Noteworthy headlines on CNNMoney – Wells Fargo’s legal mess just got worse. Brexit roadmap: what happens next. FOX News gives Tucker Carlson a primetime show. Some bullets from MarketWatch – Stock market falls for 8th straight session. Generic drug stocks dive on report of possible criminal charges. Starbucks rallies on …
Affiliated Managers Group Leads Up Day for MHCV, Broader Markets Down Again Read More
UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation (Freddie Mac), has a 10-year maturity with principal repayments based on a 30-year amortization schedule. Interest is set at 3.85 percent …
Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. Analysts expect Drew to post earnings of $1.20 per share (EPS) and revenue of $392.70 million for the quarter, according to The Cerbat Gem. During its Q2 earnings call on August …
Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish Read More
Noteworthy headlines on CNNMoney – Anti-trust suit filed against DIRECTV. Venezuela is running out of time and money. The Wall Street Journal trims paper – and staff. Oil dives seven percent this week. Some bullets from MarketWatch – Whole Foods eliminates co-CEO structure, names John Mackey CEO. Fed says it …
Drew Industries Up on Down Day for MHCV, Broader Markets, Oil Down Again Read More
Troy, Michigan-based Champion Homes has opened a 100,000-square-foot facility in Benton, Ky. The facility represents a $6.3 million investment for Champion and is expected to create 150 new jobs. “At Champion, we’re driven to produce the highest-quality affordable housing in part because we understand the special feeling our customers have …
Champion Homes Opens Manufactured Home Plant in Kentucky Read More
In a first for the 74-year-old organization, the National Association of Home Builders (NAHB) finalized a list of congressional candidates that it believes will help to boost housing in the U.S. According to Door & Window Market Magazine, the NAHB announced in September that it would be working …
National Association of Home Builders Endorses Congressional Candidates Read More
The Novi Home Show took place October 14th-16th in Novi, Michigan and featured six different manufactured home models, courtesy of the Michigan Manufactured Housing Association (MMHA) as a part of the Suburban Collection Showplace. Billed as “a show within a show,” nearly 5000 people had a chance to tour models from …
Clayton Homes, a subsidiary of Berkshire Hathaway, has acquired Lee’s Summit, Missouri-based Summit Custom Homes, according to the Kansas City Business Journal. The acquisition was made by the company’s site-built division, Clayton Properties. As Daily Business News readers are aware, Clayton Homes is the largest producer of manufactured homes in …
Residents of Valley View Estates in Archibald, Penn. are in a state of limbo. On the surface, the culprit is bankruptcy. Digging deeper, what caused the bankruptcy appears to be a case of mismanagement. According to The Times-Tribune, park owners Margaret Mary Barrett and Egan Enterprises, Inc. filed for bankruptcy …
Manufactured Home Community Bankruptcy Puts Residents in Limbo Read More
Two Alberta, Canada based companies are teaming up to create a modular solution to affordable housing. According to reminetwork, Edmonton-based Step Ahead Properties and Calgary-based Ladacor Advanced Modular Systems have launched construction on their new modular apartment, an affordable housing development at Westgate Manor in Glenwood. The development will be the …
Modular Helping to Solve Affordable Housing Challenges Read More
Noteworthy headlines on CNNMoney – America’s truckers getting biggest pay raises. Gas price spikes, shortages coming after pipeline blast. How much you’ll really pay for Obamacare. Super-rich investigated for paying too little tax. Some bullets from MarketWatch – Apple’s stock suffering fifth straight loss after earnings. Bank of America cuts …
MHCV, Broader Markets Hit Hard, Affiliated Managers Group Lone Bright Spot Read More
Drew Industries Inc. (NYSE: DW) has announced their acquisition of Elkhart, Indiana based Atwood Mobile Products, Inc. via Lippert Components, Inc. (LCI), a wholly owed subsidiary. The sale is expected to be completed in November. “Atwood has been a household name in the RV and trailer markets for over 30 …
Drew Industries Completes Fourth Acquisition of 2016 Read More
Ministers in the United Kingdom (U.K.) are planning to tackle the nation’s housing crisis with more than 100,000 prefab homes in a effort to meet their goal of providing one million new homes by 2020, according to The Guardian and The Construction Index. A white paper from the government, due …
Noteworthy headlines on CNNMoney – Donna Brazlie out at CNN. Mexico posts worst growth in two years. GE bets on oil with Baker Hughes deal. Britain’s new pound coin won’t fit into vending machines. Some bullets from MarketWatch – S&P 500, Dow book third straight monthly loss. Fed expected to …
Louisiana-Pacific Leads Up Day for MHCV, Oil, Broader Markets Down Read More
Revolution Precrafted Properties, a company that brings together over 30 of the world’s preeminent architects, artists and designers to create an exclusive series of prefab, livable spaces, has announced three new designs by Paulo Mendes Da Rocha + Metro, Massimiliano & Doriana Fuksas, and Philip Johnson Alan Ritchie Architects. According …
Revolution Precrafted Properties Debuts Three New Designs Read More
The Federal Emergency Management Agency (FEMA) has announced that residents in Georgia’s Liberty and Long counties have been approved for FEMA assistance in the wake of Hurricane Matthew. According to the Coastal Courier, FEMA’s amended “declaration of major disaster” issued on October 24th means homeowners and business owners may now …
FEMA Approving Residents, Asking Manufactured Home Retailers to Sell Units Read More
Drew Industries, Inc. (NYSE: DW) has received a “buy” rating from analysts, according to a recent report from StockzIntellegence, Inc. Citigroup provided its “buy” recommendation on August 15th with a target price of $110.00, up from $85.00 in May. Drew Industries’ share price has increased 47.62 percent since March 24th, 2016 …
We began the month with this thought-provoking theme: Obstacles and Opportunities in Affordable Housing – October 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 …
The Boulder City, Nevada City Council has unanimously approved the request of developer Randy Schams to rezone 7.33 acres of land he owns in the city to a multi-home residential area. A number of regular Daily Business News readers may recognize Schams’ name, as part of our coverage on the Boulder City …
City Council Approves Rezoning of Manufactured Home Community Read More
Noteworthy headlines on CNNMoney – Civil rights groups brace for “chaotic election.” Warren calls out KPMG for Wells Fargo disaster. U.S. economy posts best growth in 2 years. Some bullets from MarketWatch – FBI restarting probe into Hillary Clinton’s emails. Drug stocks sink as backlash against price hikes hits bottom lines. …
Equity LifeStyle Properties Leads Up Day for MHCV, Broader Markets Down Read More
