News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Elkhart, Indiana-based Drew Industries, Inc. reported consolidated net sales for the second quarter of 2016 increased to $441 million, 22 percent higher than the same period in 2015. “Our operating profit in the second quarter of 2016 improved to more than $59 million, compared to nearly $34 million in the […]
Drew Reports Net Sales 22% Above Last Year’s Comparable Quarter Read More
A modular apartment building with 11 single bedroom apartments for Ute Mountain Indian tribal members will result from an $871,000 grant to Colorado’s Department of Local Affairs (DOLA) Division of Housing, as cortezjournal informs MHProNews. The apartment units in Towaoc will specifically target homeless, those at risk of becoming homeless
Modular, Manufactured Homes Coming to Ute Mountain Indians Read More
In the news from CNNMoney: Cheap oil has eradicated almost 200,000 jobs. GE CEO says all new hires will learn to code. Wendy’s credit card hack hit 1,000 restaurants. Pokemon Go leads teen to dead body. Nigeria is pumping millions into space program. Virtual reality wedding preserves it forever. SeaWorld
Skyline Advances +5.02%; Drew Industries Close behind at +4.88% Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in June 2016 rose 20.4 percent over June of 2015, 6,062 last year compared to 7,299 for June 2016. According to official statistics released by the Dept. of Housing and Urban Development (HUD),
Production of HUD Code Homes up 20 Percent Read More
California modular home builder U. S. Modular, Inc. has been custom-home-building busy on the beach just south of San Diego at Ocean Beach. The latest, with a foundation currently being laid, is expected to be ready for occupancy next month, as sdnews informs MHProNews at this time. Vice president of
Modular Homes Rising above the Ocean outside San Diego Read More
Ritz-Craft Custom Homes will be opening its third plant in Mifflinburg, Pennsylvania due to a strong demand from builders doing work in residential developments, aided likely by the recent closing of the Excel Homes plant some 40 miles away in Liverpool, as MHProNews posted May 16, 2016. Ritz-Craft sells directly
Modular Home Builder Opening Third Plant in Mifflinburg Read More
Henderson County Commissioners in Texas have agreed to consider a request for a tax abatement from Clayton home building group, as themonitor informs MHProNews, and will hold public hearings on the matter. Clayton home building group has purchased a property formerly owned by Champion Homes, and plans to hire 250
Clayton Moving in where Champion Homes Moved Out Read More
Real estate investment trust (REIT) and manufactured home community (MHC) owner Sun Communities, Inc. released its quarterly financials, reporting $0.85 earnings per share (EPS), beating analysts’ consensus by $0.03, as thecerbatgem informs MHProNews. Although revenue was $140 million, well below the consensus estimate of $165.78 million, revenue was up 15
Sun Communities Beats Analysts EPS Estimate by $0.03 Read More
In the news from CNNMoney: Dow ends seven-day losing streak. Over 100 people laid off at Time Inc. Chinese elevated bus glides over traffic, reducing gridlock. Trump vows to outspend Clinton on roads, bridges. Atlantic City’s Trump Taj Mahal to close during strike. Private company gets OK for a moon
Dow Reverses Seven-Day Drop; Northstar Realty Finance Tops MH-related Gainers Read More
A new study by by the Research Institute for Housing America (RIHA) reveals that three of the major housing affordability indices studied do not tell a definitive story, but offer tendencies, as mpamag tells MHProNews. Donald Haurin, economics professor at Ohio State University, noting the many ways to measure housing
Housing Affordability Data Suggestive rather than Definitive Read More
MHProNews has learned from baseballnewssource that Phoenix-based Cavco Industries, Inc. (NASDAQ:CVCO) will release its quarterly earnings report on Wed., Aug. 3, 2016 after the close of the market. Analysts anticipate earnings per share will come in at $0.60. At the last quarterly report on May 26, the company reported earnings
Cavco Industries Set to Release Quarterly Financials Read More
Updating a story MHProNews posted July 28, 2016 regarding a lawsuit brought against a manufactured home community (MHC) owner in Pennsylvania for closing his community and neglecting to notify the residents of his responsibility to pay relocation costs, MHC owner Bill Chen is now suing a former resident for failure
MH Community Owner Slapped with Lawsuit, Slaps back at Former Resident Read More
Home prices rose in June 5.7 percent year-over-year, a slight drop from the 5.9 percent rise in prices in May, as CoreLogic tells nationalmortgagenews. The increase over May was 1.1 percent, MHProNews has learned. Prices for July will increase 5.3 percent year-over-year, and 0.6 percent on a month-over-month basis, CoreLogic
Home Prices in Northwest Nearly Double National Average Read More
In the news from CNNMoney: Trump: New York Times does not “write good.” Aetna rethinks Obamacare participation. Vancouver hits foreign homebuyers with massive tax. Buffett challenges Trump to discuss tax returns. Many big European banks have lost half their value. Oil returns to $40/bbl. Venezuelans may be forced to work
Manufactured Housing-related Stocks Fall Except Nobility Homes Read More
With Baby Boomers hitting 65 at the rate of 8,000 to 10,000 per day, many of them with elderly parents who may need attention due to medical problems, modular home builders are offering “granny pods,” small modular homes that can be attached to a larger house, or stand alone in
Assisted Living Modular Homes expected to Rise with Aging Population Read More
The stock of manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) has been on an upward tear recently, generating strong attention from investors and analysts as it marks a return on investment (ROI) of 8.40 percent, reaching $82.88 on a recent bid. (ROI is determined by dividing the return
Equity LifeStyle Properties, Inc. Yields ROI of 8.40 percent Read More
The Texas Quarterly Housing Report published by the Texas Association of Realtors (TAR) reveals strong gains in the second quarter as 91,418 homes were sold in Texas, a 4.4 percent increase over last year and the highest number of home sales ever. TAR Chairman Leslie Rouda Smith said, “Texas homes
Texas Home Sales Set a Record in Second Quarter Read More
Through the Hope VI Main Street Program, the U. S. Department of Housing and Urban Development (HUD) has awarded Bartlesville, Oklahoma a $500,000 grant to redevelop a 90-year-old abandoned church campus into a mixed-use development which will include affordable housing. The collaboration of Bartlesville Redevelopment Trust Authority (BRTA), Main Street
Affordable Housing Included in $500k HUD Grant to Oklahoma City Read More
The city commissioners of Etowah, Tennessee in the southeast part of the state have passed an amendment banning the siting of Tiny Homes within the city limits, as newschannel9 tells MHProNews. While some communities use the miniature homes for homeless people, and others to support simpler lifestyles, Etowah Director of
Tenn. City Bans Tiny Homes Read More
In the news from CNNMoney: 10,000 Indian workers face food crisis in Saudi Arabia. Washington State sues Comcast for $100 million. Nigerian man arrested in $60 million global scam. New York governor wants sex offenders off Pokemon Go. The next big thing in movie theaters is 4-D. Italy’s oldest bank
Oil Falls Below $40/bbl again; Deer Valley Shoots Up 15+ Percent Read More
