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 S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains. Daily Business News Market Tracker The Dow […]
Skyline Leads, Housing Data and New Home Sales Push Stocks Read More
Gateway Lifestyle, an Australian-based holder of factory-built retirement home communities, is exploring partnering with U.S.-based Hometown America in a venture that could reshape Australia’s emerging manufactured housing market. The two firms may join forces for the pursuit of National Lifestyle Villages (NLV), Western Australia’s largest operator of ‘mobile home parks.’
Will Hometown America and Gateway ally to Increase Manufactured Home Community Holdings? Read More
MHProNews has learned that Chris Nortley, Managing Partner of MHRE Inc. that the Matrix portfolio that consisted of 7,253 sites closed on August 4, 2016. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home
Chris Nortley, Enrico Scarda announce MHRE’s Close of Matrix MHC Portfolio Read More
MHProNews has learned from telegraph.co.uk that modular construction of homes in the United Kingdom (UK) may be key to hit their government’s target of constructing 200,000 homes per year to alleviate the severe housing shortage, and attain the one million mark by 2020. Last year only 142,890 homes were built
From Factory Floor to Finished Flat: Modular Homes Seen as Key Housing Shortage Read More
Based in San Francisco, start-up Avava Systems designs tiny homes called Britespaces that can be built in four to six weeks. These are shipped flat-packed, and then they work with third-party construction crews to complete the build of the homes. This spring the company launched three models ranging in price
Avava Ships Tiny Homes Flat-Packed Read More
According to indiancountrytodaymedianetwork, the 2015 Home Mortgage Disclosure Act reveals Quicken Loans of Michigan has replaced Wells Fargo Bank as the top lender to Native Americans with $283 million in lending. San Francisco-based Wells slipped to second place with $276 million in lending, while Mid America Mortgage of Addison, Texas
Native Americans Rack up $1.7 Billion in Mortgages as of Aug. 11 Read More
While Sen. Elizabeth Warren(D-Mass.) sings the praises of the six-year-old Dodd-Frank Act, saying, “If a bank screws up, you have someone to call so you don’t get stuck with the bill,” in fact, consumers get stuck with the bill whether a bank makes mistakes or not. The American Action Forum,
Dodd-Frank Inspired Regulations Harming the Poor at Bank and Check-out Counters Read More
The Dow and the S&P 500 end lower as oil’s recent winning streak come to a close. Nasdaq closes up, while Treasury yields drift lower. MarketWatch also reports that CFPB fines Wells Fargo $4 million for deceptive student loans. Daily Business News Market Tracker: The Dow Jones Industrial Average dropped
Broader Markets Tumble as MHCV Inches Up, Led by UFPI Read More
Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor. The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year. A 17.0%
Cavco Industries on Benchmark’s List Read More
The majority of residents at Creswell Court manufactured home community (MHC) in Creswell, Oregon received maintenance notices from management allegedly requiring them to remedy maintenance issues within 30 days or face possible eviction, according to calls kval in Eugene, Oregon says it has received from residents. Each of the reported
Residents must Maintain their Homes or Possibly Face Eviction Read More
Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells Fargo, the seven-year, fixed-rate loan could free Carlyle to further expand its efforts in the MH Community sector. Grace and colleague Matt Krasinski
Carlyle Group Secures $115 Million Package Read More
What’s New in public focused Manufactured HomeLivingNews.com Tiny Houses Owners face Big Legal Trouble? What’s New in Manufactured Housing Industry Professional News Financial Services Committee says Dodd-Frank is damaging. YES! Communities redistributes assets. Private enterprise ready to supply modular buildings to flooded LA. MHI, MHARR spar with DOE, as MHI
Sunday Morning Recap-Manufactured Housing Industry News Aug. 14-Aug. 21, 2016 Read More
In response to the July 17 proposed rule on “Energy Conservation Standards for Manufactured Housing” from the Department of Energy (DOE), the Manufactured Housing Institute (MHI) sent a letter expressing concerns that the new rule would raise the price of manufactured homes. MHI also suggested the DOE “establish a clear
MHI, MHARR, Leaked documents and DOE proposal, plus MHI on New Section 8 Vouchers Read More
While the White House continues to claim that regulations coming from Dodd-Frank are not having an negative effect on community banks, credit union leaders, community bankers and small business owners are saying quite the opposite, according to fsc.gop.press. A report from Bloomberg states mergers and acquisitions hit $18 billion last
Financial Services Committee Slams Dodd-Frank as Damaging Read More
A new and used modular building supplier has low-cost private mobile shelter buildings ready for immediate delivery to Baton Rouge to help start the recovery process for those who have been displaced by the overwhelming flooding. Many of HSTL Modular buildings have been used as schools and administrative facilities and
Private Enterprise Responds to Assisting Louisiana Flood Victims Read More
The main three U.S. stocks markets closed lower as investors worry over the Fed’s approaching rate decision. The Dow and S&P register weekly losses, as Nasdaq logs 8th weekly gain in a row, per MarketWatch. Meanwhile, oil prices stampeded toward bull-market territory, as geo-political instability may be fueling a rise in
Skyline Leads Manufactured Housing Sector Amidst MHCV and Broader Market Tumble Read More
Pray’s Homes, longtime retailer of manufactured and modular homes in Belfast, Maine has changed hands as of July, 2016, according to waldo.soup. Charlie Pray, who bought the business in 2008 when the housing market was in a tailspin, managed to survive the Great Recession, and will stay on for a
Pray’s Manufactured Homes in Maine has New Owner Read More
Schwab Charles Investment Management Inc. has upped its stake in manufactured home community (MHC) owner Equity LifeStyle Properties, Inc. (NYSE:ELS), buying 149,218 shares during the last quarter, increasing its holdings in ELS by 15.2%. The firm increased its investment by $25,243,000 to $90,756,000, as fidaily reports. Hedge Fund Cohen &
Hedge Fund Investors Bustling over Equity LifeStyle Properties Read More
Santiago Villa manufactured home community was built in the 1960s as an affordable retirement community for those 55+ in Mountain View, Calif., long before the onset of Google, Microsoft and LinkedIn. Now, however, since management has allowed families to move in, senior residents see their community colonized by corporate employees.
Manufactured Home Community Bordering Google Transforming into Tech Town Read More
Updating a post MHProNews published Aug. 17, 2016 about the flooding in Louisiana that has cost 12 lives and damaged some 40,000 homes resulting in 70,000 registrations for assistance, U. S. Rep. Cedric Richmond (D-LA) avows there will not be the red tape and bungled missteps that plagued residents in
70,000 Claims for Assistance Filed Following Louisiana Flooding Read More
