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.
Sluggish earnings reports held back stocks in today’s trading, although the S&P and the Nasdaq show gains on the week, while the Dow Jones Industrial Average fell slightly overall. CNNMoney informs MHProNews the Dow Jones Industrial Average fell -123.23 points, -0.74 percent, to 16,960.57, while the Nasdaq lost -22.55 points, …
Third Ave. Value Fund Squeaks out a Gain; Dow, Nasdaq, S&P Fall Read More
The founders of Polyvulc USA, Inc. are trying to arrange an immediate sale of the company, allegedly for health reasons, according to plasticsnews.com. Fred Farrell and Larry Lambiotte began the company, making injection molded pier pads from recycled plastics as support systems for manufactured homes in Vicksburg, Mississippi in 1995. …
Manufactured Housing Component Supplier on the Block Read More
Elkhart, Indiana-based Lippert Components, Inc. (LCI) is sponsoring Logan’s Run for the Logan Center in South Bend, IN Aug. 2, an annual fundraiser for the agency that aids people with disabilities, according to RVBusiness.com. Approximately 50 chassis division employees and their families have volunteered for the event, flipping pancakes, distributing …
MHProNews.com has learned from digitaljournal.com that Zacks Investment Research has downgraded Universal Forest Products Inc.’s (UFPI) stock from neutral to underperform based on its revenue for Q2 2014 of $784.2 million, lagging the Zacks Consensus Estimate of $863 million. While earnings per share of $1.13 were 43 percent greater than …
A former Clayton Homes plant in Hartselle, Alabama has been purchased by Mitchell Investment Properties, LLC and will be leased to Aqua Marine Enterprises, Inc., manufacturer of individual and community storm shelters. Located in northwest Alabama where the 2011 tornadoes created such havoc, the shelters have been in great demand. …
The Dow Jones Industrial Average and the Nasdaq remained flat in today’s trading as the S&P inched to a new high, just short of the 2,000. mark, nudging up +0.05 percent, +0.97 points, to close at 1,987.98. CNNMoney informs MHProNews the Dow Jones Industrial Average slipped -2.83 points, -0.02 percent, …
The General Assembly of North Carolina is considering House Bill 625 which would allow a temporary transportable residential structure to be sited on lots zoned single-family residential to care for a physically or mentally impaired person, providing the housing unit complies with all federal, state and local building codes and …
North Carolina Considering Temporary MH Health Care Facility Read More
The IMHARVIC (Indiana Manufactured Housing Association Recreation Vehicle Indiana Council) reports staff members of 2nd Indiana District U. S. Congresswoman Jackie Walorski toured the Fairmont Homes factory in Nappanee, IN earlier this month. 2nd District Director Ben Falkowski and Field Representative Brian Spaulding attended the facility tour with IMHA Executive …
Indiana U. S. Representative’s Staff Visits MH Plant Read More
Southfield, Michigan-based Sun Communities, Inc., in it release of 2nd quarter 2014 financials, reports funds from operations (FFO) was $34.7 million, or $0.78 per share, versus $27 million or $0.69 per share for the comparable period in 2013. Net income attributable to common stockholders for the second quarter of 2014 …
Sun Communities Reports Positive Financials for Q2 Read More
Jacksonville, Fla.-based analytics firm Black Knight Financial Services reports foreclosure inventory fell to its lowest level in six years in June, dropping 36 percent from a year earlier to 951,000 properties, according to nationalmortgagenews.com. Marking its 26th consecutive month of declines, foreclosure starts numbered 88,300 in June, a drop of …
Foreclosure Inventory and Delinquency Rate Fall from Year Ago Read More
According to CNNMoney, the Chinese are now the biggest international buyers in the U. S. housing market, and over half of the $22 billion they spent on homes for the year ending in March was spent in California, New York and Washington, according to the National Association of Realtors (NAR). …
Chinese Homebuyers Buoying the U. S. Housing Market Read More
U. S. investors did not seem fazed by violence in Israel/Gaza and the Ukraine, as the Nasdaq rose +17.86 points, +0.40 percent, to end hump day at 4,473.70, while the S&P 500 hit a new intraday high but settled at 1,987.01, +3.48 points, +0.18 percent. Meanwhile, the Dow Jones Industrial …
Skyline Rises, Nobility Homes falls; Dow Slips, Nasdaq and S&P Rise Read More
Sales of previously-owned homes rose 2.6 percent in June to a 5.04 million annual rate, an eight-month high, according to figures released by the National Association of Realtors (NAR). More listings cooled prices as they advanced to their slowest rate since March 2012, as inventories increased to a nearly two-month …
Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189 …
Freddie Mac’s Multi-Indicator Market Index (MiMi) dipped .06 points to -2.59 last month, indicating a flat housing market, although on the year the housing market has improved by .86 points, according to housingwire.com. The all-time low was -4.42 in Nov. 2010, MHProNews has learned. Other housing market indicators are more …
Despite Cautionary Data, Housing Market Improves Modestly Read More
“Regarding this previous portion of the test, IBHS indicated: “When one of these high wind-rated HUD-Code homes is installed on a permanent foundation, in most of the country, it would end up resisting wind storms better than surrounding site-built homes.” So stated a MHI President and CEO, Richard “Dick” Jennison …
Residents at Blackhawk Estates manufactured home community (MHC) in an unincorporated area near Des Plaines, Illinois protested Monday after their property managers allegedly enforced what the residents are calling “the fine print” in their leases by walking through the community and taking belongings from residents’ yards, including childrens’ toys, yard …
According to nationalmortgagenews.com, Wells Fargo executives welcome the effort by Federal Housing Finance Agency Director (FHFA) Mel Watt to expand mortgage credit availability, but caution that capturing the lower-credit quality homebuyer is not likely to increase the size of the mortgage market nor impact earnings of mortgage originators. The nation’s …
Fitch Ratings expects the housing market to continue growing this year and become much stronger in 2015, according to housingwire.com. Fitch forecasts single-family housing starts to grow 9.5 percent the remainder of the year to 677,000, and new home sales to advance eight percent to 465,000 while home volume will …
Fitch Predicts Housing Market will Expand 16 Percent Read More
Following a story MHProNews posted July 17, 2014 regarding a manufactured housing wind test sponsored by the insurance industry, Dick Jennison, MHI president and CEO says the results will be on the Today Show tomorrow morning, July 23, between 7 and 7:30 AM eastern time. Conducted in several phases by …
