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.
A Massachusetts state law that has long allowed developers to bypass local regulations in communities where less that ten percent of the housing stock is considered to be affordable is back in the spotlight. The issue has long troubled officials in the town of Wareham, because the state refuses to […]
State Under Pressure to Count Manufactured Homes as Affordable Housing Read More
In a huge story of interest for the MH industry, a federal appeals court declared that the U.S. Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The 110-page ruling, handed down by the U.S. Court of Appeals for the D.C. Circuit, the nation’s second most powerful court, stated that the
CFPB ruled Unconstitutional, What’s Next? Read More
Noteworthy headlines on CNNMoney – Comcast hit with FCC’s biggest cable fine ever. Nobody wants to host the Olympic games. Appeals court hits Consumer Financial Protection Bureau. Some bullets from MarketWatch – The stock market’s ugly nose dive. Oil prices pull back after IEA reports a jump in OPEC output. Alcoa
Down Day for MHCV, Broader Markets – CFPB Unconstitutional Read More
Skyline Corporation (NYSE:SKY) has seen its stock price on the rise recently, hitting a 52-week high of $12.72 last month. Daily Business News readers will recall that we covered the rise of Skyline’s stock in a recent story, here. According to a story from equities, Skyline’s stock is up 278
Why are Equities Impressed by Skyline Homes? Read More
Zacks Investment Research cut shares of Sun Communities Inc. (NYSE:SUI) from a “buy” to “hold” rating in a memo issued to investors on October 5th, according to The Cerbat Gem. As regular Daily Business News readers already know, Sun owns and operates 338 manufactured home and recreational vehicle communities located in
Sun Communities Downgraded Read More
A recent supervisors meeting in Quincy Township (PA) became a heated debate about a conditional-use grant to land developer Craig McCleaf. His plan is to develop the property for 47 manufactured homes, naming the new development Quincy Meadows. McCleaf purchased the Slabtown Road location, which has been a manufactured home
Town’s Residents Concerned about New Manufactured Home Community Read More
Noteworthy headlines on CNNMoney – Buffett: “I’ve paid federal income tax every year since 1944.” Trump Taj Mahal closes its doors in Atlantic City. Samsung halts production of Galaxy Note 7. Second Clinton-Trump debate sees big ratings drop (DBN coverage here.) Some bullets from MarketWatch – U.S. stocks end higher as
Patrick Industries Leads Strong Day for MHCV – Broad Markets Up on Oil News Read More
“As the moms and pops that built our mobile home parks age out, predatory, out-of-town corporate investors have been taking over.” – Measure V proponents “Once rent control is adopted, politicians will – by the tenants’ votes – be giving the landlord’s property to the tenants. It happens all the
Measure V – Battle Lines Drawn Read More
Strong home sales are boosting originations of Federal Housing Administration (FHA) loans, opening the door for many first-time homebuyers. According to the National Mortgage News, the strong loan volume could also portend the federal mortgage insurance agency is in line to receive a positive report this fall. “It certainly looks
Will FHA Auditors Bring Good News Come November? Read More
On this celebration of our 7th year of uninterrupted factory-crafted housing trade media publishing, we begin the month with this thought-provoking theme: Obstacles and Opportunities in Affordable Housing – October 2016. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a
Rumors and social media posts have been circulating around the city of Belgrade, Montana, concerned that a cluster of manufactured homes poised for use are meant to house 5,000 Syrian refugees. The Human Resource Development Council (HRDC), the non-profit organization in possession of the homes, says that it simply is
Non-Profit Denies Manufactured Homes are for Syrian Refugees Read More
Noteworthy headlines on CNNMoney –Is Kroger going to buy Whole Foods? Plunging Pound is crushing retirement dreams. Florida coast battered by Matthew (see Daily Business News item here). India busts bogus call centers for posing as the IRS. Some bullets from MarketWatch – Consumer credit surges 8.5% in August. U.S. blames Russia for
SUN & BRK buck drooping MH Comp Value, broader markets slip too Read More
Washington, D.C, October 4, 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, after declining in July 2016, resumed its trend toward long-term growth
HUD Code Manufactured Housing Production Growth Resumes, August report Read More
The Novi Home Show takes place October 14-16 at the Suburban Collection Showplace in Novi, MI. The show is a “one-stop destination” for home improvement products for every type of project, and will include landscaping exhibits and experienced businesses available to consult or for hire. The Novi Home Show will
A Show Within a Show at The Novi Home Show Read More
Noteworthy headlines on CNNMoney – Hurricane Matthew may be costliest ever (see DBN coverage here.) Oil back above $50. Why the U.K. Pound is still crashing. Who’s worried about America’s $19 trillion dollar debt? Some bullets from MarketWatch- Gold sinks to 4-month low. Hurricane Matthew sends roof suppliers higher, insurance stocks
The U.S. Department of Justice (DOJ) has filed a federal discrimination lawsuit against May Grove Village Manufactured Home Community based in Lakeland Florida, alleging that employees actively worked to keep African-Americans out. “Managers falsely told African-Americans that no mobile homes, (sic) or fewer mobile homes, (sic) were immediately available for sale,
Noteworthy headlines on CNNMoney – New rules crack down on prepaid cards. VP debate gets smaller audience than 2012, 2008 (DBN coverage here.) U.K. could force companies to list foreign workers. Ford chairman strikes back at Trump criticism. Some bullets from MarketWatch – Stocks up as energy, financial sectors rally. Airlines
A recent article in the Seattle Times by Al Levine, former Deputy Executive Director of the Seattle Housing Authority, puts the spotlight on steel modular housing as a practical answer to help solve the challenge of housing the homeless. “I find it hard to comprehend that we can’t do a
Cities Housing the Homeless – are Modular Homes an Answer? Read More
The unscientific Drudge Report’s flash poll reflected a lop-sided victory for GOP VP hopeful, Mike Pence over the Democratic Nominee, Time Kaine. CNN also showed Pence as the winner, as they reported: “An unflappable Pence benefited from the contrast and won the night — with 48% of those who watched
Advantage Mike Pence over Tim Kaine in lone VP Debate, per CNN/ORC Poll Read More
Noteworthy headlines on CNNMoney – 170,000 gas stoves recalled because of explosion risk. Credit card giants sued over chip readers. Biggest one-day drop for gold since 2013. Google unveils new smartphone. Some bullets from MarketWatch – Gold ends near post-Brexit vote low as dollar rallies. U.S. stocks retreat on specter of
Skyline Up, MHCV beats Tumbling broader Markets and in banking, ATM Fees Record High Read More
