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 Delaware Attorney General’s office has filed a lawsuit against Chicago-based Hometown America Communities Inc., the owner of three Delaware manufactured home communities (MHC ) for allegedly pressuring tenants into waiving their right to arbitrate rent increases, according to delaware1059. Residents at Angola Beach Estates, Rehoboth Bay and Barclay Farms […]
State Sues MHC Owner over Rent Arbitration Read More
In the news from CNNMoney: Marriott acquisition of Starwood creates largest hotel company. Auto loans hit $1 trillion mark for first time. United Kingdom hiring 1,900 spies to fight Isis. U. S. markets still strong despite Paris attacks. Wall Street expects retail sales to only rise two percent in Nov.
Sun Communities Gains over 3.5%; Dow, Nasdaq, S&P all Gain over One Percent Read More
President and CEO of Clayton Homes, Inc. since 1999, Kevin T. Clayton is a board member of Ruby Tuesday, Inc., and on Tue., Nov. 10, 2015, purchased 20,000 shares of company stock at $5.20 per share for a total value of $104,000. As wkrb13 reports, in a document filed with
Clayton CEO Purchases 20k shares of Ruby Tuesday Read More
Following a story MHProNews posted Nov. 13, 2015 regarding a new ordinance in Mojave County, Arizona that restricts siting of manufactured homes (MH) to no older than seven years, kdminer tells MHProNews the County Board of Supervisors will weigh a request from the Manufactured Housing Industry of Arizona to delay
County may Amend Restrictive MH Siting Ordinance Read More
In a transaction dated Nov. 11, 2015, Drew Industries (NYSE:DW) Director Leigh J. Abrams sold 6,000 shares of Drew stock at $59.27 per share for a net value of $355,620.00, according to a filing with the Securities and Exchange Commission. Mr. Abrams now owns 74,506 shares valued at $4,415,970.62, according
Drew Director sells 6,000 Shares Read More
What’s New in Manufactured Housing Industry Professional News $25k can apply to MH in Ala. and Long Island. Insider trading: Cavco, UMH, Sun, Drew. MH securitizer beats Zacks consensus. Ordinance allows newer homes only. Log cabin builder honored. Former Ginnie Mae head says mortgage reform unlikely. One Fed Head says
Sunday Morning Recap-Manufactured Housing Industry News Nov. 8-Nov. 15, 2015 Read More
According to americantradejournal, on Nov. 5, 2015 Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,000 shares of UMH stock at $9.92 per share for a total of $49,652.62. As MHProNews reported Aug.18, 2015, Landy purchased 5,479 shares of UMH at $9.12 per share for
UMH Chairman Adds to His Company Stock Read More
MHProNews has learned from modularhomecoach that in 2015 when ESPN assumed the role of broadcasting the US Open Tennis Tournament, it picked Triumph Modular to construct the two separate buildings. Triumph has provided temporary modular facilities for the ESPN network for the past seven years, but the broadcast rights had
Modular Structures will Grace US Open Read More
According to voicechronicle, Sun Communities (NYSE:SUI) chief operating officer (COO) John Bandini McLaren sold 5,000 shares of Sun Communities stock Thursday, Nov. 12 for $62.00 per share for net proceeds totaling $310,000. McLaren now owns 112,616 shares valued at $6,982,192. Sun last reported its earnings for Q3 2015 on Oct.
Sun Community Principal Sells 5,000 Shares of Stock Read More
In the news from CNNMoney: The Federal Reserve is saying be prepared for nigher interest rates. More women are living at home than ever before. Europe wants G20 to help with refugees. Smarter robots put 50 percent of jobs at risk. Typical American family earned $53,657 last year. Country will
Skyline, Patrick and Universal Forest Products Gain; Dow, Nasdaq, S&P Fall Read More
A new ordinance requiring all manufactured homes (MH) being moved from one property to another within the county must have been produced no more than seven years from the request date for the permit, under a zoning change that takes effect in Mojave County, Arizona, Dec. 2, 2015. The previous
Ordinance Requires Manufactured Homes to be Under Seven Years Read More
According to the National Association of Realtors (NAR) home prices rose in 87 percent of U. S. metro markets during the third quarter, down from the second quarter when 93 percent of metro areas saw increases for existing single-family homes. In 154 of 178 areas measured, the median price of
U. S. Home Prices Rise as Affordability Recedes Read More
The U. S. Department of Housing and Urban Development (HUD) will provide $500,000 through the Federal HOME Investment Partnerships Program to assist first-time homebuyers in Nassau County, New York purchase a home, including manufactured homes. Eligible applicants can receive up to $25,000 for down payment/closing costs of a new or
$25k Grant Available for First Time Home Buyers on Long Island Read More
For 20 years the Biddeford-Saco Rotary Club in Biddefore, Maine has enjoyed a successful relationship with the Biddeford Regional Center of Technology (COT) in the construction of energy-efficient modular homes. As mainelymediallc informs MHProNews,upon completion the homes are sold by the club and the revenues are returned to the school
Rotary Club Partners with School to Build Modular Homes, Do Rehab Read More
In the news from CNNMoney: Americans buying gold at a rate unseen since financial crisis. Atlanta Braves fans can buy non-voting shares of team. Russia’s economy keeps shrinking. Zombie debt collection scams on the rise. Aston Kutcher launches tech lab to fight child exploitation. Trump gave Saturday Night Live its
MH-related Stocks all drop or Remain even–No Gainers Read More
Chicago Federal Reserve President Charles Evans, noting “the outlook for inflation remains too low,” said inflation does not currently have enough upward momentum to justify raising interest rates before some time next year. He added rate increases should be very gradual after the initial increase, as reuters informs MHProNews. Speaking
Chicago Fed Head Seeks to Put Brakes on Rate Hike Read More
Residents of Franklin County in northern Alabama may be eligible to each receive $25,000 for home repair or replacement, regardless of whether the damage was the direct result of the tornadoes that tore through the area in 2011. According to franklincountytimes, this is the second round of funding through the
$25k CDBG Funds to Replace Manufactured Homes in Alabama Read More
MHProNews has learned from insidertradingreport that the president of Fleetwood Homes division of Cavco Industries, Inc. (CVCO), Charles E. Lott, sold 1,516 shares of Cavco stock on Nov 6, 2015, as reported to the Securities and Exchange Commission. The shares were sold at $95.25 for a total value of $144,399.00.
Insider Trading at Cavco following Stock Spike Read More
The former president and CEO of Ginnie Mae, Joseph Murin, said the Obama administration is not looking to recapitalize GSEs Fannie Mae and Freddie Mac, preferring to leave them as a conservatorship from which funds can be extracted as needed. Also, he does not believe reform of the government-sponsored enterprises
Former Head of Ginnie Mae does not Envision GSE Reform Soon Read More
In the news from CNNMoney: Disney pushing to bring NFL back to LA. Berkeley opts for $15 minimum wage, instead of $19. CEO Patrick Byrne of Overstock calls economy “Yellen’s Magic Money Machine.” Fox draws 13.5 million viewers, just short of CNBC’s 14 million. Joe’s Crab Shack is now no
MH-Related Stocks Mostly Quiet, but Skyline Gains 3.57% Read More
