In a first for the 74-year-old organization, the National Association of Home Builders (NAHB) finalized a list of congressional candidates that it believes will help to boost housing in the U.S. According to Door & Window Market Magazine, the NAHB announced in September that it would be working …
National Association of Home Builders Endorses Congressional Candidates Read More
The Novi Home Show took place October 14th-16th in Novi, Michigan and featured six different manufactured home models, courtesy of the Michigan Manufactured Housing Association (MMHA) as a part of the Suburban Collection Showplace. Billed as “a show within a show,” nearly 5000 people had a chance to tour models from …
Clayton Homes, a subsidiary of Berkshire Hathaway, has acquired Lee’s Summit, Missouri-based Summit Custom Homes, according to the Kansas City Business Journal. The acquisition was made by the company’s site-built division, Clayton Properties. As Daily Business News readers are aware, Clayton Homes is the largest producer of manufactured homes in …
Residents of Valley View Estates in Archibald, Penn. are in a state of limbo. On the surface, the culprit is bankruptcy. Digging deeper, what caused the bankruptcy appears to be a case of mismanagement. According to The Times-Tribune, park owners Margaret Mary Barrett and Egan Enterprises, Inc. filed for bankruptcy …
Manufactured Home Community Bankruptcy Puts Residents in Limbo Read More
Noteworthy headlines on CNNMoney – America’s truckers getting biggest pay raises. Gas price spikes, shortages coming after pipeline blast. How much you’ll really pay for Obamacare. Super-rich investigated for paying too little tax. Some bullets from MarketWatch – Apple’s stock suffering fifth straight loss after earnings. Bank of America cuts …
MHCV, Broader Markets Hit Hard, Affiliated Managers Group Lone Bright Spot Read More
Drew Industries Inc. (NYSE: DW) has announced their acquisition of Elkhart, Indiana based Atwood Mobile Products, Inc. via Lippert Components, Inc. (LCI), a wholly owed subsidiary. The sale is expected to be completed in November. “Atwood has been a household name in the RV and trailer markets for over 30 …
Drew Industries Completes Fourth Acquisition of 2016 Read More
Noteworthy headlines on CNNMoney – Donna Brazlie out at CNN. Mexico posts worst growth in two years. GE bets on oil with Baker Hughes deal. Britain’s new pound coin won’t fit into vending machines. Some bullets from MarketWatch – S&P 500, Dow book third straight monthly loss. Fed expected to …
Louisiana-Pacific Leads Up Day for MHCV, Oil, Broader Markets Down Read More
The Federal Emergency Management Agency (FEMA) has announced that residents in Georgia’s Liberty and Long counties have been approved for FEMA assistance in the wake of Hurricane Matthew. According to the Coastal Courier, FEMA’s amended “declaration of major disaster” issued on October 24th means homeowners and business owners may now …
FEMA Approving Residents, Asking Manufactured Home Retailers to Sell Units Read More
Manufactured housing professionals know the benefits of living in a manufactured home. But tens of millions in the public have little or no clue. That high value proposition can include pre-HUD Code mobile homes, as well as post code manufactured housing. So there is on ongoing need for manufactured housing …
Drew Industries, Inc. (NYSE: DW) has received a “buy” rating from analysts, according to a recent report from StockzIntellegence, Inc. Citigroup provided its “buy” recommendation on August 15th with a target price of $110.00, up from $85.00 in May. Drew Industries’ share price has increased 47.62 percent since March 24th, 2016 …
We began the month with this thought-provoking theme: Obstacles and Opportunities in Affordable Housing – October 2016. That link will take you to all of the featured articles and interviews this month. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a …
The Boulder City, Nevada City Council has unanimously approved the request of developer Randy Schams to rezone 7.33 acres of land he owns in the city to a multi-home residential area. A number of regular Daily Business News readers may recognize Schams’ name, as part of our coverage on the Boulder City …
City Council Approves Rezoning of Manufactured Home Community Read More
Noteworthy headlines on CNNMoney – Civil rights groups brace for “chaotic election.” Warren calls out KPMG for Wells Fargo disaster. U.S. economy posts best growth in 2 years. Some bullets from MarketWatch – FBI restarting probe into Hillary Clinton’s emails. Drug stocks sink as backlash against price hikes hits bottom lines. …
Equity LifeStyle Properties Leads Up Day for MHCV, Broader Markets Down Read More
Deputies in Jones County, Mississippi got some help on an arrest, thanks to Facebook. When dispatched to a burglary call at Farris Manufactured Homes on Highway 28 in Jones County on October 26th, deputies found two manufactured homes burglarized. In one of the homes it was discovered that a refrigerator …
A Facebook Sale Turns Into Arrest at Manufactured Home Retailer Read More
The potential for economic growth usually brings the promise of a windfall for many, including landowners. With that growth, potential challenges can also appear. In Kitimat, British Columbia (B.C.), the potential for future pipelines, liquefied natural gas (LNG) plants and the Rio Tinto Alcan smelter brings with it the promise …
Potential Economic Boom Presents Affordable Housing Challenges Read More
Directors with the Sunshine Coast Regional Districts’ (SCRD) planning and community development committee in British Columbia, Canada addressed a referral from the District of Sechelt earlier this month, regarding an expansion proposal from the owners of the Big Maples manufactured home community. According to the Coast Reporter, Big Maples will …
Manufactured Homes Expansion Welcomed as Affordable Housing Option Read More
As the manufactured housing (MH) industry develops its value proposition as a solution to the waning American dream of home ownership, a recent comparison of company stock value and ROI, sheds light on just how powerful the industry’s potential could be. According to Capital Market Labs, in a recent comparison …
Head-to-Head: Cavco Stock Three Times Higher Value Site Builder MDC Read More
Noteworthy headlines on CNNMoney – IRS impersonators accused of stealing from elderly. 401(k), IRA contribution limits won’t go up in 2017. Murdoch discusses Fox News contract talks. Europe rescues its huge free trade deal with Canada. Some bullets from MarketWatch – CenturyLink in advanced merger talks with Level3 Communications. U.S. …
Berkshire Hathaway, Louisiana-Pacific Up on Down Day for MHCV, Broader Markets Read More
Management of Clayton Homes in Chino Valley, Arizona has asked the town council for a break on sales taxes, stating that what is now the highest rate in the region is hurting business. “My own (company’s) sister stores are my biggest competitors,” said Dave Rowe, general manager of Chino Valley’s …
Fearing another “crew camp” situation – one in which transient workers use parked RV’s for living – the Williston, North Dakota Planning and Zoning Commission denied two special use permits that would allow RV parking at Glen Villa and FM Parkway manufactured home communities, owned by Rick Carriger. According to …
City Controversy with Owner – RVs being denied in Manufactured Home Community Read More
