In a huge story of interest for the MH industry, a federal appeals court declared that the U.S. Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The 110-page ruling, handed down by the U.S. Court of Appeals for the D.C. Circuit, the nation’s second most powerful court, stated that the …
Noteworthy headlines on CNNMoney – Comcast hit with FCC’s biggest cable fine ever. Nobody wants to host the Olympic games. Appeals court hits Consumer Financial Protection Bureau. Some bullets from MarketWatch – The stock market’s ugly nose dive. Oil prices pull back after IEA reports a jump in OPEC output. Alcoa …
Down Day for MHCV, Broader Markets – CFPB Unconstitutional Read More
Skyline Corporation (NYSE:SKY) has seen its stock price on the rise recently, hitting a 52-week high of $12.72 last month. Daily Business News readers will recall that we covered the rise of Skyline’s stock in a recent story, here. According to a story from equities, Skyline’s stock is up 278 …
Zacks Investment Research cut shares of Sun Communities Inc. (NYSE:SUI) from a “buy” to “hold” rating in a memo issued to investors on October 5th, according to The Cerbat Gem. As regular Daily Business News readers already know, Sun owns and operates 338 manufactured home and recreational vehicle communities located in …
Noteworthy headlines on CNNMoney – Buffett: “I’ve paid federal income tax every year since 1944.” Trump Taj Mahal closes its doors in Atlantic City. Samsung halts production of Galaxy Note 7. Second Clinton-Trump debate sees big ratings drop (DBN coverage here.) Some bullets from MarketWatch – U.S. stocks end higher as …
Patrick Industries Leads Strong Day for MHCV – Broad Markets Up on Oil News Read More
“As the moms and pops that built our mobile home parks age out, predatory, out-of-town corporate investors have been taking over.” – Measure V proponents “Once rent control is adopted, politicians will – by the tenants’ votes – be giving the landlord’s property to the tenants. It happens all the …
Noteworthy headlines on CNNMoney –Is Kroger going to buy Whole Foods? Plunging Pound is crushing retirement dreams. Florida coast battered by Matthew (see Daily Business News item here). India busts bogus call centers for posing as the IRS. Some bullets from MarketWatch – Consumer credit surges 8.5% in August. U.S. blames Russia for …
SUN & BRK buck drooping MH Comp Value, broader markets slip too Read More
Factory-built housing pros well know the growing need for affordable homes. Texas-based Arched Cabins is tapping the ‘tiny side’ of that niche, with do-it-yourself (DIY) models that can start under $10,000. Wide Open Country, Tiny House Living and Tiny House Talk are three of several thousand search results that come …
DIY Prefabricated “Arched Cabin” for Under $10K? Yes, but… Read More
Noteworthy headlines on CNNMoney – Hurricane Matthew may be costliest ever (see DBN coverage here.) Oil back above $50. Why the U.K. Pound is still crashing. Who’s worried about America’s $19 trillion dollar debt? Some bullets from MarketWatch- Gold sinks to 4-month low. Hurricane Matthew sends roof suppliers higher, insurance stocks …
Noteworthy headlines on CNNMoney – New rules crack down on prepaid cards. VP debate gets smaller audience than 2012, 2008 (DBN coverage here.) U.K. could force companies to list foreign workers. Ford chairman strikes back at Trump criticism. Some bullets from MarketWatch – Stocks up as energy, financial sectors rally. Airlines …
A recent article in the Seattle Times by Al Levine, former Deputy Executive Director of the Seattle Housing Authority, puts the spotlight on steel modular housing as a practical answer to help solve the challenge of housing the homeless. “I find it hard to comprehend that we can’t do a …
Cities Housing the Homeless – are Modular Homes an Answer? Read More
Noteworthy headlines on CNNMoney – 170,000 gas stoves recalled because of explosion risk. Credit card giants sued over chip readers. Biggest one-day drop for gold since 2013. Google unveils new smartphone. Some bullets from MarketWatch – Gold ends near post-Brexit vote low as dollar rallies. U.S. stocks retreat on specter of …
Skyline Up, MHCV beats Tumbling broader Markets and in banking, ATM Fees Record High Read More
On October 3, 2016, the Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016. The company’s annual dividend rate …
UMH Properties, Inc. Declares Common and Preferred Dividends Read More
Equity Lifestyle Properties, Inc. (NYSE:ELS) stock was down 1.74% on September 30th, hitting a price of $77.18, which has raised concerns for some traders who wonder – is part of a new pattern? According to the Press Telegraph, analysts expect earnings of $0.83 per share, which would be an increase …
ELS Shares Down, Bank of Montreal Acquires New Stake Read More
Sydney architect Alex Symes believes that he has the answer to combat Australia’s housing shortage and sustainability and housing shortage issues. Symes, founder of Big World Homes, describes his concept as IKEA on steroids. He says that a drill, hammer and wrench are all that’s needed to put together the …
Ikea Style “Flat-Pack” Homes – the Answer to Australia’s Housing Shortage? Read More
Eric Dean is out to help solve the worldwide housing shortage, one factory-crafted home at a time, reports ProSales Magazine’s Gary Thill. “A house is a very simple thing, but every time we build a house we seem to reinvent the wheel,” Dean told the audience at the FEA 2016 …
Fab or fad? Innovative PreFab Homes could Disrupt Building Trades, Solve Shortages Read More
Noteworthy headlines on CNNMoney – Clinton slams Wells Fargo for “bullying” workers. What to expect at Google’s big event. Some bullets from MarketWatch – Disney remains center of merger talk… this time it’s Netflix. Two Fed GDP trackers show economic growth wilting. Trump Foundation ordered to stop fundraising in New York. …
Patrick and LP lead, IL Yanking Billions from Wells Fargo, Markets Dip Read More
The Manufactured Housing Institute (MHI) informs MHProNews that they have elected a new board of directors at its annual luncheon on September 26th. Members voted and approved the following officers for 2017: Chairman: Tim Williams, CEO of 21st Century Mortgage Corporation Vice Chairman: Joe Stegmayer, Chairman and CEO of Cavco …
MHI announces their new Executive Committee board members, Award Winners Read More
Scientific public polling demonstrates that the clear majority of Democrats and progressive voters favor Hillary Clinton for president. Similarly, the vast majority of Republicans, self-identified conservatives and evangelicals favor Donald Trump. According to a Fox News poll released on Friday evening, if the election were held that day, either major-party …
Fox – If Election today, Florida Decides it, NYT – Trump Tax Release – Analysis Read More
Commercial real estate company NorthStar Realty Finance Corp (NYSE: NRF) recently received an average rating of “Hold” from a handful of analysts that are covering the firm, reports Baseball News Source’s James Conley. Among the six analysts, two rated NorthStar’s stock a “buy” and the four issued a “hold” recommendation. …
NorthStar Realty Finance’s target price and investor moves Read More
