Matthew Silver

Dow Closes Worst Year since 2008 Read More

Dow Closes Worst Year since 2008

By Matthew Silver / December 31, 2015 December 31, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Nearly 70 percent of investors lost money in 2015. AT&T getting rid of two-year contracts. Oil dropped three percent to just below $36.50/bbl. BBC hit with cyberattack. Servers at Brooklyn restaurant will receive $27/hr, no tips. George Lucas apologizes for comparing Disney to ‘white slavers.’ …

Lenders Receive Reprieve on Minor Errors in Closings Read More

Lenders Receive Reprieve on Minor Errors in Closings

By Matthew Silver / December 31, 2015 December 31, 2015 / Business, Finance, home buyers, Legal, Manufactured and Modular Housing News

The Consumer Financial Protection Bureau (CFPB) gave lenders a slight reprieve on the Know Before You Owe rule that provides borrowers with all the charges, fees and line items three days before closing instead of at closing, saying they will not be held accountable for most minor errors in loan …

Pending Home Sales Slip in Nov. Read More

Pending Home Sales Slip in Nov.

By Matthew Silver / December 31, 2015 December 31, 2015 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to builderonline, the National Association of Home Builders (NAHB) reports the National Association of Realtors (NAR) Pending Home Sales Index (PHI) slipped 0.9 percent from Oct., although it is still 2.7 percent ahead of last year at this time. The drop is considered to be more seasonal than substantive. …

Insider Trading at Cavco Industries Read More

Insider Trading at Cavco Industries

By Matthew Silver / December 31, 2015 December 31, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People, Stocks

In insider trading, Chales E. Lott, president of Fleetwood Homes, a division of Cavco, Industries (CVCO), sold 1,516 shares of company stock at an average price of $95.25 per share for a transaction valued at $144,399.00. He currently owns 2,000 shares of the company with a value of $190,500, according …

Manufactured Housing to be Featured on PBS Read More

Manufactured Housing to be Featured on PBS

By Matthew Silver / December 30, 2015 December 30, 2015 / Advocacy, Business, Communities, Manufactured and Modular Housing News, Manufactured Homes

A memorandum from Dick Jennison, Manufactured Housing Institute President and CEO, informs MHProNews that PBS NewsHour has set Sat., Jan. 2 to air its story on the manufactured housing industry. The story has already been delayed, and it may be delayed again depending upon news priorities. MHI expects the segment …

Skyline Lives up to its name, Surging 31.58 Percent Read More

Skyline Lives up to its name, Surging 31.58 Percent

By Matthew Silver / December 30, 2015 December 30, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Pollution in New Delhi worse than in Beijing, as 1,400 cars are added to the streets daily. Puerto Rico defaults again. Oil prices fell another three percent. Colorful Star Trek and NASA stamps due in the New Year. Five countries damaged by low oil prices: …

Consumer Confidence on the Rise Read More

Consumer Confidence on the Rise

By Matthew Silver / December 30, 2015 December 30, 2015 / Economy, Manufactured and Modular Housing News, People, Trends

According to bloomberg, the Conference Board’s Dec. sentiment index advanced to 96.5 from a revised Nov. reading of 92.6. The median of a survey of economists was 93.5. MHProNews understands American optimism about the economy and job market has risen. Cheaper fuel costs and an improving labor market have given …

Equity LifeStyle Properties Stock on a Roll? Read More

Equity LifeStyle Properties Stock on a Roll?

By Matthew Silver / December 30, 2015 December 30, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

Manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) share price marked a new 52-week high in Monday’s session, Dec. 28, reaching $66.33, according to putnamstandard, but closed even higher Tue., Dec. 29, at $66.81, as reported in MHProNews stock report. On the Dec. 28 report, four investment analysts gave …

Dec 30 2015January 6, 2016

Battle in Dublin over Modular Homes for the Homeless Escalates

By Matthew Silver / December 30, 2015 January 6, 2016 / Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Continuing the saga of Dublin, Ireland’s attempt to provide 40 of 500 modular homes for the city’s homeless on a lot in Balbriggan amid legal and physical threats, as well as protests causing a work stoppage, two northside councillors are opposed to the plan, saying the area has enough social …

Battle in Dublin over Modular Homes for the Homeless Escalates Read More

Pre HUD Code Home brought in Illegally Read More

Pre HUD Code Home brought in Illegally

By Matthew Silver / December 29, 2015 December 29, 2015 / Business, Legal, Manufactured and Modular Housing News, mobile home, People, regulation

In New Mexico, Michael Baca’s appeal to keep a pre HUD Code home was denied by the Torrance County Commission by a 2-1 vote Dec. 23, although it did pull at the heartstrings of the commissioners to essentially deny a family a place to live. Mr. Baca, with two kids, …

Modular Home Builders Pushing to Dispel Myths of Factory Built Homes Read More

Modular Home Builders Pushing to Dispel Myths of Factory Built Homes

By Matthew Silver / December 29, 2015 December 29, 2015 / Advocacy, Business, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular, Trends

With a labor and available lot squeeze driving up the price of site-built homes, bloomberg reports modular homes present a viable alternative, less costly and a quicker build time than site-built, although in appearance, they might be very little different than site-built. The median construction cost for modular comes in …

Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent Read More

Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent

By Matthew Silver / December 29, 2015 December 29, 2015 / Business, Stocks

In the news from CNNMoney: Uber competitor Sidecar throwing in the towel. Al Jazeera backpedals from alleging Peyton Manning did performance-enhancing drugs. California toughens equal pay law. Chipotle stock plunges 35 percent as norovirus and 2nd E. coli outbreak plague officials. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced …