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.
Following the ongoing saga of the Lowry Grove manufactured home community (MHC) in Minneapolis that has filed suit to reverse the sale of their community for not being offered first right of refusal, as MHProNews reported Aug. 8, 2016, an amicus brief from the state attorney general’s office in support […]
First Time First Right of Refusal Law in Minn. Will be Tested Read More
The U. S. Census Bureau reports nearly 15 percent of Americans, some 47 million, live below the poverty line;14 percent of households have a negative net worth, according to what bloomberg tells MHProNews. Forty-three percent of those with negative net worth are college graduates, one in eight has a graduate
Is Student Loan Debt Stifling the Economy? Read More
Writing in idahostatesman, Jerry Brady, a business man and member of Compassionate Boise, having once “snobbishly dismissed” manufactured and modular homes as flimsy and unworthy, now realizes with a shortage of some 10,000 affordable homes in south and south-central Idaho, says, “I can’t do that any longer. If you dream
Modular Housing Suggested for 10,000 Affordable Housing Shortage Read More
Stocks ended slightly lower, MarketWatch informs MHProNews, dragged by slumping oil prices, while Treasury yields post the largest 2-day decline in a month. The 2016 Presidential Elections are being blamed for a slow down in sales. The dollar weakens, as investors bet the Fed won’t hike rates in 2016. Meanwhile
Nobility Homes rising, The Carlyle Group slips and Manufactured Housing CV dips Read More
Minnesota’s temporary family health care housing law will allow a modular or manufactured home or recreational vehicle to be sited on the property of a relative, legal guardian or caregiver for up to one year, as MHProNews has learned from abcnewspapers. The law would allow a structure of up to
Manufactured Home can Provide Temporary Health Care Read More
Updating a story MHProNews last posted Aug. 1, 2016 regarding the use of the Federal Emergency Management Agency’s (FEMA) manufactured homes for people whose homes were destroyed in the Erskine Fire in California, the Kern County Board of Supervisors voted unanimously to pursue a county-state partnership for recovery from the
FEMA Grants California Control over Distribution of Emergency Manufactured Homes Read More
Elkhart, Indiana based Drew Industries (NYSE:DW), a leading supplier of RV and manufactured housing industries components, has announced their second quarter results. According to their August 9th, 2016 SEC filing by Chief Financial Office (CFO) David Smith, their Board of Directors approved a regular quarterly cash dividend of $0.30 per
Drew’s Q2 – Dividends and Insider Trading Read More
In May of 2014 spring melt flooding on the Albany River drove 450 Kashechewan First Nation residents living in Northern Ontario, Canada out of their homes and into temporary quarters in Kapuskasing, according to what cbc.ca tells MHProNews, at a cost to the government of $350,000 monthly. Earlier this spring,
Kashechewan First Nation getting Modular Homes following Major Flood Read More
Schroder Investment Management Group acquired an additional $2,017,000 worth of Equity LifeStyle Properties (ELS) shares for the quarter ending July 30th, 2016. Finance Daily tells MHProNews that the purchase results in a 2.2% increase over its previous holdings in the REIT (NYSE: ELS) bringing total investment figures up to $15,875,000.
Management Group Increases Holdings in Equity LifeStyle Properties (ELS) Read More
A new modular apartment building has risen at the corner of Washington and 12th St. in Philadelphia, as philly.curbed informs MHProNews, assembled in one three-day weekend. The luxury apartment building that replaced the old heating and air conditioning store is five stories tall and will have a combination of 50
Modular Apartment Building Rises in Three Day Weekend Read More
MarketWatch informs MHProNews that Treasury yields are drifting lower as summer trading cools. The dollar weakens as domestic productivity falls for 3rd month. Oil prices are said to be heading towards $30 a barrel. Gasoline prices may fall below $2 a gallon nationwide before year-end. Gold closes higher to end
UMH leads gainers, Skyline slips as MHCV trails the broader markets Read More
For the ninth consecutive quarter, builder confidence in the single family 55+ senior housing market has remained in positive territory, reports the National Association of Home Builders (NAHB) to MHProNews. “Builders and developers for the 55+ housing sector continue to report steady demand,” said Jim Chapman, chairman of NAHB’s 55+
Senior Single-family Market Remains on the Upside Read More
Both the Democratic and Republican campaigns this year are devoting considerable energy to housing, the cornerstone of the “American Dream,” but both have different approaches to the topic, as dispatch tells MHProNews. Platforms serve more as rallying cries than actual policy initiative, and typically, the Republicans will call for less
Housing Platforms: Dems say Up the Ante; GOP says Shut Federal Spigot, Throttle Regulators Read More
MHProNews was privy to the August 5th conference call conducted by UMH Properties, Inc. Participants included corporate management, members from UMH’s Board, as well as analysts, advisors and investors familiar with the community and retail segments of the MH Industry. Nelli Madden, Director of Investor Relations hosted the call, as key
The First State Manufactured Housing Association (FSMHA) in Delaware has chosen three finalists to receive the $3,000 in scholarship funds they donate each year to students who live in manufactured homes, according to what delawareonline tells MHProNews. Eric Nielsen, a 2016 graduate of Milford Senior High School, will major in
Three Delaware Residents of Manufactured Homes Receive Scholarships Read More
Each first Friday of the month the Labor Department’s Bureau of Labor Statistics issues its jobs report for the previous month—commonly called the U-3 number–an abundance of employment-related data, each of which has a story about the employment scene. While the official unemployment rate held steady at 4.9 percent—called the
MarketWatch informs MHProNews that the Fed’s job-market index has the first gain of year in July. Consumer spending and income expectations rise. Wal-Mart announces $3.3 billion acquisition of Jet.com. Dow tripped downward, as did the S&P 500 and the NASDAQ. The Dow Jones Industrial Average receded -0.08 percent with a loss of -14.24
Skyline 4Q Leaps Skyward, MH Composite Index rallies despite Dow’s slide Read More
Connecticut Property Management LLC has applied with the Belfast, Maine Planning Board to expand the Penobscot Mobile Home Park in Belfast by adding 34 home sites to the existing 21, according to waldo.villagesoup. The city ordinance requires new lots to be a minimum of 6,500 sq ft with at least
Maine Manufactured Home Community Plans to Expand Read More
Noting that housing is the number one issue for civic leaders and house seekers in communities around the mouth of the Columbia River, dailyastorian informs MHProNews as the real estate market is regaining strength, consideration should be given to establishing new manufactured home communities (MHC) as a means of providing
Media in North Coastal Oregon Advocates Manufactured Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Loans – Financing – Mortgages for Manufactured, Modular and Mobile Homes What’s New in Manufactured Housing Industry Professional News Sale of Minn. MHC challenged by Attorney General. Section 8 vouchers can now but MH. Hall of Fame inducts Class of 2016. NC MH
Sunday Morning Recap-Manufactured Housing Industry News Aug 1-Aug. 7, 2016 Read More
