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.
As follow-up to a post MHProNews reported Sept. 24, 2014 regarding the stand-off between Forest City Ratner and Skanska over the 32-story Brooklyn modular housing complex—now called Pacific Park Brooklyn– partially completed, theguardian states construction will resume. Forest City had accused Skanska of cost overruns, while Skanska leveled charges of […]
Brooklyn’s B2 Modular Tower to Resume Minus Modular Read More
The Mobile Home Review Board in Vista, California was created by the city to hear disputes between manufactured home community residents and community owners, and to encourage fair treatment, as thecoastnews informs MHProNews. Three residents of the Green Valley Mobile Home Park had a hearing with the board April 2,
Review Board agrees with Manufactured Home Community Owner Read More
On the Big Board, corporate America is celebrating that Cuba will be removed from the terrorist list, as investors pushed the Dow Jones Industrial Average over the 18k mark, gaining +98.22 points, +0.55 percent, to end the week at 18,057.65. The NASDAQ moved up +21.41points, +0.43 percent, to close at
MHCV Slips as Investors Drive the Dow, NASDAQ and S&P into Positive Territory Read More
Noting that HUD Code manufactured homes can withstand winds up to 120 MPH, and that it’s the add-ons, typically a carport or porch, that may present a danger during windstorms, Victor Frost of Fairfield Homes and Land gives this analogy: “It is like opening a pop top can where you
MH Retailer Fairfield Homes and Land High Standards attract local media attention Read More
As MHProNews has reported in years past, the Manufactured Housing Recreational Vehicle (MHRV) Show Association will once again roll out the Grand Puyallup RV Show at Washington State Fair Events Center/Puyallup Fairgrounds in Puyallup, Washington April 30-May 2, 2015. Back by popular demand, this year’s show will also include three
Opening Day is Manufactured Housing Day Read More
Manufactured housing component supplier Drew Industries, Inc. (NYSE:DW), of Elkhart, Indiana, has informed MHProNews that Joseph S. Giordano III, will be leaving his posts as treasurer and Chief Financial Officer (CFO) as of Aug. 31, 2015 to pursue other business opportunities. He joined Drew as Corporate Controller in 2003, and
Executive Change at Manufactured Housing Component Supplier Read More
The Manufactured Housing Institute (MHI) informs MHProNews it is imperative industry stakeholders and members contact their representative in Congress to urge them to vote for the Preserving Access to Manufactured Housing Act (H.R. 650) that is expected to hit the House Floor Tuesday. D.C.-based consumer groups are working on the
Tell your Congressional Representative to Vote Yes on H. R. 650 Read More
MHProNews has learned from santaclaritafree that Santa Clarita, California resident Douglas Fraser is trying to rally residents to lobby city council on several issues he says the council has ignored, including one regarding site rents at manufactured home communities (MHCs). He is reaching out to others who also have issues,
Resident wants to Challenge Manufactured Home Site Rents Read More
On the Big Board, investors saw signs of a Spring economic uptick as the Dow Jones Industrial Average advanced +56.22 points, +0.31 percent, to end the day at 17,958.73. The NASDAQ moved up +23.75 points, +0.48 percent, to close at 4,974.57, while the S&P 500 gained +9.28 points, +0.45 percent,
MHCV Slips as Investors Push the Dow, NASDAQ and S&P Slightly Up Read More
As part of Mobile, Alabama’s Neighborhood Renewal Program, the city sited two new modular homes on property it owns and will sell the homes to a non-profit that will then offer the homes to low income families, as WSFA-TV informs MHProNews. Each home is 750 square feet with two bedrooms
Mobile Alabama Sites Two Affordable Modular Homes Read More
As growing populations and housing shortages continue to confound especially urban planners, one solution lies in modular fabrication, as theguardian informs MHProNews. While proponents say this method is the way forward because it is energy efficient, allows for more quality control and savings in time and energy, and produces less
Modular Building: Front End Savings, but Long Term Sustainability? Read More
According to what bismarcktribune tells MHProNews, credit unions in North Dakota are lending at a higher rate than other financial institutions. However, in western North Dakota where affordable housing is crucial due to the rapid influx of workers in the oil fields, loans for manufactured homes (MH) are increasingly more
Manufactured Home Loans Tough to Find in North Dakota Read More
Australia’s prefabAUS CEO Warren McGregor says the major challenge in accepting modular construction methods involves altering preconceived notions that modular design is uninspired. He states, “The single biggest challenge [in embracing prefabrication] will be the change of mindset involved, and this change needs to be widespread, including clients, contractors, architects
Potential for Modular Methods Down Under is Growing Read More
In financial news, minutes from the Federal Reserve’s March meeting indicates more caution in raising interest rates because of fears of a possible slowdown in the economy. Rates may not be set free until the Fall. Meanwhile, former NYC Mayor Michael Bloomberg has pledged $30 million more to reduce the
MHCV Notches Gain; Fed may Extend Brakes on Interest Rates Read More
At a public hearing Tuesday morning, April 7, the Jasper (Ala.) City Council delayed a request for a zoning change that would have allowed a multi-section manufactured home (MH) to be sited after a neighbor opposed the change to R-3, affordable housing. Sharon Harris, who lives adjacent to the property
City Council Tables Voting on Manufactured Home Siting Read More
Berkshire Hathaway, parent company of manufactured homes giant Clayton Homes, is purchasing a $560 million stake in Axalta Coating Systems, a subsidiary of private equity giant The Carlyle Group, which also has an interest in manufactured homes. According to Forbes, Axalta, which provides coatings for automobiles, SUVs and commercial vehicles,
Two Financial Titans Have Fingers in the Pie of Manufactured Housing Read More
MHProNews has learned from PRNewswire that M. Scott Welch has been appointed to the Board of Directors of Patrick Industries, Inc. (NASDAQ:PATK), an Elkhart, Indiana-based major component supplier to the manufactured housing and recreational vehicle industries. Welch is the President and CEO of Welch Packaging Group, one of the largest
M. Scott Welch Joins Patrick Industries Board Read More
As housingwire informs MHProNews, the latest report from CoreLogic says home prices nationwide rose 5.6 percent in Feb. 2015 over Feb. 2014, but increased only 1.1 percent from Jan. 2015 to Feb. 2015, indicating home price growth may only be temporary. Analysts are concerned that stagnant wage growth may hold
Home Prices have Risen Monthly for over Three Years Read More
Following up on an article MHProNews published April 3, 2015 regarding the continuing rise in new HUD Code manufactured home shipments, we have learned from the Manufactured Housing Institute (MHI) shipments of single-section homes rose 13.6 percent and multi-section increased 6.1 percent Feb. 2015 over Feb. 2014. Total floors shipped
Single and MultiSection Manufactured Home Production up in February Read More
Oil prices buoyed the market’s rise in yesterday’s trading but slipped -1.5 percent today. The Dow Jones Industrial Average nudged down -0.03 percent in today’s trading, -5.43 points to close at 17,875.42. Meanwhile, the Nasdaq slipped –0.14 percent, -7.09 points to close at 4,910.23, while the S&P 500 similarly fell,
MHCV Nudges Down; Dow, NASDAQ and S&P also Fall Read More
