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.
Dozens of comments from MHPros coast to coast came in within hours in response to an OpEd by publisher L. A. ‘Tony’ Kovach. Writing on the Masthead blog, Kovach outlined examples of errors and tensions within the Manufactured Housing Institute (MHI), which allegedly point back to the national association’s CEO …
Should the Manufactured Housing Institute’s CEO Richard ‘Dick’ Jennison resign? Read More
Updating a story MHProNews last posted Jan. 12, 2016 about the ongoing attempt at classifications and placement of manufactured/mobile homes by the Washington, Indiana City Council, the council sent the ordinance back to the plan commission for stronger language about where “Type III, what is typically found in mobile home …
Indiana City Still Trying to Regulate Manufactured Homes Read More
In the news from CNNMoney: Oprah loses 26 pounds, Weight Watchers stock soars. China stocks lose another six percent, as cries of U. S. recession get louder: Survey of economists reveal 18 percent chance of all-out recession. Disney sued for replacing American workers with foreigners. Kalashnikov AK-47s now made in …
Dow Continues its Volatility, most Tracked MH Stocks Active Read More
Missing the Thomson Reuters estimate by $0.01 earnings per share (EPS), Equity LifeStyle Properties, Inc. posted Q4, 2015 EPS of $0.74, earning $201.60 million for the quarter, as compared to analysts estimates of $189.09 million. Revenue increased 5.9 percent over the same quarter last year when ELS posted EPS of …
In a news release from prnewswire, the board of directors of Patrick Industries, Inc. (NASDAQ:PATK) has authorized a repurchase of up to $50 million of the company’s common stock over the next two years. Share buyback will be made on the open market or in private transactions. CEO Todd Cleveland …
According to wktv, Americans were back to building larger, more expensive homes in 2015, reports the National Association of Home Builders (NAHB). The average square footage of a new home rose 40 sq. ft. above 2014 to 2,700 sq. ft., adding the size of a large closet. Nearly half of …
Following another chapter in the attempt by the Dublin, Ireland City Council to site up to 500 modular homes to house the homeless, as MHProNews last reported Jan. 18, 2016, Pinewood Residents and the Balbriggan Community Council (BCC), where the first 22 homes were to be sited, have vowed to …
Opposition Mounts against Modulars for Dublin’s Homeless Read More
Updating a story MHProNews last posted Jan. 8, 2016 regarding a modular home being sited in Cape Coral, Florida that is raising hackles from residents and Realtors who maintain the home is threatening property values, dozens of people attended a city council meeting to further protest the $200,000 home. While …
Cape Coral Carolers Chorus Criticism on Off-site Constructed Crib Read More
Following a story MHProNews posted Jan. 18, 2016 regarding a dispute between the owners of Pacific Skies Estates (PSE) manufactured home community (MHC) and the California Coastal Commission over the necessity of a permit for upgrading the community, the full commission is set to hold a public hearing April 13 …
Public Hearing Set for Pacific Skies Estates Upgrade Read More
In the news from CNNMoney: All day breakfast fills McDonald’s bottom line. San Francisco’s Yellow Cab files for bankruptcy. Iran wants to acquire 500 planes and resume flights to U. S. Shake Shack’s CEO continues to eat Chipotle’s burritos. Hong Kong has the least affordable housing in the world. Oil …
Deer Valley Plummets; Volatile Dow Falls 208 Points Read More
Cavco Industries, Inc. (NASDAQ:CVCO) is set to announce its earnings results for the most recent quarter on Wed., Jan. 27, 2016, with analysts expecting the company to announce $0.80 earnings per share (EPS), according to emqtv. The company last released its quarterly financials on Thurs., Oct. 29, 2015 reporting EPS …
MHProNews has been informed by redrocknews that the city of Sedona, Arizona, will receive $309,000 in federal Community Development Block Grant (CDBG) funds for a citywide housing rehabilitation program. The funds are aimed at helping moderate-to-low-income homeowners make needed health and safety upgrades to their homes. Manufactured homes are included …
Block Grant Funds available for Manufactured Home Repair Read More
What’s New in public focused Manufactured HomeLivingNews.com Reality Check – Living Better When Quality Living Costs Less Outside the Box: Inventing New Looks for Manufactured Homes What’s New in Manufactured Housing Industry Professional News Manufactured Housing Administrator Danner speaks at Louisville. What could slow retail sales mean for manufactured housing. …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 17 -Jan. 24, 2016 Read More
In the largest monthly increase the National Association of Realtors (NAR) has ever experienced, sales of existing homes spiked 14.7 percent in Dec., putting a shining finish on the end of the year with 5.26 million previously-owned homes sold in 2015, the best year since 6.48 million homes were sold …
According to cnnmoney, UMH Properties, Inc. (NYSE:UMH) reports the board of directors has declared a quarterly dividend on the company’s common stock of $0.18 per share payable March 15, 2016 to shareholders of record as of Feb. 16, 2016. In addition, the board declared a quarterly dividend of $0.515625 per …
UMH Declares Dividends on Preferred and Common Stocks Read More
Following a story MHProNews last reported on Nov. 23, 2015 regarding temporary manufactured homes (MH) for survivors of the wildfires in Northern California, uniondemocrat reports 22 MH are set up in Calaveras County and ten are occupied. Federal Emergency Management Agency (FEMA) spokesman Victor Inge said 12 have been sited …
Manufactured Homes Rolling in for Wildfire Survivors Read More
In the news from CNNMoney: Mexican peso drops to lowest value ever versus the dollar. Barclays employs 51 % women, 49 % men. AmEx stock down 20% this year, nearly 25% last year. Oil spikes 23% in two days to $32/bbl, spurring the stock market, while oil company defaults are …
Carlyle Posts Largest Advance; Dow Moves back above 16k Read More
Pamela Beck Danner, Administrator for the Office of Manufactured Housing at the Department of Housing and Urban Development, addressed attendees at the Louisville Manufactured Housing Show. Danner previous experience includes service as an attorney with the Office of HUD’s General Counsel. In 1982 she was appointed Director of the Office of …
HUD’s Manufactured Housing Head Danner Speaks in Louisville Read More
For the second time in two years, owners of the Bon Ayre manufactured home community (MHC) in Smyrna, Delaware have violated the state’s Rent Justification Act by raising rents beyond the federal consumer price index, without giving a valid reason for the above average increase. Kent County Superior Court Judge …
Manufactured Home Community Owner Challenges Rent Control Read More
The National Association of Home Builders (NAHB) reports housing starts fell 2.5 percent in Dec., 2015 to a seasonally-adjusted annual rate (SAAR) of 1.15 million homes, following an upswing in Nov. of 10.1 percent, according to charlotteobserver. Over the year, housing starts had their best showing since 2007, advancing 10.8 …
Dec. Housing Starts, Permits Fall, but Up for 2015 Read More
