Matthew Silver

Following a 25-year career operating a custom hardwood furnishing business and occasional writing, Matthew Silver has been writing professionally for over a dozen years, six of those for the factory-built housing industry. Otherwise, he may be found performing folk music in the Indianapolis area.

Benzinga: Cavco, Deer Valley, Nobility and Skyline have Highest MH Revenue

By / May 19, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

The four manufactured housing stocks with the highest revenue, as MHProNews.com has learned from benzinga.com, are Cavco Industries, Inc. (NASDAQ:CVCO) that had a trailing-twelve-month revenue of $510.96 million with an operating revenue of 5.75 percent. With a gross profit for the same period of $11.46 million, Skyline (NYSE:SKY) reports a …

Benzinga: Cavco, Deer Valley, Nobility and Skyline have Highest MH Revenue Read More

Manufactured Home Community Ordered to Make Restitution

By / May 18, 2014 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

While the Bon Ayre manufactured home community in Smyrna, Delaware advertised residents were not liable to pay real estate taxes, the community sent out invoices December 2013 billing them for taxes from 2006, up to $291 each, MHProNews.com has learned. After receiving complaints from residents, the attorney general’s Consumer Protection …

Manufactured Home Community Ordered to Make Restitution Read More

Cavco to Release Fourth Quarter Financials

By / May 18, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Modular

According to marketwatch.com, Cavco Industries, Inc. will release its financials for Q4 of its fiscal year 2014 on Thurs., May 22 after the close of the market. Discussion of the results by senior management will take place in a live webcast the next day, Fri., May 23 at 12:00 PM …

Cavco to Release Fourth Quarter Financials Read More

Willie Robertson: Duck Call Star will be Voice of Clayton Homes

By / May 16, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

Duck Dynasty star of the Arts & Entertainment (A&E) hit reality show, Willie Robertson, will become the voice of Clayton Homes, as MHProNews has learned. Part of the company’s “Enjoy Life” campaign, CEO Kevin Clayton says, “Our company has a tradition of hard work and homegrown values. Willie Robertson is …

Willie Robertson: Duck Call Star will be Voice of Clayton Homes Read More

Sun Communities, Dow, Nasdaq and S&P all Edge up

By / May 16, 2014 / Business, Manufactured and Modular Housing News, Stocks

Consumer sentiment fell in May, but a strong April housing start report buoyed what has been a volatile week on the stock market, putting a positive spin on the week’s end. CNNMoney tells MHProNews.com the Dow Jones Industrial Average moved up 44.5 points, +0.27 percent, to end the week at …

Sun Communities, Dow, Nasdaq and S&P all Edge up Read More

Housing Starts Post Highest Pace in 8 years

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

The jump in multifamily housing starts for April of 39.6 percent is the fastest pace for this housing sector since Jan. 2006, and helped propel total housing starts to 1.07 million units, a 13.2 percent increase over March, according to figures released by the Department of Housing and Urban Development …

Housing Starts Post Highest Pace in 8 years Read More

Freddie Mac to Work with Experienced MHC Lenders

By / May 16, 2014 / Business, Communities, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Regarding Freddie Mac’s decision to begin purchasing and securitizing manufactured housing community (MHC) loans as MHProNews.com posted here May 1, 2014, costar.com reports these will be commercial loans made to the community owners. David Brickman, Freddie Mac Multifamily executive vice president, said, “Manufactured housing communities are an affordable housing option …

Freddie Mac to Work with Experienced MHC Lenders Read More

Bluffton, SC on Track with New Modular Homes

By / May 16, 2014 / Advocacy, Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, mobile home, Modular

Following a story MHProNews.com posted May 6, 2014 regarding a proposal to replace pre- HUD-Code homes in Bluffton, South Carolina with new affordable modular models, islandpacket.com supports the project but with reservations. Noting the city got in over its financial head with a $1.2 million previous plan that replaced dilapidated …

Bluffton, SC on Track with New Modular Homes Read More

Texas Manufactured Housing Title Changes Reported for January to February

By / May 15, 2014 / Business, Economy, Manufactured and Modular Housing News, Manufactured Homes, Trends

The Texas Manufactured Housing Association (TMHA) informs MHProNews.com that new and used manufactured home title changes rose +21.57 percent Feb. over Jan. this year, increased +1.19 percent over Feb. 2013, and the year-to-date percentage change from the same time last year rose +0.31 percent. For new titles the change from …

Texas Manufactured Housing Title Changes Reported for January to February Read More

Passages: Gary Abbate

By / May 15, 2014 / Awards, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

A veteran of the manufactured housing industry for over 40 years, Gary Abbate has passed away, according to Ken Anderson of the Arizona Housing Association (AHA). After joining the Redman Homes sales team in 1970 in Texas, he served as sales manager for Redman first in Florida from 1987-1996, and …

