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.
American Banking News tells MHProNews that the Carlyle Group (NYSE:CG) released its earnings data on Wednesday, February 11th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenues of $649.00 million for the quarter compared to the consensus estimate of […]
Carlyle Group Beats Earnings Estimates Read More
Welcome to the Sunday Morning Recap! We hope you will enjoy reading about the latest in the manufactured housing industry. There are some interesting articles regarding the sale of some manufactured housing communities and reopening of a manufactured housing plant that will provide 150 jobs. There are bills pending in state
Sunday Morning Recap – February 8, 2015, to February 13, 2015 Read More
MHCV values went down. Most of the manufactured housing stocks we track went down. Exception was LPX- up 2.47%. Reuters tells MHProNews that although stocks have reached near to a five-month high, Greek talks keep the markets edgy. Global shares hit their highest since September. Marketwatch says that although
Dow Goes Up 0.26%; MHCV Values Go Down 2.38% Read More
Moving is always hard to do, particularly when you’ve lived in one place a long time. Residents of Nick’s Trailer Park on El Camino Real in Sunnyvale, California, are no exception. Fortunately, the relocation firm Autotemp Services has been retained by the City of Sunnyvale to help residents find another
Residents of Closing Manufactured Home Park Receiving Relocation Help Read More
On Saturday, February 14, Factory Expo Home Centers, the nation’s largest factory located manufactured home retailer, will hold the grand opening of their newest home Sales Center at 77 Horseshoe Rd. in Leola, Pennsylvania. Offering a wide selection of custom-built mobile homes, manufactured homes, and park model homes, home buyers visiting the
Factory Expo Home Centers Celebrate Opening of New Sales Center in Pennsylvania Read More
A Black River Falls, Wisconsin, man had just awakened from a nap and stepped into his bathroom when a big semi-trailer-tractor truck crashed through the bedroom wall of his manufactured home. WEAU-TV, Eau Claire, Wisconsin,tells MHProNews that Black River Falls Fire Chief Steve Schreiber, said the semi driver was driving east
Wisconsin Resident’s Manufactured Home Destroyed by Semi-Truck Crash Read More
This story is proof of the old adage that the three most important things to remember about purchasing real estate is location, location and location. The New York Post tells MHProNews that Richard Lester purchased a one-third acre lot in the Hamptons on New York’s Long Island for just $300 in
Fisherman’s Biggest Catch is Property He Purchased in 1956 Read More
One of the most historic waterfront manufactured home communities in Manatee County, Florida, recently sold to a Scottsdale, Arizona, investor. On January 23, Charles Ellis bought Two Rivers Mobile Home Park through his company Paradise Communities for $6.3 million. The previous owner, Two Rivers, Inc., of Sarasota, bought the community for
Bradenton Manufactured Home Community Sells for $6.3M Read More
MHProNews is by the standards of a typical website massive and growing daily. As we announced last year, we will be phasing in upgrades to software and to our content management systems. There are still some ‘road bumps’ to be smoothed over. Please pardon our cyber dust, as those issues
Upgrades in Process! Read More
A city program designed to help residential and commercial property owners update older homes and storefronts in Waseca, Minnesota, has been revamped to provide an even greater level of funding. The Waseca County News tells MHProNews that the Small Cities Development Program, which looks to increase property values in each
Improvements for Manufactured Homes Included in Minnesota Aid Program Read More
MHCV values went up 3.40%. Most of the manufactured housing stocks we track went up. Leaders were: NOBH 4.71%, CVCO 3.64%, and ELS 2.41%. CBS Moneywatch tells MHProNews that U.S. stocks climbed up close to record levels on Thursday as technology, materials and energy companies all realized big gains. The
U.S. Stocks Approach New Record; MHCV Values Go Up Read More
A lot of the stories in today’s news concerns all the various people who might be running for U.S. President next year. Among those is one candidate who says she is definitely not running. Nevertheless, the Washington Examiner tells MHProNews that recent election polls from Iowa and New Hampshire show that
Who Will Be the Democratic Candidate for President in 2016? Read More
On Wednesday, February 11, HUD Secretary Julian Castro testified before the House Committee on Financial Services concerning FHA’s effort to expand access to credit to credit-worthy families. He began his presentation with some positive statements concerning the economy, saying that “2014 was the best year for job growth since the
HUD Secretary Julian Castro Speaks to Congress About Recent FHA Actions Read More
Universal Forest Products announced this week that Brian Walker, CEO of Herman Miller, Inc., is joining the UFPI Board of Directors. Walker will occupy a tenth seat on the board of the publicly-traded Grand Rapids, Michigan, holding company. UFPI, which had annual sales of $2.5 billion in fiscal 2013, provides
Brian Walker Joins Universal Forest Products Board Read More
On January 29, the CFPB proposed raising the threshold for small and rural lenders. This action will allow more institutions to make qualified mortgage loans without having to meet certain requirements required of larger lenders. At a town hall meeting organized by the National Credit Union Administration on Tuesday, February 10, Consumer
CFPB Director Cordray Explains Changes to QM Rules and How He Obtained a Black Eye Read More
MHProNews has learned from the Iowa Manufactured Housing Association that SSB1170 has been introduced in the Iowa State Senate to allow the establishment of First Time Homebuyer Savings Accounts. This would allow single or married persons to open a savings account in the interest of making a down payment on
Iowa Senate Bill Seeks to Help First-time Homebuyers Read More
MHCV values went down 3.57%. There also were losses in the manufactured housing stocks we track. Exceptions: CG went up 2.14% and SKY went up 0.82%. Marketwatch tells MHProNews that U.S. stocks drifted between gains and losses Wednesday as investors kept an eye on negotiations between Greece and its international creditors.
U.S. Stocks Flat in Choppy Trade; MHCV Values Dip Again Read More
The bill styled Preserving Access to Manufactured Housing Act 2015 (HR 650) was introduced by Rep. Stephen L. Fincher, (R-TN) on February 2, 2015. Since then, support for the bill has been building. At the bill’s introduction, Congressman Fincher said: “Mr. Speaker, I rise today to discuss my bill, the
The Alabama Manufactured Housing Association has announced that Clayton Homes of Northport, Alabama, is the winner of the Association’s 2014 Best Retail Sales Center Award. The Clayton dealership in Northport was chosen from entries submitted by manufactured home sales centers throughout Alabama. This award was created to recognize retailers who display
Clayton Homes Dealership Named 2014 Best Retail Sales Center in Alabama Read More
It’s always sad to leave a home you’ve loved and put your money and efforts into. That’s the dilemma facing residents of the Burton Avenue Mobile Home Park in Barrie, Ontario, Canada. Many of the 200 residents who lived at the community were notified in July 2013 that the site
