News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Some interesting tips regarding mortgage down payments have come from one of the most famous places in New Mexico. According to the Taos News, the median down payment for first-time home buyers has been six percent for three straight years. And in the National Association of Realtors’ (NAR) “aspiring home buyer […]
Tips from Taos – Mortgages Read More
When the “Oracle of Omaha” speaks, people listen. Actually, millions of people listen. On February 25th, Warren Buffett delivered his annual letter to shareholders. In his letter, the manufactured housing industry was front and center, as Buffett discussed Clayton Homes. “Clayton and Berkshire have been a wonderful partnership,” wrote Buffett.
The Report, Warren Buffett, Kevin Clayton and Clayton Homes Read More
Residents in Fairfield, Connecticut are being treated to quite an event. According to News 12, construction crews are assembling a multimillion-dollar modular home in town on North Benson Road. The home is so large, with 18 sections, that each of them was brought in and dropped into place by a crane.
A Luxury Modular Home? Read More
Noteworthy headlines on – CNNMoney – Trump promises insurers a “fantastic plan.” Buffett: Market not in a bubble, still looks “cheap.” Trump meeting with regional media outlets. Tesla gets downgraded to “sell” by Goldman Sachs. Some bullets from Fox Business – Dow, S&P 500 close at record as Trump talks
Skyline Soars, Manufactured Housing CV, Broader Markets Up Read More
Manufactured home communities are often “lightning bolts” when it comes to news. In the instance of the Sunny Acres Mobile Home Park in Tampa, Florida, it’s literal. According to WFLA, a high voltage, electric underground cable is lying above ground, on the sidewalk in the community, and it’s been there
Reza Dormanesh, father of Soheyla Kovach, died today in Tehran, Iran. He was undergoing cancer treatment. He was 83. Dormanesh was involved for most of his adult life in the building trades, after serving in the military. He made his daughter Soheyla’s university education possible, and later assisted
Passages: Reza Dormanesh, father of Soheyla Kovach Read More
Usually, the addition of a new home to a neighborhood is greeted as something good, viewed as a benefit to the others as it could increase property values. That’s not the case in Shreveport, Louisiana. A manufactured home in the city’s Highland neighborhood is getting some attention from upset residents.
NIMBY Strikes Again? Read More
The Louisiana floods of 2016 devastated Baton Rouge, and left many without homes. It also left more questions than answers in the response from the Federal Emergency Management Agency (FEMA). And now, one member of Congress is demanding answers, including why 84-year-old Baton Rouge resident Everett Wilson died in his
Congress Demands Answers from FEMA Read More
“The road to hell is paved with good intentions.” – American Maxim. “Why not half-a-million [new manufactured homes sold annually]? We can get there.” – Richard “Dick” Jennison, president and CEO, Manufactured Housing Institute (MHI). “James McGee and Chet Murphree said it very well on a video, it’s
Weaponized, Faked News Harms Manufactured Housing Homeowners, Professionals Read More
As we wrap up the month of February, our featured articles are on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link
Sun Communities, Inc. (SUI) has reported its Q4 2016 earning results. Total revenues for the quarter increased $50.4 million, or 30.0 percent, to $218.6 million compared to $168.2 million for the same period in 2015. Net loss attributable to Common Stockholders was $1.6 million, or $0.02 per diluted common share,
Sun Communities Reports Q4 2016 Earnings Read More
Elkhart, Indiana-based Skyline Corp. (NYSE: SKY) announced in an 8-K filing with the SEC last week that it plans to suspend operations at its manufactured housing facility in Mansfield, Texas. “The suspension is due to the plant being unable to profitably operate since it was converted from producing recreational vehicles
Skyline to Suspend Facility Operations Read More
Noteworthy headlines on – CNNMoney – CNN and other media barred from press briefing. New York Republicans’ alternative to “tuition-free” college. What young conservatives think of the media. Democrats fear recession, Republicans see a boom. Some bullets from Fox Business – Trump orders federal agencies to identify unnecessary regulations. Nigel
ELS, Manufactured Housing CV Up, Broader Markets Gain Read More
Sam Zell, a name familiar to the manufactured housing industry, spoke to TheStreet recently at a conference in Boca Raton, Florida, about the “staggering economic opportunity” for the U.S. under President Donald Trump. “Trump’s vow to cut government regulation could lead to one trillion of (economic) stimulus without spending anything,
Zell Speaks on Economic Opportunities Read More
In Corpus Christi, Texas, Andy Taubman has once again presented manufactured housing as an affordable solution to an ongoing challenge for the city. Taubman, former chairman of the Streets Committee, believes that using manufactured homes as infill is viable, and has proposed the solution to the city council on two
MH Presented as Solution for Affordable Housing Read More
In Japan, the “styrofoam dome” prefab home is all the rage. The Japan Dome House Co, Ltd has come up with the design, which delivers a certain level of chic, and takes up less space than conventional home. Then, there’s the price – the homes start at $30,000. There are
A Different Kind of Prefab Dome Read More
Noteworthy headlines on CNNMoney – Mnuchin: Expect tax reform by August. Trump meets with top US manufacturers. Uber investors blast company culture. What Boeing’s new 737 Max 9 has under the hood. Some bullets from Fox Business – Time Warner to sell TV station amid AT&T merger. S&P 500 edges
TCN Up, Manufactured Housing CV Down, Broader Markets Mixed Read More
The January U.S. home sales report is out and shows that sales have reached their highest level in a decade, despite limited supply and rising prices. According to The Real Deal, deals on previously owned homes, which comprise the overwhelming majority of U.S. sales, hit a seasonally adjusted annual rate
January Home Sales Report Results Read More
In Lansing, Michigan, the city has been granted permission to demolish what they consider to be a huge eyesore. Life O’ Riley Mobile Home Park was closed down in February 2014, and over 200 residents were moved from the community. According to city officials, it has been a safety concern
Shuttered MHC to be Demolished Read More
In Palm Beach County, Florida, shipping containers are getting a new lease on life in a very interesting way. The containers are being turned into what Jupiter real estate agent Rick Clegg is calling an “up cycled eco retreat,” a white, two-story house that looks like a rustic steel cabin.
Shipping Containers Given New Life Read More
