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.
In California, the San Francisco Bay Area is one of the most expensive places to live in the state. Some one-bedroom apartments in downtown San Francisco can start at $4000 per month. South of San Francisco, in the city of Sunnyvale, one of the last affordable housing havens in the […]
MHC Gets Reprieve – But for How Long? Read More
Noteworthy headlines on CNNMoney – Embattled WSJ editor defends paper’s Trump coverage. Verizon’s new plan: Consumers win, investors lose. Apple stock nears record high. Four Republican gripes about Obamacare analyzed. Some bullets from Fox Business – Justice Department Asks Seattle Judge to Defer Action on Trump Order. S&P 500 Tops
SKY, Cavco Up, Manufactured Housing CV, Broader Markets Rise Read More
In a story that we first covered last week, San Antonio Federal Credit Union (SACU)/CU Factory Built Lending (CUFBL)/Mountainside Financial tells MHProNews that they have changed their name to Credit Human Federal Credit Union. The change of name better reflects the credit union’s commitment to improving the lives of those
Industry Lender Announces Name Change Read More
In the Mohawk Valley of New York state, an ongoing battle between a manufactured home community and the town it’s in, one side landed what could be a knockout blow. According to the Times Telegram, Bill and Virginia Jaquish, owners of the Creekside Mobile Home Park in German Flatts have
Future Looks Bleak for MHC Read More
What’s the biggest factor driving site built property transitions? The answer may surprise you, but the opportunity for the manufactured housing industry won’t. According to National Mortgage News, research from the Mortgage Bankers Association’s Research Institute for Housing America (RIHA) shows that a homeowner’s equity position is one of the
Manufactured Housing – Hope for Ownership Versus Rentals? Read More
A new month means new-featured articles 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 above. Manufactured, modular and prefabricated home
In a story that MHProNews covered first in manufactured housing, Jim Clayton, Founder and Chairman of Clayton Bank and Clayton Homes, confirmed the “merger” of Clayton Bank and Trust and American City Bank (collectively “Clayton Banks”) and FB Financial Corporation (NYSE: FBK), in a deal valued at $284.2 million. This
Jim Clayton Exclusive on Clayton Bank/FirstBank Merger to MHProNews Read More
The town of Faro in the Yukon Territory of Canada wants to move the factory-built homes from land it owns in order to develop a recreational vehicle park, much to the consternation of residents who assert some of their homes are too old to move, according to what cbc.ca tells
Canadian Town wants Factory-built Home Site for RVs Read More
The proposed expansion of a manufactured home community in Water Valley, Mississippi, appears to have hit a snag after a city meeting this week. According to the Oxford Eagle, city officials said that the city does not have the capacity to provide sewage for the entire project. In response to questions
MHC Community Expansion Faces Challenges – NIMBY? Read More
Noteworthy headlines on CNNMoney – Sears gets new lifeline and stock soars 50 percent. Ford just invested $1 billion in self-driving cars. Here’s why Amazon might buy a big retailer. Kellyanne Conway unrepentant for Ivanka Trump plug. Some bullets from Fox Business – Trump’s Economic Promises Drive Wall Street to
TCN, UFPI Up, Manufactured Housing CV, Broader Markets Rise Read More
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
