In the news from CNNMoney: China’s factories are struggling. Millennials love their phones but they spend more on pizza than anything else—except in NYC where taxis are the biggest expense. Russia threatens Ukraine over debt payment. Egypt cannot rely on cash-strapped Saudi Arabia. Following a blistering article in August about …
Shares of manufactured housing component supplier Patrick Industries, Inc. (PATK) fell 11.17 percent during the last week, but the last four weeks has seen positive gains of 2.11 percent. In any case, Zacks’ analysts consensus gives it a 1 rating, which is a strong buy. Oppositionally, a 5 rating would …
Patrick Industries and Sun Communities hit 52-week Highs last week Read More
A report by the National Fire Prevention Association’s (NFPA) John R. Hall, Jr., entitled Manufactured Home Fires documents that manufactured homes (MH), built after 1976 when MH production fell under the dictates of the Department of Housing and Urban Development (HUD), are more fire-resistant than comparable site-built homes. The study …
MHProNews has been informed that Capital One’s Damon Reed, Senior Vice President and Director of MHC Finance for the Multifamily Division, has arranged a $5.8 million Fannie Mae fixed-rate loan for the acquisition of Orosi Estates in Orosi, California, 200 miles north of Los Angeles. The 128 manufactured home community …
Capital One Arranges Financing for Manufactured Home Community Read More
What’s New in public focused Manufactured HomeLivingNews.com Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home Robert Gann, Chet Murphree, Deer Valley Homebuilders, Guin AL – Inside MH Video Tours What’s New in Manufactured Housing Industry Professional News Quarter financials spike Cavco’s stock. MHARR, MHI respond …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015 Read More
Manufactured home communities (MHC) play an important role in meeting the need for affordable housing across the U. S., reports usda.gov. If they become a cooperative, the residents have a major responsibility to govern and manage their ownership rights, reports John McNamara, a Cooperative Development Specialist with the Northwest Cooperative …
Co-op Residents get Assist from Software to Operate Communities Read More
The Pending Home Sales Index (PHI) indicates September’s numbers fell 2.3 percent from the downwardly revised August 109.3 level, marking the second consecutive month it has fallen, according to jewocity. Analysts had expected a modest increase of 0.6 percent. However, the index was up three percent over September of 2014. …
In response to a request from House Financial Services Committee Chairman Jeb Hensarling for ideas to address housing affordability and poverty, the Manufactured Housing Institute (MHI) offered constructive suggestions on improving regulations and programs that affect the manufactured home industry. In addition to shepherding H. R. 650, the Preserving Access …
In the news from CNNMoney: CVS general merchandise sales burned from exclusion of tobacco products. In big oil: Chevron cutting 11% of workforce; Exxon profits fall 47%; ConocoPhillips loses $466 million. China wants to double its economy in five years. A record 1,426 Americans renounced citizenship in Q3 2015. October …
MHProNews has learned from dakotafinancialnews that Charles Scott Green sold 1,500 shares of Universal Forest Products, Inc. (NASDAQ:UFPI) stock at an average price of $74.47 for a net of $111,705.00. The UFPI vice president now owns 19,226 shares of stock in the company valued at $1,431,760.22. The sale was disclosed …
Insider Trading at Universal Forest Products, Inc. Read More
Following a story MHProNews last posted Aug. 21, 2015 regarding Irish modular homes being sold to Cross River State in southeastern Nigeria by Affordable Building Concepts International, ABCI is now being considered for building 10,000 modular units in nearby Anambra state, Nigeria, as social housing, according to irishtimes. Chief Willie …
Second Nigerian State Pursuing Irish Modular Homes Read More
Financials for the second quarter of 2016 for Cavco Industries, Inc. (NASDAQ:CVCO) ending Sept. 26, 2015 indicate net revenue hit $192 million, an increase of 37.8 percent over the $139.3 million for the same period of 2015, as globenewswire reports. Cavco attributes the increase to the operations of two manufactured …
An 81-bedroom modular hotel has just been completed in Hershey, Pennsylvania by Signature Building Systems of Moosic, PA, according to constructionglobal. The La Quinta Inn and Suites Harrisburg-Hershey hotel has all the amenities of the modern hospitality industry: heated indoor swimming pool, hot tub, state-of-the-art fitness center, dining area and …
As MHProNews knows, Newsmax’s top – #1 – rated retirement community in their list of 50 is The Villages. The Villages is a mix of HUD Code Manufactured Housing and other construction that includes site building that in some cases mimics the look of a manufactured home. With 56,260 homes, …
Manufactured Home Community Named Top Retirement Locale in Florida Read More
In the news from CNNMoney: Foreign direct investment into the U. S. hit record $200 billion in first half of 2015. The U.S. economy only grew 1.5% between July and September, down from the 3.9 percent in Q2. GNC shares fall 28% after missing the mark on Q3 profits. Deutsche …
Patrick Industries Drops Sharply; Skyline Corp. Gains the Most, Again Read More
Prior to the opening of the NY Housing Association’s 65th annual meeting, manufactured housing industry circles took a bit of umbrage at the remarks of George Moorehouse, a NY Code Enforcement Official who allegedly said “In ten years there will be no more new manufactured housing placed in the state …
MH Industry Perturbed by NY State Administrative Agency Position Read More
MHProNews has learned from marketwatch that factory-built homes producer Cavco Industries, Inc. (NYSE:CVCO) will release its Q2 Fiscal Year 2016 financial results at the close of the market today, Thurs., Oct 29. A live webcast will be hosted by senior management the following day, Fri., Oct. 30 at 1 PM …
With unanimous approval from the Avon Park City Council on first reading, one hundred thirty-four acres of groves in Avon Park, Florida may soon become the largest manufactured home subdivision in the city, and one of the largest in Highlands County, as highlandstoday tells MHProNews. Avon Park City Manager Julian …
Large Florida Manufactured Home Community on the Drawing Board Read More
Harking back to a story MHProNews has been following, and on which we last posted a story Oct. 23, 2015 regarding proposed modular homes for the homeless in Dublin, Ireland, five sites have now been identified for the first 150 homes of the 500 total planned. All five locations are …
Real estate investment trust (REIT) and owner of manufactured home communities (MHC) Sun Communities, Inc. (NYSE:SUI) reported $0.95 earnings per share (EPS) for Q3, 2015, short of analysts’ consensus estimates of $1.04 by $0.09, according to dakotafinancialnews. The company has a 12-month low of $53.44 and a 12-month high of …
