When you see and hear what Federal Reserve Chairman Jerome Powell actually said, the economy is doing well. The markets are suffering, in part due to comments and rate hikes that he and his colleagues at the FED have made. Powell spoke, the markets sank. A closer look will be […]
Fed Rate Hike, Chair Jerome Powell Comments Send Broader Markets, Most MH Equities Reeling Read More
Palm Lake Cooperative at 7272 42nd Way North in West Palm Beach, Florida, has sold the community to MHC Palm Lake LLC. That’s an affiliate of MH Communities, the manufactured home investment arm of Chicago-based Equity LifeStyle Properties (ELS), per the Business Journal and a local court filing.
Sam Zell’s ELS Scores Again, Details Others Missed Read More
Informed sources with and connected to Clayton Homes reveals new angles on an emerging, as well as previously stories. According to sources, in under 2 years, Clayton Homes has and will invest some $55,000,000 in technology tied to the manufactured home buyer’s shopping experience. Clayton has demonstrated some of their virtual tour technology
For years, MHLivingNews and MHProNews have made the case that federal and state housing budgets could be stretched by a proper understanding and use of modern manufactured homes. MHProNews periodically spotlights this vexing issue because it represents both opportunity and a tragedy that is debatably avoidable in many
The Louisiana Manufactured Housing Association (LMHA) video below takes a tact at defending and promoting the acceptance of manufactured homes that is noteworthy. It could have utilized the singularly important point of HUD Code manufactured home enhanced preemption, or any number of other research points that were
Spotlighting Pro-Growth Educational Effort by Louisiana Manufactured Housing Association Read More
We are periodically asked for an executive summary of the issues that have caused the purported manipulation of the most affordable kind of permanent housing in America. What follows is that executive summary, and it will include two complimentary threads. Read the text. Then look at the illustrated cartoon-style
Sum it up in a word, uncertainty. But the details are insightful. There are about 3.3 (+/-) percent of the population, or nearly 11 million Americans who are millionaires, per Spectrum n 2018. In a new survey conducted for CNBC, there are nearly 11 million millionaires, Robert Frank
Millionaires Survey IDs Top Threats to Their Wealth Read More
New HUD Code manufactured home factories are gaining traction, as manufactured and modular housing shipments have been recovering. Skyline-Champion’s (SKY) soon-to-open production center in Leesville, LA is our focus for this evening’s market focus. Scroll down beyond the Manufactured Housing Composite Value to see that report. If you’re new,
Cavco Industries, Inc. (NASDAQ:CVCO) hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $137.71, said Modern Readers. “Several brokerages have recently issued reports on CVCO. BidaskClub downgraded Cavco Industries from a “sell” rating to a “strong sell” rating in a research
Cavco Industries (CVCO) Hit$ Bottom Read More
The issue that follows is tied to allegations of corruption, how that impacts affordable housing, and thus millions of Americans, plus taxpayer funded budgets. At its core, it’s not a matter of one political party over that one. It seems that the Manufactured Housing Institute (MHI) and the Berkshire
Affordable housing, working and middle class incomes are far from a new issue. They have been part of the national scene in the U.S. for decades, as this brief recap and linked reports will serve to outline. And sexual or other scandals have arguably often taken those long-pressing issues
Scandalous, Presidential Politics, Affordable Housing, Mobile and Manufactured Homes Read More
Many if not most Manufactured Housing Professionals – MHPros – know the truth about our industry’s products and services. That said, millions of people don’t know. You might say that they have been conditioned into thinking something that is untrue. Hold that thought, because in many ways it is
Children, Grandchildren, Family, Manufactured Housing, Money, and You Read More
A federal judge in Texas has struck down Affordable Care Act. “In a ruling sure to be appealed to Supreme Court, Texas court says the ACA, also known as Obamacare, can no longer stand without the penalty against the uninsured,” said NBC News. The Friday night ruling
ObamaCare Struck Down, MHVille Insights, Impact, and What’s Next Read More
Perhaps it was no surprise. Perhaps it was a safe call. But our prior MHProNews reports on Legacy Housing’s Initial Public Offering (IPO) proved to be prescient. On a day when the Cavco Industries (CVCO), Skyline Champion (SKY), and even Clayton Homes parent Berkshire Hathaway (BRK) all took a slide,
Legacy Housing Exclusive to MHProNews on Firm’s Solid IPO, Plus MH Market Updates Read More
The Federal Housing Administration (FHA) announced late today that loans limits for 2019 will be raised for most part of the nation. As manufactured housing industry veterans know, qualifying placements can allow a HUD Code home, or a modular home, to be financed with FHA insurance on the
Home Loan Limits Raised in Over 3,000 U.S. Counties Read More
The timing of the Legacy Housing IPO is an interesting. The firm is attracting attention on its own merits from investors and analysts, who – for example – note that the two principles will have some 57 percent of the stock. The solid growth track-record for Legacy (LEGH),
With Storm Clouds Over Cavco, Eyes on Legacy Housing (LEGH) IPO Today Read More
Press releases from both the Department of Housing and Urban Development (HUD) and the White House pressroom to the Daily Business News on MHProNews could be summed up with this goal in mind. There is a need to revive, expand, and protect the American Dream for all. President Donald
Joint HUD, White House Announcements Aim to Advance the American Dream Read More
The Associated Press (AP) is reporting that “Former Obama housing chief Julian Castro says he’s taking a step toward a possible White House campaign in 2020 by forming a presidential exploratory committee,” with an announced decision set for Jan. 12, 2019. Castro is said to be the second
Yesterday, we posted an update on Cavco Industries. Not long after, we received a news tip from a source with a legal insight on their SEC related woes. That will be our market update, found further below, this evening. If you’re new, already hooked on our new spotlight feature
During a widely acknowledged affordable housing crisis, industry professionals and investors should be asking – how is this possible? The chart below provided by an association member reveals that Texas – #1 among the states in new sales – took a drop in new HUD Code manufactured home shipments
