Manufactured and Modular Housing News

Patrick Industries to Release Q1 Financial Results Read More

Patrick Industries to Release Q1 Financial Results

By Matthew Silver / April 16, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Patrick Industries, Inc., component supplier to the manufactured housing and recreational vehicle industries, will release its first quarter financials on Thursday, April 24, before the market opens. A conference call will be held later that morning at 10 AM, EDT to discuss the results, led by president and CEO Todd

Skyline Rises; Dow, Nasdaq and S&P like Fed Chief Yellen’s Comments Read More

Skyline Rises; Dow, Nasdaq and S&P like Fed Chief Yellen’s Comments

By Matthew Silver / April 16, 2014 / Business, Manufactured and Modular Housing News, Stocks

“Interest rates will likely stay at current levels for a considerable time after asset purchase program ends,” said Federal Reserve Chief Janet Yellen, when combined with positive earnings and economic data spurred the three major indexes to each gain one percent or more in today’s trading. The Dow Jones Industrial

Modular Apartment Winning Entrants to be Chosen in May Read More

Modular Apartment Winning Entrants to be Chosen in May

By Matthew Silver / April 16, 2014 / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Updating a story MHProNews.com last posted Dec. 11, 2013 regarding a new modular apartment building in New York city, the Manufactured Housing Institute (MHI) has received word from The Real Deal that winners of an affordable housing lottery to decide who will have the opportunity to live in the Stack,

MHARR Meets with FHA’s Carol Galante and HUD’s Pamela Danner Read More

MHARR Meets with FHA’s Carol Galante and HUD’s Pamela Danner

By Matthew Silver / April 16, 2014 / Advocacy, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

A delegation from the Manufactured Housing Association for Regulatory Reform (MHARR) met for an hour on April 14 with Department of Housing and Urban Development (HUD) Assistant Secretary/Federal Housing Commissioner Carol Galante and newly-arrived HUD Manufactured Housing Program Administrator Pamela Danner, and other HUD officials, to push for full implementation

Detroit Auctioning 16,000 Abandoned Homes Read More

Detroit Auctioning 16,000 Abandoned Homes

By Matthew Silver / April 16, 2014 / Business, Economy, home buyers, Legal, Manufactured and Modular Housing News

Hit hard by the foreclosure process and now trying to fight the ensuing blight, not to mention being embroiled in bankruptcy, Detroit is beginning to sell off some of the 16,000 homes it owns due to tax liens, according to cnnmoney.com. The opening bid for each home will be $1,000,

Manufactured Home Siting Stirs Discussion Read More

Manufactured Home Siting Stirs Discussion

By Matthew Silver / April 16, 2014 / Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

After a 17-year-old manufactured home (MH) was sited in Buffalo, Texas, two nearby property owners filed a complaint asking that the home be removed because it violated the city ordinance requiring MH to be eight years old or newer. At a workshop on the topic held April 14, 2014, the

Builder Confidence Nudges Up One Point Read More

Builder Confidence Nudges Up One Point

By Matthew Silver / April 16, 2014 / Advocacy, Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Builder confidence in the market for newly built, single-family homes rose one point to 47 in April following a March reading of 46 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Based on a survey the NAHB has been utilizing for 30 years, the HMI

Rezoning Required for Manufactured Home Communities Read More

Rezoning Required for Manufactured Home Communities

By Matthew Silver / April 15, 2014 / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, Zoning

Harris Mobile Home Park in Nederland, Texas was rezoned from neighborhood retail commercial to manufactured home district, one step towards bringing the community into compliance with a new city ordinance that went into effect in 2010. As panews.com informs MHProNews.com, the city now requires all manufactured housing communities (MHCs) be

Nobility Homes Slips, Patrick Industries and Sun Communities Gain Evenly Read More

Nobility Homes Slips, Patrick Industries and Sun Communities Gain Evenly

By Matthew Silver / April 15, 2014 / Business, Manufactured and Modular Housing News, Stocks

After falling in early trading to 16,075, the Dow Jones Industrial Average recovered some ground to close at 16,262.56, gaining +89.32 points, +0.55 percent. The Nasdaq gained 11.47 points, +0.29 percent to end the session at 4,034.16, while the S&P 500 moved up +12.37 points, +0.68 percent, to close at

Modular Shipments not affected by Roundabouts? Read More

Modular Shipments not affected by Roundabouts?

