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.
The Manufactured Housing Association for Regulatory Reform (MHARR) has released it’s November 2016 Washington Update, an exclusive report and analysis that addresses key issues with the U.S. Department of Housing and Urban Development (HUD). Covered in this month’s report: Fifty state installation power grab by HUD, including key highlights […]
MHARR November Washington Update, Exclusive Report and Analysis Read More
Washington, D.C., November 3, 2016 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing industry production increased again during September 2016, showing double-digit growth. Just-released statistics indicate
HUD Code Manufactured Housing Production Sees Double Digit Growth Read More
“The USC Dornsife/Los Angeles Times “Daybreak” poll tracks about 3,000 eligible voters until election day, asking on a regular basis about their support for Hillary Clinton, Donald Trump or other candidates as well as their likelihood of actually casting a ballot.” So says the LA Times in their politics polling
Where the Presidential Race Stands Today Read More
Noteworthy headlines on CNNMoney – Wells Fargo’s legal mess just got worse. Brexit roadmap: what happens next. FOX News gives Tucker Carlson a primetime show. Some bullets from MarketWatch – Stock market falls for 8th straight session. Generic drug stocks dive on report of possible criminal charges. Starbucks rallies on
Affiliated Managers Group Leads Up Day for MHCV, Broader Markets Down Again Read More
UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation (Freddie Mac), has a 10-year maturity with principal repayments based on a 30-year amortization schedule. Interest is set at 3.85 percent
UMH Properties Announces New Mortgage Loan Read More
Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. Analysts expect Drew to post earnings of $1.20 per share (EPS) and revenue of $392.70 million for the quarter, according to The Cerbat Gem. During its Q2 earnings call on August
Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish Read More
Noteworthy headlines on CNNMoney – Anti-trust suit filed against DIRECTV. Venezuela is running out of time and money. The Wall Street Journal trims paper – and staff. Oil dives seven percent this week. Some bullets from MarketWatch – Whole Foods eliminates co-CEO structure, names John Mackey CEO. Fed says it
Drew Industries Up on Down Day for MHCV, Broader Markets, Oil Down Again Read More
Troy, Michigan-based Champion Homes has opened a 100,000-square-foot facility in Benton, Ky. The facility represents a $6.3 million investment for Champion and is expected to create 150 new jobs. “At Champion, we’re driven to produce the highest-quality affordable housing in part because we understand the special feeling our customers have
Champion Homes Opens Manufactured Home Plant in Kentucky Read More
In a first for the 74-year-old organization, the National Association of Home Builders (NAHB) finalized a list of congressional candidates that it believes will help to boost housing in the U.S. According to Door & Window Market Magazine, the NAHB announced in September that it would be working
National Association of Home Builders Endorses Congressional Candidates Read More
The Novi Home Show took place October 14th-16th in Novi, Michigan and featured six different manufactured home models, courtesy of the Michigan Manufactured Housing Association (MMHA) as a part of the Suburban Collection Showplace. Billed as “a show within a show,” nearly 5000 people had a chance to tour models from
MMHA “Show Within a Show” Delivers Results Read More
Clayton Homes, a subsidiary of Berkshire Hathaway, has acquired Lee’s Summit, Missouri-based Summit Custom Homes, according to the Kansas City Business Journal. The acquisition was made by the company’s site-built division, Clayton Properties. As Daily Business News readers are aware, Clayton Homes is the largest producer of manufactured homes in
Clayton Homes Makes Key Acquisition Read More
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
