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.
At the Dorchester County Council meeting in southern South Carolina, MHProNews has learned the council rezoned 1.98 acres on Claussen St. from Multi-family Residential to Single-family Residential, Manufactured Housing, according to journalscene.com. ## (Image credit: Bing Images)
Property Rezoned to Manufactured Housing Read More
According to wisconsinrapidstribune.com, custom modular homes builder Pittsville Homes, Inc. of Pittsville, Wisconsin is closing its doors after 40 years in business. Once one of the largest employers in town with 50-60 employees and a 40,000 square foot facility capable of building up to eight homes at one time, owner
Pittsville Modular Closes; Stratford Homes picks up Ferkey Read More
Writing in nationalmortgagenews.com, Lynn Effinger states evidence is mounting we are sliding back into another housing downturn. He says the shadow inventory of foreclosures which have not been released into the marketplace is artificially inflating home values. He notes the rise in institutional investors buying up bank-owned properties and making
Stepping back into Housing Bedlam? Read More
The College Board of Mississippi Valley State University (MVSU) reversed an earlier decision and decided to purchase modular housing units for students instead of leasing them because the school can sell them when they are no longer needed and recoup some of their expense, according to msbusiness.com. Higher Education Chancellor
Mississippi U will Purchase Modular Housing for Students Read More
Stocks fell across the board as investors responded to the violence in Gaza and the Ukraine, suppressing trading, as the Dow Jones Industrial Average nudged down -48.45 points, -0.28 percent, to close at 17,051.73. The Nasdaq slipped -7.45 points, -0.17 percent, to end the day at 4,424.70, while the S&P
Sun and Third Avenue Rise Modestly; Dow, Nasdaq and S&P Slip Read More
According to what wkrb13.com informs MHProNews.com, Equity LifeStyleProperties, Inc. (NYSE:ELS) will release its financial results for Q2 2014 on Tuesday, July 22, 2014, at 11AM eastern time. Analysts anticipate earnings will be announced as $0.61 per share with revenue of $179.61 million. In Q1 2014 the company beat analysts estimates
ELS to Release Q2 Financials Read More
According to crazyjoys.com in Stocks in the News, UMH Properties, Inc. (NYSE:UMH), which will distribute 0.18 per share to stockholders Sept. 15, 2014, has a year -to-date performance of 9.91 percent and a quarterly performance of 2.89 percent. In Friday’s (July 18) trading the stock closed up +0.71 percent at
UMH Properties, Inc.: A Stock to Watch Read More
Following a story MHProNews last posted June 16, 2014, the Pennsylvania attorney-general’s office is suing David Valenti, president of Wyoming Homes for alleged violations of the consumer protection laws and is seeking to permanently close the business. Twenty complaints were lodged against the business from Aug. 2011 to Dec. 2013
Pennsylvania AG Sues Wyoming Homes Owner Valenti Read More
In a letter to “Anne” of the democratandchronicle.com of Rochester, New York, the questioner describes a seasonal community on the water in New York state, which sites single-section manufactured homes (MH)and travel trailers that requires a fee of $1,000 payable to the community owner if a home is sold to
Rules Regarding Seasonal Manufactured Housing Communities may be Unexpected Read More
Elkhart, Indiana-based Drew Industries, Inc. (NYSE:DW) will release its second quarter 2014 financial results on Fri., August 1, 2014 before the market opens followed by a conference call at 11 AM eastern time later that same morning. As digitaljournal.com reports, the question-and-answer session will be limited to analysts and institutional
Drew Schedules Release of Q2 2014 Financials Read More
Ignoring the invasion of Gaza and the Malaysian Jetliner downed over the Ukraine, investors bid stocks back up, recovering some of the ground lost yesterday, as CNNMoney informs MHProNews. The Dow Jones Industrial Average regained +123.27 points, +0.73 percent, to close at 17,100.18. The Nasdaq rebounded +68.70 points, +1.57 percent,
Cavco Gains, Patrick Drops; Dow, Nasdaq, S&P Regain Lost Ground Read More
MHProNews has learned from progresstimes.com funding has been approved by the Department of Housing and Urban Development (HUD) for the Mission (Texas) City Council to fund a program helping manufactured homeowner’s in need of immediate repairs to their roofs, ramps or interiors. The Community Advisory Board has set up new
Program Assists Manufactured Homeowners with Minor Repairs Read More
Affordable housing activists are concerned the purchase by investors of many distressed and low-cost homes will lead to rental prices too high for the low-income community in many urban areas to afford while the owners are part of an absentee corporate structure, according to a report noted in housingwire.com. “While
Report: Investor-owned rentals not Conducive to Affordable Housing Read More
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