By Matthew Silver / April 15, 2014 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

Following a story MHProNews.com last posted Feb. 26, 2014 regarding a modular housing representative’s opposition to roundabouts on Iowa roads because semis hauling modular homes must take alternate routes due to a lack of maneuverable space, a roundabout will be built just west of Pinckneyville at the intersection of routes

Steel Modular House Shines Anew Read More

Steel Modular House Shines Anew

By Matthew Silver / April 15, 2014 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

Updating a story MHProNews posted Nov. 8, 2011 concerning the 1933 prefab Steel House from the campus of Connecticut College in New London, CT, the modular house was being shipped panel by panel to a facility in Pennsylvania to be restored and shined up. Affectionately called “Rusty” on the campus,

ELS Loses in California Court Case Read More

ELS Loses in California Court Case

By Matthew Silver / April 15, 2014 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

A jury in Santa Clara County, California entered a verdict against real estate investment trust (REIT) Equity LifeStyle Properties, Inc. (ELS) for $15.3 million in favor of current or former residents of the California Hawaiian manufactured home community (MHC) located in San Jose, California. Plaintiffs alleged ELS did not maintain

Sun to Release Q1 Financials Read More

Sun to Release Q1 Financials

By Matthew Silver / April 15, 2014 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

Southfield, Michigan-based Sun Communities, Inc. reports it will release its Q1 2014 financials April 30, prior to the opening of the market, followed by a conference call later that same morning at 11:00 AM eastern standard time to discuss the results, according to marketwatch.com. To participate call toll free 800

Manufactured Home Lots Selling in Fort Myers, Florida Read More

Manufactured Home Lots Selling in Fort Myers, Florida

By Matthew Silver / April 14, 2014 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

MHProNews.com has learned the sales rate at LeeCorp’s Country Lakes manufactured home subdivision in Florida has hit 78 percent, as 25 of the 32 homesites have been sold. Country Lakes is a 55 and older community with lots averaging 77 by 162 feet, and priced from $27,900 to $37,900 per

Manufactured Housing Shipments Rise from same Number of Plants Read More

Manufactured Housing Shipments Rise from same Number of Plants

By Matthew Silver / April 14, 2014 / Business, Manufactured and Modular Housing News, Manufactured Homes, Trends

Adding to a story MHProNews posted April 4, 2014 regarding the 5.9 percent increase of shipment of HUD Code homes in Feb., 2014 over Feb. 2013, the Manufactured Housing Institute (MHI) reports shipments of single-section homes remained flat while multi-section home shipments increased 11.8 percent. Total floors shipped in Feb.

Skyline Advances 3.24%; Dow nears 150 point Gain Read More

Skyline Advances 3.24%; Dow nears 150 point Gain

By Matthew Silver / April 14, 2014 / Business, Manufactured and Modular Housing News, Stocks

A strong rally pushed the Dow Jones Industrial Average up, but it fell around 3 PM, regaining some strength to end the first day of the week up +146.49 points, +0.91 percent, closing at 16,173.24. The Nasdaq gained 22.96 points, +0.57 percent to end the session at 4,022.69 while the

New Mexico City Approves new Manufactured Housing Community Read More

New Mexico City Approves new Manufactured Housing Community

By Matthew Silver / April 14, 2014 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

The Silver City (New Mexico) City Council approved #SD 14-01 request to plat a new manufactured housing community in town, according to grantcountybeat.com. The developer and his wife are longtime residents of Silver City and are investing their life savings in the project to provide safe, affordable housing for working