Affordable housing options are becoming less plentiful around the country, but according to Urban Institute researchers, there are ways to sidestep what has become an outright crisis. The numbers surrounding the lack of affordable housing across the U.S. are staggering. In their map shown at the top left, light colored …
The Carlyle Group (CG) is reportedly one of the top 100 largest manufactured home community operators in the U.S.. Its big hedge fund business is said to be heading for the exit, according to SeekingAlpha and Bidness. Investopedia says that, “Carlyle Group (CG) is experiencing a period of both highs …
Bankers are nervous over the UK’s Brexit, says CNBC, and they’re jittery of the fallout of that event. Oil slides, reportedly over the strong dollar, but talk of a potential Clinton administration taxing fossil fuels even more is likely part of the mix. Gold is losing its luster with their …
The U.S. Census Bureau maintains a wide array of statistical information, and that data includes manufactured housing, as industry veterans and enthusiasts know. The following charts are the most recent stats available from those reports, and they cover the period 2014, 2015 and part of 2016. Please note that Part …
New Manufactured Home Industry Shipments 2014-2016 Statistical Report – Part II Read More
“It started last fall when we issued a permit to allow a manufactured home on a regular single-family lot,” said Ann Marie Townshend, director of Dover’s Planning and Community Development. “It got some people upset so we fixed the definition of single-family dwellings so that couldn’t happen again,” reported Mike …
U.S. stocks are adjusting to an expected Federal Reserve rate hike, MarketWatch reports. CNBC, which was panned for its GOP primary debate moderation in 2015, is now playing the role of cheerleader for Hillary Clinton’s presidential hopes, saying Wall Street expects her to win over Trump in November. Trump ally, …
Manufactured Housing CompValue slips, 3 Markets Rise, but Oil Retreats Read More
Investment management leader, Robert Robotti’s firm acquired 15,865 additional shares in Cavco Industries during the most recent quarter end according to SEC filings, reports TradeCalls. That places the firm’s total stake in the #2 producer of HUD Code manufactured homes at $18,886,291, or about 6.41% of Robotti’s portfolio. Other hedge …
Robert Robotti’s stake in Cavco Industries (CVCO) Grows, Stock hovers at 52 Week High Read More
The brakes are being tapped on stocks, as Fed Chair Janet Yellen has said that the odds of a rate hike have strengthened. Talk of negative rates, as well as two possible rate hikes this year are being floated. Oil, gold, the Dow and S&P 500 have all retreated, while …
Deer Valley Homebuilders Leaps, Dow Dips, MHCV Slips Read More
Most manufactured home communities are run by owners and professionals who care about their residents, the conditions at their location(s) as well as the look and safety of their property. But when a community operator runs their location like the proverbial “trailer park,” it’s bad for residents and impacts the …
Connected Community Owner “Should be Facing Criminal Charges” for conditions at the “park” Read More
The PostNews noted in a recent analysis that shares in Affiliated Managers Group Inc.(AMG) have “slid down for the past month, and that it may cause some worries to investors. But Consumer Eagle notes that zero of the ten analysts covering AMG recently has had a negative review, and 8 of the …
Treehouse Riga, an easily adaptable modular home, was designed by Appleton & Domingos. The Portuguese design firm created this particular version for modular homebuilder Jular. As factory built home industry professionals know, modular home construction has less waste, is greener, takes less time to build and typically offers significant savings …
The S&P 500 closed at its lowest level in two weeks. As news about struggles of insurers in ObamaCare exchanges continue and experience fallout, the health-care sector’s drag on U.S. stocks caused them to close at the lowest level since Aug.4. MarketWatch also reported that the U.S. Dollar is continuing …
Skyline Climbs Upwards – Manufactured Housing CompValue Drops, along with broader Markets Read More
The purported road-to-home ownership cloaked as “Rent to Own” is often found to be harmful and misleading, reports The New York Times. Although housing prices have recovered from the financial collapse of 2008, borrowers with less than stellar credit reports and those seeking to finance lower priced properties are left …
NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership Read More
During their Aug. 18 meeting, the Georgetown, SC city council members denied a request to rezone the West End to permit the addition of manufactured homes on more than 200 vacant lots. A petition signed by 150 residents asked to rezone that area from R5 to R3, to allow manufactured …
NIMBY strikes as council nixes manufactured housing use requested by over 100 residents Read More
CEO of Drew Industries, Inc., Jason Lippert sold 10,000 shares of the stock in a transaction Aug. 18, 2016 at an average price of $99.93 for a total value of $999,300.00, which leaves him with 145,485 shares of company stock valued at $14,538,316.05. Citigroup, Inc. raised their target price on …
Millions in Insider Trades at Drew and Patrick Industries Read More
The S&P 500 and Nasdaq close near records as housing data reports helped boost stocks. Treasury yields higher as investors wait for Fed Chair Yellen’s announcement on rates. MarketWatch also informs that the rise in new home sales fueled stocks to book modest gains. Daily Business News Market Tracker The Dow …
Skyline Leads, Housing Data and New Home Sales Push Stocks Read More
Gateway Lifestyle, an Australian-based holder of factory-built retirement home communities, is exploring partnering with U.S.-based Hometown America in a venture that could reshape Australia’s emerging manufactured housing market. The two firms may join forces for the pursuit of National Lifestyle Villages (NLV), Western Australia’s largest operator of ‘mobile home parks.’ …
Will Hometown America and Gateway ally to Increase Manufactured Home Community Holdings? Read More
MHProNews has learned that Chris Nortley, Managing Partner of MHRE Inc. that the Matrix portfolio that consisted of 7,253 sites closed on August 4, 2016. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home …
Chris Nortley, Enrico Scarda announce MHRE’s Close of Matrix MHC Portfolio Read More
MHProNews has learned from telegraph.co.uk that modular construction of homes in the United Kingdom (UK) may be key to hit their government’s target of constructing 200,000 homes per year to alleviate the severe housing shortage, and attain the one million mark by 2020. Last year only 142,890 homes were built …
From Factory Floor to Finished Flat: Modular Homes Seen as Key Housing Shortage Read More
Based in San Francisco, start-up Avava Systems designs tiny homes called Britespaces that can be built in four to six weeks. These are shipped flat-packed, and then they work with third-party construction crews to complete the build of the homes. This spring the company launched three models ranging in price …
