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.

Modular Homebuilding can be Quite Varied

Addressing the notion that many people think “mobile home” when modular home is mentioned, modularmusings tells MHProNews that Bill Gassett, in an article entitled Maximum Exposure Real Estate Blog on the Pros and Cons of Modular Homes, says that customization is not available in modular home building. Noting the need …

Modular Homebuilding can be Quite Varied Read More

Government-Sponsored Enterprise Stabilizes $1 Billion of Affordable Housing

Freddie Mac multifamily has financed $1 billion in manufactured housing community loans in 18 months, according to what marketwired tells MHProNews. These are loans made to manufactured home community (MHC) owners, representing over 25,000 home sites in 23 states. “MHC loans are an example of how we are serving new …

Government-Sponsored Enterprise Stabilizes $1 Billion of Affordable Housing Read More

Universal Forest Products Spikes +16.62%; Nobility Homes Sparks to 13.12%; Dow Gains over 200 points

In the news from CNNMoney: Consumer prices fall -0.2 percent. China has more billionaires than U. S. Are minimum wage hikes responsible for falling profits? U. S. deficit now lowest since 2007. Debt ceiling deadline 18 days away. Apple opening its first stores in the Middle East. ISIS is attacking …

Universal Forest Products Spikes +16.62%; Nobility Homes Sparks to 13.12%; Dow Gains over 200 points Read More

Dee Pizer Relinquishing Role of CEO at Zeman

After 35 years in the manufactured home industry, 30 of them with Zeman Homes, Zeman CEO Dee Pizer will step down from her position as of Dec. 15, 2015. She has held a number of positions with Zeman since joining the company in 1986, and in January, 2007 was chosen …

Dee Pizer Relinquishing Role of CEO at Zeman Read More

Arkansas MHA Names Industry Achievement Recipients

The Arkansas Manufactured Housing Association (AMHA), at its 44th Annual Meeting and Convention held in Little Rock, presented Industry Achievement Awards to association members for their contributions to the manufactured home industry. AMHA Executive Director J. D. Harper tells MHProNews Country Comfort Homes of Hot Springs, AR was named 2015 …

Arkansas MHA Names Industry Achievement Recipients Read More

Former Brooklyn Modular Builder Posts Profit

MHProNews has learned from businesswire that the Swedish company, Skanska, took a write down of 630 million krona, about $75.6 million, for third quarter operations in the U. S. The majority of the losses stem from six projects where the client changed the design plans, and lowered productivity. After the …

Former Brooklyn Modular Builder Posts Profit Read More

UFPI Posts Record-breaking Results for Q3 2015

Universal Forest Products, Inc. (NYSE:UFPI) reports record-breaking Q3 2015 results, posting the best third quarter earnings in company history, with net earnings of $25.6 million, a 32.9 percent increase over the same period of 2014. It also marked the highest year-to-date earnings at $61.7 million over three quarters, according to …

UFPI Posts Record-breaking Results for Q3 2015 Read More

Assurant Closing Ohio Office

MHProNews has learned from bizjournals that Assurant Specialty Property, which sells manufactured housing insurance, has decided to close its Dayton, Ohio office it opened two years ago. The expansion occurred after client growth filled the Springfield offices. The move will affect 150 employees, some of whom will be able to …

Assurant Closing Ohio Office Read More

Dow Falls nearly one percent; Nobility Homes fell almost -5 percent

In the news from CNNMoney: Firms that bankrolled oil boom hurting. Wage hikes denting Walmart’s bottom line. Delta predicts lower fares are coming. China expected to post worst growth since 2009. Peace Corps applications rise. Boeing has created the lightest metal ever which it describes as 99.99 percent air. Meanwhile, …

Dow Falls nearly one percent; Nobility Homes fell almost -5 percent Read More

Tony CA County Seeking more Affordable Housing

Marin County officials are seeking methods to either build or maintain affordable housing in this very pricey neighborhood of the San Francisco Bay, according to nationalmortgagenews. At a workshop on housing in the Chambers of the Board of Supervisors, there were many proposals from the overflow citizenry, but the county …

