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.
In the news from CNNMoney: Postage prices set to decline. Americans may soon need visas to go to Europe. Casino owner Steve Wynn says no one wants to be around poor people. Keystone pipeline leak 90 times worse than first reported. Under Armour is no longer an underdog. India’s population […]
MH-related Stocks Close Mixed; Drew Industries Edges up the Most Read More
In hedge fund trading, Robotti Robert bought 50,000 shares of manufactured and modular home producer Skyline Corp.(NYSE:SKY), and as of Q4 2015 controls a total of 64,700 shares valued at $379,142. After selling 1,383 shares of Skyline stock during the fourth quarter, Vanguard now owns 138,999 shares with a value
Skyline and Sun: Manufactured Housing Insider Trading Read More
A proposed federal regulatory change could conceivably prevent tiny-home dwellers from living in their homes, which they say is an example of the government telling them how they can live, reports cleveland to MHProNews. As of last week, HUD had received 4,000 letters from angry supporters of the homes, which
Local and State Regulations cover Tiny Homes, not HUD Read More
The blogger for modularhomecoach has high praise for Simplex Homes of Scranton, Penn., builder of modular homes and commercial buildings, saying they do exceptional work. The Morris Plains Housing Authority in Morris Plains, NJ chose Simplex to build the 87 modules for the 56-room apartment complex with Del-Santo
Fifty-six Room Modular Apartment Rises in Six Months Read More
According to the Homebuyer Insights Report from Bank of America, first-time homebuyers are not considering starter homes, reports nationalmortgagenews. The report revealed that 75 percent of new homebuyers prefer to buy a larger home to begin with. Additionally, 35 percent of those surveyed plan to retire wherever they buy. MHProNews
First-time Homebuyers Want Larger Home Read More
A proposal to allow 20 manufactured homes (MH) on an already serviced property that has two MH did not trigger any opposition at a public hearing held at the Bradley Center in Parksville, British Columbia, Canada. According to pqbnews, Area F Director Julian Fell said the neighborhood is a natural
Proposal to Enlarge Canadian Manufactured Home Community Likely to Pass Read More
In the news from CNNMoney: China has stopped bleeding cash…for now. Dow has worst day in six weeks. U. S. vows to crack down on shell companies as tax dodges. Here comes the worst earnings season since the Great Recession. Angola, hurt by falling oil prices, asks IMF for a
Dow Tumbles 174 Points; MHCV Drops 2.42 % Read More
MHProNews has learned from thenational.ae that Saudi Arabia’s Red Sea Housing Services Co., which provides temporary and permanent modular housing to companies involved in the mining, oil and gas industries working in remote locations, has acquired Malaysia’s AM Modular for $7 million. Red Sea, which will pay $3 million in
Red Sea Housing Acquires Malaysia’s AM Modular Read More
There is a huge focus on encouraging Millennials—who are mostly single– to come out of their parents’ basements and buy a house or at least rent an apartment, even a “micro unit,” or some form of communal living, as we are underserved by affordable housing, especially in large urban, coastal
Affordable Multihousing Developer Set to Build Modular Workforce Housing Read More
Chase’s PRO Neighborhood’s $125 million program for disadvantaged neighborhoods nationwide provides funding to acquire, upgrade and provide affordable housing in areas headed for gentrification. Another PRO aspect is working with Community Development Financial Institutions (CDFI) to pool resources and build health and education facilities as well as support community services.
JPMorgan Chase Project Adds Affordable Housing, Creates 2,650 Jobs Read More
Residents of Desert Cove Mobile Home and R-V Park in Tuscon, Arizona are having to move after being told by manager John Hydrick the community has utility problems that the owner cannot afford to repair, according to what tucsonnewsnow tells MHProNews. Originally given 30 days to leave because the community
Tucson Manufactured Home Community Closing, Residents Receiving Assistance Read More
In the news from CNNMoney: Fiat Chrysler to cut 1,300 jobs. Fed officials divided over April rate hike. Law firm at center of Panama Papers helped create over 1,000 firms, many of which are no longer active. United drops plans to take over Delta’s business at Newark airport. America’s economy
MHCV Outperforms Dow, ending at 1280; Louisiana Pacific Gains +2.75% Read More
After braving the elements in building the last ten Habitat for Humanity homes in Welland, Ontario, Canada, the 70 students and staff at Niagara College worked inside to build their 11th home, a modular one broken down into five sections for delivery purposes, and destined for a family who fled
Modular Habitat for Humanity Home Built by Niagara College Students Read More
According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Capital World Investors owned 204,000 shares of manufactured and modular builder Cavco Industries, Inc. (NYSE:CVCO), as of Q4 2015 with a value of $16,995,000, according to financialmarketnews. Another hedge fund, Numeric Investors LLC purchased 208,879 shares
Hedge Funds Hungry for Cavco; Stock has Doubled in 2.5 Years Read More
MHProNews has been informed by prnewswire that the board of directors of manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend of $0.18 per share payable June 15, 2016 to shareholders of record as of May 16, 2016. Additionally, the board of directors
UMH Properties set to Pay Dividends to Shareholders Read More
Beverly Williamson, longtime member of Ohio Manufactured Homes Association (OMHA) and owner of Williamson Mobile Home Park in Cleves, Ohio passed away suddenly on March 29, 2016. Her son, Guy Williamson, and daughter-in-law, Brooke Williamson, will continue her business affairs. Also, Bob and Marge Dunnington, who owned Oakwood Acres MHC
Passages: Beverly Williamson, Bob and Marge Dunnington Read More
As Sheila Dey, Executive Director of the Western Manufactured Housing Communities Association (WMHCA), writes in publicceo, rent control is not the solution to the affordable housing crisis now gripping the state. Comparing a doctor trying to fix a broken leg by applying a band-aid, she said, “Government imposed regulations and
Rent Control in Manufactured Home Communities Inhibits New Development Read More
In the news from CNNMoney: Bank of America says ten million people are seeking work, which would raise the unemployment rate above six percent. President Obama says corporate tax avoidance hurts the middle class. Panama law firm helped world leaders, officials, and celebrities hide billions of dollars. Fake university uncovered
Skyline Gains the Most of Tracked Stocks, Deer Valley Drops the Most Read More
Funded by CalHOME through the California Department of Housing and Community Development, the city of Garden Grove, California is offering First Time Homebuyer and Home Improvement programs for manufactured housing (MH) through Oct., 2017, or until the funds have been expended. The First Time Homebuyer program is aimed at low-income
California Offering Assistance for Low income Manufactured Home Buyers and Rehabbers Read More
The Manufactured Housing Association for Regulatory Reform tells MHProNews that, according to figures from the Department of Housing and Urban Development, HUD Code production rose sharply in Feb. to 6,129 homes, 27.6 percent higher than the 4,803 MH produced in Feb. 2015. In terms of shipments by state, Texas continues
HUD Code Production Rises Sharply in Feb. Read More
