Noteworthy headlines on CNNMoney – Treasury pick Mnuchin faces committee vote. Starbucks unveils chatbot app for ordering. What is ExxonMobil doing in Iraq? Why NY’s “tuition-free” colleges will still cost $14k. Some bullets from Fox Business – Trump to add CIA Director to National Security Council. Does Verizon want to buy …
AMG Soars, Manufactured Housing CV, Broader Markets Down Read More
Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) tells MHProNews that the company has closed on two Canadian acquisitions worth $26.2 million, including 153 apartment units in London, Ontario, and 66 units in Calgary, Alberta. On December 22, Killam acquired a five building portfolio in London for $13.4 …
Affiliated Managers Group, Inc. (NYSE: AMG) reported its results for the fourth quarter and full year 2016 today. For the fourth quarter of 2016, diluted earnings per share (EPS) were $2.67, compared to $2.67 for the same period of 2015; net income was $150.2 million, compared to $147.5 million …
As populations around the world continue to grow, a recurring theme is the need for housing. More directly, many nations have declared a “housing crisis” and are looking for solutions. One of the nations where the need is most pronounced is the U.K., where a report by Cast CEO Mark …
Prefab and Modular Front and Center in Solving Housing Crisis Read More
As we wrap up the month of January, our featured articles are found on the MHProNews.com home page. Our theme for this month is: Jiu Jitsu January in Manufactured Homeland, USA. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click …
“The manufactured homes chattel lending market poses challenges and risks for the enterprises” – FHFA statement in its request for comments on the Government Sponsored Enterprises (GSEs) Duty to Serve Manufactured Housing. “This is a great opportunity for consumers of affordable housing to have additional lending options…” – Cody …
“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending Read More
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray has finally spoken in the wake of President Trump’s inauguration, per the LA Times. And he’s not pulling any punches. “The new administration really shouldn’t change the job at all,” said Cordray at a forum held by the Wall Street Journal. …
In Sumter County, Florida, the County Commission approved rezoning 26 acres in rural Wildwood to allow development of a 110-unit subdivision with manufactured homes or townhouses. And some of the residents were not pleased. According to Villages News, in an attempted case of NIMBY (Not-In-My-Back-Yard), a survey of nearby residents …
Noteworthy headlines on CNNMoney – CEO who backs Trump: People must be realistic. Starbucks still has a problem with long lines. Wells Fargo complaint website has vanished. Apple patents a vaporizer. Some bullets from Fox Business – After sharp 4Q slowdown, are Trump’s policies the prescription America needs? Why Keystone …
LCI, NorthStar Gain, Manufactured Housing CV, Broader Markets Dip Read More
UMH Properties (NYSE: UMH) celebrated its 50th anniversary at the New York Stock Exchange last week, including ringing the closing bell. At the same time, a Nashville publication that had previously offered the company praise was telling a very different story. According to the Tennessean, residents at UMH owned properties …
North of Calgary, Alberta, Canada, the Town Administration of Sylvan Lake was looking for clarification from the town council on recent changes to a land use bylaw for manufactured and modular homes. And it received a very interesting answer. It appears the bylaw is designed to stop manufactured or …
Does New Bylaw Discriminate Against Manufactured Homes? Read More
North of the border, in Mayerthorpe, Alberta, Canada, in what appears to be another case of NIMBY (Not-In-My-Back-Yard), a housing developer is not pleased about a planned manufactured home community. According to the Mayerthorpe Freelancer, local housing developer Tim Rosadiuk criticized Mayerthorpe’s new manufactured housing subdivision and said there is a lack …
Local Developer Says MH Community Hurts Property Value Read More
Noteworthy headlines on CNNMoney – Auto CEOs: Trump is good for the industry. Trump on Dow 20k: “Now we have to go up, up, up.” Chinese giant buys MoneyGram. Warrant issued for fallen Brazilian billionaire. Some bullets from Fox Business – President Trump: Our infrastructure is in serious trouble. Alibaba’s …
Nobility, Carlyle, Dow Up, Manufactured Housing CV Dips Read More
Rough weather in the central valley of California caused a major gas service outage for residents at the Morehead Park community in Tracy on Monday. Per the Tracy Press, a storm caused a 60-foot-high tree to fall, dragging a gas main line out of the ground with the roots. For …
Storms, High Winds Leave 100 MH Homes Without Heat Read More
Aaron Homes informs MHProNews that long-time Manufactured Housing Association of Maine member and former Aaron Homes President Edward J. Wall of Lisbon, Maine passed away January 15th at age 75 after a lingering illness. In addition to his 47 years at Aaron Homes, Wall also owned and operated Worumbo Estates, later adding Worumbo …
Continuing today, the Daily Business News manufactured housing industry connected market report on MHProNews will add and tweak some features, in an ongoing effort to provide ever more useful and balanced information to readers. “We Provide, You Decide.” © Noteworthy headlines on CNNMoney – Boom: Dow hits 20,000 for first time …
Dow Hits 20k Mark, Cavco, LCI, Manufactured Housing CV Up, New Records for S&P, NASDAQ Read More
Mortgages are a complicated thing. Between bad loan quotes, potentially having to commit in advance of information verification, and “Lock Abuse,” which is a lock price that is above the lender’s posted price at the time of commitment, the home loan market is prime for a change. Jack Guttentag, also …
A Solution for the Dysfunctional Home Loan Market? Read More
In a case that dates back to 2014, Williams County, North Dakota officials have re-instituted a $1.2 million fine against Western Petroleum LLC and its parent company, Pilot Thomas Logistics. According to the Williston Herald, the fine is a result of failing to pay fees and comply with zoning regulations …
County Levies Stiff Fine in Dakota, as Trump Primes XL Pipeline Read More
A company in China claims to have taken 3D printed homes to a whole new level. According to Inhabitat, Beijing-based HuaShang Tengda printed a two-story villa that checks in at 4,305 square feet. And they say it’s durable enough to withstand an earthquake measuring 8.0 on the Richter scale. “[This technology] will have immeasurable …
3D Printed Home Can Withstand Magnitude 8 Earthquake Read More
Data from the National Association of Realtors (NAR) shows that home sales continued their growth in December, as more buyers reached the market before the end of the year. The delayed closings resulting from the rollout of the “Know Before You Owe” initiative pushed a portion of November’s would-be transactions …
U.S. Existing Homes Sales Rise in December, MH Industry Response Read More
