MHProNews

Natural Resources Defense Council praises “great outlook for manufactured housing”

By / November 21, 2014 / Manufactured and Modular Housing News

The Natural Resources Defense Council (NRDC) describes itself as “the nation’s most effective environmental group.” In a recent NRDC Switchboard  post, Robin Roy has come out in favor of the “strong consensus agreement reached by the Manufactured Housing Working Group” on new energy efficiency standards. Roy says that manufactured home (MH) …

Natural Resources Defense Council praises “great outlook for manufactured housing” Read More

Sunday Morning Manufactured Housing Daily Business News Weekly Recap 11 16-22 2014

By / November 22, 2014 / Manufactured and Modular Housing News

  Do you have your coffee or favorite Sunday morning beverage handy? We hereby start week two of the industry’s first and only Sunday Morning Manufactured Housing Professional’s Daily Business News Weekly Recap. This new feature is in response to reader requests for a quick, easy way to review all …

Sunday Morning Manufactured Housing Daily Business News Weekly Recap 11 16-22 2014 Read More

Alpha questions Drew, but Citigroup rates stock a Buy

By / November 21, 2014 / Manufactured and Modular Housing News

Seeking Alpha   claims millions of followers in the investment world, and they questioned the value of Drew Industries (NYSE:DW) in a report Thursday. By contrast, Citigroup issued an investors note, increased the target price from $51 to $57 a share and rates Drew a Buy. Drew CFO Joseph S. …

Alpha questions Drew, but Citigroup rates stock a Buy Read More

Skyline continues Rise, communities and suppliers mixed, while MHCV slides

By / November 22, 2014 / Manufactured and Modular Housing News

Skyline rose again, communities and suppliers closed mixed and the MH Compositve Value moved lower in trading Friday. Meanwhile, the broader markets climbed in response to a rate cut by China’s central bank and suggestions of emergency action by the European Central Bank. CNNMoney tells MHProNews that, “Both the ECB …

Skyline continues Rise, communities and suppliers mixed, while MHCV slides Read More

Manufactured Housing Institute Senior VP leaving

By / November 22, 2014 / Manufactured and Modular Housing News

Effective in December, Senior Vice President of Government Affairs Jason Boehlert will leave the Manufactured Housing Institute (MHI). Boehlert is scheduled to become the new Executive Director of the National Association of Local Housing Finance Agencies (NALHFA) and National Association for County Community and Economic Development (NACCED). He is the latest …

Manufactured Housing Institute Senior VP leaving Read More

Property Mentor gives thumbs up on Cavco Industries

By / November 21, 2014 / Manufactured and Modular Housing News

Cavco Industries, Inc. released earnings data, Property Mentor Group tells MHProNews. Cavco is the number 2 producer of manufactured and other factory built homes in the U.S.. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.61. The company had revenue of $139.30 million …

Property Mentor gives thumbs up on Cavco Industries Read More

Legally challenged MHCommunity owner in contempt, manager may not be

By / November 21, 2014 / Manufactured and Modular Housing News

Magar E. Magar, owner of Syringa Mobile Home Park in Moscow ID, was ordered by 2nd District Court Judge John Stegner to pay a total penalty of $350 a day until he brings the facility into compliance with pertinent water and wastewater rules, DNews tells MHProNews. This is part of …

Legally challenged MHCommunity owner in contempt, manager may not be Read More

Fannie Mae and Freddie Mac announcement could lead to more home loans

By / November 21, 2014 / Manufactured and Modular Housing News

Fannie Mae and Freddie Mac announced Thursday they’ve revised their representation and warranty framework. The move has been made in an effort to reduce concerns among lenders about the risk on buying back loans sold to the two federally backed mortgage finance agencies. Mortgage professionals have said such concerns have been blamed for lenders being …

Fannie Mae and Freddie Mac announcement could lead to more home loans Read More

M. Mark Weiss, JD, incoming President of the Manufactured Housing Association for Regulatory Reform (MHARR)

By / November 21, 2014 / Manufactured and Modular Housing News

As was formally disclosed yesterday, the new president and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) will be M. Mark Weiss, JD. Making this announcement in Washington D.C., John Bostick – MHARR Chairman and President of Sunshine Homes – told MHProNews  that: “MHARR will not miss a …

M. Mark Weiss, JD, incoming President of the Manufactured Housing Association for Regulatory Reform (MHARR) Read More

Manufactured Housing Composite and all 3 major U.S. markets rise

By / November 20, 2014 / Manufactured and Modular Housing News

Manufactured Housing Communities closed mix, most suppliers to factory built homes rose as did the Manufactured Housing Composite index in today’s trading. Marketwatch pointed to new record market highs, even as they they noted that the man who “called the last stock crash is already blaming the Fed for the …

Manufactured Housing Composite and all 3 major U.S. markets rise Read More

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Crony Capitalism Sidebar – Donald P Grasso, Rytec High Performance Doors

