In a story that periodically topped the Daily Business News headlines, the Fort McMurray wildfires in Alberta, Canada, forced the evacuation of 90,000 residents and destroyed ten percent of the city. In addition to the challenges presented by the fire itself, another concern was around the oil pipelines and production. …
Retrospect – Top Story Canadian Story, 2016 – Wildfires and Factory-Built Homes Read More
As President-elect Donald Trump moves closer to inauguration day, he is narrowing the list of candidates to fill critical roles at the Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA). Per National Mortgage News, sources familiar with the situation say that the Trump team is considering …
President-Elect Trump Narrows Choices for Key Housing Positions Read More
UMH Properties, Inc. (NYSE: UMH) has been busy in the week leading up to the Christmas holiday. UMH announced on December 19th that it has closed on its $4.33 million acquisition of a community in Ohio. The all-age community contains 124 developed homesites situated on approximately 121 acres with and occupancy …
UMH Properties Makes More Moves, Promotion Announced Read More
Noteworthy headlines on CNNMoney – U.S. manufacturing job openings at 2007 levels. Hyundai fires its U.S. CEO. Trump forms new trade council to stop “exodus of jobs.” Twitter executive exodus put pressure on Dorsey. Some bullets from MarketWatch – Fake day trading firm alleged to have pocketed $1.4 million. Ray …
For residents of the Kayadeross Acres Manufactured Home Cooperative in Ballston Spa, New York, Christmas came early this year. New York State Homes and Community Renewal (HCR), ROC USA and PathStone announced that thanks to a $3.4 million loan, homeowners in the 33-acre community were able to purchase the land …
NYS Homes and Community Renewal, ROC USA and Pathstone Deliver Christmas Cheer Read More
As the year draws to a close, the Consumer Finance Protection Bureau (CFPB) is taking action, and is also facing scrutiny. According to Mortgage Daily News, The CFPB has entered into a consent order with Moneytree to settle allegations that the company engaged in deceptive advertising, sent consumers deceptive collection letters, …
Noteworthy headlines on CNNMoney – Berlin Christmas market attack: ISIS claims responsibility. Russian “methbot” fraud steals $180M in ads. Orlando victims sue Facebook, Google, Twitter. GM cutting 1,300 jobs at only plant inside Detroit. Some bullets from MarketWatch – The next target for the S&P 500 is 2,350. More signs …
Skyline, Patrick Lead Manufactured Housing CV, Dow Closing in on 20,000 Read More
An O’Fallon, Illinois “mobile home” resident took a cold matter into their own hands. It didn’t end well. A resident’s effort to warm frozen pipes under his home resulted in a fire and smoke damage on December 18th. Per the Belleville News-Democrat, the home’s resident told officials that he was …
Blowtorching A ‘Mobile Home?’ Bad Idea, Says Official Read More
Drew Industries Incorporated (NYSE: DW) has announced that its Board of Directors has approved changing the Company’s corporate name to “LCI Industries.” Through its wholly owned subsidiary Lippert Components, Inc. (LCI) and its subsidiaries, Drew Industries supplies a broad array of components for the leading OEMs of recreational vehicles (RVs) …
Drew Industries Announces Big Change for Dec 30th, 2016 Read More
MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach has penned an open letter to newly appointed Department of Housing and Urban Development (HUD) Secretary, Dr. Ben Carson. “Let me begin by congratulating you and President-elect Donald J. Trump. By way of introduction, like you, my truly better half and I publicly supported Mr. …
Noteworthy headlines on CNNMoney – Trump’s big cabinet surprise. Minimum wage going up in 21 states, 22 cities. IMF head Christine Lagarde guilty of negligence. Half of U.S. workers aren’t using all their vacation days. Some bullets from MarketWatch – Treasury yields see largest daily drop since August as Russian …
AMG lone slider – Sky, UMH Lead Manufactured Housing CV, Broader Markets up too Read More
The Manufactured Housing Institute (MHI) has released a report, “Quick Facts Trends and Information About the Manufactured Housing Industry ” which includes key data and shows growth for the industry. The report cites that manufactured housing provides a practical, viable and affordable housing solution for residents across a wide range of …
Manufactured Housing Industry Statistics and Fast Facts Reports 2007-2015 Read More
Rep. Mark Meadows (R-NC), the newly appointed chair of the House Freedom Caucus, presented President-elect Donald Trump with a special report entitled “First 100 Days: Rules, Regulations and Executive Orders to Examine, Revoke and Issue,” during a meeting on December 15th. Per the popular conservative news site Breitbart, with more than …
Trump’s First 100 Days: House Freedom Caucus Plans, Some Could Impact Factory Builders Read More
As December rolls on, a new set of featured articles are found on the MHProNews’ home page. Our theme for this month is: DAAD = Dramatic! Advent! Adventure! December 2016! To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link …
“Way back in the 1940s, when Arizona’s population really took off, manufactured and mobile [sic] homes helped provide housing for new residents, and today there are still many developments of manufactured housing scattered throughout the state,” writes Rosie Romero, an Arizona based homebuilding and remodeling expert, in the Green Valley …
Repairing Your Manufactured or Modular Home – Facts, Myths and Clarity Read More
“The HUD Code has de facto become a discrimination code,” attorney Marty Lavin told MHProNews some months ago. Lavin – an award-winning expert with decades of manufactured home lending, communities and retailing experience – was pointing to incidents like the one in the Meyersdale Borough Council, near Somerset, Pennsylvania. The council …
Noteworthy headlines on CNNMoney – CEO who voted for Trump likes what he sees. Carrier neighbor shipping 300 jobs to Mexico. Boeing: 150,000 U.S. aviation jobs depend on China. Wells Fargo account openings dive 41 percent. Some bullets from MarketWatch – Stock gains evaporate after China seizes U.S. underwater drone. …
“In the business world, the rearview mirror is always clearer than the windshield.” – Warren Buffett. We begin our new, periodic Flashback Friday series with some pithy Rearview Mirror quotes and images, starting with the one above that the Sage of Omaha has long applied in discerning where to invest. Buffett is known …
Washington, D.C. – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that after review of the Federal Housing Finance Agency (FHFA) release of its final rule to implement the “Duty to Serve Underserved Markets” (DTS) provision of the Housing and Economic Recovery Act of 2008 (HERA), the organization sees …
MHARR: FHFA Final Duty to Serve Rule Continues to Fail Manufactured Home Buyers Read More
Noteworthy headlines on CNNMoney – Yahoo hack renews doubts about Verizon deal. Fox News’ Monica Crowley to join Trump administration. China clears key hurdle to buy Chicago Stock Exchange. Trump chief of staff Priebus: White House press briefings could be changed. Some bullets from MarketWatch – Dollar surges as Fed …
