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 that UMH Properties, Inc. (NYSE:UMH) has purchased a 158 site manufactured home community (MHC) in northeastern Pennsylvania for $3,517,000. The all-age community is situated on 43 acres in the Marcellus and Utica Shale regions where the demand for housing is being driven by energy exploration workers. Current …
The National Association of Realtors (NAR) reports that pending home sales rose again in April, 3.4 percent over March, following March’s increase of 11 percent over March 2014. April’s rise was 14 percent year-over-year, the highest level since 2006, says realtor. NAR’s chief economist Lawrence Yun remarks about today’s numbers: …
Following a story we first posted May 18, 2015 regarding a development in North Platte, Nebraska that will include modular housing for low-to-moderate income residents, nptelegraph informs MHProNews that nine developers have shown interest in building 21 units of the 43 DEVCO intends to complete with the $344,000 funding. Called …
MHProNews has learned ATRM Holdings, Inc., (NASDAQ:ATRM) which bought modular manufacturer KBS of Maine in April, 2014, has completed filings to become current with Securities and Exchange Commission (SEC) reporting requirements, and has made operational changes which it says will improve its performance for the remainder of 2015. Based in …
ATRM Projects Improved Operations from its Modular Production Read More
The North Carolina Department of Environment and Natural Resources has awarded Alamance County $24,000 to demolish and recycle 17 abandoned manufactured homes. Eligibility requirements state that the home must be privately owned and vacant, and owners voluntarily agree that the homes need to be demolished, according to thetimesnews. A pilot …
County Receives Funding to Demolish Abandoned Manufactured Homes Read More
According to marlindemocrat, a request to site a manufactured home (MH) near the Marlin Men’s Civic Association building led to some confusion at the Marlin (Texas) City Council meeting recently. While city attorney Mike Dixon remembered drafting an ordinance regarding the placement of MH, City Secretary Sandra Herring said no …
In the News: Three of the fastest growing cities are in Texas (Houston, Austin and San Antonio), overdraft fees top $1 billion at the big three banks, college-educated workers took the biggest pay cut last year, and China has over one million millionaires. Meanwhile, the Yahoo Manufactured Housing Composite Value …
MHCV, most Manufactured Housing Stocks Advance in Today’s Trading Read More
Manufactured home (MH) retailer Wisdom Homes of America, Inc. (OTCQB: WOFA), based in Tyler, Texas, is teaming up with Sherman Countryside, LLC to sell MH to consumers who will purchase homesites on land developed by Sherman in six subdivisions comprised of 185 developed lots in Sherman, Texas. Wisdom Homes will …
Wisdom Homes Offering Land-Home Package Deal for Manufactured Homes Read More
Capital One Multifamily Finance secured an interest rate of 4.15 percent in arranging a $5 million Fannie Mae fixed-rate loan for the acquisition of Idle Wheel Mobile Home Park in Woodland, California. According to abladvisor, Damon Reed, Sr. Vice President and Capital One Multifamily’s Director of MHC Finance, arranged the …
While he supports free enterprise in the mortgage market, former Ginnie Mae President Joseph Murin, in a blog on housingwire, says without the federal guarantee offered by the Federal Housing Administration, the Department of Agriculture and Veterans Administration mortgages, the U. S. economy may have fallen farther than it did. …
Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae……… Read More
A modular home being tested in Germany is controlled totally by a smart phone, generates enough energy from solar panels on the roof to power houses on either side and can be assembled in one day. At the end of the test, B10, as the house is known, will be …
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) has completed its acquisition of Structural Composites of Indiana, Inc. (SCI). Based in Ligonier, IN, SCI manufactures fiberglass components for the recreational vehicle (RV) and other industrial markets, according to prnewswire. The net purchase price of $20 million was funded by the company’s credit …
Patrick Industries Finalizes Acquisition of Structural Composites Read More
All three major indices fell over one percent in today’s trading as concerns grew over the impending rise in the interest rate, although it is not definite when the increase will hit. Meanwhile, Time Warner stock rose 7.26 percent on word Charter Communications intends to buy the conglomerate for $55 …
Dow, Nasdaq, and S&P 500 Tumble on Fears of Rate Hike Read More
U. S. Senator David Perdue (R-GA) has introduced legislation to make the Consumer Financial Protection Bureau (CFPB) more accountable by bringing it under the Congressional appropriations process and thereby give it Congressional oversight, according to nationalmortgageprofessional. The CFPB is currently under the Federal Reserve which is beyond the each of …
Georgia Senator Introduces Measure to Harness CFPB Read More
While 90 shipping containers have been repurposed to make the Salam Centre for Cardiac Surgery in Khartoum, Sudan, and 86 containers have created the eight-story Travelodge Uxbridge Central Hotel in London, they are being reinvented in the Tampa Bay (FL) area as modular taverns and restaurants. Tampa architect Brandon Hicks …
Component supplier to the manufactured housing (MH) and recreational vehicle (RV) industries, Patrick Industries, Inc. (NASDAQ:PATK) stock will split 3-2 on the morning of Monday, June 1, 2015, according to what dakotafinancialnews tells americanbankingnews. Shares will be issued to stockholders following the close of the market Friday, May 29. Patrick …
Manufactured Housing Component Supplier Patrick Splitting Stock Read More
In an attempt to help house the homeless and low-income residents of Bithlo, Florida, outside Orlando, Tim McKinney, CEO of United Global Outreach (UGO) has designed a 456 square-foot tiny home that can be assembled with a screwdriver and wrench, meets current hurricane standards, and has a 40-year warranty on …
Old Manufactured Homes and Tiny Homes address the Florida Homeless Read More
The U. S. stock markets are closed today in observance of Memorial Day, honoring those in the nation’s military who served to protect our freedoms. ## (Photo credit: wikipedia commons) Submitted by Matthew J. Silver to Daily Business News-MHProNews.
MHProNews has learned Drew Industries, Inc. (NYSE:DW) President Scott T. Mereness sold 3,803 shares of company stock at $63.50 a share for a total value of $241,490.50, as disclosed in a filing with the Securities and Exchange Commission (SEC). It was not immediately known how many shares Mereness continues to …
At the 3D Printer World 2015 in Burbank, California, Zachary Schoch and Eugene Lee exhibited a prototype of snap-together architecture 3D printed in 18 hours and assembled in ten minutes. The parts for the floor, walls and roof are identical, and all fit into the trunk of a car, according …
3D Structure offers Quick and Economical Assemblage during Catastrophe Read More
