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 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
The Louisville-based non-profit, Next Step Network, is partnering with the manufactured housing (MH) industry, lenders, retailers, utilities, other nonprofits and public stakeholders to increase access to ENERGY STAR homes with flexible financing for Kentucky residents of manufactured homes. Manufactured homes account for 13.6 percent of Kentucky’s housing stock. The goal
Kentucky Collaboration will Provide ENERGY STAR Manufactured Homes Read More
Since 1989, NB Wood Products in Ford City, Pennsylvania has produced handrails, moldings, kitchen cabinets and other custom wood items, primarily for the manufactured home industry. Starting with raw maple, red oak, hickory, ash and cherry hardwoods, NB Wood Products uses computer-driven woodworking equipment and a sophisticated finishing system to
Manufactured Housing Component Supplier expects Uptick Read More
A couple in Hermiston, Oregon who own four manufactured homes saw their property tax increase 65 percent from 2013 to 2014 on one of the homes, a 1970 Golden West model at Vista Park Mobile Home Park. Umatilla County Tax Assessor Paul Chalmers says it was an anomaly, that the
Couple Questions Tax Increase on pre-HUD Code Home Read More
Aries Building Systems of Texas, builder of modular schools, multifamily housing and hospitals is expanding into Oregon and the northwest. From its headquarters in Bellevue, Washington, the company will have facilities in Bend, Oregon and Vancouver, Washington. Aries plans to focus on custom and standard temporary and permanent modular buildings,
Modular Building Producer Expanding into Northwest Read More
In Mountain View, California Rod Fox and Emily Gwynn left their $2,540/month, 800 square-foot apartment and moved to a 1,370 square foot manufactured home (MH) in Adobe Wells Mobile Home Park in Sunnyvale, CA. In the Bay Area, where median home prices hit $782,000, they are paying about the same
Manufactured Homes a Bargain in Bay Area Read More
On baseball season’s Opening Day, despite the disappointing jobs report Friday that the economy only added 126,000 jobs in March, the lowest number since the end of 2013, oil prices jumped six percent as Saudi Arabia raised its price to several Asian nations. The Dow Jones Industrial Average nudged up
MHCV Nudges up; Dow, NASDAQ and S&P Gain Less Read More
