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 former property manager of Mobile Manor manufactured home community in North Platte, Nebraska has been sentenced to 90 days in jail for embezzling $18,000, and has been ordered to pay restitution at the rate of $100 a month following her sentence until the debt is paid. Barbara Jo Fox […]
MHC Manager busted for Theft Read More
Following four days of gains, the three major indexes all lost just under one percent after gaining over one percent in yesterday’s (Oct. 21) trading on the Big Board. Dow Jones Industrial Average 16,461.32 -153.49 (-0.92%). Nasdaq 4,382.85 -36.63 (-0.83%). S&P 500 1,927.11 -14.17 (-0.73%). The Yahoo! Finance Manufactured Housing
Most Manufactured Housing Stocks Lose Ground Read More
A 415 square foot customized tiny home now sited in the Bruton Park manufactured home community (MHC) in York County, Virginia may have to move because it has not been approved to meet the federal HUD Code standards for a manufactured home (MH). Karen and Tom Rogers lived with their
Custom Tiny Home does not Meet HUD Code Specs Read More
Moody’s Investor Services, a leading credit-rating agency, tells MHProNews that while the Canadian government has an AAA rating due to its improving finances and its strong regulatory and institutional framework, rising home prices and high consumer debt may pose a risk to the economy. Steven Hess, Moody’s senior vice-president, says,
Canada’s Economy, Housing Strong Despite Rising Debt and Home Prices Read More
Custom home modular producer Innovative Building Systems (IBS) of Mechanicsburg, Pennsylvania is acquiring modular manufacturer Future Home Technology, Inc. of Port Jervis, New York. IBS offers custom modular homes from five facilities stretching from Maine to Iowa under brand names Excel Homes, All American Homes, Modukraf Homes and Keiser Homes.
IBS Modular Acquiring Future Home Technology Read More
The New York Times ‘ recent article on the MH/CFPB issue states that manufactured homes have become a crucial source of affordable housing in the South, West and northern New England, according to the Consumer Financial Protection Bureau’s (CFPB) report last month, with prices of less than half the $94 per square
New York Times on CFPB – Manufactured Homes Crucial to Affordable Housing Read More
According to CNBC, Chicago-based Equity LifeStyle Properties, Inc. (ELS) earned funds from operations (FFO) for Q3 2014 of $63.1 million, $0.69 per share, besting Zacks Investment Research estimate of $0.66 per share. On revenues of $200.6 million, the REIT (real estate investment trust) reported net income of $25.7 million, or
Equity LifeStyle Properties Bests Zacks Prediction Read More
All tracked MH stocks gained or remained unchanged in today’s trading, as solid earnings reports from major firms extinguished much of the pain of October’s stock slide, with the Nasdaq moving up 2.40 percent, followed by solid rises in the Dow and S&P. Dow 16,614.81 +215.14 (+1.31%). Nasdaq 4,419.48 +103.41
Nasdaq Advances 2.40 percent; No Manufactured Housing Stocks Fall Read More
In September, marking the third time this year, total housing starts hit the far side of the million mark, advancing 6.3 percent to a seasonally annual adjusted rate (SAAR) of 1.017 million, according to numbers released by the Census Bureau and the U. S. Dept. of Housing and Urban Development
Overall Housing Starts hit the Million Mark again Read More
Students at Green Mountain College in Vermont, guided by Professor Lucas Brown, began working on tiny homes several years ago and have now developed OTIS—Optimal Traveling Independent Space—70 square feet of modular living space, easily suitable for one, that fits on a 5′ X 8′ utility trailer and can be
Off Grid Tiny Modular Home Transports Readily Read More
Elkhart, Indiana-based Patrick Industries, Inc. will release its third quarter 2014 financials prior to the opening of the market on Thurs., Oct. 30, followed by a conference call at 10 AM eastern time that same morning. The call will be hosted by president and CEO Todd Cleveland and CFO Andy
Patrick Industries to Disclose Q3 Financial Report Read More
Calling mortgage loan fraud virtually a cottage industry during the housing feeding frenzy that lead to the Great Recession, that practice did not end with the sudden creation of the Consumer Financial Protection Bureau (CFPB), Pat Dalrymple tells MHProNews. Big money on the table can draw a conspiracy of mortgage
The CFPB did not Extinguish Loan Fraud Read More
A $10 million contract will be shared by several Florida colleges to provide training and education for the manufactured and modular housing industries, according to a report to MHProNews from sfcollege.edu. In a partnership with Santa Fe College, Polk and Seminole State Colleges, Miami Dade College Kendall Campus will serve
Funding offered in Florida to train Potential MH Construction Workers Read More
Although the Ebola crisis is tamping down the stock market, while the Dow slipped, the Nasdaq and S&P 500 managed gains, as calm has seemingly returned to the recently volatile Big Board. Dow 16,348.91 -31.5 (-0.19%). Nasdaq 4,316.07 +57.63 (+1.35%). S&P 500 1,894.52 +7.76 (+0.41%). The Yahoo! Finance Manufactured
Tracked MH Stocks rebound, Gain or Remain Even Read More
Operating its manufactured home retail centers through Wisdom Homes of America, Inc., SearchCore touts that Merriman Capital, Inc. issued a research report update on their company. OTCmarkets tells MHProNews that Merriman maintained their speculative buy rating on SearchCore with a target price of $0.30 based on the company’s sales and
SearchCore gets Thumbs Up from Merriman Read More
Iowa Code 648-18 peaceable possession law can lead to the loss of ability to evict a resident from your manufactured home property if not done quickly enough, according to what the Iowa Manufactured Housing Association (IMHA) tells MHProNews. If a landlord allows a resident to remain in/on rented property for
The Department of Housing and Urban Development (HUD) expressed concern to the manufactured housing industry that some on-site attached garages may violate compliance with the federal construction standards and regulations if completed when the home is finished. The Oklahoma Industry Insight from the Manufactured Housing Association of Oklahoma (MHAO) tells MHProNews
On-site Attached Garages Raises HUD Flag Read More
The number 1 source for visitors, per Webalizer, on the new Manufactured Home Living News are from the U.S.. That should be obvious, but what makes up the next 10? The pace of traffic on the site is accelerating. With over a million visits – and millions more ‘hits’ (or
Top Ten for Manufactured Home Living News Read More
Under a program administered by the Warren Public Housing Authority in Arkansas, manufactured homeowners who meet income guidelines can upgrade their homes with assistance from the Arkansas Development Finance Authority, as salineriverchronicle.blogspot.com informs MHProNews. A family in the Banks, AR area recently received a new, handicapped accessible manufactured home with
Arkansas Program Replaces MH at One Percent Interest Read More
The Dow Jones Industrial Average, in its second best day of the year, rose 263 points as traders greeted positive results from General Electric, Morgan Stanley and Honeywell, plus European stocks rallied. Additionally, there is a possibility the Federal Reserve may extend the quantitative easing, which further encouraged investors. Dow:
Liberty Homes Skyrockets, LPX and Nobility Gain Notably Read More
