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.
International news of a passenger plane being shot down in Ukraine and the Israeli invasion of the Gaza Strip once again infiltrates the stock market, sending all three indexes on a downward run, according to what CNNMoney tells MHProNews. The Dow Jones Industrial Average dropped -161.93 points, -0.94 percent, to …
Sun Ekes out a Gain, Cavco Drops; Dow, Nasdaq and S&P all Lose Read More
In an attempt to improve the control of manufactured homes (MH) in West Frankfort, Illinois, city commissioners are proposing an ordinance to define space requirements for new MH within the city limits, but extending to 1 ½ miles out. Total area for the home must be 6,000 square feet, and …
W. Frankfort, Illinois Restricting New Manufactured Homes Read More
According to the Mortgage Bankers Association’s (MBA) Market Composite Index (MCI), mortgage loan application volume fell 3.6 percent on a seasonally-adjusted basis for the week ending July 11, 2014 compared to the previous week. On an unadjusted basis the MCI rose 20 percent from the previous week, as the worldpropertychannel.com …
Freehold, New Jersey-based UMH Properties, Inc. has closed on the acquisition of four manufactured home communities (MHCS) in the Pittsburgh area for $12,200,000, according to PRWeb.com. These all-age communities contain a total of 336 developed homesites situated on a total of 239 acres. Average occupancy for these MHCs is 84 …
While many of the Malibu, California rich and famous have $25 million and up beach estates, just a few blocks away in Paradise Cove Mobile Home Park a manufactured home may sell for $300,000, although one is currently listed at $3.75 million, according to Zillow.com. It is a 2,200-square-foot, four-bedroom …
Manufactured Homes Overlooking Pacific very Pricey Read More
Good news from China, positive earnings reports and talk of mergers in the air sent to Dow Jones Industrial Average to a new high, 17,138.20, as CNNMoney reports to MHProNews. The Nasdaq gained +9.58 points, +0.24 percent to end at 4,425.97, while the S&P nudged up +8.29 points, +0.42 percent …
Dow Sets New Record; Cavco Advances the Most of Tracked Stocks Read More
MHProNews has learned the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose four points to 53 in July, indicating more single-family home builders than not have confidence in sales prospects. This survey, having been conducted by NAHB for 30 years, gauges builder perceptions of current prospects, …
Following on the heels of the World Cup tournament in Brazil that required the eviction of 100,000 of the country’s poorest citizens and demolition of their homes to make way for the 12 stadiums and visitor housing, a plan is afoot to insert 1,100 square foot modular units between the …
Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q2 2014 earnings report Thursday, July 17 at 8:30 AM eastern time, and will hold a conference call to discuss the results. While its stock opened this morning at $46.10, it has a 52-week high of $58.52 and a 52-week low of …
The owner of the Westwood Mobile Home Park in Innisfail, Alberta, Canada, is uniting with his residents in opposing a dump site the Innisfail Council is trying to locate next to the manufactured home community (MHC). Don Petersen, who has owned the community for 20 years, told 40 residents gathered …
State boards at the South Carolina Department of Labor, Licensing and Regulation (LLR) have combined the cost and review of licenses issued by the Manufactured Housing Board for those who work on manufactured homes. In a report from Associated Press, theitem.com says the new regulation will allow people who sell, …
South Carolina Eases Fees on Manufactured Home Workers Read More
According to wsj.com, Elkhart, Indiana-based Patrick Industries, Inc. (NASDADQ:PATK) will release its second quarter financial results before the market opens Tuesday, July 29, 2014, followed by a conference call later that same morning at 10:00 A.M. eastern time. The question-and-answer session will be limited to investors and analysts, and will …
Federal Reserve Chief Janet Yellen, noting the economic recovery is not complete, says the Fed intends to keep interest rates low, but also warned investors biotech and social media stocks may be overvalued, unusual for the Fed to hone in on equity in a particular industry. Stocks fell sharply after …
Fed’s Words Move Stocks Down, but Nobility Homes Moves Up Read More
According to what Benzinga.com tells MHProNews.com, of the ten worst performing industries for July 15, 2014, manufactured housing (MH) was number two, with a -2.13 percent loss by 11 AM eastern time. Toy and hobby stores were number one at -2.83 percent. Ranked third was drug-related products which came in …
The Massachusetts Homestead Act protects homeowners from having their homes sold off to pay unsecured debts such as credit cards and lawsuits, providing they live in the home as their principal residence, according to thevalleydispatch.com. It does not apply to mortgage payments or taxes or liens on the property, but …
The Greens party in Australia wants woods from Southwest Australia used to make modular homes to address housing affordability issues in the country, according to abc.net.au. Greens Senator Scott Ludlam tells MHProNews, “We think there’s a good story here for manufacturing, for skills development, for better use of plantation timber …
According to nyreg.com, the Largo Group of Companies of Rochester, New York has arranged $2.2 million in financing for a manufactured housing community (MHC) in Falconer, and an industrial building in Buffalo. Falconer Village Manufactured Housing Community has 53 homesites and is three miles from Jamestown, NY, as MHProNews has …
Financing Arranged for Manufactured Housing Community Read More
Virginia Walton, who drove a truck in the U. S. Army during the 1970s, and her daughter, Veronica Cowelti, a former U. S. Navy hospital corpsman who served in the Persian Gulf War and became a nurse like her mother, received $5,000 worth of improvements to their manufactured home. According …
Mother, Daughter get $5k Upgrade to Manufactured Home Read More
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is …
The Dow Jones Industrial Average crossed the line into 17k territory again today, but stopped short of a new record, as CNNMoney tells MHProNews, gaining +111.61 points, +0.66 percent, to end 17,055.42. The Nasdaq advanced +24.93 points, +0.56 percent to end at 4,440.42. The S&P nudged up +9.53 points, +0.48 …
Dow Gains over 100 Points; Tracked Housing Stocks Mostly Quiet Read More
