The International Monetary Fund predicts the U. S. Economy will grow three percent this year, the best year since 2005, as Cuba is removed form the U. S terror list and oil rises above $53 per barrel. On the Big Board: The Dow Jones Industrial Average advanced +0.33 percent, +59.66 …
Manufactured Housing Stocks Close Mixed; MHCV Slips Read More
As a promotional event throughout the month of April, 2015, Clayton Homes is offering to buy out the remaining portion of a renter’s lease as an incentive to purchase a home from Clayton. As buildingonline tells MHProNews, Clayton will pay the landlord directly for the cost of ending the lease …
Manufactured Home Producer Clayton Homes Offers Lease Breaker Promotion Read More
From Emmett, Idaho businesswire informs MHProNews of the Q2 fiscal year results for T.J.T. Inc., a provider of axles, tires and set-up materials to the manufactured housing industry. Net sales rose 14 percent from $1,266,699.00 in the same quarter last year to $1,440,024 this quarter. Sales resulted in a net …
Manufactured Housing Industry Supplier, T.J.T., Reports Quarterly Results Read More
While many in the financial markets expect the Federal Reserve will not raise interest rates until September, the larger concern is the pace of how the rates will rise following the first adjustment. Monthly? Quarterly? 2016? In any case, on the Big Board the first day of the new weeks’ …
Deer Valley Plummets -52.31 Percent; MHCV Edges Down -0.24 Percent Read More
Writing in Manufactured Home Living News, MHProNews publisher L. A. “Tony” Kovach says those opposed to the passage of the Preserving Access to Manufactured Housing Act, H. R. 650, which is scheduled to reach the House Floor for a vote this Tuesday, are fueling the mainstream media with misinformation about …
H. R. 650 will Lead to More Jobs, More Quality, Affordable Housing Read More
A planned $1.85 billion Northern Plains Nitrogen (NPN) plant for Grand Forks, North Dakota will draw 2,000 temporary workers to construct the facility over a 36 month period. With stories of increased crime rates coming from the other end of the state 330 miles away where thousands of oil patch …
Modular Work Camp may be Needed for Nitrogen Plant Construction Read More
In this week’s news, although we did not cover it, we are reminded of the power of nature as a tornado devastated a small town in Illinois. Otherwise, H. R. 650 may hit the House Floor this week. Can Tiny Homes site in MHCs? Modular housing being weighed in Boston, …
Sunday Morning Recap–April 5, 2015 to April 11, 2015 Read More
As follow-up to a post MHProNews reported Sept. 24, 2014 regarding the stand-off between Forest City Ratner and Skanska over the 32-story Brooklyn modular housing complex—now called Pacific Park Brooklyn– partially completed, theguardian states construction will resume. Forest City had accused Skanska of cost overruns, while Skanska leveled charges of …
Brooklyn’s B2 Modular Tower to Resume Minus Modular Read More
The Mobile Home Review Board in Vista, California was created by the city to hear disputes between manufactured home community residents and community owners, and to encourage fair treatment, as thecoastnews informs MHProNews. Three residents of the Green Valley Mobile Home Park had a hearing with the board April 2, …
Review Board agrees with Manufactured Home Community Owner Read More
On the Big Board, corporate America is celebrating that Cuba will be removed from the terrorist list, as investors pushed the Dow Jones Industrial Average over the 18k mark, gaining +98.22 points, +0.55 percent, to end the week at 18,057.65. The NASDAQ moved up +21.41points, +0.43 percent, to close at …
MHCV Slips as Investors Drive the Dow, NASDAQ and S&P into Positive Territory Read More
Noting that HUD Code manufactured homes can withstand winds up to 120 MPH, and that it’s the add-ons, typically a carport or porch, that may present a danger during windstorms, Victor Frost of Fairfield Homes and Land gives this analogy: “It is like opening a pop top can where you …
MH Retailer Fairfield Homes and Land High Standards attract local media attention Read More
On the Big Board, investors saw signs of a Spring economic uptick as the Dow Jones Industrial Average advanced +56.22 points, +0.31 percent, to end the day at 17,958.73. The NASDAQ moved up +23.75 points, +0.48 percent, to close at 4,974.57, while the S&P 500 gained +9.28 points, +0.45 percent, …
MHCV Slips as Investors Push the Dow, NASDAQ and S&P Slightly Up Read More
As growing populations and housing shortages continue to confound especially urban planners, one solution lies in modular fabrication, as theguardian informs MHProNews. While proponents say this method is the way forward because it is energy efficient, allows for more quality control and savings in time and energy, and produces less …
Modular Building: Front End Savings, but Long Term Sustainability? Read More
According to what bismarcktribune tells MHProNews, credit unions in North Dakota are lending at a higher rate than other financial institutions. However, in western North Dakota where affordable housing is crucial due to the rapid influx of workers in the oil fields, loans for manufactured homes (MH) are increasingly more …
Manufactured Home Loans Tough to Find in North Dakota Read More
In financial news, minutes from the Federal Reserve’s March meeting indicates more caution in raising interest rates because of fears of a possible slowdown in the economy. Rates may not be set free until the Fall. Meanwhile, former NYC Mayor Michael Bloomberg has pledged $30 million more to reduce the …
MHCV Notches Gain; Fed may Extend Brakes on Interest Rates Read More
Berkshire Hathaway, parent company of manufactured homes giant Clayton Homes, is purchasing a $560 million stake in Axalta Coating Systems, a subsidiary of private equity giant The Carlyle Group, which also has an interest in manufactured homes. According to Forbes, Axalta, which provides coatings for automobiles, SUVs and commercial vehicles, …
Two Financial Titans Have Fingers in the Pie of Manufactured Housing Read More
MHProNews has learned from PRNewswire that M. Scott Welch has been appointed to the Board of Directors of Patrick Industries, Inc. (NASDAQ:PATK), an Elkhart, Indiana-based major component supplier to the manufactured housing and recreational vehicle industries. Welch is the President and CEO of Welch Packaging Group, one of the largest …
As housingwire informs MHProNews, the latest report from CoreLogic says home prices nationwide rose 5.6 percent in Feb. 2015 over Feb. 2014, but increased only 1.1 percent from Jan. 2015 to Feb. 2015, indicating home price growth may only be temporary. Analysts are concerned that stagnant wage growth may hold …
Home Prices have Risen Monthly for over Three Years Read More
Following up on an article MHProNews published April 3, 2015 regarding the continuing rise in new HUD Code manufactured home shipments, we have learned from the Manufactured Housing Institute (MHI) shipments of single-section homes rose 13.6 percent and multi-section increased 6.1 percent Feb. 2015 over Feb. 2014. Total floors shipped …
Single and MultiSection Manufactured Home Production up in February Read More
Oil prices buoyed the market’s rise in yesterday’s trading but slipped -1.5 percent today. The Dow Jones Industrial Average nudged down -0.03 percent in today’s trading, -5.43 points to close at 17,875.42. Meanwhile, the Nasdaq slipped –0.14 percent, -7.09 points to close at 4,910.23, while the S&P 500 similarly fell, …
