Cavco Industries Inc. (NASDAQ:CVCO) remains on the radar of investors, with a number of them increasing their stake in the company. In their November 8th earnings report, Cavco delivered $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had a net …
Recent Investor Moves in Cavco Industries Examined Read More
Representative Garret Graves (R- LA) is not pleased with the Federal Emergency Management Agency (FEMA). “FEMA’s response to the catastrophic floods that damaged much of south Louisiana in August has been unacceptable and needs to be ‘Cajunized,’” Graves told the Press Club of Baton Rouge on December 12th. The term …
Cajunize! State Rep Says FEMA Response “Defines Common Sense” Read More
Perhaps no statement of support for modern manufactured housing is stronger than when someone connected with the industry buys a home for themselves, or their beloved family members. That’s the ‘heart’ of the story behind Paul Bradley, ROC USA president, purchasing a manufactured home for his mother, Lois Bradley. Bradley …
Paul Bradley – Mom and I Believe in Manufactured Homes! Read More
The Departments of Justice (DOJ) and Housing and Urban Development (HUD) released updated guidance on the application of the Federal Fair Housing Act (FHA) to state and local land use planning laws on December 12th. “The guidance is designed to help state and local governments better understand how to comply …
DOJ, HUD Update Existing Guidance Despite Calls for a Moratorium Read More
Noteworthy headlines on CNNMoney – Dow falls 119 points after Fed hikes interest rates and says 3 more increases are coming in 2017. Trump meets with top Silicon Valley execs. Japan opens door to $30B casino industry. Wells Fargo faces new trouble for its “living will.” Some bullets from MarketWatch …
Manufactured Housing CV Hit Hard, Broader Markets Down on Fed Rate Hike Read More
The Federal Housing Finance Agency (FHFA) finalized a rule on December 13th that creates a “duty to serve” for Fannie Mae and Freddie Mac. The action is aimed at having government-sponsored enterprises (GSEs) enter the market for manufactured home loans by creating a pilot program under which they receive credit …
FHFA Makes Major Move, Significant Impact Expected on MH Loans Read More
The Manufactured Housing Consensus Committee (MHCC) voted to recommend significant changes to a December 8, 2016 draft of the Department of Housing and Urban Development (HUD) “Interpretive Bulletin” (IB) on requirements for so-called “frost-free” and “frost-protected” foundations in areas with freezing climates. The action, by the full MHCC follows a …
MHCC Recommends Significant Changes to HUD Frost Free Foundation Bulletin Read More
Residents of a San Leandro, California manufactured home community are facing rent increases next month, but they may get assistance from city leaders through a proposed minor home repair program. According to the East Bay Times, the proposal was presented by San Leandro staff at the City Council meeting on …
City Weighs Repair Assistance Options for MH Community Residents Read More
Noteworthy headlines on CNNMoney – Trump stock rally shows no sign of slowing. Google moves closer to self-driving cars. Cuisinart recalls 8 million food processors. Ammo imports booming to keep up with gun sales. Some bullets from MarketWatch – Dow closes in on 20,000 as S&P 500, Nasdaq hit all-time …
Noteworthy headlines on CNNMoney – Trump calls fighter jet costs “out of control.” Bill Gates will lead new $1 billion clean energy fund. Wells Fargo scandal spreads to Prudential Insurance. JCPenney, Kohl’s, Macy’s and Sears sued over misleading prices. Some bullets from MarketWatch – Viacom stops exploring potential deal with …
Skyline and MHCV slides, Broader Markets Mixed, Dow Notches Another Record Close Read More
UMH Properties (NYSE: UMH) is seeing significant growth in Nashville, Tennessee and hopes to shed the “trailer park” perception around manufactured housing. Could positive publicity also be fueling a rise in stock prices for the Freehold, New Jersey based company? With the sharp rise in demand for housing, UMH wants …
UMH Draws Publicity, Stock Price Spikes…Coincidence? Read More
Tens of billions of dollars are at stake. That translates to millions of dollars that are routinely being spent in each of the local markets that manufactured housing industry companies and communities serve. Manufactured home professionals are aware of the ongoing issues that the industry faces. Many of them are …
Billions Involved in Mainstream Media and Public Officials Engagement Read More
As December rolls on, a new set of featured articles are found on the MHProNews.com 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 …
The Department of Housing and Urban Development (HUD) has been front and center over the last two weeks, as rumors swirled as to whether or not Dr. Ben Carson would take the role as HUD Secretary. The Daily Business News has reported on a variety of viewpoints and reactions from …
Noteworthy headlines on CNNMoney – U.S. stocks have best week since election, Dow and S&P 500 each gain 3% this week. Trump & Boeing: It’s all about China. 21st Century Fox buys Sky for $23 billion. Coca-Cola CEO stepping down. India’s cash crisis is ”a mammoth tragedy.” Some bullets from …
Equity Lifestyle Properties, Inc. (NYSE:ELS) saw Australia-based investment firm Revolution Capital Ltd. reduce its stake in the company by 5.84 percent in Q3. With the reduction, Revolution Capital still holds a sizable 1.01 million-share stake in ELS valued at $77.7 million. ELS has a current market cap of $6 billion, …
MH Communities Giant Equity LifeStyle Properties Investors, Stock Moves Read More
The Stuttgart, Arkansas City Council voted to table Ordinance 1943 during a December 6th meeting. While the feeling is that more clarity is needed, the stakes could be incredibly high. The Stuttgart Daily Leader reports that the proposed ordinance, recommended by the Stuttgart Planning Commission, would amend the code to …
City Council Tables Manufactured Home Ordinance, Industry Pro Speaks Out Read More
Noteworthy headlines on CNNMoney – Trump taps fast food CEO as Labor secretary. Former senator, astronaut John Glenn dies at 95. Sears and Kmart store closings and losses mount. NBC to shut down Breaking News service. Some bullets from MarketWatch – Oil climbs as traders brace for OPEC’s meeting with …
Manufactured Housing CV Up Again, Skyline, Broader Markets Continue 2016 Record Pace Read More
“Since the Dodd-Frank Wall Street Reform Act was enacted six years ago, members of Congress have attacked the law, including the Consumer Financial Protection Bureau (CFPB), tirelessly” states a letter from CFED sent this morning (see attachment download, near the end of this post, below). “…the next Congress and Administration …
CFED, Others Decry Possible Fate of the CFPB: What Will Trump Do? Read More
Killam Properties Inc. (TSE:KMP.UN) received a re-issue rating from TD Securities of “buy” in a research note published on December 1st. The firm currently has a C$15.00 price target on the stock. Other analysts have also issued reports recently: BMO Capital Markets increased their target price on the company from …
