The National Association of Realtors (NAR) reports its pending home sales index of existing homes rose 3.5 percent in Feb., to 109.1, the highest level in seven months, as cnbc tells MHProNews. With Jan.’s rate revised to indicate a three percent decline, lower than initially perceived, the fluctuating numbers make …
As losangelesmirror informs MHProNews, Patrick Industries, Inc. (NASDAQ:PATK) now comprises 3.75 percent of Rk Capital’s Management portfolio by virtue of Rk having acquired an additional 214,484 shares of stock. The fund owns 458,277 shares valued at $20.9 million as of last quarter’s end. Headquartered in Elkhart, Indiana, Patrick is a …
Hedge Funds Busy Trading MH Component Supplier Patrick Ind. Read More
The Vantage Glen manufactured home community (MHC) in Renton, Washington is celebrating its 30th anniversary this month, as rentonreporter tells MHProNews, with some of the original residents in attendance. Developed and still managed by the King County Housing Authority (KCHA), at the time the award-winning 164-home site MHC was considered …
Manufactured Home Community Celebrates 30 Years with Original Residents Read More
Chief Financial Officer (CFO) Jeff Kaminski of KB Homes, the eighth largest homebuilder in the U. S. says the new housing crisis is being caused by the lack of homes, which in turn raises prices of existing homes, pricing many people out of the market. First-time KB home buyers in …
Manufactured Home Opportunities may Derive from Tight Housing Market Read More
In the news from CNNMoney: California raising minimum wage to $15. Computer virus infects system at MedStar Health, a chain of ten hospitals and dozens of clinics—FBI investigating. China’s Anbang Insurance Group in bidding war for Starwood hotel chain with Marriott. Pandora shares fall 10 percent upon return of founder …
Skyline Corp. Skyrockets for Second Consecutive Day Read More
The ongoing campaign challenge to eliminate the remaining $2 million debt of the RV/MH Hall of Fame and Museum, pitting the MH industry against the RV industry, with a goal of $1 million each, reveals the manufactured home industry is way ahead, $674,750 to $132,500. Chairman and president of the …
HUD Coders Outpace the RVers in Hall Campaign Challenge Read More
As MHProNews last reported March 10, 2016, Zeta Communities of Sacramento, Calif. was partnering with non-profit BRIDGE to build an affordable modular apartment building in San Leandro, the first of its kind in the Bay Area. The apartments were set to be available to people who earn half of the …
What’s New in public focused Manufactured HomeLivingNews.com What Others Say about Sunshine Homes, Manufactured/Modular Homebuilder Tragedy and Triumph – Widow shares her Celebration of Manufactured Home What’s New in Manufactured Housing Industry Professional News Tunica was tremendous, say attendees. Proposal would merge Fannie, Freddie. MHC to receive free wastewater system. …
Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016 Read More
Building on steps the Federal Housing Finance Agency has taken to reform government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac, five housing policy experts have proposed merging the two entities into a new corporation, called the National Mortgage Reinsurance Corp. (NMRC), that would continue risk-sharing initiatives with private investors and …
Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives Read More
The proposed redevelopment of eight modular homes in Marathon, Fla. in the Keys, was unanimously approved by the Marathon Planning Commission despite vigorous protest from a neighbor, as keysnet tells MHProNews. Melody Aldacosta, who has lived in Marathon 71 years, will have to share part of her driveway with people …
Modular Home Re-development Approved for the Florida Keys Read More
The Tennessee State Fire Marshal’s Office (SFMO), as part of the ‘Get Alarmed, Tennessee’ program, is partnering with the Tennessee Manufactured Housing Association (TMHA) to conduct a smoke alarm canvass, providing smoke alarms to groups and organizations that are willing to install them for people in need. According to what …
Volunteers Install Smoke Alarms in Manufactured Homes Read More
Stock Markets are all closed today in honor of the Good Friday Holiday. To our many Christian readers, a blessed Good Friday and Easter Triduum. (Image credit: (Wikipedia-Historic N.Y. Stock Exchange)
MHProNews has learned from financial-market-news that Amerprise Financial Inc. increased its stake in Drew Industries, Inc. (NYSE:DW) by 5.6 percent as of 12-31-2015, adding 12,306 shares of company stock, and now owns 233,706 shares. Its stake of 0.97 percent ownership is valued at $14,230,000 as of the end of Q4 …
Drew Draws Stakeholders while Neighbor Patrick Insider Sells Stock Read More
According to information received by MHProNews from nationalmortgagenews, mortgage loan delinquencies fell to their lowest level in Feb. since 2007, dropping 13 percent month-over-month, and 16 percent from last year to 4.45 percent in Feb. 2016. Black Knight Financial Services states that for the first time in nearly eight years …
Mortgage Delinquencies Fall to Lowest Rate in Nine Years Read More
Attempting to prevent the effluents from a manufactured home community on Long Island, NY from further polluting the Peconic Estuary, Suffolk County Executive Steve Bellone announced a competitive grant for one of the 19 communities located within the Peconic Estuary Program Groundwater Watershed. According to longislandexchange, the winning community will …
Manufactured Home Community to Receive Free Wastewater Treatment System Read More
Buoyed by the 38.5 percent surge in sales in the West, new home sales in the U. S. increased two percent in Feb. to a seasonally-adjusted annual rate of 512,000 units, according to statistics released by the Commerce Department, reports USAToday to MHProNews. The strong numbers from the West overshadowed …
As MHProNews publisher L. A. “Tony” Kovach told the Daily Business News, “Uncertainty hurts business. When people are afraid, spending slows. Anything that can harm business is noteworthy for a business or investment professional.” Writing in breitbart, Raheem Kassan tells MHProNews every time there is another Islamist terrorist attack that …
Uncertainty hurts business – no more Teddy Bears and Flowers Read More
In the news from CNNMoney: Fed official says rate hike could come in April. While fracking accounted for two percent of oil output n 2000, it now represents over half of U. S. oil output. Moon village envisioned by European Space Agency. U. S. corporate debt ratings near 15-year low. …
Skyline Corp. Skyrockets; MHCV Gains +1.37 Percent Read More
Word has come from Joe Kelly of the IAMHA that Margaret Dubil, owner/operator of the Glendale Mobile Home Park in Bettendorf, Iowa has passed away at the age of 99. A member of IAMHA for many decades, she was very supportive of the organization’s efforts. A world traveler and Gray …
Following MHProNews post from this morning regarding the MHI’s Mr. F. R. Jayar Daily’s testimony before the House Subcommittee on Housing and Insurance regarding the impact of government policies on housing cost, realestaterama reports on the other witnesses who spoke, giving one scant paragraph from Mr. Daily’s statement about manufactured …
MHI’s Daily Testifies about Government Regulation on Housing Costs Read More
