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Patrick Industries-Manufactured Housing Supplier-PATK Investor Relations Spotlights Manufactured Home Industry Challenges, Opportunities

May 30th, 2019 Comments off

 

PatrickIndustriesLogoPATKirManufacturedHousingSupplierSpotlightsManufacturedHomeIndustryChallengesOpportunitiesMHProNews

It has been some times since the Daily Business News on MHProNews took a look under the hood at Patrick Industries.  Patrick (PATK:NASDAQ) is a supplier to the RV, Marine, Manufactured Housing, and other segments of the broader Housing Industries. Their Investor Relations (IR) package is a useful resource in understanding that firm.  But it is also useful in understanding the true picture of the state of manufactured housing, in the context of a broader view of the economy, and other industries, as they compare or relate to manufactured homes potential.

 

This report will be done primarily through slides, from the Patrick IR package.  Some commentary are on select slides, with more below and linked.

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Patrick has facilities positioned close to most major manufactured housing markets. Note that MHProNews has no position in PATK, and is not commenting on them as an investment per se. PATK is one of the companies MHProNews tracks in its evening market report.

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Patrick is not alone to point to the robust economy, notably taking off since the election of President Donald J. Trump. These are positive background facts that ought to point to far more robust manufactured home (MH) sales. Why isn’t MH doing better?

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While RVs and automotive have both taken a dip, there are factors at play in those industries that don’t always apply to manufactured homes. RVs are a ‘luxury’ item for most. Manufactured homes are more commonly purchased as primary housing, or as a secondary home. During an affordable housing, why would RVs outperform MH?

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Note that Clayton Homes, 21st Mortgage, other Berkshire Hathaway connected brands, and the Manufactured Housing Institute (MHI) have been repeatedly invited to comment on, clarify, or refute concerns we have raised in reports like the one linked below.

 

SmokingGunEvidenceOfAntiTrustMonopolisticCollusionMoatClaytonHomesKevinClayton21stMortgageTimWilliamsWarrenBuffettMHLivingNewsMHProNews

In a series of direct quotes in context, a document from 21st Mortgage signed by Tim Williams, and video recorded comments by Kevin Clayton, these all line up to demonstrate how independent retailers, communities, and producers – among others – where purportedly harmed by action that could be deemed an antitrust violation. Why hasn’t Allen told his readers how that cost them money? https://www.manufacturedhomelivingnews.com/bridging-gap-affordable-housing-solution-yields-higher-pay-more-wealth-but-corrupt-rigged-billionaires-moat-is-barrier/

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While the video below doesn’t mention antitrust, it does specify several other federal issues that Clayton Homes, 21st Mortgage Corp, and Vanderbilt Mortgage and Finance (VMF).  Views on this video have more than tripled since it was first promoted by MHProNews.

 

 

Those in the Knoxville metro and Arlington, VA have routinely declined doing so in the past two years, although prior to that, they used to reply promptly to MHProNews inquiries. Why the change?  Were the questions too uncomfortable?

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In 1998, manufactured homes (MH) outsold RVs by some 3 to 2. In 2017, RVs outsold MHs by some 5 to 1. RVs recovered far more quickly from 2008. The facts raise questions. One, is the effectiveness of MHI as the post-production or ‘umbrella’ association in the country. The other question is more sobering. Has Buffett-Berkshire “Moat” strategies kept manufactured home production at historically low levels to allow a few big boy brands to consolidate others at a discounted ‘value’ by MHI insiders?

MHARR Launches “Fighting Discriminatory Zoning Mandates” Manufactured Housing Project

MHARRshipmentProductionMarch2019ManufacturedHousingReportMHProNews

While MHI in their monthly shipment report doesn’t deny the decline, neither are they addressing the underlying causes, nor have they proposed a remedy via their messages to the industry. Why not?

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From the early days of this publication, MHProNews featured content from state associations and both national trade groups.  These sources did not always agree with each other.  That was part of the origin of our phrase, “We Provide, You Decide.” MHProNews provided the comments of MHI, the Manufactured Housing Association for Regulatory Reform (MHARR), and members of MHEC – the Manufactured Housing Executives Council, made up of the bulk of state associations.

