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.
Noteworthy headlines on CNNMoney – Yahoo hack renews doubts about Verizon deal. Fox News’ Monica Crowley to join Trump administration. China clears key hurdle to buy Chicago Stock Exchange. Trump chief of staff Priebus: White House press briefings could be changed. Some bullets from MarketWatch – Dollar surges as Fed […]
Cavco Industries Inc. (NASDAQ:CVCO) remains on the radar of investors, with a number of them increasing their stake in the company. In their November 8th earnings report, Cavco delivered $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had a net
Recent Investor Moves in Cavco Industries Examined Read More
Representative Garret Graves (R- LA) is not pleased with the Federal Emergency Management Agency (FEMA). “FEMA’s response to the catastrophic floods that damaged much of south Louisiana in August has been unacceptable and needs to be ‘Cajunized,’” Graves told the Press Club of Baton Rouge on December 12th. The term
Cajunize! State Rep Says FEMA Response “Defines Common Sense” Read More
The Departments of Justice (DOJ) and Housing and Urban Development (HUD) released updated guidance on the application of the Federal Fair Housing Act (FHA) to state and local land use planning laws on December 12th. “The guidance is designed to help state and local governments better understand how to comply
DOJ, HUD Update Existing Guidance Despite Calls for a Moratorium Read More
Noteworthy headlines on CNNMoney – Dow falls 119 points after Fed hikes interest rates and says 3 more increases are coming in 2017. Trump meets with top Silicon Valley execs. Japan opens door to $30B casino industry. Wells Fargo faces new trouble for its “living will.” Some bullets from MarketWatch
Manufactured Housing CV Hit Hard, Broader Markets Down on Fed Rate Hike Read More
The Linton, Indiana City Council voted on December 12th to move forward with a manufacturing housing ordinance, which will require all future manufactured homes to be in a manufactured home community. The controversial motion passed with a 3-2 vote, with council members Tony Richards and Linda Bedwell casting dissenting votes.
City Council Approves Controversial Manufactured Housing Ordinance Read More
The Federal Housing Finance Agency (FHFA) finalized a rule on December 13th that creates a “duty to serve” for Fannie Mae and Freddie Mac. The action is aimed at having government-sponsored enterprises (GSEs) enter the market for manufactured home loans by creating a pilot program under which they receive credit
FHFA Makes Major Move, Significant Impact Expected on MH Loans Read More
The Manufactured Housing Consensus Committee (MHCC) voted to recommend significant changes to a December 8, 2016 draft of the Department of Housing and Urban Development (HUD) “Interpretive Bulletin” (IB) on requirements for so-called “frost-free” and “frost-protected” foundations in areas with freezing climates. The action, by the full MHCC follows a
MHCC Recommends Significant Changes to HUD Frost Free Foundation Bulletin Read More
Residents of a San Leandro, California manufactured home community are facing rent increases next month, but they may get assistance from city leaders through a proposed minor home repair program. According to the East Bay Times, the proposal was presented by San Leandro staff at the City Council meeting on
City Weighs Repair Assistance Options for MH Community Residents Read More
Enerdynamic Hybrid Technologies Corp. (EHT) of Toronto, Ontario, Canada has signed a letter of intent to build 50,000 modular homes in Ivory Coast for military families, according to what Baystreet.ca tells MHProNews. Maple Leaf Holdings SA, of which EHT is a shareholder, will construct two, three and four bedroom homes
Canadian Modular Home Builder Gains Foothold in African Market Read More
The National Federation of Independent Businesses’ (NFIB) small business optimism index rose from 94.9 to 98.4 in the wake of president-elect Donald Trump’s victory in the U. S. elections, marking the largest increase since 2009. “This month we bifurcated the data to measure the results before and after the
Business Optimism Rises with Trump’s Ascendancy, as Energy Issues take Center Stage Read More
Noteworthy headlines on CNNMoney – Trump stock rally shows no sign of slowing. Google moves closer to self-driving cars. Cuisinart recalls 8 million food processors. Ammo imports booming to keep up with gun sales. Some bullets from MarketWatch – Dow closes in on 20,000 as S&P 500, Nasdaq hit all-time
Although an article in The Advocate from Oct. 16, 2016 states Federal Emergency Management Agency (FEMA) manufactured housing units (MHUs) targeted to survivors of flooding in August in Louisiana cost around $100,000 to build, transport and install, a current article in the same publication states FEMA is paying $129,200 for
The Costly Crawl of Bureaucracy: FEMA at its Finest? Read More
Spur, Texas. Portland, Oregon. Fresno, California. All of these cities have jumped on board with the “tiny house” movement as a solution to the housing crunch. It looks like San Luis Obispo, California may become the next to join them. According to the San Luis Obispo Tribune, a local nonprofit,
New Mayor, Local Nonprofit, See Solution to Housing Crunch in Tiny Homes Read More
Noteworthy headlines on CNNMoney – Trump calls fighter jet costs “out of control.” Bill Gates will lead new $1 billion clean energy fund. Wells Fargo scandal spreads to Prudential Insurance. JCPenney, Kohl’s, Macy’s and Sears sued over misleading prices. Some bullets from MarketWatch – Viacom stops exploring potential deal with
Skyline and MHCV slides, Broader Markets Mixed, Dow Notches Another Record Close Read More
Hundreds in Washington D.C. braved cold temperatures overnight with hopes of being considered for affordable housing being made available. According to WUSA 9, the first 200 people in line were accepted inside to begin their applications. If approved, they would be put on a waiting list for affordable housing at
Hundreds Wait in Line for Affordable Housing, Solution Remains in Plain Sight Read More
UMH Properties (NYSE: UMH) is seeing significant growth in Nashville, Tennessee and hopes to shed the “trailer park” perception around manufactured housing. Could positive publicity also be fueling a rise in stock prices for the Freehold, New Jersey based company? With the sharp rise in demand for housing, UMH wants
UMH Draws Publicity, Stock Price Spikes…Coincidence? Read More
Tens of billions of dollars are at stake. That translates to millions of dollars that are routinely being spent in each of the local markets that manufactured housing industry companies and communities serve. Manufactured home professionals are aware of the ongoing issues that the industry faces. Many of them are
Billions Involved in Mainstream Media and Public Officials Engagement Read More
A resident of a manufactured home community in Bradenton, Florida who was helping clean out a neighbor’s home Saturday morning was greeted with a nasty surprise – a grenade strapped to a package with a highly flammable substance. According to a news release, the resident of the manufactured home at
Dangerous Surprise Found by Neighbor Cleaning Out Manufactured Home Read More
As December rolls on, a new set of featured articles are found on the MHProNews.com home page. Our theme for this month is: DAAD = Dramatic! Advent! Adventure! December 2016! To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link
