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: Oprah lost $27 million on Weight Watchers. Republic Airways files for bankruptcy. 846,350,968 passengers flew on airplanes in 2014, 12% of the world’s population. Gross domestic product grew 2.4 percent in 2015. Stamp prices to drop two cents in April. Each of Berkshire Hathaway’s stocks […]
Affiliated Managers Group Gains over Five Percent; Dow Slips Read More
The yorkshireeveningpost in the UK informs MHProNews that a leading financial services company, Legal and General Homes, is opening a new modular home construction facility in Sherbun-In-Emet that will employ 400 to 500 workers. The company has inked a long-term lease for a 550,000 sq. ft. warehouse, which it says
Modular Home Factory to Hire 400 to 500 Read More
The above-named’s Equity LifeStyle Properties, Inc. (NYSE:ELS) reached a new day high of $71.81 in yesterday’s trading, after hitting an intraday low of $69.87, according to fidaily. The 685,512 shares that traded hands resulted in the stock resting at day’s end at $71.54. The 50-day moving average of $66.41 is
Sam Zell Continues Smiling Read More
The manufactured home community (MHC) in Hewitt, Texas was established in 1970, and about ten years later ordinances were approved to govern the community, but now need to be updated. Specifically, the city’s community development director, Terry Lankford, wants to make them more accommodating to residents. Dealing with lot sizes
Older MHC Requires New Ordinance to Accommodate Larger Homes Read More
A 32.1 percent drop in new home sales in the West led total new home sales across the nation to drop 9.2 percent last month to a seasonally adjusted annual rate (SAAR) of 494,000, less than the 501,000 in Jan. 2015, reports oregonlive. “With inventory still very tight, prices will
Housing Market Recovery: Making Haste Slowly Read More
According to atr.org, Republicans on the House Financial Services Committee have set their sights for 2016 on repealing the Volcker Rule and the perpetually funded Consumer Financial Protection Bureau (CFPB). The Volcker Rule is named after Paul Volcker, the former Federal Reserve Chairman who was appointed by President Obama to
House Committee Seeks to Repeal Volcker Rule and CFPB Read More
In the news from CNNMoney: Hallliburton cuts another 5,000 jobs. China stocks lose over six percent. Venezuela shipping gold to pay debt. Apple’s case against FBI will be tough. Google robot can open windows, walk through the snow, place objects on a shelf and pick itself up after being knocked
ELS Gains +2.91%, Advances to $71.54; MHCV Gains +1.35% Read More
MHProNews has learned Patrick Industries, Inc. (NASDAQ:PATK)’s vice president of human resources, Courtney Blosser, sold 10,799 shares of company stock at $41.90 per share for a total transaction of $452,091. Blosser currently owns 19,560 shares of Patrick, about 0.12 percent of of the company’s market capitalization, according to franklinindependent. Meanwhile,
Insider Trading at Patrick Industries, Inc. Read More
The first phase of a pilot project of 30 to 40 modular shipping container homes to house the homeless in Vancouver, British Columbia could result in 300 of the homes added each year. While the plans are in the early stages, each 150 sq. ft. unit will have its own
Vancouver may Provide 300 Modular Homes Annually for Homeless Read More
According to an affordable housing advocacy group, nationalmortgagenews informs MHProNews, low-to moderate-income consumers and minorities face a rocky road when it comes to buying a home in New York. The Association for Neighborhood & Housing Development (ANHD) said these groups have a hard time finding credit to purchase a home,
Demographics of New York not Reflected in Home Purchase Loans Read More
In the news from CNNMoney: Twitter founder Jack Dorsey and Facebook founder Mark Zuckerberg threatened by ISIS. Nike’s Phil Knight gives $400 million to Stanford University. Oil plunges to below $30, regains, moves back to $32—still volatile. Beijing has more billionaires than New York. While gas falls in U. S.
Universal Forest Products Gains +6.55 Percent in Two Days Read More
The S&P/Case-Shiller index of home prices in 20 U. S. cities rose 5.7 percent from Dec. 2014, while nationally prices increased 5.4 percent year-over-year, according to bloomberg. While gains in payrolls and low jobless claims may be making home buying more attractive, continuing low-interest rates and more affordable properties for
Stabilizing Home Prices could make Home-buying More Feasible for First-time Buyers Read More
MHProNews has learned from businessinsider that Chinese companies are buying foreign businesses at a record rate as their own economy slows to a pace not seen in 25 years, and investors are feeding on buying outside the country. The Chinese government has to approve these deals, plus they have to
Chinese Buying U. S. Firms at Record Rate. Will housing Fall-ow? Read More
The greater Vancouver, British Columbia, Canada city includes Langley which has a 35 year-old manufactured home on 2.5 acres that sold last month for $1.15 million and has been listed again for $1.8 million, according to what theprovince tells MHProNews. The three-bedroom, two-bath home is located near a school and
35 Year-old Manufactured Home Lists for $1.8M Read More
Southfield, Michigan-based Sun Communities, Inc. (NYSE:SUI) reported fourth quarter 2015 funds from operations of $48.9 million, or $0.81 earning per share (EPS), $0.04 short of what three analysts surveyed by Zacks Investment Research had estimated. Funds from operations in the real estate investment trust (REIT) is a significant indicator in
Sun Reports Q4 and Year-end Financials Read More
In the news from CNNMoney: Land Rover rolls out $245,000 SUV. Millions of Mars and Snicker candy bars recalled. Free college degrees luring Americans to Europe. Oil continues to have a chokehold on stocks. Tourism slow down holding back Egypt’s recovery. Deutsche Boerse plans London Stock Exchange takeover. Bank of
Dow Rolls Back -1.14%; More MH-related Stocks Close Down than Up. Read More
Manufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED). But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds,
Doug Ryan: Expand the Lending Opportunities for MH Buyers Read More
According to hilltopmhc, Assetmark increased its stock in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 74,692 shares and now holds 89,260 shares with a value of $5,228,220. It increased its hold by 512.7% and now represents 0.11% ownership. The stock’s 200-day moving average is $61.60 with a 50-day moving average of
Assetmark Increases Stake in Equity LifeStyle Properties Read More
Updating a story MHProNews posted July 21, 2014 about Wyoming Homes owner David Valenti being sued by the Pennsylvania AG for not delivering manufactured and modular homes for which he was paid, and not fulfilling contacts, timesleader reports he pleaded guilty in Luzerne County Court to 19 counts of theft.
David Valenti Pleads Guilty to 19 Counts of Theft Read More
According to what housingwire tells MHProNews, Fitch Ratings reports that, after four years into the housing recovery, the shortage of inventory continues to plague the market, unlike past recoveries, which reduces housing options. Fitch says this is true of existing homes as well as new homes. The National Association of
Fitch Ratings Predicts Homes for Sale Inventory to Change Little in 2016 Read More
