In what community residents are calling an effort to push them out, the new ownership of the Trailer Haven RV and Mobile Home Park in San Leandro, California is raising rents in a part of the country that already boasts record high housing costs. “I understand many are concerned about our …
Manufactured Home Community Residents Protest Rent Increase Read More
Universal Forest Products Inc. (NASDAQ:UFPI) has announced its Q3 2016 earnings results, including record revenues. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ estimates of $1.35. UPFI earned a record $826.70 million during the quarter, with a net margin of 3.27 percent and a return …
Universal Forest Products Announces Earnings Results Read More
The DeRidder, Louisiana City Council introduced proposed ordinances that will determine where residents can place modular housing, and under what conditions, during a meeting on November 14th. One of the ordinances allows for the placement of modular homes in districts zoned as B-1, (transitional business district,) R-2 (higher density single …
The Kentucky Economic Development Finance Authority (KEDFA) has awarded tax incentives to two businesses, including $20,000 for a $1.2 million operation that would utilize prefab to provide homes and light commercial buildings in five states. Blueframe Design + Build is the brainchild of James C. Burris Architects, and plans to …
Economic Development Authority Awards Tax Incentives to Prefab Builder Read More
Noteworthy headlines on CNNMoney – Top network execs, anchors meet with Trump. Feds “tightening straitjacket” around Wells Fargo. Chicago O’Hare airport workers to strike November 29th. The New York Times announces new general counsel. Some bullets from MarketWatch – Dow, S&P 500, Nasdaq surge to record highs. Oil at 3-week …
Manufactured Housing CV, Broader Markets Finish at Record High Read More
For Trentham, New Zealand-based Matrix Homes, they believe the answer is yes. According to Voxy, Matrix Homes is about to enter the high-rise market offering steel frame modular construction for hotels and apartment buildings. This follows the signing of an agreement to partner with Alto Australia, a company with 30 …
New data from the U.S. Census Bureau shows that new home construction increased significantly in October. Privately owned housing starts were up 25.5 percent for the month, beating the revised estimate of 1.05 to 1.32 million in September. The number is also up 23.3 percent when compared year on year. …
Triad Financial Services, Inc. (Triad) today announced loan origination data for the first 9 months of 2016. A total of 5,684 loans have been funded by Triad for the 9 months ending 9/30/16, a 35 percent increase over the same period in 2015. “I am very proud of the entire …
Triad Financial Services Announces Record Loan Origination Volume Read More
We continue with our thought-provoking theme for the month: Entrepreneurs November in MHVille 2016. That link will take you to all of the featured articles and interviews this month. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. …
The goal of the incoming Trump administration with regard to Dodd-Frank has been made clear. “To dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.” President-elect Donald Trump pledged throughout his campaign to get rid of what he called “stifling regulations.” According …
Dodd-Frank, CFPB Deep in Trump Administration Cross Hairs Read More
Noteworthy headlines on CNNMoney – Small-cap stocks are on fire since Trump win. Chicago O’Hare airport workers plan Thanksgiving strike. Change is coming to McDonald’s. Trump to remake board that rejected his hotel. Some bullets from MarketWatch – Global bonds just endured their worst selloff in more than 13 years. …
Skyline, Cavco Lead Up Day for the Manufactured Housing CV, Broader Markets Down Read More
In South Carolina, it’s manufactured housing to the rescue. According to WLTX19, the South Carolina Disaster Recovery Office has received a $96 million grant from the Department of Housing and Urban Development (HUD), which they plan to use to assist people impacted by floods in October. The recovery program is …
Flood Recovery Grant to Help Flood Victims with Manufactured Homes Read More
Fresh off of their quarterly earnings call on October 31st where they beat analysts’ expectations, Affiliated Managers Group (NYSE:AMG) saw Sterling Capital Management LLC increase its stake in the company by 5.9 percent during the second quarter. Sterling Capital Management now owns about 1.02 percent of AMG, valued at $77.22 million. …
Government lender Freddie Mac has formed a partnership with Next Step Network, Inc., a Louisville, Kentucky-based non-profit housing intermediary, to roll out consumer education curriculum for manufactured home buyers. The initiative is intended to foster new relationships with active participants in the manufactured housing industry, including mortgage lenders, at the …
Freddie Mac Forms Partnership, Rolls Out MH Education Curriculum Read More
Colonial East, L.P. announced the opening of their indoor pool complex, the Manor House Pool, on November 5th, near Rehoboth Beach, Delaware. The new pool complex will serve residents of all of the Colonial East manufactured home communities including Sussex West, Sussex East, and Colonial East. According to the Cape …
Manufactured Home Communities Cut Ribbon on New Indoor Pool Complex Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) has made a major announcement regarding a request from President-elect Donald Trump and Congress. MHARR tells the Daily Business News that, as was predicted and outlined in MHARR’s November 9, 2016 Washington Update, President-Elect Trump’s promise to “impose a… moratorium order on …
Trump/Congress Call on Federal Agencies to Defer Action on all Pending Regulations Read More
According to the advertiser, the Lafayette City, Louisiana Parish Council introduced an ordinance that will allow the temporary placement of manufactured homes at home sites for residents to live in while repairing their homes damaged by the August floods. As it currently stands, residents in the unincorporated parts of the parish can …
Council Looks to Allow FEMA Homes, Rescind Solar Fees Read More
Noteworthy headlines on CNNMoney – Mexico pulls trigger on Trump “contingency plan.” JPMorgan fined for hiring kids of China’s elite. Wells Fargo account openings plunge 44% (DBN coverage of Wells Fargo here). Tesla shareholders approve Solar City merger. Some bullets from MarketWatch – U.S. stocks end higher after strong data, …
Patrick Industries Leads Up Day For Manufactured Housing CV, Broader Markets Rise Read More
Esthela Garza, president of the Pasadena Trails resident-owned community (ROC), and new member Paula Maldonado, were featured on a panel discussing the basics of manufactured housing at the “I’m Home” conference in San Antonio November 14th-16th. “Many of the residents were happy to live there, but now they participate in …
Investor and real estate billionaire Sam Zell was on CNBC’s Squawk Box yesterday to discuss the impact of Donald Trump’s election. “I think Donald Trump is very smart and has a unique opportunity to change things and lead this country,” said Zell. “And I think this country desperately is looking …
