Manufactured and Modular Housing News

Manufactured Housing Composite Value and Dow continue Decline Read More

Manufactured Housing Composite Value and Dow continue Decline

By Sandra Lane / January 15, 2015 / Manufactured and Modular Housing News

Overall, MHCValue went down 5.55%. Among our tracked MH connected stocks the exception was KMP, which experienced a .28% increase. Marketwatch tells MHProNews that crude-oil futures settled sharply lower Thursday, erasing a surge higher that followed the Swiss National Bank’s decision to scrap a cap on its currency, as the

Skyline Homes Reports a Profit in Fiscal Second Quarter 2015 Read More

Skyline Homes Reports a Profit in Fiscal Second Quarter 2015

By Sandra Lane / January 15, 2015 / Manufactured and Modular Housing News

Skyline Homes, Inc. (SKY), Elkhart, Indiana, reports a 27% increase in their net sales in the second quarter of fiscal 2015. This represents net sales from continuing operations of $49,667,000, compared to net sales of $39,208,000 from continuing operations in the year ago quarter. During the second quarter, Skyline completed the sale of

Wells Fargo – A Whole New Ball Game for Housing in 2015 Read More

Wells Fargo – A Whole New Ball Game for Housing in 2015

By Sandra Lane / January 15, 2015 / Manufactured and Modular Housing News

There is some good news on the horizon for the housing industry as many experts and economists expect an expanding market for 2015. Most housing analysts are predicting substantial growth in housing activity in 2015 — much more than has been experienced during the past year. The Daily Journal tells MHProNews that

MH Retailers, Community Owners, Operators and Management make plans for next week’s Louisville Show Read More

MH Retailers, Community Owners, Operators and Management make plans for next week’s Louisville Show

By MHProNews / January 15, 2015 / Manufactured and Modular Housing News

Manufactured Home Community (MHC) owner, Hall of Famer and MMHF Chairman Ron Thomas Sr. says there is a hunger in the ranks of MHPros for knowledge. Over two thousand attendees of the Louisville Manufactured Housing Show in 2014 must agree. The pre-registrations for the 2015 Show are running ahead of

MHARR To Consider HUD Limitations on Multi-Family Manufactured Housing Read More

MHARR To Consider HUD Limitations on Multi-Family Manufactured Housing

By Sandra Lane / January 15, 2015 / Manufactured and Modular Housing News

The Manufactured Housing Association for Regulatory Reform (MHARR) announced that on February 11, the MHCC General Subcommittee will conduct a conference call meeting to follow-up on decisions made by the full MHCC last December to address “multi-family aspects of manufactured housing.” This comes in response to a guidance memorandum issued by

West Wind Estates residents purchase their community Read More

West Wind Estates residents purchase their community

By Sandra Lane / January 14, 2015 / Manufactured and Modular Housing News

It was a good Christmas for residents of West Wind Estates in Rochester, New Hampshire, because on Christmas Eve they closed on the purchase of their 129-space community. This became New Hampshire’s 111th resident-owned manufactured home community and Rochester’s ninth. That’s an impressive number of resident-owned communities for such a

Manufactured Housing Composite Value and DOW both dip again Read More

Manufactured Housing Composite Value and DOW both dip again

By Sandra Lane / January 14, 2015 / Manufactured and Modular Housing News

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

Clayton Homes’ Parent Company, Berkshire Hathaway, Touted As Good Investment Read More

Clayton Homes’ Parent Company, Berkshire Hathaway, Touted As Good Investment

By Sandra Lane / January 14, 2015 / Manufactured and Modular Housing News

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

Shale Drilling Slowdown Predicted Read More

Shale Drilling Slowdown Predicted

By Sandra Lane / January 14, 2015 / Manufactured and Modular Housing News

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

Manufactured Housing Stocks and DOW Both Decline Today Read More

Manufactured Housing Stocks and DOW Both Decline Today

By Sandra Lane / January 13, 2015 / Manufactured and Modular Housing News

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

SearchCore – Wisdom Homes Announce Results Read More

SearchCore – Wisdom Homes Announce Results

By Sandra Lane / January 13, 2015 / Manufactured and Modular Housing News

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

The 2016 Presidential Race heats up early Read More

The 2016 Presidential Race heats up early

By Sandra Lane / January 13, 2015 / Manufactured and Modular Housing News

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 “Official” Unemployment Rate vs. The Real Unemployment Rate Read More

The “Official” Unemployment Rate vs. The Real Unemployment Rate

By Sandra Lane / January 13, 2015 / Manufactured and Modular Housing News

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