Announcements

Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016

By / May 16, 2016 / Advocacy, Announcements, Awards, Business, Canada, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation, RV, Trade Shows

What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease …

Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More

Clayton Homes Inaugurates Birmingham Home Show

By / May 11, 2016 / Announcements, Business, Company News, Events, Manufactured and Modular Housing News, Manufactured Homes, Trade Shows

Employing 2,142 team members from 10 supply operations and seven home building facilities in Alabama, as well as having built 5,734 homes in the state, manufactured home builder Clayton Homes will host its very first Birmingham Home Show May 17-19, 2016, at the Birmingham-Jefferson Convention Complex. Showcasing 27 homes, Keith …

Clayton Homes Inaugurates Birmingham Home Show Read More

Manufactured Housing Issues Remain from Hurricane Sandy

By / May 10, 2016 / Announcements, Events, Manufactured and Modular Housing News, Manufactured Homes, People

Three-and-a-half years after Hurricane Sandy ripped up the east coast of the U. S. in Oct. 2012, leaving 7.9 million businesses and households without power, causing 147 deaths in the U. S., Canada and the Caribbean, families are still facing obstacles in resolving housing issues. An information session will be …

Manufactured Housing Issues Remain from Hurricane Sandy Read More

New Housing Trust Fund has $174M to Acquire Affordable Housing

By / May 9, 2016 / Announcements, Legal, Manufactured and Modular Housing News, Manufactured Homes

The U. S. Department of Housing and Urban Development (HUD) reports to MHProNews for the first time ever it has allocated $174 million through the new Housing Trust Fund, an affordable housing production program to complement existing governmental efforts—local, state and national—intended to increase and preserve affordable housing for extremely …

New Housing Trust Fund has $174M to Acquire Affordable Housing Read More

Workforce Builder Horizon Logistics Acquires Modular Home Builder Karoleena of British Columbia

By / May 8, 2016 / Announcements, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

MHProNews has been informed by ottawacitizen that award-winning modular home designer Karoleena of Okanagan, British Columbia, Canada has been acquired by Horizon North Logistics, Inc., a builder of relocatable modular workforce housing in remote areas, as well as camp management accommodations and catering. To meet the growing need for a …

Workforce Builder Horizon Logistics Acquires Modular Home Builder Karoleena of British Columbia Read More

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016

By / May 8, 2016 / Advocacy, Announcements, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trade Shows

What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing …

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More

Innovative Building Systems filing for Bankruptcy, closing Keiser in Maine

By / May 7, 2016 / Announcements, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

MHPronews has learned from wmtw in Oxford, Maine that modular builder Keiser Homes is abruptly closing, ending work for 120 employees. Officials laid off 60 employees in April and said they would return by mid-May, but that was not to be. According to Julie Rabinowitz of the Department of Labor, …

Innovative Building Systems filing for Bankruptcy, closing Keiser in Maine Read More

Drew Wastes no Time Moving on Europe

By / May 4, 2016 / Announcements, Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Following a story MHProNews posted April 29, 2016 regarding Drew Industries increasing its line of credit from $100 million to $200 million, with up to $50 million earmarked for approved foreign currencies, the component supplier to the manufactured home (MH) and recreational vehicle (RV) industries, has acquired Project 2000 S.r.l., …

Drew Wastes no Time Moving on Europe Read More

MH Lender Cascade Financial Services Acquired by Centerbridge

By / May 4, 2016 / Announcements, Business, Company News, Factory-Built Homes, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016, …

MH Lender Cascade Financial Services Acquired by Centerbridge Read More

MHRE_inc

MHRE Expanding its National Footprint

By / May 11, 2016 / Announcements, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has been informed MHRE Inc., Manufactured Housing Group, the real estate brokerage and advisory company predicated exclusively in the manufactured housing and recreational vehicle asset class, announces it is expanding from its Detroit home office to open locations in Orlando, Fla. and San Diego, Calif. to better serve its …

MHRE Expanding its National Footprint Read More

Trump’s Opponents Spent over $75 Million Trying to Defeat Him

By / May 4, 2016 / Advocacy, Announcements, Events, Manufactured and Modular Housing News, People

