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.
Sun Communities Inc. (NYSE:SUI) has seen a number of investors either increase or take new positions in the company recently. After reporting better than expected results during their Q3 earnings call on November 1st, including revenues of $249.70 million for the quarter (compared to analysts’ expectations of $146.83 million), Sun […]
Investors Increase Stakes In Sun Communities Read More
In a highly charged campaign that focused on rent control measures for manufactured home communities, Humboldt County, California’s Measure V passed on November 8th with 54.57 percent of the vote. The Daily Business News has covered the measure V battle extensively, breaking the measure down to its key points: Manufactured
Rent Control Measure Victorious, Questions, Issues Remain Read More
This month, we continue with our thought-provoking theme: Entrepreneurs November in MHVille 2016. That link will take you to all of the featured articles and interviews this month. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. What
IMPACT 20/20, an influential group of northwest Minnesota leaders representing diverse interests created to advance the region’s economic success, formed a task force in 2016 to address housing needs of the region. The group will host a housing summit on Wednesday November 16th, with a focus on workforce housing. According
Housing Summit to Address Workforce Housing, Showcase Manufactured Housing Read More
Noteworthy headlines on CNNMoney – Buffett hasn’t sold a single share of Wells Fargo. Facebook decides that many of us are dead. Peter Thiel joins Trump’s transition team. New York Observer ends print edition. Some bullets from MarketWatch – Dow ends at record, scores best weekly gain in five years.
Manufactured Housing CV Up 3.54 Percent, New Record High for Broader Markets Read More
Institutional investors appear to be pleased with UMH Properties Inc. (NYSE: UMH), with 44 managers opening or increasing stock positions. UMH shares have risen 20.27 percent since April of this year, and the company has outperformed the S&P 500 by 18.31 percent. According to Frisco Fastball, UMH is expected to
Investor Sentiment Better than Expected for UMH Properties Read More
A British Columbia, Canada appeals court has ruled in favor of the Squamish Nation in a case involving the Capilano River RV Park, formerly known as the Capilano Mobile Park in West Vancouver. The series of events stretches back to 2008, where the Baker family had operated the community since
Tribal Nation Wins Appeal in “Mobile” Community Case Read More
Coming off of their most recent earnings report on October 18th, which included a 7.7 percent increase in revenue, Equity LifeStyle Properties, Inc. (NYSE:ELS) saw one investment firm lower its stake in the company. Venturi Wealth Management LLC lowered its position by 5.3% during the second quarter to 30,680 shares
Investors, Analysts Weigh in on Equity LifeStyle Properties Read More
Noteworthy headlines on CNNMoney – Uncertainty over Trump deals blow to tech stocks. U.S. traffic to New Zealand immigration sites soars. Yahoo warns Verizon might kill $4.8B deal. Some bullets from MarketWatch – What President-elect Trump means for companies, by sector. Elizabeth Warren says she’ll fight Trump over dismantling Dodd-Frank.
Affiliated Managers Group Up, MHCV Down, Broader Markets Mixed, Dow Sets Record Read More
Residents of the Prince Mobile Home Park in Tucson, Arizona lost power – and it seems there’s nothing that they can do about it. “There’s no power in this place at all. None of the trailers [sic] here got power,” said resident David Vaughn. According to Tucson News Now, Tucson
Utility Shutdown Could Lead to MH Community Being Condemned Read More
Cavco Industries (NASDAQ: CVCO) reported financial results for Q2 2016 on November 8th. Net revenue for the second quarter was down 1.9 percent from Q2 2015 to $188.3 million, while net revenue was up 5.6% for the first six months of the year compared to the same period in 2015.
Cavco Industries Reports Q2 Results Read More
On Tuesday night as election results began to look grim for Hillary Clinton’s campaign, Dow, S&P and Nasdaq futures all began to tumble. Maria Bartiromo on Fox Business said she expected that initial reaction, much as happened in England over their Brexit vote. But Bartiromo said that just as stocks
Stocks Plunge & Surge – Unity and Protests Read More
The Renton, Washington city council passed an emergency ordinance last night that prohibits property owners and managers from discriminating against current or potential tenants based on their participation in the Section 8 program. The vote was unanimous and the ordinance takes effect immediately. “When a group of tenants who participate
Ordinance Preventing Section 8 Discrimination Passes Read More
Noteworthy headlines on CNNMoney – Wall Street welcomes Trump with a bang. Tech founders want California to secede. Market for legal pot could pass $20 billion. Wall Street traders boo Hillary Clinton; chant “Lock her up!” Some bullets from MarketWatch – Dow pivots more than 250 points higher after Trump presidential win.
Skyline spikes, leads MHCV as Dow Swings 1000 Points On Trump Victory Read More
Modular housing has seen significant progress over the years, with many levels of creativity. Revolution Homes, which the Daily Business News covered recently, has partnered with a number of designers to create progressive models. The team at HD-Channel has created a fun video that takes a look at the future of
“Amazing Future Homes” Video Read More
TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN). TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00. Scotiabank also restated their “perform” rating on Killam in a report
TD Securities, Scotiabank Restate Positive Ratings for Killam Properties Read More
Noteworthy headlines on CNNMoney – Will Elizabeth Warren gain more clout? Warren Buffett shuttles voters to polls on Omaha trolley. Brexit blows $31 billion hole in British budget. Hertz falls off a cliff after cutting its forecast. Some bullets from MarketWatch – CVS is about to lose more than 40
Sun Communities, Universal Forest Products Up, MHCV Down, Broader Markets Steady Read More
State officials continue to investigate what happened at a Richmond, Rhode Island manufactured home cooperative. The Westerly Sun reports that state police are trying to figure out what happened to missing money at the Hillside Mobile Home Park, which led to the arrest of the co-op’s president, Maria Tavares on
Money Missing from MH Cooperative, President Arrested Read More
The world is waiting for election results out of the U.S., says USA Today. So, the after-midnight votes in New Hampshire towns are part of the tea-leaves-reading by global media and pundits. NH state law allows results to be published once all voters have voted. Traditionally Republican strongholds, the area
Trump has 32-25 lead in NH, Brits say Election for “Soul” of America Read More
Residents of the Melrose Mobile Home Park will have to move. According to TWC News, city leaders in Wilmington, North Carolina are moving forward with a plan to rezone parts of Wrightsville Avenue. Officials said the zoning became necessary due to continuous population growth. The city plans to designate the
Residents Forced to Move Due to Rezoning Read More