 

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MHI, and Berkshire brands were among those that once sponsored this website.  Perhaps due to our questions and reports, they stopped sponsoring and advertising on MHProNews, which is their right. What is not their right are allegations that they obliquely organized a boycott to discourage sponsorship of this site, if true, that could be an antitrust violation.

But as or more important is why would the Arlington, VA based MHI trade group do so, when we were a multiple year MHI member? Why did those who previously praised our work, turn against us? Given that the thrust of our effort for years has been focused on practical solutions for sustainable, ethical manufactured home industry growth, does that provide an insight on the motivations for the Omaha-Knoxville-Arlington axis’ efforts to marginalize MHProNews?

Why doesn’t MHI have this video below, first shown on Fox Business, prominently on their website?

 

 

Rephrased, are these additional pieces of evidence that Berkshire, Knxoville metro based Clayton Homes, 21st Mortgage, and some key MHI members working to suppress the industry’s performance?

That is a logical conclusion is that our reports could led an open-minded researcher to conclude.

Quotes that often come from past or present MHI members – like those that follow – would support that contention.

 

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Allen has pointed out the obvious, that MHARR is a sponsor of our website. But that’s out in the open, MHARR has banner ads here. What Allen fails to mention is that MHI used to sponsor MHProNews too. Our coverage has been based upon our LLC’s own research and work, without favor.

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MHProNews looks at the facts, considers the sources, and follows the evidence. MHI earlier last year, and for years before, MHI routinely replied promptly to all inquiries. But since we’ve spotlighted the problems and concerns, they’ve gone silent. Why? If the facts are on their side, why not make offer a cogent explanation?

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

Ask yourself. Do these Marty Lavin dictums apply in the case of concerns that MHI is posturing effort, but failing to deliver what they claim, in order to promote industry consolidation that benefits a few at the expense of the many?

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Never forget that even during medieval times, castles and their moats were in fact breached.

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The full Patrick presentation is available as a download from this link here.

 

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News has been described as the first draft of history. That’s today’s latest edition to the manufactured home industry’s turbulent history, what we’ve dubbed: “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP or Comments or Letter to Editor in the subject line.

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To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

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Related Reports:

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Manufactured Home Communities’ Dodd-Frank Moment Looms, Senator Elizabeth Warren Takes Aim at Several Manufactured Housing Institute Community Members

John Grissim Guides Author Finger Pointed at 21st Mortgage Corporation, Notorious Tim Williams Letter Cutting Off Retailers

Representative Ilhan Omar’s Bill Would Regulate Manufactured Home Community Owners

 

Senate Democrats – Including 2020 Presidential Contenders – Ask CFPB Protect Consumers Against Predatory Lenders — Point Finger at Clayton Homes, Berkshire Hathaway Lending

Dramatic, But Misleading? Manufactured Home Marketers Eye-View of Recent Tornado Deaths in Oklahoma, Alabama

“Game On” – “Fighting Discriminatory Zoning” “Moral Obligation” Fix “Worsening Nightmare” – State Associations Entering Spotlight

 

Shocking, True State of the Manufactured Housing Industry, plus Solutions for Profitable, Sustainable Growth – May 2019

“Lead, Follow … Or Get Out of The Way”

“The Illusion of Motion Versus Real-World Challenges”

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

 

 

 

 

 

 

 

Insider Action, Earnings Results at Patrick Industries

January 13th, 2017 Comments off
Patrick_Industries__elkharttruth__Emily_Pfund__credit postedDailyBusinessNewsMHProNews

Credit: Patrick Industries.

In a major move at Patrick Industries, Inc. (NASDAQ:PATK), CEO Todd Cleveland sold 10,000 shares of stock on January 6th.

At an average price of $80.16, the total value of the transaction was $801,600.00, per Sports Perspectives.

Post-sale, Cleveland now owns 344,998 shares in the company, valued at approximately $27.6 million.

