Fair warning to thousands of regular readers: this week’s Sunday morning weekly recap of manufactured housing industry news headlines may never look like this edition again. With the Daily Business News’ Matthew Silver away on some well-earned time off, the editor gets to do this recap. So we’ll try something just …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 21-Aug. 28, 2016 Read More
Investment management leader, Robert Robotti’s firm acquired 15,865 additional shares in Cavco Industries during the most recent quarter end according to SEC filings, reports TradeCalls. That places the firm’s total stake in the #2 producer of HUD Code manufactured homes at $18,886,291, or about 6.41% of Robotti’s portfolio. Other hedge …
Robert Robotti’s stake in Cavco Industries (CVCO) Grows, Stock hovers at 52 Week High Read More
The brakes are being tapped on stocks, as Fed Chair Janet Yellen has said that the odds of a rate hike have strengthened. Talk of negative rates, as well as two possible rate hikes this year are being floated. Oil, gold, the Dow and S&P 500 have all retreated, while …
Deer Valley Homebuilders Leaps, Dow Dips, MHCV Slips Read More
Most manufactured home communities are run by owners and professionals who care about their residents, the conditions at their location(s) as well as the look and safety of their property. But when a community operator runs their location like the proverbial “trailer park,” it’s bad for residents and impacts the …
Connected Community Owner “Should be Facing Criminal Charges” for conditions at the “park” Read More
The PostNews noted in a recent analysis that shares in Affiliated Managers Group Inc.(AMG) have “slid down for the past month, and that it may cause some worries to investors. But Consumer Eagle notes that zero of the ten analysts covering AMG recently has had a negative review, and 8 of the …
Treehouse Riga, an easily adaptable modular home, was designed by Appleton & Domingos. The Portuguese design firm created this particular version for modular homebuilder Jular. As factory built home industry professionals know, modular home construction has less waste, is greener, takes less time to build and typically offers significant savings …
Look beyond the argument that manufactured and modular homes benefit millions of moderate income households, and could benefit millions more. Is it also possible that the tiny house trend applied to modular units is the answer to homelessness in the U.S.? Eyewitness News Channel 7 in Los Angeles featured a …
Tiny MODs Could be the Next Big Thing for Homeless Vets Read More
Manufactured homes are attracting positive media in markets where conventional housing has overheated or is difficult to obtain. Peace Arch News took a favorable look recently at the impressive value that manufactured housing offers in hot real estate markets, highlighting the Semiahmoo Peninsula, Washington, near the U.S. Canadian border. An …
Media Spotlights Manufactured Housing’s Value in Hot Markets Read More
In today’s markets, the Dow Jones logged its lowest close in the past 3 weeks. The U.S. Dollar joined the herd of key indicators that are worried about the Fed’s Chair, Janet Yellen’s, upcoming speech. MarketWatch also reported that SEC fines 13 investment firms for advertising false performance claims, and …
Cavco leads in Manufactured Housing, Broader Markets Continue to slide Read More
A recovery housing plan has been released by Louisiana Gov. John Bel Edwards, for displaced residents of the recent historic flooding in his state. It’s a three-pronged plan created by state officials to respond to the housing crisis caused by damage to southern Louisiana. The state is moving into the …
New LA Recovery Plan Unveiled as Possible Storm Approaches, Industry Pros Mobilize Read More
After almost no debate, a new ordinance was approved unanimously by the Lowell, Massachusetts City Council which will put new restrictions on the appearance of homes outside a historic district. The new ordinance seemed to be aimed directly at “mobile” and manufactured homes by adding regulations that would keep them …
Over Legal Objections, City Blocks Manufactured Homes Read More
East Baton Rouge Parish’s Metro Council will bypass city-parish law, that will make way for longer-term, temporary housing. The measure was instated to assist those that were affected by the recent, historic floods, allowing them to site the temporary homes in front of their damaged properties. The law normally allows …
Metro Council Bypasses Law, Allowing “Temporary” Manufactured Homes Read More
The S&P 500 closed at its lowest level in two weeks. As news about struggles of insurers in ObamaCare exchanges continue and experience fallout, the health-care sector’s drag on U.S. stocks caused them to close at the lowest level since Aug.4. MarketWatch also reported that the U.S. Dollar is continuing …
Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets Read More
Dutch entrepreneur Omar Kbiri has partnered with Amsterdam-based, architecture firm, Studio OBA. The duo designed a modular home that transforms according to the dynamics of the relationships within it. The “ready-to-split” floating houses were designed with their disassembly as a starting point. The unique concept was reported on by Mother …
“Prenuptial Housing” – Modular Homes Designed for Separation and Reunion Read More
The purported road-to-home ownership cloaked as “Rent to Own” is often found to be harmful and misleading, reports The New York Times. Although housing prices have recovered from the financial collapse of 2008, borrowers with less than stellar credit reports and those seeking to finance lower priced properties are left …
NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership Read More
During their Aug. 18 meeting, the Georgetown, SC city council members denied a request to rezone the West End to permit the addition of manufactured homes on more than 200 vacant lots. A petition signed by 150 residents asked to rezone that area from R5 to R3, to allow manufactured …
NIMBY strikes as council nixes manufactured housing use requested by over 100 residents Read More
The Joliet City Council obtained ownership of Evergreen Terrace in a transfer of title that took place last week. Officially the title will go to Riverwalk Homes, a public-private partnership created by Holsten, a Chicago-based real estate development company, the HeraldNews reports. Nevertheless the city maintains controlling interests and will …
The S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains. Daily Business News Market Tracker The Dow …
Skyline Leads, Housing Data and New Home Sales Push Stocks Read More
Gateway Lifestyle, an Australian-based holder of factory-built retirement home communities, is exploring partnering with U.S.-based Hometown America in a venture that could reshape Australia’s emerging manufactured housing market. The two firms may join forces for the pursuit of National Lifestyle Villages (NLV), Western Australia’s largest operator of ‘mobile home parks.’ …
Will Hometown America and Gateway ally to Increase Manufactured Home Community Holdings? Read More
MHProNews has learned that Chris Nortley, Managing Partner of MHRE Inc. that the Matrix portfolio that consisted of 7,253 sites closed on August 4, 2016. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home …
Chris Nortley, Enrico Scarda announce MHRE’s Close of Matrix MHC Portfolio Read More
