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.
Following a story MHProNews posted July 29, 2015 regarding a Request for Information (RFI) from the General Services Agency (GSA) concerning manufactured homes for the Federal Emergency Management Agency (FEMA), the Manufactured Housing Association for Regulatory Reform (MHARR) says it is “questionable.” MHARR states FEMA may be seeking suppliers of […]
MHARR Finds Fed’s RFI Suspicious Read More
In the news from CNNMoney: Exxon and Chevron profits are down 50 percent. Puerto Rico will likely default Monday. Greek stock market to reopen. Beijing gets the 2022 Winter Olympics. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +2.16 percent to end the day at 984.86. More manufactured housing
MHCV Beats Dow, Gains 2.16%; Carlyle Outpaces other MH Stocks Read More
An OpEd in Tampa’s tbo entitled Fairness and Respect for Florida’s Manufactured Home Owners has put a local focus on the OpEd in thehill in which MHLivingNews and MHProNews publisher L. A. “Tony” Kovch notes the unintended consequences of the Dodd-Frank Act that make lending on manufactured homes valued at or
Tampa OpEd Calling for Fairness and Respect Resonating with Manufactured Home Industry Read More
In its quarterly earnings report for Q2, 2015, Patrick Industries, Inc. (NASDAQ:PATK) reported $0.78 earnings per share, beating the Thomson Reuters consensus estimate of $0.73 by $0.05, according to AnalystRatingsNet. Revenue of $233.50 million was just short of the consensus estimate of $239.80. CL King had set a “buy” rating
Patrick bests Analysts Estimates on Earnings Per Share Read More
Capital One informs MHProNews that during the past 45 days it has completed 17 transactions for manufactured housing community investors providing over $150 million in funding. Led by Senior Vice Presidents Chad Thomas Hagwood and Damon Reed, the properties were located in Arizona, California, Colorado and Oregon, indicating the wide
Capital One Closes $150 Million in Deals in 45 Days Read More
Port St. Joe, Florida residents are up in arms over the proposed siting of a manufactured home (MH) in their subdivision, according to whjg-tv, saying it will lower their property values. Some residents are not sure if it is an MH or modular, leading the city to put a stop
Florida City wants to Extend ban on Manufactured Homes Read More
Sun Communities, Inc. (NYSE:SUI) reported earnings of $0.87 per share for the second quarter, besting analysts expectations by $0.04 per share, and besting earnings for the same quarter last year by $0.09 per share, according to dakotafinancialnews. Sun’s revenue was up 40 percent on a year-over-year basis, $165.90 million for
Sun Posts Positive Returns for Q2, 2015 Read More
In the news from CNNMoney: Gold may fall to $350. China’s stock market is nearly in a free fall. U. S. economy grew 2.3 percent from April to June. Median home price in the U. S. is $236,000. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.76 percent to
Skyline Gains +3.65%; Most Manufactured Housing Stocks Rise Read More
According to the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI), pending home sales declined in June, for the first time in 2015, following five straight months of increases. As themreport informs MHProNews, the drop was -1.8 percent in June to 110.3, but remains 8.2 percent above the
Pending Home Sales Fell in June Read More
The modular home that placed ninth in the 2013 U. S. Department of Energy Solar Decathlon competition is now up for auction by Reid’s Auction Canada Inc. Borealis, constructed by University of Calgary and Mount Royal University students features an array of roof-mounted solar panels that generates as much energy
Modular Solar Decathlon Entry up for Sale Read More
Although not all of their merchandise can be ordered online, Swedish furniture manufacturer Ikea has developed an entire modular house they will build and flat-pack ship to you for only $86,000. In conjunction with architecture by IdeaBox, less than dramatic would define this clean-lined abode. The 745 square-foot home, the
Modular House Available from Ikea Read More
In the wake of the story MHProNews posted July 22, 2015 regarding the city council of Huntsville, Texas changing its mind to allow manufactured homes (MH) within the city limits after first denying their placement, Executive Director D. J. Pendleton of the Texas Manufactured Housing Association (TMHA) has issued a
Seeking Problems/Success Stories with Siting Manufactured Homes in Texas Read More
In the news from CNNMoney: Interest rates likely to rise in six weeks. Cigarettes are harmful, but shares of Marlboro maker Altria are up over 30% the last 12 months. Toshiba’s interim CEO takes 90% pay cut. Hot air returns to Tom Brady’s denial: “I did nothing wrong.” Meanwhile, the
Dow Rises 121 Points; Rise in Interest Rates once again on Hold Read More
The General Services Administration has issued a Request for Information (RFI) entitled Standardization of Floor Plan Design for Manufactured Housing Units which is solely for information and planning purposes, and MHProNews understands is not a Request for Proposal (RFP). Any solicitations will be synopsized on the Federal Business Opportunities (FedBizOpps)
Federal Emergency Management Agency Seeking Manufactured Home Suppliers Read More
A survey conducted by Inside Housing magazine in the United Kingdom says that over the next three years, 58.6 percent of the 22,544 homes planned by 17 of the UK’s largest housing associations will be constructed using offsite methods, including modular construction. Heathrow Airport’s Terminal T2A was modular construction, and
Modular Becoming more Mainstream in UK Read More
Baby boomers, rising rents, retirees and rising home prices are driving demand for affordable housing, which in turn is propelling the manufactured housing real estate investment trust (REIT) sector, pushing it to a year-to-date return of 13.13 percent, far above the -1.07 percent average for the FTSE NAREIT All Equity
Manufactured Housing REITs Yield a Strong Return Read More
With a target price set at $64.00, Zacks has upgraded shares of Equity LifeStyle Properties, Inc (NYSE:ELS) from a hold rating to a buy rating, according to lulegacy. Shares of the real estate investment trust (REIT) opened at $56.87 on Monday, and closed Tuesday, July 28 at $57.07, approaching the
Manufactured Home Community Owner ELS has Investors’ Attention Read More
Chilean Felipe Assadi Arquitectos has designed an 80 square meters (860 square foot) prototype modular home constructed of locally-sourced pine with floor-to-ceiling glass windows, requiring just 45 days to assemble. Offering a sustainable design as a less expensive alternative to a more permanent dwelling, the home is made so additional
Chilean Modular Home Offers Expansive View of Surroundings Read More
In the news from CNNMoney: Oil prices have fallen nearly 20 percent this month. No stock market correction has occurred in four years, even though the crises in China, Greece, falling commodity prices and the threat of rising interest rates smack of danger. Meanwhile, the Yahoo Manufactured Housing Composite Value
S&P Rises 1.24%; MHCV Moves Up +0.48 Read More
Following a story MHProNews last posted June 25, 2015 regarding a request for expansion of a manufactured home community (MHC) on what was once part of the Southgate Estates MHC in Bloomington, Illinois, the city council denied the proposal. Although the planning commission had recommended approval, the city council voted
City Council Rejects Current Plan for Manufactured Home Community Expansion Read More
