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 manufactured home communities sector plus suppliers were mostly up, and the MHCV rose over ½% in today’s trading. OPEC’s pressure on oil seems to be hurting Mother Russia and their rubble. Standard and Poor’s has said they are reviewing the Russian debt status, with a 50% chance it will …
MHCommunities and Suppliers mostly up, MHCV rises and the Dow hits new high Read More
During trading on Monday, December 22, 2014, the price of Equity Lifestyle Properties (NYSE:ELS) shares hit a new 52-week high, which closed at 51.69 +1.32 (2.62%). According to Intercooler, ELS has been the subject of a number of recent research reports including one conducted by analysts at TheStreet. As a result, on …
Equity Lifestyle Properties stock Hits New One-Year High Read More
When considering the successes of The Carlyle Group (CG) compared to other investment firms, seems to be a study in contrasts. With assets of $203 billion, Carlyle still gets almost all of its profits from private equity operations. Bloomberg Businessweek reports that one Carlyle European property fund has lost 80 percent in …
Analysts say Downs and Ups, while others tout Carlyle Group as “World Class” returns Read More
Manufactured home professionals are often talking about the economy and its impact on the industry. So predictions of an upward expansion for the next several years offered by economic experts at a conference at the Cox School of Business at Southern Methodist University (SMU) in Dallas last week will be …
Conference Economists Predict a Prosperous 2015 and beyond, with caveats Read More
One lucky Louisiana resident was presented with a new manufactured home on the Duck Dynasty Christmas special. During the episode, “A Home for the Holidays,” the Duck Dynasty Robertson family teamed up with Jeff Foote of Homes Plus in West Monroe, Louisiana, and Clayton Homes to deliver a 1,620-square-foot manufactured …
Duck Dynasty’s Willie & Robertsons present Christmas gift – new Manufactured Home Read More
The Manufactured Housing Composite Value moved down slightly today, and MH tracked stocks closed mixed. Marketwatch reaffirms for MHProNews that investors are still stoked about the gift from Fed Chair Janet Yellin last week. The S&P turns 50 with a new high, the Dow rose triple digits and NASDAQ gained too. …
Manufactured Housing Composite Slide, Dow, S&P glide in new high ride Read More
A bill that would give local governments more authority over troubled manufactured home communities died in a lame-duck session of the Michigan House on Friday. However, State Rep. Andy Schor (D-Lansing), said he plans to reintroduce the bill in the next legislative session. Schor’s bill died despite the fact that …
Investors know that diversification is a good strategy in business. The professionals at Seeking Alpha know this too, but apparently overlooked some factors in a recent report by them on UMH Properties (NYSE: UMH). Alpha writer Reuben Gregg Brewer seems to think that “With oil prices falling rapidly, it’s possible …
Alpha barking up the wrong tree? Decline of MHCs in PA and OH Doubtful Read More
The Manufactured Housing Association for Regulatory Reform (MHARR), Washington, D.C., has lodged a protest regarding the award of a contract by HUD last week. This concerns the announcement that Savan – Institute for Building Technology and Safety (IBTS) has been awarded a contract to oversee HUD’s manufactured housing dispute resolution …
Protest Lodged Concerning HUD Contract for Dispute Resolution Read More
Oil slide and its impact on MH! Financing! MHCommunities! Awards! Government Actions – and failures! New Projects! New contracts awarded! These are some of the headlines for this week in review. There is no need for a ‘theme’ for a weekly headline news review focused on manufactured and modular housing. …
Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-14 to 12-20, 2014 Read More
There is good news in the announcement from a veteran manufactured housing industry builder. Nobility Homes, Inc. (OTC MKTS: NOBH) of Ocala, Florida, announced that sales and earnings for its fiscal year that ended November 1, 2014, increased 14 percent to $21,152,259 as compared to $18,525,950 in 2013. Terry Trexler, …
The devastating floods of 2013 in Colorado left many manufactured homes (MH) in unlivable condition, or so the owners thought. However, some of them were allegedly improperly ‘repaired’ and sold, and then began appearing in MH Communities (MHC) in other Colorado cities. After the flood, when one elderly couple returned …
Allegedly Disguised Flood-Damaged Homes Elicit New Laws that may undermine MH Read More
Sun Communities hits a new high, while many other MH related stocks struggled today. The markets continued to surge ahead in what historians may someday call the Yellin Rally. The week started down, down…but finishes, up, up and away…let’s hope the balloon doesn’t burst. This is your last weekend for …
SUN hits new high, Day 3 of Yellin’s Christmas Gift to Markets Read More
Chalk up another accomplishment for modular housing. An upscale housing development is being constructed in Ithaca, New York, consisting of three different styles which have exteriors reminiscent of the homes our grandparents lived in. When completed, this will be an environmentally sustainable neighborhood of 29 historically inspired homes located within …
Upscale Urban MODs bring Retro exterior to NY Neighborhood Read More
Think that investing in a “senior” community means assisted living or nursing care? Think again. Many of today’s seniors are fit and healthy and living an active lifestyle. Many live in country-club-like manufactured home communities (MHCs) that feature pools, fitness facilities, game rooms, shuffle board, and assorted other amenities that …
Alpha Touts Manufactured Home Communities for Healthy Boomers are Becoming Hot Investments Read More
Many people in businesses related to the U.S. housing industry feel that reform of U.S. housing finance is essential to avoiding another financial crisis. In an article published in American Banker, former FDIC counsel Michael H. Krimminger said that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, remain …
FHFA’s Conservatorship of GSE brings charges of Illegalities and Strong Criticism Read More
San Francisco, California is about to discover the benefits of modular housing. The need for new housing in that area is acute and rents are increasing rapidly due to scarcity of housing units. Fortunately, several new modular projects are in the works that will help to alleviate this situation. San …
San Fran going MOD…modular building poised to help area’s housing Read More
Skyline Corp. out performed the broader markets today. Manufactured home communities and building generally did well too. CBS News called Yellin’s announcement yesterday a holiday gift. Well, investors jumped at that present and the Dow had its best single day in 3 years, with the best 2 days all year …
SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Record Read More
In most major U.S. housing markets, owning a home has become even cheaper than renting one. Trulia’s Chief Economist, Jed Kolko tells MHProNews their research has found that buying is 38 percent cheaper than renting in all of the 100 largest metropolitan areas. This study took into account all costs associated …
Skyrocketing Rents are Creating Opportunities for Manufactured Housing Read More
The Institute for Building Technology and Safety (IBTS) announced this week their appointment to HUD’s Manufactured Home Dispute Resolution Program. Through the program, IBTS will enable citizens to exercise their rights related to manufactured home quality issues. On October 7, 2014, IBTS, principal subcontractor to the Savan Group, LLC, participated …
IBTS Appointed to HUD Manufactured Housing Dispute Resolution Program Read More
