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.
Slow retail sales in January and tepid corporate returns did not deter investors from buying stocks in today’s trading, pushing up all three major indexes. CNNMoney reports the Dow Jones Industrial Average nudged up +63.65 points, +0.40 percent, to end the day at 16,027.59. The Nasdaq advanced +0.94 percent, +39.38 […]
UFPI, Drew and Skyline Advance Strongly Read More
The Modular Home Builders Association (MHBA) is promoting a new initiative to unite all modular home builders under one roof, according to modularhomecoach.com. Executive Director Tom Hardiman says, “For years, the modular home industry has been fragmented and disjointed, underserved and underrepresented by committees, councils and for-profit entities that have
Modular Home Builders Come Together Read More
Noting the flack Consumer Financial Protection Bureau Director (CFPB) Richard Cordray received about manufactured housing when he recently appeared before the House Financial Services Committee, Doug Ryan of CFED says the criticisms are misguided, although the testimony did bring attention to the 20 million people who live in manufactured housing.
CFED’s Ryan says Future of Affordable Living Depends on Manufactured Housing Read More
Drew Industries, Inc. reported net sales for the year ending 2013 increased $114 million over last year to a record $1.02 billion, resulting in income of $50.1 million, $2.11 per diluted share, a rise from net income for 2012 of $37.3 million, or $1.64 per diluted share. Had it not
Drew Industries Drew Well from the 2013 Well Read More
According to cnnmoney.com, Universal Forest Products, Inc. (NYSE:UFPI) announced 2013 net sales of $2.5 billion, an increase of 20.2 percent over 2012, and net earnings of $43.1 million, $2.15 per diluted share, compared to net earnings in 2012 of $23.9 million, or $1.21 per diluted share. Net sales for Q4
Universal Forest Products Announces Financials Read More
Five hundred thirty acres of former farmland in Minot, North Dakota are set to become a new planned community of 2,000 residential units around a hub of commercial and retail space, including a park and trail system. Infrastructure work began last year to support the development, which includes what is
Manufactured, Modular Homes Filling North Dakota Project Read More
The three major indexes all moved less than one quarter of one percent in today’s trading as investors stepped back from the boost the market received upon the announcement of Janet Yellen as the new head of the Federal Reserve. CNNMoney reports the Dow Jones Industrial Average nudged down -30.83
Universal Forest Products edges up, Cavco Edges Down Read More
Survivors of the Sept. 2013 disastrous, heavy flooding in Colorado have received a total of $267 million in federal and state assistance, according to insurancejournal.com. EQECAT, which provides state-of-the-art catastrophe risk models for the insurance and reinsurance industries, said flood losses have hit $2 billion and continue to climb. The
FEMA Providing Manufactured Housing for Flood Survivors Read More
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014 includes an $0.08 increase in distribution per common share; a midrange estimate of funds from operations (FFO) per share increase of
Sun Communities’ Stock Upgraded Read More
Pure Advantage, a nonprofit organization in New Zealand, intends to build hundreds of modular homes to meet the housing crunch brought on by the Feb. 2011 earthquake that devastated Christchurch and killed 185 people, as MHProNews.com last covered Dec. 30, 2013. Set up three years ago to promote a greener
Affordable Modular Housing on Tap for New Zealand Read More
While the latest quarterly report from the National Association of Realtors (NAR) reveals the vast majority of metropolitan areas continued to experience strong year-over-year price growth in Q4 2013, a companion metro area annual affordability report pictures less favorable conditions, particularly in the West. According to housingwire.com, with 119 out
NAR: Housing Affordability Hindered by Stagnant Incomes Read More
MHProNews.com has been informed the need for worldwide senior housing is projected to drive that sector of the construction market to $127 billion by 2023 in the G20 summit nations, growing at a compounded eight percent over the coming decade, more than double the current market value. As reversemortgagedaily.com says,
Growing Need for Senior Housing to Drive Modular Market Read More
Investors clearly liked it when new Federal Reserve head Janet Yellen said she will continue the ongoing monetary policy, driving each of the three major stock indexes over one percent. CNNMoney reports the Dow Jones Industrial Average jumped +192.98 points, +1.22 percent, to end the day at 15,994.77. The Nasdaq
Nobility Spikes, Skyline Falls Again, as Three Major Indices Rise Read More
According to thealpenanews.com, the Harrisville (Michigan) Aldermen heard from Carolyn and Rick Pender of their plans to develop their property into lots for 40 modular homes. MHProNews.com has learned the couple wants the city to vacate several unbuilt streets that they can use for their development. The Pender’s have hired
Plans continue for Modular Homes Read More
Palomar Modular Buildings will have a display at the BuildExpo Dallas at the Dallas Convention Center, Feb. 12-13, 2014, one of the larger building and construction trade shows in the nation. As prweb.com informs MHProNews.com, Palomar manufactures modular building for office, retail, healthcare, education and workforce housing from its manufacturing
Modular Buildings on Display in Dallas Read More
The Albuquerque (New Mexico) Community Foundation oversees the awarding of 16 scholarships. The New Mexico Manufactured Housing Association (NMMHA) Scholarship offers $1,000 for graduating New Mexico high school seniors who live in manufactured homes. MHProNews.com has learned from abqjournal.com applicants must have a minimum grade point average (GPA) of 3.0.
New Mexico Manufactured Housing Association to Award Scholarship Read More
Manufactured housing component and building supplier Patrick Industries, Inc. (PATK) is set to release its financial results for 2013 before the market opens on Thurs., Feb. 20. According to twst.com, a conference call will be held later that morning at 10:00 AM eastern time to discuss the results. CEO and
Patrick Industries to Release Financials Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) announces applications are being accepted for its 2014 Scholarship Program. Applicants must be employed by VAMMHA member companies or be the children or grandchildren of employees and have a 3.0 grade point average (GPA). They are required to submit three letters of
Applications Open for VAMMHA Scholarships Read More
Fannie Mae has collected nearly $14 billion from eight mortgage lenders since the start of 2013 for repurchase claims, and just agreed to $591 million from Wells Fargo, which will mark the end of its efforts to collect on defective loans it bought from private lenders during the the peak
Fannie Mae Finalizes Repurchase Liabilities Read More
Writing for bankstocks.com, commentator Thomas Brown says while the Consumer Financial Protection Bureau (CFPB) is supposed to insure consumers get a fair shake when obtaining a mortgage, it will end up making credit more expensive and tougher to get for the people it was intended to help. It is accountable