Passages: Gary Abbate Read More

Chairman of National Association of Home Builders Comments on Senate Measure

By / May 15, 2014 / Advocacy, home buyers, Legal, Legislation, Manufactured and Modular Housing News

Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., today issued the following statement following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member …

Chairman of National Association of Home Builders Comments on Senate Measure Read More

Deer Valley Plummets, Sun Rises just above Horizon; Dow Loses a Percent

By / May 15, 2014 / Business, Manufactured and Modular Housing News, Stocks

Calling it “the bears coming out from hibernation,” CNNMoney tells MHProNews.com days after hitting new highs, the Dow Jones Industrial Average dropped -167.16 points, -1.01 percent, to close at 16,446.81, while tech-heavy Nasdaq lost -31.34 points, -0.76 percent, to end the day at 4,069.29. The S&P dropped -17.68 points, -0.94 …

Deer Valley Plummets, Sun Rises just above Horizon; Dow Loses a Percent Read More

Modular Building part of Massachusetts Affordable Housing Program

By / May 15, 2014 / Business, Manufactured and Modular Housing News, Modular, People

Governor Deval Patrick took up a shovel to participate in a groundbreaking ceremony for a housing project in Chelsea, Massachusetts, at 44 Gerrish Ave. that will include a new modular unit along with the rehabilitation of the Standard Box building for 41 market rate apartments and five affordable rentals, already …

Modular Building part of Massachusetts Affordable Housing Program Read More

Boil Water Advisory Lifted in Manufactured Housing Community

By / May 15, 2014 / Communities, Manufactured and Modular Housing News, Manufactured Homes

A boil water advisory was issued by Capital Region Water, Tue., May 13, for a portion of Susquehanna Township that includes the Progress Ridge Manufactured Housing Community in Harrisburg, Pennsylvania. A contractor struck a water line, according to pennlive.com. Thurs., May 15 MHProNews.com learned the ban has been lifted after …

Boil Water Advisory Lifted in Manufactured Housing Community Read More

Passages: James L. Newman, Sr.

By / May 15, 2014 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

An industry leader and pioneering producer of manufactured homes since 1965, James L. Newman, Sr. of Bryan, Ohio passed away after a brief illness May 13 at age 75. He founded Manufactured Housing Enterprises (now MHE,Inc.) in 1965 with the motto of ‘Building Dreams One Home At A Time’ and …

Passages: James L. Newman, Sr. Read More

Modular Unit to be Installed at Arizona Airport

By / May 14, 2014 / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

According to azcentral.com, the Chandler (Arizona) Planning and Zoning Commission has approved a modular building to be used at Chandler Municipal Airport by Quantum Helicopters. MHProNews was unable to immediately determine the size of the structure or the provider. ## (Photo credit: Ron Medvescek/arizonadailystar.com–modular containers)

Modular Correctional Facility to Proceed

By / May 14, 2014 / Factory-Built Homes, Manufactured and Modular Housing News, Modular, Zoning

The Walterboro City Council in southern South Carolina had to amend a zoning ordinance in order to construct a modular detention facility where a portion of the old jail complex once stood. According to colletontoday.com, the zoning regulations in the Unified Development Ordinance allow a correctional facility to be built …

Modular Correctional Facility to Proceed Read More

ELS Edges Up; LPX, Cavco, Drew, Patrick and UFPI Fall over 3 Percent

By / May 14, 2014 / Business, Manufactured and Modular Housing News, Stocks

Stocks of Sears, Whirlpool and Fossil (known for watches and jewelry) fell in today’s trading as the three major indexes all posted a loss, with the Dow Jones Industrial Average falling -101.47 points, -0.61 percent, to close at 16,613.97, while tech-heavy Nasdaq lost -29.54 points, -0.72 percent, to end the …

ELS Edges Up; LPX, Cavco, Drew, Patrick and UFPI Fall over 3 Percent Read More

Poughkeepsie, New York will Install Modular Jail Cells

By / May 14, 2014 / Business, Factory-Built Homes, Legal, Legislation, Manufactured and Modular Housing News, Modular

Following a story MHProNews.com last posted Sept. 5, 2013 regarding a rejected proposal to use modular jail cells in Dutchess County, New York instead of paying other counties to house the overflow of prisoners, the state legislature voted $6.49 million to purchase and install modular “pods” as a temporary fix …

Poughkeepsie, New York will Install Modular Jail Cells Read More

Passages: Ralph Nattrass

By / May 14, 2014 / Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

The founder of Republic Mobile Homes in Texas in the late 1960’s, Ralph Nattrass passed away at age 88 in Edmonton, Alberta, Canada April 30. An owner of communities, subdivisions and part owner of Republic-Henslee Manufacturing, he teamed with Frank and Marina Woody to start the current Republic group in …

Passages: Ralph Nattrass Read More

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