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Posts Tagged ‘Increases’

HUD Code Manufactured Home Production Rises Sharply

May 3rd, 2017 Comments off
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Credits: MHARR, HUD.

Washington, D.C., May 3, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially again during March 2017.

These just released statistics indicate that HUD Code manufacturers produced 8,245 homes in March 2017, a nearly 16 percent increase over the 7,110 HUD Code homes produced during March 2016.

Cumulative industry production for 2017 now totals 23,384 homes, a 22.4 percent increase over the 19,101 HUD Code homes produced over the same period in 2016.

A further analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through March 2017 — with cumulative, monthly, current year (2017) and prior year (2016) shipments per category as indicated, are:

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Credit: MHARR.

The latest information for March 2017 results in no changes to the cumulative top ten list.

In its most recent edition of “Issues and Perspectives,” a newsletter that focuses on items relevant to the manufactured housing industry, MHARR tackled key issues, including the new tariff on Canadian soft lumber.

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MHARR President & CEO, Mark Weiss. Credit: MHProNews.

After threatening to impose trade duties on goods imported from China and Mexico during the presidential election campaign in 2016, the administration announced its first new tariff on imported goods in a statement issued by Commerce Secretary Wilbur Ross on April 24, 2017,” says MHARR in the report.

While the imposition of the Canadian lumber tariff caps a period of serious economic uncertainty for the residential construction industry, increases in home prices driven by higher supply costs for basic raw materials, such as wood, will have a magnified impact on the highly-priced sensitive manufactured housing market.”

For more from MHARR on the newsletter, click here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

HUD Code Manufactured Home Production Increases, January Report

March 6th, 2017 Comments off
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Credits: MHARR, HUD.

Washington, D.C., March 6, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), year-over-year manufactured housing industry production increased substantially during January 2017.

These just-released statistics indicate that HUD Code manufacturers produced 7,827 homes in January 2017, a 33.5 percent increase over the 5,862 HUD Code homes produced during January 2016.

MHARR says that the steady increase in HUD Code manufactured housing production since 2011 is “clear and indisputable evidence that manufactured homes not only continue to serve a vital role in the nation’s housing market, but that today’s high-quality manufactured homes are attracting ever-larger numbers of homebuyers.

MHARR’s analysis of the official industry statistics shows that the top ten shipment states from the beginning of the industry production rebound in August 2011 through January 2017, with cumulative, monthly, current year (2017) and prior year (2016) shipments per category as indicated are:

The latest information for January 2017 results in no changes to the cumulative top ten list.

MHARR has long maintained that Fannie Mae and Freddie Mac cannot meet the mandate of “Duty to Serve” (DTS), and cannot adequately serve the manufactured housing market and the millions of moderate and lower-income consumers who rely on affordable, non-subsidized manufactured housing without manufactured housing chattel lending.

The full MHARR report is linked here.

For more commentary from MHARR, including Ben Carson’s confirmation as HUD Secretary, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News, MHProNews

Investor Makes Big Moves on Skyline Homes

December 3rd, 2016 Comments off
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Image credits: Wikipedia, Binary Options, Skyline Homes and Equites.com, collage credit, MHProNews.com. 

Venator Capital Management increased its stake in Skyline Corp (NYSE: SKY) by 805 percent in Q2 based on its latest regulatory filing with the SEC.

Venator purchased 466,541 shares as the company’s stock, and now holds 524,492 total shares valued at $4.93 million.

The move follows Skyline’s recent earnings results, where the company reported a 26 percent increase in net sales from continuing operations over the same quarter one year ago, and income from continuing operations of $744,000, as compared to a loss of $895,000 from continuing operations in the first quarter of fiscal 2016 a $1.5-million increase.

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Ventor, Skyline images are their respective properties, used here under fair use guidelines. Collage and text graphics by MHProNews.

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Credit: LinkedIn.

Our continued focus on growing sales and improving margins through disciplined operations generated favorable year-over-year results in the quarter,” commented president and Chief Executive Officer, Richard Florea.

While we are pleased with the progress we are making, we are committed to capitalizing on the opportunities we have.

The Daily Business News has followed news on Skyline recently; including coverage of their 278% stock price increase YTD and the company’s stock price hitting a 52-week high.

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Image collage and text by MHProNews, individual image credits are those of Skyline Homes, and are used here under fair use guidelines. To see their latest quarterly report, please click here or the image above.

As manufactured housing industry professionals and investors know, Skyline Corporation is one of the oldest and larger independent producers of manufactured, modular and park model homes.  It is one of the manufactured housing industry stocks monitored each business day on the Daily Business News.

For Thursday’s closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Editor’s Note: for A Cup of Coffee withTerry Decio, Skyline Homes, click here.)

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.