According to Chris Matthews writing in Fortune, “Homebuilders just got the best news in nearly a decade.” His claim is based on the fact that Neil Dutta, head of economics at Renaissance Macro Research, pointed out to clients in a note on Thursday that “household formations in 2014 through September …
Best Housing News in 10 years: Good News or Wishful Thinking? Read More
After the end of World War II, there was an urgent need for housing in England due to the fact that so much had been destroyed during the conflict, particularly in London. As a result, according to information furnished by the Prefab Museum in London, 150,000 prefabricated buildings were built …
The good news is that manufactured housing related stocks tracked rose today, while the 3 major U.S. markets continued their downward trend. As Russia slides toward economic woes tied to their oil-and-gas-dependent economy, CNN Money says that purchases by Putin’s Russian government of military equipment is on the rise. Today’s …
Rising Manufactured Housing Composite Value Outperforms markets, Russian Ruble tumbles 12% Read More
The trend in building a “dream” house or buying a luxury home with lots of square footage has changed for some as people adapt to decreasing incomes and uncertainty about employment. Frugality is becoming a virtue, and smaller homes are being chosen for their low cost, low taxes and upkeep, …
For awhile, it seemed doubtful that any changes to the Dodd-Frank bill governing financing for residential or manufactured housing (MH) might pass. Now, there seems to be a ray of hope for the MH industry. The evidence is a rider attached to the 2015 federal budget passed late on the …
In a follow up to a Daily Business News story posted Saturday, this video below explores how 3D printing of houses posses a direct challenge to prefabricated construction. One of the possible outcomes, says Black Rock Productions, is the potential for a loss of jobs in the construction field. What …
3D Printing Houses – A Threat to U.S. Manufactured Housing Industry? Read More
As part of a broader analysis of their position in U.S. housing firms, Third Avenue Value Fund in a recent statement praised Cavco Industries as one of the “…well-capitalized and attractively priced companies involved in different points in the residential “value chain“. GuruFocus tells MHProNews that Third Avenue’s thinking on …
Do you have your coffee, tea or other favorite beverage at hand? Ready to catch up on the headlines from the week just past? We have an East Coast holiday-style heart-warming story, as well as a heart-breaking story from out West. We spotlight a looming threat to MH, and this one …
Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-7 to 12-13, 2014 Read More
The Motley Fool has been saying for about two years now: ‘Dear China, It’s Over.’ For about the same period, MHProNews has tracked stories on those who look ahead and say the 3D Printing of houses is looming just over the horizon. Now, Home Depot had jumped into the emerging …
Home Depot selling 3D Printers – Chinese Printer Builds 10 houses in 1 day Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) provided MHProNews today with a snap-shot of their meeting with Department of Housing and Urban Affairs (HUD) officials. Danny Ghorbani, M. Mark Weiss, two past and the current MHARR Chairman were present representing MHARR to talk to HUD Code Manufactured Housing (MH) Program …
HUD and MHARR leaders meet to discuss pending industry issue Read More
Patrick was the sole tracked stock today that bucked the down trend among manufactured housing. The broader markets also suffered. Wasn’t it just yesterday that MarketWatch proclaimed that stocks may have finally won their 100 year battle with big oil? Their new story line for today is that the markets …
Patrick bucks MH stock down trend, as oil’s spill slides broader markets lower Read More
Emmett, Idaho based T.J.T. Inc., reported their fourth quarter and 2014 fiscal year results. TJT (OTC Markets: AXLE) is a supplier of axles, tires and installation supplies for the manufactured home industry, says BusinessWire and HearldOnline. Income before taxes was stated as $247,912 on net sales of $6,163,707. Fourth quarter …
T.J.T., Inc. Results for Q4 and Fiscal Year 2014 reported Read More
MarketWatch personal finance reporter, Quentin Fottrell, picked up on a theme Daily Business News regulars know. Says Fottrell, “…the average American now spends nearly 30% of their income on rent. U.S. home buyers making the nation’s median income and purchasing the typical U.S. home spend around 15% of their income …
Is home owning now twice as affordable as renting? Quentin Fottrell says Yes Read More
“Even on a raw, rainy night, the community once again has come together to show its holiday spirit and tremendous generosity to help those who are less fortunate,” County Administrator Todd F. Lawson said. “So many families in this community will have a brighter holiday thanks to the kindness of …
MarketsInsider reports Sun Communities (NYSE:SUI) hit a new 52-week high. CNN Money states that at the closing bell Thursday, the SUI’s stock was at 60.61 +0.57 (0.95%). Google Finance tells MHProNews the following data: Range = 59.78 – 60.80 52 week = 39.53 – 60.80 Open = 60.14 Vol / …
Sun Communities hit new 1 year high during Thursday’s trading Read More
Chinese investors have their eyes set on trouble Detroit, Michigan and other American markets, seeing great opportunities for housing investments. According to Financial Fuzz, “Mainland China residents who invest in US property are motivated by a few things; profit potential of underpriced markets, educational opportunities for their children, and international …
Golden U.S. Housing Opportunities for Chinese Investors Read More
Only 3 of the manufactured housing connected tracked stocks fell in today’s trading, while all others advanced or held steady. MarketWatch proclaims the markets are finally winning their “100 year battle” with big oil, which dipped below $59 a barrel. As noted in a report yesterday, big oil’s slide is …
Most Manufactured Housing connected stocks rise, ditto 3 major U.S. markets Read More
In a year long legal action between the residents of Syringa Mobile Home Park Moscow, Idaho and its owner over clean water, a judge ruled in the residents favor. The Lewiston Tribune tells MHProNews that Latah County 2nd District Judge John R. Stegner ordered Moscow attorney Gregory Rauch to compensate …
“Mobile Home Park” Residents Legal Action Continues, drawing favorable rulings Read More
In North Carolina, the North Wilkesboro Board of Commissioners and the Wilkesboro Town Council approved zoning requests that were presented in public hearings this week. Wilkesboro Planning and Community Development Director Andrew Carlton presented a zoning code amendment requiring that Manufactured Home Community (MHC) plans be approved by the Wilkesboro …
Josh Ducharme, San Antonio Credit Union (SACU) Mountainside Financial division’s Business Development Executive, tells MHProNews that hundreds of manufactured housing businesses have been or are providing lending to customers using variations of the captive finance concept. This practice now requires increased licensure, explains Ducharme, for individuals and businesses under Dodd-Frank. Businesses …
Is Captive Financing a risky lending choice for Manufactured Housing Industry companies? Read More
