Manufactured and Modular Housing News

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.

Producer of High Tech Manufactured Homes Obtains Loan to Buy Facility

The Vermont Economic Development Authority (VEDA) has approved $14.4 million in loan and bond financing for a variety of projects throughout Vermont, according to what MHProNews has been informed by vermontbiz. Funding of $300,000 was approved to assist Vermod High Performance Manufactured Housing, LLC, a producer of energy-efficient modular homes …

Producer of High Tech Manufactured Homes Obtains Loan to Buy Facility Read More

Trump Thumps Rs, Hill feels the Bern in NH Primary

The conventional rule of thumb in the New Hampshire presidential primary told us that many, if not most voters, don’t decide for whom they will vote until right before they cast their ballot. This year may have been the exception, as the polls that emerged in the run up to …

Trump Thumps Rs, Hill feels the Bern in NH Primary Read More

Labor and Lot Shortage could Hinder Housing Market Recovery

The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reveals the cost and availability of labor remains the biggest hurdle for builders, and is expected to continue as a problem throughout this year. During the Great Recession tradespeople left the industry by the thousands because jobs …

Labor and Lot Shortage could Hinder Housing Market Recovery Read More

Patrick Falls over Nine Percent as Oil Drops below $28/bbl

In the news from CNNMoney: U. S. has near record 5.6 million jobs open. Sears is closing 50 stores. Only seven stocks in the NASDAQ 100 are up this year. World’s second largest diamond, 1,111 carat stone found in Botswana, now named Lesedi La Rona, “Our Light” in Setswana, the …

Patrick Falls over Nine Percent as Oil Drops below $28/bbl Read More

Manufactured Home Community Planned in Alberta, Canada

In order to offer its citizens a more affordable housing option, the town of Penhold in Alberta, Canada is proposing a 200+ site manufactured home community, as innisfailprovince.ca tells MHProNews. Kristina Schmidt, Penhold’s planning and development officer, recommends amending the Land Use Bylaw zoning to allow for increased density on …

Manufactured Home Community Planned in Alberta, Canada Read More

First State MHA Offering Scholarships up to $1k

Once again, as MHProNews reported June 19, 2013, the First State Manufactured Housing Association (FSMHA) is offering four scholarships of up to $1,000 to residents of a manufactured home (MH) in Delaware. Applicants must be a resident of the state and have lived in an MH for at least one …

First State MHA Offering Scholarships up to $1k Read More

Skyline Picks Foxworthy to Head Operations

MHroNews has learned from prnewswire former president of Goldshield Fiberglass Jeff Newport has been chosen by Skyline Corp. of Elkhart, Indiana as Vice President of Operations, overseeing the manufacturing, purchasing and quality operations for all nine of the company’s divisions. At Goldshield, he spearheaded initiatives that resulted in a 400 …

Skyline Picks Foxworthy to Head Operations Read More

Deer Valley Spikes Nearly 25% as Dow Falls over one Percent

In the news from CNNMoney: Chesapeake Energy denies bankruptcy rumors. 4,279 U. S. citizens cut their official ties to U. S., up 20% over last year. Citigroup says fear the ‘oilmageddon’ recession. Gas is near $1 dollar in some markets. India ignores global slowdown, economy grows 7.3 percent. Economics professor …

Deer Valley Spikes Nearly 25% as Dow Falls over one Percent Read More

HUD Closes Loophole on RV Exemption

According to what thehill tells MHProNews, recreational vehicles (RV) are currently exempt from the Department of Housing and Urban Development (HUD)’s rules for manufactured homes (MH). New proposed rules say those RVs that are used as a “primary residence or permanent dwelling” should not be exempt. HUD wants to redefine …

HUD Closes Loophole on RV Exemption Read More

Hollywood Calling: Quitsville Leaves Hilary Duff with Malibu Mobile Home

Actress and singer Hilary Duff and ex-National Hockey Leaguer Mike Comrie, over two years since splitsville in Jan., 2013, have finalized their divorce, as tmz informs MHProNews. Duff gets to keep their Beverly Hills mansion and a manufactured home in prized Malibu–”it’s a very ritzy thing among the rich”–, but …

Hollywood Calling: Quitsville Leaves Hilary Duff with Malibu Mobile Home Read More

Dewberry Still Assisting Sioux with Manufactured Homes

As MHProNews reported Dec. 21, 2015, professional services firm Dewberry assisted with the siting of manufactured homes for the Oglala Sioux tribe on the Pine Ridge Indian Reservation in South Dakota, marking the first presidential disaster declaration made directly to an Indian tribe. From directionsmag, MHProNews has learned Dewberry has …

Dewberry Still Assisting Sioux with Manufactured Homes Read More

High Rents Yield Hard Times for Low/Fixed Income Families

Rents have arrived at a historic high, similar to where they were during the housing bubble of 2008, as ktep.org tells MHProNews, according to statistics from the Commerce Department. The old rule of thumb to never spend more than a third of your income on housing is out the window. …

High Rents Yield Hard Times for Low/Fixed Income Families Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016

What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More

Wells Fargo was Freddie’s Top MHC Seller in 2015

Following a story MHProNews posted Jan. 14, 2016 regarding GSEs Fannie Mae and Freddie Mac’s multifamily loans for 2015, which totaled just under $90 billion, rebusinessonline reports CBRE was Freddie’s highest-producing multifamily mortgage seller with $6.96 billion in originations. Making the announcement at the Mortgage Bankers Association (MBA) convention in …

Wells Fargo was Freddie’s Top MHC Seller in 2015 Read More

Patrick to Release Financial Results Feb. 18

MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) will release its fourth quarter and year end 2015 financial results before the market opens on Thurs., Feb. 18, 2016. Later that same morning at 10:00 AM eastern time Patrick intends to host a conference call to discuss the results …

Patrick to Release Financial Results Feb. 18 Read More

MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster

In the news from CNNMoney: U. S. exports drop for first time since Great Recession. Chinese group buying Chicago Stock Exchange. Berkshire Hathaway spends $964 million to increase share of Phillips 66 stock to 14 percent of all shares. Unemployment falls to 4.9 percent, lowest in eight years. Key Fed …

MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster Read More

Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030

While the spotlight has been on the Millennials in recent years as the housing market tries to lure them out of their parents’ basements, the National Association of Home Builders (NAHB) and American Community Survey has revealed more than 48 million households in the U. S. are headed by someone …

Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030 Read More

Clayton Acquires Manufactured Home Retailer G&I Homes of New York

In its attempt to grow in Pennsylvania and New York, Clayton Homes has acquired G&I Homes of Frankfort, New York according to uticaod. Founded by Gerald and Irene Bushey in 1965, the six upstate manufactured home locations will continue to be run by members of the Bushey family, including son …

Clayton Acquires Manufactured Home Retailer G&I Homes of New York Read More

Factory-built Home Causes Wholesale Resignations of Mayor and Staff

The mayor, one city council member, the city attorney, city manager and a Board of Adjustment member have all resigned their posts in Marquette, Iowa, pop. 462, according to thegazette, possibly in response to the city ‘s inaction on a zoning violation, as MHProNews has learned. On Wed., Mayor Dave …

Factory-built Home Causes Wholesale Resignations of Mayor and Staff Read More

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Seattle Times announces State Investigation of Warren Buffett’s Clayton Homes, as expected – Analysis

As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing …

Seattle Times announces State Investigation of Warren Buffett’s Clayton Homes, as expected – Analysis Read More

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