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: Warren Buffett says “America’s never been greater,” followed by another headline that says “Taxing the rich won’t solve inequality.” Wall Street has made Hillary Clinton a millionaire. Oil glut coming as soon as Iran enters the market. Pond scum could feed the world. New highway […]
Patrick Outpaces other MH-related Stocks, Dow, NASDAQ and S&P Read More
A significant player in the negotiation and adoption of many provisions of the Delaware Manufactured Home Owners and Community Owners Act, Kenneth S. Clark Sr., Nanticoke Chief Red Deer, passed away at home on his ancestral grounds near Millsboro, Oct. 9, 2015, at 84. The son and grandson of Nanticoke
Passages: Kenneth S. Clark, Sr., Nanticoke Chief Red Deer Read More
With employment in the construction industry falling by 2.3 million from 7.7 million between 2006 and 2011, and remaining 1.3 million below its peak, builders are hampered trying to find qualified workers. The would-be construction workers who came of age during the Great Recession and aftermath sought employment elsewhere. Construction
Residential and Commercial Construction Workers in Short Supply Read More
Coventry based manufacturer Central Site Accommodation is assembling the first modular house in the United Kingdom to be totally 100 percent manufactured offsite, according to what constructionenquirer tells MHProNews. It will be on display Oct. 14 and 15 at the OFFSITE Construction Show at the ExCeL Centre in London. Central
Galvanized Steel Modular is 1st 100% Off Site Build Read More
MHProNews has learned from mapmag, the California Association of Realtors Chief Economist Leslie Appleton-Young stated that house price increases will be at the lowest rate since 2011. She predicts in 2016 the median price of a detached house will rise by 3.2 percent to $491,300, which is less than half
California Home Value Increase Slowing Read More
Shares of Encore Wire Corp. (NASDAQ:WIRE), suppliers of a variety of interior electrical wire to the manufactured home industry have been on a bit of a tear: the stock has risen +11.42 percent in the last week, and +16.09 percent for the past four weeks, according to reports MHProNews has
Encore Wire Shares Lighting Up Read More
In the news from CNNMoney: Lilly stock nosedives 8% on cholesterol drug drop. Stephen Hawking says technology to blame in part for income inequality. Putin’s Syrian air strikes creates uncertainty in Middle East, raising oil prices. Poverty expert wins Nobel Prize in Economics. Ferrari sets $1 billion IPO. Iranian Court
Nobility Falls Sharply; Many MH-related Stocks Slip Read More
Following a story MHProNews posted Oct. 6, 2015 regarding Greg Yutzy’s election as treasurer of the Kansas Manufactured Housing Association (KMHA), hutchnews reports Dave VanAsselt has been elected to the KMHA Board of Directors for 2015-2016. VanAsselt has been active in the manufactured housing industry over 30 years, and currently
Kansas Chooses MH Veteran, VanAsselt, for Board Read More
Following a continuing saga of Jeffrey L. Gendell unloading shares of Patrick Industries, Inc., as MHProNews reported Oct. 8, when he sold 19,200 shares earlier in the week, he has sold more, according to a filing with the Securities and Exchange Commission (SEC), as reported by dakotafinancialnews. Any transaction involving
More Patrick Changes Hands Read More
As the TRID (Truth in Lending Act, or TILA) and the Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure rules went into effect last week–also known as “Know Before you Owe”– mortgage industry groups continue to ask for a grace period of four months from enforcement actions and private lawsuits.
Mortgage Industry Pushing for Four-month Grace Period from TRID Read More
What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem
Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More
From knoxnews MHProNews has learned Clayton Homes, of Maryville, TN has acquired Georgia-based Chafin Communities, a residential community developer and home builder for an undisclosed price, adding Clayton to the site-built industry. Keith Holdbrooks, president of the Clayton home building group, said, “It means that we are expanding our home
Clayton Acquires Georgia-based Site-built Homebuilder Read More
Calling Equity LifeStyle Properties (NYSE:ELS) “Today’s Strong And Under The Radar Stock,” thestreet offers ten reasons why the stock is so strong, beginning with: “ELS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.8 million. ELS has traded 18.925399999999999778310666442848742008209228515625 options contracts today.
Stock of Equity LifeStyle Properties gets Strong Buy Rating Read More
Writing in an Industry in Focus report, MHProNews publisher L. A. ‘Tony’ Kovach lines up various references and witnesses to call publicly upon CFED’s Doug Ryan to modify its opposition to the Preserving Access to Manufactured Housing Act (HR 650/S 682). Citing Barney Frank, Marty Lavin, research done by Jan
Doug Ryan, CFED, HR 650/S 682 and Manufactured Home Lending Read More
CNNMoney tells MHProNews Millennials are finally coming up out of their parents’ basements and buying homes. The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah,
Four of Top Ten Cities with Mortgages by Millennials are in Louisiana Read More
In the news from CNNMoney: Truck Drivers Earning $73k. Tensions in the Middle East driving oil above $50 a barrel. Americans are spending 80% of the $360 they are saving annually on gas. Despite affirmation to the contrary, drug that skyrocketed 5,000% has not been reduced. Israeli team set for
Dow Gains 4% on the Week, but Down on the Year Read More
The Western Manufactured Housing Communities Association (WMA) has notified MHProNews of a new California law that allows community owners to demolish abandoned MH as well as those acquired via a warehouse lien, a bill supported by the WMA. A warehouse lien is a charge for storage and preservation. The law
State Law Eases Manufactured Home Disposal Read More
At a meeting of the Dorchester County Council in Maryland, discussion focused on opting out of the state’s mandated sprinkler system requirement for new homes. The regulation also covers manufactured homes that relocate, and will need to be retro-fitted with sprinklers, according to what dorchesterbanner tells MHProNews. Adding sprinklers to
Maryland County Seeking to Douse Sprinkler Law Read More
Analysts at Sidoti and Citigroup rated Drew Industries, Inc. (NYSE:DW) a ”buy” as the stock gained +3.52 percent in trading, Thurs., Oct. 8, to close at $58.19. With a market cap of $1.42 billion and a P/E ratio of 20.919, Drew has a 1-year low of $41.63 and a 1-year
Drew gets “Buy” Rating Read More
Jeffrey Allen, 67, of Waterford, Maine passed away following a battle with cancer. He transported manufactured and modular homes for many of the New England producers, eventually starting his own company, Northern Home Transport, which he operated until he retired. He also worked for Cianbro, C. N. Brown and PK
Passages: Jeffrey Allen Read More
