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.
Federal Reserve Chair Janet Yellen recently implied that an interest rate hike is just around the corner. “A rate hike could well become appropriate relatively soon if incoming data provide some further evidence of continued progress toward the committee’s objectives,” said Yellen in her testimony before Congress’ Joint Economic Committee recently. According to […]
Forecast: Chance of a Fed Rate Hike 100 Percent Read More
For residents in need of affordable housing in and around Glenwood, Colorado, modular homes are helping to provide the solution. One of the first substantial additions to affordable housing stock in the area is underway in Roaring Fork Valley, as Crawford Properties LLC is adding 46 affordable housing units to
Affordable Modular Housing Opportunity Helps Desperate Residents Read More
In an interview on November 21 with Charles Payne of Fox Business Network, BGC Partners Senior Strategist Steve Cortes and Paul Dietrich of Fairfax Global Markets explained why the markets have gone up since Donald Trump was elected president. Many of the points raised by Cortes and Dietrich dovetail with
Charles Payne, Steve Cortes & Paul Dietrich-Market Rally, What’s Next – Video Read More
“I think Dr. Carson is an intelligent man – he’s a free thinker, he’s a compassionate person, a quick study obviously and I think that he can do the job,” former HUD Secretary during the Clinton administration, Henry Cisneros told FOX Business Network’s Mornings with Maria. The pick is an important
Former HUD Secretary Cisneros on Dr. Ben Carson as HUD Secretary Read More
Supermarket giant Tesco, along with other chains, are exploring a bold new solution to the housing crisis… and offsetting their costs. Tesco and the other groups are in discussions with Apex Airspace, a property developer that specializes in buying the air rights above existing buildings and adding modular housing units
A Radical New Solution to the U.K. Housing Crisis Read More
In a case that stretches back to July 2015, a Columbia County, Wisconsin circuit court judge ruled in favor of manufactured home owners in the Christmas Mountain Campground. The ruling reinstates a permit to operate. The permit was originally revoked in July 2015 by the Sauk County Board of Adjustments
Judge Rules for Manufactured Home Owners In Christmas Court Case Read More
Noteworthy headlines on CNNMoney – Why millions may now lose eligibility for overtime pay. Mortgage rates climb above 4% for first time this year. Ivanka Trump’s company: “Our mission is not political.” What about the black working class? Some bullets from MarketWatch – Caterpillar’s stock leads Dow gainers after peer
Cavco, AMG Lead Manufactured Housing Comp, Another Dow Record Read More
Linda and David Brown are founders of The Gathering Tree, a nonprofit organization that operates an evening drop-in center for homeless people in Springfield, Missouri. They had a vision to be able to do more. And they did. The Gathering Tree has purchased a 4.5-acre tract of land in north Springfield
After Land Deal, Tiny Manufactured Homes to the Rescue for the Homeless Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) has joined with President-elect Trump and leaders in Congress in calling for federal agencies to place a moratorium on pending regulatory actions during the final days of the Obama Administration. MHARR tells the Daily Business News that they are calling on the
MHARR Calls for Federal Moratorium On Critical Regulations Read More
Even though the candidate that he backed lost the election, Warren Buffett has still made out in a major way. According to CNBC, the multi-billionaire chairman of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset on November 8th. Buffett has benefited particularly well from the
Warren Buffett Billions Richer, Check His Huge Gains After Trump Win Read More
Noteworthy headlines on CNNMoney – Stunning! Dow hits new high of 19,000. Trump tells NYT it was “roughest of all” on him. Trump “seriously considering” Ben Carson for HUD. Boeing reorganizes into three parts. Some bullets from MarketWatch – Dow industrials take more than 480 trading days to go from
Skyline, Drew lead MH Comp Value Charge, Dow Above 19,000 for First Time Ever Read More
In what community residents are calling an effort to push them out, the new ownership of the Trailer Haven RV and Mobile Home Park in San Leandro, California is raising rents in a part of the country that already boasts record high housing costs. “I understand many are concerned about our
Manufactured Home Community Residents Protest Rent Increase Read More
Universal Forest Products Inc. (NASDAQ:UFPI) has announced its Q3 2016 earnings results, including record revenues. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ estimates of $1.35. UPFI earned a record $826.70 million during the quarter, with a net margin of 3.27 percent and a return
Universal Forest Products Announces Earnings Results Read More
The DeRidder, Louisiana City Council introduced proposed ordinances that will determine where residents can place modular housing, and under what conditions, during a meeting on November 14th. One of the ordinances allows for the placement of modular homes in districts zoned as B-1, (transitional business district,) R-2 (higher density single
City Considers Modular Home Restrictions Read More
“Dodd-Frank was never meant to and never should have been applied to manufactured homes in manufactured home communities,” says Sam Landy, CEO of UMH Properties. “There is no mortgage and our residents are fully protected without Dodd-Frank.” Landy, an attorney who is leading the rapid growth of his firm, shared
The Kentucky Economic Development Finance Authority (KEDFA) has awarded tax incentives to two businesses, including $20,000 for a $1.2 million operation that would utilize prefab to provide homes and light commercial buildings in five states. Blueframe Design + Build is the brainchild of James C. Burris Architects, and plans to
Economic Development Authority Awards Tax Incentives to Prefab Builder Read More
Noteworthy headlines on CNNMoney – Top network execs, anchors meet with Trump. Feds “tightening straitjacket” around Wells Fargo. Chicago O’Hare airport workers to strike November 29th. The New York Times announces new general counsel. Some bullets from MarketWatch – Dow, S&P 500, Nasdaq surge to record highs. Oil at 3-week
Manufactured Housing CV, Broader Markets Finish at Record High Read More
For Trentham, New Zealand-based Matrix Homes, they believe the answer is yes. According to Voxy, Matrix Homes is about to enter the high-rise market offering steel frame modular construction for hotels and apartment buildings. This follows the signing of an agreement to partner with Alto Australia, a company with 30
Multi-Story Modular – The Answer to Rising Costs? Read More
New data from the U.S. Census Bureau shows that new home construction increased significantly in October. Privately owned housing starts were up 25.5 percent for the month, beating the revised estimate of 1.05 to 1.32 million in September. The number is also up 23.3 percent when compared year on year.
Housing Starts See Biggest Gains in Ten Years Read More
Triad Financial Services, Inc. (Triad) today announced loan origination data for the first 9 months of 2016. A total of 5,684 loans have been funded by Triad for the 9 months ending 9/30/16, a 35 percent increase over the same period in 2015. “I am very proud of the entire
Triad Financial Services Announces Record Loan Origination Volume Read More
