The markets are closed tomorrow for Thanksgiving day, but you will find our routine market and other news items and blogs today; PLUS a nice helping of fresh Daily Business News stories to greet you Thursday morning, Nov 27th, 2014. For MH professionals and enthusiasts, you know this is a …
Happy Thanksgiving from MHProNews – U.S. Markets closed Thursday Read More
The Manufactured Housing Composite Value rose, even as Marketwatch explained why Oil and OPEC’s upcoming Thursday meeting contributed to a modest dip on the Dow. Manufactured home communities generally did well, as did suppliers and producers. Today’s trading, by the numbers… Dow 17,814.94 -2.96 -0.02%. Nasdaq 4,758.25 +3.36 +0.07%. S&P …
Manufactured Housing Composite Rises, Oil hits 4 year low, Dow slides Read More
Families in the Lake Elmo, Minnesota manufactured home community of Cimarron Park are getting a much desired center for youth. The area is mainly occupied by low-income families which have struggled for housing. The Twin Cities StarTribune tells MHProNews that the building space for community activities which includes a day …
Equity Lifestyle teams up with agency in Twin Cities Suburb for a youth recreation center Read More
In the new world of innovation, the construction and architectural industries have been shown how 3D printing technology can make their jobs quicker without the compromise of quality. According to Rob Francis, Shanka Ventures director of innovation and business improvement: “3D concrete printing, when combined with a mobile prefabrication centre, …
Bonnie Sinnock, writing in National Mortgage News, outlines various viewpoints on the debated topic of how much value there is to pre-mortgage counseling for borrowers versus using other options. Programs like HAWK, Home Owners Armed with Knowledge, are among those explored. Since manufactured housing lenders face the question of …
Housing Counseling and Loan Performance – what works, and others options for Home Buyers? Read More
Mona Charen, writing in the Albany Democratic Herald, said that during the 2012 presidential campaign, one of President Obama’s favorite themes was to poke fun at Republicans saying, “they have the same prescription they’ve had for the past 30 years. … Take two tax cuts, roll back some regulations, and …
Dodd-Frank’s economic impact under-stated, says Charen in Albany Democrtic Herald Read More
As was previously reported on ManufacturedHomeLivingNews and in the Daily Business News, the RV industry is pursuing legislation to remedy concerns with HUD over regulations they feel hampers their business. As shown at the links above, Congressmen Marlin Stutzman (R-3 IN) and Jackie Walorski (R-2nd IN) introduced House Resolution 5658, entitled …
Google News says stocks have hit an all time high, even as oil continues its recent slide. Lower fuel prices makes it less expensive for manufactured housing to be transported, which is for now a nice point for the MH industry’s producers. MH Communities traded mixed today. Most HUD Code …
Manufactured Housing Composite rises, stocks hit new all time highs Read More
Manufactured housing (MH) retail, community and lending professionals know the Hispanic market has long been a strong and growing target audience for the industry. So when National Mortgage News (NMN) gives their 411 on what the president’s controversial executive action last Thursday might mean for housing lenders, MHProNews listened. NMN‘s …
The Manufactured Housing Institute (MHI) reminded industry professionals that the Department of Housing and Urban Development (HUD) Manufactured Housing Consensus Committee (MHCC) is slated to meet December 2-4 in Arlington, Virginia. In a release to MHProNews, MHI said, “It will be the first in-person meeting since October 2012 and the MHCC …
Manufactured Housing Consensus Committee to hold first meeting in 2 years Read More
The Manufactured Housing Institute (MHI) tells MHProNews that the recently updated National Fire Protection Association (NFPA) report reveals good news for manufactured housing, and should give more peace of mind to manufactured home owners too. As Daily Business News readers and those who monitor local news know, reports often appear …
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
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
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 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
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 …
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
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 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
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 …