By / May 1, 2023 / Manufactured and Modular Housing News

C. J. Prince of Chief Executive magazine online, spoke with Donald P. Grasso, CEO of Rytec High Performance Doors, “about how cronyism affects small businesses.” Since most of manufactured housing is made up of independent, small businesses, the view point of a supplier like Rytec will resonate with many in the factory built …

Crony Capitalism Sidebar – Donald P Grasso, Rytec High Performance Doors Read More

Danny Ghorbani, President and CEO of Manufactured Housing Association for Regulatory Reform (MHARR) Retiring

By / November 20, 2014 / Manufactured and Modular Housing News

46 year manufactured housing industry veteran, Danny D. Ghorbani, President and Chief Executive Officer of the Manufactured Housing Association for Regulatory Reform (MHARR) will be retiring effective December 31, 2014. In a release anticipated by MHProNews, MHARR stated that Mr. Ghorbani, “A 46-year veteran of the manufactured housing industry who has served …

Danny Ghorbani, President and CEO of Manufactured Housing Association for Regulatory Reform (MHARR) Retiring Read More

UMH Properties touted as high dividend stock

By / November 20, 2014 / Manufactured and Modular Housing News

The Wall Street Scope (WSS) said in a report on 11.19.2014 that UMH Properties Inc., a Real Estate investment Trust (REIT) focused on manufactured housing communities, currently providing a high dividend yield of 7.45% today and a return on investment of 1.40%. WSS  tells MHProNews  that “UMH Properties Inc. (UMH) …

UMH Properties touted as high dividend stock Read More

Developer Fumes over slow Approvals, Manufactured Housing Association jumps in

By / November 20, 2014 / Manufactured and Modular Housing News

“I don’t know why Vancouver is so behind the 8-ball on this, despite our affordability challenge,” says Jon Stovell, President of Reliance Properties, a developer in Vancouver. Barbara Yaffe says in the Vancouver Sun  that “In 2011, Reliance refurbished the Burns Block on Hastings, transforming it from a vacant single-occupancy …

Developer Fumes over slow Approvals, Manufactured Housing Association jumps in Read More

Survey by Lender reveals Most Home Buyers using Tech

By / November 19, 2014 / Manufactured and Modular Housing News

  Colin Wilhelm tells MHProNews that Discover Home Loan’s recent survey of home buyers revealed that 89% used online technology in their shopping and purchase process. This mirrors studies by real estate agents that range from 90-94% of housing shoppers are using online resources. Wilhem, writing in National Mortgage News, …

Survey by Lender reveals Most Home Buyers using Tech Read More

Manufactured Housing Grassroots Reports by state

By / November 19, 2014 / Manufactured and Modular Housing News

Rick Robinson, general counsel for the Manufactured Housing Institute, tells MHProNews about two bills pending in Michigan, as well as other legislative topics from around the U.S. of general or specific interest to manufactured housing professionals. Robinson says that the Michigan Manufactured Housing Association’s Executive Director, Tim DeWitt “informs us …

Manufactured Housing Grassroots Reports by state Read More

Release of FED minutes send stocks lower, Skyline rises while most others slide

By / November 19, 2014 / Manufactured and Modular Housing News

Marketwatch tells MHProNews that divisions inside the Federal Reserve about the timing of rate hikes and other financial issues moved investors in the down direction in trading today. Dow 17,685.73 -2.09 -0.01%. Nasdaq 4,675.71 -26.73 -0.57%. S&P 500 2,048.72 -3.08 -0.15%. The Yahoo! Finance Manufactured Housing Composite Value (MHCV): 566.9 Today’s …

Release of FED minutes send stocks lower, Skyline rises while most others slide Read More

FHA loan performance and fund improving, report replete with irony for Manufactured Housing Lenders

By / November 19, 2014 / Manufactured and Modular Housing News

The Federal Housing Administration (FHA) recent actuarial report shows that the mortgage insurance fund is back in the black. FHA Title II loans are used for the financing of manufactured and modular homes as well as conventional housing. NationalMortgageNews informs MHProNews that “the FHA’s Mortgage Insurance Fund reached a 0.41% …

FHA loan performance and fund improving, report replete with irony for Manufactured Housing Lenders Read More

Residential Warranty and MHWC welcome New MH focused Account Executive, Ron D’Ambra

By / November 19, 2014 / Manufactured and Modular Housing News

Ron D’Ambra, recently with Professional Warranty Service Corporation (PWSC) that exited the manufactured housing space, has joined and completed his initial orientation with MHWC and RWC in Harrisburg, PA. D’Ambra is a well know personality in manufactured housing, with 15 years in the industry. Evidence of the respect he has …

Residential Warranty and MHWC welcome New MH focused Account Executive, Ron D’Ambra Read More

Another Manufactured Housing Industry News Announcement Pending

By / November 19, 2014 / Manufactured and Modular Housing News

Just as MHProNews heard about the plans for U.S. Bank to exit from manufactured housing direct lending in advance of the announcement, so too we’re hearing from informed sources about another planned announcement expected as soon as this week. In fact, we’ve been hinting about the plans for this anticipated …

Another Manufactured Housing Industry News Announcement Pending Read More

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