Manufactured and Modular Housing News

Deer Valley Falls -11.11%, as Most Tracked Manufactured Housing Stocks Slip Read More

Deer Valley Falls -11.11%, as Most Tracked Manufactured Housing Stocks Slip

By Matthew Silver / July 21, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Move to Panama and retire, beachfront, on $25,600 a year. Falling prices of gold, oil, aluminum and copper raise concerns about global market. The NFL brought in $12 billion last year, a big jump from the $10.5 billion the previous years. Apple stock falls eight

Equity LifeStyle Properties Beats Analysts Expectations in Q2 Read More

Equity LifeStyle Properties Beats Analysts Expectations in Q2

By Matthew Silver / July 21, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from uknewsyahoo that Equity LifeStyle Properties (ELS) reported for the second quarter 2015 it posted funds from operations (FFO) of $64.5 million or $0.70 per share, beating the average estimate of Zacks Investment Research analysts by $0.02 per share. A closely watched measure in the real estate

Factory-Built Homes—the New Cool Read More

Factory-Built Homes—the New Cool

By Matthew Silver / July 21, 2015 / Business, Communities, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, Trends

As the housing recovery sputters along from the Great Recession, trying to overcome the lowest percentage of homeownership in 20 years (63%), even with the aid of artificially maintained low interest rates, people are moving away from the McMansions with their high maintenance and trophy appearance, and paying more attention

Lawsuit Challenges Removal of Manufactured Home Carports Read More

Lawsuit Challenges Removal of Manufactured Home Carports

By Matthew Silver / July 21, 2015 / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

A class action lawsuit has been filed on behalf of 22 owners of manufactured homes (MH) in Burnside, Minnesota after the city sent notices telling the homeowners they need to remove their carports because they were installed without permits, according to kstp-tv5. City Code Enforcement Coordinator Christopher Forslund said the

Keiser Homes Fire did not Damage Main Structure, Electrical or New Homes Read More

Keiser Homes Fire did not Damage Main Structure, Electrical or New Homes

By Matthew Silver / July 20, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Following a story MHProNews reported Friday, July17 regarding a fire at modular builder Keiser Homes in Oxford Maine, sunjournal reports the fire was contained to a lean-to where where wood was stored, destroying most of the wood and the structure, but did not affect the main building, the electrical system

Deer Valley Gains 10.25%; Dodd-Frank Turns Five Tomorrow Read More

Deer Valley Gains 10.25%; Dodd-Frank Turns Five Tomorrow

By Matthew Silver / July 20, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Gold prices fall to five-year low. Banks in Greece open for the first time in three weeks, but customers can only withdraw 60 euros. Huffington Post to cover Donald Trump as entertainer, not as a politician. Hillary Clinton says employees should receive more of corporate

Housing Starts, Permits Hit Eight-year High Read More

Housing Starts, Permits Hit Eight-year High

By Matthew Silver / July 20, 2015 / Economy, home buyers, Manufactured and Modular Housing News

In good news for the housing industry, the U. S. Department of Commerce reports housing starts spiked 26.6 percent in June and housing permits markedly rose 30 percent over a year ago, both notching eight-year highs, largely due to the strength of the multi-housing market.. The seasonally adjusted annual rate

Marcus & Millichap Arrange Sale of Florida Manufactured Home Community Read More

Marcus & Millichap Arrange Sale of Florida Manufactured Home Community

By Matthew Silver / July 20, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) has informed MHProNews that Daniel Hurd and Dan Mulkey of their Tampa office arranged the sale of Country Villa Mobile Home Park in Lakeland, Florida. The 45-home site senior manufactured home community (MHC), a mix of single and multi-section homes,

