In the news from CNNMoney: Coinciding with climate change talks in Paris, Wall Street is backing away from lending to coal industry. U. S. manufacturing shrinks for first time in three years. Federal Reserve ends “too big to fail” lending to collapsing banks. Auto industry on track to post record …
Dow Gains 168 Points; Auto Industry Marking Record Sales Read More
At its annual conference, the Michigan Manufactured Housing Association (MMHA) bestowed honors on several members for their achievements in best promoting the factory-built industry to their clients, as marketwired informs MHProNews. For best community entrance, Sun Communities’ Camelot Villa in Macomb, MI recently upgraded their roads and playground. In the …
MHProNews has learned from portstephensexaminer that Gateway Lifestyles, already one of Australia’s largest manufactured home community owners, has acquired two of Port Stephens’ largest residential communities. Seawinds has over 110 homesites, and amenities include a pool, ping pong room, tennis court and snooker table, as well as a community room. …
Aussie Manufactured Home Community adds to Portfolio Read More
A pioneering social housing (low income) development commissioned by the Highland Council in Scotland has resulted in eight one bedroom modular apartments at Kendal Court, according to scottishhousingnews. The first of its kind in the country, the project was developed and designed by Inverness-based social housing company JNESpace and manufactured …
In the news from CNNMoney: Warren Buffett campaigning for Hillary Clinton. Bill Gates launches multi-billion dollar clean energy fund. Tickets for Kobe Bryant’s last game April 13 nearly tripled to $1,388.60 in four hours. Liberace’s car, candlebra intact, priced at $150,000. International Monetary Fund admits China to currency club. Paris …
Nobility Homes Plummets over Five Percent, most Other MH-related Stocks Quiet Read More
On the apartment rental scene, according to multifamilyexecutive, many have posited that there is an insatiable demand for rental units, with millions of Gen Y living at home yearning to break out, they do not want to own, and vacancy rates will continue to fall. Au contraire, says Ryan Severino, …
MHProNews has learned from indiancountrytodaymedianetwork that in five counties within the boundaries of American Indian reservations in South Dakota, where the Indian population comprises a large majority of residents, a higher percent of mortgage lending went to white people in 2014. A total of $3.3 million was loaned or invested. …
Manufactured Homes Generate Wampum on Tribal Lands Read More
In a document filed with the Securities and Exchange Commission (SEC), dakotafinancialnews reports Scott T. Mereness, president of Drew Industries, Inc., sold 3,700 shares of stock in a transaction dated Nov. 25 at an average price of $60.00 per share for a total net of $222,000.00. Mereness now owns 115,242 …
Drew’s President Draws $222k in Sale of Drew Stock Read More
What’s New in public focused Manufactured HomeLivingNews.com “It’s not a trailer, it’s a manufactured home!” Inside MH with Mary Johnson, Retired Nurse Getting More Manufactured Home Lending – Video Interview with MH Owner, Tom Fath What’s New in Manufactured Housing Industry Professional News MHARR slams HUD over monitoring contract. Australia …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 22-Nov. 29, 2015 Read More
As in many areas, finding affordable housing in Payson, Arizona is beginning to pose a looming crisis, even more so if the area gets a four-year university that will draw several thousand more residents, according to paysonroundup. Berkshire Hathaway real estate broker Cliff Potts stated housing for middle class workers, …
New Manufactured Homes on Drawing Board in Arizona City Read More
According to nasdaq, data released by the Census Bureau and the Department of Housing and Urban Development indicate sales of new, single-family homes rose 10.7 percent in October to a seasonally-adjusted annual rate (SAAR) of 495,000 units, up from September’s revised numbers of 447,000. The rate is a 4.9 percent …
In the news from CNNMoney: Gold prices fall to near six-year low. REI (recreational equipment) is giving employees Black Friday off. Americans will spend over $130 on self-gifting this year. Chinese executives sometimes disappear with no warning. Britain hikes taxes on investors to cool housing market. Meanwhile, the Yahoo Manufactured …
MHCV Continues Rising, as MH-related Stocks are Relatively Quiet Read More
With 24 manufactured home communities as part of its 63 property portfolio, Ingenia Communities Group is focusing on the Queensland region of Australia for its expansion efforts, as couriermail informs MHProNews. Ingenia CEO Simon Owen, in Brisbane attending a conference on retirement living, said with an ageing population he sees …
Aussie Manufactured Home Community Owner on the Hunt Read More
Following the continuing saga of the 400 modular homes being built for the homeless in Dublin, Ireland, which MHProNews last covered Nov. 24, 2015, the first 22 units set to be sited on Balbutcher Lane in Ballymun ignited a protest. The domonstrators allege the plan jeopardizes a plan by a …
Dublin Protesters Disrupt Modular Homes for Homeless Worksite Read More
Where so many see a loathing, fearful problem, Robert Rand, a Vietnam Vet with 20 years of military service, sees an opportunity. Writing in centralmaine, he states he doesn’t understand the rejection of Syrian refugees, especially by the Republicans, comparing it to turning back the boatload of 100s of Jewish …
Lower Immigration Barrier, Offer Syrian Refugees New Manufactured Homes Read More
Following a series of posts MHProNews has published regarding Jeffrey L Et Al Gendell’s unloading of Patrick Industries, Inc. (PATK) which we have documented since Nov., 2014, this major stockholder has now sold an additional 11,116 shares of Patrick. The shares were sold at an average price of $41.03 for …
In another inside trading transaction at Drew Industries, Inc. (NYSE:DW), Chief Administrative Officer Jamie Schnur sold 1,626 shares of company stock in a deal dated Tue., Nov 24, according to storminvestor. The shares were sold at an average price of $59.41 resulting in a transaction value of $96,600.66. On Nov. …
Quirky hotel chain Snoozebox, which provides pop-up hotel rooms for music festivals and sporting events within 24 hours, has inked a contract with Ealing Council in the United Kingdom to provide 44 modular homes for emergency housing, according to telegraph.co.uk. With the need for 250,000 new homes annually to ease …
Housing Shortage leads to Modular Homes Rising in England Read More
“The optimist doesn’t deny the reality of rain. The optimist just picks up an umbrella, and opens as needed.” – The Elk. Problem solving requires realistic, objective thoughts and a search for practical solutions. Thanksgiving is rightly a time of celebration. Right after turkey, family, friends and Black Friday door-busters, …
Although HUD Secretary Julian Castro praised the manufactured home industry for making affordable home ownership possible in a recent speech to the Manufactured Housing Institute (MHI), another part of the federal government, the Consumer Financial Protection Bureau (CFPB), restricts lending on manufactured homes valued at $20,000 or less. Some say …
Crucial Vote on MH Lending due in Congress by Dec. 11 Read More
