Drew Industries Sets Sales Record for Q2 2013
Drew Industries, Inc. reports sales for Q2 2013 increased to a record $287 million, a 14 percent increase over the same period in 2012, resulting in net income of $15.9 million, not including an...
View ArticleManufactured Housing Industry Gains in Easing Lending Restrictions
In its continuing attempts to amend rules that inhibit lending to the manufactured housing market, the Manufactured Housing Institute (MHI) says the Consumer Financial Protection Bureau (CFPB) released...
View ArticleUniversal Forest Products Unveils New Building System
An affiliate of Universal Forest Products, Inc. has developed the Intact Structural Frame building system that connects the roof to the foundation, providing an exoskeleton that will resist seismic,...
View ArticleGSE Reform may be Overshadowed by Shutdown and Debt Limit Debates
As Congress returns from its recess it has a plate full of Syria, possibility of a government shutdown Sept. 30, expiring Farm Bills to consider, and the divisive Keystone pipeline. Unless Congress can...
View ArticleUFPI to Post Q3 Results
Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q3 2013 financials Thursday, Oct. 17, at 8:30 AM EST. Headquartered in Grand Rapids, Michigan, as MHProNews knows the company supplies the...
View ArticleMHARR’s HUD/MHI Missive: on the record, “No Comment,” but off the record…
MHARR’s president “broadsided” HUD – as well as MHI – on Thursday, January 29th with an emailed release. The timing seemed odd, observers told MHProNews, as this took place in the immediate aftermath...
View ArticleFree Manufactured Housing Finance, Business Seminars and Forecast
Some 2100 +/- manufactured housing industry professionals from all segments of the industry are expected at the 2014 Tunica Manufactured Housing Show. Registrations have come in from states coast to...
View ArticleHome Ownership for Millennials could Lead to Manufactured Homes
Noting that the current rate of homeownership of 63.8 percent is the lowest since 1989, A. Mechele Dickerson writes in nationalmortgagenews that the housing industry needs to be more creative in the...
View ArticleHousing Starts, Permits Hit Eight-year High
In good news for the housing industry, the U. S. Department of Commerce reports housing starts spiked 26.6 percent in June and housing permits markedly rose 30 percent over a year ago, both notching...
View ArticleSunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016
What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town...
View ArticleBlueLinx Raising Money
As GlobeNewswire reports, in order to take advantage of the improving economy and growth of the new home construction market, BlueLinx Holdings Inc. (NYSE:BXC) of Atlanta has filed a planned rights...
View ArticleNAHB President Responds Favorably to QM Rule
Responding to the qualified mortgage rule issued by the Consumer Financial Protection Bureau (CFPB), the National Association of Home Builders’ (NAHB) president, Barry Rutenberg noted the balance...
View ArticleNCC’s Lentz: Attend Legislative Conference to Show Support
In a letter obtained by MHProNews addressed to members of the National Communities Council (NCC), Chairman David B. Lentz states members can overcome the challenges and embrace the opportunities...
View ArticleDrilling is Good for Factory-built
The timesunion reports 40 housing modules are on their way from the Port of Albany, in New York, to St. John’s, Newfoundland, Canada for housing offshore drilling workers. Manufactured by a Champion...
View ArticleMHI’s Conference Offers Top Speakers
Several Washington insiders have been invited to speak at the Manufactured Housing Institute’s (MHI) Legislative Conference and Winter Meeting Feb, 24-26 in Arlington, VA. The lineup includes Byron...
View ArticlePassages: Edward J. Hussey, Sr.
MHProNews has learned of the death of Ed Hussey, Sr., 95, president and chairman of the board of Liberty Homes, of Goshen, IN for over 40 years. An outspoken advocate and strong supporter of the...
View ArticleUFPI Income Quintuples over Prior Year
MHProNews has learned from BusinessWire, Universal Forest Products, Inc. (UFPI), component supplier to the manufactured housing industry, posted net sales for 2012 of $2.1 billion, 12.8 percent better...
View ArticleMeasures before the Texas Legislature
MHProNews has learned from the Texas Manufactured Housing Association (TMHA) of the four measures in the hopper of the Texas Legislature that could affect the factory-built housing industry. HB 578...
View ArticleMake Stick the Niche
As modularhomecoach tells MHProNews, in blasting the lack of positive PR for the modular housing industry, the blog says neither the National Association of Home Builders (NAHB) nor the Modular...
View ArticleMH Component Supplier to take over former MH Plant
As statesmanjournal informs MHProNews, the Silverton (Ore.) Planning Commission voted to approve an application by Universal Forest Products, Inc. (UFPI) to move into the former Champion Homes’ Redman...
View ArticleMH Shipments Record 1st Increase in Five Months
MHProNews has learned from the Manufactured Housing Association for Regulatory Reform (MHARR), according to data from the Dept. of Housing and Urban Development (HUD), for the first month since Sept....
View ArticleUniversal opens Cabinet Shop
The charltoncountyherald reports from Folkston, GA in the southeastern corner of the state that Lifestyle Cabinetry, a division of Universal Forest Products, Inc. (UFPI), will be opening soon in the...
View ArticleJobs Market Improving Modestly but Steadily
CNNMoney says ADP reports the private sector added 198,000 jobs in Feb., much more than the 150,000 economists were expecting, but well short of the 300,000 needed to fully stimulate the economy. Small...
