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.
Most of the tracked manufactured housing connected stocks experienced a slight loss. ELS, DW and LPX went up slightly. On the Dow, a late-afternoon rally, triggered by a rebound in beaten-down oil prices, was not enough to lift U.S. stocks out of negative territory on Wednesday. The key benchmarks closed […]
Manufactured Housing Composite Value and DOW both dip again Read More
When looking for wise investments, manufactured housing stocks and funds that include MH companies are at times a good choice. Seeking Alpha tells MHProNews that Clayton Homes’ parent company, Berkshire Hathaway, is still 14% undervalued relative to its fair intrinsic value and that the fund generates solid profit growth. Berkshire’s
Clayton Homes’ Parent Company, Berkshire Hathaway, Touted As Good Investment Read More
Given the positive impact of shale production on new manufactured housing, modular and workforce housing shipments, MHProNews has been tracking for some time expert commentary on the topic. As oil’s long slide continued, the U.S. Energy Department predicted that production from U.S. shale operators will begin to decline in the
Shale Drilling Slowdown Predicted Read More
In the manufactured housing market, nearly all stocks declined, with the MHCV going down 2.15%. Skyline was the exception and its stock went up 3.08%. USA Today tells MHProNews the Dow ended a bit in the red Tuesday after a wild, 400-point swing, indicating just how volatile the stock market
Manufactured Housing Stocks and DOW Both Decline Today Read More
SearchCore, Inc. (OTCQB: SRER), a manufactured housing retail center owner and operator with retail centers through its wholly owned subsidiary, Wisdom Homes Of America, Inc., announced a year-end business update for the 2014 fiscal year. GlobeNewswire tells MHProNews that the publicly-traded company’s accomplishments in 2014 include: Opening four new Manufactured
SearchCore – Wisdom Homes Announce Results Read More
Although the 2016 election will not occur until November of that year, the race is already heating up. Candidates are coming out of the woodwork and jockeying for their position in the race. Which ones would benefit the manufactured housing industry the most? Below are some possible candidates: Republicans Jeb
The 2016 Presidential Race heats up early Read More
Manufactured housing pros often hear about the ties between selling homes and a robust job market. According to the U.S. Bureau of Labor Statistics, employers added 252,000 jobs in December and the unemployment rate dropped to 5.6 percent. They also say that last year saw total gains of 2.95 million
The “Official” Unemployment Rate vs. The Real Unemployment Rate Read More
Although modular construction is not new, it’s only been in recent years that a fascination and appreciation for modular has increasingly hit the mainstream. After World War II, the low cost and high efficiency of prefab construction appealed to architects who were building schools, hospitals, and government buildings. Today’s building professionals are
Cracking the Code – Modular Skyscraper 32 Floors of snap-together Prefab units Read More
In the manufactured housing market, SUI and SKY were the leaders today. Marketwatch advises that the market ended Monday’s session with losses for the second straight trading day, as a renewed sell-off in oil once again influenced investor confidence. Energy, technology and financials, which collectively comprise nearly half of the
Dow drops slightly as MHCV stock goes up 2.21 percent Read More
T.R. Arnold & Associates (TRA) of Elkhart, Indiana, announced that they have received accreditation from the Standards Council of Canada, enabling them to provide all manufacturers of RVs, park models, and manufactured/modular structures with shipping to Canada. “We are very pleased to be able to provide this service to our
T.R. Arnold & Associates Receive Canadian Accreditation Read More
Sun Communities, Inc. (NYSE: SUI) announced on January 6, 2014 has closed the final portion of its previously-announced acquisition of 26 manufactured housing communities from Green Courte Partners, LLC (“GCP”). Globenewswire tells MHProNews that the acquisition of the 26 communities included the associated manufactured homes and notes receivable for an aggregate
Sun Communities Acquire Additional 26 Properties from Green Courte Partners Read More
The new super energy-efficient manufactured homes being designed to withstand Vermont’s severe winters, previously reported at the link here, have a higher price tag than other manufactured homes. Some think there may be problems in obtaining financing for these new 21st century factory-crafted homes. Ethan de Seife, writing in Seven Days,
Locating Financing for 21st Century Manufactured Homes May Be Difficult Read More
A fire at one of Skyline Homes’ manufacturing plants in Upper Leacock Township, near Lancaster, Pennsylvania, on Thursday evening (Jan. 8) destroyed three homes that were under construction. Fire officials determined that the cause of the fire was likely a malfunctioning electric fan used to remove moisture from drywall. Lancaster Online
Fire at Skyline Homes Factory Will Not Slow Down Production Read More
MHProNews has confirmed that attorney Bill Matchneer, previously with HUD and the CFPB, will be addressing the attendees of the Louisville Manufactured Housing Show. So too will Richard “Dick” Jennison, MHI’s current President and CEO. MH community and street retail Hall of Famer, Ron Thomas, Sr. – who is also
Bill Matchneer, Dick Jennison and Ron Thomas Sr. to address Louisville Show attendees Read More
The first full week of January started off a bang, and the news that touches the manufactured housing world is found in all of its headline glory in the daily recaps that follow. Your previous weekly recap for Sunday January 4th, is found linked here. In the headlines that follow,
Sunday Morning Weekly Recap – January 4, 2014, to January 10, 2014 Read More
The recent unveiling of a 21st Century super-energy saving manufactured home has the power to change old realities. According to the Vermont Energy Investment Corporation, owners of older energy-inefficient mobile homes built before June 15, 1976 spend 66 percent more of their income on energy than owners of stick-built homes
Redesigned 21st Century Manufactured Homes Maximize Energy Savings Read More
In a move designed to bring more first-time homebuyers into the housing market, President Barack Obama said Wednesday the Federal Housing Administration (FHA) will lower its annual insurance premiums from 1.35 percent to 0.85 percent. CNBC tells MHProNews that for the typical FHA applicant, the reduction in premiums means a savings
President Obama and Julian Castro tout lower FHA premium Read More
The biggest gainer among tracked stocks for today was UFPI. MHCommunities related stocks and other sectors closed mixed. Marketwatch tells MHProNews that jitters over terrorism may have shaken investors after yesterday’s gains. At the closing bell, here is the story the numbers tell… Dow 17,737.37 -170.50 -0.95%. Nasdaq 4,704.07
Communities mixed, MHCV slips, Shakin’ Paris Shakes the Markets, Majors drop Read More
A manufactured home community in North Adams, Massachusetts, has experienced some roadblocks in trying to raise their own site rent $40 per month in order to make needed improvements. Wheel Estates was purchased by the tenants in 2013, with the help of ROC USA, as was reported here in the
Authorities Prevent Residents’ Association From Raising Their Own Site Rent Read More
The Wall Street Scope tells MHProNews that it has its analytical eye on Equity Lifestyle Properties (NYSE: ELS). ELS closed yesterday at 54.94 +0.31 (0.57%). Scope’s report yesterday said that even during the prior week of sliding stocks, ELS has done well, citing the following facts: Equity LifeStyle Properties, Inc. (ELS)
Wall Street Scopes out ELS’ strong performance this week Read More
