Business Archives

Dec 13 2015December 14, 2015

Sunday Morning Recap-Manufactured Housing Industry News Dec. 6-Dec. 13, 2015

By Matthew Silver / December 13, 2015 December 14, 2015 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Why Families, Singles and Couples are Attracted to Good Manufactured Home Communities Police Chief’s Wife is on Town Council and Loves Manufactured Home Living What’s New in Manufactured Housing Industry Professional News Homeless Housing in Dublin in Dispute. FEMA CA Wildfire Housing to …

Sunday Morning Recap-Manufactured Housing Industry News Dec. 6-Dec. 13, 2015 Read More

Dec 12 2015December 11, 2015

Patrick Announces New President, CFO

By Matthew Silver / December 12, 2015 December 11, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People, RV

Manufacturer and distributor of component products for the manufactured housing and recreational vehicle industries, Patrick Industries, Inc. (Nasdaq:PATK) has announced that Andy Nemeth will be the firm’s new president as of Jan 1, 2015, moving up from Executive Vice President of Finance and CFO. According to insideindianabusiness, Joshua Boone, who …

Patrick Announces New President, CFO Read More

Dec 11 2015

Temporary Spending Measure Passes to Keep Government Open

By Matthew Silver / December 11, 2015 December 11, 2015 / Advocacy, Business, Finance, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from foxnews the Senate has passed a short-term spending bill that will keep the government open until Wednesday, Dec. 16, so negotiators can have more time to hammer out a longer term measure. While lawmakers are trying to come together on a $1.1 trillion budget deal to …

Temporary Spending Measure Passes to Keep Government Open Read More

Dec 11 2015

Dow Spirals Downward as Oil Falls, Pulling many Stocks Down

By Matthew Silver / December 11, 2015 December 11, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Oil drops below $36/bbl, causing the Dow to fall. Holiday shopping gains momentum in November. Whole Foods’ stock has fallen 30 percent this year, fueling speculation it may be on the block. Dow Chemical merging with Dupont, a $130 billion deal to create the world’s …

Dow Spirals Downward as Oil Falls, Pulling many Stocks Down Read More

Dec 11 2015

Skyline CEO Florea buys Company Stock

By Matthew Silver / December 11, 2015 December 11, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, Stocks

MHProNews has been informed by analystratings that CEO of Skyline Corp (NTSE:SKY) Richard Florea bought shares of Sky for $3,120, which increases his holdings by 5.71 percent. Florea bought the stock, according to Skyline’s website, at $3.12 per share for the 1,000 shares, and now owns 18,500 shares. MHProNews last …

Skyline CEO Florea buys Company Stock Read More

Dec 11 2015

Clayton Manufacturing Closes on New Plant

By Matthew Silver / December 11, 2015 December 11, 2015 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Informed sources tell MHProNews that Clayton Homes (CMH) has closed on a manufacturing facility in Athens, TX. According to the source, the production is scheduled to begin in the fall of 2016. Athens Venture Capital, LLC was the seller to CMH. The move signals the continued recovery of manufactured housing, …

Clayton Manufacturing Closes on New Plant Read More

Dec 11 2015December 10, 2015

Kovach asks Community to Contact Congress in Support of S 682

By Matthew Silver / December 11, 2015 December 10, 2015 / Business, Communities, Company News, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

In a letter from “Voice of the People” in theledger, MHProNews and MHLivingNews Publisher L. A. “Tony” Kovach appeals to his Florida neighbors to contact their congresspersons, and encourage them to attach a rider to a must-pass appropriations bill that will expand financing options for MH buyers/sellers. But he can …

Kovach asks Community to Contact Congress in Support of S 682 Read More

Dec 11 2015

One-time Fee would Raise the Cost of a Manufactured Home

By Matthew Silver / December 11, 2015 December 11, 2015 / Business, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has been told by heraldtribune of word coming from Bradenton, Florida that the cost to build a home in Manatee County is likely to rise by thousands of dollars following approval by the Manatee County Planning Commission to resume impact fees on new construction to benefit schools. These impact …

One-time Fee would Raise the Cost of a Manufactured Home Read More

Dec 10 2015

Modular Home Offers Life on the Water

By Matthew Silver / December 10, 2015 December 10, 2015 / Business, Factory-Built Homes, Manufactured and Modular Housing News, Modular

In response to the tiny home movement, where the location is nearly as important as the home itself, according to what freshome tells MHProNews, Portuguese engineering firm Friday has developed a floating modular home, Floatwing. Constructed of eco-friendly materials, there are four structural configurations, and while the width is fixed …

Modular Home Offers Life on the Water Read More

Dec 10 2015

MH-related Stocks Relatively Quiet in Today’s Trading

By Matthew Silver / December 10, 2015 December 10, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Oil drops -2.66 percent, lands below $37/bbl. Chipotle’s reputation is getting slammed. Cuba is ripe for investment. Prices for distilled spirits cost 39 percent more at bars than at home since 2003. The Dow closes up after three straight sessions of losing. US tries to …