Mark Engel to Join Green Courte Partners as CFO Read More

Mark Engel to Join Green Courte Partners as CFO

By Matthew Silver / July 20, 2015 / Manufactured and Modular Housing News

MHProNews has been informed that Mark Engel will be joining private equity real estate investment firm Green Courte Partners, LLC (GCP) Aug. 17, 2015 as Managing Director and Chief Financial Officer, replacing Jane Mody who has been in the CFO post since March 2011. Mr. Engel has over 20 years

Honda Agrees to Cease Discriminatory Automobile Lending Read More

Honda Agrees to Cease Discriminatory Automobile Lending

By Matthew Silver / July 20, 2015 / Business, Finance, Legal, Manufactured and Modular Housing News

The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) resolved an action with American Honda Finance Corp. over charges the auto maker’s pricing policies discriminated against people of color, resulting in their paying higher interest rates, regardless of creditworthiness, than white borrowers for auto loans. As part

Jul 19 2015

Sunday Morning Recap-Manufactured Housing Industry News-July 12-July 19, 2015

By Matthew Silver / July 19, 2015 / Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Congressman Stephen Fincher is demanding Fairness for MH owners Deer Valley CFO Steve Lawler Inside MH Video and Home Tour Cancer Cures and Today’s MH What’s New in Manufactured Housing Industry Professional News The Manufactured Housing Association for Regulatory Reform’s (MHARR) Mark Weiss documents

Sunday Morning Recap-Manufactured Housing Industry News-July 12-July 19, 2015 Read More

Jul 18 2015

Encore Wire Gets Buy Rating from Zacks

By Matthew Silver / July 18, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Shares of Encore Wire Corporation (NASDAQ:WIRE) of McKinney, Texas have been upgraded by Zacks from a hold rating to a buy rating in a research report sent to investors, according to dakotafinancialnews. The company has a current price target of $47.00 on the stock. As MHProNews knows, Encore manufactures copper

Encore Wire Gets Buy Rating from Zacks Read More

Fire Starts in Wood Pile at Modular Homebuilder Keiser Read More

Fire Starts in Wood Pile at Modular Homebuilder Keiser

By Matthew Silver / July 17, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

A fire at modular homebuilder Keiser Homes in Oxford, Maine started around 4:45 this afternoon in a stack of plywood after employees had left for the day, according to a report by pressherald. Fire Chief Wayne Jones said the fire spread only about 20 feet into the building, and a

Mystery Ingredient in 3D Printing Modular Home Read More

Mystery Ingredient in 3D Printing Modular Home

By Matthew Silver / July 17, 2015 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

A Chinese company called Zhuoda Group is utilizing the 3D printing process to manufacture modular homes using a secret ingredient that they are not willing to divulge, according to 3dprint. It is not a cement base, as most 3D printed buildings are, but the company says it will withstand a

Universal Forest Products adds to Gain; Most Manufactured Housing Stocks Quiet Read More

Universal Forest Products adds to Gain; Most Manufactured Housing Stocks Quiet

By Matthew Silver / July 17, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Google shares rise 13 percent. Stocks in China fall, cutting 30 percent from the country’s growth. Hackers invade UCLA Health Network, access data of 4.5 million. U. S. facing a $1 trillion pension shortfall. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -0.45 percent

Patrick to Discuss Q2 Financials July 30; Gendell Sells More Stock Read More

Patrick to Discuss Q2 Financials July 30; Gendell Sells More Stock

By Matthew Silver / July 17, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People, RV, Stocks

Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) will release its Q2 financials before the market opens Thursday, July 30, 2015 followed by a conference call at 10:00 AM Eastern Time that same morning for a discussion of the results and other business matters. The call will be conducted by Todd Cleveland,

Homebuilders Confidence Level Hits High Mark Read More

Homebuilders Confidence Level Hits High Mark

By Matthew Silver / July 17, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Marking the 13th consecutive month reading above 50, and hitting the highest point in nearly a decade, the National Association of Home Builders/Wells Fargo builders confidence gauge high 60 this month. Any number above 50 signals that builders are optimistic about sales trends, according to marketwatch. “This month’s reading is