According to what CoreLogic’s Home Price Index, home prices posted a year-over-year gain in May of 5.9 percent, and an increase over April, 2016 of 1.3 percent, above CoreLogic’s expectations of an 0.9 percent rise. CoreLogic Chief Economist Frank Nothaft said year-over-year home prices have risen by 5-6 percent for …
MHProNews has learned from finance.yahoo that manufactured home and recreational vehicle component supplier Patrick Industries, Inc. (NASDAQ:PATK) has completed the acquisition of Vacuplast, LLC, d/b/a LS Manufacturing, Inc., producer of thermoformed plastic components, primarily for the recreational vehicle industry. Founded in 2003, the company’s 12-months trailing revenue through May 2016 …
Patrick Completes Acquisition of Plastics Firm LS Mfg. Read More
In the news from CNNMoney: U. S. oil boom planning a 2017 comeback. Fox news chief Ailes sued for sexual harassment. Brexit provides cheap London vacations. U. K.’s pound falls to 31-year low. World Cup tickets pass $1,000. Cheap gas blamed for high number of traffic deaths. Chipotle exec charged …
Deer Valley Plummets -27.14%; Patrick Advances +3.04% Read More
Residents of manufactured homes in Newberg and Yamhill County in northwestern Oregon, just south of Portland, will be eligible for repairs to manufactured homes if $400,000 is approved through a housing rehabilitation program. Community Development Director Doug Rux said the program would benefit about 120 people, all of whom fit …
Manufactured Home Repair Program to Assist Low Income Residents Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that based on statistics released by the Department of Housing and Urban Development (HUD), the manufactured housing industry produced 6,780 homes in May, 2016, a 16.9 percent increase over the 5,798 homes produced in May, 2015. Total HUD Code production …
Manufactured Home Production Continues Double-digit Growth Read More
Skyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager, …
Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr. Read More
The Riverside tiny home by Nashville, TN-based New Frontier Tiny Homes measures 242 sq. ft., and at $79,000, this modular comes ready-to-move-in furnished, down to the the cutlery, furniture and all other accoutrements, according to what gizmag tells MHProNews. Sitting on a triple-axle trailer, the ebony stained cedar board and …
MHProNews has learned from wvmetronews that the Federal Emergency Management Agency (FEMA) has stated some 5,500 homes and businesses have been impacted by the severe flooding in West Virginia, and of those, 1,500 are homes damaged beyond repair. President Barack Obama declared West Virginia a disaster area and made expanded …
In the news from CNNMoney: Delta loses $450 million bet on fuel. U. S. has the most untapped oil in the world. Some Ashley Madison women were actually computerized fembots. Five years later NASA’s Juno reaches Jupiter. Mounting concern over superbug in Rio’s waters. Twinkies maker Hostess to go public. …
Nobility Homes Gains+3.79%, NorthStar Realty Drops -5.24% Read More
Updating a story MHProNews has been following out of the Lowry Grove manufactured home community (MH) in St. Anthony, MN outside Minneapolis, where residents were trying to stop the sale of their community, and are now trying to reverse the sale in court, the nearly 100 families have been given …
Lawsuit Attempts to Block Sale of Manufactured Home Community Read More
The manufactured home community (MHC) that has been the setting for TLC’s Myrtle Manor TV reality show in Myrtle Beach, South Carolina is in fact Patrick’s Mobile Home Park, according to myrtlebeachonline. Owner Cecil Patrick currently sells souvenirs relating to the show but has to apply for a “special event” …
In insider trading, Todd Cleveland, CEO of Patrick Industries, Inc. (NASDAQ:PATK), a component supplier to the manufactured home and recreational vehicle industries, sold 20,000 shares of Patrick common stock at an average price of $59.50 per share for a net transaction of $1,190,715. Currently, Mr. Cleveland owns 405,481 shares of …
Insiders Making News at Patrick Ind. and Sun Communities Read More
Using low-income housing tax credits from the Internal Revenue Service, the $6.4 million modular senior housing project in Huntington, West Virginia, which when completed before the end of the year will consist of 30 one-bedroom units measuring about 650 sq. ft. and 10 two-bedroom units of about 800 sq. ft …
Modular Apartments for Seniors to be Occupied by Year’s End Read More
All U. S. stock exchanges are closed for the fourth of July holiday.They will reopen tomorrow at 9 AM. Happy Birthday America!! (Photo credit: Wikipedia–New York Stock Exchange) Article submitted by Matthew J Silver and posted to Daily Business News-MHProNews.
Despite the slowdown in the oilfield economy around Odessa, Texas, the population is still growing, especially in the area around West Odessa in Ector County. Local officials estimate based on the number of applications for installing septic systems, which are typically for single-family residences. The 2010 census determined there were …
Manufactured Home Growth Still Alive in West Texas Read More
The Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable September 15, 2016, to shareholders of record as of Aug. 15, 2016. This equates to an annual dividend rate of $0.72 per share, as satprnews …
UMH Properties Announces Quarterly Stock Dividends Read More
What’s New in public focused Manufactured HomeLivingNews.com St. Petersburg, FL – Misjudging Mobile Homes – Tale of Two Cities What’s New in Manufactured Housing Industry Professional News House committee requesting documentation from CFPB. Modular apartments replacing old apartment buildings. Zeman plans MH build in Florida. Maine city gets community development …
Sunday Morning Recap-Manufactured Housing Industry News June 26-July 3, 2016 Read More
MHProNews stated in a post June 14, 2016, the Consumer Financial Protection Bureau (CFPB) has spent nearly double in advertising this year than for all of 2015, spending 2.5 percent of its budget on ads to reach consumers. As MHProNews noted then, “during the past three years, only the National …
House Committee Pressing CFPB for Advertising Documentation Read More
Over four-and-one-half years after Tropical Storm Irene tore through Waterbury, Vermont, destroying 11 manufactured homes (MH) with waist deep water, developer Bob Baker with Paramount Homes is replacing the damaged units with 11 modular homes he will rent out. “As strong Vermonters, we just rebuild and that’s what we’re doing. …
Modular Homes Rising where Irene Destroyed Manufactured Homes Read More
People walking through a sleek new design home in San Diego overlooking the Pacific do not realize it is made of recycled shipping containers until they are told, as realtor tells MHProNews. “There’s a stigma, a misperception,” listing agent Jonathan Sanders says of the modular construction which his company and …
