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
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
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
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
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
“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
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
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
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
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%
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
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
Resembling shipping container housing, the single module Tintaldra House by Modscape claims to be completely off the grid. Built for a vacation cabin, the owner uses it for a few months each year, Jetson Green tells MHProNews. Sited in a remote area, the home had to be designed for long
Modscape says its Tintaldra House operates completely off the grid Read More
Marketwatch asks is the public getting gouged by ObamaCare? The New York Times says there is a clear alliance between the Administration and health insurance firms – both of which think they’re benefiting – and health stocks indeed continue to rise. Some investors think Apple could become the first trillion
Healthcare gouging? Stocks rise, Manufactured Housing Composite rises too Read More
CNN Money tells MHProNews that when the new Congress is seated in 2015, Jeff Sessions R-Alabama, may chair the Senate Budget Committee. Sessions has expressed interest in a plan to balance the budget in 10 years. House budget veteran, R-WI Paul Ryan, produced a plan that would do that, with
Affordable Housing – Debts, Deficits, Public Policy and the Manufactured Housing Solution? Read More
NBC News has been among the national media who’ve reported on the sinkholes in and near Holiday manufactured home community in Pasco County, near Tampa FL. The first hole formed last week and was so large it swallowed a car, the vehicle being removed from the hole shown in the
Sinkholes in Manufactured Home Community and nearby draws national attention Read More
Secretary of Housing and Urban Development (HUD) Julian Castro said in an interview with Bloomberg TV that for many responsible Americans it is “too difficult” to get a home loan today. Castro reminded viewers with a smile that Ben Bernanke couldn’t get a home loan refi done, due to too
