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Posts Tagged ‘pbs’

Oracle of Omaha Defends Clayton Homes

February 27th, 2016 Comments off

warren buffett track record business insider artWarren Buffett, in his annual letter to stockholders, said the economy is doing much better than some politicians running for the White House say in their campaign talk. According to NPR, he said children born today will have a very good life, despite the slow recovery from the Great Recession. Berkshire Hathaway, of which Buffett is Chairman, earned $24 billion last year. MHProNews understands why he said the economy is so good.

In his letter, according to abc17news, he defended Berkshire’s poor stock performance in 2015: the A share stock (selling for around $200k per share) and the B share (selling around $132 a share) both fell over 12 percent. Berkshire’s stock is up slightly this year. The A shares have marked an annual gain of 20.8 percent since 1965, compared to 9.7 percent for the S&P.

Buffett also defended subsidiary Clayton Homes, this year more extensively than last, devoting 16 paragraphs to the company this year as opposed to just three paragraphs last year. The Seattle Times and BuzzFeed accused Clayton of predatory and discriminatory lending in several articles beginning last year.

Further, PBS then did a broadcast about the MH industry that also was not complimentary and had a hidden agenda. (For MHLivingNews and MHProNews publisher L. A. “Tony” Kovach’ response, click here.)

Regarding Clayton, Buffett wrote, “The Great Recession caused mortgage originators, servicers and packagers to come under intense scrutiny and to be assessed many billions of dollars in fines and penalties,” noting that Clayton only had to pay fines amounting to $38,200 the past two years. He added that 95.4 percent of borrowers are current on their loans. ##

(Photo credit: businessinsider–Warren Buffett)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016

January 17th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

Bad and Good – Two Sides – Manufactured Home Living and News Reporting

What’s New in Manufactured Housing Industry Professional News

Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter on MHC. Dems want Justice to Investigate Clayton. Manufactured homes go to pot. MH Reits return over 25 percent. Some protest, some accept modular homes in Dublin, Ireland. New tax law will only minimally contribute to affordable housing. New First Nations modular homes uninhabitable, while Green modular designed to last 300 years. Indiana city relaxes tough stance on MH siting. And much, much more in news and views for you to peruse.

Saturday, Jan. 16, 2016

Carlyle Group is one Resident Away from Updating Coastal MHC in CA

Friday, Jan. 15

Township Set to Impose Master Meter System on Manufactured Home Community

Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers

Dow Plunges Nearly 400 Points; MHCV Drops Two Percent

New Tax Law will only Increase Affordable Housing Units Tepidly

Skyline Reports Earnings Per Share Increase

Manufactured Home Retailer Allegedly Absconds with Customers’ Funds

Thursday, Jan. 14

Government Sponsored Enterprises Grew Multifamily Loans in 2015

Skyline Gained Sharply, while the Dow reclaimed +227.64 points

Existing Home Sales Fall, perhaps due to New Disclosure Rules

Why did Ishbel Dickens/NMHOA decline a Debate with Carla Burr about PBS NewsHour’s Manufactured Housing Report?

Unique Homes may be Tough to Finance

Wednesday, Jan. 13

Portion of Manufactured Home Community to Close

UMH to Release Financials in March

Nobility Spikes, Patrick Falls, the Dow Plummets again

Manufactured Homes have Gone to Pot

Democratic Lawmakers want DOJ to Investigate Clayton Homes, lenders in wake of Seattle Times/BuzzFeed report

Balbriggan Neighbors Okay with Modulars in Neighborhood

Tuesday, Jan. 12

Aussie 578 Site Manufactured Home Community Iced

Problems with New Modular Homes Wreaking Havoc on First Nations Land

Skyline, Cavco, UFPI Gain in Three Figures; Dow Moves Up

Indiana City Relaxes Restrictions on Replacing Manufactured Homes

NW City Addressing Community Closures Proactively

Monday, Jan. 11

Plans for Modular Home Production did not Materialize

Green Modular Home Designed to last 300 Years

Dow Changes Direction; Several MH-related Stocks Look Up

Protests Mount against Modular Homes for the Homeless in Dublin

Manufactured Housing REITs Return Over 25 Percent

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016

January 3rd, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

College Education Made In Perpetuity – The Kalamazoo Promise; Von Washington Jr – where Affordability and Quality of Life Meet

Home/Manufactured Home Article/Lies, Advocacy Journalism and Statistics – Seattle Times/BuzzFeed Attacks, Warren Buffett’s Clayton Homes Defends – charges of Racism and Discrimination – Critical Analysis

What’s New in Manufactured Housing Industry Professional News

Manufactured home community opening in Arizona. New Hampshire gains another resident-owned community. MH industry in nationwide spotlight on PBS news show. SSK adds two manufactured home communities in Indiana. Insider stock trading at Cavco, while Gendell unloads more Patrick stock. November pending home sales fall. Consumer confidence on the rise. Skyline stock skyrockets, Equity LifeStyle Properties stock makes solid gains. Modular homes raise ire in Ireland. Capital One arranges MHC loan. And much much more in news and views for you to peruse as you welcome the New Year.