During its most recent earnings call on October 27th, Patrick Industries reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76. The company had revenues of $304.20 million for the quarter, compared to the consensus estimate of $280.60 million.

The company had a net margin of 4.60 percent and a return on equity of 35.44 percent, with revenue for the quarter up 41.6 percent compared to the same period last year.

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Patrick Industries 1 year view. Credit: Bloomberg.

Overall, we’re pleased with our sales and earnings results for the first nine months of 2016 and optimistic about the continued growth as we head into the remainder of the year, both in the short and long-term as we continue to build on the momentum in the industries we serve,” said Cleveland.

The strategic acquisitions we made during 2015 and thus far in 2016 both increased our scale in existing markets and open the door into new markets within a North American footprint, which is now expanded to 16 states.

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Todd Cleveland. Credit: Patrick Industries.

Cleveland also commented on potential future activity.

Our pipeline continues to be full with acquisition opportunity across all three markets we serve including adjacent markets, and we have the capacity to continue to grow our business and bring new innovative product lines to existing customer base and the customers we’ve not yet reached,” said Cleveland.

In terms of our outlook for the remainder 2016 as we head into the fourth quarter, we expect to see similar seasonal demand patterns experienced in prior years,” Cleveland said.

“Our discipline execution goals, continue to be focused around taking care of the customer base with the highest quality products and customer service opening up capacity to plan our future growth, drive organizational strategic agenda and utilize our capital allocation strategy to strategically grow the business, additionally, our teams align to increase customer awareness of the breath the products we can provide, expand operations in targeted regional territories and drive shareholder value by generating improved operating income, net income earnings per share and free-cash flow.

As Daily Business News and MHProNews readers know, Patrick Industries is a leading manufacturer of building products and materials to the Recreational Vehicle and Manufactured Housing Industries in the United States.  The firm was founded in 1959.

For the most recent closing numbers on Patrick Industries and all MH industry-connected tracked stocks, please click here.  To read about a major award presented to the firm recently, click here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Patrick Industries Previews Q3 2016 Earnings Call, Webcast

October 17th, 2016 Comments off
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Credits, Patrick Industries.

Patrick Industries, Inc. (NASDAQ:PATK), one of the leaders in supplying the manufactured housing, RV and industrial markets, has announced that it expects to release its Q3 2016 financial results prior to the market open on October 27th.

As Daily Business News readers are already aware, Patrick has been in the news recently with the announcement of executive level promotions and their win at the INVESTIndiana Equity Conference, where they took home the 2016 Indiana Public Company of the Year award.

Patrick Industries’ share price has risen significantly over the last year, powered by acquisitions of Parkland Plastics, The Progressive Group, Cana Holdings, Inc., Mishawaka Sheet Metal, LLC, L.S. Manufacturing, Inc. and BH Electronics, Inc.

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Patrick Industries 1 Year Stock Chart. Credit: Bloomberg.

Speaking on Q2 2016 results, CEO Todd Cleveland provided details on future plans.

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Todd Cleveland. Credit: Patrick Industries.

We are pleased with our operating and financial performance in the second quarter, reflecting continued positive momentum both at the wholesale and retail levels in the industries we serve, the impact of the acquisitions we have made over the past several years, and the team’s commitment to driving the execution of our strategic plan,” said Cleveland.

In addition, we continue to increase overall content per unit in both the RV and MH industries through acquisitions and market share gains, and our industrial team continues to expand its presence and territorial coverage.  The acquisitions we have completed in 2016 have afforded us the opportunity to enter into new product spaces and to compete in new markets, expand our customer base, and bring additional value-added product offerings to our customers.

The company expects to host a conference call on Thursday, October 27, 2016 at 10:00 a.m. ET to discuss results and other business matters. Participants on the call will be CEO Todd Cleveland, President Andy Nemeth and CFO Josh Boone.

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Credit: Patrick Industries.

Interested parties can listen to a live webcast of the call on Patrick’s website under “Investor Relations.” A replay of the conference call will also be available via the Company’s investor relations website.

Patrick is one of the various industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.

