban Development (HUD) Shaun Donavan to be the Budget Director, and will nominate San Antonio Mayor Julian Castro to replace him. Now in his third term as mayor, Castro has focused on revitalizing the city’s urban core through a series of

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Did the CFPB Fail its Own “Disparate Impact” Test?

By / / Business, Finance, Manufactured and Modular Housing News, People, regulation

Thomas Brown, writing on bankstocks.com, reports the Consumer Financial Protection Bureau (CFPB) has jettisoned its personnel review board because on a 1-5 scale whites outscored Latinos who outscored blacks, so it will solve the inequality by paying everyone as a five. As Brown says, “This is no way to run

Did the CFPB Fail its Own “Disparate Impact” Test? Read More

City Refuses Request to Adopt Rent Control in MHCs

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

The topic at the Camarillo (Calif.) City Council turned to rent control as requested by residents of the Lamplighter Mobile Home Park because of their grievances against the owner, Irvine-based Investment Property Group (IPG). Members of the 227 homesite community say the swimming pool area is not kept up and

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HUD Grant Will Provide Housing Counseling

By / / Advocacy, Finance, home buyers, Manufactured and Modular Housing News

The U S. Department of Housing and Urban Development (HUD) has awarded $40 million in grants to hundreds of housing counseling agencies across the country to assist low and moderate-income families improve their housing conditions. According to housingwire.com, HUD expects the grants to help 1.5 million families make informed decisions

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Unknown Modular Housing Firm on the Block

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

An ad in The Wall Street Journal advertises a modular home manufacturing company with three plants totaling 260,000 square feet capable of generating $100 million in annual revenue for sale. According to woodworkingnetwork.com, the three facilities turn out modular and panelized homes as well as “building components.” Claiming it is

Unknown Modular Housing Firm on the Block Read More

Modular Shipping Containers will House Gas Exploration Workers

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

A British Columbia, Canada modular company is converting shipping containers into workforce housing for liquified natural gas (lng) workers in far northern BC near the Alaska line. The thousands of workers expected for the developing lng industry will be welcomed with flat screen TVs, computer workstations, floor-to-ceiling windows, air conditioning

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Cavco Posts 4.10 percent Gain; S&P Flirts with New High

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

The Dow Jones Industrial Average rose modestly +10.02 points, +0.06 percent, to end the day at 16,543.08, while the Nasdaq gained +22.80 points, +0.55 percent to end the day at 4,154.34. CNNMoney informs MHProNews.com the S&P flirted with a new high but eventually settled with a gain of gain +4.46

Cavco Posts 4.10 percent Gain; S&P Flirts with New High Read More

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