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.
Analysts predict profits for the S&P 500 companies will fall 4.6 percent the first quarter of this year compared to the same period last year, while others say tech and biotech stocks in the Nasdaq are overvalued. This combination plus weak signals in the economy is the reason the Dow […]
MHCV, many Manufactured Housing Stocks Slip; Analysts Predict Further Falls Read More
While housing starts fell 17 percent in February, as the National Association of Home Builders informs MHProNews, newly built, single-family home sales rose 7.8 percent for the same month to a seasonally annual adjusted rate of 539,000 units. Utilizing data from the U. S. Department of Housing and Urban (HUD)
New and Existing Home Sales Rise; Housing Starts Plunge Read More
A manufactured home community co-operative may be in the works for Wahpeton, North Dakota, according to a feasibility study read to the Wahpeton Finance Committee by Wahpeton Economic Development Director Jane Priebe. The town’s Economic Development Commission would develop the project after receiving financial support from a series of partners
City is Developing Manufactured Home Community Co-op Read More
While noting that stocks for companies with strong ties to the housing market are doing well–homebuilder KB Home, Lowe’s, Sherwin Williams, Whirlpool appliances—CNNMoney tells MHPronews the refinancing impetus may be over. Despite high home sales last month, if mortgage rates start to move higher, as the Federal Reserve suggests, the
Could the Housing Bubble Burst Again? Read More
The Licking Heights School District in Pataskala, Ohio, just east of Columbus installed six modular classrooms at the beginning of the current school year, and will acquire six more for the Central Middle School before next school year begins. MHProNews has learned from newarkadvocate the current high school had just
Modular Classrooms will Accommodate Growing Enrollment Read More
Orders for big ticket items, a surprise decline in retail sales and a steep drop in existing home sales instilled fears of a weakening economy in investors, driving down the Dow Jones Industrial Average in today’s trading -292.60 points, -1.62 percent, to end at 17,718.54. Meanwhile, the Nasdaq plummeted -118.21
Economy Fears Drive Down Tracked Manufactured Home Stocks, MHCV Read More
KW Communications has informed MHProNews that Federal Capital Partners and Horizon Land Co. LLC have purchased eleven manufactured home communities (MHCs), primarily in western New York, for $88 million. This 2,413 home site transaction brings to 32 MHCs the two companies own with a total of 5,600 home sites. The largest
Demand, Sales Rise for Manufactured Home Communities Read More
LaDonna Sue Smith, wife of Stephen Smith of Oklahoma City, Oklahoma passed away suddenly March 20, 2015. An innovative hairdresser, LaDonna was a Bible study leader, involved in prison ministry, and sang in a band called AudioSilver. Her husband, Stephen, is vice-president of Durham Supply, a leader in the manufactured
Passages: LaDonna Smith Read More
On March 16, a delegation of Manufactured Housing Association for Regulatory Reform (MHARR) executives met with U. S. Department of Energy (DOE) Deputy Assistant Secretary for Energy Efficiency Dr. Kathleen Hogan, and other officials, to discuss manufactured housing (MH) energy rules under consideration by DOE. MHARR tells MHProNews the rulemaking
MHARR Questions Energy Department rules Governing Manufactured Housing Read More
With European stocks out gaining the U. S. stock market this year, drawing U. S. funds into overseas markets, and the middle class shrinking in every state since 2000, CNNMoney tells MHProNews the Dow Jones Industrial Average dropped-104.90 points in today’s trading, -0.58 percent, to close at 18,011.14. Meanwhile, the
MHCV Advances to 650.5; Investors Heading to Europe, Dropping Dow Read More
The Hollywood Hotel and Casino – along with the neighboring Resorts Hotel and Casino – are the site for this years 2015 Tunica Manufactured Housing Show. Differing from the previous Harrah’s property, the Hollywood lives up to its name by featuring scenes and memorabilia from Hollywood movies and TV Shows.
From Hollywood to Manufactured Housing Professional Growth, Profit Read More
Unlike the three major indexes, the Manufactured Housing Composite Value (MHCV) moved up +0.32 percent to close at 641.3. Oil dropped -0.17 percent to 47.38, often a portent for the Dow Jones Industrial Average which fell -11.61 points, -0.06 percent, to end the day at 18,116.04. The Nasdaq slipped -15.45
MHCV Gains, Tracked Stocks Close Mixed, Deer Valley Plummets Read More
In a measure to preserve housing affordability while shielding taxpayers from another bailout, nationalmortgageprofessional tells MHProNews three Democratic representatives on the House Financial Services Committee have reintroduced housing finance reform legislation. Reps. John Carney (D-DE), John K. Delaney (D-MD) and Jim Himes (D-CT) first introduced the Partnership to Strengthen Homeownership
Housing Finance Reform Bill Balances Public vs Private Read More
MHProNews has learned from Benzinga that 2015’s best performing real estate investment trusts (REITs) are manufactured home community owners. Equity LifeStyle Properties, Inc. (ELS), Sun Communities, Inc.(SUI) and UMH Properties, Inc. (UMH) averaged a 9.4 percent growth rate this year through mid-March. Sun owns and operates 242 MH and RV
Manufactured Home Communities Top the REIT Charts Read More
The ‘all new’ 2015 Tunica Manufactured Housing Show long-range forecast suggests that you bring a jacket and umbrella, so MH pros can take advantage of the hot deals and free business building seminars predicted for the event. The 2015 Tunica Show is dubbed ‘all new’ by its organizers, as the
The Consumer Financial Protection Bureau (CFPB) has finalized its online system for allowing consumers to file complaints on its complaint portal, as americanbanker tells MHProNews. Initially, only the name of the institution and the product was to be named, but now consumers will be able to enter a narrative of
CFPB Defines Consumer Complaint Clearinghouse; Industry Complains Read More
The Yahoo! Finance Manufactured Housing Composite Value spiked, gaining +4.40 percent, to end the day at 639.3, while stocks we cover related to the manufactured housing liked what they were hearing today as all except two stocks—Skyline Corp. and Third Avenue Value Fund (which actually is trailing one day)–closed down
MHCV Gains, Most Tracked Stocks End the Week on Positive Note Read More
The Manufactured Housing Institute (MHI) informs MHProNews the Ohio Supreme Court struck down a zoning law as unconstitutional that was designed to eliminate manufactured housing from Lodi, Ohio. The zoning code states any property considered noncomforming that is vacant for six months is considered abandoned. In the case of manufactured
State Court Strikes Down Law that Harms Community Owners Read More
A Senate bill before the North Carolina General Assembly, to improve the safety of roads in the state, addresses the accountability of professional housemovers, specifically applied to manufactured, modular and mobile homes over 15 feet wide. The proposal states the transporter shall be held liable for damages of any kind
Legislature Defines Blame for Manufactured Home Delivery Damage Read More
In Boston’s bid for the 2024 Olympics, Mayor Martin Walsh sees an opportunity for city planning and infrastructure improvements that need to done regardless of whether the bid goes through or not. He envisions modular housing units at the Olympic Village, which could be sited at the University of Massachusetts.
Olympics’ Athlete’s Village could Result in Affordable Modular Housing Read More