MHProNews has learned from thegatewaypundit that anti-Trump groups spent $75.7 million on 64,000 television ads against Donald Trump’s bid for the presidency, according to ad tracking firm Kantar Media/CMAG. This figure does not include ads that appeared on cable and satellite channels as those are not part of the tracking …

Trump’s Opponents Spent over $75 Million Trying to Defeat Him Read More

New Manufactured Home Community Considered for Alberta, Canada

By / May 4, 2016 / Announcements, Business, Canada, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from mygrandeprairienow that a new manufactured home community (MHC) may be in the works for Grande Prairie, Alberta, Canada. Developers are considering property currently being used for agriculture production as the site. The city will take under advisement amending a bylaw to rezone the property, changing it …

New Manufactured Home Community Considered for Alberta, Canada Read More

CFPB Contemplating Clarifying TRID

By / May 3, 2016 / Announcements, Business, Finance, home buyers, Legal, Manufactured and Modular Housing News, People, regulation

Director Richard Cordray, of the Consumer Financial Protection Bureau (CFPB), responding to complaints regarding complying with the so-called Know Before You Owe rule for homebuyers —formally, the TILA-RESPA Integrated Disclosure (TRID) rule implemented Oct. 3, 2015 –wrote a letter to financial trades members stating the bureau is considering making “adjustments” …

CFPB Contemplating Clarifying TRID Read More

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016

By / April 30, 2016 / Advocacy, Announcements, Awards, Business, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew …

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More

Manufactured Home Community Closing in Minneapolis

By / April 30, 2016 / Announcements, Business, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

The Lowry Grove manufactured home community (MHC) in St. Anthony, Minnesota, will be closing in a year for redeveloping, as startribune informs MHProNews. The 15 acre community with 97 factory-built homes, some pre HUD Code, follows a string of MHC closings in the northern Minneapolis metropolitan area. According to Metropolitan …

Manufactured Home Community Closing in Minneapolis Read More

Clayton Acquires another Site-built Home Builder

By / April 29, 2016 / Announcements, Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from builderonline that manufactured housing giant Clayton Homes has acquired Goodall Homes of Gallatin, Tenn. as it increases its mark on the site-built home industry, having purchased site home builder Chafin Communities of Georgia last fall. Goodall has been building single-family homes, townhomes and condominiums since 1990, …

Clayton Acquires another Site-built Home Builder Read More

Drew Drawing a Bead on Overseas Markets?

By / April 28, 2016 / Announcements, Business, Canada, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned that Elkhart, IN-based Drew Industries, Inc. announces the refinancing of its revolving credit facility from its current $100 million that will expire in Jan. 2019, to $200 million, led by JPMorgan and Wells Fargo. The company had nothing outstanding against the $100 million at the close of …

Drew Drawing a Bead on Overseas Markets? Read More

Patrick Ind. Reports Revenue Increase of 25 percent for Q1

By / April 28, 2016 / Announcements, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

For the first quarter of 2016, manufactured home (MH) and recreational vehicle (RV) component supplier Patrick Industries, Inc. (NASDAQ:PATK) reports sales increased $55.2 million, 25 percent, from $223.4 million to $278.6 million, largely attributable to a 25 percent increase in revenue from the RV industry. Revenue from the MH industry …

Patrick Ind. Reports Revenue Increase of 25 percent for Q1 Read More

Modular Builder in Iowa may Re-open with New Owner

By / April 27, 2016 / Announcements, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Doug Stimpson, General Manager of All American Homes in Dyersville, Iowa, said the majority of the 75 workers have been laid off pending the sale of the modular home business to another owner, according to thonline. “We have a buyer who has paid a deposit of $1 million to purchase …

Modular Builder in Iowa may Re-open with New Owner Read More

Kentucky Manufactured Housing Institute Awards Scholarship

By / April 27, 2016 / Announcements, Awards, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned from owentonnewsherald the Kentucky Manufactured Housing Institute (KMHI) has announced Sparta, Kentucky resident Arielle M. Columbia has been named as a 2016 KMHI Scholarship Award recipient. She received one of five $1,000 scholarships awarded to graduating high school students who currently live in manufactured housing in KY. …

Kentucky Manufactured Housing Institute Awards Scholarship Read More

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