Noteworthy headlines on CNNMoney – Comcast hit with FCC’s biggest cable fine ever. Nobody wants to host the Olympic games. Appeals court hits Consumer Financial Protection Bureau. Some bullets from MarketWatch – The stock market’s ugly nose dive. Oil prices pull back after IEA reports a jump in OPEC output. Alcoa …
Down Day for MHCV, Broader Markets – CFPB Unconstitutional Read More
Skyline Corporation (NYSE:SKY) has seen its stock price on the rise recently, hitting a 52-week high of $12.72 last month. Daily Business News readers will recall that we covered the rise of Skyline’s stock in a recent story, here. According to a story from equities, Skyline’s stock is up 278 …
Zacks Investment Research cut shares of Sun Communities Inc. (NYSE:SUI) from a “buy” to “hold” rating in a memo issued to investors on October 5th, according to The Cerbat Gem. As regular Daily Business News readers already know, Sun owns and operates 338 manufactured home and recreational vehicle communities located in …
A recent supervisors meeting in Quincy Township (PA) became a heated debate about a conditional-use grant to land developer Craig McCleaf. His plan is to develop the property for 47 manufactured homes, naming the new development Quincy Meadows. McCleaf purchased the Slabtown Road location, which has been a manufactured home …
Town’s Residents Concerned about New Manufactured Home Community Read More
In the wake of Hurricane Matthew, Brevard County and its residents saw the complete gamut of damage – and emotions. In a twist from what the public expects – but what a number of manufactured housing professionals know about MH and windstorms – the manufactured home and its owners in …
Florida Manufactured Home Owner Describes Hurricane Matthew Experience Read More
Noteworthy headlines on CNNMoney – Buffett: “I’ve paid federal income tax every year since 1944.” Trump Taj Mahal closes its doors in Atlantic City. Samsung halts production of Galaxy Note 7. Second Clinton-Trump debate sees big ratings drop (DBN coverage here.) Some bullets from MarketWatch – U.S. stocks end higher as …
Patrick Industries Leads Strong Day for MHCV – Broad Markets Up on Oil News Read More
“As the moms and pops that built our mobile home parks age out, predatory, out-of-town corporate investors have been taking over.” – Measure V proponents “Once rent control is adopted, politicians will – by the tenants’ votes – be giving the landlord’s property to the tenants. It happens all the …
Strong home sales are boosting originations of Federal Housing Administration (FHA) loans, opening the door for many first-time homebuyers. According to the National Mortgage News, the strong loan volume could also portend the federal mortgage insurance agency is in line to receive a positive report this fall. “It certainly looks …
Rumors and social media posts have been circulating around the city of Belgrade, Montana, concerned that a cluster of manufactured homes poised for use are meant to house 5,000 Syrian refugees. The Human Resource Development Council (HRDC), the non-profit organization in possession of the homes, says that it simply is …
Non-Profit Denies Manufactured Homes are for Syrian Refugees Read More
Noteworthy headlines on CNNMoney –Is Kroger going to buy Whole Foods? Plunging Pound is crushing retirement dreams. Florida coast battered by Matthew (see Daily Business News item here). India busts bogus call centers for posing as the IRS. Some bullets from MarketWatch – Consumer credit surges 8.5% in August. U.S. blames Russia for …
SUN & BRK buck drooping MH Comp Value, broader markets slip too Read More
Washington, D.C, October 4, 2016 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing industry production, after declining in July 2016, resumed its trend toward long-term growth …
HUD Code Manufactured Housing Production Growth Resumes, August report Read More
The Novi Home Show takes place October 14-16 at the Suburban Collection Showplace in Novi, MI. The show is a “one-stop destination” for home improvement products for every type of project, and will include landscaping exhibits and experienced businesses available to consult or for hire. The Novi Home Show will …
Noteworthy headlines on CNNMoney – Hurricane Matthew may be costliest ever (see DBN coverage here.) Oil back above $50. Why the U.K. Pound is still crashing. Who’s worried about America’s $19 trillion dollar debt? Some bullets from MarketWatch- Gold sinks to 4-month low. Hurricane Matthew sends roof suppliers higher, insurance stocks …
Northpoint Commercial Finance Director of Business Development, Jim Regan, has announced his retirement from the floor plan financing industry after 30 years of service. In addition to consistently producing the highest yielding portfolio in the company, he was also named top sales performer in 2013. Regan was one of the …
Manufactured Housing Industry Veteran Announces Retirement Read More
The U.S. Department of Justice (DOJ) has filed a federal discrimination lawsuit against May Grove Village Manufactured Home Community based in Lakeland Florida, alleging that employees actively worked to keep African-Americans out. “Managers falsely told African-Americans that no mobile homes, (sic) or fewer mobile homes, (sic) were immediately available for sale, …
Noteworthy headlines on CNNMoney – New rules crack down on prepaid cards. VP debate gets smaller audience than 2012, 2008 (DBN coverage here.) U.K. could force companies to list foreign workers. Ford chairman strikes back at Trump criticism. Some bullets from MarketWatch – Stocks up as energy, financial sectors rally. Airlines …
A recent article in the Seattle Times by Al Levine, former Deputy Executive Director of the Seattle Housing Authority, puts the spotlight on steel modular housing as a practical answer to help solve the challenge of housing the homeless. “I find it hard to comprehend that we can’t do a …
Cities Housing the Homeless – are Modular Homes an Answer? Read More
Lustron Stories, a new book by Cleveland photographer Charles Mintz, explores what it’s like to live in, and own, one of the historic all-metal Lustron homes. The story dates back to 1948 in Columbus, Ohio where they were manufactured over a period of two years. The mass produced, easy-to-assemble homes …
Historic Lustron PreFab Homes Draw Renewed Interest Read More
Noteworthy headlines on CNNMoney – 170,000 gas stoves recalled because of explosion risk. Credit card giants sued over chip readers. Biggest one-day drop for gold since 2013. Google unveils new smartphone. Some bullets from MarketWatch – Gold ends near post-Brexit vote low as dollar rallies. U.S. stocks retreat on specter of …
Skyline Up, MHCV beats Tumbling broader Markets and in banking, ATM Fees Record High Read More
On October 3, 2016, the Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016. The company’s annual dividend rate …
UMH Properties, Inc. Declares Common and Preferred Dividends Read More
