Matthew Silver

Montana Town Planning Commission Approves one MHC, Denies another Read More

Montana Town Planning Commission Approves one MHC, Denies another

By Matthew Silver / April 15, 2016 April 15, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Zoning

While the Laurel City-County Planning Board in Montana turned down three requests for a variance for Regal Community Park, a proposed manufactured home community, after neighbors expressed concerns over falling property values, the board did vote 3-1 (with one abstention) for a zone change to allow for a manufactured home …

Deer Valley Gains Most Second Successive Day Read More

Deer Valley Gains Most Second Successive Day

By Matthew Silver / April 15, 2016 April 15, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: FBI says cyber-extortion losses sky rocket. NBA will allow ads on players’ jerseys. Ted Cruz vows 5% economic growth. Pope Francis and Sen. Bernie Sanders want a moral economy. Trump and Cruz predict stock market “crash.” Africa’s four top economies are in trouble. Delhi’s car …

Patrick Industries Set to Release Q1 Financials Read More

Patrick Industries Set to Release Q1 Financials

By Matthew Silver / April 15, 2016 April 15, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) of Elkhart, Indiana will release it’s first quarter 2016 financials on Thurs., April 28, 2016 before the market opens. Officials of the company, including CEO Todd Cleveland, President Andy Nemeth and CFO Josh Boone will host a conference call that …

Refugees Swelling need for Modular Housing in Sweden Read More

Refugees Swelling need for Modular Housing in Sweden

By Matthew Silver / April 15, 2016 April 15, 2016 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

Sweden is swarming with refugees, creating a housing crisis which the government wants to address with modular homes, which is setting off swarms of criticism from the left and the right. According to sputniknews, the opposition states the homes will have outlived their usefulness after 10-15 years and will be …

Apr 15 2016April 14, 2016

The Sky is Becoming Sunnier at Skyline

By Matthew Silver / April 15, 2016 April 14, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

For Q3 of 2016, manufactured and modular home builder Skyline Corp. (NYSE:SKY) reports net sales from continuing operations rose 25 percent over same quarter 2015, $47,697,000 versus $38,109,000. The report also reveals a net loss from continuing operations of $514,000, much lower than the loss of $2,911,000 in Q3 2015. …

The Sky is Becoming Sunnier at Skyline Read More

Town Hopes Manufactured Homes can Qualify as Affordable Housing Read More

Town Hopes Manufactured Homes can Qualify as Affordable Housing

By Matthew Silver / April 14, 2016 April 14, 2016 / Advocacy, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Following a story that MHProNews last reported March 31, 2016 regarding officials of Carver, Massachusetts attempting to have manufactured housing classified as affordable housing to comply with state requirements, Town Meeting voters support a petition to the state legislature asking for an exemption, but with some dissension. The state requires …

Deer Valley Gains +10.90 percent; Nobility Homes Drops -3.57 percent Read More

Deer Valley Gains +10.90 percent; Nobility Homes Drops -3.57 percent

By Matthew Silver / April 14, 2016 April 14, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Mexico forced to rescue oil giant Pemex. Toxic oil loans creating big trouble for big banks. Top U. S. companies holing $1.4 trillion offshore. This year 236,000 foreign workers applied for H1-B, the most common work visa, up from 172,500 in 2014. Delta no longer …

Shepherd’s Hut Re-introduced as Tiny Home Read More

Shepherd’s Hut Re-introduced as Tiny Home

By Matthew Silver / April 14, 2016 April 14, 2016 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

All the rustic charm of the old English Shepherd’s Hut is captured in the tiny homes of Contemporary Shepherd Huts but with added modern touches like a skylight that runs the length of the home, kitchen and bathroom. The traditional shepherd huts were made for taking a snooze after a …

CFPB Hammered over Abuse of Power Read More

CFPB Hammered over Abuse of Power

By Matthew Silver / April 14, 2016 April 14, 2016 / Business, Finance, home buyers, Legal, Manufactured and Modular Housing News, regulation

As housingwire tells MHProNews, in the opening rounds of the legal battle between PHH and the Consumer Financial Protection Bureau (CFPB) being heard in the U. S. Court of Appeals for the District of Columbia Circuit, one judge questioned the authority of the CFPB in general, and that of Director …

Apr 14 2016April 13, 2016

Manufactured Home Community Sells for $3.3 Million

By Matthew Silver / April 14, 2016 April 13, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has been informed by therealdeal that Zachary Taylor RV Park in Okeechobee, Fla. was acquired by Coastal Income Properties for $3.3 million from a private seller. Capstone Manufactured Housing, based in Charlotte, North Carolina, brokered the transaction, led by Deucie Bies and Kevan Enger, the fourth manufactured home community …

Manufactured Home Community Sells for $3.3 Million Read More

Foreclosure Continues to Haunt One-time Homeowners Read More

Foreclosure Continues to Haunt One-time Homeowners

By Matthew Silver / April 13, 2016 April 13, 2016 / Business, Finance, home buyers, Manufactured and Modular Housing News, People

Even though years may have gone by since they last owned a home, losing a home to foreclosure has turned many people off to the whole process of buying a home. Dan Sullivan, a foreclosure prevention specialist in Pittsburgh, said he has seen people who have worked for five or …

Modular Housing Costs higher than Original Estimates Read More

Modular Housing Costs higher than Original Estimates

By Matthew Silver / April 13, 2016 April 13, 2016 / Business, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Following the continuing story of modular homes for the homeless in Dublin, Ireland, the first installment of which were originally set for last Christmas, as MHProNews posted March 3, 2016, utv.ie reports the homes will now cost approximately 1.5 times more than originally stated, around €243,000 each ($215,298 USD). The …

Former Magnolia Homes Modular Facility Re-opening as Family Built Homes Read More

Former Magnolia Homes Modular Facility Re-opening as Family Built Homes

By Matthew Silver / April 13, 2016 April 13, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Small Business

Updating a story MHProNews last posted June 18, 2015 about the possible re-opening of the former Magnolia Homes in Gering, Nebraska, starherald reports former owner Doug Fillingham is set to re-open as Family Built Homes, hiring many of the same employees who lost their jobs last June when Magnolia ceased …

Carlyle Group, UFPI, AMG, Patrick Post Strong Gains Read More

Carlyle Group, UFPI, AMG, Patrick Post Strong Gains

By Matthew Silver / April 13, 2016 April 13, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: 36,000 Verizon workers go on strike. 20 percent of big companies pay no corporate income taxes. Reporter resigns over newspaper’s support of Donald Trump—paper is owned by Trump’s son-in-law. Bernie Sanders wants to end fracking boom. Retail sales fell -0.1 percent in March. Puerto Rico …

Clayton to Open Texas Plant, as it Celebrates 60 Years in Business Read More

Clayton to Open Texas Plant, as it Celebrates 60 Years in Business

By Matthew Silver / April 13, 2016 April 13, 2016 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People

The Athens (TX) City Council adopted a resolution in support of the Athens Economic Development Corp.’s $300,000 incentive package for jobs created by Clayton Homes bringing a manufacturing plant to the city, according to athensreview. The council agreed to a property tax rebate for Clayton over a five-year period, beginning …