Two tri-state off-site home builders in Iowa are seeing improvements in their respective housing markets, according to thonline. Doug Stimpson, vice president and general manager of All American Homes in Dyersville, in northeastern Iowa told MHProNews that business has increased 30 percent in the last four years, and already this …
Northeastern Iowa Growing the Off-site Homebuilding Market Read More
MHProNews has learned from insideindianabusiness that Patrick Industries, Inc. (NASDAQ:PATK) is spending over $1 million in new information, technology and facility improvements at two leased buildings in Mishawaka, Indiana comprising 140,000 square feet of space, with plans to create 84 jobs. Patrick has a five-year lease for the two buildings, …
While Millennials are of the age group of historical homebuyers, builderonline reports as of 2014, 8.8 million of young adults ages 25-34, over 20 percent in that age group, continue to live with family, according to National Association of Home Builders (NAHB) research. Analyst Natalia Siniavskaia points to the lack …
Currently in Corpus Christi, TX, the city owns a number of vacant lots it wants to site with homes, according to what caller tells MHProNews, and intends to infill with affordable housing. Streets Committee Chairman Andy Taubman is in favor of using manufactured homes as infill, and to this end, …
City may Infill Vacant Property with Manufactured Homes Read More
U. S. stock markets are closed today in honor of President’s Day. Markets will reopen, Tuesday, Feb. 16 at 9 AM. (Photo credit: wikipediacommons–New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
Following a story regarding the proposed rule by HUD that would draw a better distinction better manufactured housing and Park Model RVs, as MHProNews posted Feb. 13, 2016, two national RV associations issued a joint statement which reads, “This proposed rule provides a critical solution to the regulatory uncertainty that …
According to financialspots, President Obama has appointed Carlyle Group partner Jerome Powell to serve on the Federal Reserve Board of Governors. Powell was undersecretary for finance under the George H. W. Bush presidency. One of the largest defense contractors in the world, Carlyle includes among its ranks some of the …
What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U. …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More
Following a story MHProNews posted Feb. 8, 2016 regarding the exemption of recreational vehicles (RVs) from the Department of Housing and Urban Development’s (HUD) definition of manufactured housing (MH), proposed new rules would not exempt RVs that are used as a primary residence or for permanent occupancy. According to realestaterama, …
Operating four factories with a team accustomed to the complex task of building, transporting and setting modular units, modular construction company Whitley Manufacturing has acquired modular builder Capsys and its proprietary building system, according to multihousingnews. While Whitley intends to manufacture Capsys at its Leola, Pennsylvania facility, it wants to …
Capsys Swept up by Modular Builder Whitley Manufacturing Read More
As dailydemocrat tells MHProNews, a 2006 study by the University of New Hampshire compares resident-owned manufactured home communities (MHC) to those owned by investors. The research revealed those who live in a community owned by the residents, called cooperatives, have lower site rents, higher average home sales prices as well …
Study Reveals Resident-Owned Communities pay less for Sites Read More
In the news from CNNMoney: Dow is now down 1,451 points on the year. Bookstores record first rise in sales since 2007. Oil spikes 12 percent in largest gain since 2009. Trump claims he will bring jobs back from China and Mexico. JPMorgan Chase CEO Jamie Dimon plunked down $26.6 …
Dow Spikes, Carlyle Advances over 10 Percent, MHCV Gains more than Five Percent Read More
MHProNews has learned from financial-market-news that Skyline Corp. (NYSE:SKY) Director John C. Firth purchased 5,000 shares of company stock Feb. 5, according to a disclosure filed with the Securities and Exchange Commission (SEC). Acquired at an average cost of $4.16 per share for a total transaction of $20,800, the director …
The following letter to the editor of TCPalm is expressed tongue-in-cheek to make the writer’s point that manufactured homes are neither mobile nor vehicles. Quoting in its entirety: Jerry Nashel, Vero Beach Letter: Manufactured homes have to be registered as ‘vehicles’ Once upon a time, manufactured homes were mistakenly called …
The producer of component parts for the manufactured housing and recreational vehicle industries, Drew Industries, Inc. (NYSE:DW) reported record sales for Q4 2015 of $334 million, up 16 percent from the same period of 2014. Although sales fell slightly short of the consensus estimate of $336 million, net income rose …
As MHProNews posted Aug. 12, 2015, a manufacturing facility in the Czech Republic is supplying Germany with modular housing to provide quarters for the thousands of refugees fleeing war and poverty in their native lands of Syria, Iraq and Afghanistan. Germany is building seven modular centers to house 20,000 people. …
A 185-foot-long modular housing unit that once housed workers in North Dakota’s Oil Patch is being re-purposed to house inmates for a minimum-security correctional facility south of Bismarck, North Dakota, as billingsgazette informs MHProNews. The 36-bed unit, on lease from Target Logistics for $35 per bed per day, will help …
Modular Housing: From Oil Patch to Patching a Correctional Facility Read More
In the news from CNNMoney: Oil drops below $27 again, worrying investors. Dow dropped 412 points, regained 150 of it. U. S. oil bankruptcies spike 379 percent. Gold prices boosted by market turbulence. Fed Chair Janet Yellen says negative rates possible in U. S. Stocks fall to lowest level in …
Patrick Advances Again, +6.08%, as Falling Oil Prices Fells Dow Read More
Testifying before the Ohio House of Representatives’ Financial Institutions, Housing and Urban Development Committee in support of HB 273 regarding abandoned MH, OMHA Executive Director Tim Williams stated that current removal of abandoned MH (valued under $3,000) laws are effective in some counties where an affidavit of value is signed …
Ohio’s Association Director Williams Testifies before House Committee Read More
Following a story MHProNews last posted Dec. 14, 2015 regarding a proposed ordinance in Mohave County, Arizona that would restrict siting of manufactured homes to be no more than seven years old, the planning and zoning commission (P&Z) amended the ordinance to accept MH built after 1976, according to mojavedailynews. …
Ordinance Changed, County now Welcomes HUD Code since 1976 Read More
