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.
The Kentucky Housing Corporation (KHC) is offering $6 million in loans at a one percent, fixed-rate, 30-year mortgage for low-to-moderate income homebuyers in the SOAR (Shaping Our Appalachian Region) area of Kentucky, according to an announcement by Lt. Gov. Crit Luallen. Established in 2013 by Gov. Steve Beshear and Rep. …
In CNNNews: Stocks in China plunge as bubble fears continue, Neil Young’s new album blasts corporate America, the price of eggs is rising, and less than one percent of people who apply to purchase a gun at a gun store are denied. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …
The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures …
Following a story MHProNews last posted June 2, 2015 regarding Cavco Industries, Inc.’s request for a tax abatement following its acquisition of manufactured homes producer Fairmont Homes, the Nappanee City Council met for a public hearing on the request Mon., June 15. No one from the public spoke either for …
Public Hearing Follows Cavco’s Request for Tax Abatement Read More
MHProNews has learned Jeffrey Gendell continues to sell his shares in Patrick Industries, Inc. (NASDAQ:PATK) as he did May 25, and June 8, 2015. Most recently he sold another 3,748 shares at $37.20 each for a net of $139,503, according to octafinance. In total he has sold 72,783 shares for …
MHProNews has learned the Ohio Manufactured Homes Association (OMHA) is opposing State Senate Bill 113 which would require owners of manufactured home communities (MHCs) to pay for cleanup of any meth lab discovered on their property, regardless of their knowledge of the crime. There is a push in the Senate …
Ohio Measure would Require Community Owners to Clean up Meth Labs Read More
In CNNNews: Nasdaq hits a new high, Greece is another step closer to default on its debt, a woman will be on the new ten dollar bill, newscaster Brian Williams moving over to MSNBC, and the consumer price index rose .04 percent. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …
Skyline Corp. Continues its Roller Coaster Run, while the Nasdaq Hits a New High Read More
Overall U. S. home starts fell 11.1 percent in May after notching the largest monthly gain in 24 years in April, according to usnews. While May’s figures were 5.4 percent above a year ago, the rate at which homebuilders began new homes in May was 1.036 million, a drop from …
While Home Starts Fall, Housing Permits Rise in May Read More
GC Blackstone, a commercial and residential building and development company subsidiary of Concordis Group, Inc. (CNGI:OTC) is planning a micro modular apartment building in Dallas with 60 units to address the need for affordable housing in this high cost market. Designed for the urban millennial, the housing will offer the …
Concordis Developing Micro Modular Units in Urban Settings Read More
Updating a story MHProNews posted June 6, 2015 regarding the closing of Magnolia Homes in Gering, Nebraska, geringcitizen reports local business leaders are working to keep the facility open and maintain the jobs in the community. In the area since the 1950s and at its present location since 1972, Harry …
Reservations for the RV/MH Hall of Fame Induction Dinner honoring the Class of 2015 are already ahead of last year’s, according to Committee Chairman Mark Wasson (Bluelinx Corp.), with over 153 registrations in the hopper for the Aug. 3, 2015 event. Darryl Searer, president of the RV/MH Hall of Fame …
Reservations for Induction Dinner Ahead of Last Year Read More
The world’s largest retirement community, which is also the fastest growing city in the U. S., is expanding to include additional senior living facilities nearby. With a growth rate of 5.4 percent for the 12 months ending July, 2014, The Villages in Florida grew from 51,442 people in 2010 to …
Florida’s The Villages Expanding Continuum of Care for Seniors Read More
In CNN News: Federal Reserve may raise interest rates in September, we spend an average of $2,600 annually commuting to work, railroad stocks are falling this year, and millionaires will control nearly half the world’s wealth by the end of the decade. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …
Liberty Homes Plummets, Nobility Homes Rises, MHCV Slips Read More
Updating a story MHProNews posted June 10, 2015 regarding the closing of Gerry Park for Mobile Homes in Gary, Indiana, and residents concerns of having to move, Gary Mayor Karen Freeman-Wilson says a meeting between company officials and residents has resolved some of the issues. No company representative was at …
Residents of Closing Manufactured Home Community have Concerns Addressed Read More
“I have learned that there’s a big need for low-income families to get some help,” says Robin Davis, of Davis Homes, a manufactured and modular home dealer in Peachland, North Carolina, reports ansonrecord. She says in the year since the business opened, about 400 people have come in and many …
Davis Homes in NC Offers Paths to Manufactured Home Ownership through USDA Read More
From a hearing June 11, 2015 from the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Department of Housing and Urban Development” at which Rep. Ed Royce (R-CA) questioned HUD Secretary Julian Castro about the need for housing finance reform, and bank lenders leaving …
The Dublin, Ireland City Council has voted to erect up to 400 modular homes for the growing family homeless population following a plan rejected by the councillors to renovate 64 vacant apartments in O’Devaney Gardens The Dublin Joint Homelessness Consultative Forum (DJHCF) adopted a plan to “develop and propose a …
Guerdon Modular Buildings of Boise, Idaho has hired Pete Murray as president and chief operating officer (COO) as the company continues its growth in the western U. S. market, building modular multi-housing developments, reports idahobusinessreview. Murray has been vice-president of western manufacturing operations for Welch Allyn, a medical device maker …
In USA Today News: Americans opened their wallets in May, as retail sales rose +1.2 percent across several categories: car dealers sales rose +two percent; sales of building material and garden supplies increased +2.1 percent; clothing stores saw sales rise +1.5 percent; department stores sales rose +0.8 percent; and sales …
Skyline Corp. Spikes; Donald Trump Running for President, Yikes! Read More
MHProNews has learned that another board director of Drew Industries, Inc. (NYSE:DW) has been involved in insider trading. James Gero purchased 10,000 shares of stock June 11, 2015 at $57.00 per share for a total of $570,000, according to insidertraderreport. The insider transaction was reported to the Securities and Exchange …
