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.
While MHCV stocks went up 0.37% almost all of the MHCV stocks we track went down. Exceptions: TAVFX 1.83% Jan. 22, CG 1.54%, PATK 0.89%, SKY 0.29%, KMP 0.09%. Marketwatch tells MHProNews that U.S. stocks ended mostly lower Friday, breaking a four-day winning streak for the S&P 500 and Dow […]
According to CNN Money, “Houston, you may have a housing problem.” The fact that oil prices continue to decline is not unexpected for those who have lived through many “boom and bust” periods in the oil industry. Houston has always built its fortunes on the oil industry, and it looks
Houston, you may have a housing problem Read More
Observing trends and results in the sale of stick-and brick-homes can frequently give some clues as to what to expect in the coming year for all home sales including factory-built homes. The Wall Street Journal shares with MHProNews some observations and predictions they have made from analysis of fourth-quarter results
New Home Sales in 2015 Expected to Increase and Focus on First-Time Homebuyers Read More
On January 16, Universal Forest Products, Inc. (NASDAQ: UFPI) announced that one of its subsidiaries had closed on the purchase of a majority interest in Integra Packaging Proprietary, Ltd., a manufacturer and distributor of integrated packaging products based in Brisbane, Australia. Founded in 1995, Integra has two locations in Eastern Australia where it
Universal Forest Products Acquires Majority Interest in Australian Packaging Company Read More
Yes, Hurricane Sandy occurred back in 2012, but there are still people living in the state of New Jersey whose manufactured homes were destroyed in the storm, and who have not received any compensation for their losses. Now Rep. Bill Pascrell, Jr., (D-NJ) thinks that New Jersey Governor Chris Christie
Overall, MHCV stocks declined 21.3 points from yesterday to 516.1 (-3.97%), but surprisingly, almost all of the MHCV stocks we track saw an increase in value. Examples: AMG 4.03%, LPX 3.62%, DW 3.56%, UMH 3.16%, SUI 2.15%. It seems that financial experts cannot agree on what to say about the
Dow jumps over 250 after ECB announces stimulus. MHC Values Continue to Dip Read More
UMH Properties, Inc. (NYSE: UMH) announced today that it has closed on the acquisition of Holly Acres, a manufactured home community in Erie, Pennsylvania. The purchase price was $3,800,000. PR Newswire tells MHProNews that this all-age community contains a total of 141 developed homesites located on approximately 40 acres. The average occupancy for this
UMH Properties, Inc., Announces New Acquisition Read More
The Bradenton Herald tells MHProNews that two adult living manufactured home communities in Bradenton, Florida, sold this month within days of each other, for a combined amount of $13 million. DeSoto Mobile Estates, 1219 51st Ave., sold to Palm Cove MHC LLC, for $8 million on January 14, according
Downsizing seems to be a growing trend these days. There are many stories written about the “tiny houses” people are building, some as small as 150 sq. ft. One couple decided to buy an older model single-wide manufactured home and remodel it. Now, they happily live in a 750
Older-Model Manufactured Home Leads to Debt-Free Living Read More
Depending on what source you read, there is much speculation about what the economy will be like in 2015. Some think that Europe is on the verge of another recession, and wonder if that would affect the United States. There is also some discouraging news about declining stock prices and
Home Sales Expected to Surge in 2015 Read More
In his live-streamed fireside chat held Wednesday, HUD Secretary Julian Castro predicted that more Americans will be able to buy their own homes in 2015. He based his optimism on what he called a “confluence of factors” that he believes will encourage more potential homebuyers to take action in buying
HUD Secretary Julian Castro Believes More Americans Will Be Able to Buy Homes in 2015 Read More
MHCV tracked stocks declined slightly: -0.85%. Exceptions were: AMG 2.35%, CG 0.66%, and ELS 0.07%. USA Today tells MHProNews that stocks ended higher Wednesday as traders were encouraged by reports that the European Central Bank was poised to unveil further stimulus measures. The major indexes logged a third straight day of
Dow Gained a Few Points on Wednesday As MHC Values Continued to Decline Read More
George, the turkey, is on the run. He has delighted some residents and frightened others at the Stoneybrook Mobile Home Park, a 55+ community in Seabrook, New Hampshire. Residents who live there don’t know what happened to George’s flock, nor do they know where he stays at night. However, from
Residents of manufactured home communities in this country and in Canada frequently find themselves evicted from their places of residence for various reasons. Many times, it’s because the land has become too valuable and owners want to sell it for other types of development. Other reasons include cities not wanting
Residents of Calgary MH Community Being Forced to Move, But Can They Afford It? Read More
There was a lot of protest at first about a “trailer park” being built in a neighborhood of $300,000 to $700,000 homes in Absecon, New Jersey. This is an upscale community located just west of Atlantic City. Residents bought homes there to enjoy the scenery that overlooks Absecon Bay, an
New Upscale MH Community Joins Upscale Neighborhood in New Jersey Read More
Overall, MHCV tracked stocks went down -3.31%. Only a few had even a slight increase. These included TAVFX 1.34% (Jan.16), AMG 1.23%, DW 1.16%, and KMP 0.38%. The bad news today is that crude oil prices continued to drop. As a result, USA Today tells MHProNews that Baker Hughes (BHI) said
The Dow Went up a Few Points on Tuesday As Manufactured Housing Composite Values Dipped Read More
In an effort to help underserved borrowers, Director Melvin L. Watt of the Federal Housing Finance Agency (FHFA) has ordered the GSEs, Fannie Mae and Freddie Mac, to increase the use of housing counseling. It is hoped that this will assist entry-level borrowers to get into the housing market by
FHFA Director Wants to Step Up Efforts To Increase Affordable Home Ownership Read More
HUD News tells MHProNews that on Wednesday, January 21, at 9:15 a.m. EST, U.S. Housing and Urban Development Secretary Julián Castro will join Zillow’s Chief Economist Stan Humphries for a fireside chat. The event will take place at the Newseum in Washington, D.C. Secretary Castro will take questions from a
HUD Secretary Julian Castro to Answer Housing Questions in Live-Streamed Fireside Chat Read More
EA Technologies, a manufacturer of custom steel and aluminum parts and provider of electro-deposition (e-coat) and power coating services used in the manufactured housing industry, has been acquired by Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc. Both companies are located in Elkhart, Indiana. PR Newswire tells MHProNews
Drew Industries Announces Acquisition of MH Related Technology Company Read More
Gateway Lifestyles, an Australian company that specializes in the development and management of “residential parks” has hired two global financial services companies, UBS and Macquarie, to oversee the initial public offering of its manufactured housing parks business. Currently, Gateway owns 22 parks. The Australian Business Review tells MHProNews, that the
Gateway Lifestyles Going Public As MH Living Becomes More Popular Down Under Read More