For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

Patrick Industries investor information:

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

CFO Josh Boone accepts award for Patrick Industries

September 19th, 2016 Comments off
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Credits, Patrick Industries.

Elkhart, IN based Patrick Industries (NASDAQ: PATK), a provider, supplier and producer for manufactured housing, RVs and other industries, received the 2016 Indiana Public Company of the Year award at a banquet at the INVSESTIndiana Equity Conference in Indianapolis.

Companies that were nominated were evaluated on their assets, revenue growth, market performance and total return.

Finishing in second place was another well-known component provider to the manufactured housing and RV industries, Drew Industries, which did $1.4 billion in sales in 2015.  Both companies are part of the Daily Business News’ manufactured housing industry market report.

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The annual award that Patrick Industries won is presented by CFA Society, Financial Executives International. Image credits, InvestIndiana website.

Patrick Industries generated $920 million in revenue in 2015, and employs 4800 people in 60 facilities across 16 states.

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Graphic credits from Patrick Shareholders report.

Company CFO Josh Boone accepted the award on behalf of the company.

We support and empower the creative entrepreneurial spirit of each of the businesses we operate,” the company said in a prepared statement.

Starting in 2010, Patrick has acquired 29 companies with aggregated revenues of $670 million.  They have focused on growth through both operations and acquisitions.

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Through its numerous subsidiaries, Patrick Industries provides:

  • Custom Built Hardwood doors, panels and countertops (Adorn)
  • Granite & Quartz Countertops (AIA)
  • Laminated Panels (Custom Vinyls)
  • Lighting (Gustafson Lighting)
  • Drywall (Patrick Distribution)
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Logo credits, Patrick website.

As thousands of MHProNews readers know, Patrick Industries is a leading manufacturer of building products and materials to the Recreational Vehicle and Manufactured Housing Industries in the United States.  The firm was founded in 1959.

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While each of the documents attached below provides significant insights into the company’s operations, the 2016 shareholders presentation has a wealth of graphics and snapshots of Patrick and the industries they serve.  Many of the graphics on this page came from their 2016 shareholder presentation.

Patrick also supplies many of its products to the industrial market that include customers in the kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. ##

(Image credits, Patrick)

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RC WIlliams, for Daily Business News, MHProNews.

Submitted by RC Williams for the Daily Business News, MHProNews.

 

Millions in Insider Trades at Drew and Patrick Industries

August 23rd, 2016 Comments off

mh_chassis___wikipedia_credit postedDailyBusinessNewsMHProNewsCEO of Drew Industries, Inc., Jason Lippert sold 10,000 shares of the stock in a transaction Aug. 18, 2016 at an average price of $99.93 for a total value of $999,300.00, which leaves him with 145,485 shares of company stock valued at $14,538,316.05.

Citigroup, Inc. raised their target price on Drew, according to thecerbatgem, from $85.00 to $110.00 and gave the stock a “buy” rating on Monday, Aug. 15.

Drew (NYSE:DW) declared a quarterly dividend of $0.30 which will be paid on Fri., Sept. 2, 2016 to shareholders on record as of Aug. 19.

MHProNews knows Drew supplies component parts to the manufactured housing and recreational vehicle industries across the U. S. and in Europe.

Meanwhile, across the street in Elkhart, Indiana, Andy Nemeth, President of Patrick Industries, Inc. (NASDAQ:PATK) sold 4,000 shares of company stock at an average price of $65.04 for a value of $260,160, leaving him with stock valued at $4,423,270.

On Aug. 19, Jeffrey L. Et Al Gendell sold 175,000 shares of PATK stock at an average price of $63.96 for a transaction valued at $11,193,000. Gendell now owns stock valued at $67,569,838, according to fidaily.

Director Capital Partners L. P. Tontine sold 29,000 shares at an average price of $61.43 on Fri. the 12th, resulting in a value of $1,781470. That brings the Director’s holdings to $75,647,298.

