In the news from CNNMoney: Move to Panama and retire, beachfront, on $25,600 a year. Falling prices of gold, oil, aluminum and copper raise concerns about global market. The NFL brought in $12 billion last year, a big jump from the $10.5 billion the previous years. Apple stock falls eight …
Deer Valley Falls -11.11%, as Most Tracked Manufactured Housing Stocks Slip Read More
MHProNews has learned from uknewsyahoo that Equity LifeStyle Properties (ELS) reported for the second quarter 2015 it posted funds from operations (FFO) of $64.5 million or $0.70 per share, beating the average estimate of Zacks Investment Research analysts by $0.02 per share. A closely watched measure in the real estate …
Equity LifeStyle Properties Beats Analysts Expectations in Q2 Read More
As the housing recovery sputters along from the Great Recession, trying to overcome the lowest percentage of homeownership in 20 years (63%), even with the aid of artificially maintained low interest rates, people are moving away from the McMansions with their high maintenance and trophy appearance, and paying more attention …
A class action lawsuit has been filed on behalf of 22 owners of manufactured homes (MH) in Burnside, Minnesota after the city sent notices telling the homeowners they need to remove their carports because they were installed without permits, according to kstp-tv5. City Code Enforcement Coordinator Christopher Forslund said the …
Lawsuit Challenges Removal of Manufactured Home Carports Read More
Following a story MHProNews reported Friday, July17 regarding a fire at modular builder Keiser Homes in Oxford Maine, sunjournal reports the fire was contained to a lean-to where where wood was stored, destroying most of the wood and the structure, but did not affect the main building, the electrical system …
Keiser Homes Fire did not Damage Main Structure, Electrical or New Homes Read More
In the news from CNNMoney: Gold prices fall to five-year low. Banks in Greece open for the first time in three weeks, but customers can only withdraw 60 euros. Huffington Post to cover Donald Trump as entertainer, not as a politician. Hillary Clinton says employees should receive more of corporate …
Deer Valley Gains 10.25%; Dodd-Frank Turns Five Tomorrow Read More
In good news for the housing industry, the U. S. Department of Commerce reports housing starts spiked 26.6 percent in June and housing permits markedly rose 30 percent over a year ago, both notching eight-year highs, largely due to the strength of the multi-housing market.. The seasonally adjusted annual rate …
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) has informed MHProNews that Daniel Hurd and Dan Mulkey of their Tampa office arranged the sale of Country Villa Mobile Home Park in Lakeland, Florida. The 45-home site senior manufactured home community (MHC), a mix of single and multi-section homes, …
Marcus & Millichap Arrange Sale of Florida Manufactured Home Community Read More
MHProNews has been informed that Mark Engel will be joining private equity real estate investment firm Green Courte Partners, LLC (GCP) Aug. 17, 2015 as Managing Director and Chief Financial Officer, replacing Jane Mody who has been in the CFO post since March 2011. Mr. Engel has over 20 years …
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) resolved an action with American Honda Finance Corp. over charges the auto maker’s pricing policies discriminated against people of color, resulting in their paying higher interest rates, regardless of creditworthiness, than white borrowers for auto loans. As part …
Honda Agrees to Cease Discriminatory Automobile Lending Read More
What’s New in public focused Manufactured HomeLivingNews.com Congressman Stephen Fincher is demanding Fairness for MH owners Deer Valley CFO Steve Lawler Inside MH Video and Home Tour Cancer Cures and Today’s MH What’s New in Manufactured Housing Industry Professional News The Manufactured Housing Association for Regulatory Reform’s (MHARR) Mark Weiss documents …
Sunday Morning Recap-Manufactured Housing Industry News-July 12-July 19, 2015 Read More
Shares of Encore Wire Corporation (NASDAQ:WIRE) of McKinney, Texas have been upgraded by Zacks from a hold rating to a buy rating in a research report sent to investors, according to dakotafinancialnews. The company has a current price target of $47.00 on the stock. As MHProNews knows, Encore manufactures copper …
A fire at modular homebuilder Keiser Homes in Oxford, Maine started around 4:45 this afternoon in a stack of plywood after employees had left for the day, according to a report by pressherald. Fire Chief Wayne Jones said the fire spread only about 20 feet into the building, and a …
Fire Starts in Wood Pile at Modular Homebuilder Keiser Read More
A Chinese company called Zhuoda Group is utilizing the 3D printing process to manufacture modular homes using a secret ingredient that they are not willing to divulge, according to 3dprint. It is not a cement base, as most 3D printed buildings are, but the company says it will withstand a …
In the news from CNNMoney: Google shares rise 13 percent. Stocks in China fall, cutting 30 percent from the country’s growth. Hackers invade UCLA Health Network, access data of 4.5 million. U. S. facing a $1 trillion pension shortfall. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -0.45 percent …
Universal Forest Products adds to Gain; Most Manufactured Housing Stocks Quiet Read More
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) will release its Q2 financials before the market opens Thursday, July 30, 2015 followed by a conference call at 10:00 AM Eastern Time that same morning for a discussion of the results and other business matters. The call will be conducted by Todd Cleveland, …
Patrick to Discuss Q2 Financials July 30; Gendell Sells More Stock Read More
Marking the 13th consecutive month reading above 50, and hitting the highest point in nearly a decade, the National Association of Home Builders/Wells Fargo builders confidence gauge high 60 this month. Any number above 50 signals that builders are optimistic about sales trends, according to marketwatch. “This month’s reading is …
The Texas Manufactured Housing Association tells MHProNews titles for both new and used manufactured homes fell in April from the previous month as well as from April 2014. For May, preliminary results indicate both shipments and processed titles have slipped for the month. However, with most of the state receiving …
Texas Manufactured Home Sales Slowed in April, and Preliminarily in May as Well Read More
For the third quarter of its fiscal year, T.J.T. Inc. announces net profits of $11,969 on net sales of $1,522,014, a turn around from its net loss of $7,114 reported April 13, 2015 for the previous quarter. As businesswire tells MHProNews sales for this quarter were comparable to Q3 of …
Supplier to Manufactured Home Market Reports Profit Read More
M. Mark Weiss, JD – President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), in an email to MHProNews and the Journal, said that the reported termination of the dispute resolution (DR) subcontract between the Savan Group LLC and HUD’s entrenched monitoring contractor, the Institute for Building …
Today’s Manufactured Homes – Amazingly Low Complaints, per Federal Report Read More
