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.
Employing 2,142 team members from 10 supply operations and seven home building facilities in Alabama, as well as having built 5,734 homes in the state, manufactured home builder Clayton Homes will host its very first Birmingham Home Show May 17-19, 2016, at the Birmingham-Jefferson Convention Complex. Showcasing 27 homes, Keith […]
Clayton Homes Inaugurates Birmingham Home Show Read More
Following a story MHProNews last posted May 7, 2016 regarding the purported bankruptcy of Innovative Building Systems (IBS) and the subsequent closing of subsidiary Keiser Homes in Oxford, Maine, richmond reports from Rocky Mount, Virginia that IBS-owned Mod-U-Kraf and Excel Homes has also closed here, idling up to 219 workers,
Innovative Building Systems Closing; Champion may Pick up the Pieces Read More
In the news from CNNMoney: Walmart sues Visa over chip debit card rules. Volkswagen probe clears top executives. Oil tycoon T. Boone Pickens would prevent Muslims from coming to the U. S. until they are vetted. A fight club for giant robots is in the works. Macy’s is in serious
Cavco Spikes +9.02%; Dow Falls -217.23 Points Read More
With a focus on people who cannot qualify for a mortgage, especially low-income families who have been denied bank lending, a revival in seller-financed home sales has attracted the attention of the Consumer Financial Protection Bureau (CFPB) because of concern some of the dealings may violate federal truth-in-lending laws. One
CFPB may Investigate Seller-financed Home Sales Read More
MHProNews has learned that Colony Capital Inc., a Los Angeles-based international investment and asset management firm, is negotiating to acquire NorthStar Asset Management Group, Inc. which split off from NorthStar Realty nearly two years ago, resulting in the decline of both stocks. NorthStar Realty is a real estate investment trust
NorthStar Spinning off Manufactured Home Community Portfolio Read More
In the wake of UMH Properties, Inc. solid first quarter, the company plans to add 700-800 rental homes in fiscal year 2016, saying, “Our strong Q1 results represent an excellent start to 2016 that we intend to build upon going forward,” according to thefly. As MHProNews reported May 9, 2016,
UMH Properties to Add Rental Homes Read More
Three-and-a-half years after Hurricane Sandy ripped up the east coast of the U. S. in Oct. 2012, leaving 7.9 million businesses and households without power, causing 147 deaths in the U. S., Canada and the Caribbean, families are still facing obstacles in resolving housing issues. An information session will be
Manufactured Housing Issues Remain from Hurricane Sandy Read More
In the news from CNNMoney: Anheuser-Busch renames Budweiser “America” May 23 through the presidential election. Fear of terrorism is hurting European airlines. Saudi Arabia’s state-owned oil company, the largest in the world, is preparing an IPO to raise funds in the face of falling oil prices. U. S. has record
Affiliated Managers Group Gains 3.48%; Dow Advances 222.44 Points Read More
MHProNews has learned from fidaily that Anchor Capital Advisors LLC has decreased its stake in Sun Communities, Inc. (SUI) by 9.2 percent in the previous quarter, selling 104,377 shares valued at $3,967,000, leaving its current stock in Sun valued at $74,078,000. Advantus Capital Management increased its position in Sun by
Hedge Funds Change Stake in Sun Communities Read More
According to a report courtesy of HousingEconomics.com, the National Association of Home Builders (NAHB) states that 24.3 percent of the average cost of a new single-family home is the result of government regulations at all levels. Three-fifths, or 14.6%, of the eventual house price comes from regulations imposed during the
Regulatory Costs for New Home Construction Keep Climbing Read More
The U. S. Department of Housing and Urban Development (HUD) reports to MHProNews for the first time ever it has allocated $174 million through the new Housing Trust Fund, an affordable housing production program to complement existing governmental efforts—local, state and national—intended to increase and preserve affordable housing for extremely
New Housing Trust Fund has $174M to Acquire Affordable Housing Read More
Manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) reports for its quarterly earnings statement it met Thomson Reuters’ consensus earnings per share, as MHProNews has learned. The company reported Core Funds from Operations of $4,620,000, $0.17 per diluted share for the quarter ending March 31, 2016, as
UMH Properties Meets Analysts’ Earnings Per Share Read More
Caritas Corp., California-based non-profit affordable housing corporation, will adopt MRI Software’s multifamily solutions to keep track of 20 manufactured home communities (MHC) in its goal of maintaining quality, affordable housing for low income persons. With the dearth of reliable, long-term reasonably-priced housing, Caritas attempts to create vibrant communities where resident
MRI’s Software Adapts well to non-profit Operator of MHCs Read More
In the news from CNNMoney: Psychic guidance scam finally shut down by U. S. government after $200 million fraud, with more victims than Madoff. McDonald’s stock at all-time high. Uber and Lyft left Austin, TX after refusing requirement to fingerprint drivers as part of background checks. Krispy Kreme acquired in
Drew reports Strong Q1, Gains +8.87 Percent Read More
Consolidated net sales for Drew Industries, Inc. (NYSE:W) for the first quarter ending March 31, 2016 rose 17 percent higher than the comparable period of 2015, to $423 million, yielding net income of $36 million, as prnewswire tells MHProNews. For the supplier of components to the manufactured home (MH) and
Drew’s Net Income for Q1 Rises $16 Million over Last Year Read More
MHProNews has been informed by ottawacitizen that award-winning modular home designer Karoleena of Okanagan, British Columbia, Canada has been acquired by Horizon North Logistics, Inc., a builder of relocatable modular workforce housing in remote areas, as well as camp management accommodations and catering. To meet the growing need for a
What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing
Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More
MHProNews has been notified by broadwayworld that UMH Properties, Inc. (NYSE:UMH) won the Manufactured Housing Institute’s (MHI) Land Lease Community of the Year award for the Northeast/Mid-Atlantic Region, presented at the 2016 MHI Congress and Expo in Las Vegas, May 4, 2016. Pine Manor is an active 55+ community in
UMH Wins Manufactured Home Community of the Year Award Read More
The National Association of Home Builders (NAHB) informs MHProNews that builder confidence in NAHB’s 55+ Housing Market Index dropped five points from the previous quarter, but remains at 56, where any reading above 50 indicates builders feel more positive than negative about the next six months. It also marks the
NAHB:Builder Confidence in 55+ Market Slips, yet Still on Positive Ground Read More
The Manufactured Housing Institute’s (MHI) 2016 Congress and Expo held at Caesar’s Palace Conference Center in Las Vegas Nevada is now in the rear view mirror. For a pictorial ‘flash report’ of some of the people and sights, please click here. ## (Image credit, MHProNews)
Manufactured Housing Institute (MHI) 2016 Congress and Expo Flash Report Read More
