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.
According to seekingalpha, Universal Forest Products, Inc. (NYSE:UFPI) notched its best first quarter ever, posting Q1 sales of $682.2 million, 7.8 percent over the 2015 numbers, and $3.35 million better than the consensus estimates. The unit volume increased in all markets by an aggregate of nearly 13 percent. EBITDA (Earnings […]
Universal Forest Products Posts Record Revenue Read More
The National Association of Realtors (NAR) tells MHProNews that sales of existing homes rose 5.1 percent in March from the prior month to a seasonally-adjusted annual rate (SAAR) of 5.33 million, beating economists’ expectation of 4.3 percent and a rate of 5.30 million. Stephen Stanley, chief economist at Amherst Pierpont
Sales of Previously-owned Homes Rises in March Read More
In the news from CNNMoney: Gender pay gap in medical field as well: female doctors earn 24% less. United Continental airlines’ stock fell ten percent. U. S. weekly jobless claims hit 42-year low. VW will repurchase or repair nearly 500,000 diesel cars that cheat on emissions. Best job prospects in
Skyline Corp. Spikes 17.26%; UFPI falls -5.21% Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews a letter from the U. S. Department of Housing and Urban Development (HUD) to David A. Tompos, president of NTA in Nappanee, IN indicates HUD has hired SEBA Professional Services, LLC to review installation manuals for manufactured homes (MH). The
MHARR Criticizes Danner, HUD for Violating the MH Improvement Act of 2000 Read More
While the emphasis is clearly on recreational vehicles at the 42nd annual Puyallup (Wash.) RV Show, April 28 thru May 1 at the Washington State Fair Event Center, several manufactured homes will also be on display, as pressreleaserocket informs MHProNews. A product of the MHRV Show Association, opening day will
Puyallup RV Show will Include several Manufactured Homes Read More
Habitat for Humanity relies on volunteers to not only build the homes but also to appraise them, as well as participate in other aspects of the build, according to daltondailycitizen, and that may be in violation of the law. Because of allegations that appraisers were open to influence by lenders
Dodd-Frank: Sticking it to Habitat for Humanity? Read More
In the news from CNNMoney: Coca-Cola stock falls 5%. Harriet Tubman will grace the $20 bill. Brazil loses millions of jobs amid political crisis. Wegmans chosen as top grocery store in the U. S. followed by Publix and Trader Joe’s, all three of which are privately-owned. Saudi Arabia hurrying to
MHCV Advances +1.14 percent; Northstar gains most of MH-related Stocks Read More
Seeking to strengthen its ties in South America, Calgary, Alberta, Canada-based ATCO Group has acquired a 50 percent stake in Chile’s Sabinco Soluciones Modulares S. A., a space rental and workforce housing firm that accounts for ten percent of the modular housing market in Chile. Although it was not disclosed
Canada’s ATCO Acquires Stake in Chilean Modular Housing Company Read More
MHProNews has learned Capital One arranged the refinancing for Lakeside Mobile Home Community just northeast of Omaha, Nebraska at Carter Lake, Iowa, providing a $6 million adjustable-rate Fannie Mae loan for the 329-home site manufactured home community. Part of Inspire Communities, the funds will be used to retire older debt,
Lakeside Manufactured Home Community Receives $6M Fannie Mae Refi Read More
In the New York primary, with 98.8% of the votes tabulated, according to what politico tells MHProNews, Republican presidential candidate Donald Trump topped opponents Sen. Ted Cruz and Gov. John Kasich, winning 60.5 percent of the votes, 89 of the 95 delegates. Kasich earned 25.1 percent, picking up three delegates,
Trump Towers, Clinton Cruises to NY Win Read More
Writing in nreionline, R. Byron Carlock, Jr. of Price WaterhouseCoopers reminds MHProNews of the “invention” of the suburbs 70 years ago when Bill Levitt returned from the war and steered his family home construction business into building tract housing, appealing to the millions of returning veterans.`He envisioned mass-produced housing, eventually
National Real Estate Guru Affirms Manufactured Housing to meet Affordable Demand Read More
Joe Kelly, Executive Vice President of the Iowa Manufactured Housing Association (IAMHA), has notified MHProNews that he will lead a membership meeting Wed., April 27th at the Blackhawk Hotel in Davenport. Although the focus of the meeting is on community issues, he will also answer questions about retail issues since
IA Manufactured Housing Association Meeting around the State Read More
MHProNews has learned from amazonaws the Manufactured Housing Consensus Committee (MHCC) will sponsor a teleconference meeting on Wed., May 25, 2016 from 1 PM to 4 PM Eastern Daylight Time. A public meeting, citizens wanting to comment are encouraged to register in advance, and the MHCC will strive to include
MHCC set to Meet May 25, 2016 via Teleconference Read More
Joseph Stegmayer, CEO and President of Cavco Industries, Inc. (NASDAQ:CVCO) sold 20,000 shares of company stock valued at $1,798,099. based on a stock price of $89.90 per share. He now has 5.58 percent of Cavco’s market capitalization, owning 502,428 shares of company stock, according to clintongazette. Other large investors include
In Insider Trading…..Cavco, Drew and UMH Properties Read More
In the news from CNNMoney: Intel to cut 12,000 jobs, 11 percent of the workforce. The banana is under threat from a disease that is spreading across the globe. United Healthcare to leave most Obamacare exchanges. Chinese investors buying an Australian ranch the size of Ireland. Nordstrom cuts 400 jobs.
MHCV Advances +4.56 percent; Nobility Homes Gains +11.11 percent Read More
With weakness in all regions of the country except the Northeast, construction of new homes dropped 8.8 percent to a seasonally-adjusted annual rate (SAAR) of 1.09 million units in March, according to what heraldonline tells MHProNews, based on statistics from the Commerce Department. The slowest rate since October, it marked
New Home Construction Falls to Six Month Low Read More
The social action organization Architects for Society (AFS) has designed a hexagonal housing system for catastrophic situations that can be assembled by occupants-to-be. Designed to be shipped to disaster areas in pieces, the Hex House contains typical home amenities and can last 15 to 20 years. Multiple homes can be
Housing Complex Designed by Social Action Architects Read More
As part of a joint attempt to create more affordable housing in Waco, Texas, Clayton Homes in Waco is building a modular duplex to be sited on a lot owned by non-profit NeighborWorks, according to what wacotrib informs MHProNews. Each of the two 1,100 square foot units will feature three
Clayton, Next Step, NeighborWorks Collaborate on Low-income Housing Read More
The National Association of Home Builders (NAHB) informs MHProNews sentiment for home builders was unchanged for April, with the index remaining at 58 for the third successive month, according to marketwatch. Any number over 50 is positive for builders. The index is based on three sub-indices: the current state of
Home Builders Sentiment Remains Static; Attracting Workers Remains Problematic Read More
In the news from CNNMoney: Americans give the economy a “C” rating. Pulitzer Prizes handed out for the 100th year. Gun industry adds 24,763 jobs in 2015 following an unprecedented surge in gun sales, bringing total to 287,986 employed in the industry. Boston cancels North Carolina concerts because of LGBT
After Leading Gains for Two Days, Deer Valley Plunges Read More
