Following a story MHProNews last published April 10, 2015 regarding the continuing hit-and-miss saga of Forest City Ratner’s 34-story modular tower at the Barclay Center in Brooklyn, B2, curbed.ny reports a Freedom of Information Law (FOIL) request reveals there was considerable water damage in April and July, 2014. However, problems …
Documents Reveal Major Problems at Large NYC Modular Project Read More
India’s Architect Shekar Ganti won an architectural competition for skyscraper designs for Mumbai, the largest city in India with a population of 18.4 million, a port city with a plethora of shipping containers. Ganti uses a supporting structure to stack eight unit-high levels of modular shipping containers, like boxes stacked …
A Modular Container High Rise in Densely Packed India Read More
In the news from CNNMoney: The government said 173,000 jobs were added to the employment rolls in August, fewer than the 200,000 economists expected. U. S. unemployment rate is the lowest in seven years at 5.1 percent. Emeryville, California has the highest minimum wage in the country at $14.44. Meanwhile, …
173,000 jobs added in August; Dow Ends the Week Down Read More
Following a story MHProNews posted Aug. 27, 2015 regarding a judge’s ruling that the city of Pearl, Mississippi was illegally trying to eradicate manufactured home communities (MHCs) through attrition, three owners of Pearl MHCs have filed a Federal lawsuit charging the city with “purposeful discrimination” against low-and-middle-income housing, according to …
Federal Housing Discrimination Suit Filed against Pearl, Mississippi Read More
With the only verification of complaints by consumers against companies that there was a transaction of some sort, the mortgage finance industry remains perplexed by the Consumer Financial Protection Bureau’s publishing of unverified and anonymous charges against specific companies in their complaint narrative database. Since many of the complaints contain …
According to the CoreLogic Home Price Index, home prices increased 6.9 percent in July over a year ago, and rose 1.7 percent over June, including distressed sales. Home prices rose 6.7 percent year-over-year if distressed sales are excluded, and were up 1.5 percent month-over-month, as reported by nationalmortgagenews to MHProNews. …
In the news from CNNMoney: Tomorrow’s jobs report could tip the scale as to whether the Fed raises interest rates. Economists expect 200,000 jobs were added, and that the unemployment rate has fallen to 5.2 percent. The International Monetary Fund says it’s too early to raise interest rates. Falling demand …
Most MH Related Stocks Nudge Up; Analysts Await Tomorrow’s Jobs Report Read More
Capital One informs MHProNews that it arranged a $4.9 million fixed-rate Fannie Mae loan for the acquisition of a manufactured home community (MHC) in Canyonville, Oregon, 185 miles south of Portland. Completed in 2009, Knoll Terrace is a 134-homesite age-restricted community in a forested area, and the homes have two-car …
Fannie Mae Loan Arranged for sale of Manufactured Home Community in Oregon Read More
In a research report issued on Tuesday, C. L. King upgraded Patrick Industries (NASDAQ:PATK) from a “buy” rating to a “strong buy” rating, according to dakotafinancialnews. A manufacturer of component products and distributor of building products and materials to the manufactured housing (MH) and recreational vehicle (RV) industries, company stock …
Patrick Industries’ Stock Rises following Acquisition Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that both houses of the legislature voted to allow modular buildings and housing to be built four stories high, or 60 feet. Several of TMHA’s members expressed an interest in building modular hotels, multi-family and assisted living facilities in order to compete …
Modular Building Raising the Roof One Floor; MH Related Bills that were Checked Read More
In the news from CNNMoney: Volatile markets rock China’s stocks. Smart stethoscope will transmit heartbeat digitally via Bluetooth to specialist. As oil prices dip, ConocoPhillips lays off 10% of workforce, stock plunges 40% in one year. Two dollar gas is near. New Star Wars toys on sale Friday Meanwhile, the …
A poll commissioned by the U. S. Consumer Coalition and conducted by Zogby Analytics revealed 55 percent of consumers compare the Consumer Financial Protection Bureau’s (CFPB) financial data collection methods to the National Security Agency’s domestic surveillance programs, saying they are both intrusive, according to news.heartland. Stating the CFPB infringes …
Poll calls Consumer Financial Protection Bureau Intrusive, Existence Challenged in Court Read More
According to ncconsumer, a bill in the North Carolina House Judiciary IV Committee would no longer require manufactured home dealers to return all payments made on a purchase if the dealer changes the terms of a signed contract. As MHProNews understands, the dealer would only be liable for the initial …
Bill in North Carolina Legislature would Alter Manufactured Home Sale Terms Read More
A pioneer and innovator in the manufactured home industry in Georgia for over 35 years, William “Bill” Edwards passed away in Moultrie, Georgia Aug. 31, 2015. He co-founded Destiny Industries, Inc. in 1978 as a HUD Code manufacturer, building a distribution network across the southeastern U. S. with sales growing …
As elkharttruth reports, Patrick Industries of Elkhart, Indiana has acquired North American Forest Products, Inc. and its wholly-owned subsidiary, North American Moulding LLC of Edwardsburg, Michigan for $85 million. North American manufactures and distributes wood and wood products primarily used in the production of manufactured homes (MH) and recreational vehicles …
In the news from CNNMoney: Oil prices fall 7%. Fears of China’s slowdown reflected in the three major indices downturn. Iran’s oil production will blossom if sanctions are lifted. Canada slips into recession in wake of oil decline. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -1.16 percent to …
Writing in MHHomeLivingNews, award-winning writer Jan Hollingsworth recounts the story of the older gentleman, likely a farmer, in bib overalls who visited a manufactured home dealership in Kentucky. After two hours of perusing the possibilities of different homes, he chose one. But when he asked the salesman for help in …
The upcoming byelection in Canning, in Western Australia, will see a candidate for the Greens party who is a strong supporter of factory-built home construction, according to communitynews.au. Vanessa Rauland, a Curtin University lecturer, renewable energy advocate and small business owner has a background in low carbon urban development, and …
Candidate in Aussie Election Supports Manufactured Housing Read More
August 2015 is now in the history books, and there were some records in readership on the manufactured housing industry’s flagship trade journal e-publication, MHProNews. Webalizer reports that there were 5 days in August that “hit-counts” on this site topped 100,000 in a day. On August 21st, that Webalizer report …
Serious September – Controversial, Challenging, Compelling New MH Issue Looms Read More
The Insurance Institute for Business and Home Safety (IBHS) has officially recognized Palm Harbor Homes for its production of the first ever disaster resistant modular home designed to significantly reduce property damage during a severe storm. Produced in Palm Harbor’s facility in Plant City, Florida, realestaerama tells MHProNews this is …
Palm Harbor Constructing tougher Modular Home to Withstand Hurricanes Read More
