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
Amanda Fraser, assistant to Dennis Hill at Show Ways Unlimited, told MHProNews that “At this time last year we had 490 Attendees, and this year we are at 554.” RV MH Hall of Fame inductee, Dennis Hill, confirmed the fact that as of today, pre-registrations for the 2015 Louisville Manufactured
A steady drop in crude pushed by OPEC has been popular for consumers, but not for the oil producers and related companies. Like a domino effect, oil companies around the world have cut back on production, investment and their workforce. The New York Times (NYT) tellsMHProNews that the day
The MHCV closed down, and only Sun Communities rose while other tracked stocks slid or stayed even. The Dow and other exchanges continued their modest retreat. The U.S. markets normally rise in December, but so far this year, that’s not so, says CNN Money. Oil is one factor, and it
SUI sole bright spot; MH Composite down, major exchanges continue slide Read More
While there are those in the manufactured home community side of the industry that abhor the ‘t-word’ or having their properties called ‘a mobile home park,’ on the other end of the spectrum is Frank Rolfe. First, give the man and his associates their due. Their total communities would place
Director Robert Matthew Perry says, “To expect a night of laughs as residents of Armadillo Acres of Stark, Florida’s premier mobile home communities hunker down for the redneck Christmas ahead.” So reports, The Herald News (THN) to MHProNews, about the Little Theatre of Fall River, MA, featuring “The Great American Trailer
Homes.com tells MHProNews that 65% of their site’s visitors are searching for rentals. So it’s no surprise that even with low lending rates, many home buyers are cautious. Jed Kolko, chief economist of real estate website Trulia Inc. said: “Entry-level buyers might not yet surge back into the market. While wages
Mixed signals on housing debated by experts as 2015 approaches Read More
City Attorney William Wynder from Carson City, California has stepped down after 35 years. Along with his wife, they plan to do mission work next. Wynder said: “It has been way harder to leave than I thought it was going to be, I have loved working in this city.
Carson City Attorney’s Mission to Stop MH leads to Mission work for LDS Read More
Manufactured housing stocks overall did well today. Oil’s slip – which can impact MH – slid up. MarketWatch reads like a press agent for the Labor Department today, touting how rapidly jobs are being snapped up. As if to respond, the Drudge Report says the labor force participation rates are
Manufactured Housing Composite spikes, Oil Rebound and Jobs…well, mixed markets Read More
In an effort to push forward with political, best practices, policies, image and other issues, the Manufactured Housing Industry is wise to take a page from IBM and get many voices involved. In an article for the New York Times (NYT) by Phil Gilbert, general manager of IBM Design, he
Many Voices being heard a Key to advancing the MH Industry? Read More
According to the Arizona State Fair, approximately 1.14 million visitors came to their fair during the 18 days that a 2014 Manufactured Home model was on display there. While many didn’t tour the home, enough of the public did to generate 1,100 leads during that exposition. Arizona Housing tells MHProNews
Arizona Housing and MHIndustry firms uses AZ State Fair to showcase Manufactured Housing Read More
The Prefabricated Accessible Technological Homes (P.A.T.H.) targets the high-end, luxury home market. The PATH home produces more energy than it needs. Jetson Green tells MHProNews that these PATH houses were created by French designer and architect Philippe Starck in collaboration with Slovenian prefabricated housing specialist Riko. The two are selling these
PATH prefabricated homes are targeting luxury home buyers Read More
Sun Communities (SUI) bucked a down trend among MH tracked stocks today. CNN Money reports that some in Big Oil are feeling the heat caused by the downward pressure by OPEC on crude prices. Some are saying prices at the pump could be under $2 a gallon in many part
SUN bucks MH stocks downtrend. Big Shale/Oil/DOW getting spooked by OPEC? Read More