As MHProNews understands, Patrick is also a component supplier to the manufactured housing and recreational vehicle industries. ##

(Photo credit:wikipedia–manufactured home frame/chassis.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Patrick Completes Acquisition of BHE, another Thermoformed Producer

August 1st, 2016 Comments off

Patrick_Industries__elkharttruth__Emily_Pfund__credit postedDailyBusinessNewsMHProNewsComponent supplier to the manufactured home and recreational vehicle industries, Patrick Industries, Inc. has finalized the acquisition of BH Electronics, Inc. (BHE) of Munford, Tennessee, according to what prnewswire tells MHProNews.

From five facilities in the southeast, BHE designs and produces custom thermoformed dash board and console assemblies, as well as complete electrical systems, for recreational boat manufacturers through out the U. S.

The company’s estimated revenues for 2016 are forecast to be $35 million, the same figure that Patrick (NASDAQ:PATK) paid for the company in cash. The company expects the acquisition to be immediately accretive to this year’s income.

Andy Nemeth, president of Patrick, said, “Consistent with previous acquisitions, we will support BHE with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success.”

BHE will continue to operate under its own name out of its five locations in Tennessee and Georgia.

As MHProNews posted July 7, 2016, Patrick acquired another thermoformed plastics producerr, Vacuplast, LLC, d/b/a LS Manufacturing, Inc. ##

(Photo credit: elkharttruth/Emily Pfund-Patrick headquarters in Elkhart, IN)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News July 24-July 31, 2016

July 31st, 2016 Comments off

MHProNews_3 Sunday Morning recap postedDailyBusinessNewsMHProNewsWhat’s New in public focused Manufactured HomeLivingNews.com

NIMBYism? Debunking Myths About Manufactured Home Communities (aka ‘Mobile Home Parks’)

What’s New in Manufactured Housing Industry Professional News

FEMA moving manufactured homes into four W. VA. Counties. CFPB proposes clarification of Know Before You Owe. Patrick’s revenues rise 35%. Sun’s stock projected to rise 67%. Robot lays brick at super human speed. Desire for homeownership remains strong. MHARR awaits formaldehyde rules. MH industry grows despite negative image. MH Community owner sued by Penn. attorney general. Homeless in IN town get Tiny Homes. Maine manufactured home community growing. Commodore acquires manufactured home builder in Wis. MHARR smells collusion in DOE proposal. Modular container homes going to First Nation peoples in Canada. Lender offering one percent down on home purchase. Sun drawing institutional investors. Habitat for Humanity, air base, team to replace caregiver’s manufactured home. Plus, news and views for yhou to peruse as you make your MH-related industry decisions.

Saturday, July 30, 2016

CFPB Tries to Clarify Know Before You Owe, but Lenders Still See Glitch

Friday, July 29

Patrick’s Sales Rise 35% in Q2; NOI Increases 37%

FEMA Moving Manufactured Homes into two Additional West Virginia Counties

NeighborWorks Achieving Excellence Program Teaches Leadership

Carlyle Group Leads Gainers; MHCV Slips to 1380.4

Sun Communities Stock hits New High, but Projected Higher

Robotic Bricklayer Lays 225 Bricks/Hour. On Tap: 1000 Bricks/Hour

Thursday, July 28

MHARR Braces for EPA’s New Formaldehyde Ruling

Desire for Home Ownership Remains Strong

NorthStar Tops MH-related Gainers; UFPI Slips -0.99 Percent

Singapore Building Four Blocks of Modular Housing

While Negative Perceptions of MH Persist, the Industry Grows says Seeking Alpha

Pending Home Sales Index Inches Up in June

Wednesday, July 27

Pennsylvania MH Community Owner Sued for not Paying Relocation Costs

Tiny Homes Arrive in Muncie, IN to House Homeless

Planning Commission Approves Siting of Two Manufactured Homes

Patrick Industries Moves Up; Nobility and Carlyle fell the Most

Maine Manufactured Home Community Expanding

Site-built Home Sales Looking Good. Can it Continue?

Tuesday, July 26

Commodore Corporation Acquires Canadian American Homes of Wis.

