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
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 …
Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor. The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year. A 17.0% …
Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells Fargo, the seven-year, fixed-rate loan could free Carlyle to further expand its efforts in the MH Community sector. Grace and colleague Matt Krasinski …
What’s New in public focused Manufactured HomeLivingNews.com Tiny Houses Owners face Big Legal Trouble? What’s New in Manufactured Housing Industry Professional News Financial Services Committee says Dodd-Frank is damaging. YES! Communities redistributes assets. Private enterprise ready to supply modular buildings to flooded LA. MHI, MHARR spar with DOE, as MHI …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 14-Aug. 21, 2016 Read More
While the White House continues to claim that regulations coming from Dodd-Frank are not having an negative effect on community banks, credit union leaders, community bankers and small business owners are saying quite the opposite, according to fsc.gop.press. A report from Bloomberg states mergers and acquisitions hit $18 billion last …
Financial Services Committee Slams Dodd-Frank as Damaging Read More
A new and used modular building supplier has low-cost private mobile shelter buildings ready for immediate delivery to Baton Rouge to help start the recovery process for those who have been displaced by the overwhelming flooding. Many of HSTL Modular buildings have been used as schools and administrative facilities and …
Private Enterprise Responds to Assisting Louisiana Flood Victims Read More
Pray’s Homes, longtime retailer of manufactured and modular homes in Belfast, Maine has changed hands as of July, 2016, according to waldo.soup. Charlie Pray, who bought the business in 2008 when the housing market was in a tailspin, managed to survive the Great Recession, and will stay on for a …
Schwab Charles Investment Management Inc. has upped its stake in manufactured home community (MHC) owner Equity LifeStyle Properties, Inc. (NYSE:ELS), buying 149,218 shares during the last quarter, increasing its holdings in ELS by 15.2%. The firm increased its investment by $25,243,000 to $90,756,000, as fidaily reports. Hedge Fund Cohen & …
Hedge Fund Investors Bustling over Equity LifeStyle Properties Read More
Santiago Villa manufactured home community was built in the 1960s as an affordable retirement community for those 55+ in Mountain View, Calif., long before the onset of Google, Microsoft and LinkedIn. Now, however, since management has allowed families to move in, senior residents see their community colonized by corporate employees. …
Manufactured Home Community Bordering Google Transforming into Tech Town Read More
“It’s the Fed’s conundrum,” said Diane Swonk, CEO of DS Economics, per CNBC. “The markets are pricing in easing infinity. If they raise rates, they could destabilize the markets. If they don’t raise rates, they’re feeding a bubble. It’s a hard place to be in,” she said. Barclays’ chief U.S. …
Drew, Manufactured Housing CompValue and Dow rises – Is Fed Easing to Infinity? Read More
Construction of a new manufactured home retailer location has begun in Leitchfield, Kentucky with the expectation of opening in 60 days if the weather holds. Exit 107 Homes is at exit 107 on the Wendell Ford Western Kentucky Parkway in the west central part of the state. Lauri and Jimmy …
New Manufactured Home Retailer Opening in Kentucky Read More
The Sicamous District Council in southeastern British Columbia, Canada, has voted to allow manufactured homes (MH) in a single-family residential zoned area, as eaglevalleynews informs MHProNews. Concerns of neighbors that their property would be devalued by these MH that do not require a foundation or crawl space failed to convince …
Canadian City Allows Manufactured Homes in Area Zoned Single-family Residential Read More
In insider trading at Patrick Industries, Inc. (NASDAQ:PATK), Capital Partners L. P. Tontine, Director sold $1,781,470 worth of company shares at an average price of $61.43 on August 12th, and now holds $75,647,298 of stock per an SEC filing on Aug. 16, according to fidaily. Director Walter E. Wells owns …
Insiders Busy Trading Patrick Industries as it Joins S&P SmallCap 600 Read More
Following a story MHProNews last posted Aug. 12, 2016 regarding an application for development of a 680-site manufactured home community, the Calcasieu (LA) Parish Police Jury Planning and Zoning Board voted 10-0 to deny the request to rezone the 215 acres from agricultural to manufactured home community (MHC). The full …
Calcasieu Parish Planning Committee Nixes MH Community Development Read More
REITs beat the S&P 500 and could return up to 13% in the next year, MarketWatch informed MHProNews. Housing starts rise to second-highest rate since recession. Meanwhile the Fed’s Dudley says September rate hike ‘is possible’ as the CPI remained unchanged in July. Daily results place stocks at a lower …
REITs beat S&P 500 with Promising Forecast for the Year Read More
California-based Investment Property Group Inc. (IPG) has presented new leases to residents of Meadow View Estates manufactured home community (MHC) in Medford, Oregon, according to mailtribune, as well as to residents in other MHCs it owns. Some of the residents are elderly and living on Social Security, and are concerned …
Residents of Oregon Manufactured Home Community Consider Long-term Leases Read More
MHProNews has learned from etfdailynews which exchange-traded funds (ETFs) would thrive under a Hillary Clinton presidency and which would starve, according to Barron‘s. Winners would include hospitals and managed-care facilities because of her intention to expand the Affordable Care Act (ACA), which could prod iShares Dow Jones US Health Care …
Stock Exchange Winners and Losers under a Clinton Presidency Read More
