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.
MHProNews has learned from washingtontimes that developers in Berthold, North Dakota are preparing to break ground this fall for a new modular subdivision a mile east of Berthold. New homeowners are being sought for the 240 home site Prairie Rose Estates, which has been in the making for three years. …
Groundbreaking near Minot, North Dakota for Modular Subdivision Read More
Following the continuing saga of survivors of the Butte and Valley wildfires in Northern California as MHProNews last posted Oct. 23, 2015, record-bee reports the Federal Emergency Management Agency (FEMA) has identified the Clearlake Resort and Campground near Lakeport as a site that will accommodate 40 manufactured homes. Another location …
Site Set for 40 Manufactured Homes in Wildfire Area Read More
According to the National Association of Homebuilders (NAHB) index, the pace of multifamily residential construction rose 27 percent in Sept. over Sept. of 2014, while spending on single-family building was up 13 percent for the same period. Total private residential construction for Sept. rose to a seasonally adjusted annual rate …
Multifamily Residential Building Expected to Slow in Coming Year Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that HUD Code production of manufactured homes for September, 2015 reached 6,325 homes, an increase of 7.8 percent over the 5,862 homes produced in September of 2014. Total industry production for the year now totals 52,061 MH, an eight percent …
MHProNews has learned from dakotafinancialnews that manufactured home component supplier Drew Industries (NYSE:DW) reported $0.70 earnings per share for the third quarter, 2015, missing analysts consensus of $0.74 by $0.04. Earnings per share for the same period last year were $0.64. Drew earned $345 million during Q3, as compared to …
In the news from CNNMoney: Chipotle sued by customer who claims she got E. coli poisoning. Standard Chartered bank cutting 15,000 jobs. China now runs four of the world’s biggest five banks. JPMorgan Chase and HSBC are now “too big to fail” banks. Tesla’s shares advance following earnings report. ISM …
MHCV Advances to 1181; More MH Stocks Fall than Gain Read More
Manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) has announced the underwritten public offering of 3,250,000 shares of its common stock at $65.00 per share, according to marketwatch. Moreover, the underwriters receive a 30-day option to purchase up to an additional 487,500 shares. BofA Merrill Lynch, Citigroup and BMO …
Kentucky Gov. Steve Beshear has chosen SSK Communities owner and co-founder Nathan Smith to serve on the reorganized 13-member Cincinnati/Northern Kentucky International Airport (CVG) board of directors. He is the only board member selected directly by the KY governor. The other members are nominated from the KY counties adjoining the …
The Seward County, Kansas commissioners have agreed to ease restrictions on replacing a manufactured or mobile home with a newer model by not requiring the owner to apply for a special zoning exception, which necessitates a public hearing with board of zoning appeals. As leaderandtimes tells MHProNews, the planning commission …
Kansas County Eases Upgrade on Manufactured Home Replacement Read More
Investors Business Daily (IBD) tells MHProNews that producers of manufactured homes and recreational vehicles have moved up the IBD rankings of 197 industry groups from 120th six weeks ago to the current 7th spot. Termed the Building-Mobile/Manufacturing & RV group, the MH/RV ranking was in the 89th spot just three …
Updating a story MHProNews first posted Oct. 10, 2015 about Clayton Homes’ acquisition of Chafin Homes of Buford, Georgia, it has been disclosed to MHProNews that the price for the deal was $50 million, plus the previously revealed 1,100 developed and undeveloped building lots. According to housingwire, Chafin has been …
In the news from CNNMoney: China’s factories are struggling. Millennials love their phones but they spend more on pizza than anything else—except in NYC where taxis are the biggest expense. Russia threatens Ukraine over debt payment. Egypt cannot rely on cash-strapped Saudi Arabia. Following a blistering article in August about …
Shares of manufactured housing component supplier Patrick Industries, Inc. (PATK) fell 11.17 percent during the last week, but the last four weeks has seen positive gains of 2.11 percent. In any case, Zacks’ analysts consensus gives it a 1 rating, which is a strong buy. Oppositionally, a 5 rating would …
Patrick Industries and Sun Communities hit 52-week Highs last week Read More
A report by the National Fire Prevention Association’s (NFPA) John R. Hall, Jr., entitled Manufactured Home Fires documents that manufactured homes (MH), built after 1976 when MH production fell under the dictates of the Department of Housing and Urban Development (HUD), are more fire-resistant than comparable site-built homes. The study …
MHProNews has been informed that Capital One’s Damon Reed, Senior Vice President and Director of MHC Finance for the Multifamily Division, has arranged a $5.8 million Fannie Mae fixed-rate loan for the acquisition of Orosi Estates in Orosi, California, 200 miles north of Los Angeles. The 128 manufactured home community …
Capital One Arranges Financing for Manufactured Home Community Read More
The new features articles for the “Nettlesome November” issue of MHProNews are scheduled to go live Tuesday night – November 2, 2015. There will be over 20 new featured articles, including a number of videos. Besides MH legal, community, news, marketing and other staples, there are 7 articles by and/or about …
Nettlesome November 2015 Issue Goes Live Tuesday Night Read More
What’s New in public focused Manufactured HomeLivingNews.com Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home Robert Gann, Chet Murphree, Deer Valley Homebuilders, Guin AL – Inside MH Video Tours What’s New in Manufactured Housing Industry Professional News Quarter financials spike Cavco’s stock. MHARR, MHI respond …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015 Read More
Manufactured home communities (MHC) play an important role in meeting the need for affordable housing across the U. S., reports usda.gov. If they become a cooperative, the residents have a major responsibility to govern and manage their ownership rights, reports John McNamara, a Cooperative Development Specialist with the Northwest Cooperative …
Co-op Residents get Assist from Software to Operate Communities Read More
The Pending Home Sales Index (PHI) indicates September’s numbers fell 2.3 percent from the downwardly revised August 109.3 level, marking the second consecutive month it has fallen, according to jewocity. Analysts had expected a modest increase of 0.6 percent. However, the index was up three percent over September of 2014. …
In response to a request from House Financial Services Committee Chairman Jeb Hensarling for ideas to address housing affordability and poverty, the Manufactured Housing Institute (MHI) offered constructive suggestions on improving regulations and programs that affect the manufactured home industry. In addition to shepherding H. R. 650, the Preserving Access …
