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.
Do you have your coffee, tea or other favorite beverage at hand? Ready to catch up on the headlines from the week just past? We have an East Coast holiday-style heart-warming story, as well as a heart-breaking story from out West. We spotlight a looming threat to MH, and this one […]
Sunday Morning Weekly Recap – Factory Built – Housing News – for 12-7 to 12-13, 2014 Read More
The Motley Fool has been saying for about two years now: ‘Dear China, It’s Over.’ For about the same period, MHProNews has tracked stories on those who look ahead and say the 3D Printing of houses is looming just over the horizon. Now, Home Depot had jumped into the emerging
Home Depot selling 3D Printers – Chinese Printer Builds 10 houses in 1 day Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) provided MHProNews today with a snap-shot of their meeting with Department of Housing and Urban Affairs (HUD) officials. Danny Ghorbani, M. Mark Weiss, two past and the current MHARR Chairman were present representing MHARR to talk to HUD Code Manufactured Housing (MH) Program
HUD and MHARR leaders meet to discuss pending industry issue Read More
Patrick was the sole tracked stock today that bucked the down trend among manufactured housing. The broader markets also suffered. Wasn’t it just yesterday that MarketWatch proclaimed that stocks may have finally won their 100 year battle with big oil? Their new story line for today is that the markets
Patrick bucks MH stock down trend, as oil’s spill slides broader markets lower Read More
Emmett, Idaho based T.J.T. Inc., reported their fourth quarter and 2014 fiscal year results. TJT (OTC Markets: AXLE) is a supplier of axles, tires and installation supplies for the manufactured home industry, says BusinessWire and HearldOnline. Income before taxes was stated as $247,912 on net sales of $6,163,707. Fourth quarter
T.J.T., Inc. Results for Q4 and Fiscal Year 2014 reported Read More
MarketWatch personal finance reporter, Quentin Fottrell, picked up on a theme Daily Business News regulars know. Says Fottrell, “…the average American now spends nearly 30% of their income on rent. U.S. home buyers making the nation’s median income and purchasing the typical U.S. home spend around 15% of their income
Is home owning now twice as affordable as renting? Quentin Fottrell says Yes Read More
“Even on a raw, rainy night, the community once again has come together to show its holiday spirit and tremendous generosity to help those who are less fortunate,” County Administrator Todd F. Lawson said. “So many families in this community will have a brighter holiday thanks to the kindness of
MarketsInsider reports Sun Communities (NYSE:SUI) hit a new 52-week high. CNN Money states that at the closing bell Thursday, the SUI’s stock was at 60.61 +0.57 (0.95%). Google Finance tells MHProNews the following data: Range = 59.78 – 60.80 52 week = 39.53 – 60.80 Open = 60.14 Vol /
Sun Communities hit new 1 year high during Thursday’s trading Read More
Chinese investors have their eyes set on trouble Detroit, Michigan and other American markets, seeing great opportunities for housing investments. According to Financial Fuzz, “Mainland China residents who invest in US property are motivated by a few things; profit potential of underpriced markets, educational opportunities for their children, and international
Golden U.S. Housing Opportunities for Chinese Investors Read More
Only 3 of the manufactured housing connected tracked stocks fell in today’s trading, while all others advanced or held steady. MarketWatch proclaims the markets are finally winning their “100 year battle” with big oil, which dipped below $59 a barrel. As noted in a report yesterday, big oil’s slide is
Most Manufactured Housing connected stocks rise, ditto 3 major U.S. markets Read More
In a year long legal action between the residents of Syringa Mobile Home Park Moscow, Idaho and its owner over clean water, a judge ruled in the residents favor. The Lewiston Tribune tells MHProNews that Latah County 2nd District Judge John R. Stegner ordered Moscow attorney Gregory Rauch to compensate
“Mobile Home Park” Residents Legal Action Continues, drawing favorable rulings Read More
In North Carolina, the North Wilkesboro Board of Commissioners and the Wilkesboro Town Council approved zoning requests that were presented in public hearings this week. Wilkesboro Planning and Community Development Director Andrew Carlton presented a zoning code amendment requiring that Manufactured Home Community (MHC) plans be approved by the Wilkesboro
Josh Ducharme, San Antonio Credit Union (SACU) Mountainside Financial division’s Business Development Executive, tells MHProNews that hundreds of manufactured housing businesses have been or are providing lending to customers using variations of the captive finance concept. This practice now requires increased licensure, explains Ducharme, for individuals and businesses under Dodd-Frank. Businesses
Is Captive Financing a risky lending choice for Manufactured Housing Industry companies? Read More
Amanda Fraser, assistant to Dennis Hill at Show Ways Unlimited, told MHProNews that “At this time last year we had 490 Attendees, and this year we are at 554.” RV MH Hall of Fame inductee, Dennis Hill, confirmed the fact that as of today, pre-registrations for the 2015 Louisville Manufactured
A steady drop in crude pushed by OPEC has been popular for consumers, but not for the oil producers and related companies. Like a domino effect, oil companies around the world have cut back on production, investment and their workforce. The New York Times (NYT) tellsMHProNews that the day
The MHCV closed down, and only Sun Communities rose while other tracked stocks slid or stayed even. The Dow and other exchanges continued their modest retreat. The U.S. markets normally rise in December, but so far this year, that’s not so, says CNN Money. Oil is one factor, and it
SUI sole bright spot; MH Composite down, major exchanges continue slide Read More
While there are those in the manufactured home community side of the industry that abhor the ‘t-word’ or having their properties called ‘a mobile home park,’ on the other end of the spectrum is Frank Rolfe. First, give the man and his associates their due. Their total communities would place
Director Robert Matthew Perry says, “To expect a night of laughs as residents of Armadillo Acres of Stark, Florida’s premier mobile home communities hunker down for the redneck Christmas ahead.” So reports, The Herald News (THN) to MHProNews, about the Little Theatre of Fall River, MA, featuring “The Great American Trailer
Homes.com tells MHProNews that 65% of their site’s visitors are searching for rentals. So it’s no surprise that even with low lending rates, many home buyers are cautious. Jed Kolko, chief economist of real estate website Trulia Inc. said: “Entry-level buyers might not yet surge back into the market. While wages
Mixed signals on housing debated by experts as 2015 approaches Read More
City Attorney William Wynder from Carson City, California has stepped down after 35 years. Along with his wife, they plan to do mission work next. Wynder said: “It has been way harder to leave than I thought it was going to be, I have loved working in this city.
Carson City Attorney’s Mission to Stop MH leads to Mission work for LDS Read More
