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.
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
MHPronews has learned from wmtw in Oxford, Maine that modular builder Keiser Homes is abruptly closing, ending work for 120 employees. Officials laid off 60 employees in April and said they would return by mid-May, but that was not to be. According to Julie Rabinowitz of the Department of Labor,
Innovative Building Systems filing for Bankruptcy, closing Keiser in Maine Read More
The Ohio Manufactured Homes Association (OMHA) reports Marcia Janie “Marnie” Sinclair Carabell, entrepreneur and one time owner of four manufactured home communities, passed away at her home in Hudson, Ohio, May 2, 2016. She was the owner of Oak Leaf Mobile Home Park in Cuyahoga Falls, Ohio, which she purchased
Passages: Marcia Sinclair Carabell Read More
In the news from CNNMoney: Disney’s massive Shanghai resort prepared to open. NBC bets big on the Rio Olympics. Expect long lines at the airport this summer. Trump university fraud trial going to court after election. Apple stock slumps to near two-year low. Only 160,000 jobs added in April. Airbag
All Active Tracked MH-related Stocks Gain in Today’s Trading, Skyline Leading Read More
Clayton Homes will be hosting it’s Annual Asheville Home Show at the Western North Carolina Agricultural Center in Fletcher, NC Fri., May 6 thru Sun., May 8, 2016. Now in its third year, the event is free and open to the public, children are welcome according to mountainx. While there
Clayton Underwrites Third Annual Asheville Home Show Read More
