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In observance of Martin Luther King, Jr. Day, January 20, all stock markets are closed. They will reopen tomorrow morning at 9 A.M. (Image credit: House Financial Services Committee)
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.
Two Story Modular Home Built on Site in 48 Hours. You Think?
Researchers at the University of Southern California have developed a large 3D printer that will build a two-story modular home in 24 hours. The fabrication technology, called Contour Crafting, was developed by Behrokh Khoshnevis, according to worldpropertychannel.com. A printer fitted with fast-drying concrete replaces laborers to create a home based …
Two Story Modular Home Built on Site in 48 Hours. You Think? Read More
Modular Jail Proposed for Stockton
Inmate overcrowding is a major issue in the race for sheriff in Stockton, California, pitting incumbent Sheriff Steve Moore against Sgt. Pat Withrow. While a state panel approved $33.3 million for a new, higher-security facility to replace the Honor Farm, Withrow wants to add modular jail units on an “as …
Water System on Tap for Co-operative?
Wed. night, Jan. 22 the Town Council in Derry, New Hampshire will discuss a grant proposal for water system improvements for the Centennial Estates Manufactured Housing Cooperative. The public hearing is one of three that will be held to discuss the proposal for the 57 site manufactured housing community (MHC), …
Former Manufactured Housing Plant Bustling with Modular Workforce Units
Taking over a one-time manufactured housing plant in Johnstown, Colorado, PTI Group has converted the 113,000 square-foot facility to constructing modular workforce housing for the oil, gas and mining industries in Canada. Based in Alberta, Canada, PTI scouted 78 cities before choosing the Denver area because of the availability of …
Former Manufactured Housing Plant Bustling with Modular Workforce Units Read More
Manufactured Housing Chassis Firm Firms-up Financing
Following up on a story MHProNews posted Jan. 31, 2013, regarding $125,000 in seed money received by Wolfpack Chassis from Elevate Ventures’ Indiana Angel Network Fund (IANF), the Kendallville, IN-based company announces the completion of a $625,000 round of financing. Wolfpack manufactures chassis and chassis components for the manufactured housing …
Manufactured Housing Chassis Firm Firms-up Financing Read More
2014 Louisville Show Forecast; Cool, Busy!
The tough winter of 2013-2014 has not slowed the record pace for pre-registertions for the 2014 Louisville Manufactured Housing Show. The long range weather forecast for the Louisville Manufactured Show are for lower than normal temperatures, with highs during the show generally in the mid to upper 30s. But the …
Clayton-Bradley Academy Adding Classrooms Ahead of Schedule
As follow-up to a story MHProNews last posted May 22, 2013, the Clayton-Bradley Academy, which opened on the grounds of Clayton Homes in July, has announced plans to add four classrooms to the school which currently serves 78 tuition students. Dr. Don Bruce, chairman of the nonprofit organization Innovative Education …
Clayton-Bradley Academy Adding Classrooms Ahead of Schedule Read More
Modular Accommodations Supplier Declares Monthly Dividend
Black Diamond Structures of Calgary, Alberta, Canada, which rents and sells remote workforce housing and modular workspace solution, has announced it will pay a dividend of $0.075 per share for January, 2014. The company’s board of directors reports the dividend will be paid on February 18, 2014 to shareholders of …
Modular Accommodations Supplier Declares Monthly Dividend Read More
Patrick Ind. Notches Top Gain, while Louisiana Pacific Falls
Investors were disappointed by the drop in housing starts and building permits in December as they digested a bundle of economic reports from private industry. CNNMoney reports the Dow Jones Industrial Average managed a gain of 41.55 points, +0.25 percent, to end the week at 16,458.56. Meanwhile, the Nasdaq dropped …
Patrick Ind. Notches Top Gain, while Louisiana Pacific Falls Read More
Overall Housing Production Drops in December
The National Association of Home Builders (NAHB) reports housing production fell 9.8 percent in December to a seasonally-adjusted annual rate (SAAR) of 999,000 units following a gain in housing starts in November. The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau say single-family housing starts fell …
Axle & Tire Company Rolling Forward Once Again
TJT Inc. (OTC Markets: AXLE) reports a net profit of $75,815, $.02 per diluted share for the first quarter of fiscal year 2014, as compared to a net loss of $302,189 for the same quarter in the previous year. According to marketwatch.com net sales for Q1 2014 increased 90 percent …
Freddie Mac: Housing Market is Steadily Returning
The latest Freddie Mac Economic and Housing Market Outlook shows the housing market moving in a positive direction. Frank Nothaft, Freddie Mac’s vice president and chief economist, says “As we start 2014, the housing recovery continues its steady pace. House-price gains will likely moderate from last year’s pace but rise …
Modular Man Camp on Hold
The Billings County Fryburg School in western North Dakota was sold for almost $500,000 to Louisiana-based Energy Resource Group for a man camp for the Bakken oil field workers, but the company never followed through. The bismarcktribune.com reports an Alabama-based company, Bakken Suites of Fryburg, has more recently filed a …
Manufactured Homes Siting on Agenda
The Magnolia (Arkansas) Planning Commission will deal with the placement of several manufactured homes at its next meeting on Mon., Jan. 20, 2014. As magnoliareporter.com informs MHProNews, Aaron Thomas and Shari Palmucci have each requested a variance to site a manufactured home in an R2 zone (single-family homes and duplexes). …
Patrick Edges Up; Dow, S&P Nudge Down
Investors were disappointed by Citigroup and Best Buys’ poor earnings, and J. C.Penney’s decision to close 33 stores, dropping the Dow Jones Industrial Average -64.93 points, -0.39 percent, to close at 16,417.01. CNNMoney reports the Nasdaq nudged up +0.09 percent, +3.81 points, to finish at 4,218.69, while the S&P slid …
Housing Market Index Falls One Point, but Still Above 50
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for newly built, single-family homes fell one point to 56 in January. Rising home prices, historically low mortgage rates and significant pent-up demand will drive a continuing, gradual recovery in the year …
Housing Market Index Falls One Point, but Still Above 50 Read More
Modular Townhomes will Replace Housing Project
Livingston Manor at the southern edge of the Catskill Mountains in New York has won a $1.8 million grant to replace an affordable housing project with 27 two-bedroom and 33 three-bedroom modular townhomes, according to recordonline.com. Utilizing federal and state low-income housing tax credits, funding for the 60 unit Hemlock …
Universal Forest Products Acquires Insulation Producer
One of the subsidiaries of Universal Forest Products, Inc. (NASDAQ:UFPI) has agreed to purchase the assets of National Fiber, a manufacturer of environmentally sound cellulose insulation serving clients in the Northeastern U. S. Located in Belchertown, Massachusetts, National Fiber also sells special machines required to install the insulation, and offers …
Universal Forest Products Acquires Insulation Producer Read More
Affiliated Managers Group Advances; S&P Marks New High as Dow, Nasdaq Gain
Solid economic reports and strong bank earnings spurred the S&P to a new record high in today’s trading as the Dow advanced over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +108.08 points, +0.66 percent, to close at 16,481.94. The Nasdaq moved up +0.76 percent, +31.86 points, to …
Affiliated Managers Group Advances; S&P Marks New High as Dow, Nasdaq Gain Read More