Resident: Site Manufactured Homes on Vacant lots for Hillcrest Neighbors

MHCV Nudges Up as Dow Edges Down

MHARR Continues Tirade over HUD/MHI/DOE Collusion

First Nation People in Canada getting Modular Container Homes

Sun Communities Draws Hedge Fund Investors

Mon. July 25

One Percent Down Could Put You in a Home

Dow Jones Slips; MH-related Stocks Similarly Quiet

Habitat Teams with Air Base to Replace Special Needs Caregiver’s Manufactured Home

Politically Tarnished Philadelphia Prepares for Democratic Convention, Demonstrators

Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016

July 24th, 2016 Comments off

MHProNews_3 July 17-July 24 2016 postedDailyBusinessNewsMHProNewsWhat’s New in public focused Manufactured HomeLivingNews.com

The Aha! Moment – Entertainer’s Delight LifeStyle Model Home Video Tour

Proud to be American, God Bless the USA, Lee Greenwood Music Video, Interview

What’s New in Manufactured Housing Industry Professional News

Trump’s acceptance speech unexpectedly draws favorable response on CNN. New Jersey modular builder draws charges of fraud. Hotel in UK will be modular. Texas city denies MHC development; DJ Pendleton objects. After spending billions, Dodd-Frank leaves muddy trail. 22 million tune in to Republican National Convention. Patrick Ind. creating 60 jobs. Housing starts rise in June, builder confidence slips. Hispanic leaders choose Trump over Clinton. Laramie, WY updating antiquated MH regulations. Sweden wants modular homes for immigrants. FEMA seeking MH sites for flood victims. And much, much more in news and views for manufactured home professionals to peruse.

Saturday, July 23, 2016

New Jersey Home Improvement Firm Accused of $1.1 Million Fraud in Modular Home Scam

Friday, July 22

CNN Instant Poll on Donald Trump GOP Nomination Acceptance Speech Fuels Twitter Commentary

MH Component Supplier Drew to Discuss Q2 Financials

UFPI Gains 5.59 Percent; Dow Returns to Positive Territory

Wyoming City Finally Settles on MH and RV Ordinances

UK Hotel will be Modularly Built

First Time Home Buyers Returned in June

Thursday, July 21

Texas Commissioners Deny MHC App, Prompting DJ Pendleton to Come out Swinging

Manufactured Home Community Changes Hands in Pennsylvania

Dow Jones Ends Run-up; UFPI Falls -2.31 Points

The Dodd-Frank Legacy: Billions Spent, More Designated, Questionable Gains

Petitioners in Ill. City Seek Special Use Permits for MH Sitings

UMH Properties, Inc. Stock being Pursued

Wednesday, July 20

22 Million Tune into GOP Convention; the Media Rundown

Patrick Industries Subsidiary Creating 60 Jobs in Mississippi

Dow Jones Continues Upward; Louisiana-Pacific Tops MH-related Stocks

Hedge Funds Upping Stake in Drew Industries, Inc.

Housing Starts, Single-family Home Construction Shows Promise in June

Builder Confidence Index Slips in July, but Still in Positive Territory

Tuesday, July 19

ELS Q2 2016 Indicates Revenue, Income and Community Growth

Large Religious Camp Seeking Manufactured Homes for Participants

MHCV Falls -5.78 Percent; Dow Jones Continues Flying Higher

Despite the Bashing, Hispanic Politicos Endorse Trump as Stronger than Clinton

Two Tornado-struck Families Receive Gifted Manufactured Homes

Laramie, WY Updating 50-year old Manufactured Home Regulations

Mon. July 18

Canadian City to Deal with MH Community Rezoning, Hold Housing Forum

Cavco Industries tops Today’s Gainers, as Dow Rises ever Higher

Sweden wants to Site Modular Homes on Tiny Island

FEMA Set to Site Manufactured Homes for Flooding Survivors

Seattle has Tiny Homes, but without Prices to Match

Sunday Morning Recap-Manufactured Housing Industry News July 10-July 17, 2016 ##

(Photo credit:MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily business News-MHProNews.