Saturday, Jan. 2, 2016

SSK Adds Two Manufactured Home Communities in Indiana

Friday, Jan. 1

Manufactured Home Community becomes Co-op in New Hampshire

Gendell Unloads more Patrick Stock

Stock Markets Closed Today; Peruse 2015 in MH-Related Stocks

Happy New Year, 2016!!!

Thursday, Dec. 31

Dow Closes Worst Year since 2008

Lenders Receive Reprieve on Minor Errors in Closings

Pending Home Sales Slip in Nov.

Insider Trading at Cavco Industries

Wednesday, Dec 30

Manufactured Housing to be Featured on PBS

Skyline Lives up to its name, Surging 31.58 Percent

Consumer Confidence on the Rise

Equity LifeStyle Properties Stock on a Roll?

Battle in Dublin over Modular Homes for the Homeless Escalates

Tuesday, Dec. 29

Pre HUD Code Home brought in Illegally

Modular Home Builders Pushing to Dispel Myths of Factory Built Homes

Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent

MHCC to Meet in Louisville

Contractor Charged with Stealing over $175,000

Monday, Dec. 28

Skyline Corp. Ends Fall; MHCV closes at 1140.1

Sun Leaves Diseased Tree, Declares Quarterly Dividend

Capital One Provides $11M+ Loan for Starlight in Southern CA

Arizona Manufactured Home Community to open Soon

Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 ##

(Image credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning Recap-Manufactured Housing Industry News Aug. 16-Aug. 23, 2015

August 23rd, 2015 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured HomeLivingNews.com

What’s New in Manufactured Housing Industry Professional News

PBS Story on MH Finance Due. Sun, UMH, Adding Communities, Lippert to Add Workers. Major Patrick Shareholders Unload. CA City Welcomes MH. 3D Printed Home, Auto Charge each Other. Datacomp Offers new Valuation for MH. Mods Blooming in Australia, Nigeria, Honolulu, FL Keys, South Africa. Dow Drops Sharply. Much, much more news and views.

Saturday, Aug. 22

New Owners of Land Lease Community Bring Applause from Residents

Friday, Aug. 21

Two Age-Restricted Manufactured Home Communities sold to Kingsley

PBS Segment on Manufactured Home Lending; MH Pros Need to Work Together

MHCV Inches Up, while Dow, Nasdaq and S&P Plunge Sharply

Commercial Modular Housing Taking Root Down Under

CA City to Allow Manufactured Homes Among Conventional Housing

Equity LifeStyle Properties Stock Targeted at $66.00

Thursday, Aug. 20

Irish Modular Homes Planned for Affordable Housing in Nigeria

Dow, Many Stocks Drop Sharply; MHCV Falls -3.83%

UMH Properties Continues its Acquisition of Land Lease Communities

Existing Home Sales Hit Highest Level in Eight Years

Lippert to Add 125 Workers in New Haven, Indiana

Major Shareholders of Patrick Industries Continue Unloading Stock

Wednesday, Aug. 19

Sun Completes Transactions on Six Communities, Secures Line of Credit

Deer Valley Spikes, Dow Takes A Hike, Google Hit by Lightning Strike

July Housing Starts Reach Highest Level since Oct. 2007, Led by Single-family

Modular Container Units will House Homeless in Honolulu

California City Relinquishes Enforcement of Land Lease Communities

Insider Trading Noted at UMH Properties, Inc.

Tuesday, Aug. 18

Patrick Industries’ Shares sold by Major Shareholder

Cavco Tops MH Gainers, MHCV Slips

Home Builder Sentiment Measures Near Ten-year High

Gated Community of Ten Modular Homes to Rise in Florida Keys

Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans

3D Printed Automobile and Home Energize Each Other

Monday, Aug. 17

Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes

Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days

Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau

Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs

Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Modular Home: Made for TV

June 4th, 2013 Comments off

MHProNews has learned from nj.com the home renovation TV show “This Old House” will be covering the rebuilding of three homes that were in the path of Hurricane Sandy along the New Jersey coastline. One of them, in Manasquan, NJ involves replacing a 1940s house with a modular home. Instead of showing one home being renovated over several episodes the series will offer three homes covered over an eight episode journey. The series is set to begin Oct. 3 on PBS.

(Photo credit: Mary Frank/asburyparkpress–modular home being sited at Monmouth Beach, NJ after Hurricane Sandy.)