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 Financial Services Committee informs MHProNews that the Oversight and Investigations Subcommittee held a hearing to scrutinize the role of the Federal Deposit Insurance Corporation (FDIC) in shuttering legitimate businesses by closing their bank accounts. The only witness at the hearing was FDIC Director Martin Gruenberg. Termed Operation Choke Point, […]
Operation Choke Point Examined by Subcommittee Read More
“If underlying conditions had truly returned to normal, the economy should be booming,” said Federal Reserve Chairwoman Janet Yellen said in a talk in San Francisco. She ticked off a few other considerations: The strong dollar is hurting exports, lower oil prices have led to reduced drilling, and the housing
MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown Read More
In response to the Kevin Clayton Debt Elimination Campaign challenge established last September to help the RV/MH Heritage Foundation become debt free in five years, donors to the manufactured housing sector have raised $522,573, following Clayton’s kickstart pledge of $200,000. With a goal of $1 million, Clayton has issued a
RV/MH Foundation Issues Challenge for Debt Elimination Campaign Read More
The House Financial Services Committee passed H.R. 650, the Preserving Access to Manufactured Housing Act of 2015 that will help millions of Americans have better access to financing options for manufactured housing. The vote was 43 in favor and 15 opposed. In addition to the Manufactured Housing Institute (MHI), H.R.
H.R. 650 Passes out of House Financial Services Committee Read More
Warning that Australia is decades behind in the modular building industry, renowned construction adviser David Chandler says the country could lose out on over $30 billion annually as well as 75,000 construction jobs. BIS Shrapnel research analyst James Middleton tells MHProNews the market is being hampered by fears that modular
Australian Builders Encouraged to Study Modular Techniques Read More
MHProNews has learned from cnnmoney that Elkhart, Indiana-based Skyline Corp. (NYSEMKT:SKY) has obtained a three-year secured revolving line of credit with First Business Capital Corp. The agreement will allow Skyline to borrow up to $10 million. Secured by the company’s assets, the funds will be used for working capital, and
Skyline Corp. Secures Line of Credit Read More
In his opening statement to the full House Financial Services Committee considering 11 bipartisan bills “designed to promote a healthier economy, preserve consumer choice and help our fellow Americans achieve the American dream of financial independence,” Committee Chairman Jeb Hensarling (R-TX) acknowledged they all passed the House and/or the Committee,
Rep. Hensarling Notes Bipartisan Support for American Dream, Fighting Terrorism Read More
Made to be assembled similarly to their furniture, IKEA has designed a modular flat pack refugee shelter that can be assembled by four people within eight hours, and the United Nations High Commissioner for Refugees is ordering 10,000 of them. Some of the first units will go to Iraq to
IKEA Develops Modular Refugee Shelter Read More
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
