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: Janet Yellen fires back at Donald Trump – the Fed is not political! Does Warren Buffet have a new favorite bank? No rate hike from the Fed, dials back forecast. Star investor charged with insider trading. Some bullets from MarketWatch – Apple reportedly in talks to […]
Big Day for UFPI, ELS – MHCV rises; No Fed Rate Hike, Dow Jumps too Read More
“I accept fully responsibility for all unethical sales practices,” Wells Fargo Chairman and CEO John Stumpf said in a prepared statement on Capitol Hill yesterday, testifying before the Senate Banking Committee. As millions have heard, 5,300 workers were fired and the company agreed to pay $185 million in fines to
Wells Fargo and the CFPB – Who are Feds Working for – Consumers? Business? Itself? Read More
Prairie Gold Homes is helping build affordable housing options while giving inmates a chance to develop job skills all at the same time, reports Bruce Baker of the McCook Gazette. The Lincoln, Nebraska-based program teaches inmates how to build modular homes. So, while an inmate gains valuable job skills and
Inmates Learn Factory-Home Building Skills Read More
Thousands are homeless in the storied city by the bay, and cardboard boxes are a clearly undesirable option. Developer Patrick Kennedy of Panoramic Interests has his sights set on developing inexpensive, modular supportive housing for the throngs of homeless, which he will then lease back to the city, according to
According to the Daily Quint, analysts at Scotiabank has increased the price target for Killam Properties Inc. (TSE:KMP.UN) from C$13.00 to C$13.25 in a research note issued on Friday. The firm currently has a “Sector Perform” rating on the stock. In addition to Scotiabank, other research firms have commented on
Scotiabank ups Killam Properties Price Target to C$13.25 Read More
MarketWatch’s bullets for today include: Stocks end flat ahead of Fed, BOJ decisions. Sen. Warren calls Wells Fargo CEO Stumpf ‘gutless’ for not resigning over scandal. George H.W. Bush will vote for Hillary Clinton, says report. CNNMoney’s bullet headlines for today include: Bubble or bargain? Tech stocks surge like late
Cavco and Third Ave and US Markets Rise, but MHCV falls Read More
Booms in West Texas, North Dakota and the Marcellus regions due to oil and gas drilling may have tamped down for a time, but one (or more) of those may be bubbling back up. Shale Directories (SD) notes that, “Yes, $6.7 Billion in Spending Is Coming.” SD reports: multi-billion-dollar pipeline projects –
$6.7 Billion in Opportunities Bubbling Up? Read More
Following the lead reported in the Daily Business News of several large investors – including a huge international move in the MHC sector – Shinko Asset Management Co. Ltd. increased its position in Sun Communities Inc. (NYSE:SUI) by 14,305.3% during the second quarter, according to Shinko’s most recent 13F filing with
Another International Company Buying into U.S. Manufactured Home Communities Read More
MarketWatch’s bullets and headlines for today include: More gas-price spikes on tap for southeastern states with pipeline shut. Central banks are buying lots of gold, so what do they know? A surprise Fed interest-rate hike this week can’t be ruled out. By this measure, China’s banking sector could implode within
Cavco, Third Ave slide while UFPI, Sun & UMH lead gainers Read More
This past week has underscored our theme of Superior September 2016 coverage of the news that matters for manufactured housing industry professionals, and all those who follow or are engaged in the factory-built home industry. The articles below will include numerous special reports from respected writers Joe Dyton and RC
Sunday Morning Weekly Recap – Manufactured Housing Industry News Sept 11 to Sept 18, 2016 Read More
Businesses from coast to coast – including manufactured housing industry professionals – are keenly awaiting the outcome of the 2016 campaign. What was once considered a likely shift of the U.S. Senate from the GOP back to Democratic control now looks questionable, if recent public opinion polling holds. The House
Hillary Clinton’s Abe Lincoln Moment? Mo-Trump; POTUS 2016 News & Analysis Read More
Some headlines on CNN Money – Wells Fargo drumbeat grows louder. House hearing next? Health care costs rise by most in 32 years (read potential “ouch” for ObamaCare supporters). Some MarketWatch headlines – This is the national-debt problem Congress won’t talk about; The debt danger Americans should really worry about
UMH Properties and Skyline Homes Buck the Tide, as most markets and stocks close down Read More
UMH Properties Inc. (NYSE:UMH) announced the grand opening of the Woods Edge Sales Center, located near the back entrance of their manufactured home community in West Lafayette, Indiana. Woods Edge was acquired by UMH Properties in October of 2015, and the grand opening will be on Oct 1, 2016, per
UMH Properties Upscale MHC Clubhouse, Centerpiece for Upcoming Sales Center Grand Opening Read More
The National Federation of Independent Businesses has released on Sept 14, 2016 their survey of Small Business Problems and Priorities. Included in the results are the following Top 10 list of 75 total problems surveyed. Those cited as “most severe” problems for small-businesses owners are as follows. Cost of Health
NFIB Business Professionals Survey – Top 10 Small Business Concerns, Priorities & More Read More
MarketWatch bullets for the day include: Sensitive data again leaked out of the Fed early. Hello self-driving cars, goodbye 4.1 million jobs? Apple’s stock lead with their strong iPhone 7 release. And MarketWatch likes Clinton’s plan less than Trump’s. Oil was down, while gold rose a smidge. At the closing
Manufactured Housing Composite Value rises, as do all 3 major indexes Read More
Ocala, Florida based Nobility Homes, Inc. (OTCQX: NOBH) announced key results and financial highlights for their 3rd fiscal quarter, which ended on July 30, 2016. “The demand for affordable manufactured housing in Florida and the U.S. is improving,” said Terry Trexler, president of Nobility, per MarketWired. “According to the Florida
Manufactured Home Builder Nobility Homes Announces Sales, Earnings for Q3 2016 Read More
COAP, Inc. recently joined the SmartMH KY™ program, a strategic alliance of the manufactured housing industry producers, lenders, retailers, utilities, non-profits and stakeholders who’ve made it their mission to make ENERGY STAR™ homes more accessible via better loans throughout Kentucky, the Harlan Daily Enterprise reports. COAP’s mission, per their website,
COAP teams up with SmartMH KY Initiative Read More
Some noteworthy headlines on CNNMoney: U.S. opens investigation into Wells Fargo scandal. Lucky number 7! Apple’s stock is soaring. Ford moving all small car production to Mexico. Some bullets from MarketWatch – Why Wells Fargo isn’t likely to claw back compensation from top executive. Feds reportedly investigating Wells Fargo’s sales
Patrick Rebounds, Carlyle, and MHCV does too – broader markets mixed Read More
“Written comments submitted by two highly-respected independent organizations regarding the U.S. Department of Energy’s (DOE) proposed manufactured housing “energy” rule — specifically citing the Manufactured Housing Association for Regulatory Reform (MHARR) — echo and confirm the vigorous objections to that proposed rule set out by the Association in its own
MHARR gets Third Party backup on Controversial, Proposed DOE Rule for Manufactured Homes Read More
JACKSON, OH — James “Jim” Elliott lived life to the fullest — every single day of his 73 years. To say he had a zest for life would be an understatement, said Legacy. Jackson passed away in his home on Saturday, Sept 10, 2016, with his family with him, the
Passages – MH Industry Veteran Elliott dies, RIP Read More
