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 staff of MHProNews and MHLivingNews wishes you and yours a most happy, healthful and prosperous New Year in 2016. Programming note – the new issue of MHProNews featured articles are scheduled to go live on the home page the evening of January 2, 2016. ## (Image credit: […]
Happy New Year, 2016!!! Read More
In the news from CNNMoney: Nearly 70 percent of investors lost money in 2015. AT&T getting rid of two-year contracts. Oil dropped three percent to just below $36.50/bbl. BBC hit with cyberattack. Servers at Brooklyn restaurant will receive $27/hr, no tips. George Lucas apologizes for comparing Disney to ‘white slavers.’
Dow Closes Worst Year since 2008 Read More
The Consumer Financial Protection Bureau (CFPB) gave lenders a slight reprieve on the Know Before You Owe rule that provides borrowers with all the charges, fees and line items three days before closing instead of at closing, saying they will not be held accountable for most minor errors in loan
Lenders Receive Reprieve on Minor Errors in Closings Read More
According to builderonline, the National Association of Home Builders (NAHB) reports the National Association of Realtors (NAR) Pending Home Sales Index (PHI) slipped 0.9 percent from Oct., although it is still 2.7 percent ahead of last year at this time. The drop is considered to be more seasonal than substantive.
Pending Home Sales Slip in Nov. Read More
In insider trading, Chales E. Lott, president of Fleetwood Homes, a division of Cavco, Industries (CVCO), sold 1,516 shares of company stock at an average price of $95.25 per share for a transaction valued at $144,399.00. He currently owns 2,000 shares of the company with a value of $190,500, according
Insider Trading at Cavco Industries Read More
A memorandum from Dick Jennison, Manufactured Housing Institute President and CEO, informs MHProNews that PBS NewsHour has set Sat., Jan. 2 to air its story on the manufactured housing industry. The story has already been delayed, and it may be delayed again depending upon news priorities. MHI expects the segment
Manufactured Housing to be Featured on PBS Read More
In the news from CNNMoney: Pollution in New Delhi worse than in Beijing, as 1,400 cars are added to the streets daily. Puerto Rico defaults again. Oil prices fell another three percent. Colorful Star Trek and NASA stamps due in the New Year. Five countries damaged by low oil prices:
Skyline Lives up to its name, Surging 31.58 Percent Read More
According to bloomberg, the Conference Board’s Dec. sentiment index advanced to 96.5 from a revised Nov. reading of 92.6. The median of a survey of economists was 93.5. MHProNews understands American optimism about the economy and job market has risen. Cheaper fuel costs and an improving labor market have given
Consumer Confidence on the Rise Read More
Manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) share price marked a new 52-week high in Monday’s session, Dec. 28, reaching $66.33, according to putnamstandard, but closed even higher Tue., Dec. 29, at $66.81, as reported in MHProNews stock report. On the Dec. 28 report, four investment analysts gave
Equity LifeStyle Properties Stock on a Roll? Read More
Continuing the saga of Dublin, Ireland’s attempt to provide 40 of 500 modular homes for the city’s homeless on a lot in Balbriggan amid legal and physical threats, as well as protests causing a work stoppage, two northside councillors are opposed to the plan, saying the area has enough social
Battle in Dublin over Modular Homes for the Homeless Escalates Read More
In New Mexico, Michael Baca’s appeal to keep a pre HUD Code home was denied by the Torrance County Commission by a 2-1 vote Dec. 23, although it did pull at the heartstrings of the commissioners to essentially deny a family a place to live. Mr. Baca, with two kids,
Pre HUD Code Home brought in Illegally Read More
With a labor and available lot squeeze driving up the price of site-built homes, bloomberg reports modular homes present a viable alternative, less costly and a quicker build time than site-built, although in appearance, they might be very little different than site-built. The median construction cost for modular comes in
Modular Home Builders Pushing to Dispel Myths of Factory Built Homes Read More
In the news from CNNMoney: Uber competitor Sidecar throwing in the towel. Al Jazeera backpedals from alleging Peyton Manning did performance-enhancing drugs. California toughens equal pay law. Chipotle stock plunges 35 percent as norovirus and 2nd E. coli outbreak plague officials. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced
Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent Read More
The Office of the Federal Register informs MHProNews that the Manufactured Housing Consensus Committee (MHCC) meeting will be held Jan. 19 thru Jan. 21 at the Kentucky Exposition Center in Louisville, KY, 9:00 AM to 5 PM each day, somewhat overlapping the Louisville Manufactured Housing Show. The agenda for the
MHCC to Meet in Louisville Read More
A Long Island, NY contractor, Andrew Troiano, and his firm Alt Design & Construction Consulting, Inc., have been charged with stealing over $175k from three victims, two of whom were to receive modular homes to replace their homes destroyed by Hurricane Sandy on Breezy Point, according to theforumnewsgroup. The third
Contractor Charged with Stealing over $175,000 Read More
In the news from CNNMoney: Saudi Arabia hurting from cheap oil, as prices have fallen 11% this month. Puerto Rico is on the edge of default. Trump says wages are too low. Comics Isla Fisher and Sacha Baron Cohen donate $1 million to help Syrian war victims. “Star Wars: The
Skyline Corp. Ends Fall; MHCV closes at 1140.1 Read More
Following a story MHProNews posted Dec. 17, 2015 regarding a diseased tree that Sun Communities (SUI) was ordered to remove from Water Oak manufactured home community in Lady Lake, FL, villages-news reports as of Sunday, the tree was still there. Special Magistrate Valerie Fuchs ordered Sun to remedy the tree
Sun Leaves Diseased Tree, Declares Quarterly Dividend Read More
Formulating a seven-year adjustable-rate loan with a two-year interest only period, Capital One has arranged a Freddie Mac $11.719 million refinance for Starlight Mobile Home Park senior-only manufactured home community (MHC) in El Cajon, CA. Senior Vice President Chad Thomas Hagwood, of the Birmingham, AL multi family office, originated the
Capital One Provides $11M+ Loan for Starlight in Southern CA Read More
MHProNews has learned from yumasun that manufactured home community (MHC) Rancho El Mirage is nearing completion in Wellton, Arizona. The 55-and-older restricted, gated community, built around select holes of the Coyote Wash Golf Course, has 202 home sites, and offers extensive amenities, including fishing and boating, a pool and spa,
Arizona Manufactured Home Community to open Soon Read More
What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace
Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More
