MHProNews has learned from fidaily that GW&K Investment Management LLC purchased 15,805 shares of common stock of manufactured home community owner, Sun Communities, Inc. (NYSE:SUI) for the quarter ending June 30, 2016, increasing its stake to 2.3 percent. According to the filing with the Securities and Exchange Commission (SEC), GW&K’s investment is now …
Mayor Jim Watts of Fort Meade, Florida was surprised when only one management firm responded to a request to operate the city’s manufactured home community, theLedger tells MHProNews. Newby Management was the only respondent. While the city has managed the 250-home site MHC over the years, city commissioners thought …
Newby Management considered for Fort Meade’s MH Community Read More
Marketwatch’s Joseph Adinolfi points out that as new highs are hit on the Dow, that investors have actually been selling for months. “Investors have pulled the equivalent of $133 billion from global equity funds so far this year, according to a weekly fund flows report from Bank of America Merrill …
Manufactured Housing Composite Value passes 1525, but Investors Keep selling Read More
While the negative equity rate is five times higher than it was in 2004, during the first quarter of this year 425,000 borrowers who were once underwater regained equity, according to what Black Knight Financial Services tells nationalmortgagenews, leaving just 2.8 million borrowers in negative equity. Black Knight’s Home Price …
425,000 more Underwater Borrowers now Floating again Read More
The Freeland (Penn.) Borough Council along with the Freeland Business and Development Authority voted in favor of a redevelopment project on Ridge St., which will involve demolishing three blighted properties and placing two $100,000 modular homes on the property. Town Solicitor Donald Karpowich, noting the desire to expand the tax …
In the news from CNNMoney: U. S. stocks hit new record high. Rising risks in auto loan industry—more delinquencies, falling used car values. Pokemon Go craze sends Nintendo stock soaring. Boeing to add 2,000 jobs in the U. K. Finance execs agree to recruit more women for executive jobs in …
NorthStar Realty Finance Tops Leaders again, Advancing +4.97%; Deer Valley Drops -11.75% Read More
While 287,000 jobs were added to the rolls in June, jobs for qualified for available construction workers continue to go begging, according to what yahoo!news reports from Ken Simonson, chief economist at The Associated General Contractors of America, who tells FOXBusiness there are available jobs. Simonson says following the housing …
Home Construction Industry Still Lacking Qualified Workers Read More
Named Retailer of the Year by the Manufactured Housing Institute for the Northeast/ Mid-Atlantic region in 2003 and 2013, Plattsburgh Housing Outlet in Plattsburgh, New York, in the northeast corner of the state, is hosting a home building seminar July 21. Topics at the seminar will include lending requirements, manufactured …
Retailer Offering Free Seminar on New MH and Modular Construction Read More
What’s New in public focused Manufactured HomeLivingNews.com Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality Double-Digit Manufactured Home Sales Growth, MHARR July 7 Report What’s New in Manufactured Housing Industry Professional News House defeats two amendments that would cripple proposed MH financing. Ohio county pursuing …
Sunday Morning Recap-Manufactured Housing Industry News July 3-July 10, 2016 Read More
MHProNews has learned the American Architectural Manufacturers Association (AAMA) announces that its Manufactured Housing Fenestration Certification Program has been accredited by the American National Standards Institute (ANSI), an accreditation which confirms the AAMA certification program licensees produce the highest quality products the industry has to offer. According to Rob Luter …
American National Standards Institute Approves MH Fenestration Program Read More
In the news from CNNMoney: Top 1% not as rich as they once were. Stocks respond positively to jobs report. Univision sues newly-expanded cable company Charter. The pound is worse off than Argentina’s peso. Cheap, off price gasoline band for engines. Wendy’s credit card hacker hit 1,000 restaurants. First U. …
NorthStar Realty Finance Tops Leaders, Advancing +4.84%; Dow Gains 250 Points Read More
In a colossal rebound from from May when only 11,000 jobs were added to the economy, June saw 287,000 added, according to what the Labor Department tells MHProNews through CNNMoney. Unemployment rose slightly in June from 4.7 percent to 4.9 percent, in fact a good sign that more people are …
The Manufactured Housing Institute (MHI) and the Indiana MH Association informs MHProNews that in the U. S. House of Representatives, two amendments to the Fiscal Year 2017 Financial Services Appropriations bill were defeated that would have stripped language from the bill that make necessary changes to the Dodd-Frank Act in …
House Reaffirms Support for MH by Defeating two Potentially Crippling Amendments Read More
In an examination of the relationship between single-family housing starts and builder confidence as derived from the National Association of Home Builders (NAHB) monthly survey, businessinsider stated the bullishness of builders may be ill-advised, as MHProNews has learned. Even though confidence rose to the highest level in June since January, …
Builder Confidence for Single-family Homes May be Stretched Read More
The city of Portland, Oregon has over 400 vacant homes on its eastside, “zombie homes”as portlandtribune calls them, some of which are nuisance-creating, others are just nuisances. Mayor Charlie Hales just returned from the conference of mayors in Indianapolis, and commentator John Schrag suggests the mayor take a page from …
Opinion: Non-profits to Buy Vulnerable MH Communities to Preserve Affordable Housing Read More
In the news from CNNMoney: Mega Millions jackpot pushed to $540 million, marking the seventh largest lottery jackpot in U. S. history. Poor jobs report Friday for June could indicate the economy hit the pause button. Wall Street’s biggest players show ongoing confidence in London as the leading international financial …
Nobility Homes gains +2.63 Percent, MHCV Moves Up +1.02 Percent Read More
According to what CoreLogic’s Home Price Index, home prices posted a year-over-year gain in May of 5.9 percent, and an increase over April, 2016 of 1.3 percent, above CoreLogic’s expectations of an 0.9 percent rise. CoreLogic Chief Economist Frank Nothaft said year-over-year home prices have risen by 5-6 percent for …
MHProNews has learned from finance.yahoo that manufactured home and recreational vehicle component supplier Patrick Industries, Inc. (NASDAQ:PATK) has completed the acquisition of Vacuplast, LLC, d/b/a LS Manufacturing, Inc., producer of thermoformed plastic components, primarily for the recreational vehicle industry. Founded in 2003, the company’s 12-months trailing revenue through May 2016 …
Patrick Completes Acquisition of Plastics Firm LS Mfg. Read More
In the news from CNNMoney: U. S. oil boom planning a 2017 comeback. Fox news chief Ailes sued for sexual harassment. Brexit provides cheap London vacations. U. K.’s pound falls to 31-year low. World Cup tickets pass $1,000. Cheap gas blamed for high number of traffic deaths. Chipotle exec charged …
Deer Valley Plummets -27.14%; Patrick Advances +3.04% Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that based on statistics released by the Department of Housing and Urban Development (HUD), the manufactured housing industry produced 6,780 homes in May, 2016, a 16.9 percent increase over the 5,798 homes produced in May, 2015. Total HUD Code production …
Manufactured Home Production Continues Double-digit Growth Read More