Dec 10 2015

Michigan, Arbor Americana MHC Settle Lawsuit

By Matthew Silver / December 10, 2015 December 10, 2015 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from washingtontimes that the owners of the Arbor Americana Manufactured Housing Community of Flat Rock, Michigan have settled a lawsuit over sewage overflows brought by the Michigan Department of Environmental Quality. The state alleges the MHC owners, in neglecting to repair the wastewater system, exposed residents of …

Michigan, Arbor Americana MHC Settle Lawsuit Read More

Dec 10 2015December 11, 2015

Manufacturing Housing Pros rallying Troops for More Financing Options in 2016

By Matthew Silver / December 10, 2015 December 11, 2015 / Advocacy, Business, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

While H. R. 650, the Preserving Access to Manufactured Housing Act passed the House in April with bi-partisan support, the Senate companion bill S 682, cannot pass the Senate as a standalone measure because it would be vetoed. If, however, it is attached as a rider to the must-pass appropriations …

Manufacturing Housing Pros rallying Troops for More Financing Options in 2016 Read More

Dec 9 2015

Modular Container Homes in Costa Rica will be Off the Grid

By Matthew Silver / December 9, 2015 December 9, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Edsart Bedsier, a native of Holland but now a 22-year resident of Costa Rica, has built houses around trees, and his Crystal House is made from recycled glass bottles, according to ticotimes. His next project, as MHProNews has learned from Jim Maher, is to convert unused shipping containers, many of …

Modular Container Homes in Costa Rica will be Off the Grid Read More

Dec 9 2015

Most MH-related Stocks Slip, as do Dow, Nasdaq and S&P 500

By Matthew Silver / December 9, 2015 December 9, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Nearly half of all renters in the U. S. struggle to pay their monthly rent. The middle class in America now comprises under half of the population, down from 61 percent in 1971. Handguns account for three-fourths of gun sales. Walmart’s Chinese imports have cost …

Dec 9 2015

Modular Homes Built to Mimic Hobbit Holes

By Matthew Silver / December 9, 2015 December 9, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

MHProNews has learned from wtop1h, although no movies based upon “The Hobbit” or “Lord of the Rings” trilogy are in the works for the holiday season, Florida’s Green Magic Homes has developed “hobbit holes,” designed to be part of the landscape like the homes from the mythical Shire in “Lord …

Modular Homes Built to Mimic Hobbit Holes Read More

Dec 9 2015December 9, 2015

MHC Management Sets Payment Plan for Miscalculated Charges

By Matthew Silver / December 9, 2015 December 9, 2015 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Kingsley management, which had undercharged hundreds of residents for rent and water at three manufactured home communities (MHC) in three Colorado cities, initially offered payment options, but then threatened eviction, according to thedenverchannel. The company’s lawyer had told the residents in the Front Range MHC not to pay the back …

MHC Management Sets Payment Plan for Miscalculated Charges Read More

Dec 8 2015

Jeffrey L. Gendell Continues Unloading Patrick Stock

By Matthew Silver / December 8, 2015 December 8, 2015 / Business, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

Following the continuing story of Jeffrey L. Et Al Gendell’s dumping of Patrick Industries’ stock since Nov. 2014, dakotafinancialnews reports he sold another 57,399 shares of Patrick on Fri., Dec. 4 at an average price of $42.49 for a net transaction of $2,438,883.51, as disclosed in a legal filing with …

Jeffrey L. Gendell Continues Unloading Patrick Stock Read More

Dec 8 2015

Sun Stock Rises Alone as Third Avenue Value Fund, UFPI Drop Sharply

By Matthew Silver / December 8, 2015 December 8, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Morgan Stanley slashes 1,200 jobs around the globe. Smith & Wesson gun sales up 32 percent this year. Following weak trade data from China, Dow falls nearly one percent. Oil drops below $37/bbl. Global mining giant Anglo American to cut 65,000 jobs in next few …

Sun Stock Rises Alone as Third Avenue Value Fund, UFPI Drop Sharply Read More

Dec 8 2015

Passages: Mary “Irene” Younkin

By Matthew Silver / December 8, 2015 December 8, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People, RV

Long-time manufactured home retailer and community owner Mary “Irene” Younkin, 95, passed away in Columbus, Ohio, Dec. 5, 2015. She was chairwoman of Greenlawn Realty, and co-founder of Greenlawn Mobile Home Sales as well as Greenlawn RV Center, and several land lease communities. Inducted into the RV/MH Hall of Fame …

Passages: Mary “Irene” Younkin Read More

Dec 8 2015December 8, 2015

Sun Lights Up with Distributions

By Matthew Silver / December 8, 2015 December 8, 2015 / Business, Communities, Finance, Manufactured and Modular Housing News, Manufactured Homes

From Southfield, Michigan, the board of directors for real estate investment trust (REI)T Sun Communities, Inc. (NYSE:SUI) announces quarterly dividends on three different stocks, according to euroinvestor: $0.65 per share of common stock payable Jan. 15, 2016 to shareholders of record Dec. 31, 2015; $0.4453125per share on the Company’s 7.125% …

Sun Lights Up with Distributions Read More

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