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.
Residents of Valley View Estates in Archibald, Penn. are in a state of limbo. On the surface, the culprit is bankruptcy. Digging deeper, what caused the bankruptcy appears to be a case of mismanagement. According to The Times-Tribune, park owners Margaret Mary Barrett and Egan Enterprises, Inc. filed for bankruptcy […]
Manufactured Home Community Bankruptcy Puts Residents in Limbo Read More
Two Alberta, Canada based companies are teaming up to create a modular solution to affordable housing. According to reminetwork, Edmonton-based Step Ahead Properties and Calgary-based Ladacor Advanced Modular Systems have launched construction on their new modular apartment, an affordable housing development at Westgate Manor in Glenwood. The development will be the
Modular Helping to Solve Affordable Housing Challenges Read More
“When the distracting spectacles of this election season are over and the history of our time is written, the only important question will be whether or not that New Politics came too late,” said billionaire Peter Thiel, whose tech investments include Facebook and PayPal. Addressing the National Press Club about
Noteworthy headlines on CNNMoney – America’s truckers getting biggest pay raises. Gas price spikes, shortages coming after pipeline blast. How much you’ll really pay for Obamacare. Super-rich investigated for paying too little tax. Some bullets from MarketWatch – Apple’s stock suffering fifth straight loss after earnings. Bank of America cuts
MHCV, Broader Markets Hit Hard, Affiliated Managers Group Lone Bright Spot Read More
Drew Industries Inc. (NYSE: DW) has announced their acquisition of Elkhart, Indiana based Atwood Mobile Products, Inc. via Lippert Components, Inc. (LCI), a wholly owed subsidiary. The sale is expected to be completed in November. “Atwood has been a household name in the RV and trailer markets for over 30
Drew Industries Completes Fourth Acquisition of 2016 Read More
Ministers in the United Kingdom (U.K.) are planning to tackle the nation’s housing crisis with more than 100,000 prefab homes in a effort to meet their goal of providing one million new homes by 2020, according to The Guardian and The Construction Index. A white paper from the government, due
Prefab to the Rescue in Housing Crisis Read More
Noteworthy headlines on CNNMoney – Donna Brazlie out at CNN. Mexico posts worst growth in two years. GE bets on oil with Baker Hughes deal. Britain’s new pound coin won’t fit into vending machines. Some bullets from MarketWatch – S&P 500, Dow book third straight monthly loss. Fed expected to
Louisiana-Pacific Leads Up Day for MHCV, Oil, Broader Markets Down Read More
Revolution Precrafted Properties, a company that brings together over 30 of the world’s preeminent architects, artists and designers to create an exclusive series of prefab, livable spaces, has announced three new designs by Paulo Mendes Da Rocha + Metro, Massimiliano & Doriana Fuksas, and Philip Johnson Alan Ritchie Architects. According
Revolution Precrafted Properties Debuts Three New Designs Read More
The Federal Emergency Management Agency (FEMA) has announced that residents in Georgia’s Liberty and Long counties have been approved for FEMA assistance in the wake of Hurricane Matthew. According to the Coastal Courier, FEMA’s amended “declaration of major disaster” issued on October 24th means homeowners and business owners may now
FEMA Approving Residents, Asking Manufactured Home Retailers to Sell Units Read More
Drew Industries, Inc. (NYSE: DW) has received a “buy” rating from analysts, according to a recent report from StockzIntellegence, Inc. Citigroup provided its “buy” recommendation on August 15th with a target price of $110.00, up from $85.00 in May. Drew Industries’ share price has increased 47.62 percent since March 24th, 2016
Drew Industries – Updated Rating from Citigroup Read More
We began the month with this thought-provoking theme: Obstacles and Opportunities in Affordable Housing – October 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
Sources are reporting that the FBI investigation of former congressman Anthony Weiner’s sexting with an underage teenage girl in North Carolina has led federal investigators to discovering “thousands” of emails, some of which relate to Hillary Clinton’s well-publicized email woes. Just when former Secretary Clinton thought that those pesky laws
Hillary’s Huma Abedin Weiner Schnitzled FBI Meltdown – Campaign 2016 Update Read More
The Boulder City, Nevada City Council has unanimously approved the request of developer Randy Schams to rezone 7.33 acres of land he owns in the city to a multi-home residential area. A number of regular Daily Business News readers may recognize Schams’ name, as part of our coverage on the Boulder City
City Council Approves Rezoning of Manufactured Home Community Read More
Noteworthy headlines on CNNMoney – Civil rights groups brace for “chaotic election.” Warren calls out KPMG for Wells Fargo disaster. U.S. economy posts best growth in 2 years. Some bullets from MarketWatch – FBI restarting probe into Hillary Clinton’s emails. Drug stocks sink as backlash against price hikes hits bottom lines.
Equity LifeStyle Properties Leads Up Day for MHCV, Broader Markets Down Read More
Deputies in Jones County, Mississippi got some help on an arrest, thanks to Facebook. When dispatched to a burglary call at Farris Manufactured Homes on Highway 28 in Jones County on October 26th, deputies found two manufactured homes burglarized. In one of the homes it was discovered that a refrigerator
A Facebook Sale Turns Into Arrest at Manufactured Home Retailer Read More
The potential for economic growth usually brings the promise of a windfall for many, including landowners. With that growth, potential challenges can also appear. In Kitimat, British Columbia (B.C.), the potential for future pipelines, liquefied natural gas (LNG) plants and the Rio Tinto Alcan smelter brings with it the promise
Potential Economic Boom Presents Affordable Housing Challenges Read More
Directors with the Sunshine Coast Regional Districts’ (SCRD) planning and community development committee in British Columbia, Canada addressed a referral from the District of Sechelt earlier this month, regarding an expansion proposal from the owners of the Big Maples manufactured home community. According to the Coast Reporter, Big Maples will
Manufactured Homes Expansion Welcomed as Affordable Housing Option Read More
As the manufactured housing (MH) industry develops its value proposition as a solution to the waning American dream of home ownership, a recent comparison of company stock value and ROI, sheds light on just how powerful the industry’s potential could be. According to Capital Market Labs, in a recent comparison
Head-to-Head: Cavco Stock Three Times Higher Value Site Builder MDC Read More
Noteworthy headlines on CNNMoney – IRS impersonators accused of stealing from elderly. 401(k), IRA contribution limits won’t go up in 2017. Murdoch discusses Fox News contract talks. Europe rescues its huge free trade deal with Canada. Some bullets from MarketWatch – CenturyLink in advanced merger talks with Level3 Communications. U.S.
Berkshire Hathaway, Louisiana-Pacific Up on Down Day for MHCV, Broader Markets Read More
Management of Clayton Homes in Chino Valley, Arizona has asked the town council for a break on sales taxes, stating that what is now the highest rate in the region is hurting business. “My own (company’s) sister stores are my biggest competitors,” said Dave Rowe, general manager of Chino Valley’s
Officials – Tax Break sought by Clayton Homes Read More
