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 – 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
We continue with our thought-provoking theme for the month: 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.
The goal of the incoming Trump administration with regard to Dodd-Frank has been made clear. “To dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.” President-elect Donald Trump pledged throughout his campaign to get rid of what he called “stifling regulations.” According
Dodd-Frank, CFPB Deep in Trump Administration Cross Hairs Read More
Noteworthy headlines on CNNMoney – Small-cap stocks are on fire since Trump win. Chicago O’Hare airport workers plan Thanksgiving strike. Change is coming to McDonald’s. Trump to remake board that rejected his hotel. Some bullets from MarketWatch – Global bonds just endured their worst selloff in more than 13 years.
Skyline, Cavco Lead Up Day for the Manufactured Housing CV, Broader Markets Down Read More
In South Carolina, it’s manufactured housing to the rescue. According to WLTX19, the South Carolina Disaster Recovery Office has received a $96 million grant from the Department of Housing and Urban Development (HUD), which they plan to use to assist people impacted by floods in October. The recovery program is
Flood Recovery Grant to Help Flood Victims with Manufactured Homes Read More
Fresh off of their quarterly earnings call on October 31st where they beat analysts’ expectations, Affiliated Managers Group (NYSE:AMG) saw Sterling Capital Management LLC increase its stake in the company by 5.9 percent during the second quarter. Sterling Capital Management now owns about 1.02 percent of AMG, valued at $77.22 million.
Investors Up Stakes In Affiliated Managers Group Read More
Government lender Freddie Mac has formed a partnership with Next Step Network, Inc., a Louisville, Kentucky-based non-profit housing intermediary, to roll out consumer education curriculum for manufactured home buyers. The initiative is intended to foster new relationships with active participants in the manufactured housing industry, including mortgage lenders, at the
Freddie Mac Forms Partnership, Rolls Out MH Education Curriculum Read More