Tony CA County Seeking more Affordable Housing Read More

Modular Home Builder Sponsoring Educational Breakfast Meeting

MHProNews has learned from modularhomecoach that Modular Home Builder is sponsoring the October Builder Breakfast at The Country Cupboard in Lewisburg, Pennsylvania Oct. 21 starting at 8:30. The primary speaker will be Steve Kennealy, Massachusetts Director of the Manufactured Buildings Program, Dept. of Public Safety, giving a talk about unqualified …

Modular Home Builder Sponsoring Educational Breakfast Meeting Read More

FEMA adds to Expense Ticket in Valley Fire Loss

A story MHProNews last published Oct. 8, 2015 details the Federal Emergency Management Agency’s (FEMA) disaster relief efforts for victims of the Butte and Valley fires in northern California. At that time they had disbursed over $4.5 million, and now that number has jumped to $7.49 million, according to record-bee, …

FEMA adds to Expense Ticket in Valley Fire Loss Read More

Pine Ridge Indian Reservation getting Manufactured Homes

The first two manufactured homes (MH) have arrived at Ellsworth Air Force Base, South Dakota as a staging area for these and more MH that the Federal Emergency Management Agency (FEMA) is bringing in from storage in Cumberland, MD and Selma, AL to house flood victims on the Pine Ridge …

Pine Ridge Indian Reservation getting Manufactured Homes Read More

Manufactured Home Community Sold, being Upgraded

The Mission Trailer Park in downtown San Luis Obispo, CA which opened in the 1940s, has been sold and vacated, and after undergoing extensive infrastructure work will reopen with new manufactured homes as Mountain View Terrace. The county assessor’s office indicates the new owner is Higuera Commons LLC, a private …

Manufactured Home Community Sold, being Upgraded Read More

Patrick Outpaces other MH-related Stocks, Dow, NASDAQ and S&P

In the news from CNNMoney: Warren Buffett says “America’s never been greater,” followed by another headline that says “Taxing the rich won’t solve inequality.” Wall Street has made Hillary Clinton a millionaire. Oil glut coming as soon as Iran enters the market. Pond scum could feed the world. New highway …

Patrick Outpaces other MH-related Stocks, Dow, NASDAQ and S&P Read More

Passages: Kenneth S. Clark, Sr., Nanticoke Chief Red Deer

A significant player in the negotiation and adoption of many provisions of the Delaware Manufactured Home Owners and Community Owners Act, Kenneth S. Clark Sr., Nanticoke Chief Red Deer, passed away at home on his ancestral grounds near Millsboro, Oct. 9, 2015, at 84. The son and grandson of Nanticoke …

Passages: Kenneth S. Clark, Sr., Nanticoke Chief Red Deer Read More

Residential and Commercial Construction Workers in Short Supply

With employment in the construction industry falling by 2.3 million from 7.7 million between 2006 and 2011, and remaining 1.3 million below its peak, builders are hampered trying to find qualified workers. The would-be construction workers who came of age during the Great Recession and aftermath sought employment elsewhere. Construction …

Residential and Commercial Construction Workers in Short Supply Read More

Galvanized Steel Modular is 1st 100% Off Site Build

Coventry based manufacturer Central Site Accommodation is assembling the first modular house in the United Kingdom to be totally 100 percent manufactured offsite, according to what constructionenquirer tells MHProNews. It will be on display Oct. 14 and 15 at the OFFSITE Construction Show at the ExCeL Centre in London. Central …

Galvanized Steel Modular is 1st 100% Off Site Build Read More

California Home Value Increase Slowing

MHProNews has learned from mapmag, the California Association of Realtors Chief Economist Leslie Appleton-Young stated that house price increases will be at the lowest rate since 2011. She predicts in 2016 the median price of a detached house will rise by 3.2 percent to $491,300, which is less than half …

California Home Value Increase Slowing Read More

Encore Wire Shares Lighting Up

Shares of Encore Wire Corp. (NASDAQ:WIRE), suppliers of a variety of interior electrical wire to the manufactured home industry have been on a bit of a tear: the stock has risen +11.42 percent in the last week, and +16.09 percent for the past four weeks, according to reports MHProNews has …

Encore Wire Shares Lighting Up Read More

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