Noteworthy headlines on CNNMoney – Top Fed official “very concerned” about U.S. economy. U.S. dollar zooms to 7-month high. Is “Trump TV” in the works? Target removes clown masks from stores. Some bullets from MarketWatch – Visa shares decline as CEO Scharf resigns. IBM earnings, revenue beat expectations. Big day …
NorthStar’s Big Day, MHCV/Broader Markets Down – Top Fed Concerned Read More
Patrick Industries, Inc. (NASDAQ:PATK), one of the leaders in supplying the manufactured housing, RV and industrial markets, has announced that it expects to release its Q3 2016 financial results prior to the market open on October 27th. As Daily Business News readers are already aware, Patrick has been in the …
Patrick Industries Previews Q3 2016 Earnings Call, Webcast Read More
Zacks Investment Research cut shares of Affiliated Managers Group Inc. (NYSE:AMG) from “buy” to “hold” in a research note published on October 12th, in reports covered by The Cerbat Gem and Breaking Finance News. “Affiliated Managers has a positive record of earnings surprises in the recent quarters. Also, the estimates …
Revolution Precrafted Properties is a company that touts how they bring together over 30 of the world’s preeminent architects, artists and designers to create an exclusive series of prefab, livable spaces. The firm has announced that Simple – a Jean Nouvel Collectible Home – has been installed as part of the upcoming …
PreFab Home Installed in Two Days as Part of Global Parisian Show Read More
Continuing the celebration of our 7th year of uninterrupted factory-crafted housing trade media publishing, 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 …
Skyline Corporation (NYSE:SKY), one of the larger and oldest independent producers of HUD Code manufactured homes, announced its results for Quarter 1 2017 this week. The company reported net sales from continuing operations of $61,176,000, states their official report. That includes an increase of approximately 26% over net sales of …
Noteworthy headlines on CNNMoney – FAA banning Galaxy Note 7 from all flights. John Kasich bans Wells Fargo from Ohio deals. Wells Fargo new account openings plunge. American Dream: Rich are fearful for its survival. Some bullets from MarketWatch – The stock market is turning into a sloppy, ugly mess—and it …
Big Day for Skyline, Louisiana-Pacific – MHCV, Broader Markets Up On Banks News Read More
Measure V – a proposition on the ballot in Humboldt County, California – has generated significant interest from both inside and outside the MH industry. As Daily Business News’ Joe Dyton covered recently, Measure V proposes that: Manufactured home community owners would be permitted to raise site rents once annually, and …
Rent Control-WMA Rolls out ‘No On Measure V’ Video, Talking Points Read More
Communities in and around Austin, TX have been a hotbed for discussions about affordablity and manufactured housing over the last few months. According to KUT, Austin City Council member Pio Renteria recently visited some of his constituents at a manufactured home community and was shocked by what he saw. “When …
Official wants Mandated Amenities for MH Communities Read More
The ongoing, difficult saga from the devastating August 2016 Louisiana floods continues. In Donaldsville, the Ascension Parish Council has been informed that twenty percent of the homes that have been assed for damage thus far have been deemed “substantial” – which means that the structures need to be raised, demolished …
Concerns Increase in Louisiana Flood Damaged Housing Read More
In a new report released by CPA firm Novogradac & Company LLP, the firm talks with affordable housing industry experts about the impact of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (LIHTC), and what affordable housing may look like in 30 years. LIHTC industry experts …
Novogradac’s Report – Affordable Housing 2046 – Does MH Hold The Key? Read More
Noteworthy headlines on CNNMoney –Wells Fargo CEO walks out with $130 million. Detroit residents are drowning in debt. Why Clinton might lose Ohio. Verizon says Yahoo’s massive breach could impact deal. Some bullets from MarketWatch – Wells Fargo earnings: what to expected as embattled CEO steps down. Why so few Americans …
ELS, SUN Up – Manufactured Housing Composite & Broader Markets Down Read More
According to the Manufactured Housing Association for Regulatory Reform (MHARR) president and CEO M. Mark Weiss, the Federal Emergency Management Administration (FEMA) has issued a formal solicitation for “off the lot” manufactured homes. As the Daily Business News reported last week, The Manufactured Housing Institute (MHI) was contacted by FEMA, …
Retailer Alert-FEMA to Purchase Off-the-Lot Manufactured Homes Read More
San Jose, California will become the first city in the state to create tiny homes for the homeless by bypassing the state’s building codes. According to the Bay Area News Group, city housing officials and advocates for the homeless call the new legislation a “game-changer” in the fight to solve …
New Law Allows City To Build Tiny Homes For Homeless Read More
The battle between a group of actvist, protesting residents of the Heritage Village manufactured home community in Beaverton Oregon and the property owner – Cal-Am Properties – has prompted a Coos Bay state legislator to propose a change to state law. According to the Oregonian/Oregon Live, the issue stems from …
New State Law Would Change Eviction Rules For Manufactured Homes Read More
Sun Communities Inc. (NYSE: SUI) and Equity LifeStyle Properties Inc. (NYSE: ELS) each provided preliminary assessments of the impact from Hurricane Matthew on their properties. Sun Communities reported that the bulk of any losses expected to be related to removal of damaged trees and debris cleanup and more thorough inspections …
MHC Leaders ELS, Sun – Assess Hurricane Matthew Impact Read More
Noteworthy headlines on CNNMoney –Fed eyes raising rates “relatively soon.” Samsung sending safety gloves to Note 7 users. Ex-Wells Fargo worker: denied bathroom breaks. Clinton’s tax plan might raise less money than expected. Some bullets from MarketWatch – Why China’s banks may eventually need a $2 trillion capital infusion. Fed held …
MHCV Bounces Back Strong, SUI and ELS Lead – Outpaces Broader Markets Read More
In the aftermath of Hurricane Matthew, a number of cities and towns from Florida to North Carolina are beginning to see the full magnitude of the storm damage. According to Reuters, CoreLogic, a real estate data firm, estimated the storm might have caused up to $800 million in damage to …
Post-Hurricane Matthew, Windstorms, Stereotypes and Manufactured Housing Read More
A Massachusetts state law that has long allowed developers to bypass local regulations in communities where less that ten percent of the housing stock is considered to be affordable is back in the spotlight. The issue has long troubled officials in the town of Wareham, because the state refuses to …
State Under Pressure to Count Manufactured Homes as Affordable Housing Read More
In a huge story of interest for the MH industry, a federal appeals court declared that the U.S. Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The 110-page ruling, handed down by the U.S. Court of Appeals for the D.C. Circuit, the nation’s second most powerful court, stated that the …
