The Renton, Washington city council passed an emergency ordinance last night that prohibits property owners and managers from discriminating against current or potential tenants based on their participation in the Section 8 program. The vote was unanimous and the ordinance takes effect immediately. “When a group of tenants who participate …
Ordinance Preventing Section 8 Discrimination Passes Read More
Noteworthy headlines on CNNMoney – Wall Street welcomes Trump with a bang. Tech founders want California to secede. Market for legal pot could pass $20 billion. Wall Street traders boo Hillary Clinton; chant “Lock her up!” Some bullets from MarketWatch – Dow pivots more than 250 points higher after Trump presidential win. …
Skyline spikes, leads MHCV as Dow Swings 1000 Points On Trump Victory Read More
TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN). TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00. Scotiabank also restated their “perform” rating on Killam in a report …
TD Securities, Scotiabank Restate Positive Ratings for Killam Properties Read More
Noteworthy headlines on CNNMoney – Will Elizabeth Warren gain more clout? Warren Buffett shuttles voters to polls on Omaha trolley. Brexit blows $31 billion hole in British budget. Hertz falls off a cliff after cutting its forecast. Some bullets from MarketWatch – CVS is about to lose more than 40 …
Sun Communities, Universal Forest Products Up, MHCV Down, Broader Markets Steady Read More
Residents of the Melrose Mobile Home Park will have to move. According to TWC News, city leaders in Wilmington, North Carolina are moving forward with a plan to rezone parts of Wrightsville Avenue. Officials said the zoning became necessary due to continuous population growth. The city plans to designate the …
Noteworthy headlines on CNNMoney – Dow soars over 350 points. Iran nears first western energy deal since sanctions. Tesco Bank: cash stolen from 20,000 accounts. Legal weed: tax jackpot or pipe dream? Some bullets from MarketWatch – Pennsylvania Senate race is most expensive in history. Clinton relief rally for the …
UMH Properties Leads Up Day for MHCV, Broader Markets Up 371 Read More
News from the Michigan Manufactured Housing Association (MMHA) shows the top two trends in manufactured home design are the master suite and the kitchen. “Based on the reactions of people touring six model homes during the recent MMHA Home Showcase at The Novi Home Show at Suburban Collection Showplace, these …
The Northwest Housing Association has announced that manufactured homes sales in the state of Washington have increased 47 percent in 2016. According to the association, this completes a huge turnaround over the last decade when demand dropped from 3000 manufactured homes per year to less than 600. “550 homes have …
State Manufactured Homes Sales Rise 47 Percent In 2016 Read More
Champion Homes has announced that it will purchase and reopen a recently vacated manufacturing facility formerly operated by Excel Homes in Susquehanna Township, Penn. With the reopening, Champion Homes plans to create 246 new jobs over the next three years. “Champion was drawn to this opportunity by the strength of …
Champion Homes Purchases Former Excel Homes Facility Read More
We begin the month with another thought-provoking theme: Entrepreneurs November in MHVille 2016. That link will take you to all of the featured articles and interviews this month. save this special address from Donald Trump to MHProNews – and thus to our industry, click here. Manufactured, modular and prefabricated home professionals know that how …
Sun Communities, Inc. (NYSE: SUI) reported its Q3 2016 results on November 1, 2016. For the quarter ending September 30, 2016, total revenues increased $64.3 million, or 34.7 percent, to $249.7 million compared to $185.4 million for the same period in 2015. Net income available was $18.9 million, or $0.27 …
Noteworthy headlines on CNNMoney – Rolling Stone found liable for defamation. Why a lot of people are moving out of California. Cash is still king for Americans. U.S. unemployment falls to 4.9%. Some bullets from MarketWatch – U.S. stocks close lower for ninth time, in worst run since 1980. Why …
MHCV Bright Spot as Broader Markets Suffer Ninth Consecutive Down Day Read More
At the recently held Data, Demand and Demographics: A Symposium on Housing Finance in Washington, D.C., CoreLogic Chief Economist Frank Nothaft shared a strong statement with housing insiders in attendance. If you’re waiting for any dramatic shifts in housing, interest rates, or anything like them, you’re likely to be left …
Housing’s New Normal: Low Interest Rates, Shifting Demand – MH Opportunity? Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) has released it’s November 2016 Washington Update, an exclusive report and analysis that addresses key issues with the U.S. Department of Housing and Urban Development (HUD). Covered in this month’s report: Fifty state installation power grab by HUD, including key highlights …
MHARR November Washington Update, Exclusive Report and Analysis Read More
Washington, D.C., November 3, 2016 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing industry production increased again during September 2016, showing double-digit growth. Just-released statistics indicate …
HUD Code Manufactured Housing Production Sees Double Digit Growth Read More
Noteworthy headlines on CNNMoney – Wells Fargo’s legal mess just got worse. Brexit roadmap: what happens next. FOX News gives Tucker Carlson a primetime show. Some bullets from MarketWatch – Stock market falls for 8th straight session. Generic drug stocks dive on report of possible criminal charges. Starbucks rallies on …
Affiliated Managers Group Leads Up Day for MHCV, Broader Markets Down Again Read More
UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation (Freddie Mac), has a 10-year maturity with principal repayments based on a 30-year amortization schedule. Interest is set at 3.85 percent …
Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. Analysts expect Drew to post earnings of $1.20 per share (EPS) and revenue of $392.70 million for the quarter, according to The Cerbat Gem. During its Q2 earnings call on August …
Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish Read More
Noteworthy headlines on CNNMoney – Anti-trust suit filed against DIRECTV. Venezuela is running out of time and money. The Wall Street Journal trims paper – and staff. Oil dives seven percent this week. Some bullets from MarketWatch – Whole Foods eliminates co-CEO structure, names John Mackey CEO. Fed says it …
Drew Industries Up on Down Day for MHCV, Broader Markets, Oil Down Again Read More
Troy, Michigan-based Champion Homes has opened a 100,000-square-foot facility in Benton, Ky. The facility represents a $6.3 million investment for Champion and is expected to create 150 new jobs. “At Champion, we’re driven to produce the highest-quality affordable housing in part because we understand the special feeling our customers have …
Champion Homes Opens Manufactured Home Plant in Kentucky Read More
