The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the new year’s production of HUD Code homes in January got off to a roaring start, as statistics from the Department of Housing and Urban Development (HUD) reveal 5,862 homes were produced. That is an increase of 17.9 percent over …
New Year Begins with Energetic HUD Code Production Read More
American Homes 4 Rent, the “largest publicly traded single-family rental company,” has become larger as the result of its merger with American Residential Properties (ARP), a deal valued at $1.3 billion, and now owns 47,000 homes in 22 states, according to housingwire. Already on a fast track, from 2012 to …
Astounding Growth for Single-family Home Rental Company Read More
MHProNews has learned from nottinghampost in the UK that modular builder Danzer Limited has reported a record year, having achieved a growth of 29 percent in profit “to September. 2015 with turnover up to £5.38m ($7.5 million).” Based in Langley Mill, a city in Nottingham, England, the family-owned modular construction …
Compared to a year ago January, CoreLogic tells MHProNews home prices rose 6.9 percent as reported by nationalmortgagenews. January 2015 home prices rose 1.3 percent over the previous month. Both percentages account for distressed sales, which include short sales and real estate owned transactions. Washington and Colorado had the highest …
In the news from CNNMoney: Court refuses to dismiss Trump University fraud case. Despite job and income growth in the U. S, confidence in the economy wanes. AAA says 75 percent of drivers are afraid of self driving cars, especially after a Google car hits a bus. U. S. in …
In an attempt to spur redevelopment in downtown Beaufort, South Carolina, the city’s Redevelopment Commission is proposing an arts overlay district where artists may sell their work, and small modular or manufactured homes to be sited on lots of existing homes. Located in the Northwest Quadrant of the historic district, …
Off-site Housing Seen as Spur to Redevelopment in South Carolina Read More
Attributing the drop to tight housing inventories, which is limiting choices and increasing prices, the National Association of Realtors (NAR) says its pending home sales index fell 2.5 percent in Jan. to 106.0, the lowest level since Jan. 2014, as yahoofinance tells MHProNews. In percentages by region, only the South …
Drew Industries, Inc. of Elkhart, Indiana has acquired Flair Interiors, Inc., a manufacturer of recreational vehicle (RV) interiors with operations in Goshen and Fort Wayne, IN, through its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) for $8.1 million, according to streetinsider. Sales of Flair for 2015 wee approximately $25 million. Drew’s …
In the news from CNNMoney: J. C. Penney, close to becoming a penny stock in 2013, and on the verge of bankruptcy, reported same store sales growth of 4.1 percent in Q4 2015. Oil prices rise 30 percent in 11 days. Facebook founder Zuckerberg worried about ISIS threat. Nigeria cuts …
MHProNews has learned from rejournals Farmington Hills, Michigan-based RHP Properties acquired 18 new manufactured home communities (MHC) in 2015, and it now owns 226 MHCs in 23 states. With over 56,349 home sites, the company touts itself as the second largest private owner of MHCs in the nation, according to …
MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) has finalized the acquisition of Parkland, Plastics, Inc. of Middlebury-Indiana. Parkland designs, manufactures and distributes polymer-based wall and ceiling panels, coated and rolled floors, protective moulding, adhesives and accessories for the manufactured home and recreational vehicle industries. While the net …
Oregon Democratic legislators are trying to hurry through four bills dealing with affordable housing during the waning days of the short session of the legislature, according to an editorial in registerguard. While opponents of the bills may prevail, everyone agrees there is a definite shortage of affordable housing stock in …
Bills would Begin to Address the Shortage of Affordable Housing Read More
What’s New in public focused Manufactured HomeLivingNews.com Discovering a 9 out of 10 “Mobile Home Park” Lifestyle What’s New in Manufactured Housing Industry Professional News MHC development on Pacific coast may wash out, while Hillcrest MHC in New Hampshire gets nod for expansion. UK modular plant to hire 400-500, modulars …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 21-Feb. 28, 2016 Read More
Warren Buffett, in his annual letter to stockholders, said the economy is doing much better than some politicians running for the White House say in their campaign talk. According to NPR, he said children born today will have a very good life, despite the slow recovery from the Great Recession. …
Monitac Remotely Possible, headquartered in Dubai, UAE, is beginning to provide modular farmworker housing to farms on the U. S. west coast made of shipping containers. Containers are altered into six to eight bunkhouses, or can be used for living or office space. They can be stacked three stories high, …
Dubai-based Company moving on West Coast Workforce Modulars Read More
Okaloosa County, Fla. Sheriff’s Deputies say 58 year-old William Hemphill and his son, Anthony Hemphill, 38, have admitted their guilt in a conspiracy to defraud non-profits, according to wjhg. The Crestview father and son told organizations that the company they represented would provide new modular homes if the non-profit would …
In the news from CNNMoney: Oprah lost $27 million on Weight Watchers. Republic Airways files for bankruptcy. 846,350,968 passengers flew on airplanes in 2014, 12% of the world’s population. Gross domestic product grew 2.4 percent in 2015. Stamp prices to drop two cents in April. Each of Berkshire Hathaway’s stocks …
Affiliated Managers Group Gains over Five Percent; Dow Slips Read More
The yorkshireeveningpost in the UK informs MHProNews that a leading financial services company, Legal and General Homes, is opening a new modular home construction facility in Sherbun-In-Emet that will employ 400 to 500 workers. The company has inked a long-term lease for a 550,000 sq. ft. warehouse, which it says …
The above-named’s Equity LifeStyle Properties, Inc. (NYSE:ELS) reached a new day high of $71.81 in yesterday’s trading, after hitting an intraday low of $69.87, according to fidaily. The 685,512 shares that traded hands resulted in the stock resting at day’s end at $71.54. The 50-day moving average of $66.41 is …
The manufactured home community (MHC) in Hewitt, Texas was established in 1970, and about ten years later ordinances were approved to govern the community, but now need to be updated. Specifically, the city’s community development director, Terry Lankford, wants to make them more accommodating to residents. Dealing with lot sizes …
Older MHC Requires New Ordinance to Accommodate Larger Homes Read More
