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 economy created 248,000 jobs in September and the unemployment rate fell to 5.9 percent, propelling all three major indexes to gain over one percent. The Dow Jones Industrial Average gained +1.24 percent, +208.64 points, to land at 17,009.69, while the Nasdaq advanced +1.03 percent, +45.42 points to close at […]
Liberty Homes Dips Sharply; Dow, Nasdaq and S&P all Gain over One Percent Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews statistics supplied by the Department of Housing and Urban Development (HUD) indicate production of HUD Code manufactured homes reached 5,955 in Aug., a 1.2 percent increase over the 5,886 manufactured n Aug. 2013. Cumulative totals for the year reveal production
HUD Code Homes Production Continues to Grow Read More
Following up on a story MHProNews posted Sept. 20, 2013 regarding damage to 560 manufactured homes (MH) in Vermont by Tropical Storm Irene in 2011, the Vermont Housing and Conservation Board (VHCB) is funding ten MH by the Vermont Energy Investment Corporation as part of the Manufactured Housing Innovation Project.
Energy Efficient Manufactured Homes Replace Storm Irene Damage Read More
Following a story MHProNews first posted Sept. 5, 2014 regarding a plan to site 166 modular homes on both sides of the South Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal initially called for four times the density currently allowed by law, but the
Canadian Modular Housing Development may need Lower Population Density Read More
According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon,
Killam to Release Q3 2014 Financials Read More
The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source
California Home Prices Rising above Affordability for Hispanics Read More
Worried investors are returning to the shelter of gold as the three major indexes remained flat in today’s trading. The Dow Jones Industrial Average slipped -0.02 percent, -3.66 points, to land at 16,801.05, while the Nasdaq nudged up +8.01 points, +0.18 percent to close at 4,430.20. The S&P 500 gained
MH Composite Advances more than Dow, Nasdaq and S&P 500 Combined Read More
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
