In the news from CNNMoney: China is on a massive gold buying spree. Airline flights getting cheaper. Fed Chair Yellen expresses caution about economy, not sure of another rate hike. Yelp is struggling. Twitter is losing customers as stock falls. Whole Foods may be over its downward spiral. Happy Birthday […]
Patrick Advances +2.70%, as Most Stocks are Quiet Read More
The Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures rule, or TRID, that went into effect in Oct. has a slight typographical error in the supplementary information, as housingwire tells MHProNews. The section in question deals with the application of tolerances to property insurance premiums and taxes, homeowner’s association dues,
CFPB Corrects Typo in the TILA-RESPA Rule Read More
The Vermont Economic Development Authority (VEDA) has approved $14.4 million in loan and bond financing for a variety of projects throughout Vermont, according to what MHProNews has been informed by vermontbiz. Funding of $300,000 was approved to assist Vermod High Performance Manufactured Housing, LLC, a producer of energy-efficient modular homes
Producer of High Tech Manufactured Homes Obtains Loan to Buy Facility Read More
The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reveals the cost and availability of labor remains the biggest hurdle for builders, and is expected to continue as a problem throughout this year. During the Great Recession tradespeople left the industry by the thousands because jobs
Labor and Lot Shortage could Hinder Housing Market Recovery Read More
In the news from CNNMoney: U. S. has near record 5.6 million jobs open. Sears is closing 50 stores. Only seven stocks in the NASDAQ 100 are up this year. World’s second largest diamond, 1,111 carat stone found in Botswana, now named Lesedi La Rona, “Our Light” in Setswana, the
Patrick Falls over Nine Percent as Oil Drops below $28/bbl Read More
MHroNews has learned from prnewswire former president of Goldshield Fiberglass Jeff Newport has been chosen by Skyline Corp. of Elkhart, Indiana as Vice President of Operations, overseeing the manufacturing, purchasing and quality operations for all nine of the company’s divisions. At Goldshield, he spearheaded initiatives that resulted in a 400
Skyline Picks Foxworthy to Head Operations Read More
In the news from CNNMoney: Chesapeake Energy denies bankruptcy rumors. 4,279 U. S. citizens cut their official ties to U. S., up 20% over last year. Citigroup says fear the ‘oilmageddon’ recession. Gas is near $1 dollar in some markets. India ignores global slowdown, economy grows 7.3 percent. Economics professor
Deer Valley Spikes Nearly 25% as Dow Falls over one Percent Read More
As MHProNews reported Dec. 21, 2015, professional services firm Dewberry assisted with the siting of manufactured homes for the Oglala Sioux tribe on the Pine Ridge Indian Reservation in South Dakota, marking the first presidential disaster declaration made directly to an Indian tribe. From directionsmag, MHProNews has learned Dewberry has
Dewberry Still Assisting Sioux with Manufactured Homes Read More
Rents have arrived at a historic high, similar to where they were during the housing bubble of 2008, as ktep.org tells MHProNews, according to statistics from the Commerce Department. The old rule of thumb to never spend more than a third of your income on housing is out the window.
High Rents Yield Hard Times for Low/Fixed Income Families Read More
What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors
Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More
Following a story MHProNews posted Jan. 14, 2016 regarding GSEs Fannie Mae and Freddie Mac’s multifamily loans for 2015, which totaled just under $90 billion, rebusinessonline reports CBRE was Freddie’s highest-producing multifamily mortgage seller with $6.96 billion in originations. Making the announcement at the Mortgage Bankers Association (MBA) convention in
Wells Fargo was Freddie’s Top MHC Seller in 2015 Read More
MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) will release its fourth quarter and year end 2015 financial results before the market opens on Thurs., Feb. 18, 2016. Later that same morning at 10:00 AM eastern time Patrick intends to host a conference call to discuss the results
Patrick to Release Financial Results Feb. 18 Read More
In the news from CNNMoney: U. S. exports drop for first time since Great Recession. Chinese group buying Chicago Stock Exchange. Berkshire Hathaway spends $964 million to increase share of Phillips 66 stock to 14 percent of all shares. Unemployment falls to 4.9 percent, lowest in eight years. Key Fed
MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster Read More
In its attempt to grow in Pennsylvania and New York, Clayton Homes has acquired G&I Homes of Frankfort, New York according to uticaod. Founded by Gerald and Irene Bushey in 1965, the six upstate manufactured home locations will continue to be run by members of the Bushey family, including son
Clayton Acquires Manufactured Home Retailer G&I Homes of New York Read More
As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing
Effective for mortgages with settlement dates after Jan. 4, 2016, a bulletin from Freddie Mac says as part of their initiative “to responsibly expand homeownership,” it is updating mortgage insurance requirements for Home Possible Mortgages. If an H P Mortgage is secured by a manufactured home, it will be subject
Freddie Mac Updates Manufactured Home Mortgage Insurance Read More
In the news from CNNMoney: After cutting workers and selling assets, big oil is now cutting dividends, while U S. is running out of storage facilities for oil. 12.7 million Americans sign up for Obamacare 3.0. Bull market for water stocks follows Flint crisis. U. S. job cuts hit 218%
Affiliated Managers Group, Louisiana Pacific Post Solid Gains Read More
Following MHProNews‘ post Jan. 28, 2016 regarding the Manufactured Housing Association for Regulatory Reform’s criticism of HUD for increasing the inspection of on-site manufactured homes, which also increases the cost to the consumer, the Sept. 8, 2015 rule is set to take effect March 7, 2016. Presented during the Louisville
MHARR Presses MH Administrator to Retract New On-site Rule Read More
CMH Homes of Belfry, Kentucky, dba Oakwood Homes, is the target of a lawsuit by a West Virginia couple who claim the manufactured home they purchased and had installed on their land was defective, and/or improperly installed. Deba and Zachary Hubert purchased the home in June, 2014, according to what
Couple suing Oakwood Homes for Alleged Defective Home Read More
In the news from CNNMoney: Super bowl 50 on track to be the most expensive sporting event in U. S. history with tickets averaging $4,957. Venezuela now importing U S. oil. Cannabis industry sales at $1.8 billion in 2013, anticipated to have hit $5.4 billion in 2015. While the Fed
MHCV Falls -3.78%, Deer Valley Drops -19.05 Percent Read More
