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.
MHProNews has been informed that Freehold, NJ-based UMH Properties, Inc. (UMH) has completed the acquisition of two Ohio manufactured housing communities (MHCs) for $5,400,000, according to marketwatch.com. With an average occupancy of 91 percent, the all-age communities contain a total of 258 developed homesites set on 40 acres. The public […]
UMH Tops the 15,000 Homesite Level Read More
The Huntington Beach (California) City Council voted 4-3 to bring the issue of rent control for residents of the city’s manufactured housing communities (MHCs) to a ballot measure for voters. MHC residents have complained recently that rents have risen as much as 50 percent in the last six months, according
Rent Control Set for Ballot Measure in California City Read More
Southern Energy Homes (Sehomes), a subsidiary of Clayton Homes, reports it has moved from its facility in Double Springs, Alabama and hired 270 people at its new 176,000 facility in Russellville, Ala. where it will average 1,500 manufactured homes per year. With plans to hire an additional 50-75 workers, the
Southern Energy Homes opens New Manufacturing Facility Read More
Stocks were relatively quiet in trading today as all three major indexes fell less than one half of one percent. The Dow Jones Industrial Average nudged down -70.48 points, -0.42 percent, to close at 16,912.11, while the Nasdaq slipped -2.21 points, -0.05 percent, to end at 4,442.70. The S&P 500
Drew Advances, Nobility Falls Back; Dow, Nasdaq, S&P 500 Slip Read More
Patrick Industries, Inc. (PATK) reports net sales for the second quarter of 2014 hit $188 million, an 18 percent increase over the same period in 2013, and net income per diluted share of $0.86 as compared to $0.70 for Q2 2013. President and CEO Todd Cleveland says manufactured housing (MH)
Patrick: Sales Increase 18 Percent in Q2 Read More
Cavco Industries, Inc. (Nasdaq:CVCO) will release its financial results for Q1 2015 on Thurs., July 31 after the close of the market, as MHProNews has learned from money.cnn.com, followed by a webcast the next day at 12:00 PM eastern time with discussion of the results led by senior management. Headquartered
Cavco to Release First Quarter 2015 Financials Read More
Following three months of gains, the National Association of Realtors (NAR) informs MHProNews the Pending Home Sales Index (PHSI) for June slipped 1.1 percent to 102.7 from 103.8 in May, and is 7.3 percent below June 2013. The average remains above 100, which is considered an average level of activity,
Pending Home Sales Drift Slightly in June Read More
MHProNews has learned from MyKawartha.com that the grand opening of Northern Comfort Modular Homes was held last weekend in Trout Creek, Ontario, Canada, in the northern part of the province. Joe Bennett is the owner. ## (Photo credit: marketwire.com–modular home)
New Modular Home Retailer opens in Far North Canada Read More
Mergers of two online housing data giants and two dollar store retailers did not spur stock markets in today’s trading as investors stay tuned to Q2 GDP numbers due out this week, as well as the July jobs report and news from the Federal Reserve’s policy committee meeting, also on
Skyline Spikes, LPX Drops; Dow, Nasdaq, S&P Barely Move Read More
A report by the non-profit Enterprise Community Partners says the lack of affordable housing is contributing to the cycle of poverty and underperformance of many Americans, according to housingwire.com. Tiffany Manuel, VP of knowledge, impact and strategy at the organization, says, “Enterprise believes stable and affordable housing is one of
Affordable Housing Shortage Contributes to Society Ills Read More
With revenue up 15.2 percent compared to the second quarter last year, Sun Communities, Inc. (NYSE:SUI) reports earnings per share of $0.78 beat analysts’ estimate of $0.76 by $0.02 for Q2 2014. Earnings per share for Q2 2013 were $0.69 per share, as watchlistnews.com informs MHProNews . The company’s $115.40
Sun Communities beat Q2 Analysts’ Estimates Read More
A six-story, 77 unit modular apartment building has been built in Perth, Australia in ten days for $22 million, according to propertyobserver.com.au. The one-and-two bedroom apartments represent a cost savings of 12 percent, with 50 percent less waste and 30 percent more energy efficiency in construction. With units starting at
First Modular Apartment Building in Perth, Australia Read More
In an attempt to determine the most cost effective and energy efficient home, the U. S. Department of Energy (DOE) is sponsoring a performance test administered by the Systems Building Research Alliance (SBRA), using three separate test homes built by Southern Energy Homes (Sehomes), each at a different level of
Clayton Subsidiary Testing Homes for Energy Efficiency Read More
There are almost 6 months to go before the start of the 2015 Louisville Manufactured Housing Show, and booth space and manufacturers exhibit space is approaching a sell out. MHProNews has learned there will be 2 new factory builders planning for the 2015 event, and apparently all the current manufactured
Louisville Show is Approaching a Sell-Out Read More
MHProNews has learned from insidehalton.com the Canadian Manufactured Homes Institute (CMHI) reports eleven percent of new single-family homes in 2012 were factory built homes, just one percent off an historic high of 12 percent the previous year. The CMHI envisions eco-conscious consumers see off-site home construction as a green way
Factory-made Home-building Falls One Percent in Canada Read More
The National Association of Home Builders (NAHB) tells MHProNews data from the U. S. Census Bureau and the U. S. Department of Housing and Urban Development (HUD) reports the sale of newly-built single-family homes dropped 8.1 percent to a seasonally-adjusted annual rate (SAAR) of 405,000 in June. In addition, sales
Newly-built Single-family Homes Sales Drops Read More
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
Lippert Components Sponsors Charity Run Read More
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
UFPI Stock Downgraded by Zack’s Read More