View ArticleFallout from the Improving Housing Market
The nytimes informs MHProNews the turnaround in the housing industry has led to such a shortage of existing homes for sale that would-be buyers in some areas are reluctant to list their homes for fear...
View ArticleHearings Held on Housing Finance Reform
The Manufactured Housing Institute (MHI) informs MHProNews hearings were held March 19 by both the House and the Senate on housing finance reform. Texas Chairman of the House Financial Services...
View ArticleElkhart Tops the Nation
RVBusinses informs MHProNews Elkhart County, Indiana led the nation in job growth for the period Sept 2011 to Sept. 2012 for the largest U. S. counties, with 6.9 percent versus the national rate of...
View ArticleRising Wood Prices could Hamper the Housing Market Recovery
MHProNews has learned from the National Association of Home Builders that House Resources Committee Chairman Rep. Doc Hastings (R-Wash.) has drafted legislation that would increase timer production on...
View ArticleUFPI reports best 1st Quarter Profits in Seven Years
According to BusinessWire, Universal Forest Products, Inc. (UFPI), in noting the best first quarter profits since 2006, reports net sales of $554.5 million for the first quarter of 2013, up 21.3...
View ArticleNational Industry Leaders Honored at 2013 Congress and Expo
Individuals and companies were honored for outstanding achievement in the manufactured and modular housing industry at the 2013 National Congress and Expo awards luncheon held in Las Vegas April 17,...
View ArticleUFPI Reports Dividend
StreetInsider reports Universal Forest Products, Inc. has declared a semi-annual dividend of $0.20 a share, $0.4 annualized. Payable on June 15 , 2013 to shareholders of record as of June 1, 2013, the...
View ArticleAmendment to High Cost Lending Provision has Bi-partisan Support
According to what the americanbanker tells MHProNews from Washington, a bipartisan group of lawmakers is attempting to amend a provision that will adjust the thresholds of high-cost loans under the...
View ArticleManufactured Housing Institute Issues Action Alert
The Manufactured Housing Institute (MHI) has sent an urgent action alert to members of the manufactured housing industry to contact their Congressional representative and ask for their co-sponsorship...
View ArticleLouisiana Pacific Industries Sales Rise 48.6% over Q1 2012
NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a...
View ArticleImmigration Reform Could be Boon to Housing Industry
According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by...
View ArticleMultifamily Sector Continues Rebounding
Where any number over 50 indicates more builders see the market as improving rather than getting worse, the National Association of Home Builders (NAHB) Multifamily Production Index (MPI) dropped two...
View ArticleUK Engineer has Unique Modular System
Unlike the prefabricated housing that dominated the industry after WWII, SpineLock Living in Mansfield has developed a modular system the company’s CEO Derick Wilson hopes will revolutionize home...
View ArticleThreat to Industry Needs to be Addressed
In an appeal from the Manufactured Housing Institute, MHI Chairman Nathan Smith says unless the Preserving Access to Manufactured Housing Act (H.R. 1779) becomes law, low-to-moderate income prospective...
View ArticleCavco Completes Acquisition of Fleetwood
Phoenix, AZ-based Cavco Industries, Inc., which owns 50 percent of Fleetwood Homes, Inc., has agreed to acquire the other 50 percent from Third Avenue Value Fund and an affiliate, according to...
View ArticleNew Executive Director for Alabama Manufactured Housing Association Announced
The Alabama Manufactured Housing Association (AMHA) has announced the decision of their board of directors to promote Doris Hydrick to the position of Executive Director as of July 1, 2013. Ms. Hydrick...
View ArticleManufactured Housing Component Supplier puts Project on Hold
As follow-up to a story MHProNews posted Feb. 27, 2013 concerning Universal Forest Products, Inc. (UFPI) taking over a former manufactured housing facility in Silverton, Ore., city officials now say...
View ArticleGlowing MH Industry C-Suite Interviews
The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn...
View ArticleModular Housing Development Planned for United Kingdom
The Spinelock Group in Mansfield, England is planning its first development of 18 energy efficient, modular homes in the central part of the country. Each home is comprised of four modules and when...
View ArticleDrew Draws Top RV Industry Number
Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert...
View ArticleManufactured and Modular Home Sales Rise in the North
Growing faster than any other segment of the housing industry, the Building Systems Council in Nova Scotia, Canada says manufactured and modular home sales comprise 7-8 percent of the total housing...
View ArticleNational Association of Home Builders Sounds the Alarm
The U.S. Senate is considering rewriting the tax code which could eliminate housing tax incentives and thereby negatively affect all home residential construction businesses as well as home values,...
View ArticleIowa PAC Produces Results for the Manufactured Housing Industry
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), reports the Manufactured Housing Political Action (MHPAC) fund has raised $16,655 this year. He says the fund...
View ArticleManufactured Housing Component Producer Grows
Lippert Components, Inc., (LCI), a subsidiary of Drew Industries, Inc., has acquired certain assets and the engineering team of Midstates Tool and Die and Engineering, Inc. in Elkhart, Ind. Now renamed...
View ArticleExemption for certain Manufactured Housing Appraisals on Tap
On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for...
View ArticleIowa Climbing Back from Low Manufactured Home Sales
While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for...
View ArticleSunday Morning Weekly Recap Manufactured Housing Industry News August 6th to...
Our new August issue will go live tonight, Aug 6th. Our featured articles will be available on the MHProNews.com home page. Our August theme will be available mid-week this week. To see the line-up...
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