A “technical glitch” caused trading on the NASDAQ to halt for some 3 hours today. Meanwhile, CNN Money tells MHProNews that the Dow’s 6 days slide ended, as the market closed at 14,963.74, up $66.19 (+0.44%). The Yahoo! Financial Manufactured Housing Composite Value: 939.3, +1.63%. Cavco Industries lead gainers, 55.98 +2.86 (5.38%). …
Updating the recent story on Scranton PA based Westrum Development is installing a two story Cape Cod modular home on the post hurricane Sandy Jersey shore the firm built in just 28 days. Cost for Westrum’s three-bedroom modular home, says totalmortgage and the Wall Street Journal, is $179,000. 10 homeowners …
Mold, uneven floors and energy wasting are among the complaints that Charlotte White, an owner of a pre-HUD Code mobile home expressed, says earthfix. The 64 year old White is retired and lives in a single wide located in Rainbow Rock Village in Curry County, Oregon. Their story underscores the …
Pre-HUD Code Mobile Homes Fingered for Construction and Energy Issues Read More
The worst losing streak in over a year saw the Dow decline more than 100 points. CNN Money reported the release of the Fed’s minutes on bond buying failed to answer investors worries. The Yahoo! Finance Manufactured Housing Composite Value closed at 924.2, down -1.15%. Patrick Industries led gainers, 5.12 …
Doug Altner of the Ayn Rand Center for Individual Rights reports Home Depot co-founder Bernie Marcus and Subway founder Fred Deluca saying they couldn’t have started their businesses in today’s regulatory environment. In an interview with John Allison — president of the Cato Institute and the former CEO of BB&T …
Former CEO of 152 Billion BB&T bank says Dodd-Frank smothers small business lending Read More
Residents of Lamprey River and Railroad Street land lease communities in Newmarket, NH recently purchased their communities. Heron Point Estates Cooperative, New Hampshire’s 106th manufactured-home cooperative forged through the work of the state’s Community Loan Fund, will manage both communities. Education, technical assistance and funding were arranged by the New …
New Hampshire’s Community Loan Fund converts MHC #106 Read More
The Department of Housing and Urban Development (HUD) announced on fbo.gov and its own website that it was awarding the Institute for Building Technology and Safety (IBTS) Inc. the contract to perform “…assessment inspections, monitoring, and evaluation of the performance of private and state agencies responsible for oversight of design …
The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn yield an improved understanding and respect for the MH Industry at large by investors, professionals or researchers who also find and …
With image being a key component to selling more manufactured homes to cash and credit worthy buyers, that may explain the growing daily commentary in favor of the start of the ManufacturedHomeLivingNews.com image campaign. Nancy Geer, Executive Director of the New York Housing Association said: “Manufactured Home Living Website is …
Improving Manufactured Housing’s Image to Increase Sales Read More
Manufactured housing professionals have long known that an image building campaign would benefit the industry in many ways. So it’s no surprise that First State Manufactured Housing Association’s Jennifer Allen, Tim Williams from the Ohio Manufactured Homes Association and a number of other industry executives and professionals have expressed encouragement …
MHI’s National Communities Council (NCC) has announced that it is expanding its current slate of networking and business building opportunities by creating a new flagship leadership and networking event to be held each fall. The first annual NCC Fall Leadership Forum will be held On October 16-18, 2013 at the …
Increased optimism, higher attendance and more sales by factory-builders were reported by those who attended the 2013 Tunica Manufactured Housing Show. Kevin Flaherty, Vice President of Marketing at Champion Enterprises, told MHProNews that “Champion had a very successful show with most retailers citing a significant increase in lot traffic starting …
2013 Tunica Manufactured Housing Show – by the Numbers Read More
The Manufactured Housing Institute (MHI) is in the process of updating their bylaws, which was last done circa 2007, and led to controversy over proposed changes. The issue revolves in part around state association executives who seek to have a strong voice in MHI’s legislative and other agendas. MHI CEO …
MHProNews has learned that the latest totals for manufactured home community professionals as well as builder/developers registered for the 2013 Tunica Show has more than doubled over last year at this time. Manufactured Home Retailer registrations are up some 22.5% over the same time in 2012. In a statement, show …
MH Community, Retailers and Builder/Developers Swell Read More
MHProNews has learned that attendance at the 2013 Louisville Show rose a stunning 1.337% vs. the 2012 totals, according to preliminary numbers released by Michele Middleton of the Show Ways Unlimited. Middleton stressed that filters must be run to gauge the exact tallies in all categories, but that the initial …
Louisville Show Success! Initial Report, by the numbers Read More
Two new Industry in Focus reports drew cheers from numerous industry business and association leaders from coast to coast. Sources close to George F. Allen and Danny Ghorbani whispered they met the reports with jeers – and in concert with their close knit group of cross-promoters – are already discussing …
MHProNews has learned from campaign memos in key battle ground states that the exit polls show the race “razor close.” One campaign source tells MHProNews that it is “Florida in 2000 close.” As a reminder, the 2000 presidential election came down to 537 ballots in Florida. In the NH town of …
MHProNews reports that Mitt Romney grabbed momentum and took it to the incumbent president on a range of issues, including: Dodd-Frank, ObamaCare, Medicare, increasing domestic energy production, reforming taxes, education and of course creating jobs. Romney twice cited that the National Federation of Independent Businesses (NFIB) said that Obama’s policies …
David Weidner in MarketWatch tells MHProNews that President Obama has made a bad situation worse with Dodd-Frank. “You don’t need to ask the fact checkers, however, to know the president did very little to rein in Wall Street. If anything, he made a bad situation worse.” Weidner stated that “Instead …
Weidner: Obama and Dodd-Frank made bad situation worse Read More
Datamonitor tells MHProNews that asset management firm Affiliated Managers Group (AMG) has reported a net income of $60.9 million, or $0.12 per diluted share, for the second quarter ended June 30, 2012, compared to $101 million, or $0.85 per diluted share, for the second quarter ended June 30, 2011. Revenue …
