Data released by the Census Bureau and the Department of Housing and Urban Development (HUD) reveal sales of new, single-family homes rose 14.5 percent in 2015 to 501,000 units, the highest number since 2007, according to lbmjournal. In Dec. alone sales were up 10.4 percent over Nov. 2015 to a …
Residents of the Mallard Lake manufactured home community at Pontoon Beach, Illinois, near Alton, were forced from their homes by a flood. Upon their return, up to a week or more later, some were surprised to find eviction notices taped to their door for late payment, as advantagenews informs MHProNews. …
No Damage from Flood in IL Manufactured Home Community Read More
New data obtained by MHProNews from skylinenewspaper indicates existing residential property prices rose 8.9 percent over the last year in the greater Chicago area, while the median price of a single-family home spiked 11.6 percent, according to the Chicago Tribune. The average price of a single-family home rose to $217,700, …
In a Schedule 13G/A Disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned Wells Fargo & Company owns 6.3 percent of manufactured home community owner UMH Properties, Inc. The 1,697,525 shares of stock are valued at $16,126,488. UMH stock has a one-year low of $9.01 and a …
Wells Fargo has money in Manufactured Home Community Owner UMH Read More
MHProNews has learned from streetinsider that Lippert Components, Inc., the wholly-owned subsidiary of Drew Industries, Inc. (NYSE:DW) has acquired the pontoon furniture manufacturing business of Highwater Marine, LLC, which is a leading manufacturer of pontoon boats and other recreational marine craft. Both Drew and Highwater are situated in Elkhart, IN. …
In the news from CNNMoney: Commute to work on a one-wheeled scooter that travels on any surface. Federal Reserve says U. S. economy lost momentum at end of 2015. Primary care physicians are highest paid in Arkansas, lowest in Delaware. Coffee prices fall. Black drivers in Fla. are nearly twice …
Dow Continues its Volatility, most Tracked MH Stocks Fall Read More
In an attempt to maintain affordable housing for seniors, the Santa Clarita (Calif.) City Council voted to prevent senior-only manufactured home communities (MHCs) from converting to all-age communities. Council members unanimously approved an “urgency ordinance” that establishes a 45-day moratorium on such conversions, according to signalscv, while city officials continue …
City Prevents Senior MHCs from Converting to All Age Communities Read More
Dozens of comments from MHPros coast to coast came in within hours in response to an OpEd by publisher L. A. ‘Tony’ Kovach. Writing on the Masthead blog, Kovach outlined examples of errors and tensions within the Manufactured Housing Institute (MHI), which allegedly point back to the national association’s CEO …
Should the Manufactured Housing Institute’s CEO Richard ‘Dick’ Jennison resign? Read More
Updating a story MHProNews last posted Jan. 12, 2016 about the ongoing attempt at classifications and placement of manufactured/mobile homes by the Washington, Indiana City Council, the council sent the ordinance back to the plan commission for stronger language about where “Type III, what is typically found in mobile home …
Indiana City Still Trying to Regulate Manufactured Homes Read More
In the news from CNNMoney: Oprah loses 26 pounds, Weight Watchers stock soars. China stocks lose another six percent, as cries of U. S. recession get louder: Survey of economists reveal 18 percent chance of all-out recession. Disney sued for replacing American workers with foreigners. Kalashnikov AK-47s now made in …
Dow Continues its Volatility, most Tracked MH Stocks Active Read More
Missing the Thomson Reuters estimate by $0.01 earnings per share (EPS), Equity LifeStyle Properties, Inc. posted Q4, 2015 EPS of $0.74, earning $201.60 million for the quarter, as compared to analysts estimates of $189.09 million. Revenue increased 5.9 percent over the same quarter last year when ELS posted EPS of …
In a news release from prnewswire, the board of directors of Patrick Industries, Inc. (NASDAQ:PATK) has authorized a repurchase of up to $50 million of the company’s common stock over the next two years. Share buyback will be made on the open market or in private transactions. CEO Todd Cleveland …
According to wktv, Americans were back to building larger, more expensive homes in 2015, reports the National Association of Home Builders (NAHB). The average square footage of a new home rose 40 sq. ft. above 2014 to 2,700 sq. ft., adding the size of a large closet. Nearly half of …
Updating a story MHProNews last posted Jan. 8, 2016 regarding a modular home being sited in Cape Coral, Florida that is raising hackles from residents and Realtors who maintain the home is threatening property values, dozens of people attended a city council meeting to further protest the $200,000 home. While …
Cape Coral Carolers Chorus Criticism on Off-site Constructed Crib Read More
Following a story MHProNews posted Jan. 18, 2016 regarding a dispute between the owners of Pacific Skies Estates (PSE) manufactured home community (MHC) and the California Coastal Commission over the necessity of a permit for upgrading the community, the full commission is set to hold a public hearing April 13 …
Public Hearing Set for Pacific Skies Estates Upgrade Read More
In the news from CNNMoney: All day breakfast fills McDonald’s bottom line. San Francisco’s Yellow Cab files for bankruptcy. Iran wants to acquire 500 planes and resume flights to U. S. Shake Shack’s CEO continues to eat Chipotle’s burritos. Hong Kong has the least affordable housing in the world. Oil …
Deer Valley Plummets; Volatile Dow Falls 208 Points Read More
Cavco Industries, Inc. (NASDAQ:CVCO) is set to announce its earnings results for the most recent quarter on Wed., Jan. 27, 2016, with analysts expecting the company to announce $0.80 earnings per share (EPS), according to emqtv. The company last released its quarterly financials on Thurs., Oct. 29, 2015 reporting EPS …
The Crookston, Minn. Housing and Economic Development Authority has agreed to site a manufactured spec home in a housing development called Carmen Terrace. Red Lake Falls, MN-based Homark Homes will build the home in their 95,000 square foot facility and transport it to Crookston, according to information MHProNews has received …
What’s New in public focused Manufactured HomeLivingNews.com Reality Check – Living Better When Quality Living Costs Less Outside the Box: Inventing New Looks for Manufactured Homes What’s New in Manufactured Housing Industry Professional News Manufactured Housing Administrator Danner speaks at Louisville. What could slow retail sales mean for manufactured housing. …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 17 -Jan. 24, 2016 Read More
In the largest monthly increase the National Association of Realtors (NAR) has ever experienced, sales of existing homes spiked 14.7 percent in Dec., putting a shining finish on the end of the year with 5.26 million previously-owned homes sold in 2015, the best year since 6.48 million homes were sold …
