Noteworthy headlines on CNNMoney – GOP declares all-out war on Elizabeth Warren’s agency. Wells Fargo poised to wipe out CEO’s bonus. Mexican farmer’s daughter: NAFTA destroyed us. Anthem to appeal judge’s order blocking Cigna merger. Some bullets from Fox Business – Stocks hit record high after Trump says tax plan …
LCI Industries (NYSE: LCII), formerly Drew Industries, reported earnings for Q4 2016 and year-end today. Consolidated net sales in the fourth quarter of 2016 were $403 million, 21 percent higher than Q4 2015 net sales of $334 million. Net income was $26.3 million, or $1.05 per diluted share, for the …
The survey arm of insurance giant Legal & General believes it has the answer for bringing the mortgage market on board with prefab and modular home lending. “An industry-wide guarantee would help bring everyone to the market but, of course, their appetites will differ according to the requirements of their …
Legal and General Reveals Secret for Modular, Prefab Lending Read More
It appears that Americans saw the election of Donald Trump as good reason to be optimistic. According to Newsmax, confidence in the U.S. economy soared to record highs at the time President Donald Trump officially entered the White House, as optimism was higher in January than in any other month …
Economic Confidence Index Hits New High – the Trump Effect? Read More
Louisiana-Pacific Corporation (NYSE: LPX) reported results for the fourth quarter and year ending December 31, 2016 today. Total net sales for the fourth quarter totaled $550 million, 19 percent higher than the same quarter one year ago. Total net sales for the year were $2.2 billion, 18 percent higher than …
Noteworthy headlines on CNNMoney – Intel touts $7B factory investment in Trump meeting. U.S. stocks’ rate streak: 81 days without a 1 percent dive. Netflix wants to get into the toy business. Is Sears toast? Retailer’s stock hits all-time low. Some bullets from Fox Business – Dr. Alveda King: Sen. …
LPX, LCI, Manufactured Housing CV Rise, Broader Markets Mixed Read More
The U.K. based Swan Housing Association is set to open its new 75,000 square foot factory in the borough of Basildon, about 32 miles east of London. According to Inside Housing UK, the new facility is part of a larger plan by Swan to invest £100M ($124M USD) into regenerating …
A major blow was delivered to those who were working to defend the Consumer Financial Protection Bureau (CFPB) last week, when a federal appeals court denied their motions. According to Pay Before, the same three-judge panel of the U.S. Court of Appeals for the D.C. Circuit that determined the CFPB …
For the residents of Ba Mar Manufactured Home Community in Stony Point, New York, Superstorm Sandy is still fresh in their minds from the damage it inflicted in 2012. On January 26th, residents packed Stony Point Center to learn about what options would be available to them through the Governor’s …
MHC Residents Hear Proposal for Superstorm Sandy Relief Read More
Silverpoint Homes, a West Virginia-based company that specializes in the sale and construction of modular houses, is the new owner of the former Nationwide Homes of the Triad in Whitsett, North Carolina. According to Triad Business Journal, this is the second location for Silverpoint Homes in the state, with the …
Modular Builder Acquires Retailer, Misconceptions Corrected Read More
Noteworthy headlines on CNNMoney – U.S. airlines want Trump to take on Gulf rivals. U.S. autoworkers score record bonuses. Debate Night: Sanders vs. Cruz on CNN. GM sells 10M cars for first time thanks to China. Some bullets from Fox Business – U.S. Senate moves Jeff Sessions toward confirmation as …
Cavco Soars, Manufactured Housing CV, Broader Markets Rebound Read More
In Bismarck, North Dakota, affordable housing is of vital importance. And, according to the Bismarck Tribune, a group of manufactured home community owners are petitioning the city commission for the creation of a task force to keep manufactured home community living affordable. “These homes represent the most affordable unsubsidized …
For residents of the East End Mobile Home Park in Manassas, Virginia, hopes for an extension on an order to vacate are hanging in the balance. In a story that the Daily Business News has followed from the beginning, and through resident requests for a lifeline, Manassas city officials have …
A visit to a manufactured home community in Chapmanville, West Virginia, by the Logan County Health Department quickly turned into a crisis. Community landlord George Evans told residents of the Caroline Estates Mobile Home Park on January 29th that they needed to be out of the community by January 31st …
Bad Actor? MHC Residents Given 48 Hours Notice to Vacate Read More
Noteworthy headlines on CNNMoney – More than 111 million people watched Super Bowl LI. Trump gives America’s “poorest white town” hope. Why investors are very afraid of Marine Le Pen. Qatar Airways sets record for world’s longest flight. Some bullets from Fox Business – Trump talks immigration, NATO at MacDill …
Tricon, Sun Up, Manufactured Housing CV, Broader Markets Down Read More
Washington, D.C., February 6, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, per official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially again during December 2016. These just-released statistics indicate that HUD …
HUD Code Manufactured Home Production Continues Growth, December Report Read More
For manufactured home community residents in Dover Point, New Hampshire, Christmas came early. According to Co-Operative News, those residents created the Dover Point Cooperative, elected a board, and engaged the Resident Owned Communities team (ROC) at the New Hampshire Community Loan Fund (NHCLF) to guide them through the $3.125 million …
A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. What the Daily Business News spotlights …
“I think one of the challenges we have as an industry is that there is not enough positive news about manufactured housing to counter the negative.” – Darren Krolewski, Executive Vice President MHVillage/DataComp, in response to blog post by Manufactured Home Community sector maverick, Frank Rolfe. “As for Frank, he takes …
Frank Rolfe Blasts MHI for Poor Media Engagement, Industry Reactions Read More
The second full week of the Trump Administration came to an end on Friday, and brought with it the first jobs report under the new commander in chief. U.S. employers added the most workers in four months, while wage growth slowed slightly more than projected. According to CNSNews, the report …
