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.
The Pending Home Sales Index (PHI) indicates September’s numbers fell 2.3 percent from the downwardly revised August 109.3 level, marking the second consecutive month it has fallen, according to jewocity. Analysts had expected a modest increase of 0.6 percent. However, the index was up three percent over September of 2014. […]
Drop in Pending Home Sales Surprise Analysts Read More
In response to a request from House Financial Services Committee Chairman Jeb Hensarling for ideas to address housing affordability and poverty, the Manufactured Housing Institute (MHI) offered constructive suggestions on improving regulations and programs that affect the manufactured home industry. In addition to shepherding H. R. 650, the Preserving Access
MHI Responds to Rep. Hensarling’s Request Read More
In the news from CNNMoney: CVS general merchandise sales burned from exclusion of tobacco products. In big oil: Chevron cutting 11% of workforce; Exxon profits fall 47%; ConocoPhillips loses $466 million. China wants to double its economy in five years. A record 1,426 Americans renounced citizenship in Q3 2015. October
Cavco Spikes 19.15%; MHCV Advances Nearly 10% Read More
MHProNews has learned from dakotafinancialnews that Charles Scott Green sold 1,500 shares of Universal Forest Products, Inc. (NASDAQ:UFPI) stock at an average price of $74.47 for a net of $111,705.00. The UFPI vice president now owns 19,226 shares of stock in the company valued at $1,431,760.22. The sale was disclosed
Insider Trading at Universal Forest Products, Inc. Read More
Following a story MHProNews last posted Aug. 21, 2015 regarding Irish modular homes being sold to Cross River State in southeastern Nigeria by Affordable Building Concepts International, ABCI is now being considered for building 10,000 modular units in nearby Anambra state, Nigeria, as social housing, according to irishtimes. Chief Willie
Second Nigerian State Pursuing Irish Modular Homes Read More
Financials for the second quarter of 2016 for Cavco Industries, Inc. (NASDAQ:CVCO) ending Sept. 26, 2015 indicate net revenue hit $192 million, an increase of 37.8 percent over the $139.3 million for the same period of 2015, as globenewswire reports. Cavco attributes the increase to the operations of two manufactured
Cavco’s Net Revenue Jumps Sharply, Gaining 37.8% Read More
An 81-bedroom modular hotel has just been completed in Hershey, Pennsylvania by Signature Building Systems of Moosic, PA, according to constructionglobal. The La Quinta Inn and Suites Harrisburg-Hershey hotel has all the amenities of the modern hospitality industry: heated indoor swimming pool, hot tub, state-of-the-art fitness center, dining area and
Modular Hotel Newly Opened in Pennsylvania Read More
As MHProNews knows, Newsmax’s top – #1 – rated retirement community in their list of 50 is The Villages. The Villages is a mix of HUD Code Manufactured Housing and other construction that includes site building that in some cases mimics the look of a manufactured home. With 56,260 homes,
Manufactured Home Community Named Top Retirement Locale in Florida Read More
In the news from CNNMoney: Foreign direct investment into the U. S. hit record $200 billion in first half of 2015. The U.S. economy only grew 1.5% between July and September, down from the 3.9 percent in Q2. GNC shares fall 28% after missing the mark on Q3 profits. Deutsche
Patrick Industries Drops Sharply; Skyline Corp. Gains the Most, Again Read More
Prior to the opening of the NY Housing Association’s 65th annual meeting, manufactured housing industry circles took a bit of umbrage at the remarks of George Moorehouse, a NY Code Enforcement Official who allegedly said “In ten years there will be no more new manufactured housing placed in the state
MH Industry Perturbed by NY State Administrative Agency Position Read More
MHProNews has learned from marketwatch that factory-built homes producer Cavco Industries, Inc. (NYSE:CVCO) will release its Q2 Fiscal Year 2016 financial results at the close of the market today, Thurs., Oct 29. A live webcast will be hosted by senior management the following day, Fri., Oct. 30 at 1 PM
Cavco to Release Earnings, host Webcast Read More
With unanimous approval from the Avon Park City Council on first reading, one hundred thirty-four acres of groves in Avon Park, Florida may soon become the largest manufactured home subdivision in the city, and one of the largest in Highlands County, as highlandstoday tells MHProNews. Avon Park City Manager Julian
Large Florida Manufactured Home Community on the Drawing Board Read More
Harking back to a story MHProNews has been following, and on which we last posted a story Oct. 23, 2015 regarding proposed modular homes for the homeless in Dublin, Ireland, five sites have now been identified for the first 150 homes of the 500 total planned. All five locations are
Dublin Identifies Five Sites for Modular Homes Read More
Real estate investment trust (REIT) and owner of manufactured home communities (MHC) Sun Communities, Inc. (NYSE:SUI) reported $0.95 earnings per share (EPS) for Q3, 2015, short of analysts’ consensus estimates of $1.04 by $0.09, according to dakotafinancialnews. The company has a 12-month low of $53.44 and a 12-month high of
Sun Communities Reports Q3 Financials Read More
In the news from CNNMoney: Fed keeps interest rates near zero. Pepper ball gun tough enough to repel intruders. Congress taps emergency oil supply to raise cash. On National Chocolate Day Hershey’s stock falls nearly five percent. Ads on CNBC during GOP debate go for $250,000. Toyota takes number one
Skyline Spikes 9.03%; Interest Rates Remain Low Read More
In noting the 50th anniversary of former President Lyndon Johnson’s legislation creating the Department of Housing and Urban Development as a means to provide housing assistance in a growing urban population, Financial Services Committee Chairman Jeb Hensarling (R-TX) has issued a challenge to the public for assistance in solving the
Deadline for Comments on HUD Program Rapidly Approaching Read More
Updating a story MHProNews last posted Oct. 23, 2015 regarding the Federal Emergency Management Agency’s (FEMA) housing assistance to survivors of the Butte and Valley Fires in California, mymotherlode reports crews are busy removing debris and household hazardous waste materials. The state and federal EPA (Environmental Protection Agency) continue to
50+ FEMA Manufactured Homes are on the Way Read More
By some estimates, ranked as the largest private equity firm in the world with $193 billion in assets under management, the Washington, D. C.-based Carlyle Group has invested in another manufactured home community (MHC) in California, according to bizjournals. As MHProNews reported Sept. 22, 2015, Carlyle took part ownership in
Carlyle Acquires another Bay Area Manufactured Home Community Read More
MHPronews has learned from Forbes that new home sales fell 11.5 percent in September to 468,000 units, a drop from the 529,000 units in August, yet two percent higher than home sales in 2014 of 459,000. The median sales price of new homes, however, rose to $296,900 in September, up
New Home Sales Drop as other Housing Indices Strengthen Read More
In the news from CNNMoney: Many stocks fall on disappointing corporate third quarter results. IBM being investigated by the FBI. CEO raises company minimum wage to $70,000. Cheap oil forcing Saudi Arabia to consider ending gas subsidies. If Uber succeeds in its next fundraising, it will be worth $60-70 billion—more
Skyline Erases Gains from Two Days; MHCV drops -2.15 Percent Read More
