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 Mortgage Bankers Association (MBA) reports for the week ending Sept. 26, mortgage applications slipped 0.2 percent on a seasonally adjusted basis from the previous week, while on an unadjusted basis the Market Composite Index (MCI) decreased 0.4 percent. The Refinance Index fell 0.3 percent from the week prior, while […]
Mortgage Applications Dip for week Ending Sept. 26 Read More
The Lloydminster City Council in west central Saskatchewan, Canada, just over the line from Alberta, voted for a 97 percent increase for daily manufactured home (MH) licensing fees over the next two years, according to wireservice.ca. The province’s Greens leader, Victor Lau, noting this is sending the wrong message to
Canadian City Seeks to Increase MH Licensing Fees Read More
Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down
UMH Properties Declares Stock Dividend Read More
Following a story MHProNews has posted recently regarding Cavco Industries, Inc.’s attempt to acquire competitor Elkhart, Indiana-based Skyline Corporation, Indiana’s Control Shares Acquisition Statute makes a hostile takeover difficult. However, if the raider can persuade a majority of non-interested shareholders (meaning everyone besides management, and the raider) to give it
Control Shares Statute may Protect Skyline from Cavco Read More
While Skyline Corp. of Elkhart, Indiana is determining what suitor, if any, will acquire all or part of the company, founder Art Decio has agreed to donate $20,000 for high definition movie equipment for the Roosevelt Center gymnasium in Elkhart, where he and Mayor Dick Moore played basketball some 60
Skyline Founder Art Decio Donates Movie Equipment to Boyhood Gym Read More
The fear among investors may have hit a fever pitch because of ebola, ISIS, Europe’s economy, or protests in Hong Kong, as more stocks have hit 52-week lows as opposed to 52-week highs. It may be the “correction” that some analysts and pundits have bandied about recently. As CNNMoney informs
Dow Plunges, MH Composite Advances, Skyline Falls Back Read More
The 2015 Louisville Manufactured Housing Show will be held Wed., January 21 through Friday January 23 at the Kentucky Exposition Center near the Louisville Airport. The show has grown each year recently in attendance, number of exhibitors and number of manufactured homes on display, providing a marketplace for builders, developers,
Dates Set for Louisville Manufactured Housing Show Read More
The RV/MH Hall of Fame has issued a reminder that the deadline for nominations for inductees into the Class of 2015 will end Oct. 31, with selections made in Jan. 2015. Nominees must have 25 years experience in any segment of the manufactured housing or recreational vehicle industry in order
RV/MH Hall of Fame Nominations due this Month Read More
The Renew Collection of Deltec Homes of Asheville, North Carolina offers homes with net-zero level of efficiency, reducing energy consumption by two-thirds compared to a traditional site-built home, according to sbcmag.info. Featuring double-stud walls, solar panels, triple-paned windows, exterior insulation and fresh air ventilation, their first net-zero home was delivered
North Carolina’s Deltec Sites First Net-Zero Home Read More
An architect from Australia visiting modular home manufacturers in Japan notes the factories are similar to automobile assembly lines with many robots, houses moving along assembly lines and technicians doing the jobs the robots cannot. Mathew Aitchison from the University of Queensland says he visited four different companies making modular
Japanese Modular Homes Standardized but Warrantied for 20 Years Read More
According to the National Association of Realtors (NAR), the Pending Homes Sales Index (PHSI) slipped 1.0 percent in August to 104.7 from 105.8 in July, and is now below the August 2013 reading of 107.1. Regardless of the slight decline, as the worldpropertychannel.com reports,the index remains above 100 (an average
Pending Home Sales Slip a Percent Read More
During the Manufactured Housing Institute’s (MHI) 78th annual meeting, Darryl Searer, chairman and president of the RV/MH Hall of Fame and Barry Cole, president of MH Insurance Services and past chairman of the Hall, urged assistance from the attendees to help retire the Hall’s debt, which has resulted from prior
RV/MH Hall of Fame Kicks off New Fundraiser Challenge Read More
In response to Cavco Industries, Inc. attempt to acquire Skyline Corporation following Skyline’s announcement it will spin off its RV division to Evergreen Recreational Vehicles, LLC, as MHProNews reported Sept. 29, cnnmoney.com reports the company’s board of directors issued a statement: “Our Board has established a special committee tasked to
Skyline Responds to Cavco’s Letter Read More
The Dow Jones Industrial Average nudged down for the second straight day, although managing to keep its head above the 17,000 mark, -28.32 points, -0.17 percent, to close at 17,042.90. Both the Nasdaq and the S&P 500 fell -0.28 percent, the Nasdaq dropping -12.46 points, to end the day at
Skyline Continues Climbing, as Manufactured Housing Composite Drops Read More
According to syracuse.com, Onondaga County officials in New York are considering modular units to house a growing number of mentally ill inmates as they negotiate a multimillion dollar expansion of the Justice Center. With 35-40 percent of the inmate population having mental health problems, the 671-bed county jail has only
County Jail looking to Modular Incarceration Units Read More
In the 20 years from 1991 to 2011, the number of owner-occupied homes grew from 59.8 million to 76.1 million, a gain of 27 percent, while the number of renter-occupied homes rose from 33.4 million to 38.8 million, according to surveys conducted by the U. S. Department of Housing and
Homeownership has Grown Steadily; Rentals are now Surging Read More
Included in the 300 exhibitors at the Montreal Fall Home Expo in Montreal, Canada will be a variety of modular homes, including Maison Bonneville’s Intergenerational EVO3 home. A blend of contemporary and traditional styling, according to montrealgazette.com, the home has three bedrooms and a play area on the ground floor,
Modular Homes included in Montreal Home Show Read More
McGill Commercial of Beaverton, Oregon wants to build an age-restricted, 103-homesite manufactured housing community at the northern edge of Florence, OR, according to register-guard.com. On July 7, the city council voted unanimously to change the zoning from commercial to manufactured homes. McGill paid $450,000 for the 13.7-acre tract, and plans
Manufactured Housing Community Planned for Oregon Read More
Baltimore’s Episcopal Housing Corp. is planning a 12-unit modular efficiency apartment building for homeless individuals, according to bizjournals.com. Each of the 680 square foot structures would be divided in half to make two 340 square foot apartments at a cost of $1.2 million, or $100,000 each. Episcopal Housing is working
Baltimore Planning Modular Units for the Homeless Read More
Although the value of the dollar measured against other foreign currencies has reached its highest level in four years, in part because the U. S. economy is seen as improving, the three major indexes slipped modestly in today’s trading. The Dow Jones Industrial Average nudged down -41.93 points, -0.25 percent,
Chased Skyline Rises, Deer Valley Slides Read More
