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.
CNN Money touts that “China loves Capitalism,” even as the U.S. economic policy seems to be moving ever more towards socialism. CNBC tells MHProNews that this is the third decline in U.S. stocks, with Ebola and global economic fears named among the drivers for investors. Dow 16,321.07 -223.03 -1.35%. Nasdaq […]
Stocks Slide Continues on Ebola, global economic concerns Read More
Mammoth Lakes Housing (MLH) has just received a grant from the California Department of Housing to assist with mortgage and the rehabilitation of manufactured housing. The private non-for-profit proudly announced the news and plans to use the $1 million for the purchage and the rehabilitation of pre-HUD Code mobile homes as
Non-Profit Mammoth Receives $1 Million Grant Read More
Manufactured housing’s historic producer, Skyline Corporation, closed a deal made with Evergreen Recreational Vehicles, LLC on Oct. 7. The Real Property Purchase Agreement transferred Skyline’s RV business segment at an approximate cash price of $981,000. The sale executed a few days ago includes the RV manufacturing facility located in Bristol, Indiana.
Historic Manufactured Housing producer Skyline Corporation Making Moves Read More
12 analysts gave the asset management company, The Carlyle Group, a consensus ‘Buy’ rating for it stock, the Ticker Report advised MHProNews. Analysts recently changing their rating on shares of The Carlyle Group from an “under perfom” to a “neutral” has brought the price target on the stock at a
New Consensus Recommendation for The Carlyle Group Read More
On Feb 2, 2011, the Consumer Financial Protection Bureau (CFPB) uploaded the video below to showcase their message and mission to the American public. At 2:40 PM on 10.10.2014, 33,119 views of the video had reportedly occurred, with 77 thumbs up and 7 thumbs down. Actor-Director Ron Howard was used
Ron Howard on CFPB’s Promotional Video – Your Tax Dollars at Work Read More
As midterms elections approach, the Mortgage Banker Association (MBA) is seizing the lobbying opportunity to fund Congressional campaigns; hoping to open more discussions to gain relief from the Consumer Financial Protection Bureau (CFPB) regulations currently in place in the U.S.. National Mortgage News told MHProNews that Dave Stevens, president and
MBA’s Lobbying seeks to ease CFPB’s Mortgage Regulations Read More
For those who don’t recall Sam Zell’s comments on the high cost of cheap money and current economic policies, part of his expected day of reckoning may be here. Stock commentators say this correction is a good thing, as CNNMoney tells MHProNews that the last one like this was in
Oil and Stocks Slip Slide, MH Stocks dip too Read More
Wholly owned SearchCore Inc. subsidiary Wisdom Homes announced sales of $351,500 generated by the sale of manufactured homes in Q3 2014. “This was a milestone quarter for the Company because it was our first quarter having our Tyler, Texas retail center fully operational. Inventory arrived in early August allowing us
SearchCore’s Wisdom Homes of America announces Q3 2014 sales Read More
Congressmen Marlin Stutzman (R-3 IN) and Jackie Walorski (R-2nd IN) announced Thursday October 9th legislation they’ve introduced legislation aimed preventing recreational vehicles from being regulated as manufactured housing. Brian Francisco at the Fort Wayne Journal Gazette tells MHProNews that the RV industry is seeking to avoid “restrictive taxing, zoning and
Florida Manufactured Housing Association (FMHA) President Cyndi King introduced the federal Housing and Urban Development (HUD) Manufactured Housing Program director – Pam Beck Danner, JD – to the FMHA’s packed 2014 annual meeting in Orlando on 10.8.2014. Danner described the busy 6 months she’s had at HUD, which included no
HUD’s Pam Danner draws robust welcome during address at FMHA annual event Read More
Parkbridge Capital Group, LLC manager Lee Meekcoms, whose name is already well established in the real estate industry, led the closing of a $12,000,000 transaction between a private investor from Florida and Paradise Park in the McAllen-Pharr area of the Rio Grande Valley of Texas. Clearwater FL based Parkbridge specializes
12 Million MH Community deal in Rio Grande Valley Read More
Global News tells MHProNews how her tiny house has changed Lydia Holden’s way of life. With just a little over 100 square feet to live in, the 24 year-old has found an affordable way to become a home-owner. Lydia paid “only” $30,000 for her 136 square foot home. The tiny
Canadians Mini-Dwellings – Video Report – on north-of-the-border Tiny House Movement Read More
Hazmat suit stocks are rising fast on Ebola fears, but the Dow took its biggest dive of 2014, CNN Money tells MHProNews. China and Vietnam are reportedly more optimistic than the U.S., as economic and political concerns mingled with frets over the Fed reportedly moved investors into the nose dive.
Hazmat stocks Spike on Ebola fears as Dow Plunges 335 Read More
In a move that should be monitored by Manufactured Housing (MH) Industry professionals; the Consumer Financial Protection Bureau (CFPB) has published in the Federal Register a proposed rule that could go into effect before the end of 2014, Jim Henry at Automotive News (AN) tells MHProNews. “The cost of compliance
CFPB Plans Regulations of Auto Lenders, Leasing Contracts too Read More
Jon Talton at the Seattle Times shares his take on the housing affordability challenge with MHProNews that could be summed up with this quote: “In other words, housing is less affordable because most American workers are making less.” Talton notes that some areas on the West Coast have “crazy high
Times’ Talton tells housing affordability woes with two tables Read More
Following a story MHProNews covered Sept. 29, 2014 regarding Cavco Industries’ attempt to acquire Skyline Corp. by offering to buy all of Skyline’s outstanding shares at a premium, Cavco has reaffirmed its requests to open a dialogue with the special committee the target company set up to improve the bottom
Cavco Presses Skyline for a Response Read More
In England, The Hyde Group is calling on lenders to support the growing move towards modular construction techniques and grant mortgages on the same level as is done with traditionally built homes. Hyde hosted a think tank to discuss ways to speed up housing construction in London and south east
Think Tank Builders Call for Modular Methods to Address Housing Shortage Read More
Southfield, Michigan-based Sun Communities, Inc. (SUI) will release its Q3 2014 financial results on Thursday, Oct. 30, 2014 prior to the opening of the market followed by a conference call set for later that same morning, at 11:00 AM EDT, according to marketwatch.com. The conference call will be available live
Sun to Release Third Quarter Financials Read More
In the best day of the year, the Dow Jones Industrial Average regained almost to the number the amount it lost in yesterday’s trading, advancing +274.83 points, +1.64 percent (yesterday’s loss was -1.60%), to close at 16,994.22, while the Nasdaq gained more than it lost yesterday, moving up +83.39 percent,
Dow Gains 274 points; Liberty Homes Plunges 33 Percent Read More
Manufactured housing builder Clayton Homes of Maryville, Tennessee has developed an interactive tool that outlines the construction process of their homes, providing informative photos of the construction methods from top to bottom, including all the steps and the variety of materials and band name products that go into each home.
Clayton Homes Rolls Out Video of Construction Process Read More
