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.
MHCV values went up 1.72% today. Unfortunately, most of the MHCV stocks we track went down with a few exceptions. Those companies with a very slight increase include (1) PATK – 0.93%, (2) CG and TAVFX – 0.88%, SUI – 0.64%, CVCO – 0.62%, and ELS – 0.04%. CNN Money […]
Dow plunges on disappointing earnings reports – Overall MHCV stocks rise slightly Read More
Whom should we believe in considering which way the housing market will go in 2015? There are several articles that predict an increase in home sales because many lenders including FHA, and those offering loans backed by Fannie and Freddie, as well as conventional lenders have lowered down payments to
Gary Shilling Says Nothing Is Going to Save the Housing Market Read More
Curbed.com asks “Where are the millennials at? And where do they want to be, with all that discretionary income of theirs?” Marketing professionals everywhere want to know if the anti-suburban sentiment in “the culture” these days has made an impact on these tweeters, these re-sharers, these snap-chatting web kidz. According
Millennials Still Chasing That Suburban Dream/Nightmare Read More
Sandwell Council is to buy 41 sustainable ‘modular’ homes in Smethwick, England, to boost its housing stock and replace properties lost to the controversial right to buy scheme. Dash.com tells MHProNews that the homes are being built by Mar City Homes, Ltd, using a modular construction system, meaning they are
Council to buy ‘modular’ homes to replace properties lost to right to buy Read More
It looks like loans backed by Fannie Mae and Freddie Mac will not be the only loans available with a 3% down payment. Marketwatch tells MHProNews that more lenders are lowering down-payment requirements, allowing borrowers to commit 3%, or even less, of a home’s purchase price to get a mortgage.
Return of the 3% Down Payment Read More
MHCV stocks went up 3.48% today. Leaders in the stocks we track are: SKY 22.83%, CVCO 3.48%, LPX 3.16%, UFPI 3.07%, and SUI 2.63%. Although a state of emergency has been declared for New York City and New Jersey due to the expected record-settling blizzard, officials say that NYSE and
U.S. Stocks Close Little Changed – NYSE, Nasdaq To Be Open Tuesday Read More
Factory-built homes roll down one modular home builder’s assembly line each week in a giant hive of activity fueled by more than 120 employees. Once assembled, the homes are loaded onto flatbeds, trucked to their new locations, placed on footings and a foundation, and then, in a very short period
Canadian Modular Home Builder Brings New Ideas and New Life to the Industry Read More
Associated Press tells MHProNews that rental prices rose 3.3 percent in December compared with 12 months earlier, the real estate data firm Zillow announced on Friday, January 23. Although that increase is less than the recent appreciation in home values, a surge in rental costs in several of the hottest
U.S. Rents Keep Climbing, Preventing Many from Saving to Buy a Home Read More
On January 23, 2015, an Indiana manufactured housing community owner was charged on two counts of discrimination because of his refusal to rent a manufactured home to a racially-mixed couple. Jamal L. Smith, in his official capacity as the Executive Director of the Indiana Civil Rights Commission (ICRC), issued charges
Welcome back to those of you who attended the Louisville Manufactured Housing Show this week. No doubt, you are still thinking about all the interesting people you met, new homes you viewed, and numerous ideas you learned at the show. Now, it’s time to put your feet up and read some
Sunday Morning Recap – January 18, 2015 to January 24, 2015 Read More
The final numbers are NOT yet in on the verified and refined totals for the 2015 Louisville Manufactured Housing Show. But the flash report, linked here, indicates that the show grew once more in attendance. The mood was reported as upbeat, according to Midwest Manufactured Housing Federation (MMHF) executives
2015 Louisville Manufactured Housing Show Initial Report Read More
Residents of Trailer Terrace, a manufactured home community 1.7 miles south of Great Falls, Montana, are celebrating the purchase of their community. This has been a long time in coming, after many years of enduring unsafe water and sewer conditions. Residents of the 90-home property now own the 22-acre site
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
