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.
Single and multifamily housing starts plummeted 29.6 percent in the South, the nation’s largest region, for June, according to figures released by the Dept. of Housing and Urban Development (HUD) and the Census Bureau, bringing down the national average to minus 9.3 percent. The other three regions of the country […]
Housing Starts and Building Permits Decline in June Read More
In its report of second quarter 2014 financials by twst.com, Universal Forest Products, Inc. (Nasdaq:UFPI) says the company’s net earnings were $21.8 million, an increase of 38.1 percent above net earnings of $15.8 million for the same period of 2013. Diluted earnings per share for the second quarter were $1.08,
UFPI’s Earnings rise 38.1 Percent Read More
The California Department of Housing and Community Development awarded the city of Calistoga, California $46,073 to conduct a study of the long-term viability of manufactured housing communities (MHCs) as an affordable housing option. Three of the MHCs in Calistoga, with 556 homesites, are an important segment of the local affordable
California City Reports more Affordable Housing is Needed Read More
Manufactured Housing Institute (MHI) President and CEO Dick Jennison reports the Insurance Institute for Business & Home Safety (IBHS), a not-for-profit safety education and risk mitigation organization, supported by the property insurance industry, will conduct wind tests on the attached structures of two HUD-code homes at their testing facility in
Insurance Industry Sponsoring a Manufactured Home Wind Test Read More
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
Loan Apps fall Following July 4 Holiday Read More
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
UMH Acquires Four Manufactured Home Communities Read More
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,
Single-family Home Builder Expectations Rise Read More
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
World Cup Stadiums may Alleviate Housing Needs Read More
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
UFPI to Release Second Quarter Earnings Report Read More
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
MHC Owner and Residents Unite against City Read More
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
Patrick to Release Second Quarter Financials Read More
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
Bad Day for Manufactured Housing Read More
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
Manufactured Homes Protected by State Law Read More
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
Political Party Advocates Modular Housing Read More
