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.
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
Despite all the criticism aimed at Berkshire Hathaway’s Clayton Homes over allegations of predatory and discriminatory lending through its two finance wings, marketing director Carl Hill said Clayton has had a very good spring and continued year-over-year growth, according to reuters. As MHProNews has reported monthly, manufactured home (MH) production
Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good Read More
Combining old world craftsmanship with modern modular designs has brought together a partnership combining East Coast Modern, which is an architectural firm in Halifax, Nova Scotia, with builder Lloyoll Built, and the Port Mersey Commercial Park, where the modules are being built in Warehouse B. Formerly the Bowater Mersey Paper
Architectural Firm and Builder Collaborate on Modern Modular Homes Read More
While the wildfire engulfing Fort McMurray in Alberta, Canada has burned 1,600 buildings and forced 80,000 people to flee their homes, stocks for companies that produce temporary accommodations have shot up as much as 35 percent, according to what bloomberg tells MHProNews, although Andrew Bradford of Raymond James, Ltd. says
Alberta Wildfires have Driven Residents to Safety in Workforce Housing Read More
Thousands of enthusiastic followers descended on Lincloln, Nebraska to hear Warren Buffett, Chairman of Berkshire Hathaway, the parent of Clayton Homes, expound at the company”s annual meeting, as housingwire tells MHProNews. According to Fortune, Buffett said the housing market is on stable footing, noting, “I don’t see a nationwide bubble
At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble Read More
In the news from CNNMoney: KFC introduces ‘Finger Lickin’ Good’ nail polish. Fastpitch softball player Monica Abbott signs $1 million contract, first U. S. woman in team sports to sign a contract at that level. Cloud computing and data mining skills will get you a job. Amazon is investing in
Louisiana Pacific Gains almost 4.5%; MHCV Slips -1.06% Read More
Waltham, Vermont is saying goodbye to the six-year abandoned Gevry Mobile Home Park with the sounds of demolition, as it welcomes the new McKnight Lane neighborhood in its stead. Fourteen homes are being demolished and 14 new, affordable modular homes will replace them, according to Katie Forleo of the non-profit
New Modular Vermont Neighborhood will be Net Zero Read More
Following a story MHProNews posted April 29, 2016 regarding Drew Industries increasing its line of credit from $100 million to $200 million, with up to $50 million earmarked for approved foreign currencies, the component supplier to the manufactured home (MH) and recreational vehicle (RV) industries, has acquired Project 2000 S.r.l.,
Drew Wastes no Time Moving on Europe Read More
