News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
The American Action Forum (AAF) has determined there has been a 20.5 percent drop in community banks with assets under $1 billion dollar in assets since Dodd-Frank became law five + years ago, according to data supplied MHProNews by the Federal Deposit Insurance Corp (FDIC). That is a substantial increase …
Following a story MHProNews published Jan. 25, 2016 regarding the siting of a spec home in Crookston, Minnesota by Homark Homes, the Crookston City Council has, at least temporarily, pulled the plug on the proposal. As the grandforksherald reported, the Crookston Housing and Economic Development Authority had earlier approved the …
What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with Don Glisson, Jr. of Triad Financial Services. Another media attack on manufactured housing? Residents of Florida city opposes modular homes. HUD sets up more …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 Read More
A number of informed sources are telling MHProNews that the Seattle Times is about to launch their next story targeting Berkshire Hathaway companies and through them, the manufactured housing industry. According to the most recent of these sources, their next story on manufactured housing could be published “any day now.” …
Next Negative Media Freight Train is Coming towards Manufactured Housing Read More
The 4,000 home site Country Squire Lakes (CSL) subdivision in Jennings County, Indiana is a mix of manufactured homes, site-built homes and campsites, with a series of different owners of the properties, as MHProNews has learned from therepublic. The subdivision has been going downhill for a number of years, and …
Seattle opened its Tiny Home village for homeless people with 14 homes, each 96 square feet with heat, electricity and insulation, as globalnews.ca informs MHProNews.. Communal washrooms and showers provide running water, and the homes are sited on donated church land. Each home cost $2,200, donated funds, and residents pay …
In the news from CNNMoney: Port workers in New York and New Jersey go on strike. U. S. exporting crude oil for first time 40 years. Mortgage rates continue to fall. Stanford and Harvard each received $1 billion in donations in 2015. 56 percent of Americans think their kids will …
MHProNews has learned from analystratingreport that Cavco Industries, Inc., reported $0.89 earnings per share (EPS) for its third quarter fiscal year 2016, beating the analyst consensus by $0.09 EPS. The company’s revenue of $181.40 million for the quarter also beat analysts estimates of $174.10 million. Compared to the same quarter …
Following a storyline MHProNews has posted several times, the last being Jan. 25, 2016 regarding opposition to modular homes in Cape Coral Fla., the developer says changes are coming to make the homes fit in better with the neighborhood. Beginning in Feb., garages will be attached to homes, breezeways will …
Cape Coral Contenders Continue Criticizing Modulars at City Council Read More
Thirty-three years before Harlan Dirks and his son, Dave, bought the Arrowhead Mobile Home Park in 1992 in Toledo, a town of nearly 2,300 pop. in central Iowa, Harlan opened the Dirks Real Estate office in town. Fifty-seven years later, the Dirks Real Estate banner still flies, representing residential, business, …
The Dirks Tripled the Size of their Manufactured Home Community Read More
Moses Lake, in east central Washington state, is in the process of complying with a 2004 state law that requires cities allow manufactured homes (MH) in the same neighborhoods as stick-built homes, according to what ifiberone tells MHProNews. While the city had prevented MH from being sited in single-family residential …
Manufactured Homes can be Sited in any Single-family Residential Area Read More
In the news from CNNMoney: Morgan Stanley says there is a 20 percent chance of a recession in 2016. Warren Buffett to appear on Celebrity Apprentice. Due to the oil crunch, Azerbaijan may need an international bailout. Wages fell in 80 of the country’s largest 100 cities during the recent …
Dow Continues its Volatility, while MH Stocks Remain Relatively Quiet Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Manufactured Housing Consensus Committee (MHCC), meeting in Louisville during the Louisville Manufactured Housing Show, discussed the fact that HUD, in further non-compliance with the Manufactured Housing Improvement Act of 2000, wants to increase unnecessary and excessive regulation that …
Data released by the Census Bureau and the Department of Housing and Urban Development (HUD) reveal sales of new, single-family homes rose 14.5 percent in 2015 to 501,000 units, the highest number since 2007, according to lbmjournal. In Dec. alone sales were up 10.4 percent over Nov. 2015 to a …
Residents of the Mallard Lake manufactured home community at Pontoon Beach, Illinois, near Alton, were forced from their homes by a flood. Upon their return, up to a week or more later, some were surprised to find eviction notices taped to their door for late payment, as advantagenews informs MHProNews. …
No Damage from Flood in IL Manufactured Home Community Read More
New data obtained by MHProNews from skylinenewspaper indicates existing residential property prices rose 8.9 percent over the last year in the greater Chicago area, while the median price of a single-family home spiked 11.6 percent, according to the Chicago Tribune. The average price of a single-family home rose to $217,700, …
In a Schedule 13G/A Disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned Wells Fargo & Company owns 6.3 percent of manufactured home community owner UMH Properties, Inc. The 1,697,525 shares of stock are valued at $16,126,488. UMH stock has a one-year low of $9.01 and a …
Wells Fargo has money in Manufactured Home Community Owner UMH Read More
MHProNews has learned from streetinsider that Lippert Components, Inc., the wholly-owned subsidiary of Drew Industries, Inc. (NYSE:DW) has acquired the pontoon furniture manufacturing business of Highwater Marine, LLC, which is a leading manufacturer of pontoon boats and other recreational marine craft. Both Drew and Highwater are situated in Elkhart, IN. …
In the news from CNNMoney: Commute to work on a one-wheeled scooter that travels on any surface. Federal Reserve says U. S. economy lost momentum at end of 2015. Primary care physicians are highest paid in Arkansas, lowest in Delaware. Coffee prices fall. Black drivers in Fla. are nearly twice …
Dow Continues its Volatility, most Tracked MH Stocks Fall Read More
An ordinance mandating brick foundations under manufactured homes that was passed in 2001 in Caswell County, South Carolina is being reexamined by the Caswell County Board of Commissioners who are considering adding other options to keep costs down for MH residents. Opponents to the change like the aesthetic uniformity of …
Commissioners Suggest optional Underpinnings for Manufactured Homes Read More
