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.
On Sunday, March 16 at 4:47 PM ET, a news release was received from the Manufactured Housing Institute (MHI) on the topic of the highly-charged issue of a Government Sponsored Enterprise (GSE, “Fannie and Freddie”) reform plan. Some 3 Hours and 43 minutes later, at 8:30 PM on the same […]
MHProNews.com has learned that Canada’s Killam Properties, Inc. has chosen Ms. Karine MacIndoe to serve as a director of the corporation. Chosen for her experience in finance, capital markets and real estate, she is currently an independent consultant but previously worked for BMO Capital Markets, NM Rothschild & Son and
Killam Announces a Board Appointment Read More
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition is now complete. Acquired through its wholly-owned subsidiary, Lippert Components, Inc., the $12.3 million purchase was made from the company’s $75 million
Drew Completes Acquisition of Star Design Read More
Investors were unfazed by the mounting tension between the U. S. and Russia over Ukraine, as the Dow Jones Industrial Average jumped 180.65 points, +1.12 percent to end the day at 16,247.22, according to CNNMoney. The Nasdaq moved up +34.55 points, +0.81 percent, to finish at 4,279.95, while the S&P
Nobility Gains, as does Dow, Nasdaq and S&P Read More
For the first quarter ending Feb. 1, 2014, Nobility Homes, Inc. (NOBH) reports sales increased 23 percent to $4,191,429 over the $3,401,667 for the comparable period in 2013. Net income based on those sales after taxes increased to $103,402, well above the $4,845 for the same period of 2013. Working
Nobility Homes Improves in 2014 Q1 Read More
A distributor of over 10,000 products to a customer base of 11,500, including components for the manufactured housing industry, BlueLinx Holdings, Inc. (BXC) has entered into an amendment for its U. S. revolving credit agreement for an additional $20 million line of credit, according to marketwatch.com. Led by Wells Fargo
Manufactured Home Component Supplier Expands Credit Read More
Fort Collins, Colorado has seen five manufactured home communities (MHCs) close in the last 20 years, displacing 461 families, and of the 14 remaining communities that represent 1,336 homesites, eight are set for redevelopment. MHProNews.com has learned 73 percent are owner-occupied. A study from 2012 to determine the place in
Colorado City: Net Loss of Manufactured Housing Homesites Read More
MHProNews.com has learned residents at Hickory Hill manufactured housing community (MHC) in Klecknersville, Pennsylvania, just north of Allentown, are forming a homeowners association and considering taking the owner to court for allegedly overcharging them on their utilities. They also claim the owner, Albert Jinks, requires them to buy upgrades—decks, garages
Manufactured Home Residents Forming Association Read More
Crestview Estates, a manufactured housing community in Norton Shores, Michigan has a new owner after the community’s water bills and other utilities went unpaid for several consecutive months by owner Adam Schwerin. While a group of Catholic churches paid the water bill previously, the new owners, ALT Property Management and
Manufactured Housing Community has New Owner Read More
Following a post MHProNews.com published March 13, 2014 regarding the new housing reform bill introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) for the Senate Banking Committee, the Manufactured Housing Institute (MHI) informs us the replacement for Fannie Mae and Freddie Mac would provide manufactured home (MH) loans
New Finance Reform Bill Includes Manufactured Housing Read More
Maryville, Tennessee-based Clayton Homes announces it is partnering with the Si Robertson clan in the Duck Commander 500 NASCAR® Sprint Cup Series race at Texas Motor Speedway April 6. Noting family Robertson has endorsed Clayton Homes as a “Good Call” for American homebuyers, Si and his wife, Christine, live in
Clayton, Robertson Clan Partner on Duck Commander Stock Car Race Read More
The National Mass Housing Development Programme in Namibia, Africa plans to build 185,000 modular houses by 2030 to ease the critical housing shortage. A Chinese-Namibian company called Afrina, a joint venture of the government with Sinotech Modular Housing of China, utilizes construction techniques that enable the building of a two-bedroom
Namibia Plans Modular Housing to Ease Shortage Read More
Political concerns about the future of Ukraine and worries about a downturn in the Chinese community kept investors away from the dance floor as the week saw a drop of about two percent in the value of the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -43.22
Drew and Patrick Industries Perform Best in Today’s Trading Read More
Marking a new chapter in resilient architecture in high water zones for vulnerable coastal cities, Nigerian architect Kunle Adeyemi, in conjunction with his Lagos and New Amsterdam-based firm NLE, has designed modular floating homes linked into neighborhoods, and perhaps even entire floating cities. Currently many people in the Makoko neighborhood
Floating Modular Homes Read More
MHProNews.com has learned that UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites with an average 70 percent occupancy rate, for $24,950,000. A public real estate investment trust (REIT), marketwatch.com reports the company owns and operates eighty-two manufactured home communities
UMH Acquires Eight Manufactured Home Communities Read More
Following an article MHProNews.com published Feb. 27, 2014 regarding surplus modular homes from the U. S. military being sited on the Apache Mescalero Reservation in New Mexico, officials from the tribal nation offered a public thank you to the military and the General Services Administration at a ceremony March 7.
Mescalero Tribe Offers thanks for Modular Homes Read More
Following a decision by state regulators, Pacific Gas & Electric (PG&E) will begin a three-year pilot program in Northern and Central California to replace master meters in manufactured housing communities (MHCs) with metes measuring gas and electric service going directly to individual homesites. Many communities have aging infrastructures, says wsj.com,
Manufactured Home Residents to Receive Utilities Direct Read More
Concerns over the Chinese economy and how the crisis in Ukraine may affect global markets trumped a positive report on U. S. retail sales and a drop in unemployment claims, as the three major indexes all fell over one percent. CNNMoney reports the Dow Industrial Average dropped -231.19 points, -1.41
Nobility, Skyline rise; Dow, Nasdaq, S&P Lose One Percent Plus Read More
The Richmond County (North Carolina) Planning and Zoning Board of Adjustments upheld a notice of violation for a nuisance problem at a manufactured home in the town of Hamlet in south central NC. County planner James Armstrong said manufactured homes in the county must comply with Housing and Urban Development
Manufactured Home in Violation Read More
According to tickerreport.com, manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) has announced it will pay shareholders of record on Friday, March 28, 2014 a dividend of $0.325 per share on Friday, April 11, 2014, representing an annualized dividend of $1.30 and a dividend yield of 3.17 percent. The
Equity LifeStyle Properties Announces Dividend Read More
