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.
“It started last fall when we issued a permit to allow a manufactured home on a regular single-family lot,” said Ann Marie Townshend, director of Dover’s Planning and Community Development. “It got some people upset so we fixed the definition of single-family dwellings so that couldn’t happen again,” reported Mike […]
U.S. stocks are adjusting to an expected Federal Reserve rate hike, MarketWatch reports. CNBC, which was panned for its GOP primary debate moderation in 2015, is now playing the role of cheerleader for Hillary Clinton’s presidential hopes, saying Wall Street expects her to win over Trump in November. Trump ally,
Manufactured Housing CompValue slips, 3 Markets Rise, but Oil Retreats Read More
A recent study by the National Association of Home Builders (NAHB) indicates that an average of some 24.3 percent of the price of a new house can have that cost traced back to regulatory impact. The NAHB study reflects costs of regulations from all levels of government: local, state and
NAHB Report – High Cost of Regulations Impact Housing – and Manufactured Housing Read More
Data released by the U.S. Census Bureau reveals a mixed pattern in prices for new manufactured homes, depending on month, single vs. multi-sectionals and the region of the country. For example, single sectional manufactured homes in the Northeastern United States in January, 2014 sold for an average of $48,700 in
2014-2016 Manufactured Housing Industry, New Retail Home Pricing Trends by Region Read More
Redfin reported that so-called luxury home sales – defined as the top 5 percent of all housing on the market – were in retreat, in a report last May. On August 27, Tyler Durden’s ZeroHedge headline stated that “…Housing Markets In The Hamptons, Aspen And Miami Are All Crashing.” Reuters
Luxury U.S. Home sales Slumping, What Does it Mean for Manufactured Housing? Read More
Fair warning to thousands of regular readers: this week’s Sunday morning weekly recap of manufactured housing industry news headlines may never look like this edition again. With the Daily Business News’ Matthew Silver away on some well-earned time off, the editor gets to do this recap. So we’ll try something just
Sunday Morning Recap-Manufactured Housing Industry News Aug. 21-Aug. 28, 2016 Read More
Investment management leader, Robert Robotti’s firm acquired 15,865 additional shares in Cavco Industries during the most recent quarter end according to SEC filings, reports TradeCalls. That places the firm’s total stake in the #2 producer of HUD Code manufactured homes at $18,886,291, or about 6.41% of Robotti’s portfolio. Other hedge
Robert Robotti’s stake in Cavco Industries (CVCO) Grows, Stock hovers at 52 Week High Read More
The brakes are being tapped on stocks, as Fed Chair Janet Yellen has said that the odds of a rate hike have strengthened. Talk of negative rates, as well as two possible rate hikes this year are being floated. Oil, gold, the Dow and S&P 500 have all retreated, while
Deer Valley Homebuilders Leaps, Dow Dips, MHCV Slips Read More
Most manufactured home communities are run by owners and professionals who care about their residents, the conditions at their location(s) as well as the look and safety of their property. But when a community operator runs their location like the proverbial “trailer park,” it’s bad for residents and impacts the
Connected Community Owner “Should be Facing Criminal Charges” for conditions at the “park” Read More
The PostNews noted in a recent analysis that shares in Affiliated Managers Group Inc.(AMG) have “slid down for the past month, and that it may cause some worries to investors. But Consumer Eagle notes that zero of the ten analysts covering AMG recently has had a negative review, and 8 of the
AMG – Bullish or Bearish Outlook? Read More
Look beyond the argument that manufactured and modular homes benefit millions of moderate income households, and could benefit millions more. Is it also possible that the tiny house trend applied to modular units is the answer to homelessness in the U.S.? Eyewitness News Channel 7 in Los Angeles featured a
Tiny MODs Could be the Next Big Thing for Homeless Vets Read More
In today’s markets, the Dow Jones logged its lowest close in the past 3 weeks. The U.S. Dollar joined the herd of key indicators that are worried about the Fed’s Chair, Janet Yellen’s, upcoming speech. MarketWatch also reported that SEC fines 13 investment firms for advertising false performance claims, and
Cavco leads in Manufactured Housing, Broader Markets Continue to slide Read More
A recovery housing plan has been released by Louisiana Gov. John Bel Edwards, for displaced residents of the recent historic flooding in his state. It’s a three-pronged plan created by state officials to respond to the housing crisis caused by damage to southern Louisiana. The state is moving into the
New LA Recovery Plan Unveiled as Possible Storm Approaches, Industry Pros Mobilize Read More
East Baton Rouge Parish’s Metro Council will bypass city-parish law, that will make way for longer-term, temporary housing. The measure was instated to assist those that were affected by the recent, historic floods, allowing them to site the temporary homes in front of their damaged properties. The law normally allows
Metro Council Bypasses Law, Allowing “Temporary” Manufactured Homes Read More
The S&P 500 closed at its lowest level in two weeks. As news about struggles of insurers in ObamaCare exchanges continue and experience fallout, the health-care sector’s drag on U.S. stocks caused them to close at the lowest level since Aug.4. MarketWatch also reported that the U.S. Dollar is continuing
Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets Read More
Dutch entrepreneur Omar Kbiri has partnered with Amsterdam-based, architecture firm, Studio OBA. The duo designed a modular home that transforms according to the dynamics of the relationships within it. The “ready-to-split” floating houses were designed with their disassembly as a starting point. The unique concept was reported on by Mother
“Prenuptial Housing” – Modular Homes Designed for Separation and Reunion Read More
The purported road-to-home ownership cloaked as “Rent to Own” is often found to be harmful and misleading, reports The New York Times. Although housing prices have recovered from the financial collapse of 2008, borrowers with less than stellar credit reports and those seeking to finance lower priced properties are left
NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership Read More
During their Aug. 18 meeting, the Georgetown, SC city council members denied a request to rezone the West End to permit the addition of manufactured homes on more than 200 vacant lots. A petition signed by 150 residents asked to rezone that area from R5 to R3, to allow manufactured
NIMBY strikes as council nixes manufactured housing use requested by over 100 residents Read More
The Joliet City Council obtained ownership of Evergreen Terrace in a transfer of title that took place last week. Officially the title will go to Riverwalk Homes, a public-private partnership created by Holsten, a Chicago-based real estate development company, the HeraldNews reports. Nevertheless the city maintains controlling interests and will
CEO of Drew Industries, Inc., Jason Lippert sold 10,000 shares of the stock in a transaction Aug. 18, 2016 at an average price of $99.93 for a total value of $999,300.00, which leaves him with 145,485 shares of company stock valued at $14,538,316.05. Citigroup, Inc. raised their target price on
Millions in Insider Trades at Drew and Patrick Industries Read More
