Noteworthy headlines on CNNMoney – Get ready for $40 oil if OPEC deal collapses. Boeing tax package ruled illegal by WTO. Saudis believe Trump will unleash U.S. economy. These people are opting out of Obamacare. Some bullets from MarketWatch – Dow, S&P 500 end 4-day win streak as stocks pull …
Drew Industries Incorporated (NYSE: DW) announced that it has named Brian Hall as Chief Financial Officer, effective immediately. Hall has served as the Company’s interim CFO since September 26, 2016, replacing David M. Smith. “We are pleased that Brian has agreed to become our new CFO,” said Jason Lippert, Chief Executive Officer of Drew Industries. “His …
Drew Industries Names New CFO, Quarterly Dividend posted Read More
This month, we continue with our thought-provoking theme: Entrepreneurs November in MHVille 2016. That link will take you to all of the featured articles and interviews this month. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. What …
The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index was released on November 16th and remained unchanged at 63. The index is two points below September’s reading, which was the highest in nearly a year. Readings above 50 indicate that builders view sales conditions as good rather than poor. …
Noteworthy headlines on CNNMoney – Record-setting finish to holiday-shortened trading week. Dow, S&P 500 and Nasdaq at all-time highs. Trump store launches Black Friday sale. Wells Fargo tries to kill fake account lawsuit. Lufthansa forced to cancel 2,755 flights. Some bullets from MarketWatch – Biogen in promising but risky limelight …
NorthStar, Universal Forest Lead Manufactured Housing Comp Value, Market Record – Video Read More
Federal Reserve Chair Janet Yellen recently implied that an interest rate hike is just around the corner. “A rate hike could well become appropriate relatively soon if incoming data provide some further evidence of continued progress toward the committee’s objectives,” said Yellen in her testimony before Congress’ Joint Economic Committee recently. According to …
Supermarket giant Tesco, along with other chains, are exploring a bold new solution to the housing crisis… and offsetting their costs. Tesco and the other groups are in discussions with Apex Airspace, a property developer that specializes in buying the air rights above existing buildings and adding modular housing units …
Noteworthy headlines on CNNMoney – Why millions may now lose eligibility for overtime pay. Mortgage rates climb above 4% for first time this year. Ivanka Trump’s company: “Our mission is not political.” What about the black working class? Some bullets from MarketWatch – Caterpillar’s stock leads Dow gainers after peer …
Cavco, AMG Lead Manufactured Housing Comp, Another Dow Record Read More
The “Trump Victory [is] a boost for affordable housing and consumers,” says M. Mark Weiss, CEO of the Manufactured Housing Association for Regulatory Reform in a new article, linked below. “Many believe Donald Trump has the potential to go down in history as one of the most famous, or infamous, disruptors of all …
Even though the candidate that he backed lost the election, Warren Buffett has still made out in a major way. According to CNBC, the multi-billionaire chairman of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset on November 8th. Buffett has benefited particularly well from the …
Warren Buffett Billions Richer, Check His Huge Gains After Trump Win Read More
Noteworthy headlines on CNNMoney – Stunning! Dow hits new high of 19,000. Trump tells NYT it was “roughest of all” on him. Trump “seriously considering” Ben Carson for HUD. Boeing reorganizes into three parts. Some bullets from MarketWatch – Dow industrials take more than 480 trading days to go from …
Skyline, Drew lead MH Comp Value Charge, Dow Above 19,000 for First Time Ever Read More
Universal Forest Products Inc. (NASDAQ:UFPI) has announced its Q3 2016 earnings results, including record revenues. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ estimates of $1.35. UPFI earned a record $826.70 million during the quarter, with a net margin of 3.27 percent and a return …
Universal Forest Products Announces Earnings Results Read More
“Dodd-Frank was never meant to and never should have been applied to manufactured homes in manufactured home communities,” says Sam Landy, CEO of UMH Properties. “There is no mortgage and our residents are fully protected without Dodd-Frank.” Landy, an attorney who is leading the rapid growth of his firm, shared …
The Kentucky Economic Development Finance Authority (KEDFA) has awarded tax incentives to two businesses, including $20,000 for a $1.2 million operation that would utilize prefab to provide homes and light commercial buildings in five states. Blueframe Design + Build is the brainchild of James C. Burris Architects, and plans to …
Economic Development Authority Awards Tax Incentives to Prefab Builder Read More
Noteworthy headlines on CNNMoney – Top network execs, anchors meet with Trump. Feds “tightening straitjacket” around Wells Fargo. Chicago O’Hare airport workers to strike November 29th. The New York Times announces new general counsel. Some bullets from MarketWatch – Dow, S&P 500, Nasdaq surge to record highs. Oil at 3-week …
Manufactured Housing CV, Broader Markets Finish at Record High Read More
The Patch is a national network of news outlets, which includes the state of Florida. From the Lakeland, FL Patch is manufactured home industry related story, linked below. As Thousands Protest, an Industry Celebrates New Trump Administration Manufactured housing (MH) business and association leaders are quoted in the Patch article …
New data from the U.S. Census Bureau shows that new home construction increased significantly in October. Privately owned housing starts were up 25.5 percent for the month, beating the revised estimate of 1.05 to 1.32 million in September. The number is also up 23.3 percent when compared year on year. …
Triad Financial Services, Inc. (Triad) today announced loan origination data for the first 9 months of 2016. A total of 5,684 loans have been funded by Triad for the 9 months ending 9/30/16, a 35 percent increase over the same period in 2015. “I am very proud of the entire …
Triad Financial Services Announces Record Loan Origination Volume Read More
We continue with our thought-provoking theme for the month: Entrepreneurs November in MHVille 2016. That link will take you to all of the featured articles and interviews this month. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. …
The goal of the incoming Trump administration with regard to Dodd-Frank has been made clear. “To dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.” President-elect Donald Trump pledged throughout his campaign to get rid of what he called “stifling regulations.” According …
Dodd-Frank, CFPB Deep in Trump Administration Cross Hairs Read More
