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.
Sun Communities Inc. (SUI) – part of the Real Estate Investment Trust (REIT) sector – closed at 58.41 +0.44 (0.76%) on Wednesday, Google Finance reported. Wall Street Scope says the return on investment is 5.00%, as of Tuesday, and Sun performed above average with a weekly performance of 1.85%, moving …
Marketwatch says that T. Boone Pickens predicts a return to $100 a barrel, but in the short term the slide of oil caused by OPEC is having an impact on Russia and their rubble. MH community connected stocks, producers and suppliers closed mix. Today’s results by-the-numbers… Dow 17,912.62 +33.07 +0.18%. …
Liberty’s big Rise, Oil and Ruble slide, MHCV and DOW on upward glide Read More
The nation’s faced many up and downs with the financial and economic crisis. Seniors are facing their own. Higher costs of living on a modest Social Security payment has forced many to plan sooner and add more to their retirement. Seniors are being forced to retire later compared to ten …
Seniors facing crisis, states the Economist and Senior Housing…but what about MH? Read More
The Pelham, AL City Council members decided to close the Belle Vista manufactured home community. Council members hope their decision will lead the way for a residential recreational community that includes a park and a walking trail. Residents are not happy with such a move. Marco Huerta, a Belle Vista …
City and Residents locked in emotional tussle over MH Community closure Read More
Gentrification has become a hot topic in many parts of the U.S.. MHProNews took a look at the issue as it’s playing out for residents in a manufactured home community (MHC) in San Antonio. New residents coming to downtown are a welcome sight to local businesses. So a planned …
Marketwatch points to the the opinion by some that America can win and ‘oil war’ with OPEC, which for now is leaving more money in the hands of U.S. and other consumers. Liberty Homes took the biggest dive in today’s factory-built housing connected stocks tracked by the Daily Business News, …
Skyline and Sun Rise, Ditto MHCV, Dow, Nasdaq and S&P Read More
Mitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets said: “We are proud to announce our first ever K-Deal that includes a loan backed by a manufactured housing community asset.” MHProNews has learned from Marketwired that the non-recourse loans use Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities. The …
Freddie Mac securitized financing for Manufactured Home Communities Read More
Commercial modular structures are non-residential buildings pre-fabricated in a production facility and then assembled on location for permanent installation. As in the case of residential modulars, commercial modulars use the same building materials that are used in conventional construction. So there is no loss of quality, in fact, both …
DRM Investments use technology for enhanced Commercial Modulars Read More
Wells Fargo will pay $175 million in compensation to more than 30,000 minority borrowers who allegedly were steered into riskier, more expensive loans during the housing boom. US News tells MHProNews that the Deparment of Justice (DOJ) alleged the nation’s biggest residential home lender charged African-Americans and Latino borrowers higher rates …
Think Loan Steering is no big deal? Wells Fargo Settles $175 Million case Read More
The ‘Pick 3’ will be a new, periodic feature here on the Daily Business News. The idea is to give you a snapshot of a stock, based on public information. But there is more… Many investors “discovering” the Walmart of quality, affordable manufactured housing are finding some surprises. In an …
Pick Three – Manufactured Housing Stock Summary – Skyline, Cavco, Patrick – Dec 1, 2014 Read More
Black Friday sales slipped, which retailers say was actually a good sign, because buyers aren’t pressured to get the best deals. While the drop in crude oil has helped consumers to the tune of about $1,100 a year, OPEC pressure on North American shale production could hurt job creation too. …
Manufactured Housing Composite slips, Black Friday and Dow Dips, big Oil drips Read More
Jim Pakulis, CEO of SearchCore, the parent company of manufactured housing retailer Wisdom Homes of America, announced today what one industry commentator called a “bold growth” vision.. Globewire carried Pakulis’ open letter, which says that after they spun-off the technology sides of their operations earlier this year, they made the …
Jim Pakulis proclaims bold growth plan for manufactured housing retailing Read More
Council Members in Osage City, Kansas met and overrode the unanimous decision of their local zoning board about placement of manufactured homes in residential zoned areas. The discussion revolved around concerns by neighbors vs. the law. Bob Fairbanks, City Building Inspector, explained that “Cities were not allowing manufactured homes in …
Council over-rides zoning, Manufactured Homes permitted in residential zoned areas Read More
The Wall Street Journal (WSJ) and HousingWire are among the media sources telling MHProNews that Fannie Mae and Freddie Mac will ease requirements on a variety of mortgage loans. The move is not thought to impact personal property (home only) manufactured home (MH) lending, but would apply to those MH loans …
Relaxed lending standards to go into effect December 1, 2014 Read More
ABC News tells MHProNews that Massachusetts Democratic Senator, Elizabeth Warren is admired by liberal loyalists and doesn’t mind taking on anyone – including President Obama – when she thinks they are wrong. Warren is known as a key supporter – or Mama – of the agency that became the Consumer Financial …
We’re starting another new Sunday Morning Weekly Recap. With your favorite morning beverage in your hand, you’ll see news on Skyline, ELS, DOE and their MH standards, allegations of falsified numbers on new home starts, luxury homes in Michigan MHCs, Louisville Show news and much more. Check out your headlines …
Sunday Morning Recap for week November 23-29, 2014 Read More
MHProNews has learned that on November 25, 2014, the Skyline Corporation entered into an Indemnification Agreement with each of the directors of the Corporation. The Indemnification Agreement requires the Corporation to indemnify these individuals to the fullest extent permitted under Indiana law. According to a PRNewswire release, such agreements are subject to “certain …
Dennis Hill and the Midwest Manufactured Housing Federation (MMHF) have announced two new seminars have been added to the 2015 Louisville Show business building and educational line up. The current plan is for there to be 6 sessions total. In 2014, most sessions were standing room only, so arrangements for …
2015 Louisville Show adds 2 more Free Business Building & Educational Seminars! Read More
While manufactured and modular housing is far from shale oil- and gas-dependent, certainly there are boom markets where shale development created additional demand for workforce and other housing. In the big business of big oil, OPEC nations voted to squeeze U.S. shale oil producers, by seeking to move oil prices …
OPEC votes to seeks to squeeze U.S. Shale, MH Composite Value Slips Read More
Many factors in the broader housing market directly or indirectly impact manufactured and modular housing, pointing to challenges as well as opportunities. Builderonline (BO) says that 2015 could be a turn around year, an “inflection point” for more first time buyers entering the home buying market. BO cited the National …
2015 could be year first time buyers return to housing market Read More
