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 Oak Grove High School (OGHS) in the Lamar County School District in southeastern Mississippi has grown by 331 students since last year, the only district to see significant growth in a two-county area. While 18 additional classrooms are under construction, a modular unit with eight classrooms that was added […]
Need for Modular Classrooms Continues Read More
Frank LaCrosse and Jib Turner are building small, modular homes in Little Current, Ontario, Canada—inexpensive to heat, maintain and afford. The 600-1,000 square foot homes have safe spray foam between the lightweight steel studs, in advance of the drywall, and the outside is an exterior insulation and finishing system, called
Builders Betting on Small Modular Homes in Northern Ontario Read More
Following on the heels of Skyline Corporation’s tentative agreement to sell its recreational vehicle (RV) division to Evergreen Recreational Vehicles LLC, as MHProNews reported Sept. 26, Cavco Industries, Inc. announced that it has attempted for the past 30 days, through various channels, to open a dialogue with the Skyline board
Cavco Industries Attempting to Acquire Skyline Corp. Read More
Consumer confidence moved to a 14-month high, according to a Thomson Reuters/University of Michigan index. While economists in a Bloomberg survey projected 84.8 for Sept., the actual number came in at 84.6, a jump from 82.5 in August. According to rvbusiness.com, employment is growing at the strongest pace in 15
Latest Survey Indicates Consumer Sentiment is Rising Read More
Following news that Skyline Corp is offloading its RV division to Evergreen, as MHProNews reported, Skyline’s stock shot up 22.81 percent, +0.65, to end the week at $3.50, while the Dow Jones Industrial Average regained part of yesterday’s 264 point nosedive, moving up +167.35 points, +0.99 percent, to close at
Skyline Skyrockets Amid Spinning off its RV Division; Dow, Nasdaq and S&P all Rise Read More
Evergreen Recreational Vehicles of Middlebury, Indiana and Skyline Corp., (SKY) producer of manufactured and modular homes and recreational vehicles, have signed a letter of interest for Evergreen to acquire all the assets of Skyline’s RV division. According to insurancenewsnet.com, Kelly L. Rose, board chairman of Evergreen, says, “I am very
Evergreen RV to Acquire Skyline’s RV Division Read More
Harvard University’s Joint Center on Housing report on senior housing notes an American Association of Retired Persons (AARP) study focuses on four areas: hunger, isolation, housing and income. Of the four, housing is a linchpin for overall well-being. Many older adults sacrifice food, health care and transportation to maintain a
Adequate Senior Housing Lacking in many Communities Read More
According to housingwire.com, the latest CoreLogic report indicates 946,000 properties regained positive equity in the second quarter of 2014, increasing borrower equity year over year by an estimated $1 trillion. The number of homes that remain in negative equity has fallen from 7.2 million, or 14.9 percent of all homes
More Underwater Homes are Beginning to Float again Read More
This off-the-grid modular retreat in Victoria, Australia is equipped with solar panels, a septic tank and rainwater cachement to minimize environmental impact. Commissioned by a businessman who spends much of his time away, the 1,033 square-foot dwelling by modular builder Modscape is made to withstand extended periods of vacancy, requiring
Modular Dwelling is Self Sufficient in Australian Outback Read More
Killam Properties, Inc. (TSE:KMP) has announced a dividend of $0.05 per share on Wed. Oct 15, 2014 to shareholders of record on Sept. 30, according to watchlistnews.com. This represents a dividend yield of 5.76 percent. With five analysts having issued a hold rating and two a buy rating, Killam has
Killam Properties Announces .05 Dividend Read More
Investors moved away from the Wall Street dance floor in today’s trading, leaving a trail of stocks behind, as tech stocks pulled the Nasdaq down nearly two percent, and pushed down the Dow Jones Industrial Average -264.26 points, -1.54 percent, to close at 16,945.80. The Nasdaq tumbled -88.47 points, -1.94
Skyline Corp. Bellows, while Nasdaq Tumbles Read More
Mario Gabelli, with over $19 million invested in stocks, has reduced his position in Skyline Corp., a producer of manufactured homes and recreational vehicles, by 3.21 percent. He now holds 406,700 shares, which represents 4.85 percent of the company, according to yahoofinance.com. Gabelli has decreased his holdings in the company
Gabelli unloads Skyline Corp. Stock Read More
Marcus & Millichap’s Manufactured Housing Research Report says rising home prices, improving job outlook and an expanding baby boomer population are adding to increased occupancy in manufactured home communities (MHCs), a trend the real estate investment services company reports will continue. Concurrently, investors looking for large, top quality communities with
Report Cites Uptick in Demand for MHCs by Investors and Baby Boomers Read More
In a story MHProNews has been following since earlier this year, and last posted an article July 30, 2014, regarding Wyoming Homes owner David Valenti being charged with theft for selling modular homes and not delivering, a Freeland, Penn. women was awarded $59,060.28 in damages for a home that was
Penn. Women Awarded $60k over Mangled Modular Home Deal Read More
Paul LaMonica of CNNMoney says the Russell Index of small cap stocks is down four percent in Sept., wiping out the gains for the year, driving investors to put their money in blue chips like Merck, Johnson & Johnson, Apple, Wells Fargo, Microsoft and Disney, which are beating the broader
Affiliated Managers Group Edges Up; Dow Gains over 100 Points Read More
Following a story MHProNews posted Sept. 17 regarding Sun Communities, Inc.’s (SUI) announcement of a public offering to raise shares to help fund its recent $1.32 billion acquisition of 59 manufactured housing communities (MHCs) from Green Courte Partners, LLC, the offering is now closed. The 6,900,000 shares of commons stock,
Sun Communities closes on Public Offering Read More
While sales of existing homes fell 1.8 percent in August, as MHProNews reported Sept. 23, sales of newly-built, single-family homes rose 18 percent in the same month, hitting a seasonally-adjusted annual rate of 504,000 units. The National Association of Home Builders (NAHB) reports this was the best pace in six
Best Rate of New Home Sales in Six Years Read More
Updating a post MHProNews last published Sept. 19, 2014 regarding the continuing saga in New York over the stalled 32-story modular apartment complex between developer Forest City Ratner and builder Skanska, construction is idled while counter lawsuits remain in the courts. According to nydailynews.com, Ratner cannot proceed with another contractor
Design Flaw or Cost Overruns: Forest City Ratner versus Skanska Read More
In honor of Manufacturing Day, with over 1,500 events scheduled around the nation the first week of October, six Deming, New Mexico businesses are leading tours of their facilities, according to demingheadlight.com. Participants in this town in southwest New Mexico will board a morning bus Oct. 2, 2014, and one
Solitaire Manufactured Homes part of Tour Read More
Equity LifeStyle Properties, Inc. (ELS) will pay a cash dividend of $0.325 per share Oct. 10, 2014 to shareholders of record Sept. 24, 2014, marking the third quarter the company has paid the same dividend. The dividend yield is 3.08 percent at the stock price of $42.25, according to nasdaq.com.
Zacks Forecasts Profitable year for Equity LifeStyle Properties Read More
