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 from analystratingreport that Cavco Industries, Inc., reported $0.89 earnings per share (EPS) for its third quarter fiscal year 2016, beating the analyst consensus by $0.09 EPS. The company’s revenue of $181.40 million for the quarter also beat analysts estimates of $174.10 million. Compared to the same quarter …
Following a storyline MHProNews has posted several times, the last being Jan. 25, 2016 regarding opposition to modular homes in Cape Coral Fla., the developer says changes are coming to make the homes fit in better with the neighborhood. Beginning in Feb., garages will be attached to homes, breezeways will …
Cape Coral Contenders Continue Criticizing Modulars at City Council Read More
Thirty-three years before Harlan Dirks and his son, Dave, bought the Arrowhead Mobile Home Park in 1992 in Toledo, a town of nearly 2,300 pop. in central Iowa, Harlan opened the Dirks Real Estate office in town. Fifty-seven years later, the Dirks Real Estate banner still flies, representing residential, business, …
The Dirks Tripled the Size of their Manufactured Home Community Read More
Moses Lake, in east central Washington state, is in the process of complying with a 2004 state law that requires cities allow manufactured homes (MH) in the same neighborhoods as stick-built homes, according to what ifiberone tells MHProNews. While the city had prevented MH from being sited in single-family residential …
Manufactured Homes can be Sited in any Single-family Residential Area Read More
In the news from CNNMoney: Morgan Stanley says there is a 20 percent chance of a recession in 2016. Warren Buffett to appear on Celebrity Apprentice. Due to the oil crunch, Azerbaijan may need an international bailout. Wages fell in 80 of the country’s largest 100 cities during the recent …
Dow Continues its Volatility, while MH Stocks Remain Relatively Quiet Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Manufactured Housing Consensus Committee (MHCC), meeting in Louisville during the Louisville Manufactured Housing Show, discussed the fact that HUD, in further non-compliance with the Manufactured Housing Improvement Act of 2000, wants to increase unnecessary and excessive regulation that …
Data released by the Census Bureau and the Department of Housing and Urban Development (HUD) reveal sales of new, single-family homes rose 14.5 percent in 2015 to 501,000 units, the highest number since 2007, according to lbmjournal. In Dec. alone sales were up 10.4 percent over Nov. 2015 to a …
Residents of the Mallard Lake manufactured home community at Pontoon Beach, Illinois, near Alton, were forced from their homes by a flood. Upon their return, up to a week or more later, some were surprised to find eviction notices taped to their door for late payment, as advantagenews informs MHProNews. …
No Damage from Flood in IL Manufactured Home Community Read More
New data obtained by MHProNews from skylinenewspaper indicates existing residential property prices rose 8.9 percent over the last year in the greater Chicago area, while the median price of a single-family home spiked 11.6 percent, according to the Chicago Tribune. The average price of a single-family home rose to $217,700, …
In a Schedule 13G/A Disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned Wells Fargo & Company owns 6.3 percent of manufactured home community owner UMH Properties, Inc. The 1,697,525 shares of stock are valued at $16,126,488. UMH stock has a one-year low of $9.01 and a …
Wells Fargo has money in Manufactured Home Community Owner UMH Read More
MHProNews has learned from streetinsider that Lippert Components, Inc., the wholly-owned subsidiary of Drew Industries, Inc. (NYSE:DW) has acquired the pontoon furniture manufacturing business of Highwater Marine, LLC, which is a leading manufacturer of pontoon boats and other recreational marine craft. Both Drew and Highwater are situated in Elkhart, IN. …
In the news from CNNMoney: Commute to work on a one-wheeled scooter that travels on any surface. Federal Reserve says U. S. economy lost momentum at end of 2015. Primary care physicians are highest paid in Arkansas, lowest in Delaware. Coffee prices fall. Black drivers in Fla. are nearly twice …
Dow Continues its Volatility, most Tracked MH Stocks Fall Read More
An ordinance mandating brick foundations under manufactured homes that was passed in 2001 in Caswell County, South Carolina is being reexamined by the Caswell County Board of Commissioners who are considering adding other options to keep costs down for MH residents. Opponents to the change like the aesthetic uniformity of …
Commissioners Suggest optional Underpinnings for Manufactured Homes Read More
In an attempt to maintain affordable housing for seniors, the Santa Clarita (Calif.) City Council voted to prevent senior-only manufactured home communities (MHCs) from converting to all-age communities. Council members unanimously approved an “urgency ordinance” that establishes a 45-day moratorium on such conversions, according to signalscv, while city officials continue …
City Prevents Senior MHCs from Converting to All Age Communities Read More
Dozens of comments from MHPros coast to coast came in within hours in response to an OpEd by publisher L. A. ‘Tony’ Kovach. Writing on the Masthead blog, Kovach outlined examples of errors and tensions within the Manufactured Housing Institute (MHI), which allegedly point back to the national association’s CEO …
Should the Manufactured Housing Institute’s CEO Richard ‘Dick’ Jennison resign? Read More
Updating a story MHProNews last posted Jan. 12, 2016 about the ongoing attempt at classifications and placement of manufactured/mobile homes by the Washington, Indiana City Council, the council sent the ordinance back to the plan commission for stronger language about where “Type III, what is typically found in mobile home …
Indiana City Still Trying to Regulate Manufactured Homes Read More
In the news from CNNMoney: Oprah loses 26 pounds, Weight Watchers stock soars. China stocks lose another six percent, as cries of U. S. recession get louder: Survey of economists reveal 18 percent chance of all-out recession. Disney sued for replacing American workers with foreigners. Kalashnikov AK-47s now made in …
Dow Continues its Volatility, most Tracked MH Stocks Active Read More
Missing the Thomson Reuters estimate by $0.01 earnings per share (EPS), Equity LifeStyle Properties, Inc. posted Q4, 2015 EPS of $0.74, earning $201.60 million for the quarter, as compared to analysts estimates of $189.09 million. Revenue increased 5.9 percent over the same quarter last year when ELS posted EPS of …
In a news release from prnewswire, the board of directors of Patrick Industries, Inc. (NASDAQ:PATK) has authorized a repurchase of up to $50 million of the company’s common stock over the next two years. Share buyback will be made on the open market or in private transactions. CEO Todd Cleveland …
According to wktv, Americans were back to building larger, more expensive homes in 2015, reports the National Association of Home Builders (NAHB). The average square footage of a new home rose 40 sq. ft. above 2014 to 2,700 sq. ft., adding the size of a large closet. Nearly half of …
