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.
Google News says stocks have hit an all time high, even as oil continues its recent slide. Lower fuel prices makes it less expensive for manufactured housing to be transported, which is for now a nice point for the MH industry’s producers. MH Communities traded mixed today. Most HUD Code …
Manufactured Housing Composite rises, stocks hit new all time highs Read More
Manufactured housing (MH) retail, community and lending professionals know the Hispanic market has long been a strong and growing target audience for the industry. So when National Mortgage News (NMN) gives their 411 on what the president’s controversial executive action last Thursday might mean for housing lenders, MHProNews listened. NMN‘s …
The Manufactured Housing Institute (MHI) reminded industry professionals that the Department of Housing and Urban Development (HUD) Manufactured Housing Consensus Committee (MHCC) is slated to meet December 2-4 in Arlington, Virginia. In a release to MHProNews, MHI said, “It will be the first in-person meeting since October 2012 and the MHCC …
Manufactured Housing Consensus Committee to hold first meeting in 2 years Read More
The Manufactured Housing Institute (MHI) tells MHProNews that the recently updated National Fire Protection Association (NFPA) report reveals good news for manufactured housing, and should give more peace of mind to manufactured home owners too. As Daily Business News readers and those who monitor local news know, reports often appear …
The Natural Resources Defense Council (NRDC) describes itself as “the nation’s most effective environmental group.” In a recent NRDC Switchboard post, Robin Roy has come out in favor of the “strong consensus agreement reached by the Manufactured Housing Working Group” on new energy efficiency standards. Roy says that manufactured home (MH) …
Natural Resources Defense Council praises “great outlook for manufactured housing” Read More
Do you have your coffee or favorite Sunday morning beverage handy? We hereby start week two of the industry’s first and only Sunday Morning Manufactured Housing Professional’s Daily Business News Weekly Recap. This new feature is in response to reader requests for a quick, easy way to review all …
Sunday Morning Manufactured Housing Daily Business News Weekly Recap 11 16-22 2014 Read More
Seeking Alpha claims millions of followers in the investment world, and they questioned the value of Drew Industries (NYSE:DW) in a report Thursday. By contrast, Citigroup issued an investors note, increased the target price from $51 to $57 a share and rates Drew a Buy. Drew CFO Joseph S. …
Alpha questions Drew, but Citigroup rates stock a Buy Read More
Skyline rose again, communities and suppliers closed mixed and the MH Compositve Value moved lower in trading Friday. Meanwhile, the broader markets climbed in response to a rate cut by China’s central bank and suggestions of emergency action by the European Central Bank. CNNMoney tells MHProNews that, “Both the ECB …
Skyline continues Rise, communities and suppliers mixed, while MHCV slides Read More
Effective in December, Senior Vice President of Government Affairs Jason Boehlert will leave the Manufactured Housing Institute (MHI). Boehlert is scheduled to become the new Executive Director of the National Association of Local Housing Finance Agencies (NALHFA) and National Association for County Community and Economic Development (NACCED). He is the latest …
Cavco Industries, Inc. released earnings data, Property Mentor Group tells MHProNews. Cavco is the number 2 producer of manufactured and other factory built homes in the U.S.. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.61. The company had revenue of $139.30 million …
Property Mentor gives thumbs up on Cavco Industries Read More
Magar E. Magar, owner of Syringa Mobile Home Park in Moscow ID, was ordered by 2nd District Court Judge John Stegner to pay a total penalty of $350 a day until he brings the facility into compliance with pertinent water and wastewater rules, DNews tells MHProNews. This is part of …
Legally challenged MHCommunity owner in contempt, manager may not be Read More
Fannie Mae and Freddie Mac announced Thursday they’ve revised their representation and warranty framework. The move has been made in an effort to reduce concerns among lenders about the risk on buying back loans sold to the two federally backed mortgage finance agencies. Mortgage professionals have said such concerns have been blamed for lenders being …
Fannie Mae and Freddie Mac announcement could lead to more home loans Read More
As was formally disclosed yesterday, the new president and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) will be M. Mark Weiss, JD. Making this announcement in Washington D.C., John Bostick – MHARR Chairman and President of Sunshine Homes – told MHProNews that: “MHARR will not miss a …
Manufactured Housing Communities closed mix, most suppliers to factory built homes rose as did the Manufactured Housing Composite index in today’s trading. Marketwatch pointed to new record market highs, even as they they noted that the man who “called the last stock crash is already blaming the Fed for the …
Manufactured Housing Composite and all 3 major U.S. markets rise Read More
C. J. Prince of Chief Executive magazine online, spoke with Donald P. Grasso, CEO of Rytec High Performance Doors, “about how cronyism affects small businesses.” Since most of manufactured housing is made up of independent, small businesses, the view point of a supplier like Rytec will resonate with many in the factory built …
Crony Capitalism Sidebar – Donald P Grasso, Rytec High Performance Doors Read More
46 year manufactured housing industry veteran, Danny D. Ghorbani, President and Chief Executive Officer of the Manufactured Housing Association for Regulatory Reform (MHARR) will be retiring effective December 31, 2014. In a release anticipated by MHProNews, MHARR stated that Mr. Ghorbani, “A 46-year veteran of the manufactured housing industry who has served …
The Wall Street Scope (WSS) said in a report on 11.19.2014 that UMH Properties Inc., a Real Estate investment Trust (REIT) focused on manufactured housing communities, currently providing a high dividend yield of 7.45% today and a return on investment of 1.40%. WSS tells MHProNews that “UMH Properties Inc. (UMH) …
“I don’t know why Vancouver is so behind the 8-ball on this, despite our affordability challenge,” says Jon Stovell, President of Reliance Properties, a developer in Vancouver. Barbara Yaffe says in the Vancouver Sun that “In 2011, Reliance refurbished the Burns Block on Hastings, transforming it from a vacant single-occupancy …
Developer Fumes over slow Approvals, Manufactured Housing Association jumps in Read More
Colin Wilhelm tells MHProNews that Discover Home Loan’s recent survey of home buyers revealed that 89% used online technology in their shopping and purchase process. This mirrors studies by real estate agents that range from 90-94% of housing shoppers are using online resources. Wilhem, writing in National Mortgage News, …
Survey by Lender reveals Most Home Buyers using Tech Read More
Rick Robinson, general counsel for the Manufactured Housing Institute, tells MHProNews about two bills pending in Michigan, as well as other legislative topics from around the U.S. of general or specific interest to manufactured housing professionals. Robinson says that the Michigan Manufactured Housing Association’s Executive Director, Tim DeWitt “informs us …