Patrick Industries Subsidiary Creating 60 Jobs in Mississippi

July 20th, 2016 Comments off

AIA_Countertops__Patrick_subsidiary postedDailyBusinessNewsMHProNewsA division of Patrick Industries, Inc.,a component supplier to the manufactured home and recreational vehicle industries, is investing $600,000 and creating 60 jobs, building a facility to produce countertops in Baldwyn, Mississippi, according to bizjournals.

With a scheduled beginning of operations in Sept., 2016, AIA Countertops is a large, natural stone, quartz and solid surface fabricator for the residential, commercial, recreational vehicle and marine industries.

Of the locating of AIA in Lee County, Gov. Phil Bryant said, “I know the skilled, productive workforce found in North Mississippi will ensure AIA enjoys many successful years in our state.”

As a supplier to the MH market, Patrick’s daily stock is covered in MHProNews‘ Daily Business News stock report, click here. ##

(Logo credit: AIA Countertops)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J silver to Daily Business News-MHProNews.

 

 

Sunday Morning Recap-Manufactured Housing Industry News July 10-July 17, 2016

July 17th, 2016 Comments off

MHProNews_Sunday_morning_recap_7-2016 postedDailyBusinessNewsMHProNewsWhat’s New in public focused Manufactured HomeLivingNews.com

Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality

Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches

What’s New in Manufactured Housing Industry Professional News

Section 8 vouchers good for buying manufactured home. CBO: U. S. taxing itself into more debt. Large manufactured home community planned in southwestern Louisiana. Manufactured Housing Association for Regulatory Reform slams DOE proposal as a sham. Sun hires Xactly to streamline compensation. CFPB Director Cordray survives challenge to appointment. Calls for housing finance reform continue. Down under firms collaborating on modular homes. Fort Meade MHC looking for professional management. New Zealand government providing low-income modular housing. Pennsylvania town planning modular subdivision. House appropriations bill includes alteration to CFPB. News, views and information you can use in your professional life.

Saturday, July 16, 2016

Pine Ridge Manufactured Home Community gets Green Light to Expand

Friday, July 15

Patrick Stock has Risen +58.35 Percent in Seven Months

Dow Slips from Record High; Deer Valley Corp. Tops Gain Column

Senate Passes Bill to Allow MH Purchase with Section 8 Vouchers

Congressional Budget Office: America Taxing Itself into Poverty

Manufactured Home Ordinance Redefines MH Registration in South Carolina

Large Manufactured Home Community Planned for Southwestern Louisiana

Thursday, July 14

Drew Industries Included in Top 50 U. S. Manufacturers

Gas Furnaces in some New Mexico MH Pose Risk

NorthStar Advances 2.28%; Dow gains 134 points, Hits New High

MHARR Issues a Call to Arms to Defeat the Enactment of DOE’s New Proposal

RV and Mfg. Home Hall of Fame Museum on Indiana Must Visit List

HUD Funding Local Housing Authorities to House Homeless Vets

Wednesday, July 13

Sun Communities Aims to Streamline Compensation and Enhance Workflows

CFPB Director Cordray’s Rulings Pre-Confirmation Survive Challenge

Calls for Housing Finance Reform Continue to Resound

MHCV Ends Day above 1500; Patrick Falls more than other Tracked Stocks

Aussie and New Zealand Firms Collaborate on Modular Homes

Hedge Funds Trading in Shares of Sun Communities

Tuesday, July 12

Newby Management considered for Fort Meade’s MH Community

Revolution Pre-Crafted Properties launched Classy Modular Homes for Masses

Manufactured Housing Composite Value passes 1525, but Investors Keep selling

425,000 more Underwater Borrowers now Floating again

New Zealand Government Providing Modular Affordable Housing

Mon. July 11

PA Town Siting Modular Homes in New Subdivision

House Passed Appropriations Measure would Alter Funding and Leadership of CFPB

NorthStar Realty Finance Tops Leaders again, Advancing +4.97%; Deer Valley Drops -11.75%

Home Construction Industry Still Lacking Qualified Workers

Retailer Offering Free Seminar on New MH and Modular Construction

Sunday Morning Recap-Manufactured Housing Industry News July 3-July 10, 2016 ##

(Photo credit:MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.