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.
Following the continuing saga of the 400 modular homes being built for the homeless in Dublin, Ireland, which MHProNews last covered Nov. 24, 2015, the first 22 units set to be sited on Balbutcher Lane in Ballymun ignited a protest. The domonstrators allege the plan jeopardizes a plan by a …
Dublin Protesters Disrupt Modular Homes for Homeless Worksite Read More
Where so many see a loathing, fearful problem, Robert Rand, a Vietnam Vet with 20 years of military service, sees an opportunity. Writing in centralmaine, he states he doesn’t understand the rejection of Syrian refugees, especially by the Republicans, comparing it to turning back the boatload of 100s of Jewish …
Lower Immigration Barrier, Offer Syrian Refugees New Manufactured Homes Read More
Following a series of posts MHProNews has published regarding Jeffrey L Et Al Gendell’s unloading of Patrick Industries, Inc. (PATK) which we have documented since Nov., 2014, this major stockholder has now sold an additional 11,116 shares of Patrick. The shares were sold at an average price of $41.03 for …
In another inside trading transaction at Drew Industries, Inc. (NYSE:DW), Chief Administrative Officer Jamie Schnur sold 1,626 shares of company stock in a deal dated Tue., Nov 24, according to storminvestor. The shares were sold at an average price of $59.41 resulting in a transaction value of $96,600.66. On Nov. …
MHProNews has learned from realestaterama the Lake County (Fla.) Building Services Division is hosting an instructional workshop on “Manufactured Home Set-up” Dec. 3 in Tavares, Fla. Presented by Blaine Fort, Department of Motor Vehicles Safety Program Consultant, the free class will deal with the installation and safety aspects of siting …
Fla. Workshop will Feature Manufactured Home Set-up Read More
Quirky hotel chain Snoozebox, which provides pop-up hotel rooms for music festivals and sporting events within 24 hours, has inked a contract with Ealing Council in the United Kingdom to provide 44 modular homes for emergency housing, according to telegraph.co.uk. With the need for 250,000 new homes annually to ease …
Housing Shortage leads to Modular Homes Rising in England Read More
The writers, sponsors and supporters of MHProNews and MHLivingNews extend their warmest wishes for a most fulfilling and Happy Thanksgiving to one and all. (Photo credit: fotosearch) Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
“The optimist doesn’t deny the reality of rain. The optimist just picks up an umbrella, and opens as needed.” – The Elk. Problem solving requires realistic, objective thoughts and a search for practical solutions. Thanksgiving is rightly a time of celebration. Right after turkey, family, friends and Black Friday door-busters, …
Although HUD Secretary Julian Castro praised the manufactured home industry for making affordable home ownership possible in a recent speech to the Manufactured Housing Institute (MHI), another part of the federal government, the Consumer Financial Protection Bureau (CFPB), restricts lending on manufactured homes valued at $20,000 or less. Some say …
Crucial Vote on MH Lending due in Congress by Dec. 11 Read More
Residents of the two manufactured home communities (MHC) in Kitimat, in the far northern reaches of British Columbia (BC), are on track to receive more security should their communities be repurposed, according to what northernsentinel tells MHProNews. The proposed policy of the Kitimat District will establish time frames and remuneration …
Kitimat B.C. Council Extends Notice Date for MHC Redevelopment Read More
In an insider trade, as reported by voicechronicle, Jason Lippert, CEO of Drew Industries, Inc. (NYSE:DW) sold 2,800 shares of company stock at $59.80 per share for a net of $167,440. He still owns 130,711 shares, 0.55 percent of the company’s market cap of $1.41 billion. Company stock has risen …
In the news from CNNMoney: HP falls 14% upon word of weak sales. Americans are saving more than spending. Tyson Foods, Hormel and Campbell all reported solid earnings this week. Airlines saved $11 billion on fuel in first nine months of 2015. CEO of Brazil’s largest investment firm arrested. Nine …
MHCV Remains above 1200; LPX and Drew also Gain over Two Percent Read More
MHProNews has learned from builderonline that construction of single-family homes built specifically as rental units rose to 9,000 units for Q3 2015, compared to 7,000 for the same period last year. Robert Dietz of the National Association of Home Builders (NAHB) looks at statistics from the Census Bureau’s Quarterly Starts …
For the past 12 years the Gloucester County Habitat for Humanity has spent $2 million acquiring property and rehabbing and building homes, but for the first time they are building a modular home for a family of four in Woodbury, New Jersey. This is the second Habitat home in Woodbury …
Modular Home is First for New Jersey Habitat for Humanity Read More
With strengthening demand in the U. S. construction market, especially in commercial construction, including housing starts that are expected to remain strong, Universal Forest Products, Inc. (NYSE:UFPI) is well-poised to reap benefits, according to what Zacks tells MHProNews. UFPI anticipates $3 billion in sales by 2017 UFPI will likely gain …
Zacks Posits UFPI will Realize Solid Growth, Issues Strong Buy Read More
The National Association of Realtors (NAR) informs MHProNews existing home sales declined 3.4 percent in October to a seasonally-adjusted annual rate (SAAR) of 5.36 million units, following Sept.’s sales pace of 5.55 million units, the second highest since 2007. Falling more than expected, regions which have realized the largest price …
In the news from CNNMoney: Congress wants billions from the Federal Reserve’s piggy bank to help fix roads. Iran preparing to return in big way to world oil market. Recent credit card upgrade may lead to longer lines at checkout. Economy grew by 2.1% in third quarter, better than expected. …
The Manufactured Housing Association for Regulatory Reform i(MHARR) informs MHProNews that it has exposed an attempt by the federal manufactured housing program to increase the influence of a monitoring contractor over HUD Code homes for the Federal Emergency Management System (FEMA). This “rogue” inspection set-up, as MHARR calls it, duplicates …
Sponsored by Garland “Andy” Barr (R-KY), the HR 1210 Portfolio Lending and Mortgage Access Act was introduced March 3, 2015 and passed the House of Representatives Nov. 18, 2015. It now goes to the Senate for Consideration, as MHProNews understands. Here is a summary of the bill from the Library …
Amendment to TILA Provides Safe Harbor vis-a-vis QM Read More
To update a post MHProNews last published Nov. 20, 2015 regarding modular homes being built for homeless people in Dublin, Ireland, for the first 22 units–of a planned 400–the government has inked a contract with Co Tyrone company Western Building Systems for $3.94 million, according to campus.ie. The project was …
