The Dow and the S&P 500 end lower as oil’s recent winning streak come to a close. Nasdaq closes up, while Treasury yields drift lower. MarketWatch also reports that CFPB fines Wells Fargo $4 million for deceptive student loans. Daily Business News Market Tracker: The Dow Jones Industrial Average dropped …
Broader Markets Tumble as MHCV Inches Up, Led by UFPI Read More
Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor. The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year. A 17.0% …
Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells Fargo, the seven-year, fixed-rate loan could free Carlyle to further expand its efforts in the MH Community sector. Grace and colleague Matt Krasinski …
The main three U.S. stocks markets closed lower as investors worry over the Fed’s approaching rate decision. The Dow and S&P register weekly losses, as Nasdaq logs 8th weekly gain in a row, per MarketWatch. Meanwhile, oil prices stampeded toward bull-market territory, as geo-political instability may be fueling a rise in …
Skyline Leads Manufactured Housing Sector Amidst MHCV and Broader Market Tumble Read More
The National Low Income Housing Coalition (NLIHC) issued its 2016 annual report, and the picture painted mirrors that of other studies that indicate a growing affordable housing crisis in the United States. According to the report, of the nearly 43.2 million renter households in the U.S. in 2014; 10.4 million …
NLIHC’s Affordable Housing GAP Analysis 2016, Manufactured/Modular Housing Read More
Stocks close slightly higher as the Fed rate-hike debate rages on. Patrick Industries (PATK:US) defies MHCV slip to post the biggest manufactured housing gainer. Chart watchers say the dollar is on the verge of unraveling. California fire drives 82,000 from their homes, MarketWatch informed MHProNews. Daily Business News Market Tracker: The Dow …
Patrick Industries Biggest Gainer amidst Manufactured Housing CompValue slip Read More
MarketWatch looked at key proposals on taxes set forth by the Democratic and Republican Presidential candidates. The economic outlooks and tax premises on which they are built highlight the stark contrast between the two hopefuls. Their analysis of the tax proposals, shared with the Daily Business News, sheds light on …
Clinton v Trump – Presidential Nominees and their Tax, Economic Strategies Read More
REITs beat the S&P 500 and could return up to 13% in the next year, MarketWatch informed MHProNews. Housing starts rise to second-highest rate since recession. Meanwhile the Fed’s Dudley says September rate hike ‘is possible’ as the CPI remained unchanged in July. Daily results place stocks at a lower …
REITs beat S&P 500 with Promising Forecast for the Year Read More
Those trendy and cute tiny houses are a potential source for real headaches, says a report by the Toledo Blade. Blade’s Janet Stengle tells MHLivingNews that, “Jamie and Kelly Rye and their children, Jonah, 6, and Jane, 3, moved into their tiny home in Spencer Township last month. Complete with …
The Dow Jones Industrials and the Nasdaq logged record closes. Various stocks closed at record heights, which MarketWatch tells the Daily Business News was triggered by a rise in oil prices. The extended gains of U.S. stocks also saw parallels in the rise in Treasury yields, and many MH stocks …
Skyline Up, Manufactured Housing CompValue (MHCV) Mirrors Dow Read More
Affordable housing is defined as housing and utility payments falling under 30 percent of monthly household income. Colorado’s Durango County Planning Commissioners see manufactured homes as being a good fit for that important need, the Pine River Times tells MHProNews. Challenges in their market include the rising costs of conventional …
Commissioner sees Manufactured Homes and Communities as Affordable Housing Solution Read More
The manufactured home community in Robinson Township, Pennsylvania remains in legal limbo between its owners and the final residents remaining on the property, which is moving towards closure. Channel 11 News shared its investigation of Twin Circle Mobile Home Park with MHProNews, where only a handful of residents remain. Residents state that …
Manufactured Home Community Tangled in Legal Issues, Resident AG Complaints Read More
MarketWatch informed MHProNews that the Dow industrials hit an intraday record of 18,638.14. U.S. stocks post modest weekly gains, while Nasdaq hits record. Jump in oil prices causes U.S. stocks to climb to all time highs – assisted by lower jobless claim figures. The Dow and S&P 500 closed the …
A manufactured home retailer recently contacted MHProNews on condition of anonymity, with a very specific concern about the validity of a loan approval. The loan in question was made with restrictions by the lender on a manufactured home (MH) shopper. The applicant reportedly was a senior citizen, the consumer was …
Discrimination? Was a Limited MH Loan Approval Legal? MHProNews Investigates Read More
All three major stock indexes close at records for first time since 1999, as MarketWatch revealed to MHProNews. Treasury yields jump the most in a week, as stocks hit new records. HSBC advises investors to look where companies make their revenue. Reports reveals that certain REIT stocks are suffering from fear …
Cavco Industries biggest gainer as Manufactured Housing CV climbs Read More
Phoenix, Arizona based Cavco Industries, Inc. (NASDAQ:CVCO) released key figures and financial highlights for the first fiscal quarter, which ended July 2, 2016. Cavco management followed their August 09, 2016 release of SEC reported filings with a conference call to discuss the results in further detail. Key points released by …
The Elkhart, IN based RV/MH Hall of Fame has released more details this week about their plans for their Northern Indiana Event Center, Inside Indiana Business tells MHProNews. RV/MH Hall of Fame staff projects they will triple the available space, to take advantage of the lucrative event-planning market. Darryl Searer, …
RV/MH Hall of Fame Releases Expansion Plans for Northern Indiana Event Center Read More
Stocks ended slightly lower, MarketWatch informs MHProNews, dragged by slumping oil prices, while Treasury yields post the largest 2-day decline in a month. The 2016 Presidential Elections are being blamed for a slow down in sales. The dollar weakens, as investors bet the Fed won’t hike rates in 2016. Meanwhile …
Nobility Homes rising, The Carlyle Group slips and Manufactured Housing CV dips Read More
Elkhart, Indiana based Drew Industries (NYSE:DW), a leading supplier of RV and manufactured housing industries components, has announced their second quarter results. According to their August 9th, 2016 SEC filing by Chief Financial Office (CFO) David Smith, their Board of Directors approved a regular quarterly cash dividend of $0.30 per …
Schroder Investment Management Group acquired an additional $2,017,000 worth of Equity LifeStyle Properties (ELS) shares for the quarter ending July 30th, 2016. Finance Daily tells MHProNews that the purchase results in a 2.2% increase over its previous holdings in the REIT (NYSE: ELS) bringing total investment figures up to $15,875,000. …
Management Group Increases Holdings in Equity LifeStyle Properties (ELS) Read More
