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.
In the news from CNNMoney: Lilly stock nosedives 8% on cholesterol drug drop. Stephen Hawking says technology to blame in part for income inequality. Putin’s Syrian air strikes creates uncertainty in Middle East, raising oil prices. Poverty expert wins Nobel Prize in Economics. Ferrari sets $1 billion IPO. Iranian Court …
Nobility Falls Sharply; Many MH-related Stocks Slip Read More
Following a story MHProNews posted Oct. 6, 2015 regarding Greg Yutzy’s election as treasurer of the Kansas Manufactured Housing Association (KMHA), hutchnews reports Dave VanAsselt has been elected to the KMHA Board of Directors for 2015-2016. VanAsselt has been active in the manufactured housing industry over 30 years, and currently …
Following a continuing saga of Jeffrey L. Gendell unloading shares of Patrick Industries, Inc., as MHProNews reported Oct. 8, when he sold 19,200 shares earlier in the week, he has sold more, according to a filing with the Securities and Exchange Commission (SEC), as reported by dakotafinancialnews. Any transaction involving …
As the TRID (Truth in Lending Act, or TILA) and the Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure rules went into effect last week–also known as “Know Before you Owe”– mortgage industry groups continue to ask for a grace period of four months from enforcement actions and private lawsuits. …
Mortgage Industry Pushing for Four-month Grace Period from TRID Read More
What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More
From knoxnews MHProNews has learned Clayton Homes, of Maryville, TN has acquired Georgia-based Chafin Communities, a residential community developer and home builder for an undisclosed price, adding Clayton to the site-built industry. Keith Holdbrooks, president of the Clayton home building group, said, “It means that we are expanding our home …
Clayton Acquires Georgia-based Site-built Homebuilder Read More
Calling Equity LifeStyle Properties (NYSE:ELS) “Today’s Strong And Under The Radar Stock,” thestreet offers ten reasons why the stock is so strong, beginning with: “ELS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.8 million. ELS has traded 18.925399999999999778310666442848742008209228515625 options contracts today. …
Stock of Equity LifeStyle Properties gets Strong Buy Rating Read More
Writing in an Industry in Focus report, MHProNews publisher L. A. ‘Tony’ Kovach lines up various references and witnesses to call publicly upon CFED’s Doug Ryan to modify its opposition to the Preserving Access to Manufactured Housing Act (HR 650/S 682). Citing Barney Frank, Marty Lavin, research done by Jan …
Doug Ryan, CFED, HR 650/S 682 and Manufactured Home Lending Read More
CNNMoney tells MHProNews Millennials are finally coming up out of their parents’ basements and buying homes. The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah, …
Four of Top Ten Cities with Mortgages by Millennials are in Louisiana Read More
In the news from CNNMoney: Truck Drivers Earning $73k. Tensions in the Middle East driving oil above $50 a barrel. Americans are spending 80% of the $360 they are saving annually on gas. Despite affirmation to the contrary, drug that skyrocketed 5,000% has not been reduced. Israeli team set for …
The Western Manufactured Housing Communities Association (WMA) has notified MHProNews of a new California law that allows community owners to demolish abandoned MH as well as those acquired via a warehouse lien, a bill supported by the WMA. A warehouse lien is a charge for storage and preservation. The law …
At a meeting of the Dorchester County Council in Maryland, discussion focused on opting out of the state’s mandated sprinkler system requirement for new homes. The regulation also covers manufactured homes that relocate, and will need to be retro-fitted with sprinklers, according to what dorchesterbanner tells MHProNews. Adding sprinklers to …
Analysts at Sidoti and Citigroup rated Drew Industries, Inc. (NYSE:DW) a ”buy” as the stock gained +3.52 percent in trading, Thurs., Oct. 8, to close at $58.19. With a market cap of $1.42 billion and a P/E ratio of 20.919, Drew has a 1-year low of $41.63 and a 1-year …
Jeffrey Allen, 67, of Waterford, Maine passed away following a battle with cancer. He transported manufactured and modular homes for many of the New England producers, eventually starting his own company, Northern Home Transport, which he operated until he retired. He also worked for Cianbro, C. N. Brown and PK …
In the news from CNNMoney: Netflix raises standard monthly fee. Ben Carson wants guns in classrooms. First time unemployment claims fell 13,000 to 263,000. Median wealth for white families is $134,900, compared to $11,000 for black families, $13,900 for Hispanics. Volkswagen headquarters raided by German police. German exports fall, China …
UFPI Outperforms other MH Stocks; MHCV gains +1.54 percent Read More
MHProNews has learned from dakotafinancialnews that Jeffrey L. Gendell, a major shareholder of Patrick Industries, Inc. (NASDAQ:PATK), has unloaded yet another block of company stock, 19,200 shares, as disclosed in a required legal filing with the Securities and Exchange Commission, which noted the transaction occurred on Oct. 6. Sold at …
The Federal Emergency Management Agency (FEMA) has disbursed more than $4.5 million to victims of the Lake County, California Valley Fire that wiped out over 1,230 homes, as MHProNews reported Sept. 24, 2015, $3.2 million to pay for housing, according to record-bee. Of the 2,861 residents and businesses that have …
MHProNews has learned from dakotafinancialnews that investment analysts at Raymond James have upgraded Killam Properties (TSE:KMP) from an out-perform rating to a strong buy rating. Other comments on Killam include Dundee Securities upgrading Killam from a neutral rating to a buy rating, setting a C$11.50 price objective for the company …
Raymond James Upgrades Killam Properties to “Strong Buy” Read More
Later this month a developer will break ground on the old Walsenburg High School football field for 28 tiny modular homes, according to what Colorado Public Radio tells MHProNews. Walsenburg Mayor James Eccher played football there years ago and at first could not imagine anyone would want to live in …
Orange County Great Park in Irvine, California is this year’s site for the U. S. Department of Energy’s (DOE) biennial Solar Decathlon 2015 which begins Oct. 8 and runs for ten days. The “competition challenges collegiate teams to design, build, and operate solar-powered houses that are cost-effective, energy-efficient, and attractive. …
Solar Decathlon Competition opens in California, runs Oct. 8-Oct. 18, 2015 Read More
