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.
The markets continued to advance overall in the wake of the mid-term election results. Marketwatch says “Main Street” is unhappy with the Fed, which should be more focused on getting more people back to work rather than propping corporate profits up. MHCommunities tended to slide today, while Skyline was a …
5th Straight record on Dow, Skyline up 2.5%, but MH Composite value slips Read More
Realtors ® are being urged to educate buyers about online valuation methods. DigitalJournal says panelists at the 2014 Realtors ® Conference & Expo discussed the challenges of helping buyers and sellers understand the difference between actual appraisals and automated valuation models (AVMs), found on popular Zillow or elsewhere. John Anderson with Twin …
Realtors urged to educate Consumers about Online Valuation models Read More
Wikipedia says that “Veterans Day is an official United States holiday that honors people who have served in the U.S. Armed Forces, also known as veterans. It is a federal holiday that is observed on November 11. It coincides with other holidays such as Armistice Day and Remembrance Day, which …
Veteran Day’s 2014 – Honoring Vets & Offering Manufactured Homes-VA loans to Veterans Read More
Sean M. Healey, Chairman and Chief Executive Officer of Affiliated Managers Group, Inc. (NYSE:AMG), is expected to speak at the Bank of America Merrill Lynch 2014 Banking and Financial Services Conference in New York on Wednesday, November 12, 2014 at 4:50 p.m. Eastern time. StreetNewsWire says Mr. Healey will be …
AMG’s Sean M Healey to speak to Bank of America/Merrill Lynch conference Read More
Just days after the mid-term elections that swept Republicans to record levels in the House and gave them control of the U.S. Senate, a video has surfaced featuring Affordable Care Act (aka ObamaCare) “architect,” Jonathan Gruber. In the video, Gruber candidly tells those in the room he was speaking in …
ObamaCare Architect Jonathan Gruber – Lack of Transparency needed to pass ACA Read More
SearchCore subsidiary Wisdom Homes announced an expansion in marketing to better engage the baby boomers. Jim Pakulis, CEO Of Wisdom Homes Of America, said, “High retiree numbers create a higher demand for alternative housing in areas such as Texas. Cash-rich boomers are purchasing more second homes and empty-nesters-those whose children …
NASDAQ says SearchCore’s Wisdom Homes providing alternative for Boomers Read More
Real Estate Investment Trust, UMH Properties (NYSE:UMH) Chairman Eugene W. Landy acquired 5,000 shares of UMH Properties stock in a transaction that occurred on Friday, November 7th. WKRB13 tells MHProNews that Landy purchased the stock at an average cost of $9.89 per share, for a total transaction of $49,450.00. The …
Eugene W. Landy Acquires 5000 more shares of UMH stock Read More
U.S. stocks finished a thinly-traded day with POTUS Obama angering some, pleasing others with a call for net neutrality. Marketwatch tells MHProNews that commodities – gold and oil dropped – while modest gains set record levels for the fourth straight session. Randy Frederick, Managing Director of Trading and Derivatives at the …
New Market Highs, Commodities slide, Manufactured Housing Composite Rise Read More
JDSupra reports that in Bennett v. CMH Homes, Inc., No, 13-5423, — F.3d — (6th Cir. Oct. 30, 2014), the Sixth Circuit ruled that a manufactured home is not a “consumer product” under the federal Magnusen-Moss Warranty Act. In a ruling covered as featured article in the November issue of MHProNews, …
Darryl Searer, chairman and president of the RV/MH Hall of Fame tells MHProNews he’s encouraged by early support of the “Kevin Clayton Debt Elimination Challenge” fund raising campaign. The money being raised and/or pledged is to eliminate remain debts on the Hall. Searer said, “Our goal is to raise $1 …
Willmar, Minnesota’s City Council, following a preliminary okay for tax abatement for the owner of Regency East Mobile Home Park. The hearing is set for December 1. Passage would mean $2500 a year in abatement for the next 10 years, as an offset for negative cash flow during the planned …
“Real estate has traditionally been slow to change but interviewees hope and expect significant innovation in the industry – particularly related to putting value on service as much as the physical product.” So says part of a new study released by CBRE and China-based Genesis, a property developer entitled …
Syndicated columnist George Will – as published in the Chicago Tribune – outlined a 6 point agenda recommended to Republicans who will control both the House and the U.S. Senate in 2015 as a result of the midterm elections. First up, says Will? One that would be popular with many …
Marketwatch tells MHProNews of word that elements of ObamaCare (ACA) heading back to the U.S. Supreme Court sent health care stocks into a slide; but the markets overall rose and the Dow closed with a new high. Berkshire Hathaway is one to watch, with a move into the auto market …
ACA heading back to the Supremes, keeps markets more muted at closing bell Read More
A Patrick Industries (NASDAQ:PATK) major shareholder, Jeffrey L. Et Al Gendell, sold 5,869 shares on Wednesday, November 5th. The sales was reported in a legal filing with the Securities & Exchange Commission, as found on this link, and was for an average price of $43.99, for a total transaction of …
Insider Trading of MH stock reported, profit taking from current bull run or…? Read More
With prefab homes gaining popularity in Europe, a pair of German university researchers came to the U.S. to study manufactured housing. Christopher Hellmann and Maximilian Offizier, who are production researchers at Technische Universitat Munchen (Technical University of Munich), toured the Clayton Appalachia Home Building Facility in Andersonville, Tenn., PR Web …
German University pre-fab housing researchers tour U.S. manufactured home facility Read More
In Volume vs. Quality, as Affordable Housing Plan Evolves, posted under “admin” for Chelsea Now (CN) looks at Mayor Bill de Blasio’s “Housing New York: A Five-Borough, Ten-Year Plan” to build or preserve 200,000 affordable apartments in New York City. The article brings into focus a number of fascinating points …
Let’s Talk discussion around New York’s Affordable Housing Read More
The owner of the Syringa Mobile Home Park in Moscow, Idaho is intending to close the property, following a nearly yearlong legal battle over the park’s water systems, Lewiston Morning Tribune tells MHProNews. Latah County 2nd District Judge John R. Stegner told Moscow attorney Gregory Rauch Wednesday that if his …
Effective immediately, manufactured homes will be eligible for CalHFA FHA first mortgages, including CalPLUS FHA first mortgages, California Manufactured Housing Institute (CMHI) tells MHProNews. Eligible manufactured homes must meet all FHA and US Bank guidelines, including requirements for a permanent foundation. The borrower’s minimum credit score must be 660 or …
CalHFA FHA First Mortgages will accept Manufactured Homes Read More
Marketwatch tells MHProNews that investor sentiment is ‘unusually high.’ Indeed, the post election bounce to the market continued today, with all three of the tracked indexes rising. Most manufactured home community stocks slid today, as did the MHCV. Dow 17,554.47 +69.94 +0.40%. Nasdaq 4,638.47 +17.75 +0.38%. S&P 500 2,031.21 +7.64 …
