Noteworthy headlines on CNNMoney –Wells Fargo CEO walks out with $130 million. Detroit residents are drowning in debt. Why Clinton might lose Ohio. Verizon says Yahoo’s massive breach could impact deal. Some bullets from MarketWatch – Wells Fargo earnings: what to expected as embattled CEO steps down. Why so few Americans …
ELS, SUN Up – Manufactured Housing Composite & Broader Markets Down Read More
According to the Manufactured Housing Association for Regulatory Reform (MHARR) president and CEO M. Mark Weiss, the Federal Emergency Management Administration (FEMA) has issued a formal solicitation for “off the lot” manufactured homes. As the Daily Business News reported last week, The Manufactured Housing Institute (MHI) was contacted by FEMA, …
Retailer Alert-FEMA to Purchase Off-the-Lot Manufactured Homes Read More
The battle between a group of actvist, protesting residents of the Heritage Village manufactured home community in Beaverton Oregon and the property owner – Cal-Am Properties – has prompted a Coos Bay state legislator to propose a change to state law. According to the Oregonian/Oregon Live, the issue stems from …
New State Law Would Change Eviction Rules For Manufactured Homes Read More
Sun Communities Inc. (NYSE: SUI) and Equity LifeStyle Properties Inc. (NYSE: ELS) each provided preliminary assessments of the impact from Hurricane Matthew on their properties. Sun Communities reported that the bulk of any losses expected to be related to removal of damaged trees and debris cleanup and more thorough inspections …
MHC Leaders ELS, Sun – Assess Hurricane Matthew Impact Read More
Noteworthy headlines on CNNMoney –Fed eyes raising rates “relatively soon.” Samsung sending safety gloves to Note 7 users. Ex-Wells Fargo worker: denied bathroom breaks. Clinton’s tax plan might raise less money than expected. Some bullets from MarketWatch – Why China’s banks may eventually need a $2 trillion capital infusion. Fed held …
MHCV Bounces Back Strong, SUI and ELS Lead – Outpaces Broader Markets Read More
In the aftermath of Hurricane Matthew, a number of cities and towns from Florida to North Carolina are beginning to see the full magnitude of the storm damage. According to Reuters, CoreLogic, a real estate data firm, estimated the storm might have caused up to $800 million in damage to …
Post-Hurricane Matthew, Windstorms, Stereotypes and Manufactured Housing Read More
A Massachusetts state law that has long allowed developers to bypass local regulations in communities where less that ten percent of the housing stock is considered to be affordable is back in the spotlight. The issue has long troubled officials in the town of Wareham, because the state refuses to …
State Under Pressure to Count Manufactured Homes as Affordable Housing Read More
In a huge story of interest for the MH industry, a federal appeals court declared that the U.S. Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The 110-page ruling, handed down by the U.S. Court of Appeals for the D.C. Circuit, the nation’s second most powerful court, stated that the …
Noteworthy headlines on CNNMoney – Comcast hit with FCC’s biggest cable fine ever. Nobody wants to host the Olympic games. Appeals court hits Consumer Financial Protection Bureau. Some bullets from MarketWatch – The stock market’s ugly nose dive. Oil prices pull back after IEA reports a jump in OPEC output. Alcoa …
Down Day for MHCV, Broader Markets – CFPB Unconstitutional Read More
Skyline Corporation (NYSE:SKY) has seen its stock price on the rise recently, hitting a 52-week high of $12.72 last month. Daily Business News readers will recall that we covered the rise of Skyline’s stock in a recent story, here. According to a story from equities, Skyline’s stock is up 278 …
Zacks Investment Research cut shares of Sun Communities Inc. (NYSE:SUI) from a “buy” to “hold” rating in a memo issued to investors on October 5th, according to The Cerbat Gem. As regular Daily Business News readers already know, Sun owns and operates 338 manufactured home and recreational vehicle communities located in …
Noteworthy headlines on CNNMoney – Buffett: “I’ve paid federal income tax every year since 1944.” Trump Taj Mahal closes its doors in Atlantic City. Samsung halts production of Galaxy Note 7. Second Clinton-Trump debate sees big ratings drop (DBN coverage here.) Some bullets from MarketWatch – U.S. stocks end higher as …
Patrick Industries Leads Strong Day for MHCV – Broad Markets Up on Oil News Read More
“As the moms and pops that built our mobile home parks age out, predatory, out-of-town corporate investors have been taking over.” – Measure V proponents “Once rent control is adopted, politicians will – by the tenants’ votes – be giving the landlord’s property to the tenants. It happens all the …
On this celebration of our 7th year of uninterrupted factory-crafted housing trade media publishing, we begin the month with this thought-provoking theme: Obstacles and Opportunities in Affordable Housing – October 2016. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a …
Rumors and social media posts have been circulating around the city of Belgrade, Montana, concerned that a cluster of manufactured homes poised for use are meant to house 5,000 Syrian refugees. The Human Resource Development Council (HRDC), the non-profit organization in possession of the homes, says that it simply is …
Non-Profit Denies Manufactured Homes are for Syrian Refugees Read More
Washington, D.C, October 4, 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, after declining in July 2016, resumed its trend toward long-term growth …
HUD Code Manufactured Housing Production Growth Resumes, August report Read More
The Novi Home Show takes place October 14-16 at the Suburban Collection Showplace in Novi, MI. The show is a “one-stop destination” for home improvement products for every type of project, and will include landscaping exhibits and experienced businesses available to consult or for hire. The Novi Home Show will …
The Manufactured Housing Institute (MHI) has been contacted by the Federal Emergency Management Administration (FEMA), with an “urgent request” on the availability of existing new single-section HUD Code manufactured homes for sale on retail lots within 1,000 miles of Louisiana. The Daily Business News is told that the Louisiana flood …
As you no doubt have heard, we’re just a little over a month away from a big U.S. presidential election. Whether you’re watching cable or network news on TV, or are reading political articles online, it’s hard to avoid seeing that all-important electoral collage map. While the pundits break down …
Realtor Spotlights Red vs Blue States, MH and Housing Read More
Noteworthy headlines on CNNMoney – 170,000 gas stoves recalled because of explosion risk. Credit card giants sued over chip readers. Biggest one-day drop for gold since 2013. Google unveils new smartphone. Some bullets from MarketWatch – Gold ends near post-Brexit vote low as dollar rallies. U.S. stocks retreat on specter of …
Skyline Up, MHCV beats Tumbling broader Markets and in banking, ATM Fees Record High Read More
