News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
At the meeting of the Madison County Board in Edwardsville, Illinois, new rules for siting manufactured homes in unincorporated areas were adopted, according to what the altondailynews tells MHProNews. In addition to a $300 fee each time the property changes residents, the new rules include: A manufactured home in any …
County Sets Hoops for Manufactured Home Owners to Jump through Read More
In the news from CNNMoney: Venezuelans gasoline price rises 6,000 percent, but is still the cheapest in the world. Earnings declined 4% at the largest 500 publicly-traded companies in America in the last quarter of 2015. Unemployment claims fell seven percent to 262,000 last week. James Bond’s Aston Martin sells …
Manufacturer and distributor of building and component products for the manufactured housing (MH) and recreational vehicle (RV) industries, Patrick Industries, Inc. (NASDAQ:PATK) reported net sales for the fourth quarter of 2015 rose 31 percent, $59.1 million, to $248.7 million compared to $189.6 million for Q4 2014. The increase was attributable …
Patrick Industries Notches Strong Q4 and Year-end Financials Read More
The Humboldt Mobilehome Owners Coalition is seeking a ballot initiative to put rent control in manufactured home communities (MHC) to the voters in Humboldt County, in far Northern California, according to times-standard. The group has to obtain 3,000 signatures to be on the Nov. ballot. The Mobile Home Park Space …
Manufactured Home Community Residents seek Rent Control in Northern CA Read More
MHProNews has learned from investors that single-family housing starts dropped -3.9 percent in January to a seasonally adjusted annual rate (SAAR) of 731,000, but up +3.5 percent from last January. Multi-family starts dropped -2.5 percent on the month but slipped -3.8 percent for the year. Despite housing starts being down, …
Housing Starts, Home Builder Confidence Fall; Building Permits, Mortgage Apps Rise Read More
In the news from CNNMoney: Fed sees more downside risks to U. S. economy. Oil rallies as Iran agrees to freeze production. Jaguar unveils 200 MPH car, 0 to 60 in 3.5 seconds. Warren Buffett betting big on oil stocks. Bombardier cutting nearly 10 percent of work force. 1.2 billion …
Deer Valley, Carlyle Group, Patrick Industries Post Significant Gains Read More
Following a topic we last covered Nov. 5, 2015 regarding the numbing effect of mandated sprinkler systems on home building in Maryland, lawmakers held a hearing to determine if counties can opt out of a new state law requiring all new homes, including manufactured homes (MH), to have sprinkler systems. …
Maryland Counties want to Opt out of Mandated Sprinkler Read More
Millions of manufactured home MH owners and thousands of MH professionals are being adversely impacted by the current state of CFPB regulations. Yet the fog created by interest groups that oppose changes to Dodd-Frank or the Consumer Financial Protection Bureau (CFPB) current policies have slowed the progress in the Senate …
Cutting through Media Fog for Manufactured Home Owners and Pros Read More
The town of Snowflake, Arizona has signed off on an agreement for Navajo County to be responsible for enforcing installation standards of manufactured housing and factory-built buildings. The county has a previously signed agreement with the AZ Department of Fire, Building and Life Safety Office of Manufactured Housing for the …
Responsibility for Enforcing MH Installation Standards Passes from Snowflake to County Read More
“There is a chronic housing shortage in many parts of the country: demand exceeding supply has resulted in property values increasing to unaffordable levels, owner occupation rates are decreasing. Market rents, being a function of property value, have also increased as more families look to the rented sector for housing,” …
Rob Ripperda of the Texas Manufactured Housing Association (TMHA) informs MHProNews the Stat Tracker indicates Texas continues to lead all states in the sales of manufactured homes. The state notched 14,861 total MH sales in 2015 through Nov., 2015. There is a 60-day window for submission of sales, and with …
In the news from CNNMoney: NFL Commissioner Roger Goodell takes $1 million pay cut to $34 million. Bernie Madoff hates the ABC show about him. Home security giant ADT sells for $7 billion. Berkshire Hathaway to livestream shareholders meeting. Russian vodka exports fall 40 percent because of sanctions. China’s big …
Nobility Gains +7%, Berkshire Hathaway Slips, NASDAQ Advances +2.27% Read More
Thirteen additional modular units have been added to the Tabanovce refugee transit center in Macedonia, where thousands of refugees cross almost every day as they head toward the European Union countries, as independent.mk informs MHProNews. The added housing will accommodate the most vulnerable refugees, and will provide office space to …
Macedonia Refugee Center Importing more Modular Units Read More
A measure before a Kansas House committee would provide vocational training and equipment for inmates at the Ellsworth Correctional Facility to produce up to five homes a year that would then be sold or donated to a needy family. Current law restricts the sale of prison-made goods like dormitory and …
Kansas Manufactured Housing Association Opposes Home Building in Prison Read More
Two tri-state off-site home builders in Iowa are seeing improvements in their respective housing markets, according to thonline. Doug Stimpson, vice president and general manager of All American Homes in Dyersville, in northeastern Iowa told MHProNews that business has increased 30 percent in the last four years, and already this …
Northeastern Iowa Growing the Off-site Homebuilding Market Read More
MHProNews has learned from insideindianabusiness that Patrick Industries, Inc. (NASDAQ:PATK) is spending over $1 million in new information, technology and facility improvements at two leased buildings in Mishawaka, Indiana comprising 140,000 square feet of space, with plans to create 84 jobs. Patrick has a five-year lease for the two buildings, …
While Millennials are of the age group of historical homebuyers, builderonline reports as of 2014, 8.8 million of young adults ages 25-34, over 20 percent in that age group, continue to live with family, according to National Association of Home Builders (NAHB) research. Analyst Natalia Siniavskaia points to the lack …
Currently in Corpus Christi, TX, the city owns a number of vacant lots it wants to site with homes, according to what caller tells MHProNews, and intends to infill with affordable housing. Streets Committee Chairman Andy Taubman is in favor of using manufactured homes as infill, and to this end, …
City may Infill Vacant Property with Manufactured Homes Read More
U. S. stock markets are closed today in honor of President’s Day. Markets will reopen, Tuesday, Feb. 16 at 9 AM. (Photo credit: wikipediacommons–New York Stock Exchange) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
Following a story regarding the proposed rule by HUD that would draw a better distinction better manufactured housing and Park Model RVs, as MHProNews posted Feb. 13, 2016, two national RV associations issued a joint statement which reads, “This proposed rule provides a critical solution to the regulatory uncertainty that …
