Another informed source with a Berkshire Hathaway unit confirmed to the Daily Business News that Vanderbilt Mortgage and Finance (VMF) does indeed offer a zero-down payment loan program. That program is made exclusively for corporately owned Clayton Homes retailers, under their various retail outlet brands (Clayton, Oakwood, Freedom, etc.), per …
In a program that manufactured homes qualify for, “The town of Fair Bluff will receive $1.85 million to help rebuild homes damaged by Hurricane Matthew and improve the town’s water supply, Governor Roy Cooper announced Thursday” in a release to the Daily Business News. This followed a previous announcement from …
Governor Announces Hurricane Recovery Loan$, Business, Homeowners, MH Read More
Builders and the National Association of Realtors (NAR) aren’t smiling, not yet. But should the MH industry overall be pleased? It’s been a wildly busy news day on national, political issues impacting the economy, and thus manufactured housing. Democrats are howling, there will be resistance. But the roll out of …
Builders, NAR React to GOP Tax Plan Rollout, MH Markets Generally Up Read More
“The manufactured housing industry, regulated by HUD, is one of the nation’s most entrepreneurial industries, with thousands of smaller businesses,” said Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR). “The president could truly honor National Entrepreneurship Month by appointing a new administrator for the HUD …
MH Industry Pro Reacts to President Trump’s National Entrepreneurship Month Declaration Read More
Politico has published a 2200-word excerpt spotlighted by the Drudge Report from what promises to be a hot book soon to be released. The title? “Hacks,” provides Donna Brazile view of what she discovered after her Democratic National Committee (DNC) chair predecessor, Florida Rep. Debbie Wasserman Schultz was pushed out …
“Hacks” – Explosive 2016 Campaign Claims by Former DNC Chair, Donna Brazile Read More
This image at the left was posted and is found online in Iran today. It’s a page from a newspaper published during the ousting of the Shah, and the coming to power of the once exiled Ayatollah Khomeini, an Iranian Shia Muslim religious leader. The red outlines around the Farsi …
“You Made Me, Promises, Promises…” Historic Iranian, American Lessons in Freedom Read More
While some market watchers say that there’s not much that could slow the markets down at this point, the fluctuation in stocks that occur when it looks like an unpleasant surprise may come from Congress on the issue of tax cuts sends a different message. Leaks out of Washington that …
As thousands of manufactured home professionals know, a significant portion of HUD Code and modular housing buyers come from those selling a conventional house. That equity from a house sale may then be used to pay cash, or make a larger down payment, to buy a new manufactured or modular …
The headline on Crain’s Chicago Business quipped, “Zell’s mobile home biz courts [sic] new customer: Yacht owners.” It was an editor/writers play on words – “mobile home,” “courts” – phrases the Equity LifeStyle Properties (ELS) Chairman would not likely embrace. Those familiar with the billionaire real estate and investment mogul …
Sam Zell’s Equity Lifestyle Properties (ELS) Unique New Score Read More
If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today. The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader …
It’s Halloween. Wikipedia reminds us that the name Halloween is derived from All Hallows Eve, or the night before All Saints day (November 1). 500 years ago, a divisive event took place. It wasn’t the first or last serious division in human history. The nation is divided. So, why is it …
First reported here on the Daily Business News, others in the manufactured home publishing arena have since picked up and carried on their own expressed concerns and/or claims about the number of communities there are in manufactured housing industry. Why Does the Controversy Matter? Several reasons, which this report/analysis will …
Generally speaking, the more Americans there are working in stable jobs, the more opportunities there are to sell homes – including manufactured homes – to those citizens. That reality is one reason why publicly traded manufactured housing companies often note economic activity and signals – up or down – in …
It’s been a packed news day that hit the markets, which dipped. To jump to see summary of the key items, driving the markets today, the latest on Mueller, the White House response and more, scroll down to what grabs you. It’s the latest, best one-stop snapshot of the manufactured …
It is hours before the closing bell, but market watchers and industry professionals will be more than curious about how the latest developments out of Washington, D.C. will impact the Trump Administration’s efforts to boost American economic activities. The NY Times and CNN lead the leaked word this past weekend …
Is the American economic magic back? Listen to the expert voices in the videos, below, in our spotlight feature for today. If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond …
‘The Most Important Word in Investing,’ “Certainty,” MH Market Updates Read More
“A new bill has been introduced in Congress by Rep. Norma Torres (D-CA) that would impact both the regulation of manufactured housing by the U.S. Department of Housing and Urban Development (HUD) and, potentially, the utilization of HUD-regulated manufactured housing by local jurisdictions that receive housing-related federal grants from HUD.” …
New Bill on Manufactured Home Inclusion/Regulatory Impacts Read More
From L.A. to D.C., the left, right and center of the nation has been buzzing about the Kid Rock for Senate tease. He says, the door is still open… Democratic Senator Elizabeth Warren had stated that given President Trump’s victory, the idea of Kid Rock running for the U.S. Senate …
“Born Free,” “Po-Dunk” Manufactured Homeowner Kid Rock Updates Senate Race Status Read More
In a press release, ECN Capital announced its intention to buy Triad Financial Services, the oldest manufactured housing lending operation in the United States. Per their release, Toronto based ECN will pay $100 million in cash (C$125M) for Triad. “In addition, ECN Capital has agreed to an incentive compensation plan …
Canadian ECN Capital Signs Agreement to Acquire Triad Financial Services, Inc. Read More
There’s a lot of good economic news, as the Daily Business News has reported for months. But there are also storm clouds on the horizon. They have and will impact the industry. To learn more, see our spotlight report, further below. If you’re new, already hooked on our new spotlight …
How Will the Crash of Retail Impact Economy, MH Sale$? MH Industry Market Updates Read More
