New HUD Code manufactured home factories are gaining traction, as manufactured and modular housing shipments have been recovering. Skyline-Champion’s (SKY) soon-to-open production center in Leesville, LA is our focus for this evening’s market focus. Scroll down beyond the Manufactured Housing Composite Value to see that report. If you’re new, …
Cavco Industries, Inc. (NASDAQ:CVCO) hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $137.71, said Modern Readers. “Several brokerages have recently issued reports on CVCO. BidaskClub downgraded Cavco Industries from a “sell” rating to a “strong sell” rating in a research …
The issue that follows is tied to allegations of corruption, how that impacts affordable housing, and thus millions of Americans, plus taxpayer funded budgets. At its core, it’s not a matter of one political party over that one. It seems that the Manufactured Housing Institute (MHI) and the Berkshire …
Affordable housing, working and middle class incomes are far from a new issue. They have been part of the national scene in the U.S. for decades, as this brief recap and linked reports will serve to outline. And sexual or other scandals have arguably often taken those long-pressing issues …
Scandalous, Presidential Politics, Affordable Housing, Mobile and Manufactured Homes Read More
Many if not most Manufactured Housing Professionals – MHPros – know the truth about our industry’s products and services. That said, millions of people don’t know. You might say that they have been conditioned into thinking something that is untrue. Hold that thought, because in many ways it is …
Children, Grandchildren, Family, Manufactured Housing, Money, and You Read More
A federal judge in Texas has struck down Affordable Care Act. “In a ruling sure to be appealed to Supreme Court, Texas court says the ACA, also known as Obamacare, can no longer stand without the penalty against the uninsured,” said NBC News. The Friday night ruling …
ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next Read More
Perhaps it was no surprise. Perhaps it was a safe call. But our prior MHProNews reports on Legacy Housing’s Initial Public Offering (IPO) proved to be prescient. On a day when the Cavco Industries (CVCO), Skyline Champion (SKY), and even Clayton Homes parent Berkshire Hathaway (BRK) all took a slide, …
Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates Read More
The Federal Housing Administration (FHA) announced late today that loans limits for 2019 will be raised for most part of the nation. As manufactured housing industry veterans know, qualifying placements can allow a HUD Code home, or a modular home, to be financed with FHA insurance on the …
Home Loan Limits Raised in Over 3,000 U.S. Counties Read More
The timing of the Legacy Housing IPO is an interesting. The firm is attracting attention on its own merits from investors and analysts, who – for example – note that the two principles will have some 57 percent of the stock. The solid growth track-record for Legacy (LEGH), …
With Storm Clouds Over Cavco, Eyes on Legacy Housing (LEGH) IPO Today Read More
Press releases from both the Department of Housing and Urban Development (HUD) and the White House pressroom to the Daily Business News on MHProNews could be summed up with this goal in mind. There is a need to revive, expand, and protect the American Dream for all. President Donald …
Joint HUD, White House Announcements Aim to Advance the American Dream Read More
The Associated Press (AP) is reporting that “Former Obama housing chief Julian Castro says he’s taking a step toward a possible White House campaign in 2020 by forming a presidential exploratory committee,” with an announced decision set for Jan. 12, 2019. Castro is said to be the second …
Yesterday, we posted an update on Cavco Industries. Not long after, we received a news tip from a source with a legal insight on their SEC related woes. That will be our market update, found further below, this evening. If you’re new, already hooked on our new spotlight feature …
During a widely acknowledged affordable housing crisis, industry professionals and investors should be asking – how is this possible? The chart below provided by an association member reveals that Texas – #1 among the states in new sales – took a drop in new HUD Code manufactured home shipments …
ELKHART, Ind., — There are less than five months until the deadline for nominations for the RV/MH Hall or Fame’s Class of 2019. Darryl Searer, Hall president, said, “The deadline for nominations for the Class of 2019 is October 31st, so we are encouraging all those who plan to …
Call for Nominations for the RV/MH Hall of Fame Class of 2019 Read More
Quickly inspect and locate of a wide variety of pipeline problems while reducing cost by knowing exactly where the problem is before digging. The Ecam ACE takes the guesswork out of jobs. The ACE is compact and easy to use, and made from the same high quality, durable components you have …
Electric Eel Ecam ACE Pipeline Inspection Camera System Takes the Guesswork Out of Jobs Read More
The Model C cleans 3″ – 10″ diameter lines with up to 200 Ft. of 1-1/4″ self-feeding dual cable in 8 Ft. or 10 Ft. sections (that require no handling when rotating). This time tested machine spins cable at twice the RPM of a continuous cable machine for maximum cleaning power …
Electric Eel Model C is the Original Dual Cable Sectional Drain & Sewer Cleaning Machine Read More
A recent article in Oxford Magazine featured the thoughtful gift of President and CEO John Bostick, who donated a manufactured home to The Pantry. “The Pantry has provided food for those who might need that extra bit of sustenance, and the countless volunteers who run and work at the facility …
Oxford Magazine Features Sunshine Homes, & CEO John Bostick Read More
The Model D-5 combines professional quality and affordability in a continuous cable drum machine for cleaning 3” – 10” diameter lines up to 100 ft. The high-density polyethylene drum and belt guard will not rust or dent and holds up to 100 ft. of 3/4” diameter Tri-Max cable, the toughest cable in …
Halifax, Mass. – Homeowners in Halifax Estates Mobile Home Park (www.halifaxestates.coop) have made history, closing on the largest-ever limited equity manufactured home cooperative purchase while helping secure the financial futures of the 700 retirement-age residents who live there. While the $27 million purchase is certainly a milestone in the cooperative …
ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $23,603,750 in May & June for several manufactured home communities nationwide. The most recent closings included the following: Managing Director, Gerard D. DiMarco, Jr., secured refinancing for a client’s 183-site mobile home …
