Noteworthy headlines on CNNMoney – Why Elizabeth Warren is working Wall Street (DBN coverage of Warren at Wells Fargo hearings here). Obamacare enrollment projected to grow 9% in 2017. Saudi Arabia borrows $17.5 billion from global investors. Some bullets from MarketWatch – Yellen may be giving the sign to buy …
UMH, Drew and Carlyle Gain, Broader Markets Up, Oil Surges Read More
Equity LifeStyle Properties, Inc. (NYSE:ELS) reported Q3 2016 earnings and provided guidance for 2017 via conference call on October 18th. According to baseballnewssouce, ELS reported $0.83 earnings per share (EPS) for the quarter, and revenue of $226.20 million for the quarter, compared to the consensus estimate of $116.42 million. The stock …
A Shawnee, Oklahoma manufactured home community is in flux after a series of missteps. According to Red Dirt Report, a number of residents of the Rolling Acres Mobile Home Park were outraged recently when they received a 60-day eviction notice. They are considering a lawsuit after Shawnee attorney Kent Massey …
Nebraska Lieutenant Governor Mike Foley received the “deluxe tour” of Champion Homes manufacturing operations last week, during a meeting that included a first hand look at new features and product lines for 2017, according to the York News Times. Leaders from York’s Chamber of Commerce, Visitors Bureau and City Council …
Austin City Councilman Pio Renteria has proposed a new ordinance for manufactured home communities in Austin, after a visit to one last week. “When I went down there I said, ‘my goodness, there’s no rec centers,‘” Renteria told KUT. “There’s nothing there for the kids. They’re just running around, and …
Austin City Councilman Proposes Mandated Amenities for MH Communities Read More
Noteworthy headlines on CNNMoney – Frustration runs deep for ObamaCare customers. Wells Fargo fraud: Bank was warned years ago. Social Security checks get measly $3.92 bump. Some bullets from MarketWatch – SEC fines Ernst & Young for not spotting client’s earnings manipulation. The U.S. economy is getting the wrong kind …
NorthStar, UMH & MHCV Index Strong – Oil, Gold and Broader Markets Up Read More
MHProNews Publisher L.A. “Tony” Kovach penned an op-ed to the Lakeland Ledger, picked up by multiple newspapers over the weekend. “Millions struggle with costly housing. Bloomberg, HousingWire, Realtor and Fox News are among media that recently asked why aren’t more Americans turning to manufactured homes,” said Kovach. “We’re told that the …
Senator Mark Kirk (R-IL) is ready to tackle a huge task: reforming the Federal Emergency Management Administration (FEMA) during the post-election session of Congress. “Last week I met with tornado survivors from Washington, Illinois to discuss efforts to rebuild their community after the 2013 tornado that destroyed thousands of homes and caused …
Illinois Senator to Push FEMA Reform During Lame Duck Session Read More
With 20 days left until the U.S. Presidential election, the U.S. Government has apparently arranged to cut Internet access to WikiLeaks founder Julian Assange. USA Today Study While hailing what they dub as the “Trump Effect” for a “marked increase” in Hispanic voter registrations, the facts indicate that Democratic …
Hillary & Hispanics, 1.4M Losing Obamacare, Assange’s Internet Cut, WAPO: Election Heating Read More
According to a report from KATC TV, the deadline to apply for Federal Emergency Management Administration (FEMA) disaster benefits in the wake of the floods in Louisiana has been extended to November 14th. 60 days after the historic flooding, FEMA provided updated statistics revealing that an estimated seven trillion gallons …
FEMA Disaster Relief Deadline Extended in Louisiana Read More
Noteworthy headlines on CNNMoney – Top Fed official “very concerned” about U.S. economy. U.S. dollar zooms to 7-month high. Is “Trump TV” in the works? Target removes clown masks from stores. Some bullets from MarketWatch – Visa shares decline as CEO Scharf resigns. IBM earnings, revenue beat expectations. Big day …
NorthStar’s Big Day, MHCV/Broader Markets Down – Top Fed Concerned Read More
Patrick Industries, Inc. (NASDAQ:PATK), one of the leaders in supplying the manufactured housing, RV and industrial markets, has announced that it expects to release its Q3 2016 financial results prior to the market open on October 27th. As Daily Business News readers are already aware, Patrick has been in the …
Patrick Industries Previews Q3 2016 Earnings Call, Webcast Read More
Zacks Investment Research cut shares of Affiliated Managers Group Inc. (NYSE:AMG) from “buy” to “hold” in a research note published on October 12th, in reports covered by The Cerbat Gem and Breaking Finance News. “Affiliated Managers has a positive record of earnings surprises in the recent quarters. Also, the estimates …
One of the hottest issues in the manufactured housing (MH) industry for the past 5 years has been: the so-called Dodd-Frank “reform act,” efforts by the MH industry to modify regulations imposed by the Consumer Financial Protection Bureau (CFPB), noting that the CFPB was “birthed” by Dodd-Frank. Last week, the …
Skyline Corporation (NYSE:SKY), one of the larger and oldest independent producers of HUD Code manufactured homes, announced its results for Quarter 1 2017 this week. The company reported net sales from continuing operations of $61,176,000, states their official report. That includes an increase of approximately 26% over net sales of …
Noteworthy headlines on CNNMoney – FAA banning Galaxy Note 7 from all flights. John Kasich bans Wells Fargo from Ohio deals. Wells Fargo new account openings plunge. American Dream: Rich are fearful for its survival. Some bullets from MarketWatch – The stock market is turning into a sloppy, ugly mess—and it …
Big Day for Skyline, Louisiana-Pacific – MHCV, Broader Markets Up On Banks News Read More
Measure V – a proposition on the ballot in Humboldt County, California – has generated significant interest from both inside and outside the MH industry. As Daily Business News’ Joe Dyton covered recently, Measure V proposes that: Manufactured home community owners would be permitted to raise site rents once annually, and …
Rent Control-WMA Rolls out ‘No On Measure V’ Video, Talking Points Read More
Communities in and around Austin, TX have been a hotbed for discussions about affordablity and manufactured housing over the last few months. According to KUT, Austin City Council member Pio Renteria recently visited some of his constituents at a manufactured home community and was shocked by what he saw. “When …
Official wants Mandated Amenities for MH Communities Read More
The ongoing, difficult saga from the devastating August 2016 Louisiana floods continues. In Donaldsville, the Ascension Parish Council has been informed that twenty percent of the homes that have been assed for damage thus far have been deemed “substantial” – which means that the structures need to be raised, demolished …
Concerns Increase in Louisiana Flood Damaged Housing Read More
In a new report released by CPA firm Novogradac & Company LLP, the firm talks with affordable housing industry experts about the impact of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (LIHTC), and what affordable housing may look like in 30 years. LIHTC industry experts …
Novogradac’s Report – Affordable Housing 2046 – Does MH Hold The Key? Read More
