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.
Financial Services Committee Chairman Jeb Hensarling (R-TX) recently introduced the Financial CHOICE Act, which would serve as a Republican alternative to the Dodd-Frank Act. This move was made because it’s believed the Democratic-backed Dodd-Frank Act has had a negative impact on the country’s economic recovery; a recovery the Financial Services […]
Hensarling files Financial CHOICE Act to replace Dodd-Frank Read More
MarketWatch spotlighted the following today: More pain may be in store for the S&P 500 in 2016, says Goldman. CEOs of biggest U.S. firms less optimistic about economy. It’s business as usual at Wells Fargo after record fine. Trump says Yellen keeps interest rates low because of White House pressure.
AMG, Sun Shine; Killam, Third Ave slide, 3 Major Indexes Rebound Read More
Venator Capital Management Ltd has purchased up 466,541 additional shares in Skyline Corporation during the most recent quarter end, the firm said in a disclosure report filed with the SEC, reports TheFoundersDaily. Venator’s website describes themselves in these terms, “Venator Capital Management Ltd. is a Toronto-based investment firm that strives to
Skyline Corporation – Management Fund’s Major Move – Manufactured Housing Market Watch Read More
These Manufactured Housing Industry News weekly recaps are a mix of headline news and commentary that tees-up each Sunday morning issue. That said, there are some weeks – like this one – where there are so many hot, interesting or newsworthy topics covered that it becomes difficult to decide which
Sunday Morning Weekly Recap – Manufactured Housing Industry News Sept 4 to Sept 11, 2016 Read More
Cavco Industries, Inc., the nation’s second largest producer of manufactured homes in the United States, recently hit a new 52-week high, when it reached a peak of $109.43. Cavco closed Friday night at 101.17, down after a broader retreat by the markets A possible benefit of a company hitting a
Milestone: Cavco Industries (CVCO) stock reached new 52-week high Read More
CNNMoney asks, do more heads need to roll at Wells Fargo? Volkswagen engineer pleads guilty to criminal charges. They also stated the obvious, as they report that the Dow plunges almost 400 points. MarketWatch notes that: “Gundlach’s talk of a surprise Fed tightening sets stage for a stock, bond-market rout”
All Markets Tumble, only 1 MH track stock gains, 2 hold, the rest down for the day Read More
“West Virginia is a fairly close-knit community,” explains Andy Gallagher, Executive Director of the West Virginia Housing Institute Inc.(WVHI). “Natural disasters are regular occurrences, unfortunately, and family takes care of family.” Jeff Jenkins, writing in the WVMetroNews, stated that “Several staff members with the Federal Emergency Management Agency will be
The Other Flooding Story – FEMA and Manufactured Housing Units (MHUs) Read More
“Compared to where we were, there is no comparison,” said Lee Allen. “It’s been 10 years of good memories.” “When you walk through Lee and Lucille Allen’s front door, it feels like home,” begins the NextStepUS Annual report. Over a decade ago, the Allen’s became NextSteps first home owners. “Lee
Affordable (Manufactured) Housing Done Right – NextStepUS Annual Report Read More
On items that CNN Money finds of interest as part of their market reports for the day: Wells Fargo fires 5,300 for creating fake accounts, Hillary Clinton finally holds a press conference and Airbnb is cracking down on discrimination. MarketWatch notes: iPhone 7 fails to impress, but Apple predicts sellout.
CVCO, NRF slide, Carlyle Group, LPX glide higher, Politics/Economics Mix Read More
County records reflect that Equity LifeStyle Properties (ELS) has purchased 25 acres in Ellenton, next to Ridgewood Estates – a 55+ manufactured home community (MHC) – for $2 million. Equity LifeStyle paid $11.56 million for Ridgewood in 2011, says the Sarasota, FL Herald-Tribune. As MH Community-sector focused professionals know, Equity LifeStyle
ELS Acquires 25 acres adjacent to existing FL Manufactured Home Community Read More
In an update to our reports on the massive flooding in Louisiana and FEMAs response with manufactured housing units (MHUs), WBRZ2 out of Baton Rouge reports on new communities being set up, one in this photo, off Blount Road near the airport. Their report indicates that “dozens” of locations in
FEMA setting up manufactured homes in Louisiana near airport, says WBRZ2 Read More
Apache Corp. says it found billions of barrels of oil in a new find in West Texas south of the New Mexico line, reports MarketWatch. While the tech side of market news has eyes on Apple’s new iPhone 7, Nintendo, oil futures are at the highest level in a week.
AMG and NorthStar Lead, Patrick, SKY recede – as new U.S. Oil Find Touted Read More
Washington, D.C., September 7, 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 fell during July 2016. The latest statistics published by MHARR indicate
HUD Code Manufactured Housing Production – Drops in July 2016, Top 10 States reported Read More
Less than a week after federal official decided to ban ITT Technical Institute from enrolling new students using federal aid, the for-profit schools opted to stop enrolling students at more than 130 campuses in 38 states, according to the Springfield, IL State Journal-Record. On Aug. 25, the U.S. Department of
“Using the dream of homeownership to trick consumers out of their hard-earned money is just plain wrong,” North Carolina Attorney General Roy Cooper said. “My office is here to protect consumers from these misleading and fraudulent business tactics.” Cooper filed suit against George Henry Smith of Robeson County, for collecting
CNN Money headlines included Donald Trump’s assertion that the Fed has created a “false economy,” and that Americans don’t believe unemployment rate (see in-depth labor and economic charts/graphics and report, linked here.) Meanwhile, MarketWatch warns – Clouds gathering on U.S. economy? And without action, a government shutdown looms in three
Sun & Third Ave lead, Deer Valley, UMH, LPX & MHCV recede Read More
One of the areas that witnessed broad manufactured housing industry consensus was the opposition to the HUD onsite completion rule, which goes into effect Sept 7, 2016. Manufactured homes that include the following features, says MHI, are among those which will be impacted by the new and costly rule. A
Resources for HUD Code Manufactured Homes Onsight Completion Rule, effective Sept 7, 2016 Read More
Skyline Corporation (NYSEMKT: SKY) saw its stock decrease by 10.78% in short interest, states consumer and financial news company, Consumer Eagle. Skyline designs, produces and markets manufactured and modular housing models as well as park models, as MH industry pros know. The company had a total short interest of 344,200 shares
Skyline Stock in Focus Report; Markets Closed for Labor Day Read More
As it’s owners, managers, policy wonks, investors and working professionals who are the largest likely group of readers of MHProNews, it’s useful on this Labor Day to think beyond the celebration and the paid federal holiday, and look at what’s happening to labor in the United States. Because much of
Labor Day 2016, By the Numbers – and Manufactured Housing Read More
DEMING, NM – Solitaire Homes, a major employer in Deming, has hit a manufactured home production milestone as they continue to build and sell their product throughout the southwest. The plant recently built their 5,000th home from their production center which opened in 2001. They sell mostly within that market
Solitaire Homes reaches 5,000 manufactured home milestone Read More
