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.
As the U.S. and other countries around the world look for solutions to a growing housing crisis, that fight has come to what some would consider an unexpected place. According to the Cape Cod Times, the year-round crisis is mounting on Martha’s Vineyard in Chilmark, Massachusetts, and Marina Lent is […]
Tiny Homes, Elite Edition? Read More
The residents of Balls Ferry Fishing Resort & Mobile Home Park in Anderson, California, were dealt a blow by heavy rains this week, which caused the nearby Sacramento River to crest and flood the community. According to the Record-Searchlight, heavy rain slammed into the area on Monday and into Tuesday,
As Community Floods, Residents Prepare to Leave Read More
In a release to MHProNews, Security Mortgage Group’s Managing Director, Gerard D. DiMarco, Jr. informs the manufactured housing industry’s Daily Business News that the firm has secured 30 million dollars in lending for new and existing clients. As regular readers of the Daily Business News know, Security Mortgage Group is a four-time
January Manufactured Home Community Loans, 30 Million Dollars by Security Mortgage Group Read More
Washington, D.C., February 9, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, at a Federal Housing Finance Agency (FHFA) “listening session” in Washington, D.C. on February 8, 2017, President and CEO Mark Weiss reiterated and underscored previous remarks by MHARR representatives. Weiss asserted that the
MHARR to FHFA: Duty to Serve Requires Material and Expedited Support for MH Chattel Loans Read More
The National Association of Home Builders (NAHB) has expressed support of President Donald Trump’s actions to roll back the Dodd-Frank Act. As Daily Business News readers are aware, President Trump signed an Executive Order to begin the rollback process that will direct the Treasury secretary to review the 2010 Dodd-Frank
NAHB Commentary On Dodd-Frank Rollback Read More
Noteworthy headlines on CNNMoney – GOP declares all-out war on Elizabeth Warren’s agency. Wells Fargo poised to wipe out CEO’s bonus. Mexican farmer’s daughter: NAFTA destroyed us. Anthem to appeal judge’s order blocking Cigna merger. Some bullets from Fox Business – Stocks hit record high after Trump says tax plan
LPX, Patrick Soar, Manufactured Housing CV Rises Read More
LCI Industries (NYSE: LCII), formerly Drew Industries, reported earnings for Q4 2016 and year-end today. Consolidated net sales in the fourth quarter of 2016 were $403 million, 21 percent higher than Q4 2015 net sales of $334 million. Net income was $26.3 million, or $1.05 per diluted share, for the
LCI Industries Reports Q4, Year End Earnings Read More
The survey arm of insurance giant Legal & General believes it has the answer for bringing the mortgage market on board with prefab and modular home lending. “An industry-wide guarantee would help bring everyone to the market but, of course, their appetites will differ according to the requirements of their
Legal and General Reveals Secret for Modular, Prefab Lending Read More
It appears that Americans saw the election of Donald Trump as good reason to be optimistic. According to Newsmax, confidence in the U.S. economy soared to record highs at the time President Donald Trump officially entered the White House, as optimism was higher in January than in any other month
Economic Confidence Index Hits New High – the Trump Effect? Read More
Louisiana-Pacific Corporation (NYSE: LPX) reported results for the fourth quarter and year ending December 31, 2016 today. Total net sales for the fourth quarter totaled $550 million, 19 percent higher than the same quarter one year ago. Total net sales for the year were $2.2 billion, 18 percent higher than
Louisiana-Pacific Corp. Reports Q4 Earnings Read More
Noteworthy headlines on CNNMoney – Intel touts $7B factory investment in Trump meeting. U.S. stocks’ rate streak: 81 days without a 1 percent dive. Netflix wants to get into the toy business. Is Sears toast? Retailer’s stock hits all-time low. Some bullets from Fox Business – Dr. Alveda King: Sen.
LPX, LCI, Manufactured Housing CV Rise, Broader Markets Mixed Read More
The U.K. based Swan Housing Association is set to open its new 75,000 square foot factory in the borough of Basildon, about 32 miles east of London. According to Inside Housing UK, the new facility is part of a larger plan by Swan to invest £100M ($124M USD) into regenerating
Housing Association Opens Modular Factory Read More
A major blow was delivered to those who were working to defend the Consumer Financial Protection Bureau (CFPB) last week, when a federal appeals court denied their motions. According to Pay Before, the same three-judge panel of the U.S. Court of Appeals for the D.C. Circuit that determined the CFPB
Decisions in CFPB Appeal Read More
For the residents of Ba Mar Manufactured Home Community in Stony Point, New York, Superstorm Sandy is still fresh in their minds from the damage it inflicted in 2012. On January 26th, residents packed Stony Point Center to learn about what options would be available to them through the Governor’s
MHC Residents Hear Proposal for Superstorm Sandy Relief Read More
Silverpoint Homes, a West Virginia-based company that specializes in the sale and construction of modular houses, is the new owner of the former Nationwide Homes of the Triad in Whitsett, North Carolina. According to Triad Business Journal, this is the second location for Silverpoint Homes in the state, with the
Modular Builder Acquires Retailer, Misconceptions Corrected Read More
Noteworthy headlines on CNNMoney – U.S. airlines want Trump to take on Gulf rivals. U.S. autoworkers score record bonuses. Debate Night: Sanders vs. Cruz on CNN. GM sells 10M cars for first time thanks to China. Some bullets from Fox Business – U.S. Senate moves Jeff Sessions toward confirmation as
Cavco Soars, Manufactured Housing CV, Broader Markets Rebound Read More
In Boston, Massachusetts, as with many other cities around the world, housing demand is off the charts. According to Progrss, the case in Boston has compelled the city, along with the Mayor’s Housing Innovation Lab, Livelight and BSA Space to commission the design of a modular micro house called the
Do You Uhü? New Modular Design Tackles Housing Challenges Read More
In Bismarck, North Dakota, affordable housing is of vital importance. And, according to the Bismarck Tribune, a group of manufactured home community owners are petitioning the city commission for the creation of a task force to keep manufactured home community living affordable. “These homes represent the most affordable unsubsidized
MHC Community Owners Seek Code Changes Read More
For residents of the East End Mobile Home Park in Manassas, Virginia, hopes for an extension on an order to vacate are hanging in the balance. In a story that the Daily Business News has followed from the beginning, and through resident requests for a lifeline, Manassas city officials have
Residents Hope for More Time to Vacate MHC Read More
A visit to a manufactured home community in Chapmanville, West Virginia, by the Logan County Health Department quickly turned into a crisis. Community landlord George Evans told residents of the Caroline Estates Mobile Home Park on January 29th that they needed to be out of the community by January 31st
Bad Actor? MHC Residents Given 48 Hours Notice to Vacate Read More
