Coming out in support of a government commissioned review, Zing Mortgages director Paul Flavin said that the introduction of a more affordable modular housing package was needed to encourage investors to return to a market where some yields in the United Kingdom (UK) have fallen to unsustainable lows. “I am …
Noteworthy headlines on CNNMoney – Widespread outage hits Twitter, Netflix, others. AT&T in talks to buy Time Warner. WSJ seeks “substantial number” of buyouts. Big comeback for McDonalds continues. Some bullets from MarketWatch – The stock market is caught deep inside “no man’s land.” Microsoft’s stock sets record as analysts …
NorthStar Realty, Skyline Lead, Up on MHCV, Broader Markets Mixed Read More
Clayton Homes announced this week that all 36 of its home building facilities in existence in 2015 have attained International Organization for Standardization (ISO) 14001 registration. The registration means that Clayton has implemented the necessary sustainable-building guidelines required by the ISO. The company achieved the distinction of being the first …
In Addison County, Vermont, the issue of affordable housing is significant. With a vacancy rate of less than one percent, local officials and agencies were looking for solutions. According to mychamplianvalley, they believe they’ve found it in a new development, McKnight Lane, located in Waltham. “What can we do better? …
Affordable, Energy-Saver Manufactured Homes Come To The Northeast Read More
Residents in the northeast district of Hutchinson, Kansas have raised objections to a city council vote approving the seeking of a grant for the development of 16 moderate income apartments in the Hampton East area. According to the Hutchinson News, council member Jade Piros de Carvalho, who represents the northeast …
Noteworthy headlines on CNNMoney – Top Fed Official: Big banks ‘eroded’ America’s trust. U.S. to Swiss banks: Please let Americans open accounts. Verizon: We’re ‘still evaluating’ Yahoo deal. About 70 million watch final presidential debate. Some bullets from MarketWatch – Existing-home sales jump higher in September, helped by first-time buyers. …
UFPI and UMH buck trend – as MHCV, Broader Markets Down – Oil Hit Hard Read More
As part of their “Election Center” feature, the National Federation of Independent Business (NFIB) has published Who Will You Choose? Presidential Issue Comparison, that analyzes each candidates position on issues that are important to small business. The data is pulled directly from candidates’ plans. NFIB notes that they don’t endorse …
NFIB By The Numbers: Trump, Clinton and Small Business Read More
Commissioners in Eddy County, New Mexico have approved an ordinance that would allow officials to keep track of manufactured homes being placed in the county, according to the Carlsbad Current-Argus. Under the ordinance, which passed with a 4-1 vote, a permit would need to be sought before placing a manufactured home. …
According a report from the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research, of the 132.42 million homes that existed in the U.S. in 2011, 98.8 percent (130.85 million) were still there two years later. The report, entitled Components of Inventory Change: 2011-2013, and …
Noteworthy headlines on CNNMoney – Why Elizabeth Warren is working Wall Street (DBN coverage of Warren at Wells Fargo hearings here). Obamacare enrollment projected to grow 9% in 2017. Saudi Arabia borrows $17.5 billion from global investors. Some bullets from MarketWatch – Yellen may be giving the sign to buy …
UMH, Drew and Carlyle Gain, Broader Markets Up, Oil Surges Read More
Equity LifeStyle Properties, Inc. (NYSE:ELS) reported Q3 2016 earnings and provided guidance for 2017 via conference call on October 18th. According to baseballnewssouce, ELS reported $0.83 earnings per share (EPS) for the quarter, and revenue of $226.20 million for the quarter, compared to the consensus estimate of $116.42 million. The stock …
A Shawnee, Oklahoma manufactured home community is in flux after a series of missteps. According to Red Dirt Report, a number of residents of the Rolling Acres Mobile Home Park were outraged recently when they received a 60-day eviction notice. They are considering a lawsuit after Shawnee attorney Kent Massey …
Nebraska Lieutenant Governor Mike Foley received the “deluxe tour” of Champion Homes manufacturing operations last week, during a meeting that included a first hand look at new features and product lines for 2017, according to the York News Times. Leaders from York’s Chamber of Commerce, Visitors Bureau and City Council …
Austin City Councilman Pio Renteria has proposed a new ordinance for manufactured home communities in Austin, after a visit to one last week. “When I went down there I said, ‘my goodness, there’s no rec centers,‘” Renteria told KUT. “There’s nothing there for the kids. They’re just running around, and …
Austin City Councilman Proposes Mandated Amenities for MH Communities Read More
Noteworthy headlines on CNNMoney – Frustration runs deep for ObamaCare customers. Wells Fargo fraud: Bank was warned years ago. Social Security checks get measly $3.92 bump. Some bullets from MarketWatch – SEC fines Ernst & Young for not spotting client’s earnings manipulation. The U.S. economy is getting the wrong kind …
NorthStar, UMH & MHCV Index Strong – Oil, Gold and Broader Markets Up Read More
MHProNews Publisher L.A. “Tony” Kovach penned an op-ed to the Lakeland Ledger, picked up by multiple newspapers over the weekend. “Millions struggle with costly housing. Bloomberg, HousingWire, Realtor and Fox News are among media that recently asked why aren’t more Americans turning to manufactured homes,” said Kovach. “We’re told that the …
Senator Mark Kirk (R-IL) is ready to tackle a huge task: reforming the Federal Emergency Management Administration (FEMA) during the post-election session of Congress. “Last week I met with tornado survivors from Washington, Illinois to discuss efforts to rebuild their community after the 2013 tornado that destroyed thousands of homes and caused …
Illinois Senator to Push FEMA Reform During Lame Duck Session Read More
Hoya Capital Real Estate published its real estate weekly review via Seeking Alpha on October 15th, which showed a recovery for Real Estate Investment Trusts (REITs), led by Equity LifeStyle Properties (ELS) and Sun Communities, Inc. (SUI). After what Hoya called the “worst week in several years,” the REIT sector …
Equity LifeStyle, Sun Communities, Lead REIT Recovery in Real Estate Review Read More
With 20 days left until the U.S. Presidential election, the U.S. Government has apparently arranged to cut Internet access to WikiLeaks founder Julian Assange. USA Today Study While hailing what they dub as the “Trump Effect” for a “marked increase” in Hispanic voter registrations, the facts indicate that Democratic …
Hillary & Hispanics, 1.4M Losing Obamacare, Assange’s Internet Cut, WAPO: Election Heating Read More
According to a report from KATC TV, the deadline to apply for Federal Emergency Management Administration (FEMA) disaster benefits in the wake of the floods in Louisiana has been extended to November 14th. 60 days after the historic flooding, FEMA provided updated statistics revealing that an estimated seven trillion gallons …
FEMA Disaster Relief Deadline Extended in Louisiana Read More
