MHProNews has learned from sboanj that Eugene Landy and his wife will serve as Grand Marshals for the Fourth Annual Open Space Pace on Saturday, September 19, 2015, an event of the Standardbred Breeders & Owners Association of New Jersey (sboanj). Festivities begin with a parade of horses from Freehold …
Manufactured Home Community Founder Supports Non-profit in New Jersey Read More
The National Association of Realtors (NAR) informs MHProNews that the median existing single-family home price increased in 93% of 176 metropolitan areas during Q2 2015, up from 85 percent of metro areas in the first quarter. Compared to the second quarter of 2014, home prices rose 8.2 percent. According to …
Fleetwood Corporation Ltd. (ASX:FWD) of Australia produces manufactured and modular homes and buildings for residential, educational and commercial applications, and has a recreational vehicle division as well, according to dailyreckoning.au. Although the report at the end of 2014 showed revenue had fallen 18 percent due to a weakness in the …
Fleetwood Poised to take Advantage of Opportunities Down Under Read More
In the news from CNNMoney: Global stock markets plummet over devaluing of Chinese currency. Kraft Heinz gives pink slips to 2,500, over 5% of workforce. Businesses tell Sen. Marco Rubio to change his stance on Cuba. WI Gov. Scott Walker OKs $250 million in taxpayer dollars for sports arena. Meanwhile, …
China Devaluation Leaves Stocks Flat; Deer Valley Falls Following Prior Big Gain Read More
As sltrib informs MHProNews, the influx of some 200,000 migrants into Europe this year has benefited the modular housing division of Paris-based Touax Group in Supikovice, Czech Republic, which is trying to keep up with the demand from Germany to house those fleeing war and poverty in their native lands. …
European Modular Housing Builder Overwhelmed by Demand Read More
The National Association of Home Builders (NAHB) reports its 55+ Housing Market Index (HMI) slipped one point to 57 in the second quarter of 2015, but maintains the fifth consecutive quarter with a reading over 50. Any number over 50 indicates builders think conditions are good rather than poor, according …
Two Texas mortgage lenders who were “engaged in a scheme to charge bogus fees to consumers, which improperly inflated mortgages for borrowers purchasing newly constructed manufactured housing,” agreed to settlements with the Department of Housing and Urban Development’s (HUD) Mortgagee Review Board (MRB), according to themreport. For violations of the …
Lenders Fined, Lose FHA Approval Status for Manufactured Home Lending Fraud Read More
In the news from CNNMoney: Median home price in San Jose, CA is $980,000. Whole Foods stock down over 30 percent this year. Chicago laying off 500 teachers. 8.5 billion people on Earth by 2030. China devalues currency, hurting several U. S. companies. Saudi’s finances stretched by oil price drop, …
Deer Valley Homes Skyrockets +85.71%; Dow Loses most of Yesterday’s Gain Read More
Elkhart, Indiana-based Drew Industries, Inc. (NYSE:DW) reports its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) has acquired Roehm Marine, LLC, aka Signature Seating for $16 million. Headquartered in Fort Wayne, Indiana, Signature manufactures furniture for use in fresh water boats, specifically pontoon boats, as prnewswire informs MHProNews. Drew’s President Scott Mereness …
Drew goes Fishing, Finds Furniture for Fresh Water Float Read More
In the news from CNNMoney: Gasoline prices expected to fall below $2. gallon by fall. Gift cards are the most requested gift in the U. S. for eight years. Wages growing fastest in Columbus, Ohio, San Francisco, Virginia Beach, Va. and Louisville, Ky. Low gas prices could hamper rise in …
Dow Posts Strong Gain, MHCV Slips, LPX Gains 4.60% Read More
The city of Vernon in south central British Columbia, Canada has issued a development permit and subdivision plan approval for a 77 home site manufactured home community, according to what vernonmorningstar tells MHProNews. Noting the need for more local housing, Len Sloan, of the development company, said, “We have no …
Canadian City Planning new Manufactured Home Community Read More
What’s New in public focused Manufactured HomeLivingNews.com Paul Simon, Singing Homeward Bound, Doing Good Work and MH The Hybrid Core – A Different Style Factory Home-Building Process What’s New in Manufactured Housing Industry Professional News HUD Code Production Continues Rising. RV/MH Hall of Fame Inducts Class of 2015. Positive End …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 2-Aug. 9, 2015 Read More
A company focused on energy efficiency, Ibacos, allied with developer Elliot Fabri Jr.’s EcoCraft Homes, a modular home buildern to erect an infill home on Pittsburgh’s north side. Thirty built-in monitors measure the levels of heat, humidity and CO2 levels, according to triblive. The home uses small, high efficiency heating …
Monitors Measure Energy Use in Energy Efficient Modular Home Read More
In the news from CNNMoney: U. S. economy adds 215,000 jobs, unemployment rate holds at 5.3 percent, income rises one percent in last year. Black unemployment rate falls to lowest point in seven years. U. S. has a deficit of skilled workers. Carly Fiorina was declared the winner of the …
William Matchneer, who once served as head of the Manufactured Housing Program at the Department of Housing and Urban Development (HUD), and from 2011 to 2014 with the Consumer Financial Protection Bureau (CFPB), recounts how implementation of the Dodd-Frank Act directives for High-Cost Mortgages under the Home Ownership and Equity …
Former Head of Manufactured Housing at HUD Urges Passage of S. 682 Read More
Manufactured home community (MHC) operator UMH Properties, Inc. (NYSE:UMH), in posting its 2nd quarter financial results for 2015, reported $0.12 earnings per share, missing analysts consensus estimate of $0.16 by $0.04, according to prnewswire. Net operating income from community rose 18 percent to $8.8 million for Q2 2015 as compared …
According to what progress tells MHProNews, there are several macro trends in the U. S. that could drive demand for manufactured home community (MHC) living. The aging population, according to the Census Bureau, consisting of 76 million baby boomers, nearly a quarter of the population, many of whom do not …
Aging Population with Insufficient Retirement Funds Leads to Manufactured Home Community Read More
A proposed zoning change by the North Myrtle Beach Planning Commission to a .61 acre parcel of land in South Carolina to correct an original error in a zoning map has raised concerns by neighbors that a manufactured home may be sited on part of it. Part of the parcel …
Zoning Change Could Usher in Possible Manufactured Homes Read More
In the news from CNNMoney: Dow drops to lowest point since February. Saudi Arabia is having to borrow money. Donald Trump sells Manhattan penthouse for $21 million. Amalgamated Bank is raising its minimum wage to $15. Airbnb valued at over $25 billion, raising $1 billion in new funding. Meanwhile, the …
MHCV Slips, Dow Drops 120 points, Skyline Biggest Gainer of Tracked Stocks Read More
In its report of first quarter 2016 financial results, Cavco Industries, Inc. (NASDAQ:CVCO) says net income per share, based on basic and diluted weighted average shares outstanding, was $0.61 and $0.60 respectively, as compared to $0.65 and $0.64 for the same quarter 2014. According to cnnmoney, net revenue for Q1 …
Cavco Industries Reports Financials for First Fiscal Quarter of 2016 Read More
